City Delhi Financial News

tax demands for close to ₹11,000 crore on dividend income repatriated from India, following a Supreme Court ruling last week. The Supreme Court said on Thursday that the lower 5% withholding tax on dividend income of companies was not available to all Organisation for Economic Co-operation and Development (OECD) countries merely on the most favoured nation (MFN) basis. The apex court held that the 5% rate would be available only to companies based in countries with which India had notified a double taxation avoidance agreement (DTAA) allowing it. In the absence of this, companies have to pay 10% tax on dividend income.

Catch all LIVE Updates on AQI levels in Delhi, Mumbai and other cities. BMC's methods to curb air pollution in Mumbai includes: -Installation of sprinkler system within 15 days in construction sites, and anti-smog machines within 30 days; Compulsory 35 ft iron sheet enclosures on all construction sites made mandatory; Construction sites to install independent air quality measuring devices and monitor them.

World Cup 2023 match at MA Chidambaram Stadium, Chennai. It would be the fifth match of both teams in the ICC ODI World Cup 2023. Pakistan are in the 5th spot with four points in the World Cup 2023 team table and Afghanistan is at the bottom of the table with two points.

Investors would be better off not buying afresh in beaten-down shares of city gas distributors Indraprastha Gas and Mahanagar Gas for now, said analysts. With the proposed road map by the Delhi government mandating a phased shift of all cab aggregators and delivery vehicles, to electric by 2030 seen impacting Indraprastha Gas (IGL), analysts are expecting its shares to continue underperforming in the near term.

Delhi's air quality turned «very poor» on Sunday for the first time since May 17 due to unfavourable meteorological conditions, according to monitoring agencies.

United Breweries, which controls half the country's beer market, said it is trying to regain market share, especially in the premium segment, and fix the company's fundamentals amid intensifying competition and state-specific regulatory issues. «We have a very strong innovation portfolio, but at the same time, there is enough work to be done on fixing our fundamentals and continuing to grow the business,» UB managing director Vivek Gupta said during his first earnings call after he joined the maker of Kingfisher and Heineken last month. «We are humble that we have a lot of ground to cover and put fundamentals in place.» Gupta said company executives are meeting key stakeholders in the government and state governments to understand «how the company can ease some of the barriers in the business...» In the July quarter, most companies in the sector, including UB and Carlsberg, blamed supply-chain issues and route to market changes for their low growth.

Air India Express will focus on routes which have a higher component of price-sensitive customers and leisure travellers, airline's Managing Director Aloke Singh has said. Singh also said that Air India Express is not looking at spreading its capacity all over the country in the beginning and instead will first consolidate its presence on the existing routes.

Mahua Moitra has already clarified her stand on allegations of bribe for questions raised, the party would now now await the probe by the parliamentary ethics committee as the matter has to do with «her rights and privileges». BJP MP Nishikant Dubey and lawyer Jai Anant Dehadrai have alleged that Moitra had accepted favours from Hiranandani in exchange for raising questions in Parliament.

PTI said on Sunday. The capital infusion would be based on the financial performance of the general insurers in nine months, the report also said. According to the PTI report citing sources, the finance ministry last year asked three insurers to chase bottomlines rather than topline and underwrite only good proposals.

IndiGo and SpiceJet – are listed on the bourses. The plans of GoAir to launch an IPO were cancelled, and the airline has been facing financial issues that have affected its operations since May this year. Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! Akasa, launched in mid-2022, currently operates over 750 flights per week across 16 routes.

fire: A fire broke out at a house in Harphool Singh Building near Punjab National Bank (PNB) Subzi Mandi Clock Tower due to an LPG cylinder explosion today. The Delhi Fire Service officials said sixteen people, including six children, were rescued after a fire broke out in a flat in central Delhi's Subzi Mandi area, as reported by PTI.

ANI. The statement also stated, as per the dynamic model and forecasts for weather/ meteorological conditions and air quality made available by IMD/IITM, there is a likelihood of the average AQI of Delhi dipping to the 'Very Poor' category (DELHI AQI- 3O1-4OO) on October 23 and 24, 2023 owing to unfavourable meteorological and climatic conditions.

US envoy Eric Garcetti lauds Delhi metro, says, 'Wow! you make travelling so easy!' On 19 October, Garcetti travelled in the Delhi Metro and interacted with passengers on board. He said he had a great time riding the Delhi metro for the first time and meeting fellow passengers.

Navratri and Dussehra celebrations that sweep across India, there is a village that sets itself apart with its distinct traditions. Located not far from Delhi, in Greater Noida, the village of Bisrakh refuses to partake in the customary celebrations of Dussehra, a festival where effigies of the demon king Ravana are set ablaze.

Air Quality Index was recorded (average) at 266. A day prior (Saturday), the AQI index was at 173. As per the System of Air Quality and Weather Forecasting and Research (SAFAR), air quality in Kartavya Path at India Gate was recorded at 266, IGI Terminal T3 in New Delhi at 276.

Tiger Shroff film. The second day didn't bring much relief, with earnings of only Rs 2.25 crore, reflecting a 10 percent drop in revenue, leading to a two-day total of Rs 4.75 crore.

ANI. The Durga Puja pandal showcases model of Prime Minister Narendra Modi along with world leaders and prominent international delegates who attended the event including US President Joe Biden. The pandal also showcases Delhi's Red Fort.

Israel and Hamas, killing thousands of civilians. Dozens of leaders and senior officials from the Middle East, Europe, and Africa converged on Cairo, searching for ways to prevent the Israel-Hamas war from becoming a wider conflict. UN chief Antonio Guterres pleaded Saturday for a “humanitarian ceasefire" in the war between Israel and the Hamas terror group.

air quality levels, AQI has increased in the national capital from ‘moderate’ to ‘poor’ category. According to the AQI scale, the air quality check of between 0 and 50 are is "good", 51 and 100 "satisfactory", 101 and 200 "moderate", 201 and 300 "poor", 301 and 400 "very poor", and 401 and 450 "severe" As per SAFAR, AQI at Delhi airport (T3) was registered at 273, IIT Delhi recorded 228, Noida recorded AQI at 290.

Instagram pages. The very idea of it, for a 1980s child, is confounding. I suppose a social media page can be powerful the same way a good Fifa PlayStation player can call themselves 'an important footballer'.

GRAP II, the government takes steps like increasing the parking fees to discourage the use of personal vehicles and increasing the frequency of CNG/Electric buses and metros. 1. People to use public transport and minimize the use of personal vehicles.