City Delhi Financial News
18.12 / 09:23
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Election
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EC reviews preparedness for Delhi polls, holds meeting with representatives of political parties
An election commission official said the meeting lasted for around half an hour and covered several topics. Chief Election Commissioner Rajiv Kumar also reviewed poll preparedness for the upcoming Delhi elections.
18.12 / 06:41
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Delhi air pollution: National capital records worst AQI in a month
Delhi worsened on Tuesday as the air quality index rose to 433 in the 'severe category', with a toxic haze blanketing the city. It was the worst air quality in almost a month — a higher AQI than this was last recorded on November 19 at 460. The air quality is likely to stay similar on Wednesday, but might improve to 'very poor' category on Thursday. The air quality is likely to stay severe on Wednesday, but it may improve to very poor on Thursday.
17.12 / 15:53
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Goa CM's wife files Rs 100 cr defamation suit against AAP leader Sanjay Singh; court issues notice
Singh, a Rajya Sabha member, had recently addressed a press conference in Delhi where he allegedly made allegations against Sulakshana Sawant, the wife of CM Pramod Sawant. Sulakshana Sawant filed a complaint in the civil court at Bicholim in north Goa. The ad-hoc civil judge heard the suit and issued a notice to Sanjay Singh, returnable on January 10, 2025.
17.12 / 10:11
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Why TUMI wants to focus on intelligent design
Subscribe to enjoy similar stories. As a design brand rooted in travel, TUMI explores a new destination through each of its collection. Its latest autumn/winter 2024 collection, for instance, derives inspiration from Seoul's bold architecture, colourful street culture and innovative mindset.
16.12 / 14:33
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Delhi HC directs senior SpiceJet officials to appear over non-payment of dues
Delhi High Court has directed the chief operating officer and chief executive officer of SpiceJet to appear before it in a plea seeking compliance of over USD 6.03 lakh in payment to the aircraft engines lessors. Justice Manmeet PS Arora «specifically denied» the request of the counsel for judgement debtor, SpiceJet, for the appearance of the two senior officers before the court through video conferencing. «The chief operating officer (COO) and chief executive officer (CEO) of the judgement debtor are directed to remain present in court on the next date of hearing, that is, January 16, 2025,» the court said in its order on December 10. The court was hearing an application by the decree holder and aircraft engine lessor Team France 01 SAS and another, seeking a direction for the compliance of the consent order passed on May 29 wherein the airline was directed to make the payment of USD 6,03,870.82 to the decree holders.
16.12 / 14:33
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Delhi airport now provides connectivity to 150 destinations
Delhi airport operator DIAL on Monday said the airport now provides connectivity to 150 destinations. On Sunday, Thai AirAsia X launched direct flights between Delhi and Bangkok-Don Mueang (DMK), marking the 150th destination connected to Delhi airport, according to a release. Delhi International Airport Ltd (DIAL) also said it has become the first airport in the country to connect 150 destinations. «Of all the long-haul destinations from India, 88 per cent of destinations are connected from Delhi and 56 per cent of all long-haul weekly flights departing from India, operate from Delhi.
16.12 / 12:41
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Bharat Mobility Global Expo 2025: Hyundai Creta EV, Maruti E Vitara and other EVs expected to debut next month
The eagerly awaited Bharat Mobility Global Expo, set to take place from January 17 at Bharat Mandapam in Pragati Maidan, Delhi, is shaping up to be a major event for electric vehicle (EV) enthusiasts, reported HT Auto. With 34 manufacturers confirmed to participate, the event promises to showcase some of the greatest electric cars, with many manufacturers unveiling new models. Among the key highlights will be Maruti Suzuki’s first-ever electric car and the debut of VinFast, a new entrant from Vietnam.
16.12 / 12:27
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Magenta Mobility to add 10,000 EVs over next fiscal; to expand to new cities
Magenta Mobility on Monday said it plans to add 10,000 electric vehicles — both three and four-wheelers — over the next financial year and is also looking at expanding into new cities such as Nashik, Nagpur, Vijayawada, Indore and Kolkata, among others. The company also said that after establishing a strong presence in the electric three-wheeler space, it is now aggressively expanding into the four-wheeler category. With a fleet exceeding 500 electric cargo four-wheelers, Magenta Mobility is transforming urban and intercity logistics, it said. Building on its leadership in the three-wheeler EV segment, where it serves major clients in the e-commerce space, Magenta Mobility is now aggressively expanding into the four-wheeler category, the company said.
16.12 / 08:47
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Delhi Court issues notice to BJP MP Bansuri Swaraj in defamation complaint
Rouse Avenue court on Monday issued a notice to Bharatiya Janata Party (BJP) MP Bansuri Swaraj in a defamation complaint filed by former Minister and Aam Aadmi Party (AAP) leader Satyendra Jain. Jain has filed a criminal defamation complaint against BJP MP Bansuri Swaraj. He has also filed a civil defamation case against her. Additional Chief Judicial Magistrate (ACJM) Neha Mittal issued notice to Swaraj and listed the matter for hearing on December 20 at 11:00 AM.
16.12 / 08:47
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Oberoi Realty shares rally 6% to record high as Axis Securities initiates coverage with 'buy' rating
Oberoi Realty shares surged as much as 6.3% on Monday to a record high of Rs 2,250.65 on BSE after brokerage firm Axis Securities initiated coverage on the real estate developer with a 'buy' rating, at a target price of Rs 2,560, implying an upside of about 14% from current levels. The brokerage said that its recommendation is underpinned by the company’s strong positioning in Mumbai’s luxury real estate market, a growing annuity income stream, strategic geographic expansion, and solid financial fundamentals.
16.12 / 08:11
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India, with booming billionaires, is the gold mine luxury brands have been hunting for
luxury brands are increasingly eyeing India as a key market for their expansion, tapping into the country's growing appetite for premium products. As wealth rises and aspirations soar, India is emerging as a critical battleground for luxury retailers, a trend that has only accelerated since the pandemic. One of the most significant shifts in the luxury landscape is the influx of global brands aiming to diversify their markets. With China facing an economic slowdown, luxury giants are now looking beyond their traditional markets, and India is quickly becoming one of their top choices. «India is one of our fastest growing markets though our presence is currently concentrated in Delhi and Mumbai. Over the next decade, we anticipate India to become one of the most promising markets for the luxury industry, particularly for fine watches,» Jean-Marc Pontroue, CEO of Panerai, told ToI.
16.12 / 05:53
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Mukul Agrawal picks stake in multibagger stock that’s up 400% in a year
Subscribe to enjoy similar stories. Today's edition of Stocks Made Easy shines a spotlight on a luxury car rental services company. We first featured this company a month ago, during a deep dive into stocks trading below their book value—a trend that gained traction when the buzz around Elcid Investments’ boom was just hitting mainstream attention.
16.12 / 03:39
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Election
Delhi: Congress' Sandeep Dikshit clarifies alliance with AAP was "never in question", slams Kejriwal's leadership
Sandeep Dikshit clarified that the alliance with the Aam Aadmi Party (AAP) was «never in question», responding to discussions about the possibility of an alliance. Speaking to on Sunday, Dikshit stated, «The alliance was never in question. The AAP kept launching the idea because they feared losing if they fought alone. But it is good that the alliance did not happen.» He went on to slam Delhi Chief Minister Arvind Kejriwal's leadership over the past decade, claiming it has led to the breakdown of the city's systems. «In the last 10 years, he (Arvind Kejriwal) has brought Delhi to a place where all the system has collapsed. These 10 years of failure will make him lose,» Dikshit said.
16.12 / 00:17
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Airfare on metro routes down 28%, up on non-metro routes
Subscribe to enjoy similar stories. New Delhi: Those planning to travel between metro cities this year-end are in for a treat. According to data from ticket booking portals, airline ticket prices between metropolitan cities have crashed by almost a third this month compared to December 2023.
15.12 / 20:01
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Top engineering colleges hit the fund trail to boost research, infrastructure
BITS Pilani and Indian Institutes of Technology (IITs) Delhi, Madras and Kanpur, among others, are looking to fill their coffers through efforts such as donation campaigns, encouraging collective donations through chapters or batches, organising leadership delegations to countries where alumni reside, increased reunions and alumni get-togethers, encouraging high net-worth donors to set up centres of excellence, forging close connections with companies for corporate social responsibility (CSR) funding and setting up alumni chairs. Aiming high
15.12 / 14:11
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Election
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Singh re-elected as IGU chief; rival faction's Shetty too claims presidency in controversial polls
Brijinder Singh was re-elected as the president of the Indian Golf Union (IGU) for a second consecutive term during the Annual General Meeting (AGM) here on Sunday. The elections for IGU office-bearers and the Governing Council for the 2024-2026 term were held unopposed as the number of candidates matched the available positions. Singh was the lone candidate for the president's post, while S K Sharma and Sanjiv Rattan were elected unopposed as secretary and treasurer, respectively. The nine members elected to the Governing Council are Farzan R Heerjee (Jharkhand), Harpuneet Singh Sandhu (Chandigarh), Harish Kumar (Uttarakhand), Nagesh Singh (Assam), Dr Param Navdeep Singh (Rajasthan), Sameer Sinha (Gujarat), Shashank Sandu (Maharashtra), Simarjeet Singh (Uttar Pradesh), and Viren Singh Ghumman (Punjab).
15.12 / 12:21
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War
WPL 2025 auction: Here is the full list of players RCB, MI and other franchises bought
WPL) 2025 auction took place in Bengaluru on Sunday. The most notable buy was 16-year-old G Kamalini going to Mumbai Indians for Rs 1.6 crore. MI and Delhi Capitals were engaged in an intense bidding war as the Mumbai-based franchise secured Kamalini's services for Rs 1.6 crore, significantly higher than her initial base price of Rs 10 lakh. In other significant WPL 2025 buys, Gujarat Giants strengthened their squad by signing Deandra Dottin and Simran Shaikh for Rs 1.7 crore and Rs 1.9 crore respectively.
15.12 / 12:21
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India is a player the world turns to, even if we're bashful at times, says EAM Jaishankar
Speaking at an event in Delhi, the EAM stressed on the fact that India is a first-responder when its counterparts around the world need its help. However, he added, that New Delhi has miles to go to revamp itself from the mistakes of the past, in order to become a 'multigenerational foreign policy following nation'. 'We're a player the world turns to, even if we're bashful at times. The idea of India as a first responder, I can predict, will only get stronger," said Jaishankar.
15.12 / 11:29
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India’s novel attempts at battling deadly air pollution are falling short
Subscribe to enjoy similar stories. NEW DELHI—As the skies turned hazy with pollution this winter, a giant outdoor purifier sat dormant in the Indian capital’s central business district. The smog tower, lined with double rows of fans, was intended to purify the surrounding area by sucking in smog, passing it through filters on the inside and releasing clean air.
15.12 / 11:25
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WPL Auction: RCB gets services of uncapped all-rounder Prema Rawat for Rs 1.2 crores
Royal Challengers Bengaluru (RCB) picked up Prema Rawat for Rs 1.2 crores during the Women's Premier League (WPL) mini-auction in Bengaluru on Sunday. As per ESPNCricinfo, there was a bidding war for the player between Delhi Capitals and RCB. It was RCB who got her services. Prema played a big role in Mussoorie Thunders winning the inaugural Uttarakhand Premier League, picking up four wickets in three matches.
15.12 / 11:25
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Atishi claims Centre settling Rohingyas in Delhi; 'false narrative', says Hardeep Puri
Amit Shah on Sunday, accusing the BJP-led Centre of settling «a large number of illegal Rohingyas» in different parts of the city. With the AAP targeting Union Minister Hardeep Singh Puri over his tweets and claiming that settling these refugees here was a «conscious decision» of the BJP-led NDA government, the minister accused AAP of indulging in «politics of diversion, false narratives and half-truths». In the run-up to the Delhi Assembly polls due in February 2025, the ruling AAP and BJP have been hitting out at one another over the issue of illegal Rohingya and Bangladeshi people staying in the national capital. The BJP has already complained to the Election Commission about illegal Rohingyas and Bangladeshis registered as voters in Delhi «at the behest of AAP».
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