City Delhi Financial News

electric vehicles sold in the Indian market is bought by a woman — more than double the share of female buyers of petrol and diesel cars. Senior industry executives ET spoke with said ease of driving and ownership along with increasing environmental awareness are propelling many women to choose electric cars over those powered by petrol and diesel. With more women joining the workforce and becoming financially empowered to make decisions, the trend is expected to continue, they added.Tata Motors, the country's largest electric carmaker, said women account for 24% of its EV sales while its closest rival MG Motor India put the number at 23-24%. In contrast, women's contribution to sales of fossil-fuel cars in the country remains in the range of 11% to 12%.

NEW DELHI : The Drugs Controller General of India (DCGI) Rajeev Raghuvanshi has granted permission to three National Accreditation Board for Testing and Calibration Laboratories (NABL)- accredited private labs to conduct tests on cough syrups for exports. The private labs are: Bee Pharma Labs (Mumbai), Oasis Test House (Ahmedabad) and Shriram Institute for Industrial Research (Delhi). Prior to this, only government labs were authorised to test cough syrups for export.

NEW DELHI : The Pokémon Co. and its American partner, software developer Niantic Inc., have launched the popular mobile game Pokémon GO in Hindi. As part of the expansion plans, the companies have allocated ₹125 crore over five years for activities like advertising and marketing.

MUMBAI : Electronics giant Samsung, consulting and IT services leader Accenture and manufacturing conglomerate Larsen & Toubro (L&T) are among the early recruiters at the youngest Indian Institutes of Technology (IITs) this year, placement executives said. The compensation offered ranges from ₹6 lakh to ₹48 lakh. The IITs in Varanasi, Mandi and Bhilai, are the some of the first to start placements in September.

Arvind Kejriwal on Friday said that 450 industries from other states have shifted their operations to Punjab during the last few months and lauded Chief Minister Bhagwant Mann for his efforts. Kejriwal, also Delhi's chief minister, said Punjab is witnessing a «reverse trend» as Mann built an industry-friendly atmosphere coupled with a good law and order situation in the state. Interacting with entrepreneurs during a townhall meeting, Kejriwal said that this was contrary to the trend earlier when there was an «exodus» of industry from Punjab. The AAP national convener, who is on the last day of his three-day visit to Punjab on Wednesday, said that this was due to Mann's desire to make Punjab among the best in every sphere. Kejriwal said previous governments used to see industrialists with an eye of suspicion and always think about using them, but the present government considers them «as our partners». Bhagwant Mann has restored the faith of industrialists by providing them an industry-friendly atmosphere coupled with a good law and order situation, the AAP convener said, adding that big industrial tycoons are making huge investments in the state. Kejriwal batted for constituting sector-specific task forces, comprising of representatives of the industry and state government officers, to give fillip to growth of these sectors. Speaking at the event, Mann announced an exemption for the industry in Ludhiana giving them three years time to shift out from residential areas.

Vistara will start direct flights between the national capital and Hong Kong from October 29.

R K Arora, chairman and promoter of Supertech Group, in a money laundering case. Special Judge Devender Kumar Jangala, who was scheduled to take up the matter for consideration on Friday, adjourned the matter saying the documents were lengthy and he needed time to go through all the files before passing any decision. The Enforcement Directorate (ED) on August 24 filed the charge sheet against Arora, Supertech Group, and eight others in the money laundering case.

Delhi on Friday saw heavy rainfall and gusty winds lash the city, bringing much needed respite from a rather muggy weather. According to weather agencies, the low pressure area which was over Bay of Bengal intensified and moved inland. It now lies over Madhya Pradesh and adjoining Chhattisgarh region.

In addition to the new station, Delhi Metro will also increase the operational speed of Metro trains on Airport Express Line from 90 kilometres per hour to 120 kmph. This will help commuters save three minutes of travel time as the metro will take just 19 minutes between New Delhi and Dwarka Sector – 21 station, a Delhi Metro statement said. Passenger operations on this new extension start from 3 PM on Sunday. “With the addition of this section, the total length of the Airport Express Line from New Delhi to Yashobhoomi Dwarka Sector – 25 will become 24.9 kilometres,” the statement added. Delhi’s Airport Express Line now has seven Metro stations.

GreenCell Mobility and VE Commercial Vehicles on Friday said they have entered into an agreement for supply of 1,000 electric buses in the next five years. The two parties have signed a memorandum of understanding, which envisages VE Commercial Vehicles (VECV) supplying 1,000 Eicher electric buses to GreenCell's intercity bus business, NueGo, the two companies said in a joint statement. NueGo is already operating in over 30 cities, including Delhi, Chandigarh, Dehradun, Agra, Jaipur, Ludhiana, Bhopal, Indore, Hyderabad, Vijayawada, Bengaluru, Tirupati, Chennai and Pondicherry. «With our focus on superior uptime, backed by a strong alternate fuel programme, we look forward to our partnership with GreenCell Mobility, as we jointly endeavour to decarbonise city mobility,» VECV Managing Director and Chief Executive Officer (MD & CEO) Vinod Aggarwal said. «The collaboration strengthens our resolve to reshape the mobility landscape and lead the charge towards sustainability,» GreenCell Mobility MD & CEO Devndra Chawla said.

Here’s a quick question: What is common to former German chancellor Angela Merkel, British comedian Rowan ‘Mr Bean’ Atkinson, former president of India APJ Abdul Kalam, Microsoft CEO Satya Nadella, supermodel Cindy Crawford, first man on the moon Neil Armstrong, India’s richest businessman Mukesh Ambani, Delhi's chief minister Arvind Kejriwal, Bollywood heartthrob Vicky Kaushal, and Bloomberg founder and CEO and three-time New York Mayor Michael Bloomberg? The answer: They are all engineers. This eclectic list serves as a counter-narrative, challenging the notion that engineering no longer opens doors to opportunity, particularly in India.

Air India has introduced an integrated self-baggage drop and self-kiosk check-in service at Terminal 3 Delhi airport for domestic and international flights, becoming the first Indian carrier to do so. The service is currently available for all Australia-bound flights as well as all for all flights within India. Rajesh Dogra, Chief Customer Experience & Ground Handling Officer, Air India, said, “This facility eliminates the queue waiting time for check-in over the counters and helps travellers to nearly breeze through the airport.

Delhi High Court Thursday said existing rules on mandatory insurance cover, wearing of headgear on two-wheelers and penal action for non-compliance are already applicable to electric vehicles. The high court directed the Delhi government to continue ensuring that the subsidy offered by the government for electric vehicles registered in the national capital is being disbursed in a timely manner. The high court's order came while dismissing a public interest litigation (PIL) seeking directions to the authorities to make insurance cover compulsory for electric two-wheelers in accordance with the provisions of the Motor Vehicle Act. The PIL also sought the court's direction to the authorities for mandatory wearing of helmet on all types of electric motorcycles and scooters.

Sanjay Kumar Mishra will be attending the government agency's office as its chief for the last time today. The Centre had sought from Supreme Court of India that Mishra's tenure be extended till 15 October, which the top court granted, albeit reducing a month from the demand. The Supreme Court in July had noted that SK Mishra's tenure as the ED chief would be extended till 15 September in view of ‘national interest’.

With 400 new electric buses flagged off by Delhi C... moreWith 400 new electric buses flagged off by Delhi Chief Minister Arvind Kejriwal and LG VK Saxena from the IP State Depot on 5th September, Delhi is now ranked number 1 in the country in terms of deploying electric buses in the city.

Spicejet, on Thursday, argued that the insolvency petition filed by aircraft lessor Wilmington Trust SP Services (Dublin) Limited was not maintainable, questioning the company’s locus standi to file an insolvency petition. In another case listed before the National Company Law Tribunal, Spicejet argued that the insolvency petition filed under Section 10 of the Insolvency and Bankruptcy Code, 2016, by Celestial Aviation Services Ltd, wasn’t maintainable either. The low-cost airline informed the National Company Law Tribunal that the owner in Wilmington’s case was not the company that had filed the petition but BOC Aviation Ltd, which had transferred it to Aircaste (Ireland) Ltd and, thus, the petitioner could not be the operational creditor. “He’s not the owner of the aircraft, so in what capacity does he become the operational creditor,” senior counsel representing Spicejet stated. “Trustee is only entrusted with the property and cannot become the owner of the property,” he further said, referring to the invoices, where the account was also in Aircastle (Ireland) Ltd’s, earlier referred to as Klaatu Aircraft Leasing (Ireland) Limited, name.

The Dwarka Expressway, christened as India’s First Eight-Lane Elevated Urban Expressway on a Single Pillar, known alternatively as the Northern Peripheral Road (NPR) and National Highway NH 248BB, stands as a transformative force poised to reshape the National Capital Region (NCR) of India. Stretching across 29 kilometers, this monumental project spans 19 kilometers in Haryana and 10 kilometers in Delhi, meticulously crafted to redefine regional connectivity and establish a new benchmark for cost-efficiency in large-scale infrastructure endeavors.

Boeing and the Learning Links Foundation have joined forces to launch a groundbreaking Veteran Skilling Program tailored for Indian Army veterans stationed in Ladakh.

The Creative Arts Education Society (CAES), which operates through its constituent academic institutions under the Pearl Academy umbrella, has entered into a partnership with the Rajiv Gandhi National Institute of Youth Development (RGNIYD), an Institute of national importance under the Ministry of Youth Affairs and Sports (MoYAS), government of India. This collaboration encompasses all bachelor’s and master’s degree programmes offered at various Pearl Academy campuses, including those located in Delhi West, Delhi South, Bengaluru, Mumbai and Jaipur, according to an official release.

PTI. Additional Solicitor General SV Raju agreed to his submission. Singhvi, appearing for Sisodia also alleged that whenever this case or Satyendar Jain's case comes up, there is a newspaper article on the merits of the case.

Gurgaon based real estate developer Adore Group has acquired 10.20 acre land in sector 77 and will develop a residential project with an investment of Rs 200 crore, a senior executive said. “This is the first time in Gurgaon when a project will be based on the Greek lifestyle,” said Jetaish Gupta, Founder & Director, Adore Group. The project will have a clubhouse spread across 60,000 sq ft. The company expects Rs 1,000 crore revenue from the project, which will have 12 towers with over 700 units. Adore has delivered 20 projects with a cumulative area of 10.11 million sq.