City New Delhi Financial News

23.07 / 10:33
Parke Opera cover Redeveloped ITPO complex set to host G20 summit
New Delhi: The redeveloped Indian Trade Promotion Organisation (ITPO) complex, which will host G20 leaders' meetings in September, will be inaugurated on 26 July. "With a campus area of approximately 123 acres, the Pragati Maidan Complex proudly holds the title of India's largest MICE (meetings, incentives, conferences and exhibitions) destination," read a tweet by the Press Information Bureau.
23.07 / 10:33
Citi FIVE Manufacturing India’s industrial and warehousing demand stable in first half of 2023: Colliers
New Delhi: Industrial and warehousing demand across the top five cities was stable during the first half of 2023 compared to the same period last year, with 11 million square feet of leasing, professional services and investment management company Colliers said in a report. According to Colliers, Delhi NCR continued to lead demand with 25% share, closely followed by Mumbai at 24.6%.
23.07 / 05:59
Provident Target Platform Opera stage cover audience PM Modi likely to inaugurate redeveloped ITPO complex on July 26
New Delhi: Prime Minister Narendra Modi is likely to inaugurate on July 26 the redeveloped ITPO complex here, which will host the G20 leaders' meeting in September, official sources said on Sunday. The venue, also known as the Pragati Maidan complex, has a campus area of approximately 123 acres and is India's largest MICE (Meetings, Incentives, Conferences, and Exhibitions) destination.
23.07 / 05:45
UPS Digital Action Continental country voice Overwhelming response to PM's proposal of making African Union permanent member of G20: Amitabh Kant
Narendra Modi's proposal to make the African Union a permanent member of the G20 has received overwhelming response from the grouping, India's G20 Sherpa Amitabh Kant has said. In an interview to PTI, the top negotiator noted that India was «very hopeful» of the African continental body finding a permanent position in the G20 during New Delhi's presidency of the grouping. Last month, Modi wrote to the leaders of the world's 20 largest economies pitching for giving the African Union full membership of the grouping at its upcoming summit in New Delhi in September.
23.07 / 01:19
MET Citizens Parke BAY country Courts China courts Myanmar as junta chief plans September visit to Beijing
China is courting Myanmar, a neighbour critical to India’s Act East Policy with the junta Chief Gen Min Aung Hlaing expected to visit Beijing in September, a visit that will be closely watched in New Delhi. This will be the General’s first trip to Beijing since the February 2021 coup that brought him to power. While China has been pushing various infrastructure projects in Myanmar for access to the Bay of Bengal region, it has so far been hesitant to host the General.
22.07 / 16:35
Lowe's Platform energy transition Low No joint communique after G20 energy transition meet; outcome document stresses on use of low emission tech
New Delhi: The G20 Energy Transition ministerial meeting has ended without a joint communique. An outcome document and chair’s summary were released, highlighting the significance of adopting biofuels and hydrogen generated using zero or low-emission technologies.
22.07 / 14:13
Align Metro Notice to mosques on encroachments: Railways says routine procedure, Waqf Board terms it 'surprising'
mosques in the national capital. The Railways recently issued notices to a mosque in the Bengali Market area and another near the Pragati Maidan metro station, asking them to remove encroachments within 15 days. A Northern Railways (NR) spokesperson said the structures are on railway land along the main route between New Delhi and Ghaziabad.
22.07 / 12:57
FIVE Extreme Action Strategy Align country COP28 COP28 president urges global participation in global cooling pledge ahead of climate conference
New Delhi: In a significant push towards climate action, COP28 president Sultan Ahmed Al-Jaber has called uponl countries to unite and join the Global Cooling Pledge ahead of the 28th Conference of the Parties (COP28). Speaking on the sidelines of the 14th clean energy ministerial and the G20 energy transitions ministerial meeting, Al Jaber emphasized the critical importance of sustainable cooling solutions to address climate challenges and protect vulnerable communities.
22.07 / 12:57
CEO country open Fabindia partners Dolomite to open Jamie Oliver’s cafes
New Delhi: Homegrown lifestyle brand Fabindia has partnered Dolomite Restaurants Pvt Ltd to open Jamie Oliver’s branded cafes at many Fabindia Experience Centres across the country. Dolomite Restaurants is the master franchise of Jamie Oliver brands in India and operates Jamie’s Italian, Jamie’s Pizzeria, Jamie’s Diner and Jamie’s Cafes. Fabindia operates 357 stores in 127 locations across the country, apart from 13 international outlets.
22.07 / 12:05
CEO Action Assurant Pool net zero EESL, CLASP partner to accelerate India’s net zero transition
New Delhi: Energy Efficiency Services Limited (EESL) and international non-profit organization CLASP signed a pact to support EESL’s 10 million energy-efficient fans programme, which will help support India’s transition to net zero carbon emissions. Under the partnership agreement, CLASP will support ceiling fans market transformation programme with technical assistance and capacity building to EESL on Quality Assurance and Quality Control (QAQC).
22.07 / 12:05
Provident Target Progressive Action Strategy stage country COP28 COP28, IEA forge path to 1.5C degree-aligned energy transition
New Delhi: The COP28 UAE Presidency and the International Energy Agency (IEA) convened the first in a series of high-level dialogues in the run-up to COP28 around building a 1.5°C-aligned energy transition. The initiative is being carried out in collaboration with the International Renewable Energy Agency (IRENA) and will be supported by the United Nations Framework Convention on Climate Change (UNFCCC). The dialogues are intended to build consensus on 1.5°C-compatible energy transition pathways and the enabling conditions needed to achieve them, as well as momentum around the target energy outcomes for COP28.
22.07 / 12:05
UPS Citi Provident Cooper Action Metro country week BRICS Urbanisation Forum to be held in South Africa next week
BRICS Urbanisation Forum that was inaugurated in New Delhi in February 2013 will have its first in-person follow-up in the South African city of Durban next week. During the two-day gathering that begins on July 26, the delegates from the five-nation BRICS bloc will discuss some of the key urban developmental issues to understand how globally cities are becoming more resilient towards these challenges.
22.07 / 10:39
Digital Cooper Progressive Interface show country social UN survey gives high score to India’s trade facilitation efforts: CBIC chief
New Delhi: A United Nations survey recognizes India's commitment to global trade facilitation, earning the nation an impressive 93.55% score in 2023, a marked rise from 90.32% in 2021, Central Board of Indirect Taxes and Customs (CBIC) chairperson Vivek Johri said in a weekly newsletter posted on the tax authority's website. The 2023 survey conducted by the UN Economic and Social Commission for Asia Pacific (UNESCAP) considered digital and sustainable trade facilitation across over 140 economies.
22.07 / 10:05
UPS Provident Progressive Enterprise country Scandal-plagued to record profits: PM Modi praises banking sector’s transformation
New Delhi: Prime Minister Narendra Modi on Saturday hit out at the previous regime under the United Progressive Alliance government, saying while it destroyed the banking sector with “scams" his dispensation has restored good financial health, with India now known for the sector’s strength. Addressing a Rozgar Mela after giving appointment letters to over 70,000 recruits virtually, PM Modi said a large number of them have been employed in the banking sector as he highlighted how it was “destroyed“ under the previous dispensation before his government took corrective measures. “Today, India is among the countries whose banking sector is considered to be the strongest," said he said while recalling the journey of the last nine years.
22.07 / 10:05
Provident Target Progressive Remark Parke country cover India plans to achieve 50% non-fossil installed capacity by 2030: PM Modi
New Delhi: In a significant move towards green energy growth and transition, India is set to achieve 50 percent non-fossil installed capacity by 2030, Prime Minister Narendra Modi said on Saturday. Virtually addressing the G20 energy ministers via meeting, PM Modi highlighted the importance of energy in shaping the future, sustainability, growth, and development of both individuals and nations. He expressed that despite different realities and pathways for energy transition, the ultimate goal of every country remains the same.
22.07 / 10:05
Digital Govt's mental health helpline Tele-Manas receives over 2 lakh calls since launch
New Delhi: The union health ministry said the Tele-Manas helpline under the National Tele Mental Health Programme has received over 200,000 calls since its launch in October 2022. The number of calls have doubled in just three months.
22.07 / 06:21
McDonald's Mobile Subway KFC country Drop Some Subway India outlets drop tomatoes citing poor quality amid price surge
Subway India outlets have stopped serving tomatoes in their salads and sandwiches due to quality problems, the latest move by a foreign brand as prices of the staple have soared nearly 400% to record highs in the country. A Subway outlet at a Delhi airport terminal announced the «Temporary Unavailability of TOMATOES» in a sign saying the restaurant could not get enough supply that passed its quality checks. «Hence for the time being we are forced to serve you products without tomatoes,» it said.
21.07 / 20:08
UPS Provident Cooper Citizens Progressive Southern country Sri Lankan president's visit to India signals growing economic and energy ties
Sri Lanka and India have signed a slew of energy, development and trade agreements, signaling the growing economic ties between the two neighboring countries
21.07 / 19:07
Citi Lowe's Target performer country star Low India’s per capita carbon emissions remain low amidst climate change concerns: R K Singh
New Delhi: India’s per capita carbon emissions have been hailed as significantly low amidst growing concerns over climate change, said Union minister for power and new & renewable Energy R. K. Singh.
21.07 / 19:07
Provident Highways Intuit country guidelines National Centre Centre unveils guidelines for road safety signages on expressways and national highways
New Delhi: In a major stride towards strengthening road safety measures, the ministry of road transport & highways (MoRTH) on Friday released comprehensive guidelines for signages on expressways and national highways. The move comes as part of the government’s commitment to enhancing road safety and ensuring a secure travel experience for drivers across the country.
21.07 / 19:07
UPS Citizens Platform electronic poker Top investors ask PM Modi to review online gaming tax
NEW DELHI : A group of 30 Indian and foreign investors, including marquee names such as Indian venture capital firms Kalaari Capital, Peak XV Partners (formerly Sequoia India and South-East Asia) and Lumikai, and US firms Tiger Global Management and Tribe Capital, on Friday wrote to Prime Minister Narendra Modi, seeking a meeting to elucidate the impact of the Goods and Services Tax (GST) Council’s recommendation to tax the online gaming sector at 28% of the gross revenue earned by companies in this sector. The letter claimed that the new recommended tax for the sector could lead to an increase of up to 1,100%, based on the present interpretation of the GST Council’s recommendation to tax real-money online gaming companies at 28% of the “full face value" of their earnings.

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