City New Delhi Financial News

10.07 / 08:01

UPS Provident Aware Platform NMC Colleges In a first, NMC to rate India’s medical colleges

NEW DELHI : For the first time, Indian medical colleges will get government ratings based on the quality of education they are offering to the students. To initiate this, the country’s apex medical education regulator— the National Medical Commission—has tied up with Quality Council of India (QCI) and will start the rating assessment from the next session.

10.07 / 08:01

UPS Mobile Bank holidays in July 2023: Only one working Saturday left in July

Banks are also closed on Sundays and second, and fourth Saturday’s in the country. So, in the month of July as one of the major festival falls on the fifth Saturday, i.e., July 29 and banks will be closed on fourth Saturday that is on July 22.

10.07 / 06:53

UPS Provident Digital CEO Platform Aha Video announces new business reality show

New Delhi: Aha Video, primarily known for Telugu language content, has announced a business reality show called Nenu Super Woman. Hosted by Sreeram Chandra, the show will provide a platform to aspiring women entrepreneurs to pitch their ideas to a panel of successful business leaders. Entrepreneurs participating in the show include Rohit Chennamaneni (co-founder of Darwinbox), Sridhar Gadhi (founder and executive chairman of Quantela Inc), Renuka Bodla (venture partner of Silverneedle Ventures), Sudhakar Reddy (founder and CEO of Abhi Bus), Dodla Deepa Reddy (Dodla Dairy), and Sindhura Ponguru (Narayana Group).

10.07 / 06:15

Citi Northern Railway trains cancelled due to heavy rainfall today. Know details

Heavy rainfall brought common operations to a standstill in states like Himachal Pradesh, Uttarakhand, Punjab, Haryana, etc. Owing to severe water-logging, flood like situations and landslides, twenty trains were cancelled in the region, said Northern Railway. Till now, more than 20 people lost their lives due to torrential rain in northern part of India, that lead to landslides, flash floods in Uttarakhand, Himachal Pradesh, Jammu and Kashmir, etc.

10.07 / 02:03

UPS Manufacturing CEO Strategy Software Harley-Davidson Harley-Davidson may make in India to sell globally, says CEO Jochen Zeitz

Harley-Davidson, which last week began its second innings in India by launching its most affordable bike to date in partnership with Hero MotoCorp, might use the facilities here to sell in other global markets, its CEO Jochen Zeitz told ET. Zeitz, on his first visit to India after taking over as Harley-Davidson CEO, said the company's immediate priority, however, is to strengthen local sales with the HD X440, the bike Harley co-created with Hero. «We were manufacturing our 750cc also for the international market (here), so I am not ruling that out,» Zeitz said, referring to India's export potential for the company.

09.07 / 20:11

FIVE VISA reports Indian Europe rejected more than 1 lac Indian visa request last year: Reports

According to Schengen Statistics, Algerian nationals were refused Schengen visa applications the most in 2022, with a total of 179,409 visas not being issued with the total rate of not issued uniform visas reaching 45.8 per cent. The list of top ten countries with the highest Schengen visa rejection rates for 2022 also included countries like Turkey, Morocco and Russia, which had 120,876, 119,346 and 68,753 visa applications rejected, respectively.

09.07 / 18:53

COST UPS Enterprise ‘Business confidence improved in June qtr’

New Delhi: Business confidence has improved sequentially in April-June, reaffirming the positive trends in economic activity like goods and services tax (GST) collections, as well as air and rail passenger traffic, according to the Confederation of Indian Industry. CII’s business outlook survey indicates an increasing number of businesses are optimistic about prospects of fresh private investments.

09.07 / 18:53

COST Provident Compilation Strategy NIFTY Indian Indian firms’ Q1 earnings growth likely at 7-qtr high

NEW DELHI : Indian companies are expected to deliver their strongest earnings growth in seven quarters, as declining input costs bolster profitability. While banks and automobile sectors are seen to be leading drivers of overall profits in the June quarter, several more sectors are expected to contribute to the earnings momentum. “Softer commodity and fuel prices could lead to an expansion of margins for fast-moving consumer goods (FMCG), auto, and allied sectors," said Deepak Jasani, head of retail research at HDFC Securities Ltd.

09.07 / 18:53

COST UPS Provident Aviat Airlines Airlines seek tech to curb emissions: Sita

New Delhi: Indian airlines are in discussions with aviation technology service provider Sita to adopt solutions for reducing carbon emissions and increasing fuel efficiency, said Sumesh Patel, president of Asia Pacific, Sita, in an interview. “We are in discussions with Indian airlines to look at various solutions, which can help them in operational efficiency and reduce carbon footprint.

09.07 / 18:53

Aware Action Gap Enterprise Financial ‘ICAI to soon finish financial statement review of 101 firms’

NEW DELHI : The Institute of Chartered Accountants of India (ICAI), which selected the financial statements of 101 companies for review in the 12 months to February 2023, will complete the process in a few months, said the chief of the accounting rule maker and audit self-regulator. The exercise will serve as a test of the robustness of statutory auditing at companies.

09.07 / 18:53

UPS Lowe's Manufacturing Strategy India fails to draw China+1 FDI flows

NEW DELHI : India’s manufacturing sector has failed to capitalize on multinational companies’ efforts to diversify supply chains away from China, foreign direct investment (FDI) data shows, even as manufacturing continues to shrink at the northern neighbour. Expectations of higher inflows into Indian manufacturing had taken root as China’s purchasing managers’ index (PMI) for manufacturing contracted in seven of the last 12 months, as Beijing struggles to reopen its economy after exiting its controversial zero-covid policy early this year. India’s PMI for manufacturing did not contract in the past year, but against expectations, FDI inflows fell 22% to $46.03 billion in FY23 amid high inflation and recessionary trends in developed economies.

09.07 / 18:35

Target Action BAY Khalistan Indian Threat 11 Indian Missions were on high alert due to Khalistan threat

Khalistani elements on Saturday. While no untoward incident took place as the countries responded with a show of strength and kept mobs at bay, India is looking for such strong security measures as a matter of norm to deal with future threats as well.

09.07 / 18:35

UPS Advance cargo info system in works

New Delhi: India is working on an advance cargo information system on the lines of the advance passenger information system put in place by the US after 9/11 that will allow immediate customs clearance of imports with scrutiny limited to a risk-based assessment of shipments. Such a system would allow customs authorities to know beforehand the contents and arrival time of cargo. The information can then be used to pre-clear the consignments or keep them for further checks based on the contents and the information thrown up by the risk-assessment system.

09.07 / 17:05

COST UPS Citi FIVE Platform Strategy ICE Can M&M retain its SUV edge in the EV era?

NEW DELHI : Aadya Ahuja, a 27-year-old counselling psychologist based in Delhi, loves the thunderous rumble of diesel engines. She inherits her fascination for tall, butch Mahindra SUVs from her father. In fact, she learnt to drive on her father’s diesel-powered Scorpio, a rather unusual choice for a young person in a city getting behind the wheel for the first time.

09.07 / 16:19

UPS Provident Lowe's FIVE Gap ‘Coal gasification business to get VGF scheme in 3 months’

NEW DELHI : The Centre is likely to roll out the much-anticipated viability gap funding (VGF) scheme for coal gasification in the next two to three months, said the union minister for parliamentary affairs, coal and mines Pralhad Joshi. In an interview, the minister said the proposal for VGF support worth ₹6,000 crore has been approved by the expenditure finance committee (ECF). “In principle, finance ministry has allocated around ₹6,000 crore.

09.07 / 16:19

Provident Manufacturing Govt taps hospitals on medical devices

New Delhi: The Central government is considering a proposal on whether the bigger hospitals like AII India Institute of Medical Sciences (AIIMS), Post Graduate Institute of Medical, Education & Research (PGIMER) Chandigarh, Medanta and Directorate General of Armed Forces Medical Services Armed Forces Hospitals (DGFAMS) should be allowed to procure or import medical devices directly from the manufacturers. Currently, some of the hospitals are importing medical devices from original equipment manufacturers.

09.07 / 16:19

COST UPS Citi Lowe's FIVE June retail inflation likely inched up to 4.6%: Mint poll

NEW DELHI : India’s retail inflation is likely to have inched up to 4.6% in June from a 25-month low of 4.25% in the previous month on account of higher food inflation driven by vegetable, pulses and cereal prices, showed a Mint poll of 19 economists. The poll predicts consumer price inflation (CPI) in a range of 4.1-4.8%, with all but two economists expecting inflation to rise. Official data is scheduled to be released on 12 July.

09.07 / 16:19

Progressive Deal Goyal heads for UK amid convergence in trade deal

NEW DELHI : Commerce minister Piyush Goyal is set to visit the UK on Monday as the two countries move closer to signing a free trade agreement. The visit follows convergence on several contentious issues such as market access for British automobiles and Scotch whisky.

09.07 / 15:03

Citi Twitter FIVE Waters Extreme Platform Delhi breaks 41-year rainfall record, several areas waterlogged, more showers likely for next 2 days

Delhi, on Saturday and Sunday, received heavy rainfall breaking a 41-year record. Delhi recorded 153 mm of rain in 24 hours ending 8.30 am on Sunday, the highest in a single day in July since 1982, the IMD has said. According to India Meteorological Department, New Delhi's Safdarjung recorded the third highest 24-hour rainfall (for the month of July) on 8th-09th July, 2023, since 1958.

09.07 / 14:53

UPS Provident FIVE Progressive Assurant Power Norms of captive power generation amended to allow more flexibility

New Delhi: In a bid to boost captive power generation and streamline the norms, the union ministry of power has amended the regulations saying that a captive power user, must hold a minimum of 26% stake in the captive generating plant. According to the new norms, each captive power user, even in a group captive structure has to hold 26% ownership in the captive generating plant.

09.07 / 11:31

Lowe's MET Cooper Progressive Action Assurant Rocky Yellen sees 'progress' in rocky US-China ties, expects more communication

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