City Delhi Financial News

₹40 per kg to ₹80 a kg within just two weeks. Industry insiders expect prices to keep increasing until arrivals from the new Kharif crop, which is delayed by almost two months, becomes available in December. In Maharashtra’s Lasalgaon, the hub of onion wholesale trade, prices have surged by 58% in a fortnight, standing at ₹38 per kg as of Tuesday.

Marg-Panchkulan Road. The main procession will begin at 2 PM on October 28.

B-schools, including the Indian Institute of Technology (IIT) and Indian Institute of Management (IIM), which were forced to switch to a fully online hiring model during the pandemic, have now made hybrid placements the norm. Despite post-Covid normalcy fully restored, almost all these institutes are keeping the online recruitment option open for hiring companies in addition to offline mode, placement sources at IITs including Delhi, Bombay, Roorkee, Kharagpur, Kanpur and IIMs at Ahmedabad, Indore and Kozhikode told ET.

NBCC (India) Ltd has sold 3.91 lakh sq ft of premium office space in South Delhi for Rs 1557.51 crore and will use it to fund the construction of seven colonies of Delhi. This is the highest sale realisation in a single auction since launch of WTC, New Delhi in 2017. The space at the World Trade Centre (WTC) that is coming up at South Delhi’s Nauroji Nagar as part of the government's redevelopment plan is being auctioned regularly and NBCC has so far earned Rs 8751.61 crore by selling about 2.17 million sq ft. The WTC, which offers 3.4 million sq ft of saleable area including 12 commercial towers, is part of Nauroji Nagar redevelopment.

In a horrific incident, a Delhi police personnel was hit by an SUV and thrown into the air in the national capital, reported ANI. The incident took place on the intervening night of October 24-25 in the Connaught Place area.

Question: We are an Indian-based entity with various group companies in foreign jurisdictions. There are many intercompany transactions with such group companies which are subjected to a lower withholding tax rate in accordance with the relevant treaty owing to MFN. Kindly highlight the recent Supreme Court judgement in the case of applicability of the Most Favoured Nation MFN.

Co-working startup Innov8 has announced that it will double its footprint in the ongoing financial year FY 2023-2024. The company added 5 new centres in key business cities in India in early 2023 and is all set to inaugurate 5 more centres in the current quarter.

The Enforcement Directorate (ED) has called Vaibhav Gehlot, the son of Rajasthan’s Chief Minister Ashok Gehlot, for questioning in connection with a foreign exchange violation case on October 30.

Armenia's IT industry has been experiencing tremendous growth and development and local startups including firms dealing with Artificial Intelligence are seeking active partnerships with Indian counterparts and open chapters in South Asia’s biggest market. Armenia has emerged as an attractive destination for technology companies and startups, thanks to its favorable business environment, skilled workforce and supportive government initiatives, local industry experts told ET. Armenia is home to some of the most industry disrupting startups in the medical crypto, AI, and design fields. With a large pool of tech talent and a history of noteworthy astrophysicists and chess grandmasters, it is no surprise that there are so many successful innovative tech startups.

Titan Company Limited is all set to launch an invite-only retail store which will sell luxury jewellery with a minimum ticket size of ₹10 lakh. The move comes as India's consumer companies rush to premiumise to tap into the strong demand at the higher end of the consumer discretionary market. The company has taken 17,000 sq ft space in Delhi's South Extension market for the luxury store, said two executives aware of the development. They said Titan is doing a pilot for this luxury format in the national capital and might replicate it in other parts of the country. The Tata group company reported a double-digit growth in buyers and ticket sizes in the September quarter, indicating strong demand at higher price points. «This will be one of the largest jewellery stores in the country, and Titan already has a store of about 10,000 sq ft across the road,» said one of the persons, who did not wish to be identified.

World Cup 2023 match at M. A. Chidambaram Stadium, Chennai.

PTI. According to data on the official website of the NCVBDC, which comes under the Union health ministry, 5,221 cases of dengue and one death due to the disease had been recorded in Delhi till mid-September this year. Earlier on Thursday, Delhi Mayor Shelly Oberoi had held a review meeting on vector-borne diseases with the Public Health Department officials of the MCD at the Civic Centre.

Rajiv Rattan, one of the founding members of Indiabulls, has acquired a 50% stake of its joint venture (JV) partner Lone Star Funds in RattanIndia Finance for Rs 611 crore (about $73 million) in an all-cash deal, multiple persons with knowledge of the development. The rift between the two was triggered three years ago after Lone Star alleged that Rajiv Rattan had misused money belonging to the company. Rattan, also the promoter of RattanIndia Power, has denied any wrongdoing. In May 2021, the global private equity fund firm approached the Delhi bench of the National Company Law Tribunal (NCLT) against RattanIndia Finance, alleging irregularities and mismanagement in the company.

Madhya Pradesh Assembly polls but people must not fall into this trap, Punjab Chief Minister and Aam Aadmi Party leader Bhagwant Mann said on Thursday. The Bharatiya Janata Party and the Congress loot people for the first four years (of the tenure) and then offer «lollilops» in the last year ahead of polls, alleged Mann while taking part in roadshows in Chhatarpur.

Narendra Modi will kick off this three-day event, as revealed by the Department of Telecommunications on the X social media platform. India Mobile Congress 2023 promises to be a focal point for innovation, knowledge exchange, and networking, making it an essential event for those engaged in the telecom and technology sectors. As per a release by PIB, the event is a collaborative endeavor between the Department of Telecommunications and the Cellular Operators Association of India, and it will be held at Pragati Maidan, Delhi.

Israel-Hamas war news: As Israel invaded Gaza on the ground on Thursday, targeting Hamas positions using tanks, United States President Joe Biden hinted that hinted that one of the reasons behind Hamas fighters' 7 October attack on Israel was the recent announcement of the India-Middle East-Europe Economic Corridor. According to a GTRI report, the ongoing Israel's war with Hamas fighters in Gaza can derail the prospect of a historic peace deal between Israel and Saudi Arabia, a crucial linchpin in the India-Middle East Europe Economic Corridor (IMEEC) framework The India-Middle East-Europe Economic Corridor was announced by US President Biden, Indian Prime Minister Narendra Modi and European Commission President Ursula von der Leyen during the annual Group of 20 summit held in India earlier this year.

challans were issued to vehicle owners in India for violating traffic rules. These violations amounted to an outstanding sum of Rs 4,654.26 crore. While this may be a significant source of revenue for the ministry, it also highlights the alarming prevalence of traffic violations across the country on a daily basis. Despite the increase in fines imposed on various traffic violations over the years, data indicates that the problem continues to worsen.

₹38 per kg, which is a 58 percent increase from ₹24 per kg two weeks ago. In the National Capital Region, retail prices of onions have risen by 25-50 percent. Currently, onions are being sold at ₹50-70/kg.

M3M plans to deliver six projects in FY24 spread across 6.5 million sq ft and with a construction cost of Rs 3,250 crore. In the first half of FY24, M3M India has delivered two residential projects — M3M Heights and M3M Flora68, and one commercial project M3M Skylofts, comprising about 2.5 million square feet of space with a construction cost of Rs1250 crore. In the second half, the company aims to deliver 3 more projects – M3M Atrium57, M3M Solitude and M3M Lofts74, comprising about 4 million square feet of space with a construction cost of Rs 2000 crore. Last financial year, M3M India had launched a number of new retail and residential projects including — M3M Capital residential project, and a kilometre-wide retail project – M3M Capital Walk, both on the Dwarka Expressway as part of Smart City Delhi Airport vision. The company also launched premium retail projects M3M Jewel on MG Road, right on the IFFCO Chowk in Gurugram, and M3M Route65 on Golf Course Extension Road.

onion touched Rs 50/kg in Delhi on Wednesday as well as in some markets of Maharashtra. Onion prices are expected to continue to rise till December, when the new kharif crop is expected to hit the markets after a delay of nearly two months. «The average price of onions in Ahmednagar market has increased from about Rs 35/kg about around 10 days ago to Rs 45/kg now,» said Nandkumar Shirke, chairman, Association of Onion Traders of Ahmednagar District.

Indian Railways is running 4480 trips of 283 special trains till Chhath Puja this year for the convenience of rail travellers and to clear the extra rush of passengers. «Special Trains have been planned to connect major destinations across the country on railway routes like Delhi- Patna, Delhi-Shri Mata Vaishno Devi Katra, Danapur-Saharsa, Danapur- Bengaluru, Ambala-Saharsa, Muzaffarpur-Yesvantpur, Puri-Patna, Okha-Naharlagun, Sealdah-New Jalpaiguri, Kochuveli-Bengaluru, Benaras- Mumbai, Howrah-Raxaul etc. During 2022, Indian Railways had notified 2614 trips of 216 Puja Special trains,» the Ministry of Railways said in a press release. Crowd-control measures by forming queues at the terminus stations under the supervision of RPF staff for orderly entry of passengers in unreserved coaches are being ensured. «Additional RPF personnel have been deployed at major stations to ensure the security of passengers.