City New Delhi Financial News
08.01 / 04:15
markets
Citi
Aviat
Aware
Strategy
International
Destinations
Destination Asia for Adani's airport business
NEW DELHI , BENGALURU : The Adani Group is looking to take its airports business global beginning with the Far East and Southeast Asia, a top executive aware of the development said. The expansion would be part of the second phase of the airport plans of the group, which entered the sector in 2020. “The new strategy will run parallel to the domestic expansion strategy through acquisition of airports being divested by the government, and also looking at bidding for greenfield airports," the executive said on the condition of anonymity.
07.01 / 19:27
UPS
Target
Progressive
Aware
economy
Highways
Passenger vehicle makers miss fuel efficiency targets
carbon dioxide emissions by 45% by 2030 from the 2005 levels. Indian makers of passengers vehicles comprising cars, vans, and utility vehicles achieved corporate average fuel economy (CAFE)- a measure of carbon emission of a vehicle — of 116.78 gm per km in the year ended March 31 2023, missing the target of 113 gm per km set by the ministry of road transport & highways (MoRTH), said several people aware of developments. «It's still work-in-progress, and we have yet to take a final call. There will be a lot of stakeholder consultations cutting across various ministries.
07.01 / 19:26
Election
BAY
Trade
President
peace
Just 40% voting in Bangladesh Parliamentary polls
Sheikh Hasina is set to return to power for a fourth straight term in office as early results point to sweeping victory for her party, Awami League, in the parliamentary elections. The polls were boycotted by the main Opposition Bangladesh Nationalist Party. India's close partner in the eastern neighbourhood went to polls on Sunday. Chief Election Commissioner Kazi Habibul Awal said the 12th Jatiya Sangsad elections were held almost peacefully, with around 40% voter turnout.
07.01 / 17:58
COST
Provident
Highways
wellness
country
guidelines
Soil from landfills to build highways
New Delhi: The government will soon come out with policy guidelines mandating the use of urban solid waste in all highway projects across the country. The plan aims to reduce the use of soil from agricultural land for building embankments for highways, as well as provide a viable outlet for millions of tonnes of solid waste from landfills.
07.01 / 17:55
UPS
Provident
security
Election
Experts
social
reports
2024
budget 2024
A pleasant surprise awaits personal income tax payers in interim budget 2024-25
NEW DELHI : The interim budget on 1 February is likely to increase the tax rebate under the new personal income tax regime, two people close to the discussions said, giving relief for the middle class ahead of the approaching general elections. The plan is to raise the tax rebate, which is now available for income up to ₹7 lakh, to about ₹7.5 lakh under the new regime, the people said on the condition of anonymity. Tax rebate eligibility is calculated on the net income after taking into account standard deduction of ₹50,000.
07.01 / 14:44
Waves
reports
isolate
Department
IMD forecasts rain for Delhi, north, central India in next 48 hours; cold spell thereafter
NEW DELHI : Forecasting a fresh spell of moderate rainfall over central and adjoining northwest India, including Delhi, the India Meteorological Department (IMD) Sunday said a fresh western disturbance will impact Western Himalayan regions in the next 48 hours. Issuing an orange alert for Haryana, Punjab, Delhi, Madhya Pradesh, and parts of Rajasthan for Monday and Tuesday, the weather department’s bulletin said “A fresh rainfall spell likely over northwest and central India on January 8 and 9." The weather department also issued an alert for thunderstorms and hailstorms at isolated places in West Madhya Pradesh in the next 24 hours and East Rajasthan on Monday and Tuesday.
07.01 / 13:19
UPS
Assurant
security
Remark
President
information
Envoy takes up minister's derogatory remarks against PM Modi with Maldivian govt
Maldives government the derogatory remarks made by a deputy minister in the island nation, sources informed on Sunday. The development comes amid growing outrage over Maldivian Deputy Minister of Youth Empowerment, Mariyam Shiuna's post on X, making a mocking and disrespectful reference to Prime Minister Modi over his recent visit to Lakshadweep, which lies close to Maldives. The post by Shiuna — which has now been deleted — featured images of PM Modi from his recent visit to the Union Territory. «With regards to the recent remarks by the Maldives Deputy Minister of Youth Empowerment, Mariyam Shiuna, the Indian High Commissioner has taken up the matter in Male,» a source said. Earlier in the day, former Maldives President Mohamed Nasheed condemned the derogatory remarks made by the Shiuna and urged President Mohamed Muizzu to distance the government from the comments. Saying that India was «instrumental» in the security and prosperity of Maldives, the former premier called on Muizzu to give an assurance to New Delhi that the comments don't reflect government policy. «What appalling language by Maldives Government official @shiuna_m towards the leader of a key ally, that is instrumental for Maldives' security and prosperity.
07.01 / 13:12
Aware
economy
Trade
country
electronic
reports
India, Israel FTA on backburner due to West Asia crisis
NEW DELHI : Talks between India and Israel on a free trade agreement have hit the skids due to hurdles posed by the ongoing conflict in West Asia, according to two people aware of the matter. The conflict, which began after the militant group Hamas launched a terror attack on Israel on 7 October, has consumed much of the focus of India-Israel ties, one of them said. "It (the conflict) has become a major obstacle to the regular pace of talks (on free trade agreement) between the negotiating teams," this person added.
07.01 / 11:53
UPS
Qualcomm
Research
President
country
innovations
Centre
Qualcomm India to invest ₹177.27 cr for new design centre
NEW DELHI : Qualcomm India will invest ₹177.27 crore in setting up a design centre in Chennai, the chipmaker said at the Tamil Nadu Global Investors Meet on Sunday. The centre will focus on innovations in areas that complement wi-fi technologies and contribute to Qualcomm’s global research and development efforts in 5G cellular technology, the company said.
06.01 / 16:32
UPS
Trade
Bangladesh votes today; Hasina aims to return for 4th term
incumbent Prime Minister and New Delhi's close ally, Sheikh Hasina, looks to return to power for the fourth straight term amid boycott by the Opposition Bangladesh Nationalist Party. A total of 1,896 candidates are in the fray for the 300 seats. This time, 5.1% of the total candidates are women — the highest such share ever. Counting will begin after polls end on Sunday afternoon.
06.01 / 14:59
COST
Airlines
security
Discover
reports
travelers
Department
PM’s plane broke down in Jamaica during family vacation, requiring 2nd aircraft
Justin Trudeau to Jamaica for a family vacation had a maintenance issue prior to his planned return to Canada this week, prompting a second plane to be flown to the Caribbean island, the Department of National Defence (DND) said Friday.A spokesperson for the department told Global News the issue with the CC-144 Challenger aircraft was discovered during an inspection on Tuesday.A second Challenger carrying a maintenance team was then dispatched to Jamaica on Wednesday and “returned the (original) aircraft to serviceability,” the spokesperson, Andrée-Anne Poulin, said.“The (second) aircraft remained in the area as a back-up if necessary, and the Prime Minister was able to return on the original aircraft” on Thursday, Poulin said.The department did not say what the specific mechanical issue was.The Prime Minister’s Office declined to comment on the problem with the plane, referring questions to DND.The CC-144 Challenger planes were brought into service this fall to replace the military’s aging CC-150 Polaris fleet, which had been used since the 1990s. For decades, one of those Polaris aircraft was dedicated to transporting prime ministers and Canadian delegations, but was plagued with problems in recent years.In September, Trudeau was forced to spend an extra two days in New Delhi, where he had travelled for the G20 leaders’ summit, after the Polaris was grounded over a technical issue discovered during pre-flight checks.
06.01 / 09:50
FIVE
Aware
Career
show
stage
country
Courts
Sexual harassment
Sexual harassment case: Delhi Police concludes arguments on charges against ex WFI chief Brij Bhushan Sharan Singh
Delhi Police has concluded its arguments on the framing of charges against former Wrestling Federation of India (WFI) chief and BJP MP Brij Bhushan Sharan Singh in an alleged sexual harassment case lodged against him by women wrestlers. This matter is at the stage of framing charges before the Rouse Avenue Court. The Delhi Police argued that the incidents of alleged sexual harassment that took place overseas and within the country, including New Delhi, were part of the same transaction. Therefore, the court has jurisdiction to try this case. After hearing arguments of the Delhi Police, the court listed the matter on January 20 and 23.
06.01 / 00:54
markets
UPS
Trade
Experts
country
International
NOT
Steel imports are rising, but India is not worried
New Delhi: Union steel minister Jyotiraditya Scindia said India becoming a net importer of steel between April and November this fiscal year is not a concern for the government, terming the imports a drop in the ocean of total steel consumption in the country. “Indian steel production has gone up by 12.9% y-o-y (year-on-year). So, more steel is being produced, but the demand is also much more," he said.
05.01 / 17:12
Target
FIVE
security
Trade
reports
evacuation
Updates
Indian navy evacuated 21 crew members from a bulk carrier targeted by hijackers in the Arabian Sea
Indian navy commandos have safely evacuated 21 crew members from a Liberian-flagged bulk carrier involved in a hijacking attempt in the Arabian Sea
05.01 / 12:21
markets
Citi
Digital
trends
Trade
reports
Updates
Marico sees single-digit drop in Q3 revenue
NEW DELHI : Marico’s consolidated revenue in the December quarter declined in low single digits on a year-on-year basis, although operating profit saw a low double-digit growth, the company said in a quarterly update. The maker of Parachute oil also said it expects a low single-digit jump in domestic volumes for the December quarter, driven by improved demand for its flagship products, mainly in the cities.
05.01 / 11:22
COST
UPS
Target
rights
Support
Slash
Energy transition to cost state oil firms more as govt set to slash support pack
Indian Oil Corp. and Bharat Petroleum Corp. Ltd., both under government control, had initially planned rights issues to raise up to 220 billion rupees and 180 billion rupees, respectively, with government backing.
05.01 / 09:35
Target
rights
Support
India may halve Budget support to state-run oil firms for energy transition
oil refiners it could halve a proposed Rs 30,000-crore ($3.6 billion) package aimed at supporting investments to manage the energy transition. State-controlled Indian Oil Corp. and Bharat Petroleum Corp.
05.01 / 08:25
security
Election
country
Mint Explainer: The significance of Bangladesh’s election for India
least developed country. Bangladesh’s GDP in 2023 is estimated to have grown at 6%, as per a World Bank report. There are several other compelling factors to why India would be keenly watching the results of the 7 January poll in the country it helped gain independence from Pakistan in 1971.
05.01 / 06:11
UPS
Art
country
Pregnancy
reports
medicines
donates
Centre
Centre seeks surrogacy data from states under new regulations
NEW DELHI : The Centre has asked states for comprehensive data on the number of successful pregnancies achieved through surrogacy and assisted reproductive technology (ART), including cases involving married, single, divorced, and widowed women. This request, part of an effort to evaluate the effectiveness of the Surrogacy Act and the ART Act, introduced in 2021, was issued on 22 December, with a response deadline set for 1 January. The move follows reports on lapses by several IVF clinics across the country in complying with the rules, said an official from the union health ministry.
05.01 / 02:24
Progressive
Strategy
Trade
country
Relationships
International
Chinese daily hails India's foreign policy led by PM Modi, says ‘moving towards great power’
China, has commended India's economic strategies and diplomatic accomplishments during the last four years under Prime Minister Modi's leadership. This positive assessment was articulated in an article titled “Bharat Narrative," highlighting New Delhi's strategic thinking in “foreign policy has evolved, moving towards a great power strategy." Also Read: Jaishankar dismisses 'West as bad guy' narrative, sheds light on Global South's rising role in diplomacy An article by Zhang Jiadong, who serves as the Director of the Centre for South Asian Studies at Fudan University in Shanghai, emphasized India's notable advancements during the preceding four years.
04.01 / 14:58
Manufacturing
Trade
country
2020
reports
Department
International
Support
Support for toy manufacturing to continue through import duty and QCO measures
toy manufacturing in the country through import duties and quality control orders. Addressing journalists in New Delhi, Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Rajesh Kumar Singh said the proposal of having a PLI scheme on toys has been put on hold and a third-party audit of the white goods PLI will be conducted. Responding to a query on the decision to put the toy PLI proposal on hold, he said, “Currently we are focused on getting these 14 PLI schemes up and running in a good way.
latest developments in city New Delhi
What is the current situation in city New Delhi?
In city New Delhi, the spotlight is on major events that affect the region’s daily life.
Where can I find reliable news about city New Delhi?
We publish reliable reports about the situation in city New Delhi, based on information from trusted sources.
What shapes the media agenda in city New Delhi?
The news landscape of city New Delhi is shaped by key decisions by local authorities, reflecting its local way of life.