City Delhi Financial News

Sachin Bishnoi, who was allegedly involved in the murder of Punjabi singer Sidhu Moosewala, was extradited from Azerbaijan and brought back to India on Tuesday, officials of the Delhi Police said. He was produced in a Delhi court, which remanded him in police custody for 10 days. Officers from the Delhi Police's Special Cell had travelled to the Azerbaijan capital Baku to monitor the progress in the case.

Debashree Dutta of Shardul Amarchand Mangaldas & Co (SAM & Co) and Roopali Singh of AZB & Partners are joining law firm Vritti Law Partners for its Mumbai and New Delhi office respectively as co-founders of the firm. Founded by Shameek Chaudhuri and Arvind Ramesh in Mumbai at the beginning of the year, Vritti Law Partners will have its New Delhi office that will be headed by Roopali Singh. An alumnus of the ILS Law College Pune and the University of Oxford, Dutta started her career with ICICI Bank as a manager legal in the year 2007. Subsequently, she moved to the law firm AZB & Partners in 2011 and later joined SAM & Co as Partner for Banking, Finance and Project Finance practice. “This opportunity of collaborating with driven colleagues to build a nimble, transparent and client-centric firm from the ground up is both invigorating and empowering,” said Dutta. “Together, we embark on an exciting entrepreneurial journey, leaving behind the safety net of a large law firm, to explore new horizons and create a dynamic practice that aligns with our shared vision.” An alumnus of the Faculty of Law from the University of Delhi, Singh started her career with Dua Associates in 2004. In 2013 she joined AZB & Partners, where she rose to become Senior Partner in the firm’s litigation and dispute resolution practice.

NEW DELHI : The Enforcement Directorate (ED), the federal agency responsible for investigating money laundering and other financial irregularities, on Tuesday conducted searches at the premises of two-wheeler maker Hero MotoCorp Ltd and the residence of executive chairman Pawan Munjal, two people familiar with the development said. The company said it was cooperating with the agency. “Officials from the Enforcement Directorate today visited two of our offices in Delhi and Gurugram and the residence of our executive chairman Dr Pawan Munjal.

A Delhi court on Tuesday refused to stay the proceedings in a criminal complaint filed by Union minister Gajendra Singh Shekhawat against Rajasthan Chief Minister Ashok Gehlot for alleged defamation but allowed the Congress leader to appear before a metropolitan magistrate through video conference.Special Judge of the MPs, MLAs court M K Nagpal said Gehlot’s physical and personal appearance as an accused before the magisterial court on August 7, 2023 may not be practically convenient and necessary but he saw no reason for staying the proceedings.

₹1.65 trillion in Goods and Services Tax (GST) revenue in July, an 11% improvement over the year- ago period, official data showed on Tuesday. This is the fifth time GST revenue collection has crossed the ₹1.6 trillion mark, said the finance ministry. The government’s estimate for average monthly collection this fiscal is ₹1.65 trillion.c After settlement for inter-state sales, the Centre collected ₹69,558 crore and states ₹70,811 crore from GST in July, the finance ministry statement said.

DGCA has approved IndiGo's plans to start flight services to Almaty in Kazakhstan. The country's largest airline by domestic market share has embarked on an ambitious international expansion.

DDCA) will add two more practice pitches to the main square of the Feroz Shah Kotla besides replacing 15,000 old bucket seats for the ODI World Cup, joint secretary Rajan Manchanda said on Tuesday. A two-member recce team comprising former BCCI general manager and current Delhi Capitals CEO Dhiraj Malhotra inspected the the facilities at the Arun Jaitley Stadium where five World Cup games will be played. «They would be giving us a final report in a week's time and intimate us about everything they want to be done before the start of the World Cup.

Delhi BJP with many young faces, including party stalwart Sushma Swaraj's daughter Bansuri Swaraj, was announced on Tuesday. The newly appointed general secretaries were Harsh Malhotra, Yogendra Chandolia and Kamaljeet Sehrawat. The team announced by the BJP's Delhi unit president Virendra Sachdeva also has many women functionaries.

Enforcement Directorate (ED) on August 1 raided the residence of Hero MotoCorp chairman Pawan Munjal in a case of alleged money laundering, signalling a major escalation of investigation against the prominent businessman. The law enforcement agency conducted searches at his premises located in Delhi and neighbouring Gurugram, and registered a case against him under the Prevention of Money Laundering Act (PMLA), reported news agency PTI. Earlier today, the country's largest two-wheeler automobile manufacturer informed the stock exchanges that ED had visited Munjal's residence and two of its offices.

Singapore is seeing a growing interest from nurses in India to work in the city-state as it grapples to combat the issue of manpower crisis in the nursing industry, according to a media report on Tuesday. The development came as Singapore looks to add about 4,000 new nurses to the workforce by year-end, with two-thirds of them from overseas, the Channel News Asia reported. At least one recruitment agency, Dynamic Health Staff, has seen four times more foreign candidates, mostly from India, who are keen to work here in July compared to January, the report said.

violence erupted on Monday in Haryana's Nuh district during the ‘Brij Mandal Jalabhishek Yatra’ organized by Vishwa Hindu Parishad and Bajrang Dal. The death toll in the clashes has reached 5 including two personnel of Haryana home guard.

New Delhi: India is poised to establish itself as one of the largest solar module manufacturers in the world and is witnessing the fastest growing capacity in renewable energy, said Raj Kumar Singh, Union minister of power and renewable energy. Speaking at an event in Delhi, the minister highlighted India’s impressive strides in the renewable energy sector, including green hydrogen, fostering a robust ecosystem. The country boasts one of the largest manufacturing ecosystems for wind energy and is experiencing rapid growth in solar capacity, propelling India to be the global leader in renewable energy.

Silver also jumped Rs 400 to Rs 77,100 per kilogramme. Spot gold prices in the Delhi markets traded at Rs 60,430/10 grams, up by Rs 80 per 10 grams against the previous close, Saumil Gandhi, Senior Analyst — Commodities at HDFC Securities, said.

e-commerce industry is likely to create 7,00,000 gig jobs in the second half of this year as businesses are recruiting temporary workers to ensure best customer experience during the festive period, according to a TeamLease report. The country's e-commerce companies are gearing up to meet consumer demands during the annual shopping frenzy in the run-up to the festive season, and this surge is projected to generate almost 7,00,000 gig jobs in the second half of 2023, the staffing company said in its report on Tuesday.

ED today raided the Delhi & Gurugram homes of ... moreED today raided the Delhi & Gurugram homes of Hero Moto Corp Chairman Pawan Munjal.

₹103 per equity share and the share will be listed on the NSE SME exchange Wednesday, 9 August. Zeal Global Services IPO plans to raise ₹36.46 crore. The company plans to use the issue's proceeds to pay for the following things: working capital needs, investments in subsidiaries for company growth, partial debt repayment, general corporate purposes, and issue expenditures.

Government of National Capital Territory of Delhi (Amendment) Bill, 2023, in the Lok Sabha. The bill seeks to replace an ordinance related to the control of services in the national capital. The legislation, which has brought the Delhi government and the Centre at loggerheads, empowers the Delhi Lt Governor to have the final say in recommendations regarding the transfers and postings of Delhi government officials.

WFI chief and BJP MP Brij Bhushan Sharan Singh of sexual harassment, on Tuesday did not oppose the Delhi Police's closure report in court, the public prosecutor said. The alleged victim and her father, who recorded their statement before Additional Sessions Judge Chhavi Kapoor in an in-chamber proceeding, said that they were satisfied with the police investigation and had no opposition to the Delhi Police's report in the case.

Narendra Modi government tabled a bill to replace the Delhi services ordinance in the Lok Sabha on Tuesday amid vociferous protests from the Opposition. Home Minister Amit Shah noted that the Constitution had allowed Parliament to make laws for the national capital.

Lok Sabha. The bill seeks to replace an ordinance that mandated the creation of an authority for transfers and postings of senior officers in the Delhi government. Tabled by Minister of State for Home Affairs Nityanand Rai, the legislation will reverse the effect of the Supreme Court verdict in May that gave the Delhi government power over administrative services.

New Delhi: The Delhi High Court on Tuesday dismissed a plea filed by Ashneer Grover, former managing of BharatPe, challenging an income tax notice issued to him under Section 8 of the Black Money Act. The income tax notice is dated 29 May 2023. The high court asked Grover's counsel to withdraw the petition voluntarily, or the court will have to dismiss it.