City Delhi Financial News

Akums Drugs and Pharmaceutical, the Delhi-based contract development and manufacturing organisation (CDMO) reported an adjusted net profit of Rs ₹66.7 crore, a 16% year-on-year (YoY) increase from the previous quarter led operational efficiency. Revenue declined 11.9% YoY to ₹1046.6 crore due to lower active pharmaceutical ingredient (API) prices and fluctuating demand.

AAP national convenor Arvind Kejriwal on Monday delivered a strong message to the district and booth-level party workers, asserting that their loyalty should not lie with any individual MLA or councillor, but should be tied directly to him. With Assembly elections due in Delhi early next year, Kejriwal also emphasised that the party will decide on its candidates based purely on performance and work, and not on political favouritism. Outlining his vision for the upcoming Assembly elections, Kejriwal said during an event at Kirari in north-west Delhi, «Your loyalty should not lie with any MLA or councillor. You should work as if I am contesting all the 70 seats (in Delhi).» «We will distribute tickets based on performance and rigorous surveys. It does not matter if an MLA or councillor is not selected; your allegiance should be with me as I am in front of you in all the seats,» he added.

IndiGo is working with the civil aviation ministry to explore the possibility of extending the wet lease of wide-body Boeing 777 planes from Turkish Airlines as the existing lease period is ending this week. Currently, IndiGo is operating two wet-leased Boeing 777 planes for flights from Delhi and Mumbai to Istanbul. These are also the only two wide-body aircraft that are in the fleet of the airline, which is India's largest carrier with a domestic market share of over 62 per cent. These aircraft were wet-leased to cater to the rising demand for international travel from India. IndiGo started operating its first wide-body Boeing 777 aircraft on the Delhi- Istanbul route from February 1, 2023, and began operating the Boeing 777 plane on the Mumbai-Istanbul route from May 17, 2023.

Sanjiv Khanna heard 45 cases on his first day as the 51st Chief Justice of India (CJI), and thanked lawyers and bar leaders for wishing him well. CJI Khanna entered the hallowed CJI's courtroom around noon after being sworn by President Droupadi Murmu in a brief ceremony at the Rashtrapati Bhavan. He received a rousing welcome by the bar leaders, lawyers including former attorney general and senior advocate Mukul Rohatgi. «I wish you a fruitful tenure as the CJI,» wished Rohatgi.

Subscribe to enjoy similar stories. In the lead-up to elections, Indian politics frequently centres around promises of state-sponsored ‘freebies’—or giveaways aimed at winning voter support. These range from free electricity and water to subsidized rice and laptops.

«We direct Delhi police commissioner to form a special cell to ensure effective implementation of the ban on fire crackers. We direct Delhi police commissioner to file a personal affidavit putting on record the steps taken by them to enforce ban,» it said. The top court wondered why the Delhi government delayed imposition of the ban on fire crackers till October 14, when the order of ban was issued.

Realty firm Godrej Properties' net debt rose 2% during the September quarter to ₹7,572 crore with the company focusing on land acquisition for future growth. Its net debt stood at ₹7,432 crore at the end of the June quarter, according to an investors' presentation. Godrej Properties is one of the leading developers in the country. It has a major presence in Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune, and Bengaluru. Godrej Properties plans to raise up to ₹6,000 crore through the issue of securities. The board had last month approved the proposal. The funds would be raised through the issuance of securities, including equity shares, debentures, preference shares, and/or any other eligible securities. The fundraising could be in one or more tranches through public and/or private offerings, including qualified institutions placement, rights issue, further public offer or any other mode as may be permitted under applicable laws.

S Jaishankar and Russia’s first deputy prime minister Denis Manturov will hold a brainstorming session in Delhi on Tuesday to explore sectors for India’s investments including in Far-Eastern Russia and increasing trade to reduce trade deficit, which is currently in Russia’s favour owing to huge oil exports. They will also discuss measures to smoothen the rupee-ruble payment mechanism. While the mechanism is functioning, large volumes of transactions often face delay due to limitations of the transaction mechanism. Also on the agenda is a free trade agreement between India and Eurasian Economic Union, according to people familiar with the matter. Besides, Russia is exploring to invest in India through some of the accumulated rupees, they said. “On November 12, in New Delhi, Denis Manturov jointly with Minister of External Affairs of India Dr Subrahmanyam Jaishankar will hold the 25th session of the Intergovernmental Russian-Indian Commission on Trade, Economic, Scientific, Technical and Cultural Cooperation. As part of his visit, the First Deputy Prime Minister also has a number of bilateral meetings planned,” said a statement issued by the Russian Embassy in India.

Justice Dhananjaya Yeshwant Chandrachud, often known as DYC in the legal world, has had a distinguished career that has left a lasting mark on India's judiciary. Known for his progressive ideas, dedication to justice, and compassion, Chandrachud’s journey has been both influential and inspiring.

Subscribe to enjoy similar stories. Bimal Das Gupta was one of the earliest leading abstractionists in Indian modern art.

Modi on Saturday said that wherever a Congress government is formed, that state becomes the ATM (Automated Teller Machine) of the party's 'shahi parivar'. «We won't let Maharashtra become the ATM of Congress,» Modi said, addressing a campaign rally in Akola for the November 20 state assembly elections.

Dadagiri 2, continued to charm audiences with roles in popular television shows. Some of his notable works include MTV’s Splitsvilla 5, Crime Patrol, Zindagi Dot Com, Friends, and his recent appearance in Tera Yaar Hoon Main in 2022.

Subscribe to enjoy similar stories. India's quick commerce revolution that swept up groceries to gadgets and posed a stiff challenge to retail chains and kirana shops in barely three years is now lapping at a new frontier: Medicine delivery. Tata 1mg, PharmEasy, and Apollo 24/7 are piloting ultra-fast medicine delivery services, according to key executives at these firms.

Salman Rushdie's controversial book, 'The Satanic Verses'.

Subscribe to enjoy similar stories. Seeing that I prefer fountain pens, Bibek Debroy suggested that I should write an economic history of India, telling the story through the decline of fountain pens manufacturing post-Independence. Interesting idea, but it doesn’t excite me, I replied politely, grateful for the encouragement.