City Delhi Financial News

Global Capability Centers (GCC), is driving the performance of commercial real estate across India’s key property markets. The resilience exhibited by the Indian economy despite the global headwinds and availability of talent continues to help the office property markets in key cities sustain the growth trend. Demand for office space in India’s largest occupier markets remained strong with over 16.1 million sq ft office space leases during the period. Robust occupiers' demand for setting up Global Capability Centres (GCC) constituted most of the leasing. Prime office rentals in the country’s key property markets Delhi-NCR, Mumbai, and Bengaluru remained strong in year-on-year terms.

₹1.5 crore) were sold between January and September in seven metropolitan cities in the country in 2023, against 39,300 (Approx) units sold in the same period in 2022. Also read: Mumbai’s real estate registrations surge during festive season According to the data, out of the approximately 3.49 lakh units sold in eight cities (Delhi-NCR, Mumbai region, Bengaluru, Pune, Hyderabad, Chennai, and Kolkata) in the first nine months of 2023, about 24% or roughly 84,400 units were luxury homes priced above ₹1.5 crore. Among the eight Indian cities, luxury housing sales rose by 260% in Hyderabad between January-September in FY 2024.

The real estate sector has strengthened across the country over the past few years as a result of enhanced buying capacity, stable repo rates, the inclination of buyers towards owning comfortable living spaces, and, most importantly, the availability of promising projects for investment. Delhi-NCR, and particularly Noida, holds remarkable growth opportunities and economic efficiency in terms of commercial real estate developments. With the increasing demand for flexible spaces, co-working environments, and high-street retail, the commercial real estate sector in NCR is experiencing a surge like never before.

NCR areas of Rajasthan, Uttar Pradesh, and Haryana, Delhi Environment Minister Gopal Rai on Sunday called for the Centre to impose a stringent ban on buses running on subpar diesel. The minister discovered that all buses registered in these areas were BS III and BS IV vehicles during an unexpected examination at the Kashmere Gate interstate bus terminal. «Vehicular emissions account for a significant portion of Delhi's air pollution.

Narendra Modi, while addressing the 106th episode of the Mann Ki Baat radio program on Sunday, said that Khadi Mahotsav has broken all records this month. "Earlier this month, Khadi witnessed record sales in Delhi...This month's ongoing Khadi Mahotsav has once again broken all records. On Gandhi Jayanti, Khadi witnessed record sales," said PM Modi.

Gujarat BJP President CR Patil, on Sunday, flagged off the 'Kalash Yatra' from Gujarat's Gandhinagar during which 75 'Kalash' (earthen pots) with soil collected from different villages of the state, left for the national capital on electric vehicles, as part of the 'Meri Mati Mera Desh' programme. «For the conclusion ceremony of the Amrit Mahotsav, PM Modi gave the 'Meri Maati Mera Desh' campaign to the country. A pinch of soil or rice was collected from the homes of the Bravehearts in every village of Gujarat and those 'Khumbh' were brought to Ahmedabad», said CR Patil while speaking to reporters.

There is no noticeable change in the scenario despite a 15-point winter action plan and initiatives such as 'Red Light on, Gaadi off' being put in action. With vehicular and biomass burning emissions contributing to rising PM2.5 levels, the haze is set to continue. 'Very Poor' air quality forecast has already been issued for the region from October 29 to 31. On Sunday, the overall air quality in NCR was recorded in the 'Very Poor' category, data from the System of Air Quality and Weather Forecasting and Research (SAFAR)-India showed. The AQI in Delhi was at 309 on Sunday morning.

AQI LIVE Updates: The overall air quality in Delhi on Sunday morning continued to remain in ‘very poor’ category as the Air Quality Index (ADI) hovered around 309 at 8:00 am, according to the data revealed by SAFAR. The average AQI in Noida also stood above 300, 232 in Delhi airport (T3), 341 in Delhi University, 362 in Dhirpur. The air quality in Mumbai stood at 139 which is in ‘moderate’ category.

Bumble from her phone. This is the fourth dating app—after Coffee Meets Bagel, Hinge and The League—that she has given up on in as many years. “If you ever decide to do an anti-dating apps campaign, I’ll be more than happy to share horror stories,” she told a professional matchmaker after hitting Uninstall. Manisha, 35, is a media entrepreneur from Delhi, who has had a range of unpleasant and disturbing experiences while trying to find a romantic companion through these apps. Being ghosted, catfished and lied to about age is a routine affair on these platforms, as is receiving unsolicited messages and pictures. “I’ve even had someone casually bring up their money laundering charges on the first phone call,” she says. “Dating apps are a high-effort and low-reward game,” Manisha concludes.

₹67 a kg) on onion exports between 29 October and 31 December to ensure domestic availability. The move comes against the backdrop of rising onion prices owing to a delay in the arrival of kharif onions, which are now expected to hit the market from Maharashtra, the top grower, in December. Onion prices have shot up more than 50% in the past two weeks to ₹80 a kg in the retail markets of Delhi.

G20 Summit in New Delhi, commenced on Saturday from the city, according to a release. The initiative taken by a local NGO, Jagriti Sewa Sansthan in collaboration with G20 Startup 20, and supported by the State Bank of India and SIDBI, will focus on inclusive enterprise and women-led development with other themes from the Delhi Declaration, it said. The 8000-km long yatra will be undertaken across the country and will conclude in Mumbai on November 10, it said. Through the Yatra, participants will gain exposure to the international startup ecosystem, acquiring insights into inclusive practices and global networking, it stated. «We are happy to collaborate with the Jagriti G20 Startup20 Yatra, as it resonates deeply with SBI's commitment to fostering entrepreneurship in the country and participating in Women-led developmental initiatives,» SBI Chairman Dinesh Khara was quoted as saying in the release. «This initiative mirrors our focus on creating a diverse and inclusive entrepreneurial ecosystem, driving economic growth and social progress,” he added. The Yatra will promote the 5 pillars of the Delhi Declaration which include inclusive growth, green development, technological transformation and digital public infrastructure, women empowerment and culture as a transformative driver, as per the release. These key tenets of the Delhi Declaration will be amplified through seven mega events that are planned across Mumbai, Bengaluru, Varanasi, Deoria, Delhi (two events), and Gandhinagar, as part of the Yatra, it said. »This Yatra is being supported by SIDBI as a 'Green Partner, which has prioritised digitization and greening the enterprise ecosystem.

₹1,627 crore-alleged bank fraud involving Parabolic Drugs. The Chandigarh-based pharmaceutical company is promoted by Pranav Gupta and Vineet Gupta, and was booked by the Central Bureau of Investigation (CBI) in 2021.

Balloons of Hope: Bring the Hostages Home" campaign. The embassy said that the balloons were a display of solidarity with the families of those held hostage by Hamas since the October 7 assault.

Icomm has showcased a range of super-efficient and high-precision weapons at the Milipol India 2023, the Indo-Pacific's premier international event for homeland security held at Delhi. A press release from Icomm, an MRIL group company, said the weapons displayed are set to be made locally by Icomm-Caracal in Hyderabad, giving a substantial push to Prime Minister Narendra Modi's 'Make in India' call.

celestial phenomenon is on the horizon as we approach the final lunar eclipse of 2023. This weekend, set your sights on the night sky as a partial lunar eclipse, known as Chandra Grahan, is poised to captivate India.

Jawa Yezdi Motorcycles has unveiled upgraded versions of the Jawa 42 and the Roadster. These premium variants feature subtle cosmetic alterations. The starting price for the Jawa 42 range is now ₹1,89,142, and the Yezdi Roadster range begins at ₹2,06,142 (all prices ex-showroom Delhi).

₹25-30 per kg to ₹55-60 per kg in the days following Navratri. There are now concerns that the kitchen staple will breach the ₹100-mark in the coming days. Reports citing traders based in the national capital's key vegetable markets stressed the need to urgently address the supply shortage.

Delhi Environment Minister Gopal Rai said on Saturday that the number of stubble burning incidents recorded in neighbouring states so far is fewer than last year, and the overall contribution of farm fires to the city's air pollution is expected to reduce. However, he cautioned that air pollution may increase in the coming days due to unfavourable meteorological conditions. Only around 2,500 stubble burning incidents have been recorded so far, compared to 5,000 such cases during the same period last year, he told reporters.

Delhi: The price of onions in the national capital on Saturday witnessed a huge increase to almost double the previous price affecting household budgets. Onion traders are putting the blame for the sudden spike in onion prices on a shortage in supply. According to the onion traders, the onions were priced at Rs 25-30 per kg before Navratri which have gone up to Rs 55-60 per kg in three days and these are being sold at Rs 65-70 per kg in the markets. Currently, the retail prices in Delhi NCR stand at Rs 60 per kg from Rs 40 per kg a fortnight back due to delayed arrivals of harvest from key producing states like Maharashtra and Madhya Pradesh, as per an official of the Ministry of Consumer Affairs. «The inflow of the onion is low resulting in high rates. Today the rates are Rs 350 (per 5 Kg). Yesterday, it was Rs 300.

New Delhi: Delhi Transport Minister Kailash Gahlot on Saturday said he will issue directions on deploying bus marshals as home guards so that they don't lose their jobs and passengers are also not left inconvenienced. Addressing a press conference, Gahlot, who also holds the portfolio of Home department, said Chief Minister Arvind Kejriwal has asked him to issue directions on deploying bus marshals as home guards.

These high-growth startups, often credited as category creators, have introduced entirely new industry segments, positioning them as critical players in India's ambitious goal of reaching a $5 trillion economy by 2025 and achieving full-fledged developed nation status by 2047. Startup20 Vision that aims to empower Indian startups as the catalyst for global economic advancement" and the rapidly growing deeptech startup prospects that are fosterting the emergence of future unicorns from sunrise sectors are among the central themes in this thriving ecosystem, propelling innovation, expansion, and global economic impact. At the Delhi-NCR edition of the ET Soonicorns Summit 2023 – an Economic Times initiative to track the next frontiers of growth for the Indian startup ecosystem – Startup20 Vision and the Deeptech sector will be in focus, with a Keynote Addresses by Jeet Vijay, CEO, MEITY Startup Hub and Geetika Dayal, Executive Director.