City Delhi Financial News

Delhi High Court has imposed a cost of ₹1 lakh each on the National Restaurant Association of India and the Federation of Hotel and Restaurant Associations of India for failing to comply with its April directions in a case related to levy of service charge on food bills. While hearing the petitions by the hotel bodies challenging the Central Consumer Protection Authority's July 4 last year's guidelines that imposed a ban on adding service charge unilaterally, Justice Pratibha M Singh said that «the clear impression» that the court gets is that the hotel bodies were in complete non-compliance of its April 12 order as they had filed the affidavits without serving them on the government properly so as to ensure that the hearing did not proceed before it.

Real estate developer Wave Group's said that will invest Rs 10 crore in Artificial Intelligence (AI) technology for its Wave City project in-Delhi NCR. The company aims to make these investments in the next three years.

Assam Tourism Minister, Jayanta Malla Baruah. He met leading tour operators from Delhi to promote Assam as tourist destination and to strengthen cooperation with tourism partners. As many as 25 Delhi based tour operators, travel agents and travel journal houses gathered at the conference hall of Assam House here late evening on Wednesday to prepare attractive packages for promoting the state in a big way. The Tourism Minister asked the tour operators to work in tandem with the Tourism department and other stakeholders to promote the tourism sector which has huge potential with its rich cultures, traditions, flora and fauna and make the state a tourist destination. Baruah asked the tour operators to come up with attractive packages that cater to the tastes of the tourists visiting different destinations. The Minister said the government would arrange to take the tour operators from Delhi to Assam for a familiarisation tour that would help them to make packages tailored to the needs of tourists.

Air India on Thursday said it will start direct flights between Delhi and Dhaka from September 15. The airline already operates flights between Kolkata and Dhaka.

Delhi High Court has imposed total costs of Rs 2 lakh on two restaurant bodies for failing to comply with an order passed in relation to their challenge to the guidelines prohibiting hotels and restaurants from automatically levying service charge on food bills. Justice Prathiba M Singh directed that the costs shall be paid to the Department of Consumer Affairs.

Amid incessant rainfall in the Delhi-NCR region, the Yamuna water level in the national capital once again breached the danger mark on Thursday. The water level of Yamuna river was recorded at 205.98 meters at 4 pm on Thursday. Earlier in the day, it was recorded at 205.83 meters at 10:00 am, officials said.

New Delhi: Union minister Jitendra Singh on Thursday said that the government is exploring the potential of bus roof mounted air purification systems (BRMAPS) to capture particulate matter in the highly polluted cities. In a written reply to a question in the Rajya Sabha, the minister said, the Central Pollution Control Board (CPCB), a statutory body under the ministry of environment, forest and climate change (MoEFCC) has installed pariyayantra filtration units on top of 30 buses to filter dust in Delhi-NCR.

Ninety-six per cent of students in the age group of 14-17 years who took part in a survey do not know that vapes and similar electronic devices are banned in India, while 89 per cent of them are unaware of their harmful effects, according to a study. The survey findings come amid the Union Health Ministry sending notices to 15 websites selling e-cigarettes, which are banned in India, directing them to stop advertisement and sale of the products.

New Delhi: Union minister Jitendra Singh on Thursday said that the UPSC has allowed candidates who had opted for Imphal as a centre for exam, to change and appear in any of the centres, viz., Aizawl, Delhi, Dispur, Jorhat, Kohima, Kolkata and Shillong. In a written reply to a question in the Rajya Sabha, the minister informed that this option was provided in the the Civil Services (Preliminary) Examination, 2023 (held on 28 May 2023) and in the recruitment tests for accounts officer/ enforcement officer and assistant provident fund commissioner (APFC) in the employees provident fund organisation (EPFO) (held on 2 July 2023).

₹1,00,000 on the National Restaurant Association of India (NRAI) and the Federation of Hotel & Restaurant Associations of India (FHRAI) to pay as costs for non-compliance of service charge directions issued on 12 April. The court has directed that the costs be remitted to the Department of Consumer Affairs.

The luxury housing segment in India maintained strong sales momentum, registering a 130% Y-o-Y increase in Jan-Jun’23 period. Total sales of luxury units during Jan-Jun’23 period stood at 6900 compared to 3000 units during the same period last year, according to a CBRE report.

The emergence of Shop-Cum-Office (SCO) spaces in Tier II cities has indeed transformed the landscape of the ever-evolving real estate market in India. The concept of SCO has gained prominence after the pandemic as it has attracted businesses, provided cost-effective solutions, enhanced convenience, contributed to urban development, diversified the commercial real estate sector, and stimulated economic growth. The novel concept of merging retail and office spaces within a single building or complex enables retailers to maximize their property usage while delivering numerous benefits to customers and businesses. That’s why the demand for SCO spaces are soaring high across India.

₹11.99 lakh per annum in 2017-18 to ₹20.55 lakh per annum in 2021-22. IIT Madras established the Engineering Design department in 2006 and it was the 16th department. It offers a dual degree programme in Engineering Design specialised in Automotive Engineering, Biomedical Design and Robotics.

Air India will commence its direct flights from Delhi to Dhaka from September 15, the airline announced on Thursday. In a move to enhance connectivity between the capital cities of India and Bangladesh, Air India will fly four times a week between the two cities using its Airbus A320 aircraft.

After days of receding, the Yamuna water level in the national capital once again crossed the danger mark amid incessant rains in Delhi and adjoining areas. In the NCR, the Hindon River also witnessed a rise in the water level.

Railways, the Delhi High Court said on Thursday, as it asked the state-run transport behemoth to ensure periodic audit of safety measures on trains and at railway stations. The high court's order came while disposing of a petition filed by lawyer Kush Kalra, seeking safety and security measures like baggage scanners, hand-held metal detectors and CCTV cameras at all railway stations in the country and installation of anti-collision devices.

New Delhi: The Commission for Air Quality Management in NCR and adjoining areas (CAQM) on Thursday met power distribution companies (discoms) of Delhi and NCR districts in Uttar Pradesh, Haryana, and Rajasthan to enhance preparedness for the upcoming winter season when air pollution levels generally spike. The meeting focused on curbing dependence on diesel generator sets (DG sets) for power generation during the period between October and February, when air pollution levels soar due to various meteorological factors, the ministry of environment, forest and climate change said.

Liberty General Insurance on Thursday was appointed as the lead insurer for Delhi by the Insurance Regulatory and Development Authority of India (IRDAI). The appointment comes as a part of IRDAI’s State Insurance Plan, which aims to enhance financial awareness and drive insurance inclusion in collaboration with other insurers.

New Delhi: The Commission for Air Quality Management in NCR and adjoining areas (CAQM) on Thursday met power distribution companies (discoms) of Delhi and NCR districts in Uttar Pradesh, Haryana, and Rajasthan on Thursday to enhance preparedness for the upcoming winter season when air pollution levels generally spike. The meeting focused on curbing dependence on diesel generator sets (DG sets) for power generation during the period between October and February, when air pollution levels soar due to various meteorological factors, the ministry of environment, forest and climate change said.

₹947 on NSE, reflecting a steep jump of 89.4 per cent as against the issue price On BSE it debuted at ₹942.5 apiece, 88.5% higher. Netweb Technologies IPO opened for subscription on Monday, July 17, and ended on Wednesday, July 19. The company has fixed the price band at ₹475 to ₹500 per equity share for the proposed initial public offer.

New Delhi: US’s special presidential envoy for climate John Kerry met with Indian officials here during his visit to India to discuss climate cooperation. The talks focus on advancing shared climate and clean energy objectives, such as fostering investment in renewable energy, supporting the rollout of zero-emission buses, and diversifying clean energy supply chains.