City New Delhi Financial News

14.01 / 04:41
Citi 22 trains to Delhi running late as dense fog shrouds city: Check list here
Azamgarh-Delhi-bound Train no. 12225 Kaifiyat Express, was delayed by 3 hours. Meanwhile, Train no.
13.01 / 18:41
UPS Waves Trade reports India has no plans to import wheat for now: Piyush Goyal
trade minister said on Saturday. «Ground reports indicate that the crop is quite good and this year's production is expected at a record 114 million metric tons,» Piyush Goyal told reporters. India banned wheat exports in 2022 after output was curtailed due to a heat wave, but more recently overseas sales picked up as Russia's invasion of Ukraine sent global prices to multi-year highs. The government has sold around 6 million metric tons of wheat to local bulk buyers since June. 1, when the state-run Food Corporation of India started selling the grain from its warehouses. Despite selling wheat from its granaries, inventories at state warehouses are likely to remain above the target of 7.46 million metric tons fixed for April 1, when a new marketing year starts, a top government official said earlier this month. The country's wheat stocks at state warehouses stood at 16.47 million metric tons as of Jan.
13.01 / 16:07
UPS Fighting Election President performer NOT I am not contesting LS polls, says former PM Deve Gowda
Prime Minister H D Deve Gowda on Saturday said he will not contest the upcoming Lok Sabha elections in view of his age. The 90-year-old JD(S) supremo said he will campaign for candidates in the elections. «I am not contesting the elections.
13.01 / 16:07
Align Trade students track country exclusive Department India asks US to make domestic H-1B visa renewals permanent, ease visas for traders & investors
India has also flagged its concerns about problems being faced by domestic businesses in getting timely visas for the US and has urged America to fast track the process, an official statement said on Saturday. These concerns were raised during the 14th India-US Trade Policy Forum held in New Delhi on Friday. It was co-chaired by the US Trade Representative Katherine Tai and Commerce and Industry Minister Piyush Goyal. “For H1B renewal visas, stamping has begun in the US on a pilot basis and we have asked them to make it permanent and for family members also,” an official told ET, adding that by April, tourist and business visa times to the US are expected to get normalised. The commerce ministry said that the two ministers noted that the movement of professional and skilled workers, students, investors and business visitors between the countries contributes immensely to enhancing bilateral economic and technological partnership.
13.01 / 14:03
FIVE security economy Trade President show country NOT "World does not give things easily, sometimes...": EAM Jaishankar on India's permanent UNSC membership
global support for India's permanent membership at the United Nations Security Council (UNSC), External Affairs Minister S Jaishankar said that sometimes things are not given generously and one has to seize it. «With each passing year, the feeling in the world is that India should be there, and I can feel that support...The world does not give things easily and generously; sometimes you have to take them,» the EAM said on a question regarding a permanent seat for India at the UNSC. The EAM was speaking at 'Manthan': Townhall meeting in Maharashtra's Nagpur. Jaishankar then pointed that India which has showed the capability of conducting a successful G20 presidency, that brought out " New Delhi Declaration" despite of diferences within the member nations,will contribute in the UNSC. «If a country has such a capability, such a country in the UNSC can actually contribute as well,» he added. On the relevance of the UN, the EAM said that in many ways, the limitations of the UN are now showing and that the organisation used to be more relevant in the 1950s-60s. United Nations (UN) is getting more and more ineffective in confronting key issues, he said, «The UN used to be more relevant in the 1950s-60s, but as the number of country's grew, it was easier for the permanent members to dominate the smaller countries.
13.01 / 11:55
Provident Aware Election RAI Courts Centre AAP alleges Delhi's slum clusters being demolished by BJP-led Centre, announces campaign against it
slum clusters in the national capital, the AAP's Delhi unit convenor Gopal Rai on Saturday said the party will launch a campaign against it and hold a protest outside the BJP headquarters here. It was decided at a meeting of AAP MLAs that the "Ghar Bachao, BJP Hatao" campaign would be launched on Sunday from New Delhi.
13.01 / 11:35
Citi community International India registers 'strong protest' against visit by British envoy to PoK, calls it "infringement of sovereignty"
Pakistan-occupied Kashmir (PoK) as «highly objectionable», India has registered a 'strong protest' with the British High Commissioner in India. This comes after British envoy Jane Marriott visited Mirpur city in the PoK region along with an official of the UK Foreign Office. «India has taken a serious note of the highly objectionable visit of the British High Commissioner in Islamabad, along with a UK Foreign Office official, to Pakistan-occupied Kashmir on 10 January 2024,» the Ministry of External Affairs said in a statement on Saturday. «Such infringement of India's sovereignty and territorial integrity is unacceptable,» it added. Foreign Secretary Vinay Kwatra has lodged a strong protest with the British High Commissioner in India on this 'infringement'. The Union Territories of Jammu and Kashmir and Ladakh «have been and shall always remain an integral part of India,» MEA added. In October last year, the US envoy to Pakistan, Donald Blome, visited the Pakistan-occupied Kashmir region. New Delhi conveyed to Washington its 'strong objection' to the visit and urged the international community to respect its «sovereignty and territorial integrity».
13.01 / 10:37
security Apple Food Trade social electronic NOT US urges India to ensure laptop import policy does not impede trade in future
Indian workers to duty-free access on goods with India’s Commerce Minister Piyush Goyal in New Delhi. While the import management system has minimized the impact on businesses, she “urged India to ensure that the end-to-end online system currently in operation and related policies do not restrict trade going forward," according to a joint statement. In October last year, India said it will allow imports of tech hardware without a mandatory license, softening curbs it had previously planned to impose.
13.01 / 03:05
UPS Waves Yellow Updates International Delhi weather update: IMD issues severe cold wave alert till 14 January; several trains delayed due to dense fog
Delhi is likely to witness a severe cold wave on 13 January, which will then reduce to cold wave on Sunday 14 January. The severe cold wave condition are also likely to continue in Punjab, Haryana, and Chandigarh till Sunday, 14 January. Notably, the IMD had issued an orange alert for severe cold wave conditions in North India till Sunday.
12.01 / 18:37
markets security Software performer track 2020 reports HCL Tech leads Wipro, peers in weak December quarter
NEW DELHI, BENGALURU : HCL Technologies Ltd has emerged as the best performer among India’s top four IT services firms in the seasonally weak December quarter, heading into the final leg of what’s expected to be a slow financial year for the sector. Both HCL Tech and Wipro Ltd, which also reported quarterly numbers on Friday, beat market estimates, making Infosys Ltd the only one of the top four–the biggest being Tata Consultancy Services Ltd–to miss Street projections. Even so, Infosys, which announced its numbers on Thursday, as did TCS, saw the biggest single-day gain for its shares on Friday since July 2020 as its earnings turned out to be not as bad as analysts had feared.
12.01 / 18:37
country Department Courts SC stays Delhi HC ruling on benefits for foreign investors with TRCs
NEW DELHI : The Supreme Court has put on hold a Delhi High Court ruling that had allowed foreign investors to benefit from zero or reduced tax rates in India based solely on possessing a tax residency certificate. Foreign investors can avail these certificates, known as TRCs, based on treaties between India and tax haven countries such as Singapore and Mauritius. This Supreme Court’s decision on Friday was in response to a petition by tax authorities challenging the Delhi High Court’s decision in a case involving Blackstone Capital Partners, a Singapore-based company facing a tax notice of about ₹108 crore.
12.01 / 15:25
UPS Provident Progressive Google Sustainability Bill play Google to allow all real-money games on Play Store
NEW DELHI : Android maker Google on Friday said it will start allowing all real-money games on its Play Store marketplace, as long as they are not illegal under local regulations. The move follows a September 2022 pilot allowing online rummy games and what Google classified as ‘daily fantasy sports’, and will be brought into effect after the pilot ends on 30 June.
12.01 / 12:23
markets Provident security Trade country social reports 14th TPF meet: USFDA inspections, social security top agenda as India, US go to trade policy talks
Trade Policy Forum (TPF) meet in New Delhi starting January 12. US Trade Representative Katherine Tai is on a three-day visit to India for this meeting. Tai and Commerce and Industry Minister Piyush Goyal will co-chair the meeting. On India's agenda are a number of key issues that include a social security pact, US audit of Indian pharma players, etc. Other issues to be raised by India are: a) delay in visa; b) increasing exports of table grapes, pharma goods, and marine products such as wild caught fish and shrimp; c) reinstating the Generalized System of Preferences (GSP) status to India; d) export control regulations for high-tech products and technologies; more access for Indian mangoes to the American market, etc. The two prime issues that will dominate the discussions this time are the social security pact and USFDA drug inspections in India, news agency PTI reported. Social security pact The Social security pact is also called a totalisation agreement.
12.01 / 12:09
UPS Action Food wellness band show shock India's retail inflation increases marginally to 5.69 per cent in December
retail inflation surged 5.69 per cent in December on an annual basis as against 5.55 per cent in November, data released by the Ministry of Statistics & Programme Implementation showed on Friday. The number has remained within the Reserve Bank of India's (RBI) tolerance band of 2-6 per cent. In the December policy meeting, the Reserve Bank of India (RBI) left the inflation aim unchanged at 5.4 per cent. In the August policy, the RBI MPC had raised its FY24 inflation forecast to 5.4 per cent from 5.1 per cent. «There has been broad based easing in core inflation, which is indicative of successful disinflation through monetary policy actions.
12.01 / 11:27
Platform President Diversity Pride social rights Shashi Tharoor highlights Sonia Gandhi's speech on Hindu liberalism to counter BJP
Shashi Tharoor on Friday highlighted a speech made two decades ago by Sonia Gandhi at the Ramakrishna Mission, emphasising how Hindu liberal thoughts contributed to India's secular identity. The Thiruvananthapuram MP's move came a day after the BJP criticised the grand old party's decision to decline the invitation to its three top leaders to attend the Ram temple consecration ceremony in Ayodhya, claiming it exposed the party's inherent opposition to India's culture and Hindu religion.
12.01 / 06:15
Aware Strategy wellness reports isolate prevention Fear of sanctions keeps SBI off Russian oil deals
NEW DELHI : State Bank of India (SBI) has long avoided payment transactions for Russian oil bought by state-run refiners to avert US sanctions that came into force on 5 December 2022, two people aware of the matter said. SBI, India’s largest lender, is the authorized dealer bank for foreign transactions of state-run refiners. The sanctions of the US treasury department’s Office of Foreign Assets Control on maritime transportation of the Russian Federation-origin oil took effect on 5 December 2022, and for seaborne transportation of petroleum products on 5 February 2023.
12.01 / 05:05
COST Target economy Sustainability country innovations Slash India aims to slash green hydrogen cost to $1 per kg by 2030: Amitabh Kant
New Delhi: India’s G20 Sherpa and former NITI Aayog chief executive Amitabh Kant emphasized the country's strategic shift towards a circular economy, citing its potential to foster environmental conservation, economic growth, and job creation. Speaking at the ‘FICCI Circular Economy Symposium’, Kant set forth an ambitious target for India to reduce the cost of green hydrogen production to $1 per kg by 2030, down from the current rate of $4.5 per kg. Kant underscored the urgency for India to accelerate its growth rate from the current 7.5 percent to between 9 and 10 percent per annum in the coming years, with a particular focus on renewable energy and green hydrogen.
12.01 / 03:49
Target Trade show country reports International India flexes maritime muscles by boosting Arabian Sea force
Indian commandos hunting pirates after an attack in the Arabian Sea illustrates New Delhi's «significant» expansion of a muscular maritime force reflecting global ambitions, analysts say. The commandos, deployed this month from an Indian-built warship after an attempted hijacking of a merchant bulk carrier, are part of a major increase of naval forces in seas where rival neighbour China has already long expanded its reach. «It's significant given the geopolitical context» and the aggressive «use of naval assets», said Uday Bhaskar, head of the New Delhi-based Society for Policy Studies think tank. In recent years Beijing has negotiated infrastructure deals with countries around the Indian Ocean as part of its Belt and Road Initiative, including Sri Lanka, the Maldives, Bangladesh and Djibouti, where it opened its first overseas military base in 2017, raising concerns among Indian officials. Now Prime Minister Narendra Modi, expected to be re-elected later this year, is looking to raise the global heft of India, the world's fifth-largest economy, which last year displaced China as the most populous country.
12.01 / 01:41
COST Provident CEO Entertainment Pool ventilators TARC to invest Rs 1200 cr in ultra luxury residential project in New Delhi, eyes Rs 4000 cr topline
Real estate company TARC Ltd, listed on NSE & BSE, has announced the launch of its ultra luxury residential project in New Delhi. The company plans to invest close to Rs 1200 crore in this high-rise project, named TARC Kailasa, which will be centrally located on main Patel Road.
12.01 / 00:37
Experts hospital patient medicines infection pneumonia Pharmaceuticals Overused, overprescribed: Antibiotics ineffective among ‘sizeable’ population
NEW DELHI : Antibiotics routinely prescribed to treat common ailments no longer work as bacteria have developed resistance to these drugs due to their overuse in India, a government body said, echoing concerns long voiced by international experts. In a report, the National Centre for Disease Control (NCDC) mentioned about third-generation cephalosporins, imidazoles, amino-glycosides, ceftriaxone, metronidazole, amikacin and piperacillin, which are used to treat cold, fever, skin diseases and urinary tract infection. Companies that make these antibiotics in India include Alkem Laboratories Ltd, Mankind Pharma Ltd, Zuventus Healthcare Ltd, Cadila Pharmaceuticals Ltd, Surya Pharmaceutical Ltd, Aristo Pharmaceuticals Pvt.
11.01 / 20:19
COST Strategy Trade country Latin week Meet next week to assess impact of Red Sea crisis on India's trade
Red Sea crisis on India's trade and thrash out a strategy to minimise impact. Officials are looking at the possibility of diverting some inventories to Australia and other countries to minimise this impact.

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