City Delhi Financial News

Vaibhav Taneja, American electric vehicle maker Tesla's new chief financial officer, is the latest India-born executive to take up a key leadership role at a marquee global corporation. On Monday, Tesla named Taneja, an alumnus of Delhi University, after Zachery Kirkhorn, who was famously described as 'Master of Coin' by founder Elon Musk, stepped down following a 13-year stint at the company. The 45-year-old's appointment comes at a time when Tesla is reviving its plans to enter India, where Musk in June said the company was looking to invest «as soon as humanly possible». Taneja joined Tesla in 2017 as an assistant corporate controller, and was promoted to its corporate controller and, in March 2019, to chief accounting officer. He will continue to be the company's chief accounting officer, along with holding the new role of the CFO.

Astral Alcobev Pvt. Ltd, the importer of bottled-in-origin Slovakian ‘Skull X’ vodka and Italy-made ‘Skinny Witch’ prosecco brands, is looking to produce two new variants of its spirits now in India. The company, which began with an investment of ₹6 crore in FY23, will now launch a domestic made vodka this month and a whisky in the coming months.

MUMBAI : Subhash Chandra’s Essel Group-owned Zee Learn Ltd on Tuesday confirmed signing a settlement agreement with JC Flowers Asset Restructuring Co. (ARC). Zee Learn is among Essel Group companies with a total exposure of ₹6,500 crore with JC Flowers ARC, which Chandra has been trying to settle.

Rhea Bakshi, a 17-year-old economics class 12 student, won the best student film prize for her debut documentary, 'India's Treasures' at the New York International Film Awards. It was the only Indian film to receive a prize for being a finalist.

Entrepreneur. Daredevil traveller with a penchant for danger and thrill. Skilled biker. He wore many hats, successfully in his lifetime. The sudden death of Ambareesh Vedantam Murty, the CEO and co-founder of virtual furniture company Pepperfry has left shockwaves throughout the corporate world. The 51-year-old businessman, who was on a tour in Leh, was seen in high spirits, chatting about the beautiful roads of Ladakh in an Instagram video titled, ‘Motorcycle Diaries’, describing the roads as the perfect spot where “angels could party.” Hours after the video was posted, the news of his death was shared by Ashish Shah the co-founder of Pepperfry. “Extremely devastated to inform that my friend, mentor, brother, and soulmate @AmbareeshMurty is no more. Lost him yesterday night to a cardiac arrest at Leh,” wrote the entrepreneur.

Delhi Assembly has been convened on August 16, amid the raging row over the parliamentary nod to a bill that gives the Centre control over bureaucracy in the national capital. «I have the honour to inform you that under Rule-17(2) of the Rules of Procedure and Conduct of Business in the Legislative Assembly of National Capital Territory of Delhi, the Hon'ble Speaker has directed to re-convene the Fourth Session of Seventh Legislative Assembly of NCT of Delhi,» the summon issued by Assembly Secretary said.

retirement from all forms of cricket, Bengal skipper Manoj Tiwary on Tuesday said he has decided to reverse his decision and want to give «one more try» to win the elusive Ranji Trophy title. The two-time champions Bengal have reached the Ranji final twice in last three seasons, but they are yet to replicate the success of 1989-90. The Tiwary-led Bengal were overwhelming favourites to win the title at home last season, but Saurashtra defeated them by nine wickets in a repeat of the outcome of the 2019-20 season's final.

From Sundar Pichai to Laxman Narasimhan of Starbuc... moreFrom Sundar Pichai to Laxman Narasimhan of Starbucks.

State of Elementary Education in Rural India - 2023,' was officially unveiled during the India Rural Colloquy - A Rural Renaissance in Delhi on August 8, 2023. The survey, a collaboration between Transform Rural India and Sambodhi Research and Communications highlights the progress towards gender-neutral education in rural India.

Vegh Automobiles has announced it plans to open over 100 retail stores across 12 states by the end of this fiscal year. Presently, the company has presence in Uttar Pradesh, Jammu, West Bengal, Odisha, Punjab, Haryana, and Assam. The company now plans expand into Delhi NCR, Rajasthan, Madhya Pradesh, Chhattisgarh and Chandigarh markets. The company plans to establish both company-owned operated outlets, as well as franchise stores. “We have recently raised $5 million in funding, which will play a crucial role in fuelling the company's ambitious expansion plans. The fresh injection of capital will be allocated towards strengthening the company's sales and service network, accelerating research and development efforts,” Pragya Goyal, CEO of Vegh.

Congress on Tuesday hit out at Union Minister Kiren Rijiju over his remark that the prime minister has directed ministers to visit the Northeast every 15 days, challenging him to furnish details of the visits of Union ministers to Manipur in the last 97 days. Intervening in the debate on the no-confidence motion against the government, Rijiju said, «When our government was formed, in the first cabinet meeting, (Prime Minister Narendra) Modi ji made a group and said that every 15 days, five cabinet ministers and seven ministers of state must tour the Northeast. It is still going on, all the ministers sitting here have toured the northeast.» «PM Modi has also given directives to officials to visit the Northeast and meet people.

travel and tourism industry in India has rebounded significantly from the pandemic, with job postings for hospitality jobs surging by 66% from June 2022 to 2023. The company said this is a marked departure from the 60% decline in job demand during 2019-2020 and the subsequent 7% dip in the following year. Indeed said the sector showed 'remarkable resilience' and 'adaptability' by embracing changing customer preferences. «Curated experiences for staycations, workcations and solo trips have become the new norm, offering customers personalized and safe travel options,» the company said in a statement.«Technology played a vital role in this transformation, integrating seamless digital experiences into every aspect of the hospitality journey,» it added.

Congress leader Rahul Gandhi has been re-allotted the 12, Tughlaq Lane bungalow a day after his disqualification as Lok Sabha member was restored following a directive of the Supreme Court, officials said on Tuesday. The House Committee of the Lok Sabha has decided to allot the same bungalow he was asked to vacate after Gandhi was disqualified as member of the lower house on March 24 as a result of his conviction and a two-year jail term awarded to him for the 'Modi surname' remarks.

United Airlines on Tuesday announced increasing the frequency of its flight services between Delhi and New York/Newark to twice daily, from once at present, starting October 29 this year. In line with the existing year-round service, the additional flight will also be operated with Boeing 787-9 Dreamliner aircraft, United Airlines said in a statement.

New Delhi: Leasing activity in India’s industrial & logistics sector surged to 19.1 million sq. ft. across eight major cities during the first half of 2023 (Jan-Jun), marking a substantial 35% year-on-year increase, according to a report by CBRE South Asia Pvt.

Elon Musk's Tesla motors appointed Indian-origin V... moreElon Musk's Tesla motors appointed Indian-origin Vaibhav Taneja as its next Chief Finance Officer after Zachary Kirkhorn stepped down from his position.

Arvind Kejriwal criticized the stance of Union Home Minister Amit Shah, asserting that the granted power should be utilized for public service, not the deprivation of rights. As reported by TOI, Delhi CM Kejriwal accused Prime Minister Narendra Modi of ignoring the Supreme Court's directive and pointed to his electoral victories as evidence of public support for his work. He alleged that the BJP was obstructing developmental efforts to hinder his progress.

alliance plagued by mutual distrust’ He reiterated his call for corruption, and dynastic and appeasement politics to quit India. He described the opposition alliance as 'ghamandia' (marked by arrogance) and congratulated the party's Rajya Sabha members for the "semi-final" win in voting on the Delhi services bill. Modi, sources said, noted that some opposition members had described the voting in Rajya Sabha as a semi-final before the 2024 Lok Sabha polls as he exuded confidence about the BJP's prospects in the national elections.

Narendra Modi said on Tuesday that the no-confidence motion brought by the opposition is a reflection of mutual distrust among INDIA bloc parties as they want to test who is with their proposal and who is not, sources said. In his address to party MPs at the BJP parliamentary meeting, he described the opposition alliance as 'ghamandia' (marked by arrogance) and congratulated the party's Rajya Sabha members for the «semi-final» win in voting on the Delhi services bill. Modi, sources said, noted that some opposition members had described the voting in Rajya Sabha as a semi-final before the 2024 Lok Sabha polls as he exuded confidence about the BJP's prospects in the national elections. The Delhi services bill secured parliamentary approval on Monday after the Rajya Sabha passed the contentious measure that will give the Centre control over bureaucracy in the national capital, with the BJP-led NDA thwarting opposition challenge in the keenly-watched numbers game. With the ruling party certain to defeat the no-confidence motion in Lok Sabha, where it enjoys a strong majority, Modi told party MPs hit «sixers» on the last ball before the 2024 polls. He also referred to his 2018 speech in which he had wryly wished to the Opposition to bring a no-confidence motion against his government in 2023.

Fitspire, a vegan health-wellness brand, said it has secured an undisclosed amount of funding in a pre-Series A round. The funding was spearheaded by investors such as the founders of LC Nueva, an alternate investment fund, and renowned singer Sukhbir Singh. Additionally, the family office of Jaipurias, represented by Ruchirans Jaipuria and Anuraag Jaipuria, also participated in the funding round.

The DXY was trading with a positive bias at 102.29, up 0.24%. The October gold futures were trading with declines at Rs 59,405 per 10 grams on the MCX in the opening trade, down Rs 15 or 0.03%. Meanwhile, September Silver futures were trading at Rs 71,230, down Rs 38 or 0.05%.