City Delhi Financial News

RERA) has permitted Hong Kong-based Risland Holdings to resume construction and sales of its first Indian project, after an about nine-month hiatus caused by insufficient documentation. The building sanction plan and the RERA registration for the project at Chattarpur in South Delhi had lapsed, and the Municipal Corporation of Delhi (MCD) as well as the RERA had declined to extend the validity of the documents due to a land ownership dispute. «Since, sanctioned building plans have been revalidated by MCD, applicants can now proceed with the work accordingly.

Hero Realty Pvt Ltd (HRPL), one of India’s leading real estate developers, has announced the launch of its new brand, ‘Hero Earth’, dedicated for its premium plotted development projects. The company has also launched its project ‘The Ark’ in Sector 85, Gurugram.

New Delhi: The Aam Aadmi Party-led Delhi government has moved the Supreme Court challenging the constitutionality of a recent ordinance that gave the lieutenant-governor overarching powers on bureaucracy. The ordinance was promulgated on May 19.

Delhi Metro tickets. Now you can buy metro tickets from the comfort of your home as the Delhi Metro Rail Corporation (DMRC) has launched a mobile app --'DMRC TRAVEL' — for generating paperless online mobile QR tickets for travelling across its network in Delhi and NCR. The travellers of Delhi Metro can now purchase Delhi metro tickets directly from their smartphones.

Uniform Civil Code for Uttarakhand is complete, Justice (retired) Ranjana Prakash Desai said on Friday, and added the recommendations of the committee headed by her will empower women and strengthen secular fabric of society if implemented. She also asserted that the idea of a common civil code has received «overwhelming» support. Hours after Desai said that the draft is ready to be submitted to the state government, Chief Minister Pushkar Singh Dhami said the Uniform Civil Code will soon be implemented in Uttarakhand.

Consumer Affairs Ministry Secretary Rohit Kumar Singh said that prices will start falling once crops from Sirmaur and Solan start arriving.Tomato prices will start coming down in Delhi once the crops arrive from Himachal Pradesh, he informed.The secretary further said that by August, prices of tomato are expected to fully stabilise. He added that around this time of the year, prices of tomato always go up.This year, due to poor weather conditions and supply issues, the prices have spiralled.

Silver, however, tumbled Rs 550 to Rs 70,700 per kilogramme. «Gold slightly recovered from three-month lows on Friday, with spot gold prices in the Delhi markets trading at Rs 59,030/10 grams, up by Rs 80 per 10 grams,» Saumil Gandhi, Senior Analyst — Commodities at HDFC Securities, said.

Good news for Delhi Metro commuters! Now the passengers can carry alcohol bottles inside the Delhi Metro. The move comes following the revision of norms for carrying alcohol inside the metro trains by the Delhi Metro Rail Corporation (DMRC).

Avanta India, India’s leading co-working space provider, is on an expansion spree. It has acquired a new space spread across a 10,000 sq. ft area at its Nehru Place premises due to an increase in demand.

crypto industry has great expectations from the upcoming Union Budget of 2023. The Industry is hoping that FM Nirmala Sitraman will bring a number of changes, specifically how Virtual Digital Assets (VDAs) are classified and taxed. The 2 major demands are: 1. The 1% tax deducted at source (TDS) on sale transactions of Crypto assets should be abolished. This tax causes investors to lose capital with each trade and discourages prospective investors from participating in this market, resulting in a loss of capital investment in crypto assets. 2. The current tax architecture should be changed to allow for set-off and carry forward of losses in VDAs similar to equity shares/derivatives. The 30% threshold was set in response to comparisons of digital assets with highly speculative avenues such as gambling, betting, and so on. However, VDAs are similar to securities trading and should, therefore, be treated similarly with respect to taxation and setoff benefits. According to Delhi-based think tank The Esya Centre, the 30% tax and 1% TDS led to a cumulative trade volume worth Rs 32,000 crore shifting from Indian crypto exchanges to foreign ones between February and October 2022. The study also estimated that the current tax architecture may result in a loss of approximately Rs 99.3 trillion of local exchange trade volume over the next four years.

India's crypto industry has been "crippled" under the country's controversial tax laws in 2022.

Major cryptocurrencies traded in the green early on January 3 as the global crypto market cap rose 1.25 per cent to $805.12 billion, over the last day. The total crypto market volume over the last 24 hours is $23.72 billion, which makes a 36.27 percent increase.

A case of fraud linked to cryptocurrency has been reported in the national capital, with a group of investors being duped of up to Rs 500 crore after being assured of massive 200 percent returns on their investment within a year, a report said on December 29.

The International Criminal Police Organization (Interpol) is putting on its virtual reality headsets as it prepares to crack down on an expanding list of “possible crimes” in the Metaverse.

The International Criminal Police Organization is reportedly planning to strengthen its crackdown on cryptocurrency-related crimes by forming a dedicated division.

In the otherwise male-dominated world of finance, cryptocurrency exchanges saw a sharp rise in the number of women investors over the year, indicating that young women investors are now increasingly shifting from gold to digital assets. Experts believe that not only investors, but even women entrepreneurs are coming to the fore in the crypto industry , given that it is not weighed down by inequalities.

Mumbai: Shashank Bhardwaj from Delhi is writing off his entire investment in US-based crypto lending platform Celsius Network.The 28-year-old Bhardwaj had pumped in 30-40% of his entire crypto portfolio into the platform to earn interest on “crypto that was lying around in his wallet.” Celsius, which had almost $12 billion under management as of May, lent out the deposits of customers – who were treated as unsecured creditors – to other

Turkish Cryptocurrency Exchange Bitay Plans To Enter Indian Market

Police arrested two owners of a company that manufactures and sells security cameras after a massive fire reportedly started in their office in a four-storey commercial building in the Indian capital, killing 27 people and injuring 12 others, police and fire officials said Saturday.

Binances Blockchain Technology to power IIT-Delhi's cultural fest

On Thursday, cricket nonfungible token (NFT) platform Rario announced that it secured $120 million in Series A funding in a round led by Dream Capital, the venture subsidiary of Dream Sports. As told by Rario, it currently has the largest share of cricket NFT rights via partnerships with six international cricket leagues and a roster of over 900 cricketers.