City Delhi Financial News

G20 summit in Delhi on September 9th and 10th—an unprecedented absence. But on September 16th and 17th Wang Yi, who succeeded Mr Qin as foreign minister in late July, met America’s national security adviser, Jake Sullivan, in Malta. According to Bloomberg, they discussed a possible meeting between Mr Xi and President Joe Biden at a gathering of Asia-Pacific leaders scheduled for November in San Francisco.

India has won the bid to host the International Congress on the Chemistry of Cement (ICCC) here in 2027, where global leaders, academicians, and professionals would deliberate on progress of research in this sector, an official statement said.

Congress leader Rahul Gandhi doned a different avatar to meet railway porters at Anand Vihar ISBT in Delhi on Thursday. While discussing their trials and tribulations, Congress leader wore porter dress and badge.

₹59,3155 per 10 gm on Multi Commodity Exchange (MCX), and went on to hit an intraday high of 59,315, and a low of ₹59,004. Around 10:05 a.m., MCX Gold for October 5 delivery traded 0.60 per cent lower at ₹59050 per 10 grams. Silver price today opened slightly higher at ₹72,970 per kg on MCX and went on to hit an intraday high of ₹72,970, and a low of ₹72,195.

International Trade Show 2023 will take place from 21 to 25 September at the India Expo Centre and Mart in Greater Noida. More than 2,000 exhibitors will showcase their products to entrepreneurs and exporters from the country and around the world. The products will cover diverse sectors, namely ODOP (one district one product), healthcare, food processing, pharma, dairy, electronics and e-commerce.

Nvidia Corp. Chief Executive Officer Jensen Huang visited four cities, dined with tech executives and researchers, took numerous selfies, and sat for a one-on-one conversation with Prime Minister Narendra Modi about the AI sector. Huang’s India itinerary was so crammed that he confessed to surviving entire work days on spicy masala omelets and cold coffees. Huang may have been treated like a head of state, but the trip’s purpose was all business. For Nvidia, whose graphics processors are vital to the development of artificial intelligence systems, the South Asian nation of 1.4 billion people presents a rare opportunity.

Emami Group’s AMRI Hospitals for around ₹2,300 crore, a person in the know said. As part of the deal, Manipal will pick up an equity stake as well as assume a portion of AMRI’s debt. In FY23, AMRI reported revenue of about ₹1,000 crore, which will enhance Manipal’s revenues for the year, estimated at ₹4,500 crore, said the person seeking anonymity.

₹21.6 crore compensation, including ₹14.28 crore for damages to the airline’s reputation due to flight cancellations, rescheduling and grounding, ₹6.96 crore for loss of operational profits, and ₹36 lakh related to the pilots’ training agreement. Separately, the airline has also approached the civil aviation regulator, Directorate General of Civil Aviation.

Delhi court will start hearing on October 13 the arguments on whether to frame charges against Congress leader Jagdish Tytler in a case related to the Pul Bangash killings during the 1984 anti-Sikh riots. Special Judge Vikas Dhull, who was scheduled to start the proceedings on Wednesday, adjourned the matter on a prayer made by the counsel appearing for the accused. The counsel prayed for adjournment, claiming that he needed time to approach the authorities concerned for certified copies of certain documents related to the case. Tytler appeared before the court during the proceedings. The judge allowed the accused's plea after the CBI did not oppose the submissions. «The counsel prayed for an adjournment.

Justin Trudeau had to swelter in Delhi till last Tuesday because his plane failed him. Coming after an unusually public dressing down by Prime Minister Narendra Modi, his outburst on Tuesday accusing India of killing Khalistan leader Hardeep Singh Nijjar sealed his now-dead relationship with India. Canada is where wokeness and brightly patterned socks find their illogical home. Which would have been idyllic if their political parties were not so welcoming of bad guys of many stripes.

₹21.6 crore in compensation. In addition, it has approached the DGCA and agreed with them to request the High Court of Delhi to pass orders for implementing the interim order in relation to mandatory contract notice period requirements by pilots.

high net worth individual (HNI ), a fluid way of life — the freedom to move unfettered worldwide — is the ultimate luxury. It’s the final step to becoming a successful global citizen. Kristin Surak, associate professor of Political Sociology at the London School of Economics, UK, and author of 'The Golden Passport: Global Mobility for Millionaires', says that India has one of the lowest ranks when it comes to visa-free access, so travel for Indian citizens can be incredibly challenging. “And it’s not just entering, even transiting through countries can be a challenge,” she says, recounting how a colleague had to pay an extra 1,000 pounds to fly from Delhi to London because he couldn’t transit through certain countries using only his Indian passport. “An extra thousand pounds multiplied by 100 times — that is the cost of a foreign citizenship.”

Police said the shop owner was charging the two-wheeler battery when it exploded around 11.45 pm on Tuesday. They said the shop is owned by Raju Sahu, a resident of Kalkaji. «He had put the battery of the scooter on charging near an aquarium inside his shop. The battery exploded.

As weekends approach, more and more people are opting for road trips using services like Zoomcar, DriveU, and QuickRide during the period leading up to the festive season. Simpl, a payment platform, has reported that the number of bookings on these merchant platforms, made through its one-tap checkout, has doubled in August this year compared to the same time in 2022. Reportedly, out of the different ways to travel, more and more people are choosing to rent self-driven cars.

C-295 transport aircraft of the Indian Air Force landed at Air Force Station, Vadodara, on Wednesday. The aircraft was flown by Group Captain PS Negi and landed today after taking off from Bahrain, news agency ANI reported quoting IAF officials. The aircraft would be formally inducted into the Indian Air Force by Defence Minister Rajnath Singh at a ceremony scheduled on September 25 at the Hindan airbase near Delhi.

Jio AirFiber – could create a whopping $4 billion to $9 billion annual revenue opportunity if it sees wide acceptance of around 50-to-100 million homes, say analysts. They added that the current pricing of Jio AirFiber is not disruptive versus competition as rival Bharti Airtel’s comparable 100 Mbps 5G-FWA offering is at a 12% discount, albeit without digital channels and OTT apps. While Airtel’s FWA service is at a 33% premium to Jio AirFiber’s base plan of Rs 599 a month, it offers faster speeds of 100 Mbps compared to 30 Mbps on Jio’s. “Jio has ambitious plans with Jio AirFiber, with a target of 200 million homes…if there is wide acceptance of 5G FWA with bundled home entertainment services, it could be a significant revenue opportunity, especially as (home) broadband average revenue per user (ARPU) at Rs 600, is 3-4x higher vs mobile,” brokerage CLSA said in a note. A 5G-based FWA service uses airwaves instead of cables/fibre to provide fixed broadband access, using a next-gen mobile broadband technology.

BJP Mahila Morcha's Delhi unit on Wednesday thanked Prime Minister Narendra Modi and parliamentarians for introducing the Women's Reservation Bill in the Lok Sabha. Mahila Morcha leaders and workers gathered near Rail Bhawan and 15 other places in the Parliament building's vicinity and expressed their gratitude for fulfilling a long-pending demand of the country's women, said Richa Pandey, the organisation's Delhi unit chief. «We thank Prime Minister Narendra Modi for a dignified introduction of the bill in the Lok Sabha that faced hurdles for so many years,» Pandey added. The government on Tuesday introduced the Narishakti Vandan Adhiniyam, reserving 33 per cent seats for women in the Lok Sabha and state assemblies, reviving a bill pending for 27 years and blending history, politics and societal imperatives on the first day in the new Parliament building. However, provisions in the bill make it clear that the reservation will come into effect only after the delimitation exercise, or the redrawing of constituencies, taking into account data of the census conducted after it becomes a law.

goods and services tax network (GSTN), the technology support for goods and services tax (GST), has enabled geocoding for businesses across all states and union territories, a move which will make it easier to eliminate fake registration or to locate a tax evader. «GSTN is pleased to inform that the geocoding functionality for the „Additional Place of Business“ address is now active across all States and Union Territories,» GSTN said in an advisory issued on Wednesday. Launched in February this functionality was running on a pilot basis in Delhi and Haryana. This technology enables tax agencies to accurately identify the geographical coordinates of properties, businesses, and taxpayers and will help them identify the exact location of the taxpayers addresses. Also this will allow the determination of the exact location of registered entities and will ensure address details in GSTN records are streamlined leaving less scope for fake GST address and registration. Heat maps and spatial analysis tools can reveal clusters of tax irregularities, helping enforcement agencies allocate their resources more effectively «Geocoding functionality plays a crucial role in apprehending tax cheats by providing tax authorities with precise location data,» Rajat Mohan, Senior Partner, AMRG and Associates said. «By leveraging geocoding, tax authorities can enhance their auditing and enforcement efforts, ultimately contributing to fairer and more efficient tax collection processes,» Mohan added. So far GST Network has geocoded 2.05 crore addresses of registered businesses to verify genuine registrations and provide accurate data in GSTN records.

climate tech startup Aurassure has raised Rs 4 crore in a seed round led by Unicorn India Ventures. The funds will be deployed to strengthen product capabilities by creating a data analytics team, acquiring product certifications for international scaling, and sales team expansion for growing reach to multiple cities, it said in a statement.

Nijjar killing row. The Sikhs for Justice has been banned in India since 2019. The video of SFJ’s legal counsel Gurpatwant Pannun asking Indians to leave Canada went viral on the internet.

BL Kashyap rallied over 6% to Rs 57 in Wednesday's trade on BSE after the company secured a new order aggregating to approximately Rs 167 crore, from the Delhi International Airport. The order is for the construction of structural works and other finishing works and is to be executed in 18 months. The company's total order book, as of now, stands at Rs 3,005 crore, excluding GST. Earlier in July, the firm had secured a Rs 369 crore order from DLF Home Developers. In June, it also secured an order aggregating Rs 147 crore from Nzuri Pune Knowledge Park Private Limited. At 11.02 a.m., the scrip was trading 1% higher at Rs 55.