City New Delhi Financial News
21.07 / 09:33
Provident
Waters
country
Rozgar Mela: PM Modi to distribute over 70,000 appointment letters to new recruits 22 July
New Delhi: Prime Minister Narendra Modi will virtually distribute more than 70,000 appointment letters to newly-inducted recruits on 22 July, the prime minister’s office said on Friday. The Rozgar Mela will be held at 44 locations across the country.
21.07 / 09:29
Waters
Flood water from Mahatma Gandhi memorial at Rajghat completely pumped out, say officials
New Delhi: Mahatma Gandhi's memorial at Rajghat has been freed of waterlogging, a week after waters from the Yamuna river inundated the complex. Officials on Friday said, Delhi Lt Governor VK Saxena who was supervising the operation to drain flood water from the lawns and pathways of the memorial, visited Rajghat and took stock of the situation.
21.07 / 09:27
FIVE
Extreme
BAY
Rains in Maharashtra to start easing after Saturday, says IMD
New Delhi: Extremely heavy rainfall will likely continue in Maharashtra till Saturday and decrease thereafter, India Meteorological Department (IMD) said on Friday. Heavy-to-very heavy rains are expected in Mumbai, Konkan, Goa and Gujarat on Friday and Saturday.
21.07 / 08:40
Provident
FIVE
Maxim
CEO
Platform
social
Collective Artists Networks’ Big Bang Social launches new app
New Delhi: Big Bang Social, the creator marketplace owned by talent management agency Collective Artists Network, has announced the launch of a creator super-app, a platform that enables commerce, brand collaboration, upskilling and a peer-to-peer network for the creator community. “With a tech-first approach to the creator economy, our aim is to streamline India’s largely unorganized creator ecosystem, enabling monetization and revenue growth for creator businesses," Vijay Subramaniam, founder and group CEO of Collective Artists Network said in a statement.
21.07 / 08:23
FIVE
Aviat
Airlines
show
country
Drunkenness most “unacceptable” in-flight behaviour: YouGov survey
In another addition to the growing list of instances of unruly behaviour by passengers mid-air, a senior Air India official was slapped and abused by a passenger on a Sydney-New Delhi flight last week. From ‘pee-gate’ under the influence of alcohol, to physical abuse, incidents of unruly behaviour on Indian skies have evoked a sense of disgust and embarrassment among the masses. A recent YouGov survey shows that among all unacceptable in-flight behaviour, drunkenness tops the list for urban Indians.
21.07 / 08:04
COST
Provident
Target
FIVE
Booking
Apple
analyst
SBI Q1 results may surprise investors. BNP Paribas analyst Santanu Chakrabarti explains why
NEW DELHI: India’s largest lender State Bank of India (SBI) is expected to spring a surprise in the June quarter earnings mainly on account of non-interest income, says Santanu Chakrabarti, BFSI analyst at BNP Paribas India. “The corresponding quarter’s number was depressed by MTM losses as well as relatively lower disbursement velocity (fee driver) vis-à-vis the current one.
21.07 / 07:31
Citi
Waters
ICE
Delhi govt issues advisory on water-borne diseases
New Delhi: Cautioning that there is an increased risk of contracting water-borne diseases such as diarrhea, dysentery and cholera in the rainy season, the Delhi government has issued an advisory mentioning dos and don't. The city health department's advisory was published in several leading dailies on Friday.
21.07 / 07:31
Cooper
country
National
National Security Advisor Ajit Doval calls on Sri Lankan President Ranil Wickremesinghe
Ajit Doval called on Sri Lanka President Ranil Wickremesinghe in New Delhi on Friday. Wickremesinghe who arrived in New Delhi yesterday on a two-day visit was welcomed by Union Minister of State (MoS) for External Affairs, V Muraleedharan. Wickremesinghe will meet with Prime Minsiter Narendra Modi today at the Hyderabad House here.
21.07 / 03:29
UPS
Fighting
love
country
star
Govern and elections would take care of themselves: Eric Garcetti's advice to politicians
Eric Garcetti believes that the politicians need to focus on leadership and governance and the elections would take care of them. «I love elections, and maybe it's because I've been in many of them. But it's a moment where the people get to prove that they're in control, that it's not the top down, it's the bottom up in our countries; a moment to listen to candidates, hear what they're going to say, and make a decision based on what's in your own best interest,» US Ambassador to India Eric Garcetti told PTI in an interview.
21.07 / 00:57
Provident
MAIL
Digital
Aware
stage
electronic
Cybersecurity bill to clearly define contours of online safety, security
online safety and set down objective parameters and rules spelling out what constitutes cyber fraud, providing a contemporary legal framework to tackle 21st century crime hitherto handled by amended provisions of 19th century British-era laws. The proposed legislation, which could either act as a supplement or be part of the larger Digital India Bill, will also likely detail the penal provisions in cases of cyber breaches while specifying who is a cybercriminal under provisions of the new law, multiple sources aware of the development told ET.
20.07 / 21:33
Citi
Lowe's
Action
Restrict sale of pain relief drugs without doctor’s prescription amid rise in dengue cases: Delhi govt tellschemists
New Delhi: In view of emerging threat of vector borne diseases in the national Capital post Delhi floods situation, the city’s drug department has warned chemists or pharmacy shops to avoid sale of drugs like Aspirin, ibuprofen and diclofenac group of medicines without the prescription of registered medical practitioner. Medical experts believe that these set of drugs cause destruction of platelets in human blood. A person diagnosed with dengue infection usually suffers from low platelet count which becomes a fatal condition. These directions come in the backdrop of rainy season which tends to be the favorable condition for dengue, chikungunya and other vector borne disease. An advisory issued by KR Chawla, Delhi’s drug controller stated, “Retail chemists are therefore, advised not to indulge in the over-the-counter sale NSAIDs drugs like Aspirin, ibuprofen and diclofenac group of medicines with immediate effect till further directions.
20.07 / 19:53
COST
Provident
Target
NIFTY
Discover
Jio Financial’s discovered price exceeds estimates
NEW DELHI : The stock price of Jio Financial Services Ltd was discovered at ₹261.85 apiece at a special pre-opening session conducted on Thursday, exceeding analysts’ estimates of ₹125-250. The National Stock Exchange scheduled the special pre-open session between 9 and 10 am to determine the price for Jio Financial in the capital market segment. The move followed Reliance Industries Ltd’s (RIL) decision to spin off its financial services business, Reliance Strategic Investments Ltd, and change its name to Jio Financial Services.
20.07 / 19:53
UPS
Provident
FIVE
Manufacturing
Strategy
Pool
Micron
India, Japan sign MoU on semiconductor development
New Delhi: India and Japan signed a memorandum of understanding (MoU) on semiconductor development, which will include design, manufacturing, equipment research and talent development. Union Minister Ashwini Vaishnaw said that the agreement as a substantial step to create a resilient complete value chain. "The MoU is on five fronts, viz. semiconductor design, manufacturing, equipment research, talent development, and bringing resilience to the semiconductor supply chain," said Vaishnaw.
20.07 / 19:33
Provident
Digital
Booking
Strategy
Deloitte
show
cover
Financial
Deloitte report raised concerns about Byju’s financial controls
NEW DELHI : Byju’s former statutory auditor Deloitte, in a regulatory filing in June, signalled concerns about alleged weaknesses in internal financial controls within Think & Learn Pvt. Ltd, the company that runs the tutoring service, official documents filed with the registrar of companies (RoC) showed. The digitally signed report from the auditor has only one attachment—the resignation letter shared with the board, and no further reference to any lapses in the company, showed the document accessed by Mint from the government’s website for statutory filings of companies.
20.07 / 19:33
Provident
show
cover
social
electronic
1.63 million members added to EPFO in May
New Delhi: New formal sector workers added under the Employees’ Provident Fund Organisation (EPFO) fell to about 1.63 million in May, down from 1.72 million recorded during the previous months, according to the latest payroll data released by the government. About 1.68 million new workers were added to the formal sector during May 2022. "The data indicates that around 8.83 lakh new members enrolled during May, 2023 are highest during the last six months. Among the newly joined members, the age-group of 18-25 years constitutes 56.42% of total new members added during the month," said a statement from the Ministry of Labour and Employment. "Around 11.41 lakh members exited but rejoined EPFO who may have switched their jobs and re-joined the establishments covered under EPFO and opted to transfer their accumulations instead of applying for final settlement thus extending their social security protection," it added.
20.07 / 19:33
COST
UPS
FIVE
AXY
Platform
Infosys cuts FY24 forecast, misses Q1 profit estimates
NEW DELHI : Infosys Ltd on Thursday reported its weakest June quarter revenue growth since FY21 and slashed its annual sales forecast for the current fiscal year. The Bengaluru-based tech bellwether said that in constant currency terms, which does not account for currency fluctuations, revenue rose 1% from the preceding quarter and 4.2% from the year earlier to touch ₹37,933 crore. Net profit rose 10.9% from a year earlier to ₹5,945 crore, while operating margin came in at 20.8%, in line with its guidance of 20-22% for the fiscal.
20.07 / 18:39
Airlines
SPY
country
Economy, China on India-Lanka agenda
New Delhi: India and Sri Lanka are expected to discuss economic connectivity and China during the visit of president Ranil Wickremesinghe starting on Friday. This is the Sri Lankan president’s first visit to India since taking office after his predecessor Gotabaya Rajapaksa was swept from power amid mass protests in 2022. Wickremesinghe’s visit comes even as his country continues to grapple with a protracted economic crisis with inflation soaring at 25.2%.
20.07 / 18:39
UPS
Lowe's
Platform
stage
country
Netflix brings password sharing curbs to India
New Delhi: Streaming platform Netflix has finally decided to introduce curbs on password sharing in India, a move aimed at building scale as well as ringing in revenue growth, said media experts. However, this could result in significant decline in subscriber numbers, they added. On Thursday, the company said it would start sending out emails to subscribers sharing the service with people outside the household in India.
20.07 / 18:39
UPS
Target
awards
Highways
show
stage
Road building remains an uphill task
New Delhi: India’s pace of road building slowed in the June quarter, road ministry data showed, at a time the government is looking to raise the annual construction target ahead of a series of elections this year and next. According to the data, only 16% or about 2,250 km of the annual target of 14,000 km was built in the first quarter, which typically sees a pickup in construction continuing from increased pace in the March quarter. Road construction stood at 523 km in April and jumped to 1465 km in May, before slumping to 263 km in June.
20.07 / 18:39
UPS
Provident
Aware
Action
stage
country
Solar
India may build solar infra in Pacific island nations amid Chinese push
New Delhi: India is considering expanding its solar STAR-C initiative, run by the International Solar Alliance, to a number of Pacific Island countries, according to persons aware of the matter. The programme aims to boost solar power ecosystems in the poorest countries. In the Pacific, it currently runs in Tonga.
20.07 / 17:03
COST
Provident
Target
Immunic
Govt plans sickle cell anaemia vax with pvt cos
NEW DELHI : The Central government and pharma companies are discussing the possibility of developing a vaccine against sickle cell anaemia. The matter was discussed in a recent meeting of the National Technical Advisory Group on Immunization. As apart of the government’s National Sickle Cell Anaemia Elimination Mission launched by Prime Minister Narendra Modi earlier this month, the government is also upgrading the healthcare facilities to providing tertiary care to sickle cell patients.
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