City New Delhi Financial News
09.07 / 09:35
Action
Sri Lankan President Ranil Wickremesinghe to visit India on July 21
Wickremesinghe will embark on a two-day visit to India on July 21 during which he is expected to meet Prime Minister Narendra Modi, officials here said on Sunday. This will be Wickremesinghe's first visit to India since being appointed President of the cash-strapped country last year following the ouster of Gotabhaya Rajapaksa in a people's uprising in July.
09.07 / 06:25
CEO
Mobile
'Be like a potato': Sebi chief Madhabi Puri Buch's advice to IIM Ahmedabad students
Madhabi Puri Buch, chairperson of capital market regulator Sebit told the incoming students of IIM Ahmedabad at a recent event. Madhabi Puri Buch, an IIM Ahmedabad alunmus, took charge as chairperson, Securities and Exchange Board of India, last year. She had earlier served as whole time member of the market regulator and had handled Market Regulation Department, Market Intermediaries Regulation & Supervision Department, Integrated Surveillance Department, Investment Management Department, Department of Economic & Policy Analysis, Office of Investor Assistance & Education, National Institute of Securities Markets and Information Technology Department.
09.07 / 06:15
Citi
Waters
BEAS
Yellow
Orange
Monsoon Fury: Flash floods with heavy rainfall ravage Himachal Pradesh, Delhi; IMD predicts spell of rain
Monsoon Rain: Heavy rain persisted in various parts of the national capital and its neighbouring areas on early Sunday morning, as per the India Meteorological Department (IMD).The IMD further forecasted high-intensity showers to continue over New Delhi for the next two days. According to a tweet by the IMD, thunderstorms accompanied by light to moderate rain are expected in isolated places of Delhi and its adjoining areas.
09.07 / 02:55
Deal
Navy zeroes in on naval Rafale; jet deal likely during PM Modi's France visit
NEW DELHI: The government is likely to sign a deal for the purchase of naval version of Rafale fighter jets from France, for which the final decision is likely in the defence acquisition council meeting before PM Narendra Modi leaves for France next week. The PM will be in France on July 13-14 during which he will be the Guest of Honour at the Bastille Day Parade. The multi-billion dollar deal for 24-30 Rafale-Marine jets is likely to be announced during his two-day visit. Sources said that the Indian Navy has expressed
09.07 / 01:57
UPS
Citi
Target
Indian
Pro-Khalistani protests outside Indian High Commission target Indian diplomats in UK
pro-Khalistani protestors during a demonstration outside the Indian High Commission on Saturday, according to ANI reports. However, the United Kingdom saw a significantly subdued protest outside the Indian High Commission in London on Saturday, with only 30-40 pro-Khalistanis showing up between 12.30 pm and 2.30 pm GMT yesterday.
08.07 / 16:07
UPS
Citi
Progressive
Manufacturing
Action
Southern
Railway Minister inspects production of state-of-the-art Vande Bharat trains at ICF in Chennai
Ashwini Vaishnaw on Saturday visited the Integral Coach Factory and inspected the manufacturing of Vande Bharat trains at the facility here. On a brief visit to the city, Vaishnaw, accompanied by senior officials of the ICF, took stock of the production of the latest new-generation high-speed trains and went around the sprawling campus.
08.07 / 15:23
DAL
Rajya Sabha MP Sushmita Dev to go on hunger strike against EC's Delimitation draft on Monday
Election Commission of India's Delimitation draft in Silchar on Monday. The 10-hours-long hunger strike will start at 9am on Monday and the TMC leader will be accompanied by her party members. Dev said that they want the chief minister of Assam Himanta Biswa Sarma to listen to the people Barak Valley and write to the ECI about it.
08.07 / 11:09
08.07 / 10:57
Platform
boost
ODOP retailers join forces with Groyyo to boost sales and expand reach
NEW DELHI: Retailers participating in the One District One Product (ODOP) programme have been integrated into Groyyo’s e-commerce platform, according to the Ministry of Commerce & Industry. Groyyo, a prominent player in the online marketplace, has collaborated with ODOP, an initiative by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce & Industry. The aim of this collaboration is to create a platform for aggregators who sell ODOP-identified products.
08.07 / 10:57
UPS
Provident
Target
Career
Manufacturing
Merit
AIM
India’s bio-economy soars to $100 bn, aim $150 bn by 2025: Jitendra Singh
New Delhi: Union minister Jitendra Singh on Saturday said India’s bioeconomy jumped from $8 billion in 2014 to $100 billion and the country now targets $150 billion by 2025, Addressing a discussion meeting in New Delhi focused on fostering the Biomanufacturing Initiative of the Department of Biotechnology (DBT), the minister said “India’s bioeconomy was just about $8 billion in 2014 and now under Prime Minister Narendra Modi we have at least awakened to the merits of biotechnology and bioeconomy. It has grown up to $100 billion, now we are targeting $150 billion by 2025.
08.07 / 09:45
'You saved us', prevented 'bloodbath', says Sri Lanka's Speaker Mahinda Yapa Abeywardena
ALSO READ: India may permit Sri Lanka to repay debt over 12 years Abeywardena, while addressing the gala dinner reception hosted for delegates of the Indian Travel Congress on 7 July, said that India 'saved us' during the financial crisis, otherwise, there would have been 'another bloodbath for all of us'. He thanked India for the help extended to the cash-strapped nation and recalled the civilizational ties and similarities between the two countries and their cultures.
08.07 / 09:25
Remark
Financial
'You saved us' and prevented 'bloodbath', says Sri Lanka's Speaker Abeywardena; thanks India for help during financial crisis
India for saving Sri Lanka and preventing a "bloodbath" during its unprecedented economic crisis last year, Parliament Speaker Mahinda Yapa Abeywardena has said that not a single nation has extended that kind of assistance to Colombo as done by New Delhi. Sri Lanka was hit by a catastrophic financial crisis in 2022, the worst since its independence from Britain in 1948, due to a severe paucity of foreign exchange reserves.
07.07 / 20:59
Lowe's
Mercury
Power
Power generation increases 2% in June amid growing demand
New Delhi: Power generation in India rose 2.21% in June as demand scaled new highs during the month marked by soaring temperatures. Data from the Central Electricity Authority (CEA) showed power generation rose to 127.16 billion units or 127167.28 Gigawatt hour (Gwh) last month from 124.42 billion units a year earlier. Thermal power generation rose 3.39% to 109.20 billion units while hydro power generation increased 1.35% to 14.13 billion units.
07.07 / 20:59
Provident
Progressive
Manufacturing
Remark
India surpasses global averages of plastic recycling rate: Piyush Goyal
New Delhi: Commerce & industry minister Piyush Goyal on Friday highlighted India’s impressive recycling achievements, stating that the country’s plastic recycling average of 13% surpasses the global average of 9% and even outperforms some developed economies with only 4%. The minister made these remarks while addressing a gathering during a technology conference for the growth of the plastic industry. Goyal emphasized the importance of recycling and its positive impact on the environment.
07.07 / 20:59
Booking
Remark
Tata Motors' JLR free cash flow seen at £400 million in Q1FY24
New Delhi: Jaguar Land Rover (JLR), Tata Motors' luxury auto arm on Friday said it expects to report free cash flow for the April - June quarter to cross £400 million, the company said in a press release. To be sure, JLR had shared guidance that it expects to generate £2 billion for the fiscal. The Coventry-based maker of luxury SUVs like Range Rover, Discovery and Discovery said sales during the first quarter of the financial year 2024 improved significantly on the back of a continuous improvement in chip and other supply constraints.
07.07 / 20:59
COST
Provident
Lowe's
Manufacturing
Platform
India has the potential to be a green hydrogen exporter: Jitendra Singh
New Delhi: Union minister Jitendra Singh on Friday said that India has the potential to become a green hydrogen exporter. Speaking at the International Conference on Green Hydrogen 2023, Singh highlighted the launch of the National Green Hydrogen Mission, which reflects India’s determination to address the challenges of decarbonization on its path to achieving Net Zero emissions by 2070. Jitendra Singh emphasized India’s strong position as a global leader in Green Hydrogen production.
07.07 / 20:59
Digital
Cooper
Interface
India rises in digital and sustainable trade facilitation rankings, scores 100% on transparency: Fin Min
New Delhi: India’s score has jumped to 93.55% in 2023 from 90.32% in 2021 in the United Nation’s Economic and Social Commission for Asia Pacific’s (UNESCAP) latest global survey on digital and sustainable trade facilitation. “The 2023 survey, covering more than 140 economies and evaluating 60 trade facilitation measures, has positioned India at the forefront of global trade facilitation efforts, with an impressive score of 93.55% in 2023 vis a vis 90.32% in 2021," the ministry of finance said in a statement.
07.07 / 20:59
Provident
Telegram
consultation
India begins consultation process for regulating OTTs
New Delhi: India’s telecom regulator has started the process of consultation for regulating over-the-top or OTT services such as Whatsapp, Signal, Telegram and others, where it has sought stakeholder views on selective banning of some services. The Telecom Regulatory Authority of India has asked stakeholders technical challenges in selective banning of specific OTT services and websites in specific regions of the country for a specific period, further, which classes of OTT services should be covered under selective banning and provisions and mechanism for such a regulatory framework.
07.07 / 20:59
COST
Citi
Provident
PM Modi flags off two Vande Bharat trains
New Delhi: Prime Minister Narendra Modi on Friday flagged off the Gorakhpur-Lucknow and the Jodhpur-Ahmedabad (Sabarmati) Vande Bharat Express trains, the ministry of railways said in a statement. “Heralding a new era of comfortable and enhanced rail travel experience, two new Vande Bharat Express trains are running between Gorakhpur-Lucknow via Ayodhya and Jodhpur- Ahmedabad (Sabarmati)," the ministry said. These Vande Bharat trains flagged off today will improve connectivity among the state capitals and other cities, reduce the travelling time & enhance the comfort of journey.
07.07 / 20:59
Provident
Target
CEO
Platform
Mobile
India aims to produce 5 million tonne green hydrogen by 2030, 70% for exports: MNRE secretary
New Delhi: India has set an ambitious target to produce 5 million metric tonne of green hydrogen by 2030, with 70% allocated for exports and the remaining 30% for domestic consumption, said Bhupinder Singh Bhalla, Secretary, ministry of new and renewable energy. The announcement was made during a press conference held alongside the International Conference on Green Hydrogen (ICGH-2023) to discuss India’s commitment to the development and deployment of green hydrogen.
07.07 / 20:59
UPS
CBI
CBI arrests three in Balasore triple train crash
New Delhi: The Central Bureau of Investigation (CBI), on Friday, arrested three people in connection with the Balasore train accident in Odisha that left around 300 people dead and injured more than 1,000. The investigation agency arrested the then SSE (Senior Section engineer) Arun Kumar, Section engineer Mohammad Amir Khan and technician Pappu Kumar under Sections 304 and 201 of the Indian Penal Code (IPC) and Section 153 of Railways Act, 1989, CBI said in a statement. The accident took place when a passenger train hit a stationary freight train, jumped off the tracks and hit another passenger train coming from the opposite direction.
latest developments in city New Delhi
What is the current situation in city New Delhi?
In city New Delhi, the spotlight is on socially significant developments that spark public discussion.
Where can I find reliable news about city New Delhi?
We publish in-depth coverage about the situation in city New Delhi, based on information from regional journalists.
What shapes the media agenda in city New Delhi?
The news landscape of city New Delhi is shaped by major cultural and social events, reflecting its local way of life.
