City New Delhi Financial News

11.10 / 07:43

Provident Strategy WhatsApp Immunic Bill information reports EAM S Jaishankar, Canadian foreign minister Mélanie Joly held secret meeting in Washington: Report

The Financial Times reported citing sources. As per the report by FT, in the previous week, Trudeau and Joly said that Ottawa was attempting to address the dispute behind closed doors.

11.10 / 01:35

MET Progressive Aware Assurant country end India, UK may ink FTA by the end of this month

India and the UK are likely to sign a proposed free trade agreement (FTA) in the last week of this month. It will be New Delhi's first such comprehensive deal with an industrialised nation, seeking to spur bilateral annual business beyond the current $20 billion.

10.10 / 20:19

UPS Lowe's Compilation reports CAI ups cotton estimate to 31.8 million bales

NEW DELHI : The Cotton Association of India (CAI) released its final estimate of crop production for the 2022- 23 (October-September) season and pegged it slightly higher at 31.8 million bales (1 bale=170 kg) from its previous estimate of 31.1 million bales in July, and initial estimates of 34.4 million bales. This is against the government’s third advance estimate of 34.3 million bales for the 2022-23 season and the 2021-22 season industry production estimate of 29.9 million bales.

10.10 / 20:19

Lowe's FIVE economy Allegiant reports IMF raises India growth forecast for FY24 to 6.3%

NEW DELHI : The International Monetary Fund (IMF) lifted its 2023-24 growth projection for India to 6.3% from its July estimate of 6.1%, citing “stronger-than-expected consumption" during the June quarter. In contrast, the agency expects global growth of 3% in 2023 and 2.9% in 2024, with advanced economies expanding by 1.5% in 2023 and 1.4% in 2024. The Washington-based agency presents India’s economic growth forecast on a fiscal year basis while it uses the calendar year for other economies.

10.10 / 20:19

UPS Photography information recommendations guidelines CEA issues guidelines for hydro projects after disaster in Sikkim

NEW DELHI : India’s apex power planning body, the Central Electricity Authority (CEA), has come up with guidelines for slope stability—inclines that can withstand movement—in hydropower projects after heavy rains and glacial lake floods damaged a dam in Sikkim. The guidelines said that in the case of projects that are “vulnerable", the project authority or developer would be responsible for examining the upper reaches, including the reservoir, identify fault sites and take remedial measures for stabilization.

10.10 / 18:35

UPS country NIA now has 18 branches across India

National Investigation Agency (NIA) has increased to 18 branches across the country from nine in 2019, when Amit Shah took charge of the Union home ministry, while proposals for 10 more branches are pending with the ministry, said officials. The manpower for the NIA has also been enhanced, as the ministry recently approved creation of one post of additional director general and six new inspector generals of police for the agency, they said.

10.10 / 18:35

Provident Digital Cooper Platform economy Experts country BRICS: The mortar of competition in a globalised world

India is hosting the 8th BRICS International Competition Conference (ICC) in New Delhi under the aegis of the Competition Commission of India (CCI). BRICS represents 42% of the world's population, 26% of global GDP, and 18% of global exports. It has seen a more than four-fold increase in their annual FDI inflows from $84 billion in 2001 to $355 billion in 2021. Their share in global FDI inflows also doubled from 11% in 2001 to 22% in 2021.

10.10 / 12:11

UPS Digital Cooper Strategy Continental country Mint Explainer: How India is increasing its outreach in Africa

Mint breaks down how. Hassan’s visit drove India’s relationship with Tanzania forward in key ways. First, bilateral ties were elevated to the level of a strategic partnership.

10.10 / 05:51

UPS Progressive Landmark economy country Department UK envoys head to India as nations seek to conclude trade deal

UK envoys are due in New Delhi this week as the two countries seek to bring almost two years of trade negotiations to a conclusion, people familiar with the matter said. A team of 30 UK officials including Director General for trade negotiations Amanda Brooks will head to the Indian capital to thrash out remaining issues as part of their 13th round of talks, officials from the UK and India said, requesting anonymity because a deal isn’t yet sealed. At stake is a commercial agreement between two of the world’s largest economies that would represent a landmark for both.

09.10 / 18:57

Aware Gap NMC hospital consequences patient open Be fair and open, NMC tells doctors in conduct review

NEW DELHI : The National Medical Commission (NMC) has undertaken a detailed set of professional conduct reviews for medical professionals, advising them to have “fair and open" communication with patients. NMC said most complaints against doctors can be put down to communication gaps. In the case of alleged medical negligence, doctors have been advised to prepare proper documentation of all medical records of the patient.

09.10 / 18:57

Lowe's NIFTY SENSEX Bill VIX Investors flee shares on widening war fear

MUMBAI, NEW DELHI : Investors offloaded shares Monday on concerns about the economic fallout from the Israel-Hamas conflict. Oil and gas prices soared amid apprehension that the conflict may spread throughout the wider West Asian region. The selling pressure, led by retail and foreign portfolio investors (FPIs), drove the India VIX volatility index to post the biggest rise in 10 months, indicating the nervousness in the market over the impact of the war on crude prices and the rupee.

09.10 / 18:57

COST UPS L’Oréal President beautiful social ‘India is being discussed a lot more at the group level today’

NEW DELHI : The popularity of e-commerce and social media in India has played a major role in stimulating demand for beauty products over the past decade, Alexis Perakis-Valat, president of the consumer products division at L’Oréal, said in an interview. This is helping the world’s largest beauty company attract more shoppers. Valat, who was in India last week, oversees a portfolio of brands for the French beauty company, including Garnier, L’Oréal Paris, Maybelline, Nyx, Essie, and Mixa.

09.10 / 18:57

COST UPS Provident Target show ‘September retail inflation likely fell to 5.4%’

NEW DELHI : India’s retail inflation likely dipped to 5.4% in September from 6.8% in August largely due to a correction in vegetable prices that had pushed up inflation in the preceding two months, showed a Mint poll of 18 economists. The official data is set to be released on Thursday.

09.10 / 18:57

UPS FIVE President show testing Elections in five states to be held next month

NEW DELHI : Over 161 million people in five states across India will vote in assembly elections next month, the Election Commission of India announced on Monday, pressing the trigger on the home stretch of the 2023 poll season leading up to the general elections next summer. Mizoram, the smallest poll-bound state with 40 seats, will vote on 7 November. Elections in Chhattisgarh, which has a 90-member assembly, will be held in two phases on 7 and 17 November .

09.10 / 17:17

Digital Platform Enterprise PwC Experts stage reports Enterprise use cases set to drive metaverse momentum

NEW DELHI : Virtual reality (VR) goggles, immersive games and new shopping experiences introduced consumers to the metaverse in the last two years; however, the real growth of metaverse may happen on the enterprise side, as companies find multiple use cases. The metaverse is defined as a virtual immersive environment that mirrors our reality through technologies such as AI, blockchain, 5G, community and power platforms, augmented reality (AR), and virtual reality (VR).

09.10 / 17:17

UPS Target Aware awards Highways show Road awards totalling ₹3 trillion for 10K km soon

NEW DELHI : The government plans to award ₹3 trillion worth of road projects over the next six months in the run-up to next year’s general elections, aiming to build 10,000 km of roads. This would be one of the biggest road project awards in any given six-month period, with the ministry of road transport and highways aiming to complete 12,500 km highway awards by the end of FY24, higher than the previous few years, two persons aware of the development said. They added that more projects are being awarded in the second half of this year as the government agencies responsible for construction have finalized new stretches for bidding.

09.10 / 17:17

Citi Highways Nestle Nescafe cover reports travelers Inside Nestle India’s Bharat travels

New Delhi: Pujari Hotel, a small wayside dhaba on the highway connecting Sitapur to Lakhimpur, two cities in eastern Uttar Pradesh, has a menu that can surprise you— vegetable Maggi: ₹35; butter Maggi: ₹50; paneer Maggi: ₹55. The hotel’s owner, Mayaram, once made a living selling daal-rice and kachori. A year back, he switched to selling Maggi, the instant noodle brand from Nestle India Ltd that quickly rose to become urban India’s favourite comfort food since it was introduced over four decades ago, in the 1980s.

09.10 / 12:55

CEO economy GBP country innovations reports UK Companies 635 UK companies employ over 660,000 in India: Report

It comes as the 13th round of free trade agreement (FTA) negotiations are ongoing between India and the UK, expected to significantly boost the bilateral trade partnership estimated at around GBP 36 billion in 2022. «It's fantastic to see even more UK companies thriving in India this year, generating thousands of jobs and delivering significant growth for both our countries,» said UK Minister for International Trade Nigel Huddleston, in a message for the report launch.

09.10 / 10:29

COST Provident Man information reports Department Can a man seek income details of his estranged wife through RTI for evidence in maintenance case?

A husband can seek generic income details of his estranged wife through RTI to corroborate evidence in a maintenance case, according to a recent decision of the Central Information Commission (CIC).

09.10 / 08:59

G20 Crypto regulations India to Push Crypto Regulation Talks at Final FMCBG Meet in Morocco

Finance ministers and central bank governors are all set to meet for the final time under India’s G20 presidency on October 12 and 13 in Marrakesh, Morocco.

08.10 / 20:48

UPS Airlines WhatsApp performer Jet lenders move SC against JKC consortium

New Delhi: The lenders of the bankrupt airline Jet Airways, led by State Bank of India, have now moved to the Supreme Court, challenging the National Company Law Appellate Tribunal (NCLAT) order dated August 28. According to a lawyer involved in the case, this new petition contests the NCLAT's order to allow the Jalan-Kalrock Consortium (JKC) to encash a performance bank guarantee of Rs 150 crore to pay off dues amounting to Rs350 crore to the lenders. This payment is a condition precedent for the transfer of ownership of the airline to JKC.

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