City Delhi Financial News

Hindustan Zinc surged 4% to Rs 535 in Wednesday's trade on the BSE after silver prices reached the Rs 1 lakh per kg mark in Delhi-NCR’s bullion markets on Tuesday. Hindustan Zinc is India's largest producer of silver and refined silver. Meanwhile, on Tuesday, December silver contracts on the MCX hit a new lifetime high of Rs 99,475, gaining Rs 2,019, or over 2%. March 2025 futures were trading at Rs 1,01,688, up Rs 1,847, or 1.85%.

Delhi Police has registered eight separate FIRs in connection with bomb threats to more than 90 domestic and international flights over the past eight days, officials on Tuesday said. The affected flights include services from Akasa, Air India, IndiGo and Vistara, operating from Delhi to various domestic and international destinations, they said, adding the investigation is underway. According to a senior police officer, the threats messages were received through anonymous posts on X which were later suspended by the authorities. The officer said three accounts on social media platform 'X' — @adamlanza111, @psychotichuman and @schizobomer777 have been found involved in posting threat messages to fights.

Silver prices have touched the Rs 1 lakh per kg mark in Delhi-NCR’s bullion markets, rising by over 3% or Rs 8,200 in just three weeks. Commodity experts expect a 3-5% increase in prices in the run-up to Dhanteras. Meanwhile, on the MCX, the December Silver contracts hit a new lifetime high of Rs 99,475, gaining by Rs 2019 or over 2%. The March 2025 futures were trading at Rs 1,01,688, gaining by Rs 1,847 or 1.85%.

Delhi High Court has restrained Hong Yi F5 and others, the owner and operator of a website that had replicated an earlier version of Dream 11's website, from using Dream 11's trademark, trade and domain names, its logos and tagline and layout/ user-interface of its website or any deceptively similar variant that is likely to infringe the latter’s trademark and copyright. The HC also asked GoDaddy.com LLC to transfer Hong Yi's domain name to Sporta Technologies, which owns and operates the Dream 11 fantasy sports platform that allows participants to draft virtual teams based on real players' performances in actual games. Justice Amit Bansal said that since Hong Yi F5 and other defendants have failed to take any requisite steps to contest the present suit, it is evident that they have no defence to put forth on merits. “It may be relevant to note that Hong Yi F5 did not appear before the court, despite service of summons on February 9, 2024 via e-mail. Further, no communication on behalf of the defendants have been placed on record in respect of the allegations of the plaintiffs in this suit.”

Ruchir Modi, son of former Indian Premier League chairman Lalit Modi, has filed a plea in the Delhi High Court seeking distribution of the dividends of Rs 620.83 crore, received by the K.K. Modi Family Trust companies since 2020, among the four family branches — Lalit Modi, Bina Modi, Samir Modi and Charu Modi. Justice Subramonium Prasad has given two weeks to Bina and her daughter Charu Modi to respond to the Ruchir's application. The case will be next heard on November 19. Ruchir in his fresh plea has alleged that several trust companies including Godfrey Phillips India (GPIL), IPM India Wholesale Trading and Indofil Industries have announced and distributed dividends the tune of Rs 620.83 crore to the upstream Trust companies since 2020, but he and his family branch had been kept «completely in the dark» and his family branch is entitled to a 25% share.

Go First's lessor Accipiter Investments Aircraft 2 on Tuesday moved a contempt plea in the Delhi High Court against the airline for failing to share all the documents related to its leased aircraft. These documents included technical records, aircraft status documents, and records required to ascertain the airworthiness of the aircraft. While noting down the airline’s resolution professional’s (RP) stand that he had shared all the records, the HC further directed him to supply by November 30 all the documents to Accipiter and also file a compliance report in this regard. The case will be next heard in January.

Subscribe to enjoy similar stories. For Sonia Mathur, 33, an IT professional from Delhi, the idea of preserving her fertility for the future seemed empowering on the surface, but the reality was anything but straightforward. “From the moment the doctor laid out the process—hormone injections, egg retrieval, the possibility that it might not even work—there was a knot in my stomach and questions milling in my mind.

AAP supremo Arvind Kejriwal of spending taxpayers' money on personal comfort during his tenure as Delhi chief minister. The BJP leaders alleged that Kejriwal spent crores on lavish items and modern facilities at his official residence at 6 Flagstaff Road. Kejriwal after resigning as Delhi Chief minister vacated the Flagstaff Road bungalow in Civil Lines earlier this month. In a protest near Kejriwal's current residence on Firozshah Road, Delhi BJP president Virendra Sachdeva alleged that 15 toilet seats installed at "Sheeshmahal" (Flagstaff Road bungalow) after spending lakhs of rupees were missing.

Subscribe to enjoy similar stories. Most urban Indians look down upon electoral promises of free goods and services, or “freebies", but that does not stop them from wanting some amenities for free (health and education) or at subsidized rates (gas cylinders and electricity), especially among those higher up the income ladder. That’s a key finding from the latest round of the YouGov-Mint-CPR Millennial Survey, held in July against the backdrop of a trend of election campaigns focusing on the freebies culture in politics.

Congress state legislature party leader Balasaheb Thorat on Tuesday met with Sharad Pawar of the NCP (Sharadchandra Pawar) ahead of today's meeting of the Maha Vikas Aghadi (MVA) constituents, which includes that two parties and Shiv Sena (UBT) on seat-sharing for the upcoming Maharashtra assembly polls. Shiv Sena (UBT) leader Sanjay Raut said «Congress' senior leader Balasaheb Thorat who was in Delhi has come to meet Sharad Pawar today morning. Later, he will go to Matoshree and then we Uddhav Thackeray and other Shiv Sena leaders will have a meeting with Congress leaders and then we will see what to do, but everything is fine as of now...» Yesterday, the Central Election Committee (CEC) of the Congress chaired by Congress chief Mallikarjun Kharge had met in the national capital to finalise candidates for the assembly polls.

Kushal Arora, has sparked debate on social media after posting about the sacrifices he made to earn over Rs 4 crore annually. His tweet, which highlighted his work ethic and lifestyle choices, received mixed reactions, with many users criticizing him for pressuring young people to follow a similar path.

Cyclone Dana, schools to remain closed in Ganjam, Puri, Jagatsinghpur, Kendrapara, Bhadrak, Balasore, Mayurbhanj, Keonjhar, Dhenkanal, Jajpur, Angul, Khurda, Nayagargh and Cuttack districts from October 23 to 25. India Meteorological Department (IMD) has predicted heavy rainfall in Odisha in the upcoming week as Cyclone Dana is expected landfall on October 24. Speaking to ANI, IMD scientist Soma Sen Roy said that warnings have been issued for coastal Odisha and Andaman and Nicobar Islands due to the impact of the landfall.

Amaravati greenfield capital city in Andhra Pradesh, the state government said on Monday. Municipal Minister P Narayana, who was in Delhi today, met with HUDCO chief executive Sanjay Kulshrestha and explained to him about the state's government's plans for Amaravati development.

National Capital Region (NCR), authorities will implement Stage II of the Graded Response Action Plan (GRAP) starting at 8:00 AM on October 22, 2024. The Commission for Air Quality Management (CAQM) announced this decision after Delhi recorded an Air Quality Index (AQI) of 312, marking the air quality as «Very Poor.»

Delhi Police has beefed up security arrangements in various markets, which are bustling with shoppers during the festival season, and asked the railway and Metro staff to be on high alert following the blast in front of CRPF school in Rohini's Prashant Vihar area, officials said on Monday. The strong explosion ripped through a wall of the CRPF school on Sunday morning. No one was hurt in the blast which also damaged hoardings of nearby shops and window panes of vehicles parked near the site. «We have asked our staff to keep a tight vigil on every single railway and metro station. Additional force deployment will be made to check any suspicious activities,» a senior police officer said. The officer said that joint patrolling teams with the Railway Protection Force (RPF), Government Railway Police (GRP) and other stakeholders have been deployed.

Sakshi Malik expressed that Indian wrestlers Vinesh Phogat and Bajrang Punia's choice to accept exemptions from the Asian Games trials last year negatively impacted the image of their protest against Brij Bhushan Sharan Singh. She further explained in the book that the move by the two wrestlers made the protest appear «selfish.» Malik criticised the decision to accept the exemption, stating it damaged the protest's reputation and led supporters to question the sincerity of their movement. The protest concluded after police halted their march toward the new Parliament Building on May 28, 2023. In her book, Witness, co-authored with journalist Jonathan Selvaraj, Malik noted that the protest began to falter as «greed» influenced those close to Punia and Phogat.

Rahul Gandhi apologise for allegedly tarnishing the dignity of Indian women. The PIL stemmed from a claim that Gandhi had falsely accused former Janata Dal (Secular) MP Prajwal Revanna, who is facing charges of rape and sexual abuse, of «raping 400 women and filming the act,» describing it as «mass rape» and not a sex scandal. A bench comprising Chief Justice NV Anjaria and Justice K Aravind dismissed the petition, stating that it was a waste of judicial time. The Court also imposed a Rs 25,000 fine on the petitioner, the All India Dalit Action Committee, for filing the plea. The petitioner's counsel argued that Gandhi's remarks, made during a public speech, were highly irresponsible and offensive, particularly to the women of Hassan. He pleaded the Court to issue a notice to Gandhi, compelling him to respond to the allegations.

Supreme Court on Monday dismissed a plea filed by former Delhi Chief Minister and AAP supremo Arvind Kejriwal challenging an order of the Gujarat High Court refusing to quash summons in a defamation case over his alleged remarks over Prime Minister Narendra Modi's educational qualification. A bench of Justices Hrishikesh Roy and S V N Bhatti noted that a separate bench of the apex court had junked the plea filed by AAP leader Sanjay Singh on April 8 in the same case. «We must have a consistent approach,» said the bench. The Gujarat High Court had on February 16 dismissed the pleas of Singh and Kejriwal seeking quashing of the summons issued against them in the case.

Ekta Kapoor and her mother Shobha Kapoor have landed in legal trouble. A case has been filed against them under the POCSO Act for allegedly showing inappropriate scenes involving minor girls in an episode of the ALT Balaji's web series 'Gandi Baat'. The case is related to season 6 of the web series 'Gandi Baat' on the OTT platform 'Alt Balaji'. According to Mumbai Police, a case has been registered against Balaji Telefilm Limited, Ekta Kapoor and her mother Shobha Kapoor at MHB police station in Mumbai under section 295-A of IPC, IT Act and sections 13 and 15 of POCSO Act.

sovereign defaults has finally crested, with the likes of Ghana, Sri Lanka and Zambia concluding years of painful debt reworks. But the International Monetary Fund and others worry that a dangerous liquidity shortfall could take its place in many emerging economies — setting back development, stunting climate change mitigation and fuelling distrust in governments and Western institutions. The issue, and what to do about it when western countries are increasingly loath to send money overseas, is a key topic at the IMF World Bank autumn meetings taking place in Washington, D.C. this week.