City Delhi Financial News

Delhi: The government on Tuesday set rabi foodgrains production target at 161.2 million tonnes (mt). The national target for total food grains production for the 2023-24 (July-June) crop year is 332 mt. As per the government’s third crop estimate, India’s foodgrain production in 2022-23 is pegged at 330.5 mt.

Singapore Airlines on Tuesday said it aims to complete the merger of Vistara with Air India «as soon as possible» subject to remaining approvals from relevant authorities. Once the proposed merger, which was approved by the Competition Commission of India (CCI) on September 1, is complete, Singapore Airlines will have a 25.1 per cent stake in Air India.

air purifiers, a technological solution to combat indoor air pollution and safeguard our well-being. The advent of air purifiers gained significant traction, especially in the wake of the Covid-19 pandemic. These devices not only help shield us from harmful viruses but also address the everyday challenge of airborne dust particles and pollution.

Signature Global is commanding a GMP of Rs 41 in the unlisted market. Compared with the upper price band of Rs 385, the shares are expected to fetch 10% premium on debut. However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly. «The company has a loss-making history and faces concentration risk.

Tulika Maan missed out of a chance to win a medal after going down to Mongolia's Amaraikhan Adiyasuren in the bronze-medal play-off of the women's +78kg event at Asian Games here on Tuesday. The 25-year-old from Delhi, a silver medallist at the 2022 Commonwealth Games, lost to Adiyasuren 0-10 by ippon at Xiaoshan Linpu Gymnasium here. Earlier, Tulika knocked out Macao's Qing Lam Lai 10-0 in just 15 seconds with an ippon.

₹90,567 in Delhi. This motorcycle can be found at all Honda Red Wing dealerships nationwide for a limited time, and bookings are already underway. The model gets a sporty aura through its distinctive and sharp design.

India and Canada. The recent assassination of gangster Sukha Duneke in Winnipeg, Canada, has brought this simmering feud to international attention, shedding light on the complex web of violence and criminal activity that spans continents, a TOI report stated. Duneke, who was brutally gunned down with nine shots to the head, reportedly fell victim to a vendetta orchestrated by incarcerated gangster Lawrence Bishnoi.

burglary in the national capital, thieves decamped with jewellery after creating a hole in the wall of the strong room of a shop in the Bhogal area with the owner stating that it had “jewellery worth around Rs 20-25 crores”. Delhi Police said it was a “big incident of burglary” and that they were conducting an investigation. Sanjeev Jain, owner of the jewellery shop in the Bhogal area which was burgled, told ANI that they closed the shop on Sunday and when they opened it on Tuesday there was a lot of dust in the entire shop. He said the CCTV camera had been damaged. “We closed the shop on Sunday and when we opened it on Tuesday after an off on Monday, we saw that there was dust in the whole shop and there was a hole in the wall of the strong room… We think they (thieves) have looted everything.

Pieter Elbers, CEO, IndiGo, tells ET Now about the airline's plans going forward. Edited excerpts:ET Now: Give us an idea of the airline's expansion strategy...Pieter Elbers: Over the past five-six weeks we have added new flights from Mumbai, we have started operations from Mumbai to Nairobi. We have started Mumbai to Jakarta and as recently as this weekend we have launched flights from Delhi to Tashkent and Almaty. So we have expanded from a little over 20 destinations to 32 now.

Delhi Metro coach. Notably, lighting up a cigarette or beedi in the metro is an act that can lead to legal repercussions. The incident came to light through a video that has rapidly made rounds on social media platforms.

PTI. The sources also said that the new policy is yet to be announced by the Delhi government. The government had returned to its old excise policy after scrapping its new policy following Lieutenant Governor V K Saxena in July 2022 recommended a CBI probe into alleged irregularities in its implementation.

heavy rain lashed parts of the Vellore district. The District Administration has suspended classes for std 1-5 in Vellore and Ranipet district schools due to the rainfall.

Abcoffee has secured $2 million in a seed funding round led by venture capital firm Tanglin Venture Partners. The round also witnessed participation by 100x.vc, Panthera Peak and OTP Venture Partners, in addition to several other angel investors. The Mumbai-based company said it aims to deploy the funds raised to enhance its tech stack, expand its product range, and increase accessibility to its affordable speciality coffee through its retail ‘grab-and-go’ outlets.

Also read: Rozgar Mela: PM Modi distributes 51,000 appointment letters to paramilitary recruits; calls them Amrit Rakshak The Rozgar Mela will be held at 46 locations across the country. The newly inducted appointees will get an opportunity to train themselves through Karmayogi Prarambh, an online module on the iGOT Karmayogi portal, where more than 680 e-learning courses have been made available for ‘anywhere any device’ learning format.

Telangana K T Rama Rao on Monday said a strong people's movement would emerge in the southern states if the exercise of delimitation leads to a decline in the number of seats. He was responding to reports indicating a decline in number of Lok Sabha constituencies in the southern states following delimitation if seats are revised on the basis of projected population for 2026. «This delimitation (if the numbers reported are right) will lead to a strong people's movement in the entire Southern India.

power ministry has allocated 179 MW of power to Assam from Dadri-I Plant of NTPC In a letter Hausuanthang Guite Under Secretary to the Chairperson, Central Electricity Authority stated, “In view the power relinquished by Government of Delhi in NTPC Dadri-l Plant and the request of Government of Assam, it has been decided to allocate the 179 MW Power (currently allocated to Haryana upto 30.09.2023 vide allocation order dated 28.10.2022) of NTPC's Dadri-l Plant to Assam w.e.f. 01.10.2023 for a period of one year at CERC determined tariff.The beneficiary is required to sign PPA and enters into commercial arrangements/ maintains LC with the allocated power”. Assam Chief Minister Himanta Biswa Sarma called on Union Power Minister, RK Singh recently.

MGNREGA scheme in Bengal. Trinamool leader Abhishek Banerjee, ahead of the programme in the national capital, will hold meetings with district leadership, party workers and people, who are also scheduled to join the protest in Delhi, across the state through virtual meetings to create awareness about the protest, people in the know said. Trinamool Supremo Mamata Banerjee and all other top leaders are scheduled to participate in the protest programme in New Delhi at Rajghat on October 2 and in front of central minister Giriraj Singh's residence on October 3. The party leadership has written to the Delhi police on September 6, seeking permission to hold a protest rally in the national capital, which was denied police permission at Ramlila Maidan, sources said. The party leadership has instructed all the ministers and all MLAs to participate in the programmes, which will be conducted state-wide.

Homebuyers are a distressed lot. Their equated monthly instalments have been ballooning ever since a flurry of rate hikes by the Reserve Bank of India over the last one year. And many of them decided to immediately prepay part of their home loans, even if that meant breaking their fixed deposits and other investments. Take the case of Delhi-based lawyer Prasouk Jain, who saw his home loan interest rate jump from the sanctioned rate of 6.4% to 9.2% in just 15 months on the back of successive repo rate hikes. He, too, made a part-prepayment of the loan to mitigate the impact. He also negotiated with the bank for a lower rate of 8.4%.

One Nation-One Grid-One Frequency," said Puri. Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! Hailed as the fuel of the future, Hydrogen holds immense potential in helping India achieve its decarbonization targets.

By Group Captain Praveer Purohit (retd)

Supreme Court on Monday told former Delhi minister Satyendar Kumar Jain, an accused in a money laundering case, to not make pendency of the proceedings before the apex court a ruse to delay the trial in the case. A bench of Justices AS Bopanna and Bela M Trivedi, which extended Jain's interim bail till October 9, made the remark after the Enforcement Directorate complained about the AAP leader seeking repeated adjournments in the trial court. «It is made clear that pendency of proceedings before this court or any reason shall not be used as an excuse or ruse to defer proceedings before the trial court, but the petitioner would diligently take part in proceedings before the trial court and allow the case to progress,» the bench ordered. At the outset, a counsel appearing for Jain sought a short adjournment in the case, saying senior advocate Abhishek Singhvi, who usually represents the former minister is unavailable. Additional Solicitor General SV Raju, appearing for the Enforcement Directorate, did not oppose the request but said Jain was seeking repeated adjournment of proceedings to delay the hearing before the trial court. Requesting the court to order Jain to not seek any further adjournments before the trial court, Raju submitted, «As many as 16 dates have been taken in trial court just to get documents under Section 207 of the Code of Criminal Procedure (supplying copies of statements recorded by the police, relevant documents, or extracts from the documents to the accused).