City New Delhi Financial News

Hardeep Singh Puri, Minister of Petroleum and Natural Gas. Speaking at Public Affairs Forum of India’s 10th Annual Forum 2023 in New Delhi on Thursday, he said India will be doing 20% ethanol blending by 2025. India and the US can work together on the plan to make ethanol from agricultural waste.

initiated an inquiry against one of the member firms of Adani Group's longtime auditors EY. The inquiry was started in recent weeks against S.R. Batliboi, one of EY's member firms in India, a report by Bloomberg informed.

visa services for Canadians from today, the Indian Embassy in Ottawa announced Wednesday. The a move that could ease tensions in a high-profile dispute over the killing of a Sikh separatist on Canadian soil.

NEW DELHI : The government has hired Boston Consulting Group (BCG) to help prepare the Vision 2047 document that will set India’s medium-term goals and priorities for becoming a developed economy in the next quarter of a century, two people aware of the development said. The vision document, expected to be unveiled by the Prime Minister Narendra Modi, will outline an economic strategy towards becoming a middle-income nation by leveraging India’s strengths in industry, services, agriculture, trade and human capital while improving the governance systems and access to public goods. Making economic progress inclusive will be a key element of the vision document.

New Delhi: The Securities and Exchange Board of India (Sebi) on Wednesday banned seven people from accessing public markets for alleged violation of investment adviser norms related to offering stock market advice through Telegram channels. The accused, who ran social media channels based on the name ‘Baap of Chart’, have also been asked to deposit ₹17 crore they allegedly collected for giving investment advice to be deposited in an escrow account until the markets regulator concludes the probe.

Glenn Maxwell's fastest World Cup century off 40 balls and 104 by David Warner led Australia to a record World Cup 309-run rout of the Netherlands on Wednesday for their third straight victory at the tournament. Maxwell's 106 off 44 balls laced with nine fours and eight sixes fired Australia to 399-8, a total their bowlers defended easily as the Dutch were dismissed for just 90 in 21 overs in New Delhi. Five-time winners Australia bettered their previous margin of World Cup victory — against Afghanistan by 275 runs at Perth in 2015. India holds the ODI record for highest margin of victory when they hammered Sri Lanka by 317 runs in Thiruvananthapuram earlier this year. «I'm really happy, that's just about the complete game.

New Delhi had suspended all visa facilities in Canada after allegations by Prime Minister Justin Trudeau over Indian involvement in the killing of Khalistani terrorist Hardeep Singh Nijjar. Several visa categories have now been opened by India. «After a considered review of the security situation that takes into account some recent Canadian measures in this regard, it has been decided to resume visa services for the following categories with effect from October 26, 2023.

NEW DELHI : Domestic steel consumption grew strongly in the first half of the financial year in a clear signal that Indian manufacturing continues on a robust growth path despite global headwinds. According to the latest steel ministry data, steel consumption in the April-September period of FY24 grew 15% to 64 million tonnes from the year-ago period.

NEW DELHI : Armenia is keen to expand its defence ties with India, its deputy foreign minister Mnatsakan Safaryan said, in the aftermath of its bitter conflict with Azerbaijan. “Armenia is diversifying its defence cooperation and this is a good opportunity to further enhancing Armenian-Indian ties in this field," Safaryan told Mint. The country has appointed a defence attaché to its Embassy in New Delhi in order to scope out potential for further cooperation, he added.

NEW DELHI : The Union cabinet on Wednesday cleared a ₹22,303-crore subsidy for phosphatic and potassic fertilizers for the rabi season that runs till the end of March. While the amount is sharply lower than the previous year, the government assured that farmers will remain protected since international fertilizer prices have fallen, reducing the need for hefty support. The cabinet also approved fresh rates under the nutrient-based subsidy (NBS) scheme for NPK (nitrogen, phosphorus, potassium) fertilizers.

₹20 crore), a record for the artist, at Sotheby’s recent Modern & Contemporary South Asian Art auction in London. The entire auction raked in $9,948,988 ( ₹84.3 crore), twice its pre-sale estimate, the company said, with over 88% of the lots surpassing their estimates and all but one of the 77 lots finding a buyer. Sotheby's said Bawa's artworks, influenced by traditional Indian colours, are renowned for their vivid palettes.

₹250 crore from Piramal Alternatives, the fund-management arm of the Piramal Group, to bolster its green mobility initiatives. Piramal Alternatives made the investment from its Performing Credit Fund (PCF), a sector-agnostic vehicle that caters to the capital needs of companies operating in the mid-market segment. The investment was made in the form of convertible securities.

Canada also claimed that had held numerous ‘meetings’ to make India aware of the ‘credible allegations’ which state India and its intelligence agency was involved in Nijjar's killing. Since then, Ottawa and New Delhi announced tit-for-tat expulsions of diplomats in the wake of Trudeau's allegation of Indian involvement in Nijjar's killing. India also suspended visa services for Canadian citizens amid the festering diplomatic fallout of Trudeau's charge.

national capital on Wednesday morning was recorded in the 'moderate' category, with the Air Quality Index (AQI) at 190, as per SAFAR-India. As per the latest data from the System of Air Quality and Weather Forecasting and Research (SAFAR), the air quality around Delhi University was recorded at 273 (poor) in the morning hours, while the IIT area in New Delhi was at 173 today. According to the SAFAR, the air quality in Lodhi Road was recorded at 149 which falls in the 'moderate' category. As per SAFAR-India, the air quality stands at 190 this morning in areas including Signature Bridge and Akshardham. As per the data, the AQI stood above 300 in at least 13 pollution hotspots in Delhi on Tuesday. Meanwhile, Noida recorded an AQI of 219 (poor) and Gurugram 169 (moderate). The statement said that the predominant surface wind is likely to come from Northwest directions in Delhi with wind speeds 12-16 kmph becoming calm in the evening, with clear sky and mist in the morning on October 26. Though the SAFAR India bulletin issued on Monday predicted the air quality to be at the lower end of the very poor category on October 26 today morning it was recorded to be in the moderate category. A cyclist near India Gate, Suyog Salukhe, while speaking to said that the poor air quality in the city is taking a toll on the health of the people. «The winters have not even begun but the pollution level is already going up. As cyclists, when we step out of our house at 5 am, we expect the air to be pure but that is not the case these days.

ICC ODI World 2023 encounter at the Arun Jaitley Stadium in New Delhi on October 25. This will be a day-night match, starting at 2 pm (Indian Standard Time). Although Australia are the favourites moving into the bout, the prospects of the Netherlands cannot be ruled out.

NEW DELHI : Japan's Suzuki Motor Corporation (SMC) on Tuesday said it is targeting the sales of 3 million passenger vehicles in India, its single-largest market, by 2030, reiterating its plans to double its manufacturing capacity in the country to 4 million units over the next decade. It expects India's total passenger vehicle market to have increased to 6 million units by then, up from just over 4 million units in 2023-24.

NEW DELHI : India is moving away from its 2016 model bilateral investment treaty (BIT) approach in talks with the UK as the two countries look to cut the timeframe for settling investor-state disputes in a new treaty to be signed alongside a free trade pact next month, a person privy to the matter said. The tweak in stance is for “strategically important countries" with which India is seeking closer economic integration after exiting the Regional Comprehensive Economic Partnership (RCEP), a China-led mega trade deal among 15 Asian nations that came into force last year. “Most of the issues in BIT have been settled.

New Delhi: Amid the global economic crisis, Hexaware Technologies, a global IT services provider, is seeing substantial growth prospects. In an interview with TechCircle, chief executive Srikrishna Ramakarthikeyan shares his views on using digital technologies for growing its business, besides outlining the company’s strategy for emerging technologies like generative artificial intelligence, and plans for future growth and acquisitions. Edited excerpts: Our philosophy is that a change in ownership does not impact how we operate as a company and what we do right.

New Delhi: Multiple acquisitions, which were a part of information technology (IT) services firm Happiest Minds’ initial revenue growth guidance for FY24, are now expected to be closed by the end of this fiscal or early next—leading to the firm revising its growth guidance for the year. In an interview with Mint, Joseph Anantharaju, executive vice-chairman, and Venkatraman Narayanan, managing director and chief financial officer of Happiest Minds, added that the delay in acquisitions were the largest reasons for the revenue growth guidance revision—with the rest being attributed to slower overall growth opportunities in the first half of the year.

NEW DELHI : India’s trade with Russia in yuan is gathering pace as Russian exporters prefer being paid in the Chinese currency, two people close to the matter said. The trades are routed through global financial centres like Singapore and Dubai. Russia’s trade with China hit a record after its invasion of Ukraine, and the Western sanctions that followed redirected much of its energy exports to Asia.

NEW DELHI : The Union government has decided to cut the minimum export price (MEP) it set for basmati rice, a person aware of the development said, following complaints by traders that overseas shipments had become unviable. The government, which imposed a floor price of $1200 a tonne for overseas shipments in August to cool domestic prices, approved a decision to reduce it to $950 a tonne in a meeting late on Monday evening, the person cited above said. The decision is yet to be notified.