City New Delhi Financial News

06.07 / 15:47
UPS Provident Incumbent on host govts to provide security: India over threats to its diplomats by Khalistani groups in Canada, few other countries
India said on Thursday in a message to countries such as Canada, Australia, the US and the UK where pro-Khalistan groups issued posters with threats against senior Indian diplomats. The safety of the diplomats and security of the Indian missions are of utmost priority to the government and New Delhi has taken it up with countries concerned, Arindam Bagchi, the spokesperson in the Ministry of External Affairs (MEA), said.
06.07 / 15:47
Executive RBI appoints P Vasudevan as new executive director
Reserve Bank of India (RBI) on Thursday said it has appointed P Vasudevan as Executive Director (ED) and he will look after three departments, including that of currency management. The appointment is with effect from July 3, RBI said in a statement.
06.07 / 15:41
Citi Man 1996 Lajpat Nagar blasts: Supreme Court hands down life sentence without remission to 4 convicts
Lajpat Nagar market in New Delhi, the Supreme Court Thursday handed down life sentence to four convicts for the remainder of their lives without remission, saying they executed an «international conspiracy» to «destabilise» India by carrying out the blast. The top court, which dwelt in detail on the severity of the offence, however, did not agree with the vehement plea of the prosecution that the convicts be awarded the death penalty for snuffing out innocent lives in the blast on May 21, 1996.
06.07 / 14:29
Provident Microsoft Google Platform Enterprise TCS generative AI TCS to train 25,000 employees on Microsoft, OpenAI’s generative AI tools
New Delhi: India’s largest information technology (IT) services firm, Tata Consultancy Services (TCS), on Thursday said that it will train 25,000 engineers on generative artificial intelligence (AI) tools and services by AI research firm OpenAI, the makers of popular chatbot, ChatGPT. Generative AI services will be hosted and provided on Microsoft’s Azure cloud platform—thus making this offering available to its clients.
06.07 / 14:19
Remark "I am working.. no matter I am 82 or 92 ": NCP chief Sharad Pawar
Nationalist Congress Party (NCP) chief Sharad Pawar asserted that his effectiveness remains unchanged regardless of whether he is 82 or 92 years old. «I am still effective, whether I am 82 or 92,» said Sharad Pawar after the party's National Executive meeting in Delhi while responding to recent remarks made by his nephew, Ajit Pawar who took a veiled swipe at his age. Ajit Pawar's comment stirred discontent among party members and loyalists, triggering a series of reactions.
06.07 / 13:47
UPS As rebel Ajit Pawar kicks uncle Sharad out, he asserts ‘I am president’: Top points
1. Sharad Pawar held the national executive meeting in Delhi on Thursday and came down heavily on his nephew for breaking up the party. He said there is no truth or importance in anything his nephew says. Maharashtra news LIVE updates 2. Sharad Pawar also reacted to the retirement swipe that Ajit took at him, saying that he should let the younger generation take over.
06.07 / 13:35
Citi Cooper Aviat Progressive Manufacturing nsa week NSA Ajit Doval holds talks with French President's advisor; focus on PM Modi's Paris visit next week
National Security Advisor Ajit Doval on Thursday held wide-ranging talks with French President's diplomatic advisor Emmanuel Bonne with a focus on Prime Minister Narendra Modi visit to Paris next week. Modi will attend this year's Bastille Day Parade as the guest of honour in Paris on July 14. Bonne also called on Modi and briefed him on the progress in various areas of bilateral cooperation.
06.07 / 12:51
Citi Fighting committee NCP Working Committee approves decision to expel Praful Patel, Sunil Tatkare and nine others
NCP) Working Committee on Thursday approved decision to expel Praful Patel, Sunil Tatkare and nine others who joined hands with NDA. Amid Maharashtra political crisis, a meeting of NCP leaders was called at the residence of party president Sharad Pawar in Delhi. Earlier today, 13 NCP leaders, including PC Chacko, Jitendra Awhad, Fauzia Khan and Vandana Chavan arrived at the residence of party chief Sharad Pawar in Delhi to attend the National Executive meeting.
06.07 / 12:15
UPS Target Mobile Metro Motorola Motorola signs Kriti Sanon as brand ambassador for Razr phones
New Delhi: Smartphone brand Motorola has signed actor Kriti Sanon as its brand ambassador. The company said she has been brought on board to announce its ‘Motorola Razr 40 Ultra’ and ‘Razr 40’ products. Sanon will be seen in two television commercials.
06.07 / 12:01
Provident Cooper Progressive Manufacturing Platform Fighting French President’s diplomatic adviser calls on PM Modi
New Delhi: Emmanuel Bonne, diplomatic adviser to French President Emmanuel Macron, called on Prime Minister Narendra Modi in New Delhi on Thursday, with the latter highlighting the close cooperation between the two countries in various areas. According to the prime minister’s office, Bonne briefed Modi on the progress in various areas of bilateral cooperation in the context of PM’s forthcoming visit to France.
06.07 / 12:01
Provident Remark Honda Betting app Lotus365 top advertiser in print during January-March 2023
New Delhi: Betting company Lotus365 was the largest advertiser in print medium during January-March. While betting apps were banned in February, one report said the business accounted for the largest pie of advertising in the quarter. The report by TAM Media Research’s Tam AdEx said that the advertising landscape for the print media during the March ended quarter saw a 7% year-on-year increase in ad space per publication.
06.07 / 12:01
Citi FIVE Extreme Southern Rains over Southern Peninsula to ease starting Friday, says IMD
New Delhi: Rainfall activity over Southern Peninsula will likeLight or moderate rainfall may continue over southern regions till tomorrow and decrease thereafter, India Meteorological Department (IMD) said on Thursday. The weather office has predicted forecast heavy rainfall fpr Kerala and coastal Karnataka today. Meanwhile, rains lashed parts of the national capital territory on Thursday, causing waterlogging in several areas.
06.07 / 08:41
MET FIVE Action Fighting Strategy Rajasthan Election 2023: Mallikarjun Kharge, Rahul Gandhi deliberate poll strategy with leaders in Delhi
Ahead of the upcoming election in Rajasthan which is scheduled later this year, top Congress leaders on Thursday are holding deliberations with party leaders in Rajasthan in New Delhi on poll strategy and preparedness, as well as to resolve the ongoing tussle between Chief Minister Ashok Gehlot and his former deputy Sachin Pilot, reports PTI.
06.07 / 06:55
UPS Citi Highways Uniqlo H&M Mumbai Uniqlo to launch Mumbai store in October
New Delhi: Japanese apparel retailer Uniqlo is set to open its first store in Mumbai. The store, set to come up in Phoenix Marketcity, Kurla, is scheduled to open on 6 October. “We are delighted to be launching in Mumbai this fall...October will also mark the anniversary of our four-year journey in India, and this new milestone highlights our strong ongoing commitment to India.
05.07 / 18:39
Provident More GST related data may be made public: GSTN
New Delhi: Goods and Services Tax Network (GSTN), the company that processes GST returns may put more tax data related to geography and industry in the public domain, industry body Assocham said in a statement quoting chief executive of GSTN Manish Kumar Sinha.  A committee is deliberating on placing more data in the public domain which will provide more insights on geography and industry specific information based on GST data, the statement said quoting Sinha speaking at an event.   Granular data on GST will give insights into which are the geographic locations that are exporting, consuming and engaging in inter-state trade of different products and services. This could prove to be immensely useful to businesses in planning their operations and logistics arrangements.
05.07 / 18:39
UPS Citi Target FIVE Strategy expansion Rising demand drives hotel expansion plans
NEW DELHI : India’s largest hotel chains are rapidly expanding their portfolios amid record-high room rates. In the last week alone, half a dozen hotel companies across India have announced new development plans, including management contracts with independent owners and launching properties signed in the past few years, to capitalize on the soaring demand for hotel accommodations. Buoyed by hotel demand outstripping supply, many top hotel operators are signing up new properties in the first quarter of FY24.
05.07 / 18:39
Manufacturing Assurant Strategy Toyota Innova Maruti rolls out its costliest product Invicto at ₹24.79L
NEW DELHI : Maruti Suzuki, India’s leading automaker, is diversifying its premium lineup with the launch of the Invicto, a seven-seater hybrid multi-purpose vehicle based on the Toyota Innova HyCross. Priced at ₹24.79 lakh ex-showroom, it is Maruti Suzuki’s most expensive offering in the market to date. The Invicto will be manufactured at Toyota Kirloskar Motor’s facility in Bidadi, Karnataka, where it also produces all variants of the Innova MPV.
05.07 / 18:39
UPS Provident BLOCK Manufacturing Gap ASEAN India pushes for Asean FTA update on trade gap
NEW DELHI : India has initiated talks with the Association of Southeast Asian Nations (Asean) to address concerns over the rules of origin and trade imbalance. The move is part of ongoing efforts to renegotiate the trade agreement following a significant increase in the trade deficit with the 10-member block. In FY23 alone, the trade gap ballooned by 70% to reach $43 billion, according to a government official familiar with the matter.
05.07 / 18:39
Target Booking Manufacturing Align Remark After Harley, Bajaj-Triumph trains guns on Royal Enfield
NEW DELHI : Bajaj Auto and British luxury motorcycle brand Triumph on Wednesday launched their maiden offerings with two 400cc modern classics, strategically designed to woo the Indian youth. With competitive price points, these motorcycles will directly challenge the revered British marquee brand Royal Enfield that has so far maintained an unassailable dominance with over 70% share in the 350cc-500cc segment in India. The Speed 400, priced ₹2.33 lakh, ex-showroom, enters the market with an exclusive offer of ₹2.23 lakh for first 10,000 bookings.
05.07 / 18:39
COST UPS FIVE Waters Manufacturing R&D Centre Centre releases draft roadmap for R&D for green hydrogen manufacturing, storage
New Delhi: The union ministry of new and renewable energy on Wednesday released the draft roadmap for research and development of green hydrogen manufacturing and storage. As per the draft roadmap, the plans to develop efficient, safe, and cost-effective hydrogen storage methods that enable high-density storage, reduce leakage, and allow for easy and quick refueling.
05.07 / 17:21
Target Amazon Disney CEO Platform Strategy Jio’s content push may stir an OTT turf war
NEW DELHI : JioCinema, the video streaming platform owned by Mukesh Ambani’s Reliance Industries Ltd, is set to disrupt the Indian OTT market with its free local language programming, which sets it apart from rivals such as SonyLIV or ZEE5, who have similar content behind a paywall. Moreover, JioCinema’s recent acquisition of Warner Bros Discovery content, which includes popular HBO Originals, and the addition of Universal Studios content poses a threat not only to Disney+ Hotstar, which has also lost the IPL rights but also positions the Viacom18-owned service alongside established players like Netflix and Amazon Prime, known for premium international programming.

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