City New Delhi Financial News

NEW DELHI : The union cabinet will soon consider the ₹6,000-crore incentive scheme for coal gasification projects. The cabinet note has been finalized and moved for approval, said two people in the know of the development. The government will provide incentives for gasification under three components—those that are led by public sector units, those sponsored by private sector companies and pilot projects.

NEW DELHI : The recently launched Global Biofuels Alliance will work on the definition and specification of biofuels, and also increase international cooperation through a virtual marketplace, said Union petroleum & natural gas minister Hardeep Singh Puri. The alliance was launched on 9 September with 19 countries and 12 international organizations agreeing to join. In an interview, Puri said India would increase its production of biofuels going ahead.

NEW DELHI : The removal of additional duties on imports of American apples, walnuts and almonds will have no effect on growers in Jammu and Kashmir, the Centre said on Tuesday, a day after former chief minister Mehbooba Mufti expressed concern. The Centre said the basic duty of 50% will continue to protect domestic players. India recently lifted additional duties on several American products, including chickpeas, lentils and apples.

New Delhi: Over 100,000 companies and limited liability partnerships (LLPs) have been set up using the high security forms introduced this year in the revamped MCA21 statutory filing portal from April to August, showing an improvement of over 11%, the ministry of corporate affairs said in an update, suggesting that the technological upgrade has stabilised after its teething troubles. Data available from the ministry showed that over 92,000 companies and LLPs were formed in the same time a year ago.

NEW DELHI : India’s factory output rose to a five-month high of 5.7% in July, up from 3.7% in June, driven by strong growth in mining and power, official data released on Tuesday showed. The Index of Industrial Production (IIP), or factory output growth, stood at 2.2% in July 2022, mainly due to a low base effect.

NEW DELHI : Asharp selloff in the mid-cap and small-cap space caught investors off guard on Tuesday. The mid-cap and small-cap indices saw steep corrections of 3-4% during the day even as the Nifty ended just 0.02% lower but not before scaling the all-time high of 20110.35. Valuation discomfort is likely to have set in after a sharp rally, which is leading to heavy selling in mid-caps and small-caps, said analysts.

In the end, the 2023 G20 Leaders Summit was over almost before it started. Halfway through Day 1, Indian negotiators had hammered out a consensus on the Leaders’ Declaration that, in the words of India’s G20 Sherpa, had “absolutely no dissent, no footnotes, no chair summaries." It was that rare example of a well-achieved global consensus. With 112 outcomes and presidency documents, India’s was arguably also the most productive G20 presidency, having more than tripled the substantive output of previous presidencies.

All India United Democratic Front President Badruddin Ajmal said that his party supports the INDIA alliance and is part of INDIA.Congress in Assam has rejected an electoral agreement with AIUDF after the poll debacle of the 2021 assembly polls. Ajmal who met chief minister Himanta Biswa Sarma on Tuesday told media persons after the meeting, “I have nothing to do with Assam Congress. I have a good relationship with Congress in New Delhi.

New Delhi: In a momentous event set to redefine healthcare accessibility and inclusivity across the country, President Droupadi Murmu will inaugurate the ‘Ayushman Bhav’ campaign on Wednesday. The launch will take place through a virtual event, marking a significant leap towards achieving Universal Health Coverage (UHC) and ensuring healthcare for all.

New Delhi: President Droupadi Murmu on Tuesday said India's law to protect plant varieties and farmers' rights can be emulated for the entire world, especially in the context of climate change challenges. “India has taken a lead in introducing the Protection of Plant Varieties and Farmers Rights Act (PPVFR), which is aligned to the International Treaty on Plant Genetic Resources for food and agriculture (ITPGRFA) to protect farmers," Murmu said while delivering the inaugural speech at the first-ever global symposium on farmers' rights. “My country provides a range of rights to farmers including use, re-use, save, share and sell the unbranded seeds of a registered variety.

President Joe Biden has wrapped up a five-day diplomatic sprint through Vietnam and India that put a spotlight on complicated relationships he believes will be crucial for global stability

New Delhi: The India Meteorological Department (IMD) has forecast a low-pressure system developing over the northwest and west-central Bay of Bengal in the next 24 hours. The system is expected to intensify and move west-northwest across the coasts of south Odisha and North Andhra Pradesh, generating widespread rain in northwest India through Saturday. A trough extending from southwest Uttar Pradesh to the Bay of Bengal is likely to cause thunderstorms and isolated heavy rainfall over southern Uttar Pradesh today, and in Uttarakhand from Wednesday to Saturday.

₹5 lakh. The announcement came as a surprise during the launch event of the 'One Week One Lab' program by CSIR-National Institute of Science Communication and Policy Research (CSIR-NIScPR).

Narendra Modi, who embraced the Sanskrit name for his country in the same week that he played lavish host to the G-20 summit in New Delhi, is trying hard to project India as a “vishwaguru" (guru to the world). It is time to examine his claims more closely, and also to see the present and the future of his “New India" without comforting illusions.

Westlife is set to enthrall fans in India as the band travels to the country for its much-anticipated "The Wild Dreams" Tour this November. The global best selling pop band, consisting of Nicky Byrne, Kian Egan, Shane Filan and Mark Feehily, will perform live in Mumbai, Bengaluru, Delhi as part of the India leg of the «The Wild Dreams» Tour. The show is brought to India by BookMyShow Live. The tour will kick-off at the Members Enclosure, RWITC, Mahalaxmi Racecourse, Mumbai on November 24, followed by Embassy International Riding School Ground, Bengaluru on November 25 and culminate at the Jawaharlal Nehru Stadium in New Delhi on November 26, 2023. «India has always held a special place in our hearts. We are so excited to share The Wild Dreams tour with all of our fans in India. Get ready for an unforgettable night of music and memories with us!» Westlife said in a statement. During the concerts, the group is expected to perform their greatest hits including «Swear It Again», «If I Let You Go», «Uptown Girl» and «Hello My Love» as well as fresh pop anthems such as «Star Light» and «Alone Together» from the 2021 special-edition studio album «Wild Dreams», released to critical acclaim. The global pop sensation kicked off the tour in 2022 performing across the UK, including a sold-out headline show at London's iconic Wembley Stadium.

In a regular press briefing on Monday, the US State Department official spokesperson Matthew Miller told reporters, «We absolutely believe it was a success. The G20 is a big organisation.

₹990 crore skyrocketed to ₹4,100 crore. According to him, this rise in expenditure was for the purpose of boosting Prime Minister Narendra Modi’s public image ahead of the 2024 Assembly Elections. “Why shouldn't BJP be made to pay this extra ₹3110 cr since it was clearly non-essential spending purely for Modi's self-advertisement & personal PR for 2024 elections?" Gokhale questioned on X (formerly Twitter).

India and Saudi Arabia have agreed to expand trade and security ties, two days after their leaders and others attending a Group of 20 summit announced a new railways and port corridor deal that will link India, Middle East and Europe

President Joe Biden has wrapped up a five-day diplomatic sprint through Vietnam and India that put a spotlight on complicated relationships he believes will be crucial for global stability

New Delhi: Tata Steel Limited shareholders on Monday approved re-appointment of TV Narendran as the global Managing Director and Chief Executive Officer (CEO) for the next five years, the company said in an exchange filing. Narendran got 99.47% of the total shareholders' votes in his favor during the meeting to approve the decision to re-appoint him for the next five years, the company added.

Saudi Arabia on Monday said it will consider setting up an office of its sovereign wealth fund in GIFT City to facilitate investments. Saudi investment minister Khalid A. Al Falih said within the next few weeks, he would send a strong delegation to GIFT City to explore the opportunity.