City New Delhi Financial News

13.07 / 17:31

Citi BLOCK Gap India looks to resume operations at stalled hydrocarbon block in Iraq

NEW DELHI : At a time when Iraq has emerged as a major supplier of crude oil to India, the Centre is looking at resuming operations of state-run ONGC Videsh Ltd’s (OVL) hydrocarbon exploration block in Iraq, which has been under force majeure since 2003, said two people with knowledge of the development. One of the persons said Indian energy companies may look at investing in oil and gas assets in the West Asian country. “Several aspects would be considered for resumption of operations at the stalled project and investments, including the security situation.

13.07 / 17:31

Lowe's Oil prices NOT Falling oil prices may not ease inflation

NEW DELHI : Falling crude oil prices, on the back of concerns over a global slowdown and recession, are unlikely to bring down domestic inflation sharply, as the benefits of the drop are yet to be passed on to retail customers, said economists. Crude prices have fallen 24.41% in the last 12 months. However, retail prices of petrol and diesel have remained unchanged since May 2022.

13.07 / 14:07

FIVE BLOCK Waters Record monsoon rains have killed more than 100 people in northern India over two weeks

Officials say that record monsoon rains have killed more than 100 people in northern India over two weeks

13.07 / 13:39

Target Progressive Aware Remark end India poised to end AIDS epidemic, says UNAIDS country director

New Delhi: David Bridger, UNAIDS country director for India, on Thursday expressed confidence that India has the potential to achieve the end of the AIDS epidemic as a public health threat. He emphasized the need to capitalize on the progress made thus far, saying that India has the opportunity to eradicate AIDS if efforts are sustained. Bridger’s remarks come in response to a new report released by UNAIDS titled ‘The Path that Ends AIDS’, which underscores the political and financial choices involved in ending AIDS and highlights the remarkable achievements of countries and leaders who have pursued this path.

13.07 / 12:53

UPS Provident Lowe's Manufacturing India’s renewable energy sector likely to add 45 GW by 2025: Report

New Delhi: India’s renewable energy sector is poised for a major expansion, with projections suggesting an increase of around 45 gigawatts (GW) by the fiscal year 2025, according to a report from CareEdge Ratings. This boom in capacity is attributed to a substantial project pipeline and an attractive bidding roadmap luring developers into the space. CareEdge anticipates annual additions to the renewable energy capacity to oscillate between 20 and 25 GW over the upcoming two fiscal years, driven by a robust pipeline of over 55 GW assets in development.

13.07 / 12:21

UPS Waves Lowe's Target Waters Extreme El Nino is threatening rice crops while grain supplies already are squeezed by the war in Ukraine

Experts are warning that rice production across South and Southeast Asia is likely to suffer with the world heading into an El Nino

13.07 / 12:21

BLOCK Waters week Record monsoon rains have killed more than 100 people in northern India this week

Officials say that record monsoon rains have killed more than 100 people in northern India this week

13.07 / 10:51

Immunic reports India reports 48 new covid cases

New Delhi: India has logged 48 fresh covid-19 cases in the last 24 hours, continuing its steady decline of infections observed in recent months, according to data from the health ministry released on Thursday. Active cases fell from 1,413 to 1,407, bringing the total tally of recorded infections to over 450 million. The nation’s battle against the pandemic, which began in early 2020, has resulted in approximately 531,913 fatalities over the past three and a half years.

13.07 / 10:11

Career RAI cricket Dharma Productions’ new cricket film to add to Bollywood’s sports dramas

New Delhi: Karan Johar’s Dharma Productions has said that its new film, Mr and Mrs Mahi, starring Rajkummar Rao and Janhvi Kapoor, will release on 15 March 2024. The cricket-based film has been directed by Sharan Sharma, known for Gunjan Saxena- The Kargil Girl, and will add to Bollywood’s growing list of sports dramas. To be sure, Indian cinema’s love for sports films is evident in the number of titles released over the past few months as well as those slated for the coming weeks.

13.07 / 10:11

Massive fire at Greater Noida's Galaxy Plaza, people seen jumping off building: Watch

ALSO READ: Watch: Students in Delhi escape from fire at coaching centre by sliding down using wires Earlier on 15 June, similar incident was seen in New Delhi's Mukherjee Nagar where students at a coaching center rappelled down the building. As per visuals, students were seen sliding down using wires with bags on their backs, and the smoke coming out of the top floor of the building.

13.07 / 10:11

Booking Aware CEO Defence ministry, FSSAI to promote use of millets, healthy eating habits among armed forces

New Delhi: The defence ministry and the Food Safety and Standards Authority of India (FSSAI) signed a Memorandum of Understanding (MoU) on Thursday to promote healthy eating practices and ensure availability of safe and nutritious food for the armed forces. “It aims to create awareness about the nutritional benefits of diet diversity and millet-based food products among the personnel.

13.07 / 08:01

COMPOSITE Want to pay lower GST? Don’t buy popcorn with movie ticket

NEW DELHI: Next time you plan to go to a theatre, make sure you don’t go for any combo package that offers food and beverages along with the movie ticket. While the GST Council has decided to lower the levy on food and beverages sold at theatres to 5% from 18%, the benefit will only accrue if the two are paid for separately. “When bought together, it is treated as a compos

13.07 / 07:27

Reuters Cooper Landmark Mobile Bastille Day 2023: India to acquire 26 Rafale jets as PM Modi visits France

Mazagon Dock Shipbuilders with France's Naval Group, a source familiar with the matter told Reuters on Thursday. This comes at a time when Prime Minister Narendra Modi is on a two-day visit to France.

12.07 / 21:19

Provident Cooper India-US launch call for proposals on critical and emerging technology

New Delhi: India and the United States on Wednesday jointly launched a call for collaborative proposals on “Critical and Emerging Technology: Quantum Technologies and Artificial Intelligence for Transforming Lives", the ministry of science & technology said in a statement. The Indo-US Science and Technology Forum (IUSSTF) and the Secretariat for USISTEF have designed the program, which aims to foster technology innovation and entrepreneurship in commercially viable and socially relevant areas.

12.07 / 21:19

Provident Mobile Highways Fortum Charge rebrands to GLIDA

New Delhi: EV charging infrastructure operator Fortum Charge & Drive India on Wednesday announced its rebranding to ‘GLIDA’. A company statement said that with a renewed vision and a strengthened commitment to sustainable mobility, GLIDA is poised to shape the future of e-mobility through cutting-edge charging infrastructure and innovative solutions. Sanjay Agarwal, President, Fortum India, said: “Our vision at Fortum has always been to build a carbon neutral planet, where sustainable energy and environmental consciousness go hand in hand.

12.07 / 19:55

UPS Citi Digital Progressive Coherent International G20 ministers to discuss crypto-regulation, international tax, development bank finances

New Delhi: G20 finance ministers and central bank governors will be presented a global framework for regulation and supervision of crypto assets as part of policy dialogue that will take place in Gujarat later this month, department of economic affairs secretary Ajay Seth said. In a recorded video message shared by the finance ministry, Seth said that the G20 finance and central bank governors will also be presented the first volume of the report of an independent committee set up by the G20 to strengthen multilateral development institutions.

12.07 / 19:15

Aviat Manufacturing Airlines Parke Delhi HC rejects Go First plea, lessors free to inspect planes

New Delhi: The division bench of the Delhi High Court has rejected the appeal by Go First, seeking a stay on the interim order by a single judge bench on 5 July. The interim order had allowed its lessors to inspect its 30 parked aircraft. Besides, the bench comprising Chief Justice Satish Chandra Sharma and Justice Sajeev Narula, granted the Directorate General of Civil Aviation 15 days to give approvals for the airline to resume operations.

12.07 / 19:15

UPS FIVE Progressive Manufacturing Airlines Boeing Indian Indian airlines to face capacity shortage in peak travel season

New Delhi: Indian airlines face a potential capacity shortage during the peak December quarter travel season, as aircraft induction plans of major carriers are progressing at a sluggish pace, according to data from aircraft tracking site Flightradar24 . Since the suspension of low-cost carrier Go First, domestic airlines’ fleet size has risen by just 0.9% to around 680. Only three major scheduled carriers, including market leader IndiGo, Tata Group’s Air India and startup carrier Akasa Air have added airplanes to their fleet since May.

12.07 / 19:15

UPS Provident Digital Manufacturing Mobile Remark Telecom manufacturing at ₹18,000 cr, should be scaled up 10x: Vaishnaw

New Delhi: Telecom and information technology minister Ashwini Vaishnaw called on the telecom industry to scale up telecom manufacturing efforts tenfold from existing level of ₹18000 crore, with policy support from the government under the production linked incentive or PLI scheme. " ₹18000 crore telecom manufacturing has already happened under the PLI scheme. Time to scale up to 4x, 5x, 10x and you're getting policy support from the government.

12.07 / 19:15

Manufacturing CVS PVs sole auto biz to beat pre-covid sales

NEW DELHI : Production levels for all automotive segments except passenger vehicles (PVs) remained below their pre-pandemic record in the June quarter, according to data released by the Society of Indian Automobile Manufacturers (Siam) on Wednesday. Wholesale dispatches of PVs, two-wheelers and three-wheelers rose 9.4%, 11.2% and 89%, respectively, in the June quarter.

12.07 / 19:15

UPS Aware Manufacturing Imports of UK bulk whisky may attract tariff concessions

NEW DELHI : India is considering offering higher tariff concessions for bulk whisky imports compared to bottled whisky as part of the ongoing India-UK free-trade agreement (FTA) negotiations. The approach aims to encourage the import of intermediate products and address a contentious issue in the trade discussions. The Indian government contends that bulk whisky imports can generate employment by setting up bottling plants in the country, as against finished products.

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