City New Delhi Financial News

08.08 / 11:21

UPS Reuters India wheat prices jump to 6-month high on demand, limited supply

wheat prices surged to a six-month high on Tuesday due to limited supplies and robust demand ahead of the festival season, dealers said. The increasing prices may prompt New Delhi to eliminate import duties on the cereal to bolster supplies and control prices ahead of key state polls and next year's general election. Rising wheat prices could contribute to food inflation and potentially complicate the efforts of both the government and the central bank to contain inflation.

08.08 / 10:23

UPS Progressive Manufacturing Strategy Govt sets up task forces to drive decarbonization, quality enhancement in steel industry

New Delhi: In a move towards a greener and more sustainable future for the steel industry, the government on Tuesday announced the formation of 13 task forces comprising key stakeholders such as industry experts, academia, think tanks, scientific and technological bodies, as well as various ministries. These task forces have been tasked with the mission of deliberating on strategies and recommendations to facilitate the decarbonization of the steel sector.

08.08 / 10:15

Provident Progressive Platform Fitch beautiful Tata Cliq Palette opens first offline beauty store

New Delhi: Tata Cliq Palette, the beauty retail platform under Tata Unistore, on Tuesday announced the opening of its first beauty store in Nexus Seawood Mall in Navi Mumbai. The retailer also launched its beauty app that directly competes with the likes of Nykaa and Reliance Retail’s Tira. “Tata CLiQ Palette recognises that everyone’s beauty journey is different.

08.08 / 10:15

Provident Lowe's FIVE Stanlow Terminals, Eni UK join hands to advance carbon transport, storage projects

New Delhi: Stanlow Terminals Ltd on Tuesday said it has signed a memorandum of understanding (MoU) with Eni UK Ltd, the UK subsidiary of global energy company Eni, to explore the development of carbon dioxide (CO2) collection, shipping, and storage at the Stanlow Terminal location and then deliver the received CO2 into Eni UK’s carbon transport and storage infrastructures currently being developed in the North West region of the UK. “Stanlow Terminals and Eni UK will evaluate opportunities to establish an open-access CO2 transport and storage terminal which will be capable of receiving, gathering and storing CO2 from industrial emitters and other sources via shipping from dispersed locations," the company said in a press release.

08.08 / 10:15

UPS Actor electronic Ducati Diavel V4 launched in India, bollywood actor Ranveer Singh appointed as brand ambassador

Ducati Diavel V4 comes ingrained with technical, dynamic, and stylistic features, such as those of sport nakeds and muscle cruisers. The motorcycle comes with a starting price of ₹25.91 lacs (ex-showroom). Deliveries will begin immediately across all Ducati stores in New Delhi, Mumbai, Pune, Bengaluru, Chennai, Hyderabad, Kochi, Kolkata, Ahmedabad, and Chandigarh.

08.08 / 08:41

Boeing United Airlines to add frequency of Delhi-New York flight service to twice a day from October 29

United Airlines on Tuesday announced increasing the frequency of its flight services between Delhi and New York/Newark to twice daily, from once at present, starting October 29 this year. In line with the existing year-round service, the additional flight will also be operated with Boeing 787-9 Dreamliner aircraft, United Airlines said in a statement.

08.08 / 08:41

Digital Cooper Manufacturing country India to launch BRICS startup forum for collaborations among entrepreneurs: Piyush Goyal

BRICS startup forum this year to facilitate collaboration and share best practices among investors, incubators and aspiring entrepreneurs, commerce and industry minister Piyush Goyal has said. BRICS is a grouping of Brazil, Russia, India, China and South Africa.

08.08 / 08:25

COST Citi Manufacturing CEO electronic Industrial, logistics leasing jumps 35% across 8 cities in Jan-Jun: Report

New Delhi: Leasing activity in India’s industrial & logistics sector surged to 19.1 million sq. ft. across eight major cities during the first half of 2023 (Jan-Jun), marking a substantial 35% year-on-year increase, according to a report by CBRE South Asia Pvt.

08.08 / 07:51

Provident Manufacturing country WHO warns against India-made contaminated cough syrup supplied to Iraq

New Delhi: The World Health Organization (WHO) has raised an alert over a batch of contaminated cough syrup found in Iraq and manufactured by an Indian drug company. This is the latest in the series of such warnings about substandard medicines from India. The cough syrup, manufactured by Fourrts (India) Laboratories Pvt Ltd and branded COLD OUT, was found to contain unacceptable amounts of contaminants diethylene glycol (0.25%) and ethylene glycol (2.1%).

08.08 / 07:51

Digital Cooper Citizens Enterprise country boost India to launch BRICS Startup Forum to boost startups, investors, incubators: Goyal

New Delhi: India is all set to initiate the BRICS Startup Forum in 2023 with the objective of promoting collaboration and knowledge sharing among startups, investors, incubators, and emerging entrepreneurs, said commerce and industry minister Piyush Goyal, during the virtual “7th BRICS Industry Ministers’ meeting," hosted by South Africa as the Chair. The minister while highlighting the transformation that has taken place in India, also commented on the expanding Startup India initiative that has led to the creation of nearly 100,000 startups in the country.

08.08 / 05:37

Provident show country Inside ‘Rahul Gandhi should apologise…,’ Anurag Thakur on Congress's alleged links to pro-China website NewsClick

‘Congress ka haath 'NewsClick' ke saath, 'NewsClick' ke upar China ka haath.’ He also demanded that Rahul Gandhi should apologise to nation. While speaking to news agency ANI, he said, “All I would like to say Congress ka haath 'NewsClick' ke saath, 'NewsClick' ke upar China ka haath.

08.08 / 04:11

Progressive lawmakers US lawmakers independence day Independence Day 2023: US lawmakers to attend PM Modi's address at Red Fort

PTI, this notable group is being led by Indian-American Congressman Ro Khanna and Congressman Michael Waltz. Their leadership stems from their roles as co-chairs of the bipartisan Congressional Caucus on India and Indian Americans, as stated in an official announcement. The lawmakers will visit Red Fort where the Prime Minister will address the nation on August 15th, India’s Independence Day.

08.08 / 04:05

COST UPS Reuters Manufacturing Platform Gap India bars makers of military drones from using Chinese parts

India in recent months has barred domestic manufacturers of military drones from using components made in China over concerns about security vulnerabilities, according to four defence and industry officials and documents reviewed by Reuters. The measure comes amid tensions between the nuclear-armed neighbours and as New Delhi pursues a military modernisation that envisages greater use of unmanned quadcopters, long-endurance systems and other autonomous platforms.

07.08 / 20:07

Provident fiu FIU can share data with GSTN: minister

New Delhi: The government has recently issued an order under the Prevention of Money Laundering Act (PMLA) to enable the Director of Financial Intelligence Unit-India (FIU) to send various reports to Goods and Services Tax Network (GSTN), the company that processes GST returns, minister of state for finance Pankaj Chaudhary informed the Lok Sabha on Monday. Chaudhary said in a written reply that FIU is enabled to share reports like cash transaction report and suspicious transaction report to GSTN for making them available to GST authorities, where such reports are found relevant for GST evasion.

07.08 / 20:07

Manufacturing performer exclusive week Improved US growth outlook drives Lupin stock prices to 52-week high

NEW DELHI : Lupin saw its stock prices scale 52-week highs on Monday, helped by an improved earnings outlook. The stock has gained almost 67% since the end of March. New launches in the US during the last quarter and lower competitive intensity in the base business lifted the company’s overall Q1 FY24 performance as it returned to profits compared to loss in the year-ago quarter, adding to confidence.

07.08 / 18:59

Instagram Mizoram chief minister Zoramthanga turns mediator

Indigenous Tribal Leaders' Forum (ITLF) is likely to meet Union home minister Amit Shah in New Delhi on Tuesday following the intervention of Mizoram chief minister Zoramthanga who has convinced the Kuki-Zo community to hold talks with the central leadership. With Mizoram going for assembly polls by this year-end, the issue of Zo people's unity has become a key factor in Mizoram.

07.08 / 18:49

Aware Platform Remark Deloitte show cover ICAI to flag concerns about Byju’s financials

NEW DELHI : The Institute of Chartered Accountants of India (ICAI), the accounting rule maker and self-regulator of auditors, is likely to flag concerns about the preparation of financial statements by Think & Learn Pvt. Ltd, which runs the Byju’s online tutoring platform, to the ministry of corporate affairs after a review of its FY20 and FY21 accounts, two people aware of the development said.

07.08 / 18:47

COST UPS Cooper DAL surges Veg thali cost surges 28% in July amid soaring food prices

NEW DELHI : Soaring prices of vegetables, especially tomatoes, onions, and potatoes, have placed a heavy burden on the poor, who spend the bulk of their income on food. According to a Crisil study, the cost of a typical vegetarian thali, commonly consumed across several parts of India, has surged by a third in just a month. The cost of preparing a vegetarian thali at home surged by 28% in July from the preceding month due to the jump in prices of vegetables and spices.

07.08 / 18:47

UPS IPO Provident Assurant NIFTY Ant Ant transfers 10.3% in Paytm to Sharma

MUMBAII, NEW DELHI : Ant Group transferred about 44% of its stake in One 97 Communications Ltd, which runs Paytm, to founder and chief executive Vijay Shekhar Sharma, a move seen as an effort to reduce the Chinese company’s ownership in the Indian fintech giant. Paytm said Resilient Asset Management BV, an overseas entity owned by Sharma, will acquire the ownership and voting rights of 10.3% of the stake in the company held by Antfin (Netherlands), a unit of Ant Group, formerly known as Ant Financial. Upon successfully completing this transaction, Sharma’s Paytm holding will increase to 19.42%, making him the company’s largest shareholder.

07.08 / 18:47

UPS BLOCK Digital Landmark Platform electronic LS okays data bill; worries on Centre’s powers remain

NEW DELHI : The Lok Sabha on Monday passed the landmark Digital Personal Data Protection (DPDP) Bill amid loud protests from the Opposition. The bill, which sets stiff penalties for data breaches, comes six years after the Supreme Court ruled that privacy was a fundamental right. It will now go to the Rajya Sabha for its approval.

07.08 / 17:23

Progressive Assurant Inside social Headway in move for industry standards

NEW DELHI : Markets regulator Securities and Exchange Board of India’s (Sebi’s) plans to form industry standards forum is making progress as the industry has conveyed to Sebi four priority areas. Last month, Sebi announced that it will rope in industry support to formulate standards for implementation of specific rules.

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