City New Delhi Financial News

By Shivangi Acharya

An alliance of nations that push for more solar power worldwide are set to announce nearly $35 million for projects such as mini grids and rooftop installations, mainly in Africa, according to the group’s director general

Dipan Mehta, Director, Elixir Equities, says “one should never analyse L&T on a consolidated basis because due to the software business and the NBFC, you will never realise that value. L&T is never going to sell off those stakes and unlock value for its shareholders and those companies are already listed. So, I do not want to double count them when I am doing the valuation calculation for L&T. If you start to value only the EPC business and the unlisted subsidiaries, then it is a slightly reasonable valuation.” We have been talking quite extensively about the real estate space as well as a whole, the kind of promising opportunity given that there are a few formidable players in New Delhi, Gurgaon, etc. Is there a ripe opportunity still at play when it comes to real estate? At corrections, why not? And, although a lot of the real estate stocks are quoting at or around their net asset value, the fact is that the opportunities are keeping on growing for the sector and these companies and I have seen quarter after quarter because of either joint development agreements or because of price increases or acquisition of land bank, these companies have started to report even higher and higher net asset value or the net realisable value of these companies.

multilateralism has been a hallmark of India’s G20 Presidency, which is now entering its final lap. The concluding paragraphs of the G20 New Delhi Leaders’ Declaration reiterated a commitment to the G20’s continued operation “in the spirit of multilateralism, on the basis of consensus, with all members participating on an equal footing in all its events…”.

World Cup matches in the two megacities. “BCCI is sensitive to environmental concerns. I took up the matter formally with the ICC and there won’t be any fireworks display in Mumbai, which can add to the pollution level," said BCCI secretary Jay Shah in a statement on Wednesday.

Indian Railways will operate the fully reservation-based Patna-New Delhi Special Vande Bharat Express for a total of six trips. Earlier, Indian Railways announced 283 festival special trains for Diwali and Chhath Puja.

NEW DELHI : Foreign electric vehicle (EV) makers such as Tesla Inc. seeking an Indian foothold may have relief at hand, with the government considering lower import duties for EVs up to a certain price level, two people familiar with the discussions said. All completely built-up (CBUs) vehicles priced below $40,000 now face an import duty of 70%, and a new national EV policy may slash it to 15-30% for EVs priced up to $25,000-35,000, the people said on the condition of anonymity.

new restaurants, pubs, bars and cloud kitchens will be opening their doors this quarter across metropolitan cities as well as tier II-III towns for the New Year. Restaurateurs told ET they are looking to capitalise on the highest demand they are seeing since the pandemic. MMG Group, master franchisee for burgers-and-fries chain McDonald's in the north and east, plans almost as many new QSRs in the current quarter alone as in all of the previous year. «We will be opening 18 outlets in this quarter across New Delhi, Kolkata, Punjab, Haryana, Himachal Pradesh, Uttar Pradesh and the Delhi-Mumbai Expressway (area),» said Sanjeev Agarwal, chairman of MMG Group and McDonald's India North and East.

NEW DELHI : The government is reviewing the country’s legal framework to identify gaps that financial offenders could exploit for laundering money, with possible tweaks in rules and regulations expected over the next few weeks, two people familiar with the development said. The focus is to ensure the legal system stands the scrutiny of the Financial Action Task Force (FATF) recommendations. India is undergoing a peer review by the UN body, which assesses the technical compliance of its recommendations and the effectiveness of a country’s anti-money laundering and anti-terror financing framework.

NEW DELHI : India will investigate the notifications sent by iPhone maker Apple Inc. to several users, including members of Parliament (MPs) from the Opposition parties, claiming state-sponsored attackers were attempting to compromise their Apple devices.

NEW DELHI : Government procurement of paddy has fallen as farmers hold back on selling their crop, hoping for sops ahead of Assembly elections in five states this year. The union government, through the federal Food Corporation of India (FCI) and state agencies, has procured 14.7 million tonnes (mt) of paddy in the ongoing kharif marketing season that started on 1 October, as against 15.9 million tonnes in the corresponding period last year. The slow progress is due to farmers holding back their crops in the hope of bonuses or special announcements ahead of the five state assembly elections from 7 November this year, a government official said.

NEW DELHI : Consulting firm Deloitte is set to introduce a practice to help businesses measure the extent of trust regulators, investors, customers and the public place in them to help them identify areas for improvement and raise their trustworthiness among stakeholders. The consulting firm is currently assessing the top 1,000 companies by size in India, including listed ones, based on about 90 parameters to figure out where they stand in terms of stakeholder trust.

New Delhi: India is set to emerge as a design and manufacturing hub for semiconductors in the next five years, said Ashwini Vaishnaw, the Union minister for electronics and information technology, in a conversation with Hindustan Times editor-in-chief R. Sukumar during a virtual session that kick-started the 21st edition of the Hindustan Times Leadership Summit on Tuesday. India, Vaishnaw argued, has three core strengths that will power its growth in this sector.

New Delhi, 27th October-2023 – Simpolo Tiles & Bathware, a pioneer in innovative surface solutions, has once again pushed the boundaries of design excellence with its latest offerings showcased at the Perspective-2023 event. The event, a testament to Simpolo's unique perspective on design, concepts, and innovation, provided a comprehensive insight into their forward-thinking product development approach. This year, Simpolo introduces the groundbreaking ‘StrongX’ surface, setting a new standard for matte finishes with its zero shine and absence of reflection.

New Delhi: The chief executives of Air India and Akasa Air have privately exchanged barbs over the poaching of pilots, with the latter accusing its bigger rival of rule violations, provoking a reply that collusion to curb job switching can breach competition law. The exchange, detailed in a Sept. 21 letter seen by Reuters, spotlights growing competition in India's aviation market, as a strong rebound in air travel after the pandemic, coupled with a flurry of orders for new aircraft, lead to a shortage of pilots.

Trudeau had said that Canada had ‘credible evidence’ that India and its intelligentsia were involved in the June killing of Canada-based Pro-Khalistan terrorist Hardeep Singh Nijjar in Surrey. The months that followed saw apprehension of Canada restricting Visa for Indians, while India restricted entry for Canadian citizens in India.

Afghanistan's superlative display has been the story of the 2023 World Cup and former England batsman Jonathan Trott has been its mastermind, lending a certain method to the madness of the rag-tag bunch of players at his disposal. Afghanistan have long been perceived as a team built around their enviable bunch of crafty spinners, while their batting lineup was nearly entirely made of reckless sloggers. They managed one win in their World Cup debut in 2015 and none in 2019, which only strengthened the perception that the 50-overs format was probably not their cup of tea. It took three giant-killing acts by Hashmatullah Shahidi and his men to turn that notion on its head and Afghanistan now have outright chances of making the semi-finals of the 10-team tournament. They stunned holders England in New Delhi and proved it was no fluke with comprehensive victories against 1992 winners Pakistan and 1996 champions Sri Lanka to move to the fifth place in the points table. The clinical manner of their chase and the comprehensive nature of their victories belie their stature as a so-called 'minnow' of the game and their fans have demanded their wins should no longer be termed as 'upset'. Trott, who took over the coaching reins in July, said it was the result of some serious hard work to get their batting and basics right for the tournament. «The way that we train, the way we think about our cricket, certainly with batting,… we're starting to see also the confidence in the players, in their own ability,» Trott, who played 52 tests between 2009-2015, said after Monday's victory against Sri Lanka. «There's such an amount of talent, and we've just given a bit of structure, a bit of a gameplan, understanding what makes them the

PTI. According to lead researcher Brittany Krzyzanowski from the institute, previous studies have shown fine particulate matter, or PM2.5 can cause inflammation in the brain, which is "a known mechanism by which Parkinson's disease could develop". Published in the journal Neurology, the US researchers have found that the relationship between air pollution and Parkinson's disease was not the same in every part of the United States, as it varies in strength by region.

New Delhi: Gentari Sdn Bhd, GIC Holdings Pte Ltd and AM Green, promoted by Greenko founders, recently announced plans for one of the world’s largest green-ammonia plants. In an email interview, Greenko founder, president and joint managing director Mahesh Kolli said an equity raise for AM Green Molecules, AM Green Technology & Solutions, and AM Green International would be done at an "appropriate time".

AI for positive and sustainable impact across India, as well as those working to ensure the benefits of India's digital transformation are inclusive, equitable and safe. Recently, Annie Lewin, senior director, global advocacy and head of Asia Pacific, Google.org, was in New Delhi to announce a $4 million grant to CyberPeace Foundation to help 40 million people combat misinformation across India and $3.3 million to Wadhwani AI to protect India's staple crops with AI-powered pest mitigation technology.

Indian Railways has unveiled a plan to introduce 283 festival special trains for the Diwali and Chhath Puja celebrations, special Vande Bharat Express train from Delhi to Patna is scheduled to take 3-4 trips during Chhath Puja. As reported by The New Indian Express citing a railway official, “this will be the first time that Indian Railways will be exhibiting a high degree of obeisance to the Chhath deity, by running the special Vande Bharat train between Patna and New Delhi." Also Read: Indian Railways extends Rani Kamlapati-Jabalpur Vande Bharat Express till Rewa.