City New Delhi Financial News

05.03 / 14:08

UPS Aware Highways country prevention International Centre may adopt new way to measure highways

New Delhi: The government plans to shift to a new method of calculating the length of highways to “better capture" the actual work on this key infrastructure, two persons aware of the plan said. The traditional linear method of calculating the length of highway, used now, will be junked in favour of measuring lane-kilometres. This would mean that a four-lane highway of 1 km each will be considered a four-km road.

05.03 / 14:07

Cooper security Trade country information gatherings International India asks South Korea to join solar alliance, Indo-Pacific Oceans Initiative

NEW DELHI : India’s external affairs minister S. Jaishankar on Tuesday pitched for South Korea to participate in India-led initiatives such as the International Solar Alliance, the Coalition for Disaster Resilient Infrastructure, and the Indo-Pacific Oceans Initiative. Jaishankar is in South Korea for a two-day visit, during which he will chair a joint commission meeting with his Korean counterpart.

05.03 / 13:45

Target Man WhatsApp Kerala man killed in Israel leaves behind pregnant wife, 5 year old child

Indian man, Pat Nibin Maxwell, was tragically killed in a missile strike near the Israel-Lebanon border on Monday. The attack, which targeted an orchard in northern Israel, also injured two other Kerala natives, Paul Melvin and Bush Joseph George. Maxwell, who hailed from Kollam, Kerala, had only been in Israel for two months, leaving behind his pregnant wife and five-year-old daughter. His family received the devastating news in a phone call from his wife on Monday evening, learning of his initial injury and later, his passing. «He was in Muscat and Dubai and then returned home,» Maxwell's father, Pathrose, recounted. «Then, he went to Israel. First my elder son went there. A week later, my younger son followed.»

05.03 / 11:45

UPS IPO Landmark security wellness Features Popular Vehicles to be India’s second listed auto dealership chain

NEW DELHI : Kerala-based auto dealership network Popular Vehicles is gearing up to become the second listed automotive dealer in India, following Landmark Cars’ ₹552 crore public share issue in December 2022. Popular Vehicles’ initial public offering, featuring an offer for sale by private equity firm BanyanTree Capital and a fresh issue of ₹250 crore, is set to open for subscription this month. BanyanTree holds a 34% stake in the company.

05.03 / 08:11

Citi Provident Platform Food Diversity stage Schools IRCTC partners with Swiggy for food delivery at railway stations

IRCTC) has announced a collaboration with online food delivery platform Swiggy to supply and deliver pre-ordered meals to passengers. The delivery of the pre-ordered meals will be done through IRCTC’s e-catering portal.

05.03 / 05:03

UPS Digital security Trade country travelers Mint Explainer: What’s on Jaishankar’s agenda in South Korea and Japan?

Mint breaks down his agenda. Jaishankar will first travel to Seoul, where he is expected to chair the 10th India-Korea Joint Commission Meeting with the new South Korean foreign minister Cho Tae-yul. At previous meetings, the two countries have focused on supply-chain security and collaborating on advanced technologies.

05.03 / 00:57

markets FIVE Aware Manufacturing country reports testing Centre working on new plan to deter counterfeit products

NEW DELHI : The Centre is planning to create a new system to identify and contain the flood of counterfeit goods in the retail market, two people aware of the development said. The surveillance system will ensure that every good sold in the retail market meets the standards for which a licence was issued, and also that only authorized products are manufactured, the people added. If deviations are noticed, manufacturers’ licences may be cancelled, and they may also have to pay hefty penalties.

05.03 / 00:47

UPS Twitter love medicines Schools Vaccines Ben Greenfield lends heft to Mukesh Bansal’s biohacking venture

Ben Greenfield, well-known fitness consultant, ‘biohacker’ and triathlon runner, whose list of high-profile clients includes Twitter cofounder Jack Dorsey, is consulting with serial entrepreneur Mukesh Bansal to help him set up a chain of biohacking centres across the country. These centres, which employ popular practices of biohacking and age reversal, will provide various therapies and consultations, among other services.

04.03 / 19:24

Action WhatsApp Bill 2020 Finance Minister Sitharaman asks CBIC to settle classification issues

enforcement heads of state and central goods and services tax (GST) to settle tax cases linked to classification at its earliest. In her address at a conference of enforcement chief of the state and the central GST formations in New Delhi, she told officials to engage with stakeholders to understand their concerns, enhance compliance, streamline processes, and work collaboratively towards making the tax system more transparent and efficient. «Clarity on classification related issues should be looked into at the earliest through appropriate channels,» the Finance Ministry said in a statement quoting Sitaraman.

04.03 / 18:01

markets Citi Airlines travelers Traffic International Destinations International airlines vie for the Indian globetrotter

NEW DELHI : Indians are flying overseas like never before. And airlines are taking swift measures to cater to the rising demand. This January has seen 6.52 million people take off for foreign destinations from India, 17% more than January 2023 and, significantly, 0.5% higher than the pre-covid level of January 2020 as well.

04.03 / 17:31

markets Citi Bill country cover reports India in talks with Venezuela, Guyana for crude oil amid OPEC+ production cuts

NEW DELHI : India is in talks with several countries including Guyana, Suriname and Namibia to source crude oil at a time when the Organization of the Petroleum Exporting Countries and its allies have decided to extend their production cuts. India will also source oil from Venezuela in lieu of stuck dividends worth $600 million, Union minister for petroleum and natural gas, Hardeep Singh Puri, said on Monday. The country will comfortably navigate through any market volatility and supply crunch arising as a result of the OPEC cuts, he added.

04.03 / 17:31

Digital Platform Mobile social information reports Department India launches Chakshu—a platform for reporting fraud calls and texts

NEW DELHI : India has rolled out a digital platform that will allow individuals to flag calls and text messages by fraudsters, adding a layer of protection against faceless criminals using tech to rob people of their money. The department of telecommunication’s new platform, Chakshu, simplifies reporting on fraud calls and messages, and allows for real-time intelligence-sharing among several stakeholders.

04.03 / 15:08

markets Citi Bill country cover reports India turns to Venezuela, Guyana after OPEC+ extends production cuts

NEW DELHI : India is in talks with several countries including Guyana, Suriname and Namibia to source crude oil after the Organization of the Petroleum Exporting Countries and its allies decided to extend production cuts. India will also source oil from Venezuela in lieu of stuck dividends worth $600 million, Union minister for petroleum and natural gas, Hardeep Singh Puri, said on Monday. The country will comfortably navigate through any market volatility and supply crunch arising as a result of the OPEC cuts, he added.

04.03 / 14:57

markets Reuters Google show country prevention Indian startups ask antitrust body to order Google to restore apps after 'brazen' move

By Aditya Kalra

04.03 / 14:17

UPS wellness RAI electronic travelers strain Apparel retailers await recovery in demand after a dull festive season and weak

NEW DELHI : Apparel retailers expect demand to pick up over the next two quarters, after witnessing lukewarm sales in the festival season and winter. A tepid wedding season coupled with a warmer December dragged down demand for clothing, said several top retailers. Consumers are also spending on other discretionary categories such as travel and eating out, straining demand for products such as clothing and electronics.

04.03 / 12:41

Platform Entertainment Sony film Warner Bros show Videos International For content studios, there’s no such thing as over-the-top loyalty

NEW DELHI : Gadar 2, the Sunny Deol-starring action movie that released in theatres in August, went on to become the eighth highest-grossing Hindi film of all time, fetching its producer and distributor Zee Studios a neat pocket. If you want to watch the movie now, it’s available on Zee5, Zee Entertainment Enterprises’ video-streaming, or over-the-top, platform. But only the original Hindi version.

04.03 / 09:17

UPS Target Manufacturing Sustainability reports International JSL’s Hisar plant to be hub for green hydrogen production

NEW DELHI : Jindal Stainless Ltd is set to upgrade its facilities in Hisar, Haryana as a green hub for manufacturing in a couple of years, in preparation for the new European carbon tax that starts in 2026, said managing director Abhyuday Jindal. The company on Monday inaugurated India’s first green hydrogen stainless steel plant in partnership with Hygenco India Pvt. Ltd at Hisar.

04.03 / 07:25

UPS Manufacturing economy Moodys show performer country Moody's upgrades India's 2024 GDP growth forecast to 6.8%

NEW DELHI : Rating agency Moody's on Monday raised its forecast for India's GDP growth in 2024, reflecting both global and domestic optimism in the country's economy on the back of robust manufacturing activity and infrastructure spending. "India’s economy has performed well and stronger-than-expected data in 2023 has caused us to raise our 2024 growth estimate to 6.8% from 6.1%," the rating agency said in its Global Macro Outlook 2024-25.

04.03 / 05:43

Man security RAI 2020 Videos BJP candidate Upendra Singh Rawat's fake' obscene video goes viral, case filed

PTI that in the video circulated online, a man is seen in an objectionable position with a woman, and the person seen in this video is said to be Upendra Singh Rawat. "As soon as I got the party's ticket from Barabanki, my opponents did this act", claiming that the video is completely doctored. I hope the accused will be identified soon," he said.

04.03 / 04:35

markets Citi economy Trade Experts country Latin Latin America's largest lender Itau eyes a share of India's banking pie

NEW DELHI, MUMBAI : Latin America's largest lender Itau is looking to open a branch in India, two people aware of the development said. Representatives from Itaú Unibanco Holding SA's retail, wholesale and asset management divisions held preliminary talks with government officials in New Delhi and expressed their willingness to open shop in the country, the people cited above said on condition of anonymity. Foreign banks seeking to enter India need to secure approval from the Reserve Bank of India (RBI).

04.03 / 01:19

Aware Action Trade country Department guidelines rights Pesky callers have had a free run for too long. That may be about to end

NEW DELHI : Unwanted promotional calls from unregistered phone numbers may attract stringent action in the near future, with the Central Consumer Protection Authority (CCPA) preparing to crack down on the practice. The CCPA is meeting industry stakeholders this week to finalize a mechanism to end unsolicited commercial calls and messages, two people aware of the matter said.

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