City New Delhi Financial News

07.07 / 06:43

COST Digital Extreme Platform Time Bigg Boss OTT records 4 billion minutes of watch time in 15 days

New Delhi: JioCinema, the video streaming platform owned by Mukesh Ambani’s Reliance Industries Ltd, has recorded 4 billion minutes of watch time across 35 million viewers for reality show Bigg Boss OTT in the first 15 days. Over 150 million votes have been registered in the first two weeks, the company said in a statement.

07.07 / 06:43

Disney Platform Metro Disney+ Hotstar announces new show with Kajol ‘The Trial’

New Delhi: Disney+ Hotstar, the video streaming platform owned by the Walt Disney Co, has announced that its new show, The Trial starring Kajol, will stream on 14 July. Over-the-top streaming platforms are increasingly relying on the innate urge of Bollywood A-listers to find an audience and reach out to the masses, to expand their subscriber base, said media experts.

07.07 / 02:05

Citi Provident FIVE Progressive Manufacturing India's 25 Vande Bharat Express trains on diverse routes. Here's what you need to know

Vande Bharat Express is an indigenously manufactured, semi-high-speed, self-propelled train set. The train has state-of-the-art passenger amenities, providing passengers with a faster, more comfortable, and more convenient travel experience. It was first known as Train 18 and was manufactured at the Integral Coach Factory(ICF) in Chennai.

06.07 / 18:43

COST UPS Citi Waters Continental What making the rupee globally acceptable will require on India's part

RBI, which is supposed to have the last word on rupee? The letter made no difference. Punters had the last laugh. Those days, RBI either sharply reacted to such phenomena, or shut its eyes when there was nothing it could do — as it refused to acknowledge the flourishing non-deliverable forward (NDF) market in Singapore, London and New York where big banks took positions on `/$ forwards and settled the trade in dollars.

06.07 / 18:35

UPS Manufacturing Platform Delivery volumes of Tata Steel up 18% during first quarter

New Delhi: Domestic deliveries were the driving force for Tata Steel Limited in the first quarter of Fiscal Year 2024 (Q1 FY24) with an 18 per cent increase in domestic volumes Y-o-Y over key segments, said the steel company in a forward looking statement today.Provisional delivery volumes for the Indian vertical of the company stood at 4.8 million tons, an 18 percent Y-o-Y rise. While the Exports moderated on a Y-o-Y basis to 0.25 million tons, as the company’s Europe and Thailand vertical saw decline in deliveries.

06.07 / 18:35

UPS Coca-Cola Cardiovascular FSSAI to assess WHO rules on sweeteners

NEW DELHI : Food Safety and Standards Authority of India (FSSAI) said it would look at the impact of non-sugar sweeteners on the Indian population via an expert panel and engage with stakeholders before concluding any adverse effects of such additives used in foods and beverages. FSSAI’s comments follow news reports that said aspartame, a commonly used artificial sweetener, is set to be declared as a possible carcinogen by the International Agency for Research on Cancer (IARC), the cancer research arm of the World Health Organization (WHO). “We will look at the Indian perspective.

06.07 / 18:35

UPS Provident Cooper tax cuts GST Council to weigh tax cuts on select items

NEW DELHI : The goods and services tax (GST) Council meeting next week will discuss tax relief on certain medicines, farm products, arthroplasty implants, and services such as satellite launches by private organizations, a person with direct knowledge of the matter said. A committee of officers that reviews proposals for tax rate changes, called the fitment committee, has recommended lowering the GST rates on unfried snack pellets to 5% from 18% and suggested that exemption from the 12% Integrated GST (IGST) could be considered when cancer medicine (dinutuximab/qarziba) is imported by individuals for personal use.

06.07 / 18:35

end End of tax benefits worries French FPIs

NEW DELHI : A meeting between Indian and French tax authorities on the sidelines of a recent G20 summit has set off alarm bells among foreign portfolio investors (FPIs) based in France, three people with direct knowledge of the matter said. The meeting, around potential tweaks to the double taxation avoidance agreement (DTAA) between India and France, has led to apprehension among foreign funds that India may soon renegotiate the treaty to eliminate the capital gains tax exemption. Currently, France and the Netherlands are the only major jurisdictions benefiting from a tax treaty with India that grants exemption from capital gains tax on share sales.

06.07 / 18:35

UPS Provident Aware Platform NMC Colleges Medical Commission to rate 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.

06.07 / 18:35

Manufacturing Goods transit strong despite June decline

NEW DELHI : Generation of e-way bills dipped marginally to 86.1 million last month compared to 88.2 million permits in May, indicating intra- and inter-state shipments of goods continued to be robust despite a slight moderation. Data from Goods and Services Tax Network (GSTN) which processes goods and services tax (GST) returns, showed that 56 million permits were raised for intra-state movement and 30 million permits for inter-state goods movement in June, against 56.7 million intra-state and 31.5 million inter-state e-way bills raised in May.

06.07 / 18:35

Digital Align CAD AES Can’t rest on laurels, India poised for growth: FinMin

NEW DELHI : India’s painstakingly built economic stability, which placed it on a quicker recovery path than many other nations, should not be diluted as the economy is poised to sustain its growth in a more durable way in the future, a finance ministry report said. “India appears poised to sustain its growth in a more durable way than before.

06.07 / 18:35

UPS Manufacturing Mobile India's tariffs on electronics inputs highest amongst competing economies

New Delhi: India's tariffs on electronics inputs are the highest amongst competing economies, according to a study by the Indian Cellular and Electronics Association. The industry body has said that the government must begin rationalising of tariffs or import duties to reduce disadvantages and increase competitiveness with rivals like Vietnam and China.

06.07 / 18:35

UPS Lowe's Target Gap Strategy ‘Coal export strategy in works; local lithium hunt gains pace’

NEW DELHI : The Centre will devise a strategy to tap export markets for Indian coal as domestic production sets new records, Union minister of parliamentary affairs, coal and mines Pralhad Joshi said. In an interview, Joshi said India already exports around 2 million tonnes (mt) of coal to its neighbours. He said that after the recent lithium finds in Jammu and Kashmir and Rajasthan, the Geological Survey of India (GSI) has begun six projects on lithium investigation in Chhattisgarh, Meghalaya, Jammu & Kashmir, and Andhra Pradesh.

06.07 / 16:19

FIVE Aviat Airlines Parke NCLT to hear plea by Go First lessors on August 4

New Delhi: The National Company law Tribunal (NCLT) heard pleas by engine and aircraft lessors of Go First, who are seeking an interim relief from court to inspect planes and engines and deferred the matter till August 4. During the hearing, senior advocate Arun Kathpalia, who appeared on behalf of one of the lessors, argued that the Delhi HC order to grant access to lessors to their 30 parked aircraft is binding on the tribunal and on the Indian civil aviation regulator DGCA.

06.07 / 16:19

COST Strategy Executive RBI appoints P. Vasudevan as new executive director

The Reserve Bank of India (RBI) Thursday appointed P. Vasudevan as executive director.

06.07 / 15:55

UPS Digital Assurant SPY India’s shield of privacy should reflect Article 21

The monsoon session of Indian Parliament will likely take up a bill framed in response to the Supreme Court ruling of 24 August 2017 that said privacy is a fundamental right. The Digital Personal Data Protection Bill, a draft of which was published last year to replace an unwieldy earlier proposal, got Cabinet approval this week as part of the Centre’s effort to update Indian laws for the digital age.

06.07 / 15:55

FIVE BLOCK Strategy surges Coal production surges by 216% in 6 years: Pralhad Joshi

New Delhi: The coal production from captive and commercial coal mines have been steadily increasing over the years, registering a 216 per cent growth in the last six years, Minister for Coal and Mines, Pralhad Joshi said Thursday. In a tweet, minister Joshi highlighted that a total of 86 coal mines have been successfully auctioned under commercial coal mining, offering a potential annual revenue of ₹34,188 crore to various states across the country. In a meeting with senior officials of the ministry of coal, the minister reviewed the performance of coal production from these mines and deliberated on strategies to further increase production by 39% in the current fiscal year.

06.07 / 15:55

FIVE Cooper India, Singapore extend MoU to co-operate on public administration till 2028

New Delhi: The Department of Administrative Reforms and Public Grievances (DARPG), Ministry of Personnel, Public Grievances and Pensions, and the Public Service Division, of the Republic of Singapore signed a protocol document on Thursday, extending for five years the current memorandum of understanding (MoU) on cooperation in the field of personnel management and public administration till 2028. The MoU was signed by V Srinivas, secretary on behalf of DARPG, and Simon Wong, high commissioner of Singapore to India.

06.07 / 15:55

COST Provident Highways Gadkari approves draft notification to mandate AC installation in trucks

New Delhi: Union road transport and highways minister Nitin Gadkari on Thursday announced he has approved the draft notification to mandate the installation of air-conditioning systems in the cabins of trucks belonging to categories N2 and N3. In a Tweet, Gadkari said, “Approved the draft notification to mandate the installation of air-conditioning systems in the cabins of trucks belonging to categories N2 and N3. Truck drivers play a crucial role in ensuring road safety." He added that truck drivers play a crucial role in ensuring road safety.

06.07 / 15:55

UPS Provident Lowe's Digital Dabur to report high single digit growth in India business in Q1

New Delhi: Packaged consumer goods company Dabur India said demand trends in both urban and rural India reported signs of improvement in the June quarter as inflation ebbed. “During the quarter, trends in both urban and rural India have shown signs of improvement. One of the key contributing factors to this positive development has been the reduction in inflation.

06.07 / 15:55

Vivek Singh, FM's OSD to leave his position

New Delhi: Vivek Singh, the Officer on Special Duty (OSD) to the finance and corporate affairs minister Nirmala Sitharaman, will leave his position in personal grounds, Department of Personnel and Training (DoPT) said in a notification on Thursday. "The Appointments Committee of the Cabinet has approved the proposal for curtailment of tenure of Shri Vivek Singh...wef 17.07.2023," DoPT said in a statement. Singh was appointed OSD to the finance minister in January 2021. Prior to this position, he was working as Additional Private Secretary with Sitharaman.

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