City New Delhi Financial News

Russia's Sberbank has received permission from the Reserve Bank of India to establish an IT unit in Bangalore. The new IT office will house Sberbank's in-house data processing center.

New Delhi: Congress leader Rahul Gandhi charged on Thursday that the BJP-RSS are only interested in power and are working towards dividing the country as they do not care about the sorrow and pain of people. Addressing a Youth Congress programme virtually, Gandhi said, «The BJP-RSS only want power and can do anything to get power.

New Delhi: The G20 countries are set to launch the Resource Efficiency and Circular Economy Industry Coalition (RECEIC) today, according to an official statement. The announcement is scheduled to be made on the sidelines of the 4th environment and climate sustainability working group meeting and ministerial talks taking place in Chennai, Tamil Nadu.

New Delhi: The Commission for Air Quality Management in NCR and adjoining areas (CAQM) on Thursday met power distribution companies (discoms) of Delhi and NCR districts in Uttar Pradesh, Haryana, and Rajasthan to enhance preparedness for the upcoming winter season when air pollution levels generally spike. The meeting focused on curbing dependence on diesel generator sets (DG sets) for power generation during the period between October and February, when air pollution levels soar due to various meteorological factors, the ministry of environment, forest and climate change said.

New Delhi: The Indian government will consider Production Linked Incentive (PLI) scheme for the chemicals and petrochemicals industry as it pushes to become a manufacturing hub, finance minister Nirmala Sitharaman said on Thursday. "We are in favour of making India a manufacturing hub," Sitharaman said at Ficci’s Global Chemicals & Petrochemicals Manufacturing Hubs in India Summit. “We will consider PLI for chemicals and petrochemicals.".

New Delhi: Japan’s foreign minister Yoshimasa Hayashi is scheduled to visit India for two days, starting Thursday. Hayashi is expected to meet his Indian counterpart S Jaishankar during this visit, which is a part of his six-nation tour across Asia and Africa.

New Delhi: The Commission for Air Quality Management in NCR and adjoining areas (CAQM) on Thursday met power distribution companies (discoms) of Delhi and NCR districts in Uttar Pradesh, Haryana, and Rajasthan on Thursday to enhance preparedness for the upcoming winter season when air pollution levels generally spike. The meeting focused on curbing dependence on diesel generator sets (DG sets) for power generation during the period between October and February, when air pollution levels soar due to various meteorological factors, the ministry of environment, forest and climate change said.

New Delhi: US’s special presidential envoy for climate John Kerry met with Indian officials here during his visit to India to discuss climate cooperation. The talks focus on advancing shared climate and clean energy objectives, such as fostering investment in renewable energy, supporting the rollout of zero-emission buses, and diversifying clean energy supply chains.

New Delhi: Biscuit brand Parle continues to be the “most-chosen" in-home brand among fast moving consumer products for the record 11th year, according to the Kantar Brand Footprint India 2023 report released on Thursday. Britannia leads the way in the most chosen out-of-home (OOH) brand category, a metric included in this year’s ranking. Kantar’s report ranks the most chosen (in-home and out-of-home) FMCG brands based on consumer reach points (CRP’s).

New Delhi: Nuclear families made up 50% of Indian households in 2022, up from 34% in 2008, a development that marks a significant shift in the way Indian families inhabit large and small cities. This shift in family structure has a bearing on future consumption as nuclear families outspend joint families and experiment with more premium products, researcher Kantar Worldpanel said in a report. Nuclear families are better educated with 80% having some level of education.

New Delhi: India's largest container port, Mundra Port, has accelerated the despatch of containers after Cyclone Biparjoy's operational disruption last month, with throughput surpassing the levels seen before the storm. Data for the container facility showed a surge in rail-handled twenty-foot equivalent units (TEUs) for July to an average of 5,300, a rise from pre-cyclone levels of about 4,900. Post-cyclone, the number of double-stack container trains has jumped by 33%, expediting their clearance from the port.

New Delhi: Indian households continue to feel the strain of high inflation, with households most vulnerable to price hikes reporting a significant reduction in purchase of products like jams, ready-to-cook foods, floor cleaners and soft drinks, according to recent household data released by Kantar. The data reveals that households most affected by inflation are buying less kilogram of daily goods compared to others and are making frequent trips to the grocery store as they struggle to manage their monthly budgets effectively.

NEW DELHI: The finance ministry is ruling out the possibility of extending the deadline for filing income tax returns (ITRs) beyond July 31, amid calls for a postponement. Officials told TOI that the government was of the view that the deadline should not be extended unless there were major problems with the income tax portal, which is not the case at the moment. Tax professionals, who usually make this plea ev

NEW DELHI: The Supreme Court on Wednesday took up an interesting question concerning Hindus: Would an illegitimate child born out of a void or voidable marriage be entitled to the property of parents or have coparcenary right over the properties belonging to a Hindu Undivided Family (HUF)? As some of the contesting counsel veered towards a consensus that under Section 16(3) of the Hindu Marriage Act, 1956 a child born to a void or voidable marriage would be entitled to an equal share with children born to the legitimate wife/husband from the parent’s property, some others propped a doubt as to whether that property would include the self-acquired property of the parent or the inherited ancestral property. Arguments plumbed the depths of existing jurisprudence and threw up several hitherto judicially unattended nuances emerging from Section 16, which provided a clarification to the property right of an illegitimate child and limited it to parental property. Only clarification given by Section 16(3) is tha

Global food markets have been thrown into chaos yet again — not only because of Russia’s decision to pull out of the Black Sea grain deal, but also India’s announcement that it would ban the export of many varieties of rice. The partial exit of the rice market’s largest trading nation, with about a 40% share of exports, has led to fears that food inflation will race out of control, particularly in countries of the Global South that are already struggling with high debt levels and inflated food and fuel bills. Even if it is soon lifted, the export ban is a big mistake for India, both economically and geopolitically.

NEW DELHI, MUMBAI : The National Company Law Tribunal (NCLT) has granted relief to bankrupt Go First, allowing the grounded airline to utilize leased aircraft as it prepares to resume operations. In an order issued on Wednesday, NCLT said that the civil aviation regulator Directorate General of Civil Aviation (DGCA), has not deregistered the aircraft, which means that they are available to the airline to resume operations.

NEW DELHI : Six bills were introduced in the Lok Sabha on Wednesday, of which the key Forest (Conservation) Amendment Bill, 2023, was approved, amid continued protests by Opposition parties over the violence in Manipur and adjournments since the monsoon session started. The forest conservation bill is part of two key bills dealing with forests and biodiversity making their way through the Parliament in the monsoon session.

New Delhi: Unseasonal rains in the June quarter unfavorably impacted The Coca-Cola Company’s business in India but the beverage major kept its growth outlook for the market “intact". “India business was unfavorably impacted by unseasonable rain and cooler temperatures in the quarter. However, the growth outlook remains intact," James Quincey, Chairman and CEO of The Coca-Cola Company said during the company’s post earnings call on Wednesday.

Aadhaar Enrolment Centre (PAEC) for Indian Army has been inaugurated in New Delhi, an official statement said on Wednesday. The PAEC will facilitate Aadhaar-related services (enrolment and updation) for tri-services personnel (Defence and civil) and their dependents through their Field Post Offices (FPO) in 48 identified locations in the country.

Brussels has insisted that such items should be treated at par with new ones and be eligible for tariff concessions, while New Delhi has concerns it will lead to dumping of e-waste and impact India's domestic manufacturing. Remanufactured goods are those which have undergone transformation through recovery processes such as cleaning and testing to meet the same specifications as a new good. People privy to the development said there is also a view that import of plastic waste should be discouraged as India already has enough plastic that can be recycled.

NEW DELHI : State-owned Airports Authority of India (AAI), India’s largest airport operator, followed a set formula of having one Indian toilet for every 10 western ones at its aerodromes. That, however, changed after the onset of the pandemic, as its headquarters in New Delhi received numerous requests from many heads of airports across the country asking for that criterion to be relaxed.