City Delhi Financial News

Elon Musk’s Starlink and Amazon Kuiper are pushing for lower satellite spectrum prices in India. Jeff Bezos-owned Kuiper is cautioning that pricey airwaves will force global satellite internet operators to target consumers in the South Asian nation’s urban areas, instead of the original aim of giving connectivity to remote regions. Any shift in strategy to focus on urban centres would pit these global firms against Indian telecom firms such as Reliance Jio and Bharti Airtel.

interest rates right now would be hasty and potentially fraught with risk as inflation remains above target and will stay there in the near term, Reserve Bank of India (RBI) governor Shaktikanta Das said. “Inflation is moderating, with certain risks about which we have to be very vigilant,” Das said at an event organised by Bloomberg on Friday. “Therefore, a rate cut at this stage will be very premature and can be very, very risky. When your inflation is 5.5% and the next print is also expected to be high, you can’t be cutting rates at that point.” India’s retail inflation rose to a nine-month high of 5.49% in September, driven by a rise in food prices.

The ministry of skills development and entrepreneurship (MSDE) has initiated discussions with 12 central ministries seeking their requirement for skilled workers for the implementation of these schemes, a senior government official told ET. Training to these candidates will be imparted under the Pradhan Mantri Kaushal Vikas Yojana 4.0, the skilling scheme of the ministry, over the next two years.

Zomato’s move to raise fresh funds through a qualified institutional placement (QIP) despite sitting on $1.5 billion, or about Rs 12,600 crore, of cash has stirred up an already fired-up quick commerce sector. While some see it as a move to distract investors away from arch-rival Swiggy’s $1.25-billion IPO scheduled for mid-November, others fear an escalation of cash burn in the quick-commerce space, hurting unit economics, with Zepto too looking to raise fresh capital despite scooping up $1 billion over the past four months. The slug of capital that will be needed to sustain growth in the high-burn quick commerce sector is resembling the trajectory of ecommerce a decade ago, especially as Zomato’s Blinkit, Swiggy’s Instamart and Zepto diversify into categories like fashion and electronics, said an investor who has been tracking consumer internet companies.

Brighter Shores is preparing for its Early Access launch on Steam. The release date is set for November 6, with a closed beta test beginning on October 22. The game will be available for both Windows PC and Mac.

rare comet that passed over the Earth, which was last seen 80,000 years ago. The ancient comet has appeared since the age of human civilizations, and it is a rare opportunity to witness this piece of cosmic history.

Hulu has confirmed the release date for Nutcrackers, a family comedy starring Ben Stiller. The film was acquired during the Toronto International Film Festival and will be available for streaming on November 29, 2024.

According to the YouGov poll, which was made public on Wednesday, among registered voters, Harris has 51 percent support compared to Trump's 47 percent. In the three weeks leading up to the election, another 2 percent said they were still unsure. According to YouGov, not much has changed in the last several weeks, and the race is still close. Harris is ahead of women, Black voters, Hispanic American voters, and college grads among likely voters. The study reveals that Trump is in the lead among white American voters, men, and those without college degrees, as quoted in a report by The Hill.

British Airways and Air India preparing to mount new flights to capitalise on the travel boom. London is one of the most lucrative destinations for carriers connecting to India as the British capital is home to a large Indian diaspora besides being a leading tourist and business destination for Indians. British Airways operates 56 daily flights from Heathrow to Delhi, Mumbai, Chennai and Hyderabad. It will add a new daily Delhi-Heathrow flight from April next year which will augment the carrier's total flights to India to 63 per week.

Vladimir Putin said he was grateful for the concern expressed by Prime Minister Narendra Modi over the war in Ukraine. Asked at a media interaction here whether he saw a role for India in negotiating peace between Russia and Ukraine, he referred to his interactions with Modi, whom he described as a «friend», and said his country was grateful for this. Putin said it was difficult to specify a timeline on ending the war, and setting one will be difficult and counterproductive. The Russian leader blamed America and NATO for pushing Russia into the war, and said his country will prevail.

Private equity and venture capital funds' investments declined by 40 per cent to USD 8.8 billion in the September quarter, a report said on Friday. The decline in overall investments happened despite the number of deals being 26 per cent higher during the same period at 283 transactions, the report by industry lobby grouping IVCA and consultancy firm EY said. «Geopolitical tensions have created uncertainty, dampening investment sentiment as investors become more cautious, leading to slowing deal-making. This sluggishness may persist if global uncertainties continue,» the consultancy firm's partner Vivek Soni said.

Supriya Chatterjee to Managing Director, North India. In her new mandate, Supriya will lead the firm’s Delhi-NCR office, driving growth and enhancing client relationships throughout the northern region, including Jaipur. She will focus on capitalizing on emerging market opportunities in one of India’s largest and most dynamic real estate markets. She has been leading Cushman & Wakefield’s office brokerage business for North India.

Subscribe to enjoy similar stories. When fashion writer Meher Castelino first met designer Rohit Bal in 1989, one of the questions she asked was, “Are you an Indian?" They were meeting on a day that marked many firsts: A young multi-designer store Ensemble was hosting its first fashion show in Mumbai, and Bal, then in his 20s, was presenting a debut collection, featuring light-coloured, ready-to-wear men’s kurtas.

Rajnath Singh on Friday said the private sector must play a leading role in defence sector, citing its ability to drive innovation and adapt to rapid changes. Speaking at the DRDO Industry Workshop on defence technology acceleration in Delhi, Singh said, «Technology's impact on the defence sector is not limited to conventional warfare; it has given birth to unconventional warfare, including drones, cyber warfare, bio-weapons, and space defence. These elements pose challenges to the defence sector.» «I think the time has come for the private sector to take the lead in defence sector participation. I say this because the private industry has the capability not only to absorb rapid changes but also to create new innovations,» he added.

Ashneer Grover, cofounder and former managing director of BharatPe, withdrew his plea from the National Company Law Tribunal (NCLT), in which he had alleged oppressive conduct and mismanagement by the board of the fintech firm. The withdrawal of the plea from the NCLT's Delhi bench came after Grover reached a settlement with the company on September 30, 2024. A copy of the settlement agreement was also placed before the NCLT by the counsel appearing for Grover, who had filed an application for withdrawal of the petition. "… during the pendency of the said petition, parties have arrived with settlement and also executed the settlement agreement dated September 30, 2024, a copy of which is placed on record and in view of the settlement applicant (who is petitioner in the main company petition) has sought liberty to withdraw the company petition," the NCLT order dated October 14, 2024, noted.

Bill Lawrence, has shared the potential plot ideas.

In spite of former President Trump making progress recently with Latino and Black voters, the polling suggests White women are moving decidedly away from him in battleground states. Notably, in 2020, Trump won the White women's vote by seven points; whereas his current advantage has eroded to a mere one point.

Chief Justice of India DY Chandrachud has recommended the appointment of his successor justice Sanjiv Khanna, top court's senior-most judge after the CJI, to the Centre. CJI Chandrachud, who took charge on November 9, 2022, is set to demit office on November 10.

Capacity reduction by SpiceJet and ongoing supply chain challenges delaying delivery of new aircrafts are the main reasons why airlines are struggling to add capacity, say experts. According to the winter schedule released by civil aviation regulator Directorate General of Civil Aviation (DGCA), airlines have planned 25007 flights per week in the domestic sector, an increase of 5.37% over scheduled flights last winter, and a 3% increase over the ongoing summer schedule. The winter season runs from the last Sunday of October which is the 27th, to the Saturday before the last Sunday of March.

Infosys, India’s second-largest IT services company, added 2,456 employees during the second quarter of fiscal year 2025 (July-September). The total headcount at the end of September stood at 317,788, up from 315,332 in the previous quarter (April-June). In the June quarter, the headcount had dropped by 1,908 employees, marking six consecutive quarters of decline.

Bangalore International Airport Limited (BIAL) to introduce electric vertical take-off and landing (eVTOL) aircraft for urban mobility. The electric flying taxis are expected to cut down travel time and reduce vehicular pollution in Bengaluru, a city often plagued by long traffic delays, especially during the rainy season.