City New Delhi Financial News
03.08 / 16:51
FIVE
country
reports
expansion
India dismisses reports that it opposes BRICS expansion
BRICS summit in Johannesburg set to discuss admitting new members, India on Thursday dismissed as «baseless» reports that it is opposed to the expansion of the grouping. It is learnt that New Delhi is yet to take a final decision on Prime Minister Narendra Modi's in-person attendance in the summit of the five-nation grouping from August 22 to 24. The summit is set to extensively deliberate on expansion of BRICS (Brazil, Russia, India, China and South Africa).
03.08 / 16:43
Manufacturing
country
Regulator tightens cough syrup test norms
NEW DELHI : The drug regulator has warned cough syrup manufacturers not to send samples of the same batch to multiple government-accredited testing laboratories at the same time. In the event of a drug maker found violating the rules, government labs will not test any of their samples, Drug Controller General of India (DCGI) Rajeev Raghuvanshi warned.
03.08 / 16:43
UPS
Manufacturing
Mobile
show
electronic
E-way bills 3rd highest in July despite rain-led disruptions
NEW DELHI : Electronic permits for goods shipments within and across states—the so-called e-way bills—inched up to 87.95 million in July, up from 86 million in June, suggesting continued momentum in economic activity in spite of heavy rains disrupting mobility in parts of North India. The number of permits raised in July under the GST regime for goods movement is the third highest on record, e-way bill data shows.
03.08 / 14:33
Waters
Manufacturing
performer
country
Consumption
India’s stainless steel consumption grew by 10% in FY23
New Delhi: Stainless steel consumption in India grew by nearly 10% during the past fiscal year, reaching 4 million tonne, as per data unveiled by the Indian Stainless Steel Development Association (ISSDA). Data released by the industry body indicates that India's per capita stainless steel consumption advanced from 2.5 kg to 2.8 kg, driven by heightened demand for the eco-friendly metal in sectors such as Railways, process industries, and ABC (architecture, building and construction).
03.08 / 14:33
UPS
Hyundai
Shell
show
reserves
Global energy giants line up for Phase II strategic petroleum reserves project in India
New Delhi: In a testament to India’s growing significance in the global energy landscape, top-tier international energy giants have shown enthusiasm in participating in Phase II of the country’s Strategic Petroleum Reserves (SPR) project, said minister of state in the ministry of petroleum & natural gas, Rameswar Teli. In a written reply in the Lok Sabha, the minister said, “During the two Road shows conducted, global trading companies like Trafigura, BP, SKE&C, Petrochina, GASP, Vopak, Geostock, Monnet, Hyundai, Gulf Energy, Natixis, Vitol, Glencore, DBS, KNOC, Lloyd’s Register, IC-Group, ANU Resources, Shell, Parson Brinkerhoff, Sweco AB, SKANSKA etc., evinced interest in participating in Phase II SPR project." The underground SPR storages, located in Visakhapatnam, Andhra Pradesh (1.33 MMT), Mangaluru (1.5MMT), and Padur, Karnataka (2.5 MMT), have a combined capacity of 5.33 million metric tonne (MMT) of crude oil.
03.08 / 12:39
UPS
Cooper
Manufacturing
CEO
Mobile
Metro
Govt to continue FAME subsidy, plans payment security mechanism for EVs: PMO advisor
New Delhi: The government is committed to driving the adoption of electric vehicles and will continue with the FAME (Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles) subsidy to bridge the price difference in EVs, said Tarun Kapoor, adviser, Prime Minister’s Office, said on Thursday. Speaking at the national conference on electric mobility organized by Assocham, Kapoor emphasized the importance of finding ways to bring down the price of EVs, as government subsidies cannot be permanent.
03.08 / 12:37
BLOCK
country
peace
India to participate in Ukraine peace talks hosted by Saudi Arabia
India will participate in Ukraine peace talks to be hosted by Saudi Arabia on Aug. 5 and 6, a foreign ministry spokesperson said during a news briefing on Thursday. Saudi Arabia has invited Western nations, Ukraine and some major developing countries to discuss the peace plan proposed by Ukrainian President Volodymyr Zelenskiy earlier this year.
03.08 / 12:17
Target
Strategy
Discover
country
Consumption
surges
Gasoline consumption surges 19.7% in Q1: Govt
New Delhi: Gasoline consumption increased 19.7% during the June quarter compared to the same period of last year to a provisional assessment of 9.377 million tonne, minister of state in the ministry of petroleum and natural gas Rameswar Teli said. In a written reply in the Lok Sabha, the minister said, to meet the growing energy demands, Indian refineries presently have a refining capacity of 253.9 million tonnes per annum (MTPA).
03.08 / 12:17
Provident
Google
Mobile
Highways
track
NHAI unveils mobile app for comprehensive info, complaint redressal
New Delhi: To enhance highway user experience, the National Highways Authority of India (NHAI) has introduced ‘Rajmargyatra,’ a unified mobile application aimed at providing comprehensive information and efficient complaint redressal for national highway users. “This user-friendly app is now available for download on both Google Play Store and iOS App Store, empowering travellers with comprehensive information on Indian National Highways while also offering an efficient complaint redressal system.
03.08 / 12:17
UPS
Assurant
Immunic
country
reports
India reports 77 new covid cases in a day
New Delhi: India reported 77 new covid cases in the past 24 hours, pushing up marginally the number of active cases to 1,533 from 1,474 the previous day, the health ministry said in an update on Thursday. Total reported cases, since the pandemic hit in early 2020, has surpassed 4.50 crore to date. while death toll stands at 531,918.
03.08 / 12:17
ONGC signs term contract with BPCL for sale of crude oil
New Delhi: Oil and Natural Gas Corp. Ltd. (ONGC) has inked a term contract with Bharat Petroleum Corp.
03.08 / 11:17
Provident
love
BCS
National
Honoring Fallen Heroes: A Noble Tribute at the National War Memorial, New Delhi
The National War Memorial (NWM) in New Delhi stands as a symbol of reverence for the brave Battle Casualties (BCs) who made the ultimate sacrifice for the nation. With 25,941 names inscribed at the Tyag Chakra, the memorial holds the memory of their valor and heroism.
03.08 / 11:17
Provident
Digital
Booking
Strategy
love
TELUS
cover
Indian
International
TELUS International India introduces TELUS International University; partners with several Indian educational institutions
TELUS International India has introduced the TELUS International University (TIU) initiative, aimed at supporting its team members and their families in pursuing their educational aspirations at prominent institutions in the region. The programme aims to offer a distinctive partnership model that includes employee subsidies and discounted courses. TIU claims to provide an extensive range of in-person and virtual courses for personal and professional development, covering various subjects like artificial intelligence, cyber security, product leadership and strategy, HR analytics and business management, according to an official release.
03.08 / 11:05
COST
Booking
Action
Airlines
cover
Consumer forum orders Lufthansa to pay Rs 4.75 lakh to mother and child for denying boarding
Lufthansa to reimburse the airfares totaling Rs 4.5 lakh and pay an additional compensation of Rs 25,000 to the child and mother for denying boarding in an Athens-bound flight. As per a ToI report, the child and mother were grounded at Kempegowda International Airport (KIA) in Bengaluru in 2021. The airline's ground staff reportedly denied boarding, claiming that transit through Germany was prohibited with an emergency travel document.
03.08 / 10:39
UPS
Provident
Waters
COMPOSITE
awards
country
Rajya Sabha passes offshore mineral areas bill; private firms to benefit
New Delhi: The Rajya Sabha on Thursday passed the Offshore Areas Mineral (Development and Regulation) Amendment Bill, 2023, paving the way for enhanced transparency in the allocation of minerals seated in country’s offshore basins, with a provision for granting production lease only through auction and keeping a reservation for government entities and public sector units (PSUs). In a first, the Bill opens up country’s vast mineral-bearing offshore areas.
03.08 / 10:01
UPS
Provident
Citizens
Aware
country
Organ donation increased from 5,000 to 15,000 annually since 2013: Mandaviya
New Delhi: India has seen a significant tripling of organ donations over the past decade, with the annual count rising from 5,000 in 2013 to 15,000 currently, union health minister Mansukh Mandaviya said on Thursday. “There cannot be a greater service to humanity than giving life to another person. In 2013, around 5000 people came forward to donate their organs.
03.08 / 10:01
03.08 / 08:57
UPS
FIVE
Action
stage
CBI
CBI registered 135 cases against civil service officers in last 5 years: Jitendra Singh
New Delhi: Union minister Jitendra Singh on Thursday said that the Central Bureau of Investigation (CBI) registered a total of 135 cases against various civil service officers over the last five years. The cases were registered during the years 2018, 2019, 2020, 2021, 2022, and up to 30 June 2023.
03.08 / 08:57
Man
Platform
Entertainment
Sony
show
audience
Crunchyroll adds new titles to AVoD slate
New Delhi: Global anime brand Crunchyroll has announced that the streaming platform will be adding a new batch of series to its available AVoD (advertising-based video-on-demand) catalogue, including titles like Chainsaw Man, SPY x FAMILY, VINLAND SAGA, BLUELOCK, Lycoris Recoil, My Dress-Up Darling, and others. Crunchyroll, LLC is an independent joint venture between Sony Pictures Entertainment in US and Aniplex in Japan, a subsidiary of Sony Music Entertainment (Japan) Inc., both subsidiaries of Tokyo-based Sony Group Corp.
03.08 / 07:25
Digital
Cooper
Remark
country
Latin
Supply chain resilience, resource partnerships key for India-Latin America relations: Jaishankar
New Delhi: Supply chain diversification and resource partnerships are key pillars driving intensified engagement between India and Latin America, said external affairs minister S Jaishankar. “The pandemic has shown that today there is an urgent global need for more resilience and reliability of supply chains, whether it is energy, whether it is food or whether it is even consumer security," Jaishankar said, speaking at the CII India-LAC Conclave. “The international economy today needs multiple and redundant sourcing, it needs more diversified production and that is something where there are new opportunities for us," he added.
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