City New Delhi Financial News

Rahul Gandhi on Thursday slammed the Bharatiya Janata Party (BJP)-led Centre and said that Congress bank accounts are frozen, hindering campaign work and support to workers and candidates. Rahul Gandhi termed this “criminal action done on Congress by Prime Minister Narendra Modi and Union Home Minister Amit Shah." As reported by ANI, Rahul Gandhi said during a press conference in New Delhi, “The idea that India is a democracy is a lie. There is no democracy in India today.

Rahul Gandhi were also present at the press conference held at the Congress party headquarters in New Delhi. Kharge accused BJP of monopolising the poll resources while trying its best to prevent Congress party from contesting elections by targeting it financially.

Narendra Modi's visit to Bhutan was postponed mere hours ahead of departure due to ongoing inclement weather conditions over Paro airport. The Ministry of External Affairs is now working with its counterparts to finalise new dates for the high-profile visit. “Due to ongoing inclement weather conditions over Paro airport, it has been mutually decided to postpone the State visit of Prime Minister to Bhutan on 21-22 March 2024.

Jitendra Chaudhury on Wednesday recognised as Leader of the Opposition (LoP) in the Tripura Assembly. The post of LoP has been lying vacant after incumbent, Tipra Motha Party (TMP) MLA Animesh Debbarma quit before becoming minister in Chief Minister Manik Saha-led BJP government on March 7. Speaker Biswabandhu Sen invited Chaudhury on Wednesday and discussed the LoP-related issues and then recognised him for the post.

investigation into US claims of an attempted murder of a Sikh leader in New York found that rogue operatives not authorized by the government had been involved in the plot, according to senior officials familiar with the matter. At least one person directly involved in the alleged attempted assassination is no longer working for India’s main spy agency, the Research and Analysis Wing, the officials said, asking not to be identified because the details of the investigation haven’t been made public. The individual is still employed by the government and India hasn’t started any criminal action against him, the people said.

New Delhi: Fees of big actors, which had taken a jump after streaming platforms started buying films for huge amounts, are now correcting as the platforms turn conservative on the films they purchase. “There is a more cautious and tailored uptake of content by trade (streaming platforms), in light of which everyone in the value chain, be it actors or crew, need to recalibrate and realign with market forces and realities," said movie producer Tanuj Garg, who is managing partner at Ellipsis Entertainment.

NEW DELHI : India has emerged as the world's third-largest startup ecosystem, a development that Prime Minister Narendra Modi believes will chart the country's course towards becoming a developed nation by 2047. Addressing the audience at the Startup Mahakumbh on Wednesday, the prime minister highlighted unprecedented growth of India's startup culture.

Narendra Modi will be speaking at the Startup Mahakumbh event in New Delhi tomorrow. “At 10:30 AM tomorrow, I will be speaking at the Startup Mahakumbh, a forum which brings together stakeholders from the world of startups, innovators and upcoming entrepreneurs. India’s strides in the world of Startups has been phenomenal in the last few years,” Modi said on microblogging platform X.

NEW DELHI : Hindustan Unilever Ltd on Tuesday said it is “evaluating various options" for its India ice cream business following parent Unilever’s decision to demerge its €7.9 billion ice cream unit by the end of 2025. “The ice cream business has an inherently different business model, including a cold-chain go-to-market operating model, seasonality, and a different innovation rhythm compared to the rest of Unilever's business. As far as the Indian ice cream business is concerned, we are evaluating the various options in light of this announcement," an HUL spokesperson said in response to Mint’s queries.

Mint. A bilateral air service agreement mandates a limit on the number of seats or flights that airlines can allocate between two countries. India currently has bilateral air service agreements with 116 countries.

NEW DELHI : India’s direct tax collections, after adjusting for refunds, has jumped nearly 20% to ₹18.9 trillion this financial year until 17 March, the Central Board of Direct Taxes (CBDT) said in a statement on Tuesday. Net direct tax receipts, which includes four instalments of advance tax payment, accounts for 86% of the full-year target of ₹21.98 trillion.

NEW DELHI : Two large paintings by Sayed Haider Raza sold at two separate auctions last week for a cumulative value of ₹86 crore—both artworks emerging out of the shadows to turn the spotlight on the artist during his centenary celebrations. Raza’s 1959 painting titled Kallisté, which is Greek for ‘most beautiful’, sold on March 19 at the iconic auction house Sotheby’s for $5,619,900, or ₹46 crore. Another artwork, Paysage Agreste, which was presented at the Métayer-Mermoz auction house in Antibes, France on 17 March, sold for €4.75 million, or ₹40 crore, including the buyer's premium.

Taranjit Singh Sandhu—one of the most experienced Indian diplomats on US affairs—on Tuesday, March 19, joined the Bharatiya Janata Party (BJP) in the national capital city, Delhi. The former ambassador joined the saffron party at its headquarters in New Delhi's Deen Dayal Upadhyay Marg in the presence of party general secretaries Vinod Tawde and Tarun Chugh. The Saffron party may field Sandhu against Kuldeep Singh Dhaliwal of the Aam Aadmi Party AAP from the Amritsar constituency in Punjab in the upcoming Lok Sabha elections 2024, newswire PTI reported.

New Delhi, Former Indian ambassador to the United States Taranjit Singh Sandhu joined the BJP on Tuesday amid the possibility that he may be fielded in the Lok Sabha polls from Amritsar in Punjab. He joined the party in the presence of its general secretaries Vinod Tawde and Tarun Chugh.

Live entertainment and sports are becoming big forms of entertainment for the youth, BookMyShow founder and chief executive Ashish Hemrajani said on Tuesday. “Roti kapada makan is done, discerning people have got the money. Now they're focusing on outside of science and maths. They are focusing on art, they are focusing on music, they are focusing on sport," he said on the second day of Startup Mahakumbh in New Delhi.

Chinese handset brands operating in India are facing a tough balancing act amid continued geopolitical tensions between New Delhi and Beijing. While the Indian government is nudging these brands to add local executives in top decision-making leadership roles, many are apprehensive to come on board due to the limelight and scrutiny that comes along with the job in a Chinese company. Officials aware of the details told ET that the government is hopeful that Chinese brands will soon hire local talent for key leadership roles in their Indian operations, like what they did for distribution and marketing.

S Jaishankar. It is important to note that the India-Ukraine inter-governmental commission—established in April 1994—oversees all aspects of the bilateral relationship including trade, economic, scientific, technological, industrial and cultural cooperation. The Ukrainian foreign minister’s India visit has yet not been officially announced by either of the countries, though he is expected to be in New Delhi around March 28, the report said.

NEW DELHI : Packaged consumer goods maker Procter & Gamble India on Monday announced the appointment of Kumar Venkatasubramanian as the company's new chief executive officer, effective 1 May, 2024. Venkatasubramanian will succeed LV Vaidyanathan, who is leaving the company to pursue other interests after 28 years of service to P&G, the maker of Ariel, Tide, Whisper, Olay, and Gillette brands, it said in a statement. Vaidyanathan took over as CEO, P&G India, on 1 July, 2022.

DJ Group of Institutionsbased on Niwari Road, Modinagar, Delhi NCR, recently conducted an event marking its 3 decade long association with Bank of Baroda. The program was conducted on the sidelines of the inauguration of a new undergraduate hostel built on the DJ College campus.Mr. Rakesh Sharma, General Manager, Bank of Baroda who currently heads the New Delhi zone presided over the event as its Chief Guest.

NEW DELHI : Odisha has set an ambitious target of attracting an investment of ₹10,000 crore for its textiles sector over the next five years, with the aim to bolster the state's economy by creating more than 100,000 job opportunities. In a conversation with Mint, Bhupendra Singh Poonia, managing director, Industrial Promotion & Investment Corporation of Odisha (IPICOL), said, “The state government has approved projects in the textiles sector under the revised Industrial Policy Regulation (IPR) that offers a 30% reimbursement facility to investors in the textiles sector." Investors can expect this incentive to be disbursed in five equal annual installments, translating to a 6% reimbursement each year, starting after the commencement of commercial production.

NEW DELHI : Procter & Gamble Health Ltd, a subsidiary of the multinational consumer goods firm Procter & Gamble, is preparing to expand its portfolio of vitamins, minerals, and supplements (VMS), especially neurotrophic vitamins, under its five-year plan, Milind Thatte, MD of the company, said. The company has a portfolio that comprises 90% of VMS products, with nasal decongestant Nasivision accounting for the remainder. “We are constantly upgrading our portfolio offerings and have launched four different products in the last three to four years.