City New Delhi Financial News

08.10 / 19:13

UPS Bill IBC Experts information reports audit Bankruptcy, audit regulators tighten overview as bills undergo review

NEW DELHI : Bankruptcy and audit regulators are tightening their supervision of the distressed asset and audit markets as two bills proposing amendments to the Insolvency and Bankruptcy Code and the Companies Act make their way through ministries. The Insolvency and Bankruptcy Board of India (IBBI) and audit regulator National Financial Reporting Authority (NFRA) are moving ahead, issuing clarifications, while the two bills come under rigorous inter-ministerial discussions, according to a person informed about the development.

08.10 / 19:13

UPS FIVE country folk reports A community that stays central to India, Indianness

NEW DELHI : This happened in December 2006. We were aboard a plane carrying the then prime minister Manmohan Singh and an Indian delegation to Tokyo. During the flight, the prime minister’s media adviser, Sanjaya Baru, came up to the gallery unexpectedly and told me: “PM is waiting for you." I had told Baru before boarding the flight at the New Delhi airport that I wanted to meet the prime minister.

08.10 / 18:35

VISA Manufacturing Death country 2020 reports BYD execs fail to get Indian visas

NEW DELHI : China’s BYD Auto Co. Ltd’s executives have been unable to secure Indian visas for at least over a year, precluding in-person meetings with representatives of Megha Engineering and Infrastructure Ltd in India for their electric vehicle (EV) project, two people familiar with the developments said. In the absence of Indian visas, meetings between BYD and Megha executives are being held in countries such as Nepal, Sri Lanka and China, the people said on condition of anonymity.

08.10 / 18:35

UPS economy show country cover Higher domestic demand to bolster private investments

NEW DELHI : Private investments are expected to pick up thanks to a rise in domestic demand and high capacity utilization, the Confederation of Indian Industry’s Business Confidence Index (CII-BCI) survey showed. Two-thirds of the survey’s respondents expect sales and new orders to increase in the second quarter of FY24 faster than in the previous quarter, while half the respondents (53%) feel that capacity utilization in their company would be 75-100% in the September quarter.

08.10 / 18:35

Aware Manufacturing Death Celebrity country medicines guidelines India to mark 10 Oct as Good Manufacturing Practice Day

NEW DELHI : The government along with the Indian Drugs Manufacturers’ Association (IDMA) plans to celebrate the first ever National Current Good Manufacturing Practice Day (cGMP Day) on 10 October, as they focus on improving the poor quality of many Indian drugs. The pharma industry has been hit by several incidents of Indian cough syrups causing the deaths of children in importing countries, following which government has made GMP guidelines mandatory for all drugmakers.

08.10 / 18:35

COST UPS Cooper country reports India, Saudi tie up for grid, green hydrogen

NEW DELHI : India and Saudi Arabia on Sunday signed a memorandum of understanding (MoU) on securing a green hydrogen supply chain and cooperation on power grid interconnection. The MoU was signed in Riyadh by union minister for power and new & renewable energy RK Singh and the Saudi minister of energy Abdulaziz bin Salman Al-Saud on the sidelines of the MENA Climate Week 2023.

08.10 / 18:35

COST Digital CEO Experts country electronic Escalation of Israel-Hamas war could hit corridor plans

NEW DELHI : Israel’s declaration of war on Hamas in response to attacks on its territory may cloud New Delhi’s ambitious plans to build an India-Middle East-Europe economic corridor (IMEEC), Indian exporters and trade experts said. The plan to develop shipping and railway links between the three regions was announced as part of the Delhi declaration of the G20 summit in India. Fears are growing in the Indian capital that the war could drive insurance premiums and shipping costs higher as was seen on the trade routes affected by the Russia-Ukraine war last year.

08.10 / 18:35

COST UPS Platform Entertainment film pandemic show Ready web shows struggle to find OTT buyers

NEW DELHI : Several small-time producers who had created independent web series for streaming services are struggling to find buyers as subscriptions plateau and platforms spend less on content. Unlike feature films, web shows cannot be released in theatres either. Streaming platforms typically commission long-format web series and subsequently spend on production; however, the explosive demand for web content during the pandemic attracted many newcomers, who planned and produced web shows that they could pitch to streaming platforms later.

08.10 / 18:35

MAIL Cooper Aware WhatsApp Actor country reports UK eyeing Indo-Pacific push

NEW DELHI : Britain’s minister for Indo-Pacific will visit India this month to push Britain’s “tilt" to the region, according to persons aware of the matter. Anne Marie-Trevelyan, who serves as the minister responsible for the region, is expected to focus on economic engagement with India during the visit. The two sides are in the process of negotiating a bilateral free trade agreement (FTA) and are also looking to take on more joint projects in India’s neighbourhood.

08.10 / 17:31

WhatsApp ICC World Cup 2023 points table: Despite huge win vs Australia, India at 5th spot, here's WHY

ALSO READ: ICC World Cup 2023: Here's who leads the points table after India vs Australia Despite the win, India is not among the top four nations after the first round of matches and is in the fifth spot. The reason is the net-run rate, in which India ranks lowest among the 5 teams that won their first matches.

08.10 / 17:31

UPS IPO economy NIFTY track reports IPOs IPOs: How long will the dream run last?

Mumbai: Until March, the market for initial share sales in India had been moribund this year and badly in need of stimulus to come back to life. It took a condom maker to revive the sagging market for initial public offerings (IPOs). Mankind Pharma Ltd, the New Delhi-based maker of the Manforce brand of male contraceptives, raised ₹4,326 crore in a blockbuster IPO in April, almost seven times the entire amount raised by three companies that went public in the first three months.

08.10 / 17:20

UPS Citi gossips reports Bengal Guv CV Ananda Bose to meet those deprived of MGNREGA work

Bose on Sunday said he will meet those deprived of MGNREGA work as the Centre has stopped funds under the scheme to the state, and take up their grievances with New Delhi. Reacting to the TMC's comments on the ongoing agitation outside Raj Bhavan, the governor also related an allegorical tale to reporters in Darjeeling about a 'Lion Prince' who was punished by an elephant in the forest for asking who was the king of the jungle. Bose, who will return to Kolkata from Darjeeling, where he has gone to visit the flood situation in north Bengal, also wrote to Chief Secretary HK Dwivedi, inquiring whether permission was granted for the TMC's ongoing sit-in demonstration outside Raj Bhavan, a source at the governor house said.

08.10 / 17:20

Cooper Waters President country cover 'India, Tanzania to sign 15 agreements with eye on USD 10 billion trade'

India and Tanzania will sign 15 agreements covering different areas of cooperation, Tanzanian Foreign Minister January Yusuf Makamba said ahead of the bilateral talks between visiting President Samia Suluhu Hassan and Prime Minister Narendra Modi on Monday. The presidential visit from Tanzania to India is taking place after a span of more than eight years. «This is a very important visit for Tanzania.

08.10 / 09:07

UPS Cooper country Huge demand for Indian chicken, dairy, basmati rice, wheat products in Middle East: UAE industry

UAE food industry said that huge demand is there in the Middle East countries for chicken, dairy, basmati rice, frozen marine goods and wheat products from New Delhi. The UAE industry has sought the support of the Indian government in smooth certification processes, more coordination with Agricultural & Processed Food Products Export Development Authority (APEDA), and harmonisation of standards. They also said that high quality packaging of Indian products would help boost New Delhi players to increase exports of food and food products in countries like Bahrain, Kuwait, the Sultanate of Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE).

08.10 / 07:35

UPS Amazon Platform Mobile beautiful Amazon sees jump in demand for premium clothing and beauty products

New Delhi: Online marketplace Amazon is seeing a clear trend of consumers buying more expensive clothing, watches, beauty products, and pricey footwear on its platform. This is a sign that e-commerce platforms are now seeing a shift from value-focused purchases to more expensive ones. "There is a very clear trend on premium products across customer segments—beauty, fashion, even on mobile phones, people are trading up and that comes from more disposable income as well as a larger middle class," said Saurabh Srivastava, vice president, Amazon Fashion India.

08.10 / 07:35

UPS Digital ACI Interface country reports travelers How India's UPI is now travelling places, in charts

Last month, when delegates of the Group of 20 (G20) nations arrived in New Delhi, they were given the taste of one of India’s most successful creations: the Unified Payments Interface (UPI). Travellers could make a one-time payment in their own currency to load a digital wallet, which could be used throughout their visit to pay merchants in rupees using the ubiquitous UPI QR codes. That was just one of the various ways UPI has gone global in recent years: the system is already accessible in some form or the other in close to two dozen countries.

08.10 / 07:09

UPS Citi FIVE pandemic President country hospital open Accor plans to open 30 new hotels in India in 3-5 years

Accor plans to open 30 new properties in India in the next three to five years to tap the huge potential here, according to its Senior Vice President Operations, India and South Asia, Puneet Dhawan. The hotel chain, which has nine brands in India out of 40 from its global portfolio, will also consider introducing more brands in the country to cater to different segments of customers here.

07.10 / 22:45

UPS FIVE Digital Progressive economy country reports Why it could be a little hard for India to clinch favourable free trade pacts with UK, European Union

British Parliament that both sides had already closed the majority of chapters, but added that his country would accept only a “fair and reciprocal” trade deal. A year later, hard negotiations are still continuing. UK PM Rishi Sunak said last month that there was progress in talks but he “won’t rush” into a deal.

07.10 / 15:23

Provident Waves Twitter Citizens Waters information travelers ‘We are in deep trouble’: Indian stuck in Israel after multi-front attack by Hamas | Video

sneaking into its territory and firing at least 5,000 missiles rockets at it. Prasad, the Indian, said more than 5,000 rockets have been fired on Israel and “we are in deep trouble".

07.10 / 12:47

Aware Strategy reports Karnataka CM Siddaramaiah to attend CWC meeting in New Delhi on 9 Oct

Karnataka Chief Minister Siddaramaiah will leave for New Delhi on Monday to participate in the Congress Working Committee (CWC) meeting, which is likely to discuss the party's strategy for the upcoming elections. The chief minister during the visit is also likely to meet few union ministers and would discuss various projects concerning Karnataka.

07.10 / 08:09

Remark Netflix CAT show performer musician Comedian Jimmy Carr to make debut performance in India, reveals tour dates

Also Read: Comedian Andrew Schultz roasts Canadian PM, calls him ‘Justinder Trudeau,’ video breaks internet: Watch In the caption he shared, “Very excited to announce my first ever tour dates in India! I’ll be bringing the Terribly Funny tour to New Delhi, Mumbai and Bangalore in January 2024. Tickets are on sale now at JIMMYCARR.COM"A post shared by Jimmy Carr (@jimmycarr) Reacting to the post, many fans expressed their surprise and excitement.

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