City Delhi Financial News
22.07 / 14:17
Citi
Gap
Metro
Spoke and hub model propels real estate development in peripheral cities around NCR
Meerut, Karnal, Rewari, and several other small towns surrounding Delhi are witnessing a boom due to the spoke and hub model pursued by the Central and state governments. These towns are becoming highly sought-after real estate destinations due to the introduction of metro systems, Rapid Rail Transit Systems (RRTS), and well-connected expressways.
22.07 / 14:13
Align
Metro
Notice to mosques on encroachments: Railways says routine procedure, Waqf Board terms it 'surprising'
mosques in the national capital. The Railways recently issued notices to a mosque in the Bengali Market area and another near the Pragati Maidan metro station, asking them to remove encroachments within 15 days. A Northern Railways (NR) spokesperson said the structures are on railway land along the main route between New Delhi and Ghaziabad.
22.07 / 13:45
stage
Asian Games: Delhi HC dismisses plea challenging Asian Games trials exemption to wrestlers Vinesh Phogat, Bajrang Punia
Indian Olympic Association. The Delhi High Court on Saturday dismissed the petition and refused to interfere with the exemption granted to top wrestlers Vinesh Phogat and Bajrang Punia from Asian Games trials. “Writ petition is dismissed," said Justice Subramonium Prasad. Phogat (53kg) and Punia (65kg) were given direct entry for the Asian Games by the Indian Olympic Association's ad-hoc committee on Tuesday, while other wrestlers will have to earn their places in the Indian squad through selection trials on July 22 and 23.
22.07 / 12:57
CEO
country
open
Fabindia partners Dolomite to open Jamie Oliver’s cafes
New Delhi: Homegrown lifestyle brand Fabindia has partnered Dolomite Restaurants Pvt Ltd to open Jamie Oliver’s branded cafes at many Fabindia Experience Centres across the country. Dolomite Restaurants is the master franchise of Jamie Oliver brands in India and operates Jamie’s Italian, Jamie’s Pizzeria, Jamie’s Diner and Jamie’s Cafes. Fabindia operates 357 stores in 127 locations across the country, apart from 13 international outlets.
22.07 / 12:05
country
exclusive
NOT
Maruti Suzuki WagonR will not get this feature anymore. Check details
Maruti Suzuki has recently made some subtle changes to the feature list of the WagonR, one of the country's best-selling cars. Interestingly, the top variants of the Maruti Suzuki WagonR no longer include a rear defogger, which was previously a standard feature on the hatchback. Despite this modification, the pricing of the model remains unchanged, with prices starting at ₹5.54 lakh (ex-showroom, Delhi).
22.07 / 12:05
UPS
Fighting
show
Inside
Will contest LS polls from Hajipur, says Pashupati Kumar Paras, rejecting Chirag Paswan's claim
Paras on Saturday said he will contest the next Lok Sabha polls from Hajipur, rebuffing his nephew Chirag Paswan who has staked claim on late father Ram Vilas Paswan's constituency. Addressing a press conference at the headquarters of his Rashtriya Lok Janashakti Party here, Paras expressed confidence that the BJP-led NDA will back his claim on the seat and not that of Chirag who was «yet to become a part» of the coalition.
22.07 / 06:47
Citi
Digital
CEO
Platform
Enterprise
country
Proptech startup Altre raises $1million from institutional investors
Altre has raised $1million in a pre series A round to grow technology, capability and teams across the country. Altre is a B2B fulfilment marketplace for commercial real estate.
22.07 / 06:47
Citi
cover
Delhi's green cover to be increased to 25% in coming years: CM Arvind Kejriwal
Arvind Kejriwal on Saturday said Delhi's green cover has to be increased from the existing 23 per cent to 25 per cent in the coming years to make the national capital world's greenest and cleanest city. Kejriwal, attending a Van Mahotsav where Delhi Lt Governor V K Saxena was the chief guest, said this year, more than one crore saplings will be planted across the city.
22.07 / 06:21
Provident
Reuters
Aviat
Merit
Airlines
creditors
Go First gets claims worth $2.9 billion from creditors: Sources
Go Airlines (India) Ltd has received claims worth Rs 24,000 crore ($2.9 billion) from operational and financial creditors so far as part of the carrier's ongoing insolvency, two banking sources told Reuters. The process is in line with procedural requirements under Indian law which allow every creditor a right to payment and remedy by submitting claims if a company is under bankruptcy. Once the claims are filed, the resolution professional has to check its authenticity. «Claims from the lenders are around Rs 5000 crore, while lessors' claims amount to Rs 180 crore so far,» a banker with a state-run bank, who has exposure to Go Airlines said, after a meeting of the committee of creditors on Friday. The bankers did not wish to be identified because they were not authorised to speak to the media. Go Airline's resolution professional has yet to verify the veracity of the claims and did not immediately respond to a Reuters' email seeking comment.
22.07 / 06:21
McDonald's
Mobile
Subway
KFC
country
Drop
Some Subway India outlets drop tomatoes citing poor quality amid price surge
Subway India outlets have stopped serving tomatoes in their salads and sandwiches due to quality problems, the latest move by a foreign brand as prices of the staple have soared nearly 400% to record highs in the country. A Subway outlet at a Delhi airport terminal announced the «Temporary Unavailability of TOMATOES» in a sign saying the restaurant could not get enough supply that passed its quality checks. «Hence for the time being we are forced to serve you products without tomatoes,» it said.
22.07 / 05:57
Waters
Delhi flood victims back to relief camps as Yamuna level again crosses danger mark
overflowing Yamuna River and that if the situation continues she would have no other option but to return to her village. Another woman staying at the makeshift said that she can't return to her village because her children are in school and the reverse migration would affect their education, ANI reported. "We are getting, food, and water here. Clean water comes on a tanker.
22.07 / 04:35
COST
UPS
MET
Cooper
Karnataka: Price of Nandini milk is likely to go up in August. Details here
₹3 per litre, according to the Milk Federation officials. The hike is subject to cabinet approval and will come into effect from 1 August. According to the Cooperation Minister K N Rajanna, who met Karnataka Chief Minister Siddaramaiah, said they have proposed the state government to increase the milk prices to address the rise in the production of cost and to help producers.
22.07 / 02:37
Lowe's
MET
Waters
Yamuna water level in Delhi crosses danger mark once again at 205.48 metres
Yamuna had fallen below the danger mark of 205.33 metres. The rise in Yamuna water level could be attributed to increased discharge from Hathni Kund Barrage in Haryana and rains in the upper catchment areas, mainly in Himachal Pradesh and Uttarakhand. The discharge from Hathni Kund barrage rose to 3,60,000 cusecs in July and was recorded at 29,973 cusecs on Friday.
22.07 / 02:37
Citi
Provident
Digital
Cooper
Platform
country
Buy tomatoes at ₹70 per kg in Delhi from today. Here's how
₹70 per kilogram through the Open Network for Digital Commerce (ONDC) in Delhi starting today, Saturday, July 22, said T Koshy, managing director of the government-backed platform. Sources informed the news agency ANI that the government’s agricultural marketing agencies – the National Cooperative Consumers' Federation of India (NCCF) and the National Agricultural Cooperative Marketing Federation of India (NAFED) – were in talks with the ONDC to implement the subsidized rate of tomatoes in the national capital. Currently, e-commerce companies are providing doorstep delivery at about ₹170-180 per kg. The sharp rise in tomato prices was reported across the country and is not just limited to a particular region or geography.
22.07 / 01:47
COST
Cooper
Tomato prices to go down following new crop arrival from Maharashtra, MP: Government
Maharashtra and Madhya Pradesh. This was in response to an unstarred question in the Rajya Sabha by MP Kartikeya Sharma in the Monsoon session of the Parliament.
22.07 / 00:39
21.07 / 19:11
Citi
Provident
FIVE
Cooper
CEO
Platform
country
ONDC to sell tomato at Rs 70 a kg
ONDC will sell the most coveted food item in the country currently — the humble tomato — for ₹70 a kg. Tomatoes will be sold by the National Cooperative Consumers' Federation (NCCF) for the next 10-15 days, ONDC managing director and CEO T Koshy said in the national capital on Friday. ONDC is a «socially conscious organisation» he said adding that the move will provide publicity for the platform which is trying to roll-out nationally after several pilots in cities across the country.
21.07 / 19:07
UPS
Aviat
Aware
Airlines
Go First gets conditional nod to resume flights
The civil aviation regulator has granted conditional approval for Go First to resume flights with 15 aircraft or 114 daily flights, in a respite to the airline that has been grounded since its bankruptcy filing in May. The low-fare airline may resume scheduled flight operations on the availability of interim funding and the approval of flight schedule by the Directorate General of Civil Aviation (DGCA), the regulator said in a statement.
21.07 / 18:29
COST
Progressive
awards
cover
electronic
Mumbai
Railways to armour 3000 km of Delhi-Mumbai, Delhi-Howrah route with Kavach system: Govt
New Delhi: The Railways will armour 3,000 km of its network covering the Delhi-Mumbai and Delhi-Howrah routes with the protection system Kavach system, the government said on Friday. In a written reply to a question in Rajya Sabha, Minister of Railways, Communications and Electronic & Information Technology, Ashwini Vaishnaw said, “Kavach tenders have been awarded for Delhi – Mumbai & Delhi – Howrah corridors (approximately 3000 Route km) and work is in progress on these routes. Indian Railways is preparing Detailed Project Report (DPR) and detailed estimate for another 6000 RKM." He added that Kavach has so far been deployed on 1465 Route km and 121 locomotives (including Electric Multiple Unit rakes) on South Central Railway.
21.07 / 18:29
COST
UPS
Airlines
show
cricket
World Cup cricket: India-Pak faceoff sends airfares soaring
NEW DELHI : With the 2023 ICC Men’s Cricket World Cup captivating cricket fans, domestic airfares to Ahmedabad, where the crucial India-Pakistan match will be played on 15 October, have surged more than fourfold. Fares have shot up as fans scramble for tickets to witness the clash between the two teams in India after more than a decade. The last time India and Pakistan played each other on Indian soil was on January 2013 in Delhi.
21.07 / 15:01
UPS
Platform
Celebrity
Para-gliders, hot air balloons, drones prohibited in Delhi until Aug 16
Delhi Police has prohibited flying of para-gliders, para-motors, hang-gliders, UAVs, UASS, microlight aircraft, remotely piloted aircraft, hot air balloons, small-sized powered aircraft, quadcopters or para-jumping from aircraft in Delhi. The prohibition will come into effect from July 22 till August 16.
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