City New Delhi Financial News

22.08 / 16:53

UPS Progressive Aware show country voice Drop India, Iran drop arbitration clause for Chabahar port

NEW DELHI : India and Iran have agreed not to seek commercial foreign arbitration for disputes between users and operators at Chabahar Port, paving the way for the two sides to sign a long-term deal for the development of the strategic port, two persons aware of the development said. They said a team from the ministry of port and shipping is expected to visit Iran in September to try and reach an agreement over the rules of engagement and mode of arbitration. This would be followed up with the two countries reaching a formal agreement for long-term operation of the port located in South-east Iran, with an unhindered sea route to India’s West coast.

22.08 / 16:53

COST country Costs Crude import costs down 35%, creates room to cut fuel prices

NEW DELHI : India’s oil import bill declined 35.3% during the first four months of FY24 due to easing crude oil prices over the past year. Refiners imported 79.4 million metric tonnes of crude oil for $41.6 billion during April-July, compared to 81.3 MMT for $64.3 billion in the same period of last fiscal, according to the Petroleum Planning & Analysis Cell (PPAC). This fall in import expense for the refineries and oil marketing companies (OMC) comes in the backdrop of around 30% fall in international crude oil prices.

22.08 / 16:53

UPS Provident Target Progressive Manufacturing country Uttarakhand government going to organize Global Investors Summit-2023

Global Investors Summit, 2023. CM Dhami has requested Prime Minister Narendra Modi to inaugurate the summit which is scheduled to be held in Uttarakhand in November this year. The meeting was held at Hotel Pacific, Dehradun.

22.08 / 16:21

COST UPS Manufacturing Compilation show performer Cement firms see strong volume growth

NEW DELHI : Strong domestic cement demand led to cement companies reporting strong double-digit volume growth during the previous quarter but the limited improvement in realisations and lower-than-expected decline in costs meant that overall performance was a mixed bag. Data compiled by Mint for 42 cement companies showed that the net profit improvement was tepid at 5.8% year-on-year (y-o-y) during Q1. Also, on a sequential basis the net profit declined 12%.

22.08 / 16:21

UPS Target Digital Cooper Govt buying onions at ₹2,410 a qtl, says Piyush Goyal

NEW DELHI : The Centre has begun purchasing onions at ₹ 2,410 per quintal from Tuesday, consumer affairs and food minister Piyush Goyal said, as prices of the kitchen staple picked up and trading in the Agriculture Produce Market Committees remains suspended in Maharashtra. “The measure is being taken to ensure the interest of both farmers as well as consumers," he added. The FOB (Free on Board) price, which is the price goods are exported at, stood at $320 per quintal.

22.08 / 16:21

country Falling oil import bill gives OMCs headroom to cut prices

22.08 / 16:21

Provident Target Waters Racing ICE SpaceX track Chandrayaan-3: India's boom, Russia's crunch, how money is shaping new space race

The space race India aims to win this week by landing first on the moon's south pole is about science, the politics of national prestige and a new frontier: money. India's Chandrayaan-3 is heading for a landing on the lunar south pole on Wednesday. If it succeeds, analysts and executives expect an immediate boost for the South Asian nation's nascent space industry.

22.08 / 13:15

Parke awards Highways National Bihar cabinet allows in-service doctors to opt for Diplomate of National Board courses

Bihar cabinet on Tuesday approved a proposal to allow in-service doctors of different government medical colleges to opt for Diplomate of National Board (DNB) courses run by the Centre's National Board of Examination (NBE) on successful completion of their postgraduate residency. In-service doctors, who will take admission in DNB courses, will have to mandatorily serve in Bihar as per rules.

22.08 / 12:47

UPS Manufacturing Align performer track country India to achieve $150 billion bio-economy by 2025: Jitendra Singh

New Delhi: India is on track to achieve a $150 billion bio-economy by 2025, up from over $100 billion in 2022, Union minister Jitendra Singh announced on Tuesday. Highlighting the significance of the nation's growing biotech sector, Singh noted India's position as 12th in the global biotech industry and third in the Asia-Pacific region.

22.08 / 11:37

Aware Nano country Over 150 lakh tonne fertilizers in stock to meet farming demands: Mandaviya

New Delhi: Chemicals and fertilizers minister Mansukh Mandaviya on Tuesday said India currently has more than 150 lakh tonnes of fertilizers in stock to meet the agricultural requirements of farmers throughout the country and ensure a comfortable opening for the upcoming rabi season as well as the ongoing kharif season. During discussions with state agriculture ministers regarding the availability and usage of fertilizers in India, Mandaviya emphasized the need to reduce excessive reliance on chemical fertilizers to maintain soil health.

22.08 / 09:29

Provident FIVE Platform country star audience Indian badminton DBS Bank collaborates with leading Indian badminton players

New Delhi: DBS Bank India has announced its partnership with five of India's top badminton stars –- Lakshya Sen, Satwiksairaj Rankireddy, Chirag Shetty, Treesa Jolly, and Gayatri Gopichand –- to enhance its brand presence in the country and connect with its diverse audience, the company said in a statement here today. “Badminton is gaining popularity across India, and this partnership provides a great opportunity for us to extend our support to five young athletes who truly have the potential to be the stars of tomorrow!" said Shoma Narayanan, Managing Director - Group Strategic Marketing & Communications at DBS Bank India.

22.08 / 08:25

UPS Provident Waters Align cover NLC India completes diversion of Paravanar River course

New Delhi: NLC India Limited has completed the Paravanar River course diversion project, providing flood defence and agricultural prosperity to the region. The Paravanar River previously posed a threat to villages and agricultural lands in its path due to its temporary alignment near Mine-2's cutting face.

22.08 / 08:25

UPS DAL Bypoll for UP's vacant Rajya Sabha seat scheduled for 15 Sept

New Delhi: The Election Commission (EC) announced on Tuesday that the bypoll for the Rajya Sabha seat that fell vacant on the death of BJP MP Hardwar Dubey will be held on 15 September. Dubey passed away on 26 June.

22.08 / 08:09

COST Provident Highways performer country star Standard India gets its own NCAP rating for vehicle safety standard

New Delhi: The government will launch the Bharat New Car Assessment Programme (B-NCAP) in October to assess the safety of new vehicles. The programme will assign star ratings based on a vehicle's performance in crash tests similar to global NCAP and European NCAP, ultimately improving road safety in the country. Minister for Road Transport and Highways (MoRTH) Nitin Gadkari, while announcing the launch of B-NCAP on Tuesday, emphasized the importance of safer vehicles in India, where there are 5 lakh accidents and 1.5 lakh deaths annually.

22.08 / 04:51

UPS Aware Manufacturing Toyota country star Bharat NCAP launch: Here are 5 things you should know

Union Minister Nitin Gadkari is all set to launch the Bharat New Car Assessment Programme today at New Delhi. The intiative aims to highlight the government's commitment towards improving road safety by increasing the awareness around safety standards of motor vehicles of up to 3.5 tonnes.

21.08 / 20:07

UPS country Covid-19 poses high chances of death to people above 40: ICMR study

New Delhi: The latest research paper released by Indian Council of Medical Research (ICMR) has revealed that covid-19 people above 40 years of age, men with co-morbidities and those individuals who suffered moderate to severe covid-19 were associated with higher odds of post-discharge one-year mortality, whereas 60% protection was conferred by vaccination before the covid-19 infection. Of the 14,419 participants from 31 hospitals across the country who were followed up at least once between four weeks and one year post discharge, 942 (6.5%) had died and the remaining (93.5%) were reported alive at any contact during one year of follow up.

21.08 / 20:07

UPS Provident SARS-CoV-2 country Principal Secretary to PM reviews covid-19 situation in India, directs states for monitoring of cases & sequencing

New Delhi: In view of newer emerging variants of covid-19 across the globe, PK Mishra, Principal Secretary to Prime Minister chaired a high-level meeting to review current covid-19 status and its preparedness. States/UTs have been directed to monitor trends of Influenza like Illnesses ILI/ severe acute respiratory infections (SARI) cases, send sufficient samples for testing of Covid-19 testing and whole genome sequencing.

21.08 / 19:19

Provident FIVE Booking Enterprise show penalty NFRA imposes penalty on auditors of Coffee Day Enterprises arm

New Delhi: The National Financial Reporting Authority (NFRA) has imposed hefty penalty on the auditors of Tanglin Developments Ltd. (TDL), a group company of Coffee Day Enterprises Ltd. for alleged lapses in the audit of FY20 as part of a series of investigations into alleged financial irregularities in the group, showed an official order.

21.08 / 19:19

Lowe's Aviat Airlines awards show Govt wants to know why UDAN didn’t always fly

NEW DELHI : The civil aviation ministry will soon start a detailed evaluation of routes awarded under the government’s regional connectivity initiative, known as the Ude Desh ka Aam Naagrik (UDAN) scheme, which offers flight subsidies to underserved or unserved destinations. The assessment will aim to determine the reasons behind airlines’ failure to launch flights or continue flying them despite the subsidy offer, two officials familiar with the development said on condition of anonymity.

21.08 / 19:19

UPS Provident Progressive Aware show reform Centre Centre links interest-free capex loans to states’ reform rollout

NEW DELHI : A central scheme for states introduced during the early days of the covid-19 outbreak to provide interest-free capital-expenditure (capex) loans will now come with strings attached as the government attempts to nudge states to implement specific reforms. Out of the ₹80,000 crore earmarked this fiscal for the ‘Special Assistance to States for Capital Investment’ scheme, ₹40,000 crore has already been disbursed without conditions; of the rest, ₹30,000 crore will be disbursed only if states can show progress on reforms or present specific project proposals, two people aware of the plan said on condition of anonymity.

21.08 / 18:07

UPS Manufacturing Software Huawei country Honor India return next month with strategic JV

Chinese smartphone brand Honor is returning to the Indian market this September in a new avatar. The brand, earlier owned by Huawei, is being licensed by Gurugram-based PSAV Global, said a senior company executive. PSAV Global will raise ₹1,000 crore in domestic loans to establish its operations in the country.

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