City Delhi Financial News
14.09 / 14:39
UPS
Citi
Aware
Manufacturing
Action
BURST
NOT
Firecracker ban: Supreme Court asks Delhi police not to issue licences for sale, storage
air pollution including in the Delhi-NCR region, the report said. "We have to see what level of work has been done over the years and whether any additional directions are required to be issued. We see that most of the aspects have been taken care of by various orders passed by this court from time to time," PTI quoted the bench observation.
14.09 / 14:15
Target
Hallmark
country
‘Aaj Modi ko itni mehnat nahi karni padhti…’: PM Modi attacks Congress
toh aaj Modi ko itni mehnat nahi karni padhti [then Modi wouldn’t have to work this hard today]’. Speaking at the function, PM Modi said, “Congress gave a guarantee of empowering the poor of the country... If Congress had fulfilled its guarantee, toh aaj Modi ko itni mehnat nahi karni padhti...Modi had guaranteed that he would empower the poor of the country and today you are seeing the results.
14.09 / 08:39
UPS
IPO
Booking
AXY
band
Initial public offering
Realty developer Signature Global to raise Rs 730 crore through its initial public offering
Signature Global has proposed to raise Rs 730 crore through its initial public offering which will open on September 20.The company had filed the draft red herring prospectus with capital markets regulator SEBI in July last year. Price band for Signature Global (India) Limited is fixed at Rs 366 to Rs 385 per equity share of face value of Rs 1 each and the offer will close on Friday, September 22, 2023. Bids can be made for a minimum of 38 equity shares and in multiples of 38 equity shares thereafter. ICICI Securities Limited, Axis Capital Limited and Kotak Mahindra Capital Company Limited are the book running lead managers to the offer. Signature Global (India) Ltd. started operations in 2014 through its subsidiary, Signature Builders Private Limited, with the launch of Solera project on 6.13 acres of land in Gurugram, Haryana. As of March 31, 2023, it had sold 27,965 residential and commercial units, all within the Delhi NCR region, with an aggregate saleable area of 18.90 million square feet. The company's investor base includes IFC and HDFC Capital Advisors who participated in multiple rounds of capital raise undertaken by the Company. According to the red herring prospectus, which was filed on Tuesday, the total size of the IPO is up to Rs 730 crore, comprising fresh issue of shares up to Rs 603 crore and offer for sale of up to Rs 127 crore. The company said it plans to utilise Rs 264 crore for repayment or prepayment of certain borrowings, in full or in part.
14.09 / 08:23
AXY
Entertainment
COMPOSITE
Sony
After IDBI Bank, now Axis Finance files plea in NCLAT against NCLT nod for Zee-Sony merger
Zee Entertainment has been served with an appeal by Axis Finance against it in the NCLAT, Delhi challenging the NCLT's nod for its merger with Culver Max Entertainment, formerly known as Sony Pictures Networks India, the company said in a stock exchange intimation on Thursday. The Mumbai bench of the National Company Law Tribunal on August 10 granted approval l to the composite scheme between Zee, Sony, and Bangla Entertainment, a subsidiary of Sony. The NCLT had dismissed the objections raised by several lenders of ZEEL, including IDBI Trusteeship, IDBI Bank, Axis Finance, JC Flowers Asset Reconstruction Co and Imax Corp. Now, this order has been challenged before the NCLAT.
14.09 / 07:15
UPS
Waters
Career
Remark
Discover
How a 30-year-old Jaipur poet overcame a debt of Rs 50 lakh
Anamika Joshi, a native of Kerala, has overcome the shackles of debt to become a renowned spoken word artist. Anamika's story began in the small district of Alupura, Kerala, but her family's quest for a better life led them to Jaipur after she completed her 12th grade. The driving force behind this move was her father's overwhelming debt, which had spiraled out of control, subjecting him to constant harassment and threats from creditors.
14.09 / 04:47
UPS
MET
BAY
Orange
country
Weather update: IMD predicts very heavy rains in Odisha, Chhattisgarh, MP and THESE states today. Check forecast
Weather update: The India Meteorological Department (IMD) has predicted very heavy rains in several parts of the country including Central, East India, West India are likely to witness very heavy rains in the coming days due to low-pressure condition building over the northwest and west-central Bay of Bengal. In Uttar Pradesh, IMD Lucknow has predicted rain, lightning thundershowers at some places on 14 September at many places in Eastern Uttar Pradesh and Western Uttar Pradesh.
14.09 / 04:33
Citi
Target
Booking
Strategy
Yellow
Indian
Gold Prices
Gold Rate Today: Gold prices in India slip on US inflation uptick. Check price of yellow metal in Delhi, Ahmedabad, and other Indian cities
However the losses were capped on account of slippages in dollar index (DXY) which was hovering around 104.69 against a basket of six top global currencies, down by 0.07%. The MCX October gold futures were trading down by Rs 45 or 0.08% from the Wednesday's closing price at Rs 58,548 per 10 gram on the MCX while the December Silver futures were trading at Rs 71,160 per kg, higher by Rs 259 or 0.61%. On Comex, Gold futures were trading at $1,934 per troy ounce on Thursday, down by $1.10 or 0.06% while Silver futures were at $23.215, higher by $0.187 or 0.800%. The October Gold futures had ended with declines of Rs 31 or 0.05% per 10 gram at Rs 58595 on Wednesday while the December Silver futures closed lower at Rs 71,410, down by Rs 524 per kg or 0.73%. Amit Khare Associate Vice President at Ganganagar Commodity Limited (GCL) Broking sees bullions making bottom on the daily charts and trading near demand zone with momentum indicator RSI indicating the same. His advice to investors is to make fresh buy positions in gold and silver futures near the support level of Rs Rs 58,500-58,300 while recommending profit booking near the resistance level of Rs 58,800-59,000. Gold futures are down 1.32% or by Rs 781 on the month-to-date basis while they have gained 6.50% or by Rs 3,576 on the year-to-date basis, Anuj Gupta, Head Commodity & Currency at HDFC Securities, of HDFC Securities told ETMarkets. As for silver futures, the declines are to the tune of 5.63% or Rs 4,263 in September while the gains this year stand at 2.89% or Rs 2,006, he said. The physical price of gold in top Indian cities like Delhi and Ahmedabad is around Rs 59,700 per 10 gram while Rs 72,500 for silver.Click to know more Intraday Trading Strategy by Anuj
14.09 / 04:33
Citi
Lowe's
Silver
Gold and silver prices for today—September 14. Check latest rates in your city
₹58,550 per 10 gm on Multi Commodity Exchange (MCX), and went on to hit an intraday high of 58,557, and a low of ₹58,527. Around 9.30 a.m., MCX Gold for October 5 delivery traded 0.10 per cent lower at ₹58534 per 10 grams.
14.09 / 04:33
COST
Citi
MET
Align
Metro
Dwarka Expressway corridor could become NCR's Manhattan
Dwarka Expressway corridor may soon boast of some of the tallest buildings in the National Capital Region, as the Haryana government is granting an extra floor area ratio (FAR) to promote real estate development along the under-construction expressway. The Haryana government is introducing a new metro line along the expressway, enabling developers to expand under the Transit-Oriented Development policy even as there are height restrictions for buildings elsewhere in the NCR. State government officials have also met with developers in Mumbai and Bengaluru to showcase the development opportunities along the Dwarka Expressway. «Due to the metro line and upcoming global city planned by the Haryana government, the developers on the Dwarka Expressway can plan vertical development, which is not possible in the majority of the NCR. In coming years, we will see the development of utilising the policy benefits for high-rises,» said Mudassir Zaidi, executive director, North at real estate consultancy Knight Frank India. Any building with a height of more than 150 metres meets the tall-building classification.
13.09 / 22:17
stage
Delhi govt gives nod to BS VI-compliant diesel vehicles for inter-state stage carriage
Delhi government will allow the registration of all BS VI-compliant diesel vehicles for inter-state stage carriage in the national capital. In an order on July 24, the Supreme Court had modified its previous order to pave way for the registration of all BS VI-compliant diesel vehicles in Delhi, irrespective of their requirement for the G20 summit. Citing the judgement of the apex court, an order issued by the Delhi Transport Department said, "… the competent authority is pleased to allow the registration of all BS VI compliant Diesel vehicles in GNCT of Delhi for Inter-State Stage Carriage, All India Tourist Permit (AITP) holders having capacity of more than 7+1 persons, coaches, buses." The Delhi Taxi and Tourist Transporters' Operators' Association, in a statement, welcomed the decision, even as it took exception at the delay in issuing of the order by the Transport department. «We welcome the decision.
13.09 / 20:07
UPS
Flour mills under FCI scanner as wheat prices continue to rise
flour mills hold more wheat than what they have declared, according to sources, as the government steps up efforts to control its stubbornly high prices. A large number of flour millers confirmed to ET that FCI officials have been checking wheat stocks held by the mills. The FCI sells wheat to flour mills and other bulk consumers under the open market sales scheme (OMSS) to keep domestic prices down. In June, it had offered 1.5 million tonnes of wheat under this scheme.
13.09 / 19:51
UPS
Provident
Aware
Action
Fighting
Airlines
Go First lenders jittery on interim finance
MUMBAI : Lenders to Go First have turned wary of extending more loans to help the grounded airline return to skies, two people aware of the matter said, given the protracted legal battle between the company’s lessors and the resolution professional. The banks had agreed to grant an interim financing of ₹600-700 crore to help the low-cost airline take off with a lean fleet and stay afloat. “The lenders have already disbursed an interim financing of ₹100 crore to Go First," one of the two people said on condition of anonymity.
13.09 / 19:51
Aviat
Waters
Airlines
Parke
Discover
cover
Plane neglect: Go gets notice
New Delhi: The Delhi high court on Wednesday issued notices to Go First’s Resolution Professional (RP) and the Directorate General of Civil Aviation (DGCA) in response to pleas filed by aircraft lessors regarding inadequate aircraft maintenance. BOC Aviation (Ireland) Ltd, ACG Aircraft Leasing Ireland, and DAE 13 Ireland Designated Activity Co. submitted new applications after discovering their parked aircraft in poor condition during inspections.
13.09 / 19:51
UPS
VISA
track
country
‘Indian tourists to S. Africa could soar with direct flights’
Indian tourists annually before the pandemic, South African Tourism anticipates a large resurgence in Indian travellers due to a new e-visa pilot programme. Neliswa Nkani, hub head for the Middle East, India, Southeast Asia, and Australasia (MEISA) for the tourism board, said the introduction of a direct flight by Air India could boost tourism, potentially transforming how Indians travel to South Africa. Nearly 100,000 Indians travelled to South Africa every year before the pandemic began in 2019.
13.09 / 18:27
COST
BLOCK
voice
Delhi concerned over Russia oil output cuts
NEW DELHI : India is concerned about Russia’s successive crude production cuts to comply with the Opec+ agreement by curtailing production even from assets where Indian state-run firms are stakeholders, two people close to the matter said. “The Russians have reduced production as part of Opec+. However, India is not a part of it, yet production is being reduced wherein foreign entities are partners.
13.09 / 17:07
UPS
FIVE
Received hoax calls of terror attacks, 38 complaints about drones: Delhi Police on PCR arrangements during G20 Summit
Delhi Police received hoax calls about terrorist attacks in the national capital and 38 PCR (Police Control Room) calls complaining about drones flying over the residential areas during the G20 Summit this weekend. «We received 38 calls complaining against drones that were flown in different areas of Delhi. There were also one or two calls regarding terrorist attacks.
13.09 / 16:11
CEO
Platform
Mobile
Fyn partners with Euler Motors to procure 2,000 fast charging 3-wheeler EVs
Fyn on Wednesday said it has formed a strategic partnership with Euler Motors to procure 2,000 fast charging 3-wheeler EVs. The order will fuel the company's plans to expand to new geographies within the domestic market, including Mumbai, Delhi, and Coimbatore. Fyn also said it has secured funding from Malaysian energy group Petronas-backed Gentari for the entire order from Euler. Euler Motors is all set to deliver 2,000 units of its flagship electric three-wheeler HiLoad over the next 18 months, the company said in a statement. Gentari aims to establish a Vehicle-as-a-Service (VaaS) fleet in India, Malaysia and APAC to drive sustainable mobility switch and adoption, and is looking to have a 10 per cent market share of charging points and EVaaS across key markets in APAC, including India, Fyn said.
13.09 / 15:51
Manufacturing
Strategy
Delhi HC upholds OMCs tender conditions for LPG cylinders
Indian Oil Corp Ltd, Hindustan Petroleum Corporation Ltd and Bharat Petroleum Corp Ltd – for their tenders for procurement of LPG cylinders. Under the eligibility criteria of the tenders, cylinder manufacturers having common business ownership or management, including sister companies, could submit only a single bid. This was challenged by a batch of petitioners led by Silica Udyog India and its sister concerns on the grounds that the eligibility criteria were arbitrary and curtailed the capacity of each manufacturing unit owned by them to independently participate in the tender process.
13.09 / 13:51
COST
Software
Align
Metro
electronic
Indigenous
Deal
DMRC, BEL ink deal to develop indigenous communication-based train control system
Bharat Electronics Limited (BEL) on Wednesday joined hands to develop an indigenous communication-based train control (i-CBTC) system, officials said. The team has commenced work at the i-CBTC lab of the Delhi Metro Rail Corporation (DMRC) and will soon develop and deploy a prototype i-CBTC product on a «designated test track» within the DMRC network, they said. With this partnership, the Delhi Metro and BEL are set to «usher in a new era of rail transportation in India», driving innovation, reducing costs, and fostering self-reliance in the field of train control signalling systems, the DMRC said in a statement. A memorandum of understanding (MoU) was signed in the presence of Vikas Kumar, Managing Director of the DMRC. «This groundbreaking partnership is aligned with the 'Make in India' initiative, championed by the Government of India under the Ministry of Housing & Urban Affairs,» the statement said.
13.09 / 13:27
MET
FIVE
Booking
Manufacturing
country
Mamata Banerjee to lead INDIA bloc? Here's what she said to Sri Lanka's president Wickremesinghe
Mamata Banerjee was asked by Sri Lanka's President Ranil Wickremesinghe if she would be leading the Opposition INDIA bloc, upon a chance meeting at Dubai Airport. CM Banerjee who met Wickremesinghe at the Dubai airport was also amused by the question. The Trinamool Congress (TMC) Supremo who has embarked on a tour to Dubai and Spain, replied to President Wickremesinghe, “If people support us, we can be in a position (power) tomorrow".
13.09 / 13:23
Celebrity
country
Sunak
British PM Rishi Sunak's parents, mother-in-law Sudha Murty visit Andhra Pradesh temple | Video
ALSO READ: G20 Summit: ‘Proud Hindu’ Rishi Sunak offers prayers at Akshardham temple in Delhi. See pics Sunak, after visiting the temple, had said that he was a "proud Hindu" and proud of his Indian roots and his connection to the country.
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