City Delhi Financial News

2026 is poised to be a year of monumental moments, marked by a summer of Assembly elections in India, an intensifying global space race, and major sporting events — notably the FIFA World Cup and the ICC Men’s T20 World Cup.The year also marks the US completing 250 years of independence, Bangladesh heading to the polls for the first time since former PM Sheikh Hasina’s ouster, India hosting the 18th Brics Summit, Apple turning 50, and the long-awaited release of GTA VI, the open-world action-adventure franchise. All of these set the stage for a packed year ahead.

aircraft that carries goods instead of passengers.If freighter operations move out of Mumbai, cargo capacity will shrink sharply, pushing up air freight rates, Kumar said. Shipping from Navi Mumbai would also be more expensive as the airport has limited cargo freighters and no international passenger flights, reducing available belly space and creating supply constraints.In contrast, Delhi operates under an open sky policy, allowing a higher number of cargo flights.

Dear reader, as 2025, a year of global tumult and volatility, rolls by, Mint's reporters and columnists look around the corner on what is coming in 2026—to help you know what to expect and prepare for it. Tell us what you think at [email protected] the year 2025 drew to a close, thousands of spectators braved Delhi’s foul air, made stagnant by the unyielding winter winds, to catch a glimpse of Lionel Messi. Not long back, it would have been a regular meet-and-greet for a legendary footballer.

₹6,049 crore, chief executive officer Akhilesh Kumar Dixit said in an interview on Monday.The enterprise and equity values of the deal are estimated at $723 million and $500 million, respectively, said another person in the know of the developments.The proposed transaction would rank among the largest deals in India’s fast-growing smart metering sector and highlights the financial stress at EESL, even as IntelliSmart plays a key role in the country’s $30-billion programme to replace 250 million conventional electricity meters with smart ones.Set up in 2019, IntelliSmart was awarded 22 million smart meter orders in the backdrop of India running the world’s largest electricity smart metering programme that aims to replace 250 million conventional meters with smart ones at a $30 billion investment. This will not just help reduce power theft but also ensure reliable electricity supply.IntelliSmart has installed 5 million smart meters and has presence across Uttar Pradesh, Assam, Gujarat, Bihar.

Delhi-based Deepika Khosla, 38, a French teacher, and her husband, Mohit Khosla,40, a working professional in the telecom sector, are parents to twins Avighna and Itika, both eight years old and currently in grade 3. Education forms a central part of the family’s monthly budgeting.

₹7 crore and ₹10 crore, comparable with the price of a high-end apartment in South Delhi or South Mumbai. People are moving to these places for a relaxed pace of life. This is the reason for the 65% year-on-year rise in real estate prices in this sleepy, peaceful coastal province.Goa isn’t alone.

While the hikes appear modest when measured per kilometre, their impact is concentrated on sleeper and second-class passengers, who account for over 70% of railway travel in India and are typically from lower-income groups.Under the latest fare structure, fares on mail and express trains have risen by 2 paise per kilometre for both AC and non-AC classes. Second-class passengers on ordinary trains travelling more than 215 kilometre (km) will now pay an additional 1 paisa per km.The latest fare rationalisation is expected to generate additional revenue of around ₹600 crore for the Indian Railways in this fiscal year.The July revision had also raised mail/express fares by 2 paise per km for AC classes and 1 paisa per km for non-AC classes, while second-class ordinary passengers were charged 0.5 paise per km after the first 500 km.The cumulative impact of both revisions becomes more pronounced on longer routes.

Dear reader, as 2025, a year of global tumult and volatility, rolls by, Mint's reporters and columnists look around the corner on what is coming in 2026—to help you know what to expect and prepare for it. Tell us what you think at [email protected] Delhi: From the boardrooms of Mumbai to the policy corridors of Delhi, executives began huddling early this year over a little-known but indispensable component found in virtually every vehicle on the road: rare-earth magnets.When China imposed a ban on these materials in April 2025, not many were aware of the critical role these magnets played.

Dear reader, as 2025, a year of global tumult and volatility, rolls by, Mint's reporters and columnists look around the corner on what is coming in 2026—to help you know what to expect and prepare for it. Tell us what you think at [email protected] DELHI: India is pushing to upgrade its image from the 'pharmacy of the world' to a global life sciences hub, a goal that faces critical execution risks, especially concerning quality standards and policy follow-through.

The heavy industries ministry is likely to exhaust its ₹857-crore subsidy fund for electric three-wheelers in the L5 category under the ₹10,900-crore PM E-Drive scheme three months ahead of schedule, according to the government’s letter to manufacturers. The funds were originally expected to last until March 2026, but the high adoption of electric three-wheelers means they have been disbursed faster than anticipated.In a publicly available letter to the Society of Indian Automobile Manufacturers (Siam) dated 23 December, the ministry said it would stop granting incentives on reaching the scheme's target of 288,809 L5 three-wheelers, or on 26 December, whichever came earlier.“Para 46 of the scheme notification clearly stipulates that the PM E-Drive Scheme is fund-limited, and once the allocated funds for the scheme or any of its sub-components is exhausted, no further claims will be entertained,” the letter read.Two kinds of electric three-wheelers can receive subsidies under the PM E-Drive scheme – L3 category e-rickshaws with small batteries, commonly used for last-mile connectivity in cities such as Delhi and Kolkata; and larger, L5 category three-wheelers that are used to ferry both passengers and cargo.

New-age electric bus manufacturers have stormed India’s biggest tender, picking up nearly 80% of the 10,900 e-buses on offer as part of the ₹10,900-crore PM E-Drive scheme, leaving legacy players with little to show for their efforts.Flush with recent investments, companies like PMI Electro Mobility and Eka Mobility offered aggressive, lucrative pricing, securing contracts for 5,210 and 3,485 e-buses, respectively.Among other manufacturers, only Olectra Greentech—an established electric bus manufacturer and a subsidiary of Hyderabad-based EPC company Megha Engineering—managed a partial win, bagging 1,785 e-buses.Bigger names such as Tata Motors and VE Commercial Vehicles (VECV) were caught off guard when the results, revealed on Wednesday, showed they had not won a single contract, according to three executives directly aware of the development. Chennai-based Ashok Leyland missed the tender entirely due to a technical glitch and has approached the Delhi High Court.Government officials and industry executives spoke on the condition of anonymity as the results are so far only known to the bidders and haven’t been made public.

The Asian Drama, Gunnar Myrdal introduced the concept of the ‘soft state.’ He was really writing about South Asia, especially India, with barely any mention of the ‘miracle economies’ of East Asia.He characterized the Indian state as a ‘soft state,’ implying a government with limited capacity, unable to unwind a gridlock of competing interests that sucked up and dissipated scarce resources. This pre-empted the high growth necessary for reducing widespread poverty.India is now a fast-growing economy and poverty is much reduced, but regulatory failure to clean up the air in Delhi under successive governments suggests that the ‘soft state’ still prevails.Of late, the soft state has also been very visible in the awful tragedy in Arpora, Goa, where a fire at an unauthorized night club, Birch by Romeo Lane, killed 21 persons.

processing, packaging, food-safety systems, branding and value-addition across all categories.Organized processors and brands are increasingly investing in modern facilities that meet food safety, traceability and quality standards, in line with the Food Safety and Standards Authority of India (FSSAI) regulations.“Nowadays consumers are far more conscious about quality, hygiene, origin and nutritional information. This is pushing the demand and companies to adopt better processing practices and introduce new products,” said Yash Gawdi, founder & CEO, Candor Foods Pvt Ltd.According to doctors, the rising consumption of dry fruits and nuts reflects a broader shift.

Mint reported earlier on 1 November that PMI, EKA and Olectra were eyeing this tender. EKA confirmed the development to Mint.

My father’s father, my Dada, was born in Sarangarh and lived out his life there. Sarangarh was one of the least consequential of over 550 ‘princely states’ when the British left in 1947, and yet it was one of those that wanted to be independent. To negotiate with Sardar Patel the terms of equal coexistence with India, a three-member delegation was sent by the King of Sarangarh to Delhi that year.

air quality-focused climate-tech startup, for a full retrofit. Today, every IntrCity SmartBus functions like a moving air-quality lab.

Subscribe to enjoy similar stories. In India’s film industry, where timing drives both buzz and box-office, a single last-minute court order can upend an entire release cycle—an industry-wide risk underscored by the recent case of Akhanda 2. The last-minute postponement of Telugu actor Nandamuri Balakrishna’s action adventure film earlier this month, after a Madras High Court order put a stay on its screening following an appeal filed by Eros International Media Ltd, proves that theatrical films continue to fall prey to delays arising from prolonged legal disputes.

Earlier this month, the Delhi high court, in separate judgements, allowed Dr Reddy’s Laboratories and Sun Pharmaceutical Industries to manufacture and export generic semaglutide to non-patent-holding countries. However, both companies cannot sell the drug domestically until innovator Novo Nordisk loses its patent-exclusivity rights in the country in March 2026.While experts said the move by Dr Reddy’s and Sun Pharma is to grab an early-mover advantage in selling the blockbuster weight-loss drug, the companies won’t be the first to enter non-patented markets.

Mint.The sustainable transport provider, which operates a fleet of more than 1,400 vehicles, is targeting BluSmart’s over 5,000 charging stations and technology stack, and has asked its interim resolution professional (IRP) to reopen the expression of interest (EoI) window after missing the initial deadline, said a person familiar with the matter.The firm is expanding its presence across its five cities of operation: Bengaluru, Hyderabad, Delhi, Mumbai, and Chennai.To be sure, Refex Mobility is a wholly owned subsidiary of conglomerate Refex Industries Ltd, which had been in talks to acquire Gensol Engineering Ltd’s 2,997 electric cars leased to the electric cab operator, but dropped the deal in March after the latter’s ratings were downgraded.Arun, who exited the ride-hailing company during its debt-repayment crisis earlier in 2025, along with chief technology officer Rishabh Sood and chief business officer Tushar Garg, joined Refex Mobility in August as its CEO.In March, credit rating agencies Icra Ltd and CARE Ratings Ltd downgraded Gensol’s credit rating to junk due to delays in debt servicing, prompting Refex Industries to cancel the ₹315-crore deal with Gensol.In April, the Securities and Exchange Board of India (Sebi) barred Gensol, its chief executive Anmol Singh Jaggi and promoter director Puneet Singh Jaggi from the securities market over charges of fund diversion.Soon, the operations of the Jaggi brothers and Punit Goyal-founded company came to a grinding halt, pushing its group companies into insolvency court.The National Company Law Tribunal’s (NCLT) Ahmedabad bench commenced BluSmart Mobility's corporate insolvency resolution process (CIRP) on 28 July on a plea filed by Catalyst Trusteeship over a default

It is welcome that the Delhi high court has rejected Novo Nordisk’s effort to extend its patent on specific formulations of the blockbuster drug semaglutide, sold as Ozempic to treat diabetes and as Wegovy for obesity. In 2013, India’s Supreme Court had set a precedent on patent ‘evergreening’ by way of offering it in a different form; it dismissed Novartis’s claim that its new variant of Glivec (effective against leukemia) deserved a separate patent from its original formulation since it offered better bioavailability and therapeutic efficacy without back-up evidence.

Subscribe to enjoy similar stories. Historically, for the people of Kashmir, there is only one shahr or city, writes Sameer Hamdani in his new book City of Kashmir—Srinagar: A Popular History. Depending on which part of Kashmir you are in, you are either going up (khasun) or down (vasun) to Srinagar. The common inclination is to look at Srinagar through the prism of militancy, violence and stone-pelting—like a fault line, there’s a clear demarcation between before and after 1990’s Srinagar.