City New Delhi Financial News
24.07 / 14:27
Citizens
Remark
performer
country
States witness sharp increase in per capita income during 2022-23
New Delhi: The financial year 2022-23 witnessed a significant boost in the per capita net state domestic product (NSDP) for several states, driven by a surge in economic activities across the country. In a written reply in the Rajya Sabha, the minister of state with independent charge for MOSPI (Ministry of Statistics and Programme Implementation), Rao Inderjit Singh, said that the per capita NSDP at current prices recorded an impressive annual growth rate of approximately 13-15% in most states during the mentioned period.
24.07 / 14:27
COST
performer
Domestic D&P industry faces challenges amid demand decline and input cost fluctuations: Report
New Delhi: The domestic dye, dye intermediates, and pigment (D&P) industry witnessed a challenging FY23 as it grappled with a decline in demand from its primary end-user, the textile industry, according to a report by CareEdge Ratings. The industry also faced significant hurdles due to volatile input costs, including raw materials, fuel, and freight, resulting in major players experiencing a moderation in total operating income (TOI) by over 5% and a contraction in operating profitability of around 400 basis points. A multitude of factors contributed to this downturn, including high inflation across major economies, disruptions stemming from the Russia-Ukraine war, and stiff competition from low-cost Chinese products.
24.07 / 13:45
24.07 / 13:45
Reuters
Progressive
Manufacturing
CEO
Tesla
country
Tesla to resume factory talks and plans for $24k car with India commerce minister
Reuters reports Monday, citing a person with direct knowledge of the matter, that Tesla (NASDAQ:TSLA) representatives are set to meet India’s commerce minister this month.
24.07 / 13:27
MET
Progressive
India, UK conclude another round of talks on free trade agreement
New Delhi: India and the UK concluded the eleventh round of talks for a proposed free trade agreement last week, and the next round of negotiations is due to take place in the coming month, the ministry of commerce & industry said on Monday. The negotiations for the agreement were launched on 13 January 2021.
24.07 / 13:27
UPS
Aviat
show
country
Consumption
India’s petroleum products consumption rises nearly 5% in Q1 FY24
New Delhi: Consumption of petroleum products in India during April-June rose 4.9% year-on-year (YoY) to 58.8 million metric tonne. Data from Petroleum Planning and Analysis Cell (PPAC) showed that the growth was led by a 13.4% growth in jet fuel consumption, followed by an 8.1% increase in diesel use and 6.8% rise in petrol usage. A total of 2 million metric tonne (MMT) aviation turbine fuel (ATF) was consumed during the first quarter of this fiscal, against 1.7 million metric tonne a year ago. Diesel and petrol consumption stood at 23.9 MMT and 9.4 MMT, respectively, during the quarter under review, compared to 22.2 MMT and 8.8 MMT, respectively, a year ago.
24.07 / 13:15
Immunic
country
reports
India reports 47 new covid cases in a day
New Delhi: India reported 47 new covid-19 cases in the last 24 hours, the union health ministry data said in an update on Monday. The country has been witnessing a steady decline in the number of covid cases for the last many months. Total reported cases stand at over 4.50 crore, with death toll at 531,915. The active caseload currently stands at 1,464.
24.07 / 13:15
Provident
Digital
show
Most tax filers report zero income tax liability
New Delhi: Around 70% of people who filed income tax returns in FY23 reported no tax liability, data presented to the Parliament by finance minister Nirmala Sitharaman in a written response to a question showed. In FY23, 74 million persons filed income tax returns but 51.6 million reported zero tax liability, showed the data.
24.07 / 13:15
Executive
ReNew appoints three non-executive independent directors
New Delhi: Green energy major Renew Energy Global (ReNew) on Monday announced the appointment of three non-executive independent directors. The three newly inducted directors are Paula Gold-Williams, Nicoletta Giadrossi, and Philip Graham New.
24.07 / 12:34
UPS
Assurant
country
Govt steps up focus on exploration of critical minerals
New Delhi: The central government has stepped up exploration and production of critical minerals in the country with number of licences given to find domestic deposits, union minister of Coal, Mines and Parliamentary Affairs Pralhad Joshi said on Monday. In a written reply to a question in Rajya Sabha, the minister said that the government has released a list of 30 critical minerals for India and would focus on exploration and subsequent production of these.
24.07 / 12:33
UPS
Provident
country
National
Govt tables Nursing and Midwifery Commission Bill, National Dental Commission Bill in Parliament
New Delhi: The central government on Monday introduced the National Nursing and Midwifery Commission Bill, 2023, and the National Dental Commission Bill, 2023, in Lok Sabha. The National Nursing and Midwifery Commission Bill aims to set up National Nursing and Midwifery Commission (NNMC), and will repeal the Indian Nursing Council Act, 1947, to streamline nursing education in India.
24.07 / 10:37
UPS
MET
FIVE
Maxim
Waters
country
No coal shortage; domestic production up 8.5% Apr-Jun: Pralhad Joshi
New Delhi: There is no shortage of coal in the country as of now, with domestic production up during April-June this year, said Union minister of coal, mines, and parliamentary affairs Pralhad Joshi on Monday. All India coal production for fiscal year 2022-23 stood at 893.19 million tonne (MT), up 14.7% year-on-year (YoY). In the current fiscal till June 2023, production was up 8.51% YoY at 223.36 million tonne.
24.07 / 10:37
UPS
Waters
Extreme
Southern
Orange
Northern India to receive heavy rainfall on Wed-Thu, says IMD
New Delhi: The India Meteorological Department (IMD) has forecast very heavy rainfall of 115.6 to 204.4 mm in Himachal Pradesh and Uttarakhand on Wednesday and Thursday. The two states have been issued an orange alert. During 1 June-23 July, northwest India received 40% above-normal rainfall at 318.8 mm.
24.07 / 10:15
PNB Housing Q1 Results: Net profit rises 48% YoY to Rs 347 crore on strong housing demand
PNB Housing Finance on Monday posted a nearly 48% rise in first-quarter profit, driven by robust demand for housing loans and improved asset quality. PNB Housing, a unit of state-run lender Punjab National Bank, said its consolidated net profit after tax stood at Rs 347 crore for the quarter ended June 30, compared with Rs 235 crore a year earlier.
24.07 / 08:37
Reuters
McDonald's
Mobile
Subway
KFC
Subway India goes the McDonald's way, drops tomatoes from menu
airport terminal went so far as to display a sign informing customers of the "Temporary Unavailability of TOMATOES" and explained that they are currently unable to source enough tomatoes that meet their quality standards. "It's very expensive," Reuters quoted one Subway store employee as saying.
24.07 / 08:37
COST
Compilation
COMPOSITE
Align
performer
recovery
Industrial materials prices continue to decline with hopes of recovery in second half of 2023: Report
New Delhi: Prices of industrial materials have been on a decline for a while now, raising concerns for various sectors, but analysts foresee a potential rebound in the latter half of 2023, according to a report by S&P Global Market Intelligence. The Materials Price Index (MPI) compiled by S&P Global Market Intelligence reveals a 2.8% sequential decline in industrial materials prices during June . The second quarter of 2023 recorded a staggering 32% year-over-year (YoY) slump.
24.07 / 08:37
Gap
Align
India-US ties have rarely had superior prospects | Mint Primer | Mint
The India And The Us Have Been Coming Closer, No D... moreThe India And The Us Have Been Coming Closer, No Doubt, But There Are Still A Few Differences That Have Proven Hard To Resolve And Held Back Ground-Level Engagement.
24.07 / 07:25
Progressive
social
India hits the accelerator on critical-minerals security
Rajesh Chadha is senior fellow and Ganesh Sivamani is research associate at the Centre for Social and Economic Progress (CSEP), New Delhi. The views expressed are their own.
24.07 / 07:25
country
Vande Bharat Express trains have a very good fire safety arrangements: Railway Board Chairman
Railway Board Chairman, Anil Kumar Lahoti has allayed fears about fire safety in Vande Bharat Express trains, saying these semi-high-speed trains have "very good" arrangements on this front. Lahoti, while speaking to reporters on Sunday, days after a blaze erupted in the battery box of a coach of the Vande Bharat train heading from Madhya Pradesh capital Bhopal to New Delhi, "There are no concerns regarding the safety of passengers in the Vande Bharat trains. There are also very good arrangements for fire prevention in these trains." The fire that broke out in the Bhopal-Delhi Vande Bharat train was confined to the battery box only.
24.07 / 05:01
Provident
Target
NIFTY
show
cover
Bargain buying opportunity in HCL Tech shares after last week’s dip: Anand James
NEW DELHI: The deep cut in the last few days appears to have found bargain buying in HCL Tech, providing a window for upside reversal, says Anand James, Chief Market Strategist at Geojit Financial Services. “But, should it fail to float above Rs 1135, a new leg of downsides could unfold,” he said, adding that Infosys may continue to face pressure. Edited excerpts:Nifty bulls got fever at 20,000-mark. Do the charts indicate that the milestone is likely to be hit this week if IT stocks do not play spoilsport?Our favoured end point for last week’s move was 19850-950, and though there was a brief penetration above the upper range, momentum failed to sustain.
24.07 / 04:23
UPS
CEO
Mobile
Highways
TikTok
country
Focus on China dominated Biden-Modi meeting in Oval office, reveals official
Narendra Modi and President Joe Biden during their meeting at the Oval Office last month spent a “plurality" of their time having discussions on China and its leader Xi Jinping, according to a senior administration official familiar with the discussion. As reported by PTI citing a senior administration official on conditions of anonymity, “In the Oval Office meeting between Modi and Biden, a plurality of that time was just spent talking about China...
what's happening in city New Delhi
What is the current situation in city New Delhi?
In city New Delhi, the spotlight is on local government initiatives that impact the interests of residents.
Where can I find reliable news about city New Delhi?
We publish verified updates about the situation in city New Delhi, based on information from official representatives.
What shapes the media agenda in city New Delhi?
The news landscape of city New Delhi is shaped by the region’s internal dynamics, reflecting its unique context.
