City New Delhi Financial News

NEW DELHI: Summer crop coverage in India experienced a slight decline, reaching 830.31 lakh hectares as of 28 July, based on the latest data from the Ministry of Agriculture and Farmers’ Welfare. This represents a decrease from the corresponding period last year when the cultivated area stood at 831.65 million hectares. According to the data, rice cultivation, exhibited a notable increase, with an area of 237.58 lakh hectares sown this year compared to 233.25 lakh hectares during the same period in 2022.

Narendra Modi highlighted the unfortunate perception of several prosperous Indian languages at the inaugural event of the All India Education Convention at Pragati Maidan in New Delhi on July 29. It marked the third anniversary of the National Education Policy (NEP) 2020. He said that Indian languages were presented as unprogressive which is false, reported Hindustan Times.

New Delhi: Prime Minister Narendra Modi on Saturday inaugurated the Akhil Bhartiya Shiksha Samagam 2023 at the Bharat Mandapam in Pragati Maidan, New Delhi. The Akhil Bhartiya Shiksha Samagam will be held on 29-30 July 29. The ‘Samagam’ is held in conjunction with the third anniversary of the National Education Policy (NEP) 2020.

New Delhi: Digital health platform Tata 1Mg Labs will provide free anemia screening to 10,000 women and children in underprivileged areas on the occasion of JRD Tata's birth anniversary, the company said in a statement. Tata 1mg Labs will join hands with multiple NGOs for the screening tests via a series of camps held over the next two quarters across multiple cities.

India and Japan are exploring collaboration in critical and emerging technologies, including semiconductors and resilient supply chains, as part of a target $35.9 billion Japanese investment in the country by 2027

Advanced Micro Devices (AMD), which designs but doesn’t manufacture its own chips, will invest about $400 million in India over the next five years to expand research, development and engineering operations in the South Asian nation, Mark Papermaster, executive vice president and chief technology officer said on Friday. “I am pleased to announce that AMD will invest approximately $400 million in India over the next five years," he said. Making the announcement at the Semicon India 2023 conference, the top executive said that AMD will build a new campus in Bengaluru which will be AMD’s largest R&D facility in the world.

New Delhi: Prime Minister Narendra Modi pitched India to global semiconductor companies, highlighting its expanding talent pool, favourable tax regime, and financial incentives. Modi urged investors to seize the opportunity to invest in India and assured them that reforms to improve the business environment will continue. “Last year, the question people were asking at Semicon India was why they should invest in India, but in one year, the question has changed to why not invest.

New Delhi: The government pressed ahead with its legislative agenda in the monsoon session of Parliament, getting Lok Sabha approval for the Mines and Minerals (Development and Regulation Amendment) Bill, 2023 which seeks larger participation of the private sector in mineral exploration and production, including that for sought-after lithium. The reform initiative in the Bill brings lithium out from the list of restrictive atomic minerals where permission to mine could only be granted by the Centre to government companies.

New Delhi: Top film stars, traditionally cast in lead roles, are agreeing to play negative characters in high-budget, multilingual projects primarily outside their home market, in a new emerging trend. Emraan Hashmi, for instance, is set to portray the antagonist in Telugu star Pawan Kalyan’s upcoming project, while Sanjay Dutt will take on a similar role in Tamil star Vijay’s Leo.

New Delhi: A delegation of senior Tesla executives, comprising leaders of its public policy, supply chain and business development teams, is visiting India to actively engage with all government stakeholders to gain insights into the market. People aware of the matter, seeking anonymity, said that the representatives held meetings with Piyush Goyal, the commerce and industry minister, to discuss the incentives and benefits for selling its electric cars in India. The officials were also part of the celebrations on the sidelines of the inauguration of the India Trade Promotion Organization complex Bharat Mandapam, organized by the ministry, in the presence of Prime Minister Modi and Goyal.

Tesla executives discussed the company's plans to enter India with officials from the country's investment promotion arm in New Delhi, two people with direct knowledge of the matter said, the latest in a series of high-level talks. The U.S.

Indian government bond yields tracked a spike in U.S. peers on Friday, with the benchmark bond yield posting its biggest single-session rise in nearly a month as the government's debt auction added to fresh supply. The benchmark 7.26% 2033 bond yield ended at 7.1614%, compared to its previous close of 7.1227%.

New Delhi: As India and UK inch closer to signing a free trade agreement, both countries are set to take up contentious parts of the FTAs such as Intellectual property rights (IPR), rules of origin, Bilateral Investment Treaties (BIT) during the next round of talks in August, senior government official said on Friday. - Talks on IPR are crucial as India is the world’s largest provider of generic drugs, accounting for a fifth of global supply. The low cost of generics mean they comprise about 70-80% of the domestic retail market and are crucial to the well-being of the aging Indian population.

New Delhi: Prime Minister Narendra Modi will inaugurate the Akhil Bharatiya Shiksha Samagam, which is coinciding with the thies anniversary of National Education Policy 2020, on Saturday at the India Trade Promotion Organization, the prime minister’s office said on Friday. During the programme, the prime minister will release the first instalment of funds under the PM SHRI Scheme.

According to an exclusive report from Reuters on Friday, BYD (SZ:002594), China's top automaker in terms of sales, has communicated to its joint venture partner, Megha Engineering and Infrastructures, that they will be putting on hold their intentions to invest $1 billion in constructing electric cars in India. The decision came about after their investment proposal underwent careful examination by authorities in New Delhi, as revealed by two individuals familiar with the matter.

India on Thursday described as «unacceptable» China issuing stapled visas to a few sportspersons from Arunachal Pradesh and asserted that it reserves the right to «suitably respond» to such actions.External Affairs Ministry Spokesperson Arindam Bagchi said India has lodged its «strong protest» with the Chinese side on the matter and there should be no discrimination on the basis of domicile or ethnicity in the visa regime for Indian citizens. Following the incident, India withdrew its entire Wushu team from the World University Games in China as 'stapled visas' were given to three Arunachal players.What is a stapled visa that China chooses to give to Indian nationals from Arunachal Pradesh and Jammu and Kashmir? A ‘stapled visa’ is an unstamped piece of paper that is simply attached by a pin to a page of the passport.

New Delhi: US-headquartered semiconductor component, engineering and services firm Lam Research on Friday announced its first pilot initiative for training semiconductor fabrication engineers in the country in partnership with the Indian Institute of Science (IISc). The memorandum of understanding (MoU) between Lam Research and IISc was unveiled at the Semicon India 2023.

New Delhi: Bharat Petroleum Corporation Limited (BPCL) on Friday entered into a strategic partnership with Ather Energy to fortify and expand the country’s largest electric vehicle (EV) charging network. Ather Energy will gain access to BPCL’s extensive network of over 21,000 fuel stations across India, paving the way for the installation of Ather’s fast-charging grid, the company said in a statement.

New Delhi: India's GDP will nearly double in the next seven years to $6 trillion, and per capita income will increase to $4,000 by 2030, Standard Chartered Bank Research said in a report on Friday. India's GDP currently stands at about $3.5 trillion and per capita income at $2,450 during CY 2022.

New Delhi: Commerce and industry Piyush Goyal has said that the chemical and petrochemical industry plays a crucial role in India’s economic progress and is expected to continue being a key driver of growth. While addressing the session on ‘FTAs – Connecting the world- Vasudhaiva Kutumbakam- One Earth, One Family, One Future’ at the 3rd Edition Summit on ‘India: Global Chemicals and Petrochemicals Manufacturing Hubs’ (GCPMH 2023), Goyal lauded the contribution of the chemical and petrochemical industry to India’s economy, innovation ecosystem and employment generation.

New Delhi: To promote digital health adoption and make healthcare more accessible, the National Health Authority (NHA) has launched 100 Microsites Project under Ayushman Bharat Digital Mission (ABDM). According to the ministry of health and family welfare, these microsites will serve as clusters for small and medium-scale clinics, nursing homes, hospitals, labs, pharmacies, and other healthcare facilities that are ABDM-enabled and offer digital health services to patients.