City New Delhi Financial News

05.09 / 19:37
COST Provident Digital Progressive Mobile OTT backers criticise proposed selective banning of apps in submissions to TRAI
New Delhi: Industry bodies, civil society organizations and consumer groups have raised concerns to the Telecom Regulatory Authority of India over regulation of OTT apps, specifically on the selective banning of OTT apps, as has been proposed by the regulator in its ongoing consultation. In their submission to the TRAI, which is undertaking consultations over OTT regulation, the bodies including Internet and Mobile Association of India (IAMAI), Broadband India Forum, Consumer Unity and Trust Society (CUTS) and Asia Internet Coalition (AIC) comprising nearly a dozen consumer groups, have said that such apps were already regulated under the IT Act 2000 which will be replaced by the upcoming Digital India Act (DIA), hence the ongoing consultations should form part of Digital India Act and any other additional consultations by regulators like TRAI will also lead to overlap of regulatory structure.
05.09 / 19:37
UPS Digital Man Platform Interface country electronic India offers to manage DPI repository
NEW DELHI : India has volunteered to man and manage the global repository of all digital public infrastructure (DPI) through an open-source platform, minister of state for electronics and IT Rajeev Chandrasekhar said, adding that there was interest from multilateral institutions, government and non-government organizations to finance the expansion and adoption of DPIs. “The global DPI repository, which would be essentially the platform where all of these DPIs, will be open in open-source manner, shared technology and innovation and be available to the whole world, will be manned by and managed by us.
05.09 / 18:53
Target Digital Progressive NOT Not necessary to take a call on IPEF trade pillar by November
Indo-Pacific Economic Framework (IPEF) next week, officials have said it is not necessary for India to take a call on joining the trade pillar of the pact by the target conclusion date of November. Negotiators said India can join the IPEF trade pillar later, but there is a need to build consensus. While the supply chain agreement of the IPEF is awaiting comments from various ministries before it is sent for Cabinet approval, officials said negotiations on clean economy and fair economy are progressing well. New Delhi has an observer status on the trade pillar negotiations which deal with commitments required on environment, labour, agriculture, digital trade and public procurement.
05.09 / 18:47
UPS Pool country 6 of 8 funds used to invest in Adani shut
BENGALURU, NEW DELHI : Six of the eight Bermuda and Mauritius-based public funds alleged to have been used by people with ties to the Adani Group for buying shares of the conglomerate’s listed companies, have been shut, according to regulatory filings in these countries accessed by Mint, posing a challenge for the Securities and Exchange Board of India (Sebi) in determining the ultimate beneficiaries of these investment vehicles. The Organized Crime and Corruption Reporting Project (OCCRP), a global network of investigative journalists, recently reported that people with ties to the Adani family secretly held significant stakes in group entities in possible violation of the country’s law on maximum ownership by promoters in listed entities, through some of these funds.
05.09 / 18:47
Target Shell performer country foreign Share purchases by foreign-owned firms under RBI scanner
NEW DELHI : Several foreign-owned or controlled companies (FOCCs) are under the Reserve Bank of India’s (RBI) scrutiny for alleged violation of foreign exchange rules, two people privy to the development said. The companies have received notices from the regulator inquiring whether they would want to settle the case, the people said on condition of anonymity. If firms don’t settle the case, RBI can pass orders.
05.09 / 18:47
UPS Provident VISA show events Event management cos, hotels tap temp staff for G20 events
hospitality industry. Hotels hosting the G20 delegates and visitors during this period made arrangements in advance to avoid last-minute staff shortages, Garg said. “Also, visas for expat chefs were expedited by the ministry of external affairs and consular missions in preparation for the G20 Summit," she added.
05.09 / 18:47
UPS Booking Platform performer country gone cricket Where have all the tickets gone? Cricket fans in a tizzy
NEW DELHI, MUMBAI : For Rahul Sharma, 40, an ardent Indian cricket fan living in Singapore, the eager excitement of watching Team India’s performance at the ICC Men’s Cricket World Cup 2023 in his home country has slowly turned into frustration. Despite having booked flights to India for himself and his family months in advance, his quest to secure tickets, especially for the coveted India matches from BookMyShow, the Indian cricket board’s official ticketing partner, has been fruitless. All he has managed to pick up so far: Tickets for two non-India matches, leaving him still in pursuit of prized India match tickets.
05.09 / 18:47
Provident Cooper Extreme Mobile Highways country Swiss expertise to help make hill highways strong, durable
NEW DELHI : The government has invited Swiss consultants to help make India’s mountain roads strong and durable to withstand severe weather conditions like heavy rains. After evaluating the highway construction techniques in Switzerland, the ministry of road transport and highways (MoRTH) has sought advice from Swiss companies to design mechanisms to prevent extensive damage to roads, two people familiar with the development said.
05.09 / 18:23
Booking Action Southern film country star audience Jawan set to bridge North-South divide with pan-India release
New Delhi: Jawan is reaching the theatres only this Thursday, but the Shah Rukh Khan starrer is likely to achieve something that only Southern cinema spectacles have managed so far: Securing a blockbuster opening outside their home regions. The film has garnered substantial bookings not only in the north but across south India as well.
05.09 / 18:11
Chase Pride country cover social India to Bharat? Dinner invite sparks name change rumour
New Delhi: An invitation for a G20 dinner sent out by President Droupadi Murmu in her capacity as “President of Bharat" instead of “President of India" triggered a controversy on Tuesday and set off furious speculation that such a move could be part of the legislative agenda in the upcoming special session of Parliament. The Opposition said the decision violated the Constitution and sought to link it to the decision to name the 28-party opposition grouping INDIA, but some senior government ministers said it was meant to snap ties with a colonial past. The invite for the 9 September dinner at 8pm, to be hosted by Murmu in Bharat Mandapam, will come in the middle of the G20 leaders summit in New Delhi.
05.09 / 17:45
UPS Citizens Extreme CEO stage country ‘India is rapidly rising up the priority list for Canadian companies’
NEW DELHI : India has all the potential that China had a decade ago, former Canadian foreign and defence Minister Perrin Beatty said. Beatty, who serves as President and CEO of the Canadian Chamber of Commerce, said India is a high priority for Canadian businesses looking for an alternative to China. Critical minerals, renewable technologies and fertilizers will be a key focus.
05.09 / 17:45
UPS Manufacturing Align show electronic boost E-way bills hit record 93.4 mn in Aug, signalling festive boost
NEW DELHI : Electronic permits for goods shipped within and across states shot up to an all-time high of 93.4 million in August, pointing to brisk economic activity which could boost Goods and Service Tax (GST) revenue collections in September. The high frequency indicator aligns with manufacturing PMI data for August which suggested strong demand and output growth in August. The sharply higher e-way bill data points to businesses pushing supplies to the market as the festive season kicks in.
05.09 / 17:45
COST UPS Digital Cooper voice Cooperation cyber threats Cyber Global cooperation needed to counter cyber threats: FM
MUMBAI : Global cooperation is essential to tackle cryptocurrencies and other threats emanating from the cyber space, finance minister Nirmala Sitharaman said on Tuesday, outlining a topic that is set to be a key Indian focus at a Group of 20 summit in New Delhi this weekend. “As much as you build firewalls, there are more and more newer ways in which attacks are being made. Crypto (is a) threat as well as an opportunity," Sitharaman said at a Global Fintech Fest here.
05.09 / 17:45
COST Reuters Manufacturing Remark performer services Services PMI slows down in August
NEW DELHI : India’s services sector growth slowed down in August after registering a 13-year high in July, a private survey said, still recording one of the best sales performances over the same period at a time of elevated inflationary pressures. The S&P Global India services Purchasing Managers’ Index (PMI) fell to 60.1 in August, from 62.3 in July. The figure stood at 58.5 in June and 61.2 in May.
05.09 / 16:19
Metro Yellow Orange blues Time G20 Summit: Air India offers passangers one-time waiver due to travel restrictions
G20 Summit and enhanced security in the national capital, Air India on Tuesday offered one-time waiver of applicable charges, if the passengers holding tickets from September 7 to 11 wish to change the date of travel or the flight. «There will be travel restrictions in Delhi between 7th and 11th September 2023. As a measure of goodwill, passengers holding confirmed ticket to fly to or from Delhi on these dates are being offered a one-time waiver of applicable charges, if they wish to change their date of travel or their flight.
05.09 / 15:15
UPS Target Aware Manufacturing social electronic Experts stress on need to expose manipulations by e-cigarette marketeers
NEW DELHI : E-cigarettes have undergone consistent technological upgrades, resulting in devices that are more functional and visually appealing to children and young adults, experts said on Tuesday. They also stressed on the need to expose the manipulations by e-cigarette marketeers and empower children to resist these influences.
05.09 / 05:35
Provident Manufacturing country Neemuch to soon receive Vande Bharat Express, says Ashwini Vaishnaw
Ashwini Vaishnaw said that Madhya Pradesh's Neemuch would soon get a Vande Bharat Express. Addressing the public at Neemuch on Monday, the Railway Minister said, «It is time for Vande Bharat to run on this route. Your Member of Parliament (MP) Sudhir Gupta has already requested for the same.
05.09 / 05:35
Citi FIVE Digital Progressive track country voice India’s G20 presidency: A look at agenda and proposals for the finance and sherpa tracks
G20 summit in New Delhi from September 9-10. The theme for India's G20 Presidency is 'Vasudhaiva Kutumbakam' or 'One Earth, One Family, One Future'. The country will host over 200 meetings across 13 working groups, 11 engagement groups, five initiatives and eight finance working tracks. ET looks at the agenda, developments, introductions and proposals for the finance and sherpa tracks.
05.09 / 04:55
UPS Provident Metro country cover G20 Summit: AI-generated avatar to greet world leaders at ‘Mother of Democracy’ exhibit
PTI, adding, "the textual content, along with its audio is presented in 16 global languages, including English, French Mandarin, Italian, Korean and Japanese." PTI further noted that the history of the democratic ethos of India will be "summed up and retold through 26 interactive screens" arranged in multiple kiosks. Also Read:G20 Summit: What's closed, what's open in Delhi; all you need to know "Upon their arrival in the exhibition area, heads of state, delegates and other guests, will be greeted by an AI-generated 'avatar' which will provide them a concise overview of the exhibition," the source said.
05.09 / 04:55
Progressive Fighting country social blues G20 Summit in India: Who are the attendees and absentees? Check detailed list here
G20 Summit on September 9 and 10, with leaders from 20 countries anticipated to participate in this significant event in New Delhi. Prime Minister Narendra Modi has stated that this G20 Summit in India will be historic, as it will witness the largest gathering of world leaders. According to a report by News 18, more than 40 world leaders are expected to take part in the summit in New Delhi.
05.09 / 02:53
UPS Reuters Cooper Align Southern country Russia-Ukraine war and absence of Putin, Xi Jinping to cast a shadow over G20 Summit
Reuters, the uncompromising positions on the conflict have resulted in a lack of consensus, to the extent that not even a single joint statement has been reached in the approximately 20 ministerial meetings held under India's G20 presidency this year. Consequently, it falls upon the leaders to navigate these challenges and attempt to find potential solutions.

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