City New Delhi Financial News

02.09 / 08:53

UPS Lowe's Penny Small cap stock below ₹10: Penny stock Vikas Lifecare offers preferential shares at ₹4 apiece to raise ₹40 crore

Small-cap stock below ₹10: Vikas Lifecare shares are one of the penny stocks under 10 rupees and the small-cap stock may have more stock float in coming times. The board of directors of the penny stock under ₹10 has approve issuance of additional 10 crore warrants convertible into equities on preferential basis. The preferential shares have been price at ₹4 per share, which is currently available at a premium of near 7 per cent as Vikas Lifecare share price today is ₹4.30 apiece on NSE.

02.09 / 07:37

Maxim awards Celebrity country National President Droupadi Murmu to confer National Teachers’ Award on September 5. Details here

President Droupadi Murmu will confer the National Teachers’ Award 2023 to the 75 selected awardees at New Delhi's Vigyan Bhawan on September 5th. Education Minister Dharmendra Pradhan had constituted three separate Independent National Jury comprising of eminent persons for the selection of teachers.

02.09 / 06:35

UPS Provident SUN Corona week Top news this week: From Aditya L-1 mission to Reliance AGM 2023 and more

Aditya L1 onboard PSLV C57 commenced on Friday, ISRO said. The Sun Observatory mission will be fired from the second launch pad from Shriharikota at 11:50 am today. Aditya L1 is designed to provide remote observations of the Solar corona and conduct in-situ observations of the Solar wind at L1 (Sun-Earth Lagrangian point), which is about 1.5 million kilometers from the Earth.

02.09 / 06:03

UPS Corning Southern show country India's rice area grows on higher prices, cotton sowing lags

farmers have planted 39.8 million hectares (98.3 million acres) with rice, up 3.7% on the same period last year, farm ministry data showed on Friday, as record high prices prompted farmers to expand the area. Higher rice planting could alleviate supply concerns in the world's second biggest producer and consumer of the grain.India surprised buyers in July by imposing a ban on the export of widely consumed non-basmati white rice, following a ban on broken rice exports last year. New Delhi's decision to ban overseas shipments of its largest rice export category would be likely to roughly halve shipments by the world's largest exporter of the grain. «Farmers are very interested in rice, but the weather is not supporting the planted crop.

02.09 / 05:17

UPS Metro DISH country G20 Summit 2023: Delhi prepared to host the mega event, showcasing rich culture and cuisine to world leaders

G20 Summit 2023: Delhi is gearing up to host the prestigious G20 summit from September 8 to 10, placing a strong emphasis on showcasing its rich culture and cuisine to world leaders and their spouses. The nation's capital, New Delhi, has undergone a significant makeover in preparation for this event. To ensure smooth proceedings, educational institutions and offices will be temporarily closed, and traffic restrictions will be implemented to facilitate the smooth movement of delegation carcades.

02.09 / 05:17

Cooper social US President G20 Summit: US President Joe Biden to have bilateral meeting with PM Modi on September 8. Details here

G20 Summit: US President Joe Biden is scheduled to travel to New Delhi from September 7 to 10 to participate in the G20 summit. A White House statement released recently announced that US President Joe Biden will have bilateral meeting with PM Modi on September 8.

02.09 / 03:51

Cooper Fighting social US President US President Biden to travel to India on Sept 7 for G20; to have bilateral meeting with PM Modi

Biden will travel to India on Thursday to attend the G20 summit on the sidelines of which he will also have a bilateral meeting with PM Modi, the White House announced today. India, the current president of the G20, will host global leaders for the Summit scheduled between September 9 and 10 in New Delhi. Biden will travel to New Delhi on Thursday to attend the G20 Leaders' Summit, the White House said in a statement on Friday.

02.09 / 03:03

UPS Art Microsoft MasterCard SoftBank exclusive The art of the interview, festive demand and new multilateral groupings

Mint's journalists tried to take all their interactions very seriously. Many of our correspondents unsheathed the interview technique to bring us exclusive reports and analytical pieces. They're yours to judge.

02.09 / 02:53

UPS Citi Metro DISH India gets ready to dish out lavish hospitality at G20 Summit

G20 leaders and their spouses, who will be treated to Southeast Asian, Arab and East Asian cuisines, along with fare from various Indian states, during their stay in New Delhi for the summit on September 8-10. The city is being spruced up for the first such international event in a decade or so, showcasing all that India has to offer under the theme of Atithi Devo Bhava. Educational institutes and offices will be closed, and traffic will be restricted so 'carcades' of the various delegations pass through smoothly. Delhi is holding a dress rehearsal for the event over the weekend.

01.09 / 18:39

COST UPS Provident Manufacturing show Factory production at 3-month high in Aug

NEW DELHI : India’s manufacturing PMI rose to a three-month high of 58.6 in August on the back of an increase in orders and output, a private survey showed. According to S&P Global, India’s purchasing managers’ index (PMI) for manufacturing stood at 57.7 in July, 57.8 in June, and 58.7 in May. A figure of 50 separates expansion from contraction.

01.09 / 18:39

UPS Digital Booking Amazon country ‘India among most important markets where we operate’

NEW DELHI : India remains a “large opportunity" for Amazon.com Inc. globally with the e-commerce firm constantly unleashing investments in the market amid expectations that the nascent e-commerce market is only set to grow, said a top global executive at the Seattle-headquartered firm. “If you look at some of the big markers of opportunity, we certainly feel India is on the shortlist of the largest opportunities we have as a business.

01.09 / 18:39

UPS FIVE Cooper Continental country Prez Hassan’s visit to deepen India-Tanzania ties

NEW DELHI : The growing ties between India and Tanzania may enter a critical phase with President Samia Suluhu Hassan’s official visit to New Delhi, said government officials. The visit is significant given that it follows a series of diplomatic missions by India’s external affairs minister S. Jaishankar to Africa, and Tanzania’s strategic position as the entry point for India to the continent, as stated by the minister during his visit to the country in July, one of the officials said on the condition of anonymity.

01.09 / 18:39

UPS country Power Coal India's production up 13.2% in August amid surging power demand

New Delhi: Coal India on Friday reported a 13.2% rise in its coal production last month at 52.3 million tonne (MT) of coal in August on a year-on-year basis. In August 2022, the public sector major produced 46.2 MT. So far in the current financial year (FY24), Coal India has produced 281.5 MT of the mineral, registering a 11% growth compared to the same period last fiscal, said a company statement.

01.09 / 18:39

UPS Citi Reuters Booking Premier Delhi hotel rates soar as G20 delegates flock to city

NEW DELHI : Average room rates for premier New Delhi hotels are set to triple next week, reaching a range of ₹18,000- ₹25,000, amid heightened demand driven by the arrival of thousands of delegates from 20 nations for the G20 summit across 9 and 10 September. The average daily rate (ADR), a key metric used by hoteliers to measure room revenue, from 7-11 September surged to ₹26,000, a more than fourfold increase from the average ₹6,000 in the past year, according to RateGain Travel Technologies’ Adara division data. ADR includes room rates, food and beverage, and other services availed of by customers, but it only counts the occupied rooms in a hotel, not the empty ones.

01.09 / 18:39

Aware cover Customers Irdai plans women-led distribution force to win over rural customers

NEW DELHI : To boost insurance coverage in the rural areas, the Insurance Regulatory and Development Authority of India (Irdai) is working on a women-led localized distribution force called Bima Vahak, said a person in the know. The aim is to engage women in raising awareness about the importance of insurance, and educating the rural population about a range of products tailored to their requirements. The final guidelines for this initiative are likely to be released this month, the person added.

01.09 / 18:39

UPS Digital Entertainment film Actor audience social Sketches to reels: Influencers redefine film promotion

NEW DELHI : In a marked departure from the traditional ways of marketing a movie, filmmakers and studios are increasingly turning to influencers to woo audiences to the theatres. According to entertainment industry experts, social media influencers like Kusha Kapila, Ashish Chanchlani and Bhuvan Bam, who regularly collaborate with movie projects, command 40-60% of overall social media budgets. Prominent influencers who produce sketches leading up to the release of a movie, often featuring lead actors, charge ₹2-3 lakh for a post and ₹5-15 lakh per reel, they added.

01.09 / 18:39

UPS Citi Provident Target BLOCK awards Government raises natural gas prices to $8.60/mmBtu

NEW DELHI : The ministry of petroleum and natural gas has raised the price of natural gas for September to $8.60 per mmBtu (metric million British thermal unit), up from $7.85 in August. However, the price for gas from ONGC’s and OIL’s nomination gas fields is unchanged capped at $6.5 per mmBtu . “The price of domestic natural gas for the 1 -30 September period is notified at $8.60 per mmBtu on gross calorific value basis," according to the notification dated 31 August.

01.09 / 18:39

UPS Waters cover Paddy acreage up; pulses, cotton drop

NEW DELHI : Amid erratic monsoon rainfall, cultivation of essential crops such as pulses, oilseeds, and cotton declined, but the overall cultivated area increased due to a rise in paddy plantation. According to data from the agriculture ministry released on Friday, total kharif planting increased by 4.6% compared to last year, reaching 107.8 million hectares (mh). Paddy cultivation saw a significant boost, rising 14.3% to 39.8 mh.

01.09 / 15:51

UPS Citi FIVE UBS actress Louis Vuitton picks up space in RIL’s Jio World Plaza in Mumbai’s BKC

Louis Vuitton has picked up retail space in Jio World Plaza in Mumbai’s Bandra-Kurla Complex (BKC) from Reliance Industries through a long-term lease to set up its biggest store in India. The new store in the ritzy mall will be the second Mumbai outlet of the company, which is counted amongst the world's most valuable luxury brands. The international label has leased the space for 9.5 years through its Indian entity, Louis Vuitton India Retail. The company currently operates three stores in India, including at Taj Mahal Palace and Tower in south Mumbai’s Apollo Bunder, New Delhi’s DLF Emporio and UB City in Bengaluru.

01.09 / 14:59

Gap Strategy country A global dengue coalition to deliver treatment within 5 years: Lancet comment

New Delhi, A coalition of institutions from dengue-endemic countries aims to deliver a new treatment for dengue from repurposed drugs and combinations within 5 years, according to a comment published in The Lancet Global Health journal. The mission of the alliance, The Dengue Alliance, is to accelerate research and development and deliver dengue therapeutics through an inclusive partnership, it said. «An integrated approach that comprises vector control, use of safe and effective vaccines, and an effective treatment is needed to face the growing challenges of dengue infection,» the alliance formed by the Drugs for Neglected Diseases initiative (DNDi), Switzerland, said in its comment.

01.09 / 14:59

Art Indian Indian Hotels launches restaurant brand Loya in Bengaluru

Indian Hotels Company (IHCL) said on Friday it is launching its flagship Indian-concept restaurant brand, Loya, at the Taj West End, Bengaluru. Loya was launched at The Taj Palace in New Delhi last year. The company said Loya captures the culinary traditions of North India and locations such as the foothills of the Himalayas, the terrains of Punjab and Kashmir. The company will also launch brand Loya at The Taj Mahal in Mumbai following Bengaluru, Taljinder Singh, senior vice president and brand custodian of IHCL told ET.

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