City Delhi Financial News

NEW DELHI : Average room rates for premier New Delhi hotels are set to triple next week, reaching a range of ₹18,000- ₹25,000, amid heightened demand driven by the arrival of thousands of delegates from 20 nations for the G20 summit across 9 and 10 September. The average daily rate (ADR), a key metric used by hoteliers to measure room revenue, from 7-11 September surged to ₹26,000, a more than fourfold increase from the average ₹6,000 in the past year, according to RateGain Travel Technologies’ Adara division data. ADR includes room rates, food and beverage, and other services availed of by customers, but it only counts the occupied rooms in a hotel, not the empty ones.

AIIMS, RML, Safdarjung hospitals closer to the venue are being prepared to meet any kind of health exigency. VIP wards, ICUs and more than 50 ambulances have been placed near the venue and around the hospitals for medical purposes.

Delhi hosts the two-day G20 summit. Much preparation has been underway to spruce the city up. This includes many of Delhi's historical monuments undergoing 'facelifts'.

Delhi High Court Friday refused to extend the interim bail of liquor businessman Sameer Mahendru on medical grounds in a money laundering case related to the alleged Delhi excise policy 'scam', saying repeated extensions set a bad precedent. The high court orally observed extension of interim bail was becoming an unending process and asked the jail superintendent concerned to take Mahendru into custody on the evening of September 4, when the tenure of his interim bail would expire.

Indian Hotels Company (IHCL) said on Friday it is launching its flagship Indian-concept restaurant brand, Loya, at the Taj West End, Bengaluru. Loya was launched at The Taj Palace in New Delhi last year. The company said Loya captures the culinary traditions of North India and locations such as the foothills of the Himalayas, the terrains of Punjab and Kashmir. The company will also launch brand Loya at The Taj Mahal in Mumbai following Bengaluru, Taljinder Singh, senior vice president and brand custodian of IHCL told ET.

India and the United Kingdom are speeding up their efforts to finalize a Free Trade Agreement (FTA) by the end of the year, with the 13th round of negotiations scheduled for later this month. The recent conclusion of the 12th round of discussions on August 31, 2023, signals the determination of both nations to make progress in this important economic partnership.

Motilal Oswal Financial Services, reiterates 'buy' rating for Max Healthcare with a target price of ₹660, and sees an potential upside of 15% for the stock from Wednesday's close price of ₹575. After gaining for three consecutive sessions, on Friday, Max Healthcare shares ended in red at ₹574 apiece, down 2.48% on NSE.

₹100 crore into the airline and to be able to service its insurance and other statutory obligations. Go First, owned by the Wadia Group, filed for insolvency attributing financial troubles to Pratt and Whitney's faulty engines.

IndiGo has announced the launch of a direct flight between Delhi and Itanagar from October 2. The airline will operate four flights a week between New Delhi and the Arunachal capital on Mondays, Tuesdays, Fridays and Saturdays, the airline said in a statement on Friday. Flight 6E 5927 will depart from New Delhi at 9.10am and reach Donyi Polo airport in Itanagar at noon.

Ram Nath Kovind, the committee has been tasked with exploring how the country could go back to having simultaneous Lok Sabha and state assembly polls, as was the case till 1967. The terms of at least ten state Assemblies will end before or around the scheduled time for the general elections in 2024. While Assembly elections in five states — Madhya Pradesh, Rajasthan, Telangana, Mizoram and Chhattisgarh — are due by the end of this year, polls in Andhra Pradesh, Arunachal Pradesh, Odisha, Sikkim and Jharkhand are likely to be held along with the Lok Sabha elections. The tentative schedule of the completion of the terms for various states and Union Territories are listed below. 1. Mizoram: December 2023 2. Chhattisgarh, Madhya Pradesh, Rajasthan, Telangana: January 2024 3.

parliament of G20 countries next month in the new Parliament building here in a bid to build political support for international commitments. The Parliament-20 meeting will be held from October 12 to 14 and presiding officers of the G20 countries and invitee nations will participate in the deliberations, Muktesh Pardeshi, Special Secretary, G20 India, told PTI here. «This is a meeting relating to speakers and presiding officers of the parliament from all over G20 countries and invitee countries.

INDIA bloc in Mumbai, Congress Parliamentary Party Chairperson Sonia Gandhi on Friday left for the national capital. Earlier in the day, the constituent parties in the Opposition INDIA alliance on Friday decided to contest the 2024 Lok Sabha election together «as far as possible», said the alliance's resolution taken during its third strategic meeting being held in Mumbai. «We, the INDIA parties, hereby resolve to contest the forthcoming Lok Sabha elections together as far as possible. Seat-sharing arrangements in different states will be initiated immediately and concluded at the earliest in a collaborative spirit of give-and-take,» said the resolution. The resolution also said that the parties will «organize public rallies at the earliest in different parts of the country on issues of public concern and importance». INDIA alliance also decided to coordinate among themselves on political communication and media strategies and will campaign with the theme 'Judega Bharat, Jiteega India' in different languages. «We, the INDIA parties, hereby resolve to coordinate our respective communications and media strategies and campaigns with the theme in different languages,» the resolution said. Earlier speaking at the INDIA alliance meeting Congress President Mallikarjun Kharge warned that the alliance leaders should be prepared for more attacks from the various agencies of the government. «We should be prepared for more attacks in the coming months, more raids and arrests due to this government's vendetta politics.

What's the G20 Summit Location in DelhiThe primary venue for the summit will be Bharat Mandapam, Pragati Maidan, where the discussions and deliberations will take place on September 9th and 10th. Additionally, delegates will embark on visits to several notable sites during the summit, including Rajghat, the National Gallery of Modern Art (NGMA), and the Indian Agricultural Research Institute (IARI) in Pusa.Impact on Traffic MovementFrom September 7th to September 10th, there may be temporary traffic regulations implemented in and around New Delhi.

Aam Aadmi Party is to file a police complaint against Delhi Lieutenant Governor Vinai Kumar Saxena alleging that the latter has disrespected the sentiments of the Hindus by getting 'Shivling' (a representation of Lord Shiva) shaped fountains installed in the national capital ahead of the G20 summit, said the AAP sources on Friday. AAP MLA Durgesh Pathak is to meet the Special CP (Law and Order) today in this regard, the sources added. Amid the beautification of the national capital ahead of the 18th G20 Heads of State and Government Summit, a controversy erupted after the Aam Aadmi Party alleged that the LG has 'played' with the sentiments of the Hindus by installing 'Shivling' like fountains. AAP leader Sanjay Singh took to 'X' (formerly known as Twitter) and sought an apology from the Bharatiya Janata Party. «Shivling was insulted under the leadership of Modi ji and shameless BJP people are praising Modi. The LG of Delhi is looting accolades by disrespecting Shivling.

G20 Summit, the Noida traffic department has decided to control the movement of heavy vehicles from Noida to Delhi. As per a TOI report, Between September 7 and 10, these vehicles will be rerouted via the Eastern Peripheral Expressway, according to DCP (traffic) Anil Kumar Yadav. The Delhi traffic department has already issued an advisory aimed at restricting the entry of heavy, medium, and light goods vehicles into the capital during the international summit.

Galgotias University claims to have garnered one million applications for the academic year 2023, with a significant portion of 6.5 Lakhs coming from CUET applicants. Uttar Pradesh leads the way with more than three lakh applications, closely followed by Delhi and Haryana, each contributing more than one lakh applicants, according to an official release. 

GST) revenues for August 2023 have shown a growth of 11 percent year on year due to increased compliance and less evasion, Revenue secretary Sanjay Malhotra said on Friday as reported by PTI. In August 2022, the collection from GST was ₹1,43,612 crore. "Roughly numbers are in the range of 11 per cent year on year growth as in earlier months," Malhotra told reporters as quoted by PTI.

The G20 Summit, a global forum for international economic cooperation, has emerged as a platform that brings world leaders together and significantly influences the host country’s economic landscape. As New Delhi takes centre stage to host this prestigious event, its impact reverberates far beyond diplomatic discussions.

general elections. Alka Lamba had said, “In the three-hour-long meeting, Rahul Gandhi, Kharge ji, KC Venugopal and Deepak Babaria ji were present. We have been asked to prepare for the upcoming Lok Sabha elections.

Amazon executive in northeast Delhi's Bhajanpura area, police said on Friday. The accused have been identified as Sohail (23), a resident of Noor-e-Elahi in Bhajanpura and Jubair (23), a resident of Mohanpuri in Bhajanpura, they said. With this, a total of four people have been arrested in the case so far. Around 11:30 pm on Thursday, police received a tip-off about the accused persons and nabbed them near Burari while they were trying to escape to Punjab, Deputy Commissioner of Police (northeast) Joy Tirkey said.Harpreet Gill (36), who worked as a senior manager with e-commerce giant Amazon, and his maternal uncle Govind Singh (32) were shot at and injured late on Tuesday night in northeast Delhi's Subhash Vihar area when the two were travelling on a motorcycle.

Supreme Court judge P K Mishra on Friday recused himself from hearing the bail plea of former Delhi minister Satyendar Jain in a money laundering case. The Enforcement Directorate (ED) had arrested Jain on May 30 last year on the charge of laundering money through four companies allegedly linked to him. As the matter came before the bench headed by Justice A S Bopanna, he told senior advocate Abhishek Singhvi, appearing for Jain, that it would not be able to take up the matter. «We are unable to take it up before this bench,» Justice Bopanna said. The bench directed that the matter be placed before Chief Justice D Y Chandrachud to get appropriate orders for reassignment to a bench. «Obtain orders from the Chief Justice to place it before a bench of which one of us (Justice Mishra) is not a part,» Justice Bopanna said.