City New Delhi Financial News

14.09 / 06:27

UPS Target Manufacturing Platform Strategy Enterprise Adani Group forms JV for green hydrogen marketing and sales

New Delhi: Adani Global Pte Ltd., Singapore, a wholly-owned subsidiary of Adani Enterprises Ltd., on Thursday announced a 50:50 joint venture (JV) with Kowa Holdings Asia Pte Ltd., Singapore, for sales and marketing of green ammonia, green hydrogen and its derivatives, the company said here in a statement. “The green hydrogen and its derivatives are to be manufactured in India under Adani New Industries Limited (ANIL). The JV will concentrate on marketing of products in Japan, Taiwan and Hawaii," the company added.

14.09 / 05:49

Provident Citizens Progressive country voice India earns praise from Pakistani locals for hosting successful G20 Summit

Pakistan have expressed their appreciation for India's recent accomplishment in successfully hosting the G20 summit in New Delhi last week. This gathering of leaders from the world's top 20 nations has garnered admiration from across the border, with one Pakistani resident emphasizing, «India has taken a good step.

14.09 / 04:47

Lowe's Action Remark country Ukraine clarifies on ‘intellectual potential’ remark, acknowledges 'global roles' of India, China

Also read: Ukrainian official says India has 'weak intellectual potential’, 'doesn't fully understand...' “Of course, Turkey, India, China, and other regional powers are increasingly and clearly justified in claiming global roles in the modern world - and there are all the reasons for this: historical, economic, cultural, scientific, and political. And these roles have long been much more extensive than Russia’s. But the global world is much broader than even the most thoughtful regional national interests," Podolyak said.

14.09 / 04:07

Digital country Mumbai Financial G20 meet on financial inclusion to kick off in Mumbai today

New Delhi: A three-day G20 meet on financial inclusion will be held in Mumbai starting Thursday, an official statement said on Wednesday. The fourth G20 global partnership for financial inclusion (GPFI) will bring together over 50 delegates from G20 member countries, special invitee countries and international organisations, the statement said.

13.09 / 19:51

COST Target Manufacturing Strategy Tesla Tesla may source parts worth $1.9 bn from India this yr: Goyal

NEW DELHI : Electric vehicle maker Tesla is looking to source components worth around $1.9 billion from India this year, commerce and industry minister Piyush Goyal said on Wednesday. The minister said that going forward, demand for electric vehicles will increase and help the sector grow. “Tesla already last year bought $1 billion of components from I think all of you sitting here," he told members of the Automotive Component Manufacturers Association of India (ACMA).

13.09 / 19:51

UPS Citi Manufacturing Strategy country GE Health plans mfg hub in India

NEW DELHI : Medical technology giant GE HealthCare plans to scale up manufacturing in India and has chosen the country as part of its strategy to diversify beyond China, a top executive said. An official announcement on the manufacturing boost is expected soon. “India for India makes sense.

13.09 / 19:51

Aviat Waters Airlines Parke Discover cover Plane neglect: Go gets notice

New Delhi: The Delhi high court on Wednesday issued notices to Go First’s Resolution Professional (RP) and the Directorate General of Civil Aviation (DGCA) in response to pleas filed by aircraft lessors regarding inadequate aircraft maintenance. BOC Aviation (Ireland) Ltd, ACG Aircraft Leasing Ireland, and DAE 13 Ireland Designated Activity Co. submitted new applications after discovering their parked aircraft in poor condition during inspections.

13.09 / 19:51

Digital Cooper country Offshore properties may face scrutiny

NEW DELHI : Real estate assets hidden abroad may come under scrutiny after a global framework of real-time data sharing by national authorities takes effect, marking the next frontier in governments’ efforts to combat tax evasion and money laundering. The Organisation for Economic Cooperation and Development’s (OECD) report to the leaders of G20 nations at the New Delhi summit has made proposals with far-reaching implications for tax compliance related to overseas property holdings.

13.09 / 19:51

UPS Provident Waters country Monin set to invest ₹300 cr in new plant in Telangana

NEW DELHI : Monin, a French syrups company, is set to expand its production in India with a ₹300 crore investment in a new plant in Telangana. Although the company announced the plant in 2018, its groundbreaking is happening this week, said Olivier Monin, chairman, Georges Monin SA. The investment into Monin India Pvt.

13.09 / 19:51

UPS Digital DNA country electronic ‘Govt to set up import mgmt system for IT hardware soon’

NEW DELHI : India will introduce an import management system to permit the import of laptops, servers and other IT hardware products from trusted jurisdictions, Rajeev Chandrasekhar, minister of electronics and IT, said. Imports from non-trusted jurisdictions—read China—will be limited to a certain number of units. The framework, expected to be put in place this month, aims to exit the ‘non-sustainable’ model of relying on imports, the minister said in an interview.

13.09 / 19:37

UPS Manufacturing electronic Beginning of a new era, says IAF chief as he receives first C295 military transport aircraft

C295 military transport aircraft with Air Chief Marshal VR Chaudhari terming it the beginning of a new era as 40 of the planes will be manufactured domestically, a first for the nation. The aircraft was received at Seville in Spain and has been delivered as per schedule. This is the first of 16 planes that will be manufactured in Spain and rest of the 40 will be made in India, with a final assembly line at Vadodara.

13.09 / 18:27

COST BLOCK voice Delhi concerned over Russia oil output cuts

NEW DELHI : India is concerned about Russia’s successive crude production cuts to comply with the Opec+ agreement by curtailing production even from assets where Indian state-run firms are stakeholders, two people close to the matter said. “The Russians have reduced production as part of Opec+. However, India is not a part of it, yet production is being reduced wherein foreign entities are partners.

13.09 / 17:35

COST UPS Provident Digital Platform Nod for eCourts 3rd phase, 7.5 mn free gas connections

NEW DELHI : The union cabinet on Wednesday cleared the third phase of the eCourts project with an outlay of ₹7,210 crore and allocated ₹1,650 crore for providing 7.5 million additional free cooking gas connections. In another meeting the Cabinet Committee on Economic Affairs cleared a proposal for foreign direct investment of up to ₹9,589 crore by Cyprus-based Berhyanda Ltd in Suven Pharmaceuticals Ltd.

13.09 / 17:35

Provident AXY NIFTY SENSEX Time Nifty closes above 20K for first time

NEW DELHI : After a weak start, the markets rebounded well on Wednesday, with Nifty gaining 0.38% and closing above the 20000-mark for the first time, supported by softer inflation data and strong production numbers despite weak global cues. While Nifty ended the day at the record closing high of 20070, Sensex, with gains of 0.38%, closed at 67466.99 and is inching close to its all-time high of 67619.17 seen in July. The mid- and small-caps, which had seen significant corrections on Tuesday, also ended with gains.

13.09 / 17:35

COST IPO Provident Digital AXY Align JSW Infra gets nod for IPO

NEW DELHI : JSW Infrastructure Ltd, the Sajjan-Jindal-led port business, has received the approval to launch its ₹2,800 crore initial public offering (IPO) and is likely to finalize the launch by the end of this month, a person close to the matter told Mint. The port business of the $23 billion group had earlier in the year filed draft papers for a ₹2,800 crore IPO with an aim to retire the debt and furthermore fund the capacity expansion plans of the company. The entire IPO consists of a fresh issue of equity shares and there will be no dilution of the promoter’s existing equity. As of 31 December 2022, the company’s debt stood at ₹2,875 crore.

13.09 / 17:35

UPS Lowe's Gap country ‘Higher stocks at coal mines’

NEW DELHI : The stock of coal at mines and transit has increased 39% over last year, coal minister Pralhad Joshi said on Wednesday, amid concerns over stocks being too low to meet the power demand. Writing on X (formerly Twitter), the minister said state-owned Coal India Ltd’s production has increased 12.8% so far in the July-September quarter to 123.4 million tonnes. In the first quarter of the fiscal, its production stood at 175.5 million tonne, 9.8% higher compared to the corresponding period last fiscal.

13.09 / 17:35

UPS FIVE debate Special session to debate bill on ECs, discuss ‘parliamentary journey’

NEW DELHI : The government on Wednesday listed a raft of key bills, including one to change the way election commissioners are picked, for the 18-22 September special session of Parliament. Giving the first glimpse of the legislative agenda, the Centre said the special sitting will also discuss India’s 75 years of parliamentary journey.

13.09 / 17:35

Facebook UPS CEO Platform Meta Ceo country WhatsApp debuts broadcast tool Channels, top celebs join

New Delhi: Meta Platforms-owned instant messaging service WhatsApp has announced the launch of WhatsApp Channels in India and over 150 countries that will deliver private updates from organizations, sports teams, artists, and thought leaders that people can follow. WhatsApp Channels are a one-way broadcast tool within the app, the company said in a statement. “Excited to introduce you all to WhatsApp Channels, a new private way for you to get updates from people and organizations you follow.

13.09 / 17:35

UPS Citi Provident ETF Govt exempts ETFs from capital gains at GIFT

New Delhi: The government has exempted units of investment trusts and exchange traded funds (ETFs) issued by entities based in GIFT City or traded in exchanges there from capital gains tax. The Central Board of Direct Taxes (CBDT) notified the exemption from capital gains tax any unit of investment trust; a unit of a scheme; and a unit of an ETF launched under the International Financial Services Centres Authority (Fund Management) Regulations, 2022.

13.09 / 16:11

UPS Action Remark country Ukrainian presidential adviser kicks up storm; says Indians have ‘weak intellectual potential’

Mykhailo Podolyak has kicked up a controversy by saying India and China have “weak intellectual potential” and that they “do not analyse the consequences” of their actions. The comments, coming days after the G20 summit hosted by India, may dent bilateral ties which are currently are limited in nature. «What’s wrong with India, China, and so forth. The problem is that they are not analysing the consequences of their steps, these countries have weak intellectual potential, unfortunately,” Podolyak said in an interview to Ukrainian media on Tuesday. “Yes, they invest in science.

13.09 / 14:41

MET PM Modi to chair BJP meet today to deliberate on upcoming Assembly polls

Narendra Modi is to chair the central election committee (CEC) meeting of the Bhartiya Janata Party (BJP) at party headquarters in New Delhi on Wednesday to deliberate on its candidates for the upcoming state Assembly elections, PTI reported on Wednesday. This will be Modi's first visit to the party office after he chaired the G20 summit in the national capital last weekend. Apart from Prime Minister Modi, home minister Amit Shah and Rajnath Singh, and BJP president JP Nadda are the members of the central election committee.

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