City New Delhi Financial News
21.12 / 18:25
Provident
Man
Action
Fighting
Strategy
rock
‘Space given to terrorists, anti-India elements’: India to Canada after Justin Trudeau's ‘tonal shift’ jibe
Justin Trudeau's jibe that New Delhi's ties with Ottawa may have undergone a ‘tonal shift’ saying that the core issue with Canada is that it gives space to separatists, terrorists and anti-India elements. Ministry of External Affairs (MEA) spokesperson Arindam Bagchi said, "Our position has been consistent. We have highlighted how we see the problem and frankly, the core issue remains the space that is given to extremists, terrorists and anti-India elements in that country." "I would not like to say whether they have noted a shift or not.
21.12 / 18:21
FIVE
Waters
Manufacturing
Platform
Waaree Energies to invest $1 bn to set up solar facility in Texas
NEW DELHI : Mumbai-based Waaree Energies will invest up to $1 billion in setting up a solar module manufacturing plant in Texas, US. The facility, to be located in Brookshire, will have an initial capacity to manufacture 3 gigawatts (GW) of solar modules annually by the end of 2024.
21.12 / 14:23
Provident
FIVE
Platform
Action
Bill
President
'Conspiracy to convert Parliament into platform for ruling party': Mallikarjun Kharge on suspension of 146 MPs
100 MPs now suspended from Lok Sabha as Opposition leaders protest, total tally reaches 146 "The biggest challenge is that the people holding constitutional positions, who are responsible for providing protection to the opposition MPs, are themselves becoming a part of party politics and doing politics using caste, region and occupation as their shield," Mallikarjun Kharge said at the CWC meet, adding, "[There is a] conspiracy to convert Parliament into platform for ruling party." "Country [is] watching how BJP is strangulating democracy by arbitrarily passing key bills without discussion," Mallikarjun Kharge said. Addressing party leaders at a crucial meeting of the Congress Working Committee (CWC) at the AICC headquarters in New Delhi, Mallikarjun Kharge said the Congress has learnt valuable lessons from its mistakes in the Assembly elections and is "committed to not repeating them".
21.12 / 14:19
Target
economy
Fitch
pandemic
Experts
show
country
Reforming sovereign credit rating process need of the hour: CEA
NEW DELHI : Credit rating agencies need to reform their sovereign rating process to correctly reflect the default risk of developing economies, saving billions in funding costs, the government’s chief economic adviser, V Anantha Nageswaran, said on Thursday. His comments coincide with India seeking an upgrade to its sovereign credit rating, currently at the lowest possible investment grade, as the South Asian nation has seen its economic metrics improve considerably since the pandemic.
21.12 / 14:15
Provident
Booking
Bill
information
Lok Sabha passes upgraded statute governing publications
NEW DELHI : The Lok Sabha has passed the Press and Registration of Periodicals Bill, 2023, repealing the colonial-era Press and Registration of Books Act, 1867, simplifying the process of allotment of titles and registration of periodicals through an online system. The Rajya Sabha had already passed the Bill during the monsoon session.
21.12 / 09:35
show
information
reports
Department
Fire breaks out at commercial building in Delhi's Barakhamba
fire broke out at a commercial building in New Delhi's Barakhamba Road area on Thursday afternoon, officials said. They said that the fire broke out on the eleventh floor of the building.
21.12 / 06:30
Provident
Fighting
Align
Exodus
President
reports
Congress-TMC alliance: Navigating mistrust amid BJP challenge
Congress unit appearing reluctant to engage in an electoral pact. With both the Congress and TMC key allies of INDIA opposition bloc, unofficial reports have indicated initiation of seat-sharing talks between the two. The political landscape shifted notably when West Bengal Chief Minister and TMC leader Mamata Banerjee expressed confidence in a three-way alliance involving the TMC, Congress, and the Left, eliciting mixed reactions from the CPI(M) and Congress in the eastern state.
21.12 / 04:40
Manufacturing
track
reports
travelers
end
Karnataka to get 4th Vande Bharat Express connecting Bengaluru-Coimbatore by December-end
HT reported. It will be the second Vande Bharat Express between Karnataka and Tamil Nadu. One such train travels between Chennai, Bengaluru, and Mysuru.
20.12 / 18:58
Experts
Virus
SARS-CoV-2
reports
infection
strain
symptoms
Covid is spiking again. Just how serious is it now?
NEW DELHI : A new strain of covid-19 has emerged in the country, raising concerns. The first recorded instance of this virus, known as JN.1, was found in Kerala on 8 December in a 78-year-old woman. More cases have been detected since.
20.12 / 18:52
Target
Action
Entertainment
Metro
Southern
film
audience
Dual delight: Theatres set to cash in on the Yuletide box office clash
NEW DELHI : Shah Rukh Khan’s Dunki and Prabhas’ Telugu film Salaar are gearing up for a box office clash this weekend during the Christmas holidays. While this may spark a screen tussle in select markets, theatres across India expect to end the year on a high note considering that the two films target different demographics.
20.12 / 18:51
Cooper
Booking
pandemic
country
reports
travelers
Travel sector to keep soaring: Thomas Cook's Madhavan Menon
NEW DELHI : The year that’s drawing to a close saw many more young Indians flying abroad than before, a trend that Madhavan Menon, executive chairman, Thomas Cook India, expects to continue in the years ahead. In an interview, Menon spoke about visa-free travel, hotel rates and emerging trends. Edited excerpts: There is enough and more written about 2023, and it has been a great year, despite challenges of higher airfare, travel and hotel costs.
20.12 / 18:50
Provident
Target
Manufacturing
CEO
economy
2020
Runaya to expand its portfolio, eyes mine tailings treatment biz
NEW DELHI : Vedanta Group company Runaya is planning to enter the mine tailings treatment space, as it seeks to expand its portfolio, Naivedya Agarwal, co-founder and CEO, said. Tailings are basically the leftovers or by-product of the mining process, which need to be managed or disposed after the valuable mineral is separated from the ore. Runaya has already ventured into recovery of materials from zinc and started a facility for smelting zinc waste to recover minerals like nickel, cadmium, cobalt, lithium, Agarwal said in an interview.
20.12 / 18:50
Manufacturing
President
India’s auto parts makers’ H1FY24 sales up at ₹2.98 tn
NEW DELHI : India’s auto parts makers generated a revenue of ₹2.98 trillion ($36.1 billion) in the first half this fiscal year, driven by robust demand from automotive original equipment manufacturers (OEMs) and a slight increase in exports despite high inflation in the western markets. The H1FY24 turnover marked a 12.6% increase from the same period a year earlier. Data released by Automotive Component Manufacturers Association of India (ACMA), the country’s apex body of auto parts makers, said that exports of auto components grew marginally by 2.7% to $10.4 billion ( ₹85,870 crore), while imports rose 3.6% to $10.6 billion ( ₹87,420 crore).
20.12 / 18:49
Provident
Enterprise
Experts
show
country
Department
CBDT amends safe harbour norms for MNC group transactions
NEW DELHI : The Central Board of Direct Taxes (CBDT) has amended the Income Tax rules to liberalize the 'safe harbour' norms that allow multinational companies to avoid rigorous audit of their cross-border transactions by following certain requirements. The changes introduced through the Income-tax (Twenty-Ninth Amendment) Rules, 2023 will be effective from 1 April 2024, showed an official order. Cross-border transactions of MNCs among their group entities are an area tax authorities keep a close watch on due to the potential of these transactions for artificial shifting of profits from one jurisdiction to another.
20.12 / 14:39
Citi
Target
Cooper
Man
Citizens
reports
Department
Canadian Prime Minister Justin Trudeau sees shift in India relations after US plot revealed: CBC
Justin Trudeau said he senses a change in India's tone with Ottawa after the United States warned New Delhi about its involvement in a thwarted plot to kill a Sikh separatist leader on U.S. soil, the CBC reported on Wednesday. «I think there is a beginning of an understanding that they can't bluster their way through this and there is an openness to collaborating in a way that perhaps they were less open before,» Trudeau said in an interview with the Canadian Broadcasting Corp. «There's an understanding that maybe, maybe just churning out attacks against Canada isn't going to make this problem go away,» he added. Trudeau announced Sept.
20.12 / 14:07
Citi
Target
Booking
country
cover
reports
DLF sells independent floors, commercial plots worth ₹1,400 crore in Gurugram, Panchkula
₹1,400 crore in Gurugram and Panchkula, in Haryana, the realty firm said on Wednesday. DLF said that it has launched two projects in Sector 67, Gurugram and Panchkula. “We have launched and completely sold out 75 shop-cum-office (SCO) plots in our new project 'Central 67' Gurugram," DLF Home Developers joint managing director and chief business officer Aakash Ohri told reporters in New Delhi.
20.12 / 09:44
Gap
country
Asia feels the sting of India's onion export ban
Asian buyers, who are scrambling for cheaper alternatives, particularly as New Delhi is unlikely to lift the curbs before general elections next year. The world's biggest exporter of onions banned shipments on Dec. 8 after domestic prices more than doubled in three months following a drop in production. Now retail shoppers from Kathmandu to Colombo are struggling with high prices, since traditional Asian buyers, such as Bangladesh, Malaysia and Nepal, and even the United Arab Emirates, rely on imports from India to bridge domestic gaps.
20.12 / 08:50
Landmark
Action
show
track
country
voice
The crux of India's stance at climate negotiations, explained
As a developing nation that’s also the world’s third largest greenhouse gas (GHG) emitter, India’s position always sparks curiosity at the annual climate change summits. For starters, pitching itself as a voice for the “global south" is sometimes at odds with its current contributions to global warming. Vulnerable island states find this fact hard to ignore; so do developed nations that dislike being made global punching bags over the crisis.
20.12 / 08:34
Citi
IPO
Target
Digital
CEO
Platform
Mobile
Paytm CEO Vijay Shekhar Sharma bets on young wealth to hit profit sooner
Paytm plans to revamp its online wealth management services and hire more than 50,000 salespeople to get more merchants on its network, aiming to hit profitability sooner than targeted. Billionaire founder-CEO Vijay Shekhar Sharma is overhauling its suite of money management products to better tap growing wealth among younger users, who’re warmer to the idea of investing online. At the same time, it’s orchestrating a campaign to boost its salesforce more than 60% to try and sign up more merchants across smaller Indian cities and towns.
20.12 / 07:42
Career
Assurant
Strategy
President
social
donates
'Proposed Mallikarjun Kharge's name,' Mamata Banerjee on PM's face for INDIA bloc | Watch
Arvind Kejriwal have proposed Mallikarjun Kharghe's name for the PM's face of the INDIA bloc. "I have proposed Congress President Mallikarjun Kharge's name. Arvind Kejriwal supported my proposal," the West Bengal CM said in a statement.
20.12 / 06:28
Target
President
performer
Police complaint against TMC MP for mimicry of VP in Parliament complex
Congress MP Kalyan Banerjee for his mimicry of Vice President Jagdeep Dhankhar on the premises of the Parliament complex. Banerjee derisively mimicked Dhankhar during the opposition's protest on the stairs of Parliament on Tuesday against the suspension of MPs, drawing strong condemnation from the ruling BJP. Rahul Gandhi was seen making a video of the performance by Banerjee who appeared to mimic the way Dhankhar walked by leaning forward and made reference to having a spine.
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