City Delhi Financial News
08.10 / 08:23
08.10 / 07:27
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'Will change name if BJP wins 20+ seats': Supriya Shrinate’s promise goes viral, netizens troll 'jalebi bai'
Haryana Assembly elections continues, the Bharatiya Janata Party (BJP) has made a surprising comeback after an early surge by the Congress party. In the initial rounds of counting on Tuesday, Congress quickly raced ahead of the BJP, prompting party workers to start celebrating in both Delhi and Haryana. Sweets were distributed, and fireworks were set off as the Congress appeared to be heading for a clear victory.
08.10 / 07:27
markets
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We received a lot of support from public: Awami Ittehad Party candidate Abdul Majid Banday
Kashmir Assembly poll is underway, Abdul Majid Banday, Awami Ittehad Party candidate from Handwara assembly constituency, on Tuesday exuded confidence in winning the election.
07.10 / 15:42
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HDFC Bank faces unscheduled downtime on net and mobile banking operations
HDFC Bank on Monday faced an unscheduled downtime on its net-banking and mobile banking operations. The downtime that lasted for more than an hour affected some customers performing NEFT and RTGS transactions through its banking channels. Customers took to microblogging website X (formerly twitter) to air their angst. «Is HDFC Bank server down?,» a customer Abhishek Choudhari wrote. «Can't access net-banking or the mobile app.»
07.10 / 15:42
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DGCA bars low visibility landings in Boeing 737 planes due to defect in rudder control
DGCA) has asked airlines with Boeing 737 planes not to do landings in less than 150 feet and to conduct training for their pilots for a scenario where the rudder is jammed, restricting its control. This is after the National Transport Safety Board (NTSB), the accident investigator of the US, issued an urgent safety alert last week for a potential rudder failure in the 737 aircraft. The incident was discovered after a United Airlines Boeing 737 Max 8 experienced “stuck” rudder pedals while landing at Newark Liberty International Airport in February. DGCA’s advisory will not immediately impact any airline as low visibility conditions with visual range as low as 150 feet is not prevailing in the country, say experts. However, if the issue is not sorted before the foggy days of December, airlines may face challenges with some of their planes barred from operating from the Delhi Airport.
07.10 / 15:42
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Decade of Transformation: Indian Army strengthens armoured capability with tank T-90
Decade of Transformation' in the Indian Army, General Upendra Dwivedi, Chief of the Army Staff on Monday witnessed the rollout ceremony of the overhauled T-90 Bhishma tank, according to a press release from the Indian Army. The successful overhaul of the T-90 Bhishma was conducted by the Corps of Electronics and Mechanical Engineers (EME) at the 505 Army Base Workshop in Delhi Cantonment. The comprehensive overhaul of the T-90 at the 505 Army Base Workshop represents a significant step in ensuring the operational readiness of the Indian Army's armoured formations, the press release said.
07.10 / 09:29
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Ola Electric's market cap falls below $5 billion for the first time since listing
Ola Electric's market capitalisation slipped below $5 billion on Monday, the first time since it listed in August. The Bengaluru-based electric two-wheeler maker's market capitalisation on the Bombay Stock Exchange (BSE) stood at $4.7 billion on October 7. After its debut on the bourses, at an issue price of Rs 76, the company’s market capitalisation had topped $7 billion. Ola has been receiving customer complaints regarding after-sales service, software glitches and hardware problems, which experts say have contributed to the decline in sales of its scooters.
07.10 / 02:33
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The need for agility in a volatile corporate world
Subscribe to enjoy similar stories. The acronym VUCA, short for volatile, uncertain, complex and ambiguous, has become a catchphrase to describe the challenges of today’s corporate world. Its origin, however, is linked to the period after Cold War in the 1990s, when geopolitical tensions between the United States and the Soviet Union peaked.
06.10 / 13:28
Strategy
Deloitte
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War
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West Asia crisis hits Iran's status as favoured place for higher studies among Kashmiri families
The families of such students are deeply perturbed over the unfolding of events, especially in the backdrop of the escalation in the Israel-Hezbollah conflict and Israel-Hamas war. Iran fired around 200 missiles into Israel on October 1 in response to Israel's killing of Hezbollah chief Hassan Nasrallah and other commanders of the militant outfit. Following the Iranian action, Israeli Prime Minister Benjamin Netanyahu said Iran will «pay» for it.
06.10 / 11:49
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Mint Explainer: Why did Karnataka HC halt CCI's action against Amazon, Flipkart
Subscribe to enjoy similar stories. Flipkart and Amazon are at a critical juncture in India as a Karnataka High Court has temporarily halted the Competition Commission of India's (CCI) investigation into the e-commerce giants over alleged anti-competitive practices and potential violations of foreign direct investment rules.
05.10 / 03:53
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Brazil's top court says X paid pending fines to wrong bank
pending fines to the proper bank, postponing its decision on whether to allow the tech firm to resume services in Brazil. The payment of the fines, which X lawyers argued that the company had paid correctly, is the only outstanding measure demanded by the court in order to authorize X to operate again in Brazil. X has been suspended since late August in Brazil, one of its largest and most coveted markets, after not complying with court orders related to hate speech moderation and failing to name a legal representative in the country, as required by law.
04.10 / 16:31
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Swiggy launches new service Bolt to deliver food in 10-15 minutes
Swiggy has rolled out a 10-minute food delivery service Bolt, the company said Under Bolt, Swiggy is offering deliveries of a limited set of items from select restaurants that will be delivered within 10 to 15 minutes. «Ten years ago, Swiggy revolutionised food delivery by cutting average wait times to 30 minutes. Now, we’re reducing that wait even further for frequently ordered items like coffee, burgers, ice cream, and biryani, partnering with trusted restaurants to deliver the best food in just 10 minutes,» Rohit Kapoor, CEO, Swiggy Food Marketplace, said in a statement.
04.10 / 13:19
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These new cryptos and ICO listings should be on your watchlist this week
Unearthing hidden crypto gems Bitcoin is worth above $58,000 in 2024. It is one of the most expensive assets in the world. However, back in 2010, it was selling for $0.05. According to CoinMarketCap, the BTC price has jumped 110000000% since July 2010. Most high-cap altcoins have similar stories to tell. The key to maintaining a rewarding crypto portfolio lies in finding new crypto gems before they break out. Presales offer affordable gateways into altcoins.
04.10 / 10:51
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Travelling to dine in the misty mountains
Subscribe to enjoy similar stories. How can we put seasons on a plate?" It is this question that continues to fire the menu at Naar, a 16-seater restaurant nestled in the lap of the Himalaya. Located in the hamlet of Darwa in Kasauli, Himachal Pradesh, the restaurant, helmed by chef Prateek Sadhu, is all set to complete a year in November, and has already become a dining destination.
03.10 / 19:53
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Third eye: Shinde's shocking claim, Raj Thackeray's film aspirations, and Kejriwal's new address
Kissa Kursi Ka...But No Counterpoint Congress leader Sushil Kumar Shinde recently claimed that the late Congressman Vilasrao Deshmukh once tried to dethrone the then CM Sharad Pawar. Shinde, the then Maharashtra Congress chief, claimed that Deshmukh surreptitiously made him sign a document, calling for Pawar's removal as the CM. With Pawar on the stage, Shinde claimed that Pawar could not believe 'till the end' how a 'smart' person like him could get trapped in such a way. Congress leaders are perplexed at Shinde's claim and that too when Deshmukh is no more to counter it. Passion, Politics and a Friendly Advise MNS chief Raj Thackeray’s movie-making ambitions are not hidden. During a recent event, Raj revealed that he once wanted to quit politics and get into film production, but his film producer friend Sajid Nadiadwala advised him to stay in politics. Raj said that he was once very frustrated in Shiv Sena (when he was in the party and Uddhav Thackeray had begun leading it). The MNS chief said that Sajid told him that being a film producer was a very tough task and that ‘he would not be able to see Raj do what he does’.
03.10 / 19:53
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Paradox Museum plans experiential centres in more Indian cities
Paradox Museum, an Athens-based interactive entertainment company, plans to invest €5 to 10 million in opening experiential centres in four to five locations across India over the next four to five years, according to a top company executive. Satish Yadav, managing director of Paradox Museum India, said each location will require an investment of €1 to 2 million. The museum offers an immersive experience through optical illusions, featuring 55 paradox-themed exhibits and 15 immersive rooms.
03.10 / 18:53
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SC slams Punjab, Haryana for not penalising farmers burning stubble
Supreme Court on Thursday hauled up the Punjab and Haryana governments for not proceeding against farmers indulging in stubble burning, a major cause for pollution and declining air standards in the Delhi-NCR region. A bench, comprising Justices Abhay S Oka and Augustine George Masih, also reprimanded the Commission for Air Quality Management (CAQM) for not launching a single prosecution against incidents of stubble burning in Delhi-NCR and adjoining areas. The top court observed that Punjab and Haryana have only exacted nominal compensation from farmers found burning stubble.
03.10 / 02:47
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Mint Quick Edit | Which way will RBI’s half-new MPC panel lean?
Subscribe to enjoy similar stories. The government has named Ram Singh, Saugata Bhattacharya and Nagesh Kumar as the three new external members of the Reserve Bank of India’s (RBI) monetary policy committee (MPC) to replace Ashima Goyal, Shashanka Bhide and Jayanth Varma, whose terms are expiring.
02.10 / 15:43
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Delhi govt to audit DISCOMs on pension surcharge issue
Atishi has ordered a special audit of power companies to look into the pension surcharge issue, an official statement said on Wednesday. To be conducted by auditors approved by the Comptroller and Auditor General (CAG), the move aims to ensure greater transparency in the pension process of the Delhi Vidyut Board (DVB), it said. The DISCOMs charge a pension surcharge of seven per cent from power consumers in their monthly bills. The surcharge is calculated as a percentage of the amount of fixed and energy cost portion of the bill. Emphasising the government's commitment towards the welfare of pensioners, Atishi stated that the well-being of DVB pensioners was a top priority. The audit is expected to bring accountability and clarity to the funding and distribution of pension benefits, ensuring that pensioners receive the support they deserve.
02.10 / 15:43
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Delhi CM Atishi okays incentive scheme to promote scrapping of old vehicles
incentive scheme to promote scrapping of old vehicles and it will be notified soon, the statement said. «The government will incentivise those who opt for the scrapping of their old vehicles, through rebate in motor-vehicle tax on buying new vehicles within three years,» said the Delhi government statement. The tax rebate will be 20 per cent on the purchase of non-commercial CNG and petrol vehicles, 15 per cent on the purchase of commercial CNG and petrol vehicles, and 10 per cent on diesel vehicles, it said.
02.10 / 11:01
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Delhi Metro's Blue Line service between Dwarka and Noida/Vaishali hit by a snag; Commuters complain of long delays
DMRC) advised passengers travelling on this route to plan their journeys accordingly, as the delays may cause inconvenience during peak travel hours. DMRC stated that normal services are operational on all other lines, ensuring that commuters have alternative options for their travel. Passengers are encouraged to check the latest updates on the DMRC website or through their official app to stay informed about service status.
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