City New Delhi Financial News

23.08 / 15:51
Citi Booking country G20 Summit: Banks in Delhi to remain closed on THESE dates
Delhi government also announced public holidays in schools from 8-10 September. As per the orders that are yet to receive the LG's nod, all offices of the city government and the Municipal Corporation of Delhi and private offices will remain closed.
23.08 / 15:51
Lowe's BLOCK Maxim country Power Imported coal-based power plants asked to operate at full capacity till Oct
New Delhi: The power ministry has directed imported coal-based power plants to operate at full capacity till 31 October, due to rising power demand. This directive was issued in February of this year, with an initial deadline of 15 June, which was later extended until September. This extension comes against the backdrop of the peak power demand in the country hitting fresh record highs this month.
23.08 / 15:51
CCI issues order against Chandigarh Housing Board for anti-competitive practices
New Delhi: The Competition Commission of India (CCI) has said the Chandigarh Housing Board (CHB) had abused its dominant position by imposing unfair conditions on the allottees of residential flats under Housing Scheme 2010. "It was alleged that CHB has abused its dominant position under Section 4 of the Act, inter alia, by imposing unfair terms and clauses on the allottees, failure on behalf of CHB to disclose the date of possession of the flats to the allotees in its brochure and/or acceptance- Cum- Demand Letter (ACDL), and levy of penal interest for full month even for delay of one day," the ministry of finance said.
23.08 / 13:57
Provident Twitter BLOCK Cooper social Standard Navy Chief Admiral Hari Kumar, Philippine Coast Guard sign Standard Operating Procedure to enhance maritime security
Commandant of the Philippine Coast Guard CG Admiral Artemio M Abu signed the Standard Operating Procedure (SOP) to enhance maritime security in New Delhi on Wednesday. Taking to the social media handle 'X', formerly known as Twitter, the Indian Navy stated, «Enhancing #MaritimeSecurity — operationalising information exchange.
23.08 / 13:27
Manufacturing electronic end Govt likely to announce fiscal incentives for textile industry by year-end
New Delhi: India's government is likely to announce fiscal incentives for the ailing textile and apparel industry by the end of this year, partly to stave of the impact of a fall in overseas orders, a trade body said on Wednesday. The incentives could come under the production linked incentive (PLI) scheme that promises billions of dollars to boost manufacturing ranging from electronic products to pharmaceuticals. "The government could make an announcement by December," said T.
23.08 / 12:35
Southern show Time India set to ban sugar exports for first time in 7 years
MUMBAI/NEW DELHI : India is expected to ban mills from exporting sugar in the next season beginning October, halting shipments for the first time in seven years, as a lack of rain has cut cane yields, three government sources said. India's absence from the world market would be likely to increase benchmark prices in New York and London that are already trading around multi-year highs, triggering fears of further inflation on global food markets. Mint reported about this development first on 02 June this year.
23.08 / 11:51
COST Provident Strategy Southern India's coal production set to nearly double by FY30
New Delhi: The coal ministry has unveiled an ambitious plan to almost double India's coal production by fiscal 2030, with a compound annual growth rate (CAGR) of around 7.7%. In FY23, key coal-producing states, including Odisha, Chhattisgarh, Jharkhand, and segments of Madhya Pradesh, played a pivotal role in contributing a staggering 75% of India's total raw coal despatch, the ministry said. The need for increased coal production to sustain this momentum and power the nation's growth trajectory is evident.
23.08 / 11:51
Citi Provident Digital Aware Interface country Mizoram first state to operationalize Ayushman Bharat’s microsite project
New Delhi: The National Health Authority (NHA) announced that Aizawl, the capital city of Mizoram, has become the first state in India to operationalize Ayushman Bharat Digital Mission’s (ABDM) microsite project. Last month, NHA announced 100 microsites project for accelerated adoption of digital health mission scheme across the country. The microsites are defined geographical regions where focused outreach efforts would be made to onboard small and medium scale private healthcare providers.
23.08 / 11:13
UPS Citi Provident Amazon show Ahead of festive season, Flipkart holds seller conclaves across India
Ecommerce major Flipkart has started reaching out to sellers ahead of its annual flagship sale, ‘The Big Billion Days’. Walmart-owned Flipkart on Wednesday conducted an on-ground seller conclave in Jaipur, which a statement from the company said was attended by 500 sellers. The ecommerce firm had held a similar conclave in Delhi on August 18, where over 1,200 entrepreneurs participated. Flipkart said it plans to hold more such conclaves to arm sellers with the necessary skills, insights, and tools.
23.08 / 10:11
UPS Provident MET country Power Govt extends mandate for imported coal-based power plants to operate till October
NEW DELHI –The power ministry has directed imported coal-based power units to run at full capacity further till October in the backdrop of electricity demand smashing records in August. The ministry had in February directed the imported coal-based plants to run optimally till June 15 starting March 16, under section 11 of the Electricity Act in anticipation of higher demand in summer. It was then extended till September end. However, electricity demand met in India reached record highs this month touching 234 GW on August 17.
23.08 / 09:43
UPS Citi country GAIL AGM: Co expects natural gas transmission volumes to expand 12%
New Delhi: GAIL expects its natural gas transmission volumes to expand 12% and polymer sales to double this financial year, its chairman has said. “Gas transmission and gas marketing are the key drivers of GAIL’s business and during FY23, we transmitted 107 million metric standard cubic meters a day (MMSCMD) of natural gas, marketed 95 MMSCMD of natural gas and sold 399 thousand metric tonnes (TMT) of polymer,” GAIL chairman Sandeep Kumar Gupta told shareholders at their annual meet. “Current year seems more promising and it is estimated that your company will achieve over 120 MMSCMD of natural gas transmission, over 100 MMSCMD of natural gas sales and 800 TMT of polymer sales.” GAIL also expects the new levelized tariff determined by the regulator for its integrated pipelines to help boost its transmission revenues.
23.08 / 09:11
COST Provident Target country Power Renewables India on path to reduce coal-based power in energy mix; targets over 64 pc renewables by 2030
New Delhi: It is not true that India is not reducing coal-based power generation capacity in the energy mix, a senor government official said, adding that the country is targeting over 64 per cent of non-fossil fuel-based capacity by 2030. India has set the target of having 500GW of renewable energy by 2030.
23.08 / 05:41
Citi Merit Parke cover rap Delhi HC orders release of seized old cars if owners meet set conditions
(This story originally appeared in on Aug 23, 2023)
23.08 / 04:03
Cooper Fighting country social g20 leaders’ summit US President US President Biden to fly to India for G20 Leaders’ Summit
The White House has confirmed that US President Joe Biden will travel to New Delhi from 7 to 10 September for the G20 Leaders’ Summit. “President Biden and G20 partners will discuss a range of joint efforts to tackle global issues, including on the clean energy transition and combatting climate change, mitigating the economic and social impacts of Putin’s war in Ukraine, and increasing the capacity of multilateral development banks, including the World Bank, to better fight poverty, including by addressing global challenges. While in New Delhi, President Biden will also commend Prime Minister Modi’s leadership of the G20 and reaffirm the U.S.
23.08 / 01:05
UPS Booking country 400 rooms booked in ITC Maurya for President Biden, China's Xi Jinping to stay in Taj Hotel - A look at G20 preparations
Joe Biden and slew of other world leaders will visit India in the second week of September for the G20 Summit. The main event will be held in the national capital on on September 9-10 and is likely to be attended by 29 heads of states as well as top officials of the European Union and invited guest countries and 14 heads of international organisations. Multiple hotels in the Delhi-NCR have been earmarked for attendees.
22.08 / 19:25
UPS Booking Aware Opera cover G20 Meet: Delhiites may face travel curbs
NCR) during the G20 summit on September 9-10 for seamless movement of 30 leaders, including invitees and their entourages, according to people aware of the matter. The movement of residents of Delhi-NCR could be restricted for three days, from September 8-10, they said, as most of the invitees will arrive in Delhi on September 8 and depart either on September 10 evening or September 11, the people said. While September 9-10 is a weekend, September 8 might be declared a holiday in New Delhi owing to the security arrangements for the event, according to those in the know. Special arrangements are being made for movement of the media covering the G20 summit, they said. More than 20 hotels in the capital have been booked for the visiting leaders — Saudi Arabia, US and China are expected to send big delegations to the event.
22.08 / 18:39
UPS Cooper Aware Compilation country Parboiled rice may attract export levy
NEW DELHI : India may extend duty restrictions to exports of non-basmati parboiled rice and impose a minimum export price (MEP) for the basmati variety depending on the situation, following the ban on white rice exports in response to escalating prices of the staple. The government is exploring to impose a 20% duty on non-basmati parboiled rice exports, while an MEP of around $1,250 per tonne could be levied on basmati rice, two officials aware of the plan said on condition of anonymity. However, the decision will depend on several factors, including domestic rice prices, they added.
22.08 / 18:39
Action Strategy BMW Highways Nestle social Earth How to keep planet Earth alive and well
NEW DELHI : At the COP27 Summit in Sharm El-Sheikh, Egypt, in November, UN Secretary-General António Guterres painted a sobering picture of the global climate trajectory. “We are on a highway to climate hell with our foot still on the accelerator," he said in a stark warning about the perilous journey ahead. While nations are embracing the 17 sustainable development goals (SDGs) defined at the UN Conference on Sustainable Development in Brazil in 2012, corporations are also trying out sustainability initiatives in the ESG (environment, social and governance) space.
22.08 / 18:39
Citi Action social ‘Beware of fake weight loss drug’
NEW DELHI : Counterfeit versions of a diabetes drug, also used to treat weight loss, are making the rounds in India, prompting drug regulators to warn doctors, chemists and patients about their purchase and consumption. The Drugs Controller General of India (DCGI) has raised an alert about falsified versions of Glucagon-Like Peptide 1 Receptor Agonist (GLP-1-RA) products sold at physical outlets and over social media after a warning in this respect from the World Health Organization (WHO) last week. The drug regulator has advised doctors to prescribe alternatives and inform patients about any likely adverse effects of the drug.
22.08 / 18:39
FIVE Manufacturing Align awards Hyundai performer star testing Automakers ready for crash testing under Bharat NCAP
NEW DELHI : Maruti Suzuki, Mahindra & Mahindra & Hyundai Motor India are among automakers that have offered initially at least a dozen vehicle models for testing under India’s first crash-test safety rating programme, which is modelled after the Global NCAP, according to industry officials. The government’s Bharat New Car Assessment Programme (BNCAP) will award a star rating out of five for adult and child occupant protection respectively to passenger vehicles based on their performance in a crash test at a speed of 64 kmph. The test, which is completely voluntary for automobile companies, will begin from October.
22.08 / 17:39
UPS AXY electronic Time Economist Neelkanth Mishra named UIDAI part-time chief
New Delhi: Unique Identity Authority of India (Uidai), the statutory authority overseeing Aadhaar operations, finally gets a head, though as a part-time chairman after over four years . In a Gazette notification on 21 August, the ministry of electronics and information technology (Meity) announced the appointment of eminent economist Neelkanth Mishra as a part-time chairperson along with two part-time members. Mishra will join Amit Agarwal in Uidai’s board.

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