City New Delhi Financial News

NEW DELHI : The growth in private investments in fixed assets cooled in 2022-23 after a rebound in the year before when it recovered from a pandemic-induced contraction, official data showed. Unless exports revive and wage growth fuels domestic consumption, private investments may not improve in the coming year either. Private investments in fixed assets rose 6.4% in real terms in 2022-23 to ₹19.7 trillion at 2011-12 prices, after a 16.4% growth in 2021-22.

NEW DELHI : New Delhi: Amid shifting dynamics in the film industry post-covid, content-driven movies, lacking big budgets or star power, are strategically leveraging international film festivals to bolster their marketing initiatives for theatrical releases in India. In recent weeks, Zee Studios’ Joram, Karan Johar’s Kill, and Aamir Khan-backed Laapata Ladies, among others, have announced theatrical releases after touring the international film festival circuit.

NEW DELHI : Mukesh Ambani-led Reliance Industries Ltd (RIL) is looking to enter pumped storage projects (PSP) for hydro power as it focuses closely on clean energy, two people aware of the plans said. The company's subsidiary Reliance New Energy is scouting for sites for the projects, the people cited above said on condition of anonymity. PSPs use cheap green power during off-peak hours to lift water to a height and release it into a lower reservoir to turn turbines that generate electricity when the demand for electricity goes up.

SAO PAULO/BENGALURU/BARCELONA (Reuters) — Indian police have detained three men and are searching for four others accused of attacking two tourists and gang-raping the woman, authorities and the couple said.

BJP has given priority to winnability over background while choosing its candidates in the first list of 195 to meet its ambitious target of 370 seats in the forthcoming Lok Sabha elections. The saffron party has fielded Rajya Sabha MPs, dynasts, defectors from other parties, even MPs — barring two — who had courted controversies in the past, and controversial celebrities to score a decisive mandate. The list also underlines that, along with Narendra Modi’s popularity, the candidates and cadre too play an important role. Around 20 percent of the sitting MPs have been dropped in the first list and the reason is their lacklustre performance of low chances of winning.

Central Council for Research in Ayurvedic Sciences (CCRAS) functioning under the ayush ministry, in collaboration with the Indian Council of Medical Research (ICMR), has initiated a clinical trial to study the efficacy and safety of Punarnavadi Mandura alone and in combination with Drakshavaleha, compared to iron folic acid, in the treatment of anaemia among non-pregnant women of the reproductive age group. The announcement on the multi-centre clinical trial on anaemia will be made by Union Minister of AYUSH Sarbananda Sonowal and Union Health Minister Mansukh Mandaviya on Monday, according to an official statement. The research study on anaemia has been titled «Efficacy and safety of Punarnavadi Mandura alone and in combination with Drakshavaleha compared to iron folic acid in the treatment of moderate iron deficiency anaemia among non-pregnant women of reproductive age group: a community-based three-arm multi-centre randomised controlled trial».

NEW DELHI : Dismal sales of ‘Bharat’ rice, a subsidized grain aimed at helping curb its market price, have made the Centre changed its strategy. The government’s new plan is to take subsidized rice as well as atta (wheat flour) to markets where their intake is high in a targeted attempt to increase their consumption and cool prices, two senior officials aware of the matter said. The new plan is in the works after only 7.2% of Bharat rice, compared to a high 84.6% of Bharat atta that were lifted from government warehouses by three agencies managed to sell, the first of the two officials said on condition of anonymity.

NEW DELHI : The governor of Argentina’s lithium-rich Catamarca province Raúl Jalil is to visit India this year, said the country’s largest state-owned mining firm Camyen, in a potential boost to in India’s lithium sourcing play. India is keen to secure assured supplies of lithium, widely used in making batteries for electric vehicles. In January this year, Camyen and India’s state-owned mining firm Kabil signed an agreement for the latter to explore and develop five lithium blocks.

The Indian Express. Pakistan has also decided to hold its National Day celebrations in New Delhi for the first time since 2019. For India until May this year -- when the Lok Sabha poll results would be declared, it will be a wait and watch situation to assess the vision of the Pakistan’s military-backed new Sharif-Zardari government.

Indian Navy has now introduced the kurta-pyjama attire into the naval messes. The recently permitted naval ethnic attire made its debut at a Naval Officers' Mess in New Delhi. Indian Navy Chief Admiral R Hari Kumar, Vice Chief Vice Admiral Dinesh Tripathi and other naval officers wore the recently permitted naval ethnic attire, Officials said on Sunday.

By Aditya Kalra

Union Minister Shripad Naik will contest from North Goa Lok Sabha seat on a BJP ticket for the sixth time in a row. Naik, who is Union Minister of State for Tourism and Ports, Shipping and Waterways, has been MP since 1999 from the seat, formerly called Panaji Lok Sabha between 1971 and 2004.

BJP Candidate List 2024: Stepping into the Lok Sabha elections 2024 with a target to win 370 seats, the Bhartiya Janata Party (BJP) on Saturday released the first list of its candidates on Saturday. BJP announced its candidates on 195 seats across 16 states. While most of the candidates were along the expected lines, there were some notable exclusions from the first list.

195 candidates released on March 2 came from the national capital. The saffron party has fielded four new faces among five candidates for the seven seats in Delhi. The first list did not feature names of sitting members of parliament such as Union Minister Meenakshi Lekhi (New Delhi), former Union Minister Harsh Vardhan (Chandni Chowk), Ramesh Bidhuri (South Delhi, Pravesh Vema (West Delhi).

Follow BJP candidate list Lok Sabha 2024 LIVE Updates here After getting a BJP ticker from the New Delhi Lok Sabha constituency, Bansuri Swaraj said, "I feel grateful. I express gratitude towards Prime Minister Narendra Modi, Home Minister Amit Shah ji, (BJP national chief) JP Nadda ji and every BJP worker for giving me this opportunity. With the resolution of 'ab ki baar 400 paar', every BJP worker will work to make Narendra Modi the 'PradhanSewak' for the third time." Bansuri Swaraj is the daughter of former Union minister Sushma Swaraj.

Bansuri Swaraj who was appointed as the co-convenor of the BJP Delhi's legal cell last year is all set to make her Lok Sabha poll debut after her name was included in the first list of BJP with other top leaders such as Narendra Modi, Rajnath Singh, Smriti Irani and others. Read More: BJP's first list of candidates for 2024 Lok Sabha Polls out; PM Modi to contest from Varanasi. Check full list here «I feel grateful. I express gratitude towards PM Modi, HM Amit Shah ji, JP Nadda ji and every BJP worker for giving me this opportunity. With the resolution of 'ab ki baar 400 paar', every BJP worker will work to make Narendra Modi the 'PradhanSewak' for the third time,» said Bansuri Swaraj. Apart from expressing gratitude to the BJP central figures, she thanked Sangathan Mahamantri Pawan Rana, Jay Panda, her elder sister Alka Gujjar for getting the opportunity to fight in the upcoming polls.

WTO ended here without any decision on permanent solution for public stockholding of food, and members’ inability to reach a consensus on fishery subsidies. However, the WTO extended the moratorium on ecommerce transmissions by two years. The MC13 was supposed to end on February 29 but was extended by a day as countries failed to reach common ground on food security issue, India’s key demand. The meeting of the highest decision making body of the WTO entered the fifth day on Friday with key members including India, the US and EU holding talks to iron out differences on issues such as agriculture, fisheries subsidies, WTO reforms and duty moratorium on e-commerce trade.

NEW DELHI : All existing single-lane national highways will be converted to double lanes, and having two lanes with paved shoulders will be mandatory to get an NH tag in future, two people aware of the road ministry’s plans said. The new criterion will be defined in the rules governing construction of national highways. A paved shoulder is part of a highway adjacent to the regularly travelled portion on the same level.

NEW DELHI : Power distribution companies across the country are scrambling to procure more electricity than they usually do for summers, with hotter-than-normal temperatures expected until May this year coinciding with the national election. On Friday, the India Meteorological Department forecast ‘above normal’ maximum temperatures in most parts of the country until May. Plus, the general elections, expected to be held in April-May, could spike demand further as state governments tend to ensure uninterrupted power supply at that time.

New Delhi: Pharmaceutical companies may have to switch to transparent bottles for eye drops so that consumers can ascertain the clarity of eye drops before using them, said people aware of the matter. The Drug Controller General of India (DCGI) has called a meeting with pharma lobby groups on Monday to discuss the matter as the regulatory authority proposes to make amendments to the Drugs and Cosmetics Rules, 1945 with respect to the packaging of eye drops, they said. The Drugs Consultative Committee (DCC), a technical body of experts, had deliberated on the issue in its meeting last year after it received representation to amend the Drugs and Cosmetics Rules, 1945 with respect to concerns raised on the packing of eye drops in opaque plastic vials or bottles by pharmaceutical companies on the basis of historical testing results of eye drops sampling. The tests showed that most of the samples failed in the description due to particulate matter and contamination.

NEW DELHI : The era of inordinately long waiting periods for passenger vehicles may be ending as carmakers continued to ship a record number in February, building up stock in the dealership network. Carmakers will therefore have to keep a close watch on demand, as inventories, which have already reached 26 days, are likely to pile up in showrooms with original equipment manufacturers having been able to fulfil pending orders and incremental sales depending solely on the pace of fresh demand, a top industry executive said.