City New Delhi Financial News

New Delhi: In a bid to strengthen direct connectivity between India and Uganda, the state carrier Uganda Airlines plans to offer direct flights to Delhi and Chennai. The move aims at tapping the demand potential across the Indian community with trade links in Uganda along with leisure traffic, a senior executive at the airline told Mint in an interaction. The airline will launch its first direct flight with the Indian market on 7 Oct with a direct flight between Mumbai and Entebbe.

GST Council will be held this week in New Delhi's Vigyan Bhawan, though the agenda is not yet known. However, as per media reports, the GST Council is likely to review the progress made by the states in incorporating changes with regard to the taxation of online gaming in SGST laws as approved by the council in its 51st meeting.

NEW DELHI : Social-media influencers and stand-up comics who used to make fleeting appearances in films and web shows have graduated to enacting lead and strong supporting roles as their youth connect, fan base and acting skills endear them to production houses. While Kusha Kapila has appeared in Sukhee and Thank You for Coming, Bhuvan Bam has played the lead in a Disney+ Hotstar original. Anubhav Singh Bassi was seen in a key role in the comedy-drama Tu Jhoothi Main Makkaar earlier this year.

NEW DELHI : Investors must be cautious about stock performance claims being touted on social media, and the regulator is keen on creating an agency that will evaluate such claims, Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch said. Speaking at an event organized by the Association of Registered Investment Advisers (ARIA), Buch said some advisers were even providing illegal portfolio management services (PMS) to clients. More than a third of investment advisers offering stock market advice to small investors were not registered with Sebi as required under the law, she added.

NEW DELHI : Honeywell is automating mines, refineries and power plants worldwide with artificial intelligence and machine learning similar to how advanced technology aids modern autonomous cars, a top executive at the global technology conglomerate said. The American multinational company, which has operated in India for eight decades, counts top conglomerates such as Reliance and Adani groups among its clients. It provides industrial automation solutions for power, oil and gas, steel and mining and sectors.

NEW DELHI : The Union cabinet on Wednesday raised cooking gas subsidy from ₹200 to ₹300 per cylinder for about 96 million low-income households, a move coinciding with upcoming assembly elections in five states and next year’s national polls. Offering additional subsidies aimed at benefiting rural women comes barely a month after the government approved the expansion of the PM Ujjwala Yojana scheme to 7.5 million women to take the number of total beneficiaries to 103.5 million over the next three years.

New Delhi: President Droupadi Murmu on Wednesday reminded businesses and professionals about India’s tradition of ethical wealth creation and appealed to business that their goal should not only be economic development but also social development and justice. Speaking at an event in the capital to mark the 55th foundation day of Institute of Company Secretaries of India (ICSI) , the President cited the works of Saint Thiruvalluvar and Kautilya and said that ethical wealth creation has always been praised and encouraged in India.

NEW DELHI : State-run Bharat Electronics Ltd (BEL) is installing Endpoint Detection and Response (EDR) software at the All India Institute of Medical Science (AIIMS) in New Delhi for continuous monitoring of computers following repeated cyber-attacks. This is being done on the advice of the National Critical Information Infrastructure Protection Centre (NCIIPC) and Indian Computer Emergency Response Team (CERT-In), which recently found malware on computers connected with MTNL. AIIMS Delhi has faced disruption in services due to cyberattacks, following which all doctors and medical staff have been advised to use AIIMS computers on its closed networks.

NEW DELHI : India’s apex medical research body is calling for widening early screening, diagnosis and treatment of cancer after a spike in breast and lung cancer. India ranks third in cancer cases after China and the US and is expected to see a further 57.5% increase in cases from 2020 to 2040.

New Delhi: In 2020, two of Indian television’s oldest properties, Kaun Banega Crorepati (KBC) and Bigg Boss, returned to home screens for the first time after the onset of the covid-19 pandemic, complete with downsized crews and isolated bubbles for sets. However, the much-anticipated comeback failed to enthuse media and entertainment industry experts, as the audience gave the reality shows a tepid reception. The inability to grab people by the eyeballs the way they used to earlier saw the television rating points (TRPs) of these shows plunge by at least 50%, according to broadcast network heads.

Uttarakhand government signed an MoU worth Rs 15000 crores with the JSW Neo Energy Limited at the roadshow of its Global Investor Summit organised at a hotel in New Delhi on Wednesday. Apart from this, the government also signed MoUs with different organisations. Chief minister Pushkar Singh Dhami was present on this occasion. As per the MoU, two pumped storages of 1500 mw will be developed in the state’s Almora district. CM expected cooperation in the field of pump storage plant, cement, sport, training centre, drinking water and restoration and beautification of the temples of Kumaon region (Manaskhand temple Mala under the CSR) in the state.

New Delhi, 3rd October 2023 — Hisense, the global leader in consumer electronics and home appliances, is pleased to announce the appointment of Ravindra Jadeja, the renowned cricketer and all-rounder, as its brand ambassador for the Television, AC, and Refrigerator categories. He is the company’s first ambassador in the Indian market.

According to numerous media reports, India has asked Canada to sharply reduce the number of diplomats it has in the country. This is a significant move as Canada’s mission in India is among its largest anywhere in the world. It may also reflect that the spat between the two countries hasn’t cooled just yet.

Jammu and Kashmir Farooq Abdullah on Tuesday informed that the regional opposition parties will hold a joint peaceful protest on October 10 against trampling of constitutional rights and delay of elections here. Abdullah chaired a meeting of the regional opposition parties in Jammu in which leaders from Congress, People’s Democratic Party, Panthers Party and other political parties participated. They also condemned the raids against journalists in New Delhi. “Considering the situation on ground and how the constitution has been suspended in J&K and our rights have been attacked and trampled upon, we have decided to take out a peaceful protest on October 10,” said Abdullah.

The World Bank says South Asia is expected to grow by 5.8% this year, making it the fastest-growing region in the world even as the pace remains below pre-pandemic levels

New Delhi’s decision to ask Canada to reduce its number of diplomats in India by over 40 is the latest in the downward spiral of India-Canada relations. There is now a danger that India’s words and actions are going well past the point of serving its long-term interests. Whatever the truth of the multiple allegations hurled at each other by India and Canada, the fact is that as the emerging power, an Asian one and a developing country still, the former cannot and must not lose sight of the fact that global institutional structures and narratives are still not entirely in its favour.

India has asked Canada to reduce its number of diplomats across its missions in the country and repatriate 41 diplomats by early next week, saying it would revoke their diplomatic immunity if they stayed after the given date. This comes just weeks after Canadian Prime Minister Justin Trudeau's allegations of a «potential» involvement of Indian agents in the killing of Khalistani separatist Hardeep Singh Nijjar in June. While the Indian government is yet to issue a statement on its latest move, sources have indicated to ET that the decision to ask Canada to reduce its diplomats by October 10 is aimed at bringing the strength of Indian missions and Canadian missions on par. Indian missions in Canada have around 21 diplomats and the Canadian missions in India currently have 62 diplomats. Meanwhile, Trudeau went on the backfoot on Tuesday and said that his government was «not looking to escalate the situation» with India.

Ajit Pawar on Tuesday skipped the weekly Cabinet meeting. Although officially indisposed, Ajit met NCP leaders in his house, triggering speculation that he was miffed with alliance partners BJP and the Shinde faction of Shiv Sena. The finance minister's unhappiness has been attributed to 'clipping of his wings' by fellow DyCM Devendra Fadnavis and chief minister Eknath Shinde.

NEW DELHI : India’s manufacturing activity in September grew at the slowest pace in five months after new factory orders softened from their high in August, a private survey said. The purchasing managers index (PMI) fell to 57.5 in September, compared with at 58.6 in August, 57.7 in July, 57.8 in June and 58.7 in May, according to S&P Global. A figure of 50 separates expansion from contraction.

NEW DELHI : Petroleum and natural gas minister Hardeep Singh Puri has urged the Organization of the Petroleum Exporting Countries (Opec) to show sensitivity to oil consuming-nations and curb output cuts. Taking to X, formerly Twitter, Puri said he discussed the global energy scenario during a meeting with Opec secretary general Haitham Al Ghais on Tuesday. “India imports about 60% of its crude oil worth $101 billion and other petroleum products from Opec members.

NEW DELHI : With the likelihood of 11 auctioned commercial mines becoming operational in the current fiscal year, coal output from commercial and captive mines will reach 145 million tonnes (mt) in FY24, said coal secretary Amrit Lal Meena. Last year production from commercial and captive mines was about 116 mt. In an interview, the secretary said that the target for this output from commercial mines is 162 mt, and that production is expected to reach 145 mt.