City New Delhi Financial News

Also read | PM Modi schedule today: Several airport projects across states to foundation stone in UP | 7 points The GMR group stated that with the expansion, "Delhi Airport now stands among elite global hubs, boasting a 100 MPPA capacity. The integration of Arrival and Departure terminals is not just architectural; it's a transformative journey, resonating with India's ambition and connecting the nation to the world." Also read | ‘Doosri mitti ka insaan..’, says PM Modi as he inaugurates 15 airport projects, including New Delhi's Terminal 1 "Through this project, we have reimagined a seamless journey facilitated by facial recognition, self-service kiosks, and automated baggage systems.

India signed a free trade pact on Sunday with a group of European nations — Switzerland, Norway, Iceland and Liechtenstein — committing to reduce tariffs, while New Delhi receives $100 billion in investments over the next 15 years. India and the members of the European Free Trade Association (EFTA) held 21 rounds of talks over 16 years to clinch the broad-based Trade and Investment Agreement. Here are key facts about the trade pact:

Sri Lanka have reignited the row over the 2023 World Cup timed-out dismissal of Angelo Mathews after celebrating their Twenty20 series win in Bangladesh by pointing to their wrists. Bangladesh skipper Najmul Hossain Shanto told Sri Lanka's players to put the November controversy behind them and urged them to focus on the rest of the tour, which includes three one-day internationals and two Tests. «They haven't moved on from the timed-out incident,» Shanto said of the visitors' celebration following their T20 series win in Sylhet on Saturday.

Prasar Bharati and Khadi Village and Industries Commission (KVIC), celebrated a momentous occasion on Saturday as they came together to strengthen the spirit of 'Khadi for Nation and Khadi for Fashion' at the Prasar Bharati Secretariat in New Delhi. The event was attended by Manoj Kumar, Chairman KVIC, Gaurav Dwivedi, Chief Executive Officer Prasar Bharati, Priya Kumar, Director General, Doordarshan News (DD News), among other distinguished guests, and saw the launch of a new Khadi wardrobe for the news anchors of the Hindi news channel DD News and the English news channel DD India. India's Public Service Broadcaster, Prasar Bharati and Khadi India signed a Memorandum of Understanding (MOU) in September 2023, under which the anchors of DD News and DD India will now actively contribute to carrying forward India's rich heritage and modernity by wearing clothes made of Khadi.

Inox Cinema Complex in Srinagar. Hibban, says Shah, is hooked to the e-gaming zone at the complex. As night falls, they make their hour-long journey back to Tral. This very ordinary weekend activity was the stuff of dreams in Kashmir as recent as five years ago. Shah says it is safe now to drive at night, all the way back to Tral. “The Valley has been peaceful in the last few years. Some of the sectors such as tourism and construction have witnessed a boom never seen before,” Shah tells ET. Five years ago, in February 2019, a suicide attack killed 40 Indian soldiers in Pulwama, bringing New Delhi and Islamabad perilously close to a full-blown war. The incident, which happened on the eve of the 2019 general elections, drummed up nationalistic fervour in the rest of India and was one of the factors that helped BJP sweep the polls. And one of the first steps taken by the new government under Narendra Modi was to scrap Article 370 of the Constitution, a provision that granted special status to Jammu & Kashmir. The Centre divided the state into two Union territories: Jammu & Kashmir, and Ladakh. It was an unpopular decision in the Valley but there were no big protests as all local political leaders and separatist-leaning youth were under preventive detention.

New Delhi: With leading political parties having announced their first lists of candidates for the general election, the stage is set for a number of high-profile electoral battles. Annie Raja Vs Rahul Gandhi: Wayanad Congress leader Rahul Gandhi faces Annie Raja, wife of CPI leader D Raja, as he is seeking a second term from Wayanad in Kerala. The contest has aroused public interest particularly since both the Congress and CPI are members of the INDIA alliance and D Raja regularly shares the stage with Gandhi.

Ministry of Jal Shakti on Saturday launched the 'Jal Shakti Abhiyan: Catch the Rain-2024' to optimise rainwater harvesting and other sustainable water management practices. Speaking at the launch of the campaign here in the national capital, Minister for Jal Shakti Gajendra Singh Shekhawat emphasised the pivotal role of women in water management, conservation, and sustainability. The event themed 'Nari Shakti se Jal Shakti', which marked the fifth edition of the Jal Shakti Abhiyan, was held at the New Delhi Municipal Council Convention Centre. Under 'Nari Shakti se Jal Shakti', the campaign seeks to establish a strong connection between women empowerment and the sustainable management of water resources, Shekhawat said. Key highlights of the event include the screening of a documentary titled 'Jal Shakti Abhiyan 2019 to 2023'- a public-led movement marching towards water security' and unveiling of two books — 'Jal Shakti Abhiyan: 2019 to 2023' and '101 Water Champions of Jal Jeevan Mission' and talks by 'Women Water Warriors'.

NEW DELHI : Smaller regional language industries such as Malayalam, Kannada, Marathi, Bengali and Gujarati saw a dip in footfalls and revenue in 2023 despite ticket prices not rising, according to media consulting firm Ormax. This comes in a year when Hindi language box office collections may have crossed the ₹5,000 mark. Film industry experts attribute it to a challenge of quality content in these markets.

UK and India appears set to end without a breakthrough on major outstanding issues, according to people familiar with the negotiations, meaning agreement is unlikely to be reached before India holds a general election. UK officials flew back from New Delhi on Thursday night and Friday, with people close to both negotiating teams saying there were still hurdles to be overcome in goods, services and investment areas. Indian negotiators don’t have sufficient time to engage on the pending issues ahead of elections likely in April, two people familiar with the development said, refusing to be identified as the discussions are private. That means the 14th round of talks is likely to close without further discussions.

NEW DELHI : Falling water levels in hydro power dams are raising worries, as a looming summer threatens to turn up power demand and strain the electricity grid. Thanks to last year's late monsoon, scanty winter rains and lack of snowfall, reservoir levels fell 17% from a year earlier to 73.29 billion cubic metres (bcm) on Thursday, data from the Central Water Commission (CWC) showed. The levels are also nearly 3.6 percentage points below the 10-year average of 76.06 bcm.

NEW DELHI : Amidst global economic uncertainties and supply chain disruptions, the government has expanded the scope of a scheme designed to make Indian exports more competitive globally by refunding various central, state and other local duties and taxes. The government has expanded the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme to support advance authorisation holders, export-oriented units, and special economic zones.

New Delhi: The government has dropped its plan to amend the bankruptcy law to introduce a special regime for real estate developers, letting creditors instead decide whether individual projects of a distressed developer should be sold piecemeal or as a whole. Last month, the bankruptcy rule maker granted creditors such flexibility, and the government wants to first see how this works, two persons informed about the development said.

NEW DELHI : New Delhi: Big Tech firms such as Google, Microsoft and Nvidia are expected to lead India's efforts to develop a centralized computing infrastructure, which the India AI Mission, approved by the Union Cabinet on Thursday, envisions. For these firms, creating artificial intelligence (AI) computing infrastructure will entail strategic investments in India’s developing technology ecosystem, industry experts and stakeholders said.

NEW DELHI : New Delhi: Indian airports are looking to increase efficiency of their air traffic control towers, as aviation focused-UNO Technology witnesses high interest from state-run and private airport operators to introduce new features to their ATC infrastructure. "We aim to work on 3-4 projects per year. We are talking to 2-3 major private airport operators in India.

NEW DELHI, MUMBAI : The proposed free trade agreement between India and the European Free Trade Association is unlikely to address the issue of carbon tax—a key concern for domestic steelmakers looking to export to Europe. The two trading partners will instead address the issue through a separate pact later, two government officials told Mint. EFTA and India are likely to sign a free trade pact on Sunday, these officials said.

More than 96 crore Indians are registered to vote at over one million polling stations across the country in a mammoth electoral exercise with 2,400 political parties that may contest, and during which Indian Prime Minister Narendra Modi will bid for a rare third term. The Election Commission could announce in weeks the dates for general elections that Modi is widely expected to comfortably win.

LPG Cylinder Prices: India has cut LPG cylinder prices by a steep 100 rupees per cylinder, a move that will ease cost burden on households across the country in the world's most populous nation that is set to vote for the next government during the summer season. «Today, on Women's Day, our Government has decided to reduce LPG cylinder prices by Rs. 100. This will significantly ease the financial burden on millions of households across the country, especially benefiting our Nari Shakti,» Prime Minister Narendra Modi wrote on Twitter. By enhancing the affordability of cooking gas, the government also seeks to bolster the welfare of families and promote a healthier environment, Modi said, adding this move aligns with New Delhi's dedication to empowering women and guaranteeing their 'Ease of Living'.

NEW DELHI : Rating agency Moody's on Thursday raised its forecast for India's GDP growth in FY24 to 8% from 6.6% on the back of strong government expenditure and domestic consumption. The upgrade comes a week after the rating agency raised its forecast for India's GDP growth in calendar 2024 to 6.8% from 6.1%.

NEW DELHI : The Union cabinet on Thursday approved an India AI Mission, raised dearness allowance (DA) for central employees and pensioners and extended its flagship cooking gas subsidy scheme, clearing a slew of decisions ahead of the upcoming general elections. The ₹10,372 crore India AI Mission will aim to build a base of graphic processing units (GPUs), multi-modal domain-specific large language models (LLMs), and a unified data platform. It will offer an open-source database of non-personal data that can be used to train AI models and market artificial intelligence (AI) applications commercially.

NEW DELHI : Onion prices, which are sharply higher this year, are likely to stay elevated, with scanty rains hurting production of the kitchen staple. Onion output in the 2023-24 crop year may fall 15.6% to 25.4 million tonnes (mt) as key growing regions received weak rains, the agriculture ministry said. Production is expected to be lower by 3.4 mt in Maharashtra, 995,000 tonnes in Karnataka, 354,000 tonnes in Andhra Pradesh and 312,000 tonnes in Rajasthan.

NEW DELHI : India’s mobile phone exports are expected to cross ₹1.2 trillion at the end of this financial year, reaching a major milestone propelled by the government’s thrust on phone makers such as Apple and Samsung to manufacture locally. The exports would account for nearly one-third of the total domestic production of mobile phones, projected at about ₹4.1 trillion in FY24, the Indian Cellular and Electronics Association said on Thursday.