City New Delhi Financial News

New Delhi: Taste this one. I bet you would have never eaten anything like this before," Dilip Patidar, a farmer from Mandsaur district in Madhya Pradesh, told this reporter during a recent visit. Then he plucked an okra, bhindi in vernacular, and offered it for tasting.

NEW DELHI : India’s mid-cap information technology services firms Larsen & Toubro Technology Services and Zensar Technologies expressed caution in their September quarter earnings on Tuesday. While L&T Tech recorded 3.2% sequential revenue growth to $288.1 million in constant currency term, Zensar’s revenue was up 0.2% sequentially to $150.2 million. Despite growing revenues, LTTS slashed its FY24 revenue guidance by 2.5 percentage points to 17.5-18.5%, from 20% in April.

NEW DELHI : Prime Minister Narendra Modi on Sunday confirmed that India will formally bid for hosting the 2036 Olympic Games. How much does it cost to host the 16-day event and is it worth the effort? Mint evaluates the economic implications of a successful bid. The members of the International Olympic Committee choose the host through a secret ballot where the majority vote gets to be the host.

By Girish Linganna

New Delhi: Avinash Kumar runs Blumox Technologies, a Delhi-based company that develops websites, mobile apps and applications for enterprises. For five years, he used the services of Razorpay, a payments company, for his everyday transactions with customers online. However, a few months ago, he switched to PhonePe.

NEW DELHI : Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana and Mizoram are headed for assembly elections amid varying retail inflation numbers. Rajasthan’s at 6.53% is above the RBI’s upper tolerance band. Mint explains the relevance of inflation to the elections.

United Nations and other International Organisations in Geneva," the MEA said. “He is expected to take up the assignment shortly," the brief official statement further added.

MUMBAI, NEW DELHI : Aditya Birla Group flagship Grasim Industries Ltd on Monday said its board has approved raising ₹4,000 crore through a rights issue. The capital will be used to finance capital expenditure, repay debt and for general corporate purposes. “The capital outlay for the company to establish itself as India’s second largest decorative paints player is on track.

NEW DELHI : Cricket fans worldwide have a reason to celebrate as the sport will debut at the LA Olympics in 2028. This is also expected to attract new cricket enthusiasts and promote global infrastructure development for the sport, apart from having a significant economic impact, said experts. Team India is poised to play a crucial role as one of the six teams representing cricket at the 2028 Olympics.

₹102 crore in a search operation conducted at the premises of certain government contractors, real estate developers and their associates on 12 October, the department said in a statement. About 55 premises were covered during the search in the states of Karnataka, Andhra Pradesh, Telangana and New Delhi, the department statement said. The search resulted in seizure of allegedly unaccounted cash of about Rs94 crore and gold and diamond jewellery of over ₹8 crore, aggregating to more than R 102 crore.

NEW DELHI: As investors remain worried over the impact of merger, HDFC Bank shares have been underperforming with an 8% drop in the last one month. Ahead of the release of its Q2 earnings today, Anand James, Chief Market Strategist at Geojit Financial Services, says the present set-up doesn't convince a sustainable recovery. “Towards this end, we eye the prospects of rejection trades emerging this week, unless there is a close above Rs 1575/1612,” he says. Edited excerpts: Nifty saw some buying at lower levels last week. What would be your strategy going ahead as IT stocks are likely to see more downside pressure? Barring Infosys, IT stocks like TCS, HCL Tech and Tech Mahindra, which together form 11% of Nifty, seems to have found a base around their respective rising trendline supports hinting a bounce back. Towards this end, we do not expect IT stocks to be slowing down Nifty, but banks might.

Glacial Lake Outburst Flood (Glof) warning sensor systems in Sikkim, the Centre is set to review the existing Glof scenario and formulate a full-fledged early warning system (EWS) for Himalayan states prone to such hazards. ET gathers that a high-level meeting has been called this week in New Delhi to look at developing a robust and advanced EWS for all the high-risk states and areas. The meeting will look at four key aspects. First, identification of all Glof-prone lakes in Sikkim, Himachal Pradesh, Uttarakhand, Arunachal Pradesh, Ladakh and Jammu & Kashmir.

NEW DELHI : As the cricket frenzy reached a fever pitch when India and Pakistan clashed on Saturday, the restaurant industry in major cities experienced a substantial boost in business. Restaurant chains like Massive Restaurants, the operator of Farzi Cafe, and other popular chains like Cafe Delhi Heights, said business was 15-30% higher than a typical weekend, as India started batting around 6 pm. “We had our highest-ever Saturday lunch and pre-dinner sales.

NEW DELHI : Earlier this month, carmaker Hyundai announced plans to offer advanced driver assistance systems (ADAS) across its entire product range in India. Why has it become fashionable to talk about ADAS and what is spurring its growth? Mint explains: ADAS uses a system of sensors, cameras and artificial intelligence to enhance a driver’s ability to drive safely and comfortably. Depending on the degree of automation, ADAS is offered in 5 tiers, with tier 5 being fully autonomous driving.

NEW DELHI : An attempt by online travel agent MakeMyTrip to cash in on the excitement around Saturday’s India-Pakistan cricket match attracted criticism, with many users calling its print advertisement insensitive and in poor taste. The ad for MakeMyTrip’s homestays and villas business ‘invited’ travellers from Pakistan to use its services with discount codes if Pakistan lost by a certain number of runs on its ICC Men’s Cricket World Cup clash with India in Ahmedabad. What was perhaps intended as a joke prompted many users on social media platforms like LinkedIn and ‘X’ to call it insensitive and full of racial tonalities.  The ad gave an ‘open invitation’ to Pakistani fans.

NEW DELHI : Engine maker Pratt & Whitney has informed the Singapore International Arbitration Centre (SIAC) that it will deliver engines to Go First only after the grounded airline starts flying again, two people aware of the development said. In July, the SIAC had directed the American company to supply five engines every month to the airline, beginning on 1 August.

Afghanistan spinner Mujeeb Ur Rahman on Sunday dedicated his team's stunning Cricket World Cup victory over champions England to the victims of the earthquakes which have rocked his country. Mujeeb, 22, was man of the match for his three wickets and 28 runs as Afghanistan shocked England by 69 runs in New Delhi. Earlier Sunday, a magnitude 6.3 earthquake killed two people in western Afghanistan where tremors have claimed at least 1,000 lives this past week. «This is for the people back home who have been affected by the earthquake. As players and as a team, I wanted to dedicate my award to them,» said Mujeeb. He added: «It's a very proud moment to be here in the World Cup beating the last champions, it is a good moment for the whole nation and the team.

Afghanistan pulled off one of the greatest World Cup shocks on Sunday when they defeated defending champions England by 69 runs in New Delhi. Chasing 285 to win, after opener Rahmanullah Gurbaz had hit a blistering 80, England were bowled out for 215 despite Harry Brook's 66 with spinners Mujeeb Ur Rahman and Rashid Khan claiming three wickets each. The stunning upset gave Afghanistan just their second World Cup win to add to a lone victory over Scotland at the 2015 tournament. They came into Sunday's clash having lost their opening two games in India and on a 14-match losing World Cup streak. After Gurbaz and the recalled Ikram Alikhil, with 58, had given them a decent target to defend, Afghanistan's bowlers went to work, striking at regular intervals. Jonny Bairstow (two) was lbw to Fazalhaq Farooqi in the second over before Joe Root was clean bowled by 22-year-old man of the match Mujeeb for 11. Mohammad Nabi got rid of Dawid Malan, who made 140 against Bangladesh, for 32 to precipitate a slide which saw England slump to 138-6. Skipper Jos Buttler was clean bowled by seamer Naveen-ul-Haq for nine, Rashid Khan had Liam Livingstone lbw on 10 before Nabi also dismissed Sam Curran (10). England were tied down, at one stage going more than eight overs without hitting a boundary until Brook managed the team's lone six of the innings in the 31st over. Mujeeb sent back Chris Woakes before effectively sealing the game in his next over, having Brook caught behind by Alikhil with England at 169-8. Brook's 66 came off 61 balls with seven fours and a six. Late fireworks from Adil Rashid (20), Reece Topley (15) and Mark Wood (18) only served to take England past the 200-mark. Earlier, Gurbaz, 21, piled up his runs off

NEW DELHI : India may sign a memorandum of understanding (MoU) with its key diplomatic partner Indonesia to sell up to 1 million tonnes (mt) of white rice annually, two government officials said. India’s 20 July ban on non-basmati white rice exports comes even as Indonesia plans to safeguard food security against disruptions caused by the El Nino weather pattern and difficulties with supplies from Vietnam, the current major supplier. Although Indonesia is self-sufficient in rice production, it procures rice through MoUs when there is uncertainty in meeting its domestic demand.

NEW DELHI : Post-graduate students of medicine will get at least one day a week off and will not have to work more than 48 hours a week, according to new regulations in the works. This is part of the National Medical Commission’s (NMC) attempts to address severe stress and mental health issues among medical students. Currently, many post-graduate students at medical colleges work without a break for as much as 100 hours a week.

New Delhi: The government has asked public sector banks to focus on robust risk management practices and mitigate cyber security risk as part of the three-year strategic roadmap designed for them to further strengthen the sector and prevent build up of bad debts. A review of banks by the finance ministry is expected later this month that will evaluate reform goals of each bank individually and prepare a medium-term strategy to maintain the positive momentum in the banking sector, two persons aware of the development said.