City New Delhi Financial News

NEW DELHI : The government does not have an immediate plan to resume talks with protesting farmers, but it will find a solution soon, Union agriculture and farmers' welfare minister Arjun Munda said on Wednesday. He is in a group of ministers engaging with farmers on their current protests. The fourth round of talks which took place over a week ago in Chandigarh was inconclusive, driving farmers to resume their ‘Delhi chalo’ protest.

By Aditya Kalra, Munsif Vengattil and Dawn Chmielewski

NEW DELHI : New Delhi: The crisis in the Red Sea, one of the world’s busiest trade corridors, hit global merchandise trade volumes in 2023, according to Ngozi Okonjo-Iweala, director-general, World Trade Organization (WTO). These disruptions, coupled with a global economic slowdown, likely led to a less than 0.8% increase in global merchandise trade volumes in 2023, falling short of the WTO's April projection, Okonjo-Iweala said while speaking at the business forum on the third day of the 13th Ministerial Conference (MC13) in Abu Dhabi.

NEW DELHI : The ministry of corporate affairs will look into making changes to rules and regulations issued under the Companies Act and other laws, said a person informed about discussions in the government, in a post-election push on ease of business. The changes will be based on suggestions from the public and self-regulators of accountants and company secretaries, which arre expected by the middle of March. Regulators like the Insolvency and Bankruptcy Board of India (IBBI) and the National Financial Reporting Authority (NFRA) will make the changes in regulations that are needed, the person said.

Himachal Pradesh Minister of the Public Works Department (PWD) Vikramaditya Singh stepped down from his position, a day after the Rajya Sabha election result in the state. In Assam, Goswami was the former MLA of Jorhat, he is headed to New Delhi where he is likely to join BJP. Earlier on Tuesday, when asked about the speculations of Goswami switching sides, Assam CM Himanta Biswa Sarma had said he had no information about it, but "he is a powerful leader of the Congress and if he joins the BJP, I will welcome it".

By Mohi Narayan

S Jaishankar answers why India-US ties bloomed during Donald Trump's presidency The previous homeland security dialogue took place in January 2022. 1. According to ANI news agency, India is likely to discuss issues linked to Khalistani separatist Gurpatwant Singh Pannun and several fugitives residing in the US.

New Delhi: The taxman will defer to secured creditors such as banks while sharing the proceeds of a bankruptcy rescue, two people aware of the government’s plans said. The Centre will amend the Insolvency and Bankruptcy Code (IBC) to unambiguously state that tax authorities will be below secured creditors having a charge on the assets of a corporate borrower in hierarchy while distributing the proceeds, the people cited above said on condition of anonymity. This is a key proposal in the amendments to the IBC that the ministry of corporate affairs has prepared in consultation with the sector’s rule maker Insolvency and Bankruptcy Board of India (IBBI).

New Delhi/Mumbai: India plans to seek a four-year delay in the start date of the European Union’s contentious carbon tax to provide more breathing space to its exporting industries, multiple people aware of the matter said. Under the EU’s carbon control regime that kicks off in 2026, emissions should be reduced 2.5% in the first year and reduced every year after that, and eliminated by 2034. There are different targets set for every year and the current plan aims to reduce emissions by 48.5% by 2030.

Mint on the sidelines of the Bharat Tex event in New Delhi. Mehta said Indian retailers also raised concerns around ease of doing business for foreign retailers. “The other issue, of course, was the various FDI regulations and ease of doing business.

NEW DELHI : The board of directors of Zee Entertainment Enterprises Ltd (ZEEL) has expanded and strengthened the role of the independent advisory committee set up last week to review and examine all allegations raised by the regulatory agencies against the company, its promoters and key managerial personnel through a deep-dive exercise. The committee will take necessary measures to investigate the allegations, with the sole interest to protect the rights of the company’s shareholders and other stakeholders, ZEEL said in a statement on Tuesday.

NEW DELHI : New Delhi: The 13th Ministerial Conference (MCA 13) of the World Trade Organization on Tuesday announced new rules to streamline the international trade in services. These regulations, which apply on a Most Favored Nation (MFN) basis, aim to make authorization processes more transparent and accessible, with commitments to gender equality. The reduction in barriers to the services trade could have a substantial economic impact, particularly benefiting poorer countries, and emerging economies like India that are driven by services, experts said.

NEW DELHI : Skoda Auto is looking to double its sales in India by 2026 with the launch of its affordably priced compact SUV next year. As part of its broader plan for the country, the Czech automaker hopes to ship out as many as 100,000 cars in 2026, more than twice the number of vehicles it sold in 2023, a top company official said on Tuesday.

NEW DELHI : The Indian Space Research Organisation (Isro) on Tuesday revealed the first four astronauts selected for India’s human spaceflight programme, Gaganyaan. The astronauts are test pilots with the Indian Air Force, and will be a part of the country’s first ever manned space mission that is scheduled for take-off by the end of next year. The astronauts—Group Captains Prashanth Balakrishnan Nair, Ajit Krishnan and Angad Pratap, and Wing Commander Subhanshu Shukla—were offered designatory astronaut-wing badges by Prime Minister Narendra Modi at an event at the Vikram Sarabhai Space Centre in Thiruvananthapuram, Isro’s headquarters.

NEW DELHI : Roche Pharma India, a subsidiary of the Swiss pharmaceutical giant Roche, has launched monoclonal antibody drug, Ocrevus (ocrelizumab) in India for the treatment of multiple sclerosis. The company said Ocrevus is the first disease-modifying therapy (DMT) for both relapsing multiple sclerosis (RRMS) and primary progressive multiple sclerosis (PPMS) and targets 150,000-200,000 patients diagnosed with multiple sclerosis in India. The drug is being launched in India after almost seven years of it being approved by the US Food and Drug Administration (FDA) for global use.

NEW DELHI : India will not grant permission to domestic rice exporters to participate in United Nations World Food Program (WFP) tenders, a senior official told Mint, a move that risks stoking global food security concerns. This is the first time New Delhi has taken such a measure, which is yet to be announced publicly.

Delhi Chief Minister and party's national convener Arvind Kejriwal. AAP leader Sandeep Pathak made the Lok Sabha candidate list announcement, “There will be a total of 23 (Lok Sabha) candidates of AAP, of which five have already been announced. Today, we are announcing five more candidates of which four are from Delhi and one from Haryana.

Indian nationals hired by Moscow, with the help of recruiters around the world, for the Russian army in Ukraine. Two years into the war tens of thousands of Russian soldiers have died in Ukraine, and Moscow is on a global quest for more combatants, sometimes with the assistance — complicit or oblivious — of informal intermediaries. An Indian translator working in a military recruitment centre in Moscow told AFP journalists in New Delhi that his facility was one of a network across Russia.

Nirmala Sitharaman and Jaishankar) will contest the Lok Sabha elections. It has not been decided yet from where they will fight, whether it is in Karnataka or some other state," Joshi told reporters on Monday. When questioned if the Union Ministers will contest from Bengaluru, Joshi, who holds the Coal and Mines portfolio, said he cannot answer it since nothing has been finalised yet.

Sony Group Corp. dodged a bullet when its lawyers nixed a $10 billion Indian merger that executives had spent two years trying to bring to fruition. The spurned target hasn’t been as lucky. Zee Entertainment Enterprises Ltd. has no other suitors on the horizon, and its founders’ mounting legal troubles are threatening to engulf the firm. To foreign investors, the Sony-Zee saga is a reminder of the need to approach Indian deals with an abundance of caution. In 2008, Daiichi Sankyo Co. shelled out $4.6 billion to buy Ranbaxy Laboratories Ltd., a generic drugmaker, from New Delhi-based brothers Malvinder Singh and Shivinder Singh. Shortly after, US regulators barred more than 30 drugs made at two of the Indian company's plants and halted reviews of new products at one of the factories because the firm had falsified data. Daiichi got pulled into a rabbit hole to win an arbitration award against the brothers for suppressing facts, and then to get it enforced. Sixteen years later, governance at many Indian family-controlled firms isn’t any better. The market watchdog, which is investigating Zee’s founder Subhash Chandra and his son Punit Goenka, the chief executive officer, for siphoning funds from the publicly traded firm, has found a 20 billion rupee ($241 million) diversion, roughly 10 times bigger than what was revealed to a preliminary probe.

cross-border remittances has found support from many World Trade Organization members including the European Union, officials said. Except for the US, most countries have favoured a work programme at the WTO for cheaper, faster and more accessible cross-border payments including remittances. Separately, Indonesia has backed New Delhi's proposal to reinvigorate the work under the Work Programme on Electronic Commerce, which requires structured discussion on trade-related issues over global e-commerce, taking into account the economic, financial and development needs of developing countries. Last week, New Delhi pushed for promoting interoperability and interlinkages of digital payment infrastructure including fast payment systems to lower transaction costs.