City Delhi Financial News

₹5-6 lakh, which is on the higher side. We will look at how to incentivise it." The Delhi minister noted that last-mile connectivity is another focus for the government.

industrial and warehousing demand in the city increased to 1.8 million sq ft in Q3 2023 from 0.5 million sq ft in the year-ago period. The city was followed by Mumbai, where the demand increased by 128 percent from 0.5 million sq ft last year to 1.2 million sq ft. Pune registered a moderate growth of 22 percent as the demand increased to 1.6 million sq ft from 1.3 million sq ft a year-ago.

Supreme Court on Friday refused to entertain a plea of the Bharat Rashtra Samithi (BRS) challenging the Election Commission's move to allot two local parties of Telangana election symbols which are «deceptively similar» to its 'car' symbol. A bench comprising justices Abhay S Oka and Pankaj Mithal did not agree with the submissions of the counsel for BRS, the ruling part of Telangana, that these poll symbols will cause «serious prejudice» to it as a political party.

Canada removes 41 diplomats from India amid escalating diplomatic tension In-person consular services will remain available at the Canada high commission in the capital New Delhi. Canada has withdrawn 41 diplomats from India this week.

ANI reported. "Since we have waited for two years, we can wait for a few more days. If we do not get an appropriate response by October 31, Trinamool Congress will organise a larger movement from November 1.

₹408.25. MGL, on the other hand, lost 8 percent to its day's low of ₹1,032.75. The sentiment was also weakened after global brokerage house Jefferies downgraded IGL and cut its target price.

RapidX train - 'NaMo Bharat' - connecting Sahibabad to Duhai Depot, onboard the train. Ahead of the launch, the local residents spoke to news agency ANI and said that the initiative will give better travel connectivity and experience.

PTI. Google will partner with international contract manufacturers to make phones in India said Senior Vice President for Devices and Services Rick Osterloh.

Also Read: US is India’s ‘optimal choice’ as a partner, says Jaishankar Garcetti recently said the “great minds" back in his homeland and India can find more paths to peace, ANI reported. "I'm so proud to see the United States of America and India working together for a more peaceful world.

Supreme Court Thursday held 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 just on the most favoured nation (MFN) basis. A bench led by Justice Ravindra Bhatt held that international treaty practices are not enforceable in India unless the government notifies them, a ruling that experts said will have wide ramifications for the industry. «The decision of the apex court will have wide repercussions for the industry and could result in millions of dollars of additional tax revenue for the government,» said Amit Maheshwari, tax partner, AKM Global, adding that it could also entail reopening of past cases in form of fresh action by tax authorities. The top court set aside a 2021 Delhi High Court ruling that allowed Nestle SA, Concentrix Services, Steria and others a concessional withholding tax rate of 5% on dividend income from their Indian arms, extending the MFN clause in the OECD. The court also made it clear that preferential treatment given to a country under a double taxation avoidance agreement did not automatically get extended to other member countries unless the earlier treaty with them was amended. Experts said other countries could also revisit the position on benefits under these treaties.

NEW DELHI : Singapore is in talks with India to build industrial training and skilling institutes in India, according to persons aware of the matter. Skill development was made a key pillar of the strategic partnership between the two countries during education minister Dharmendra Pradhan’s visit to Singapore in May.

development or protecting the environment? The dice are loaded on the side of development, such as quality infrastructure, because there is a genuine need and demand for it. Besides, since development can be 'seen', it garners political dividends. But what about the environmental impact of runaway, untrammelled development? Moving away from the old 'development vs environmental protection' binary, the contours of the debate themselves are now, thankfully, changing. A recent Delhi High Court order takes a step at restoring balance in that debate, giving citizens a chance to make an informed choice between development-at-all-costs and development that keeps quality of life and environment firmly in all equations.

DDA E-Auction For Prime Plots: The Delhi Development Authority (DDA) on Wednesday said that it will hold a mega e-auction in the National Capital next month. The auction will be launched on November 7 and will conclude on November 9, as per the official announcement by the Delhi Development Authority. The 18th e-auction includes prime plots for CNG pumps, kiosks, mobile towers among other things.

In the pulsating heart of India’s real estate market, a distinctive trend is reshaping the landscape – the surge in demand for sustainable luxury properties. This surge is not merely a market fluctuation; it’s a response to the conscientious desires of homebuyers, both domestic and international. In the wake of rising disposable incomes, an inclination towards opulent living, and the rapid urbanization of Indian cities, the Indian luxury real estate market is experiencing an unprecedented boom.

₹139,999. Its open sale will begin from October 27. The foldable smartphone comes in two colours -- Vulture Black and Emerald Dust.

Airports Authority of India (AAI), the Delhi Pollution Control Committee and others to file their objections within two weeks to the maintainability of a plea seeking directions for prohibiting landing and take-off at airports in the national capital at night. The NGT was hearing a petition which sought directions to ban landing and take-off, except for international flights, at the Indira Gandhi International (IGI) Airport and all other airports located within the city limits from 10 PM to 6 AM due to noise pollution.

Delhi: Trains of the Regional Rapid Transit System (RRTS), to be inaugurated by Prime Minister Narendra Modi on Friday, will be known as 'Namo Bharat', official sources said. The 17-km priority section of the Delhi-Ghaziabad-Meerut RRTS Corridor is slated to be opened for passengers on October 21, a day after its inauguration.

Mankind Pharma entered the sector with the Courtyard by Marriott Aravali Resort, and added The Westin Rishikesh Resort & Spa earlier this year. Kaushalya Logistics is venturing into hospitality by building a 200-room Holiday Inn hotel on Delhi-Mumbai highway in Udaipur.

₹54,550 crore in the state since September, chief minister Pushkar Singh Dhami said. Speaking to reporters here, Dhami said that the investment commitments have been made by companies in various sectors including tourism, pharmaceuticals, health and wellness, education and agro-processing during his recent visits to London, Birmingham, Dubai, Abu Dhabi and New Delhi. Uttarakhand will hold a global investor summit from 8-9 December.

Ghaziabad-Meerut RRTS Corridor, India's first Regional Rapid Transit System, will be operational from October 21, according to officials. The priority section, spanning from Sahibabad to Duhai Depot, will be inaugurated by Prime Minister Narendra Modi. Commuters traveling from Sahibabad to Duhai Depot station on this 17-km section will be charged Rs 50 for a one-way journey.

Supreme Court on Thursday issued notice to Delhi police on pleas filed by NewsClick founder and Editor-in-Chief Prabir Purkayastha and website's human resources head Amit Chakraborty challenging their arrest under Unlawful Activities (Prevention) Act (UAPA) over alleged Chinese funding to promote anti-national propaganda. On October 16, the top court agreed to list the matter urgently after Kapil Sibal mentioned it before the bench headed by Chief Justice DY Chandrachud. The CJI had asked Sibal to circulate the case papers and said he would take a call on urgent listing of the matter. The Delhi High Court had on October 13 dismissed their pleas against arrest and subsequent police remand in the case. Both were arrested by the Special Cell of the Delhi Police on October 3. They subsequently moved the high court challenging the arrest as well as the seven-day police custody, and sought immediate release as interim relief.