City New Delhi Financial News

21.08 / 03:55
UPS Action Align NIFTY TGT Should you go long or short Nifty? Rupak De of LKP Securities explains
NEW DELHI: After headline index Nifty ended in the red for the fourth consecutive week, conditions appear unfavorable for most long trades, opines Rupak De, Senior Technical analyst at LKP Securities. “The price action demonstrates an inability to sustain higher levels, curtailing the scope for significant upward movements. This pattern indicates a market environment where caution and strategic planning are crucial, considering the challenges posed to sustaining profitable long positions,” he says.
20.08 / 19:39
Target Manufacturing Google Mobile Huawei country Hardware firms chary of govt definition of ‘trusted sources’
IT hardware industry is increasingly concerned about what could be New Delhi’s definition of “trusted hardware”, with the Centre stressing that imposition of import curbs on laptops, tablets and servers is primarily due to national security reasons. Industry executives say that while the government has been successful in restricting Chinese players Huawei and ZTE from participating in India’s 5G rollout after adoption of the “trusted sources” approach, replicating the same for IT hardware won’t be feasible. That’s because unlike telecom equipment, laptops/tablets are consumer devices. More importantly, more than 80% of the market is controlled by non-Chinese firms belonging to the US, Japan, South Korea and Taiwan, which are already trusted trade partners of India, said industry executives. Lenovo is the only Chinese firm. Under India’s new rules for security of mobile networks, telcos are mandated to buy network equipment only from entities labelled by the National Cyber Security Coordinator as a ‘trusted source’ and product designated as a ‘trusted’ one.
20.08 / 18:59
UPS Provident Vodafone cover Telcos look to free capital by settling ₹76,780 cr litigation
NEW DELHI : Telecom service providers will pursue resolutions and reforms aimed at reducing sector-related litigation, totalling over ₹76,780 crore, arising from tax disputes and legacy matters, top executives said. Vodafone Idea Ltd chief executive Akshaya Moondra said in an earnings call with investors last week that a structural change was needed to prevent avoidable litigation.
20.08 / 18:17
Target Amazon Waters show audience Streaming smells blood in shark waters
NEW DELHI : The success of Shark Tank India on SonyLIV has triggered a rush for business reality shows by other streaming services as well, centred around small-town entrepreneurship and the concept of startups. Telugu over-the-top (OTT) service Aha has floated Nenu Super Woman for female entrepreneurs, while Amazon Prime has launched a series called Mission Start Ab.
20.08 / 17:49
COST Provident Manufacturing Mobile Pool electronic ‘Need incentives for R&D on battery tech’
NEW DELHI : The government should give incentives for research and development projects on advanced battery technology, said a CII report on Sunday. The report on battery manufacturing and its ecosystem released by the Confederation of Indian Industry (CII), suggested that incentives be given from a dedicated fund for the development of the battery technology ecosystem.
20.08 / 17:09
UPS IPO Provident NIFTY MSCI ‘Index earnings yield is unattractive compared to bond yields’
NEW DELHI : There has not been any meaningful change in Kotak Institutional Equities’ earnings growth outlook for FY24-25 following the June quarter results. Its chief executive officer and co-head Pratik Gupta said the market will continue to consolidate around the current levels for the next few months and there is no major catalyst for a sharp rally or a sustained correction. He believes India’s valuations are not cheap, and index earnings yield is also relatively unattractive versus bond yields.
20.08 / 17:09
COST UPS Extreme Celebrity country end End of diet curbs may fuel poultry price
NEW DELHI : After vegetables, poultry products including eggs and chicken are expected to see a sharp rise in sales and, consequently, prices starting September -- following the two-month-long Shravan restrictions. Hindus in parts of northern and western India follow dietary restrictions during the Shravan period.
20.08 / 17:09
UPS MAIL Aware Fighting country After UN body, 3 nations ask India to resume rice exports
NEW DELHI : Singapore, Indonesia and the Philippines, key diplomatic partners of India, have appealed to New Delhi to resume rice exports to their nations following India’s decision to suspend non-basmati shipments to check prices. Singapore has requested around 110,000 tonnes of rice from India. In June, Indonesia announced plans to import 1 million tonnes (mt) of rice from India to protect against disruptions caused by the El Nino weather pattern.
20.08 / 17:09
COST Citi Provident Mobile show country Govt’s electric mobility push may focus on public transport, charging
NEW DELHI : The Centre is considering shifting its financial assistance for adoption of electric vehicles (EVs) toward public transport such as e-buses. The support for purchase of private electric two-wheelers may be gradually phased out, said a person in the know of the developments. “There is a view that the subsidies should gradually be phased out for private two-wheelers and assistance should go for public transport and charging infrastructure," the person added.
20.08 / 15:39
UPS Provident Fighting country social Support Russia-Ukraine war may last decades, West's support will dry up soon: Former Kremlin leader Dmitry Medvedev
NEW DELHI: Former Russian president Dmitry Medvedev has warned that the Russia-Ukraine conflict may end up dragging on for decades as the fight is an “existential” conflict for Moscow and a «fight for its very existence». According to a report by RT, Medvedev posted on social media stating that «Russia must destroy and fully dismantle the Ukrainian state that is a terrorist in its essence, making sure this filth never re-emerges again». Medvedev, who is currently deputy chairman of the Russian Security Council, wrote: “Should it take years or even decades, then so be it. We have no choice: either we will destroy their hostile political regime, or the collective West will eventually tear Russia to pieces. And in this case, it will perish with us. Nobody needs this." «Therefore, the only way is a complete dismantling of the state machine of the hostile country and absolute guarantees of loyalty for the future. They can only be provided by Russia’s control over everything that is happening and will happen in the territories of the former Banderite state. And we will achieve that,» he said. 'Western support will dry up' MORE STORIES FOR YOU✕« Back to recommendation stor
20.08 / 10:29
covid19 country Pandemic emergency ended but COVID-19 virus still around, says WHO director general
New Delhi [India], August 20 (ANI): The World Health Organisation (WHO), Director-General, Dr Tedros Adhanom Ghebreyesus has reminded people that Covid-19 is still around and that countermeasures are still required. «I would like to highlight two things, one is on the countermeasures. As you know, COVID Emergency has ended but still COVID is around.
20.08 / 04:31
MET Digital country G20 ministers agree to adopt digital public infrastructure
New Delhi: G20 ministers responsible for the digital economy met in Bengaluru on Saturday and agreed that the Global South and other countries should adopt digital public infrastructure to digitalise their economies. “There were three major priority areas for the G20 meeting. First was DPI, second was information security or cybersecurity, and the third was skilling.
19.08 / 18:39
UPS classical Pakistan's Shoaib Akhtar hits out at Rohit Sharma, says he ‘panics’
ALSO READ: ‘Rahul, Rohit have plenty of choices…’: Sourav Ganguly makes surprising no. 4 picks for India's World Cup squad Previously India won the world cup in 1983 under legendary all-rounder and ex-skipper Kapil Dev. India were also runners-up at the 2003 Cricket World Cup, and semifinalists four times(1987, 1996, 2015, 2019).
19.08 / 12:43
UPS country Government to set up bureau of port security soon: Sarbananda Sonowal
₹1.68 lakh crore for this venture. Sonowal also emphasized India's aim to quadruple its port capacity by 2047, with plans already in motion for major ports. "The country’s port capacity is set to surge from the current 2,600 MTPA to over 10,000 MTPA in 2047," he confirmed.
19.08 / 12:43
Provident Digital Cooper Strategy Align country G20 health ministers unveil initiative on digital health
New Delhi: In a significant decision at the G20 Health Ministers' summit, nations have collectively launched the "Global Initiative on Digital Health (GIDH)." This move underlines the growing recognition and commitment to the amalgamation of digital health strategies on a worldwide spectrum. Health minister Mansukh Mandaviya underscored the pivotal role of digital health advancements in the quest for comprehensive health access for all.
19.08 / 11:59
Provident BLOCK OVL gets 3 more years for exploring Vietnamese oil block in South China Sea
New Delhi: State-run ONGC Videsh Ltd. has been allowed an extension to explore oil and gas for three more years till 15 June 2026 in a Vietnamese block in the South China Sea. "Navratna @ongcvideshltd secures extension of 3 more years to explore in South China Sea's Block 128! #India's strategic commitment stays strong as ONGC Videsh continues its exploration journey with its 8th extension till 15 June 2026.
19.08 / 11:49
Provident Target Waters Highways Eight states lag behind in meeting targets under Mission Amrit Sarovar
New Delhi: Eight states are lagging behind in meeting objectives under Mission Amrit Sarovar -- a campaign to rejuvenate water bodies -- even as the national target has been achieved, the ministry of rural development said in a statement. "States have taken efforts to achieve the district level target of 75 Amrit Sarovar in each of the districts of the State with an exception in case of West Bengal, Punjab, Telangana, Kerala, Tamil Nadu, Haryana, Bihar and Rajasthan wherein some of the districts are yet to achieve the target of 75 Amrit Sarovars per district," it added.
19.08 / 06:37
film Actor star audience Sanjay Dutt to star in Punjabi film as actors look beyond home markets
New Delhi: Actor Sanjay Dutt will be seen in a new Punjabi language film titled Sheran Di Kaum Punjabi to be directed by and co-starring Gippy Grewal. He joins the list of actors who are looking beyond catering to audiences in their home markets alone. The past few months have seen several actors breach linguistic and geographical borders to debut in films not in their native tongues.
19.08 / 06:37
UPS Citi Provident Target Platform country cover expansion International FuelBuddy eyes international expansion
New Delhi: Fuel delivery platform FuelBuddy is looking at expanding its global footprint by foraying into Africa. FuelBuddy is an online platform providing doorstep delivery of fuel. Apart from transporting fuels, the company sells lubricants.
19.08 / 05:07
MET FIVE country Another spell of rainfall likely over south Delhi in next 2-3 hours
New Delhi: Parts of west, south-west, and east Delhi, including areas such as Mundaka, Jafarpur, Nazafgarh, Preet Vihar, and Seema Puri, along with NCR regions like Bahadurgarh, Greater Noida, Ghaziabad, and Gurugram, saw showers in early hours on Saturday. The India Meteorological Department (IMD), in a statement at 09:36 am, forecast light to moderate rainfall, accompanied by thunderstorms and lightning over south Delhi in the nex 2-3 hours. “Light to moderate rainfall at most places with isolated heavy rainfall was observed over Delhi during the past 24 hours ending at 0830 am today.
19.08 / 04:27
Updates Delhi Rains News LIVE Updates: Severe waterlogging witnessed in Delhi, parts of Gurugram due to heavy rains
Delhi Rains News LIVE Updates: Heavy rains lashed parts of Delhi and the National Capital Region today morning. Rain showers triggered waterlogging in many areas of Delhi-NCRDelhi Rains News LIVE Updates: Giving a respite from adverse weather conditions in the national capital, heavy rains lashed parts of Delhi and the National Capital Region on Saturday morning.

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