City New Delhi Financial News

NEW DELHI : After years of catering to niche audiences with limited return, India’s mobile gaming industry, comprising developers, streamers, esports platforms, and more, is gaining wider popularity. This shift is fuelled by mainstream broadcast deals and growing user willingness to pay for games.

NEW DELHI : The government move to assign nodal officers to combat movie piracy is well-intentioned, but experts expressed scepticism, anticipating a gradual impact amid operational challenges. The initiative addresses theatrical piracy, but raises concerns as it excludes OTT content and premium live broadcasting, offering limited relief to broadcasters and streaming platforms.

₹60,000 crore plan to upgrade the SU30 MKI fleet into lethal 4++ generation aircraft can be considered a facet of New Delhi’s current policy bent and objectives. While the ‘Super Sukhoi’ will include an array of domestic technologies, two aspects of it are especially revelatory. The induction of the Virupaksha AESA radar system, a gallium nitride derivative of India’s indigenous Uttam radar, followed by planned upgrades to AL31FP aero-engines are cases in point here.

Narendra Modi-led government was considering tax cuts on the import of completely built units of electric vehicles for up to five years. The policy would also allow international car manufacturers – such as Tesla – to import battery-powered vehicles on concessional duty rates if they commit to eventually building them in India. The report however indicated that a final decision was yet to be taken on the contours of the policy.

Central Government Administrative Offices located outside Delhi / New Delhi shall observe the following holidays compulsorily in addition to three holidays, to be chosen out of the 12 optional holidays indicated below.

NEW DELHI : Titan Co.’s jewellery division is witnessing a surge in demand for premium pieces, priced above ₹5 lakh, indicating a growing appetite for top-tier consumer goods. These high-end studded pieces now constitute 13% of its flagship jewellery brand Tanishq’s portfolio (excluding solitaires). The contribution was under 7% about five years ago, said a top company executive.

NEW DELHI : Retail inflation fell to a four-month low of 4.87% in October as food prices eased, prompting expectations that the central bank may yet again keep policy rates unchanged at its monetary policy review next month. Consumer Price Index (CPI)-based inflation stood at 5.02% in September, remaining within the Reserve Bank of India’s (RBI’s) comfort zone of 2-6% for the second consecutive month. In October 2022, retail inflation stood at 6.77%.

NEW DELHI : The government is considering implementing stricter norms to enforce the use of local components to bolster domestic manufacturing of electric vehicles (EVs) amid instances of companies violating phased manufacturing programme (PMP) norms by assembling vehicles with imported parts. The Union ministry of heavy industries is considering introducing a 50% domestic value addition (DVA) requirement and doing away with the phased manufacturing programme as part of its proposed Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicles in India (FAME) III, according to two people familiar with the development. DVA is calculated based on the net selling price of a product and the landed cost of imported inputs.

NEW DELHI : India’s top banks are looking to hire aggressively from the batch of 2024 in engineering, business and graduate colleges to complement hiring from the market, augment digital initiatives and compensate for losses in front-line sales staff. According to bankers and executives at some of the large engineering and management colleges, compensation could range from ₹8 lakh to ₹40 lakh, depending on the roles on offer.

NEW DELHI : The government plans to tap the offer-for-sale (OFS) route for disinvestments in listed public sector enterprises during the rest of the fiscal year instead of initiating fresh strategic sales, a government official said. “Towards the end of the fiscal year, there are usually a few OFS," the official said, adding this would not be done with the aim of meeting budget targets. “Some PSUs (public sector undertakings), where the minimum shareholding norms have to be met, may be considered," the official said on condition of anonymity.

NEW DELHI : The Centre is in talks with Rajasthan to increase procurement of wheat and coarse grains, a government official said, seeking anonymity. At present, Rajasthan buys oilseeds and pulses in larger quantities than it does wheat and coarse grains. The centre seeks to improve wheat procurement and encourage millet consumption by running the procurement drive in collaboration with state and central agencies.

NEW DELHI : Finnish telecom gear manufacturer Nokia is expecting the next wave of 5G site deployment to stem from increasing broadband reach, fixed wireless access, as well as a surge in 5G smartphone use. This comes as telecom firms plan to cut capital expenditure on 5G sites for the short term, having successfully launched the fastest 5G network globally within a year, starting October 2022. “There will be some moderation in 5G rollout.

NEW DELHI : India is scaling up efforts to secure supplies of critical and rare earth minerals, with the mines ministry inviting research and development proposals for mining technology, including deep-sea and green mining, from academic institutions. India’s plan is to establish and support R&D projects, focussing on critical, rare earth and deep-seated minerals like lithium, nickel and tungsten over three years.

New Delhi: The Ministry of Coal has laid out comprehensive plans to significantly boost coal production, targeting 1404 million tonnes (MT) by 2027 and a staggering 1577 MT by 2030, at the current level production of about one billion tonnes per annum, read an official statement from Ministry of Coal. The Ministry of Coal has taken note of the additional coal requirement for supplying to additional 80 GW thermal capacity to be added in the country by 2030. The coal requirement for additional thermal capacity would be around 400 MT at 85 per cent PLF, and the actual requirement may be lower depending on the generation requirements in the coming times due to contributions from renewable sources. Ministry of Coal has plans to produce additional quantity of coal in its production enhancement plan and will ensure adequate availability of domestic coal to thermal power plants. Production plan includes opening of new mines, expansion of mines capacity and production from captive/commercial mines.

By Nikunj Ohri, Shivangi Acharya and Sarita Chaganti Singh

Bhubaneswar: Keeping in view the additional rush of passengers in regular trains and for the convenience of passengers, East Coast Railway of Indian Railways has decided to run a special train between Puri and Patna for upcoming Chhat Puja. This special train from Puri will run as 08449 Puri-Patna Special Train and will leave from Puri at 11.30 pm on Monday and Wednesday. In the return direction, this train from Patna will leave as 08450 Patna-Puri Special.

Indian Express. He even made it clear that till the Commission for Air Quality Management's next meeting, GRAP-IV will continue in New Delhi, adding from 14 November to 14 December, the 'Anti Open Burning' campaign will be in place in Delhi.

student visa season, the US Embassy and Consulates in India granted a record-high number of student visas. In India, consular staff granted 95,269 visas in the F, M, and J categories.

ICC World Cup 2023 on November 12, the Indian batters demolished the Dutch bowling attack, as they ended up posting a mammoth total of 410/4 in 50 overs. This is the second time in the history of World Cups when India has registered a 400-plus score. The last time India posted a target of over 400 runs in a World Cup match goes back to 2007, when the team had scored 413/5 (50 overs) against Bermuda in the match played in Port of Spain.

The Delhi High Court has directed the authorities in the national capital to ensure that there are no illegal hawkers or vendors in the famous Connaught Place.

Diwali, has begun and is being celebrated around the world. During the five-day Diwali festival, people take part in festive gatherings, fireworks, feasts, and prayer. Apart from this, various rituals are followed with Goddess Lakshmi, and several other Gods and Goddesses are worshipped.