City New Delhi Financial News
22.10 / 19:39
COST
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Strategy
President
information
reports
isolate
US checks if foreign banks followed cap on Russia oil
NEW DELHI : A US government office is checking whether foreign banks operating in the US conformed to the G7 price cap of $60 a barrel for Russian oil, a person aware of the matter said. The US treasury department’s Office of Foreign Assets Control (OFAC) has sought details of Russian oil purchases by including those by Indian entities in the last few months, the person said on condition of anonymity. Indian banks operating in the US include State Bank of India (SBI), Bank of Baroda and Bank of India.
22.10 / 18:47
Provident
Lowe's
Manufacturing
Action
Mobile
pandemic
Dongles drop out as 4G phones, public WiFi find a connect
These devices, which once helped millions get connected to fast internet when WiFi penetration was low and data prices too steep, are now missing from retail shelves, edged out by the ubiquitous 4G smartphones with their WiFi hotspots and publicly available free WiFi in community areas. A multitude of factors have led to 4G dongles seeing the end of the line, right from data prices crashing to the proliferation of high data usage during the pandemic through home broadband connections, said industry executives and market trackers. «There are now no new dongles coming into the market.
22.10 / 17:09
Platform
WhatsApp
stage
country
cover
2020
Portal
Govt plans ₹30,000 cr push to expand crop cover portal
NEW DELHI : The government plans to earmark ₹30,000 crore to expand the Pradhan Mantri Fasal Bima Yojana (PMFBY) portal into a comprehensive platform that will extend insurance coverage beyond crops to include assets such as ponds, tractors, livestock, and palm trees, two officials said. This initiative will be driven by the AIDE app, launched in July, to ensure door-to-door enrolment, making crop insurance more accessible and convenient for farmers. Through this app, insurance intermediaries will not only enrol farmers for crop insurance, but also extend coverage to 40 million farmers for non-subsidized schemes.
22.10 / 17:09
COST
UPS
Cooper
economy
Parke
country
‘India, UAE can broaden economic ties’
NEW DELHI : India and the United Arab Emirates are looking to identify and incorporate commodities to diversify trade between the two countries, UAE ambassador to India 8said in an interview. The diversification of traded commodities can broaden the scope of economic cooperation and make local currency transactions even more versatile, Alshaali said in an email interview.
22.10 / 05:15
Delhi's average air quality 'poor'; some areas breach 'very poor' mark
Air Quality Index was recorded (average) at 266. A day prior (Saturday), the AQI index was at 173. As per the System of Air Quality and Weather Forecasting and Research (SAFAR), air quality in Kartavya Path at India Gate was recorded at 266, IGI Terminal T3 in New Delhi at 276.
22.10 / 05:15
AXY
Colgate-Palmolive
Indus
track
stars
reports
week
Q2 results this week: RIL, Axis Bank, Tech Mahindra, Maruti, PNB and others
Body Various widely tracked companies like Axis Bank, Tech Mahindra, Asian Paints, Punjab National Bank, Reliance Industries, Maruti Suzuki, Bajaj Finserv and NTPC would be releasing their September quarter report cards this week.
22.10 / 04:45
WhatsApp
reports
guidelines
Godrej Vestamark fined ₹5 lakh by Delhi Municipal Corporation for environmental violation
₹5 lakh for not following environmental safety rules during construction in New Delhi, PTI reported. In a statement on Saturday, Godrej Properties said that its subsidiary, Godrej Vestamark LLP, was served this penalty on October 16 under the Delhi Municipal Corporation Act 1957.
21.10 / 17:39
Provident
Target
Cooper
Matthews
Immunic
country
Department
US, UK express concern as 41 Canadian diplomats leave India
Eyes partner Canada in urging India not to insist on a reduction in Canada's diplomatic presence and have expressed concern over Ottawa's withdrawal of 41 diplomats amid the dispute over the murder of Khalistani terrorist Hardeep Singh Nijjar. «We are concerned by the departure of Canadian diplomats from India, in response to the Indian government's demand of Canada to significantly reduce its diplomatic presence in India,» US State Department spokesperson Matthew Miller said on Friday. In a near simultaneous statement, a spokesperson for Britain's Foreign Office said, «We do not agree with the decisions taken by the Indian government that have resulted in a number of Canadian diplomats departing India.» Washington has said it took Canada's allegations seriously and, along with London, urged India to cooperate with Ottawa in the murder probe even as Western powers have been reluctant to openly condemn India given their growing strategic ties with New Delhi. However, Friday's statements from the US State Department and Britain's Foreign Office have been the most direct criticism by Washington and London of New Delhi thus far in this case. «Resolving differences requires diplomats on the ground.
21.10 / 11:39
VISA
Action
country
social
hospital
Delay in visa processing expected due to lesser Canadian staff, say Punjab consultants
Canada withdrawing 41 of its diplomats from India amid a diplomatic row between the two countries after the killing of a Sikh separatist, consultants and agents in Punjab apprehend delay in processing of visa applications for that country. Prospective students from Punjab may bear the brunt because of the likely delay in visa, they fear.
21.10 / 07:55
UPS
Remark
awards
Highways
President
Celebrity
innovations
AAV Ranga Raju, MD, NCC Ltd, is Construction World Person of the Year 2023
India Construction Festival (2023) - comprising 13th India Roads Conference, 11th Equipment India Awards and 21st Construction World Global Awards - received a big thumbs up from more than 200 industry leaders from the leading construction and infrastructure companies who celebrated the success of the industry and recognised its contribution to the nation building. Held recently at Shangri La Hotel in New Delhi and hosted by infrastructure think-tank FIRST Construction Council, India Construction Festival 2023 honoured over 70 companies in the infrastructure and construction equipment sectors with awards under various categories. While AAV Ranga Raju, Managing Director, NCC Ltd, was honoured with the prestigious Construction World Person of the Year (Private Sector) award, Dimitrov Krishnan, Managing Director, Volvo Construction Equipment India, was recognised as the “Equipment India Person of the Year 2023" for their remarkable achievements during 2022-23. Setting context for ICF 2023, Pratap Padode, Founder and President, FIRST Construction Council, said, "Government infrastructure investments as measured by central government capex have gone up 8 times over FY14 to FY24.
21.10 / 06:11
Remark
WhatsApp
information
reports
index
‘Don’t make a mockery of hunger’ Congress takes aim at Irani over remarks on global hunger index ranking
Also Read: India slips in global hunger index, New Delhi slams report Shrinate informed, “Madam Minister, a country’s Global Hunger Index is very heavily based on 4 indicators- Undernourishment, Child Stunting, Child Wasting, and Child Mortality." The index, unveiled on Thursday, also drew attention to India's highest child wasting rate globally, standing at a concerning 18.7%, indicative of severe undernutrition. Also Read: India slips four places in global hunger index rankings; govt criticises report The Global Hunger Index-2023 gave India a score of 28.7, signifying a serious level of hunger according to the accompanying report.
21.10 / 02:09
Cooper
Matthews
Immunic
country
Department
Concerned over departure of Canadian diplomats from India: US State Department
India and said that it expects New Delhi to uphold its obligations under the 1961 Vienna Convention on Diplomatic Relations. Canada has withdrawn 41 diplomats from India after it threatened to strip them of their diplomatic immunity by Friday, Foreign Affairs Minister Melanie Joly has said, amid a diplomatic row over the killing of a Sikh separatist.
20.10 / 17:15
COST
Target
Progressive
economy
country
prevention
Looking at steps to bring down public debt: Sitharaman
New Delhi: The finance ministry is looking at ways to bring down government debt and is monitoring the debt reduction measures taken by emerging market economies, finance minister Nirmala Sitharaman said on Friday. While India’s public debt is not as high as other major economies’, it needs to be tackled with a sense of responsibility so that the future generations don’t feel its burden, she told the Kautilya Economic Conclave. “Data about some emerging market countries, about how they are managing their debt, is something which is actively in our minds in the ministry," Sitharaman said.
20.10 / 17:15
Provident
Platform
Enterprise
Bill
voice
prevention
Tata Comm aims $1 bn US business in 3 years
New Delhi: Tata Communications Ltd aims to grow its US business to $700 million-1 billion in three years, making it the company’s largest business after India, a top executive said. Integration of its acquisition of The Switch Enterprises that has premium clients, and the contribution of enterprise clients and hyperscalers to its connectivity business are expected to drive the growth. “After India, the US will turn out to be the second biggest market for us," Amur S.
20.10 / 16:57
COST
Provident
Progressive
Platform
WhatsApp
country
‘Russia weighs India’s plan to lift buffalo meat, agri export’
New Delhi: Russia is considering a formal Indian request to expand the list of Indian suppliers for buffalo meat, seafood and other livestock products amid ongoing talks to open mutual access for agricultural products, Russian trade commissioner Alexander Rybas said. The two countries, Rybas said in an email interview, are also discussing the development of the Northern Sea Route (NSR) to serve as an alternative transportation route for goods to Asian markets. Edited excerpts: Russia and India have been conducting long-term negotiations on the mutual opening of access to crop and animal husbandry products.
20.10 / 16:29
UPS
Action
country
reports
travelers
Canadian PM says India's actions making life hard for millions of people of both countries
Justin Trudeau said on Friday the Indian government's crackdown on Canadian diplomats was making normal life difficult for millions of people in both countries. Trudeau spoke a day after Canada said it had withdrawn 41 diplomats following an Indian threat to unilaterally revoke their status. New Delhi is angry that Trudeau last month suggested Indian agents might have been involved in the June murder of a Sikh separatist leader in Canada. «The Indian government is making it unbelievably difficult for life as usual to continue for millions of people in India and in Canada.
20.10 / 11:41
Citi
Citizens
VISA
Action
Immunic
country
International
India says no violation of international norms in asking Canada to withdraw diplomats
international norms were violated in India seeking parity in the mutual diplomatic presence in New Delhi and Ottawa. Canada had accused India of violating the Vienna Convention on Diplomatic Relations Foreign Minister Melanie Joly on Thursday that Canada has removed 41 diplomats and their 42 dependants from India amid the ongoing row between the two countries. «We reject any attempt to portray the implementation of parity as a violation of international norms,» the external affairs ministry said. The MEA statement noted that the state of the ties between India and Canada as well as Ottawa's continued presence in India's internal affairs warrant a «parity» in mutual diplomatic presence in New Delhi and Ottawa. «We have seen the Statement by the Government of Canada on October 19 regarding Canadian diplomatic presence in India,» the ministry statement read.
20.10 / 08:28
Lowe's
VISA
Immunic
country
reports
travelers
NOT
India may not restrict imports or investments from Canada despite diplomatic tensions: Report
Canada removes 41 diplomats from India amid escalating diplomatic tension In-person consular services will remain available at the Canada high commission in the capital New Delhi. Canada has withdrawn 41 diplomats from India this week.
20.10 / 06:39
Aware
WhatsApp
Immunic
information
Nijjar killing row: India made aware of ‘credible allegation’ before PM Trudeau's parliament address, says Canada
Nijjar Killing row: Amid escalating tension between India and Canada that began last month over the killing of Canada-based pro-Khalistan terrorist Hardeep Singh Nijjar in British Columbia's Surrey in July this year. In the latest crackdown of events, Canada has claimed that they had held numerous ‘meetings’ with India to make them aware of the ‘credible allegations’ that state India and its intelligence agency was involved in the killing.
20.10 / 05:17
Lowe's
Gap
economy
performer
country
IMF wants strong budget, narrower deficit from Sri Lanka
NEW DELHI (Reuters) -The International Monetary Fund (IMF) is looking for a strong budget and narrower deficit from Sri Lanka as it seeks funding to bridge the gap between government revenue and expenditure, the IMF mission chief for the country said on Friday.
19.10 / 20:57
UPS
Provident
MET
Aware
country
innovations
committee
India-UK FTA: Committee of Secretaries meet to iron out tricky parts
NEW DELHI : The committee of secretaries (CoS) met on Thursday to iron out tricky parts of the India-UK free trade agreement (FTA) in the run up to the finalization of the deal next month, a person aware of the development said. As both countries inch closer to signing the agreement, discussions have focused on contentious parts such as intellectual property rights (IPR), rules of origin and bilateral investment treaties (BIT). The meeting of the so-called committee of secretaries comes at a time when the two sides have shifted gear to holding weekly negotiations.
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