City New Delhi Financial News
12.03 / 23:59
COST
Provident
Aware
Assurant
Sustainability
Universities
Centre ready to exempt health and life insurance from GST. Then why is the industry pitching for 12%?
Subscribe to enjoy similar stories. New Delhi: There is unanimity on the need to reduce the goods and services tax (GST) on health and life insurance premia from 18%, but consensus eludes on what the final rate should be: nil, 5% or 12%.
12.03 / 17:19
UPS
Aware
Manufacturing
track
country
medicines
Centre, states gear up for checking abuse of narcotic drugs, may mandate bar-code on packaging
Subscribe to enjoy similar stories. New Delhi: The government may make it mandatory for packages containing narcotics to carry a barcode while it mulls building a portal to identify, track and monitor the illegal sale of narcotics. In view to recent cases of abuse of narcotics meant for medicinal use, the government is devising a mechanism to ensure the tracking and traceability of these drugs.
12.03 / 15:03
markets
Digital
Platform
Netflix
show
audience
Videos
Jio Cinema-Disney+ Hotstar merger: Why JioHotstar needs batting depth beyond the IPL
Subscribe to enjoy similar stories. New Delhi: In 1920s British-ruled India, scheming courtesans deftly navigate their way through a world of power, love and influence. Meanwhile, in the present day, an engineering graduate ends up working in the panchayat office of a remote village in a comic turn.
12.03 / 13:45
UPS
Booking
Waters
Platform
Parke
medicines
New Delhi station stampede: Government says Rs 2.01 crore paid to 33 affected families
Railway Minister Ashwini Vaishnaw said in a written response to a question in Lok Sabha. The stampede happened at the New Delhi Railway station in the evening of February 15 amid a huge rush of devotees headed to the Maha Kumbh Mela in Prayagraj. In his response in Parliament, Vaishnaw did not give the number of the deceased and the injured, but after the incident officials had said the stampede killed 18 people and left 15 injured. Vaishnaw said a high-level inquiry has been ordered into the incident. On other questions by members on the stampede and amenities created for devotees during the Maha Kumbh Mela, the railway minister gave a detailed response.
12.03 / 02:05
markets
Provident
Tesla
SpaceX
Mint Quick Edit | Starlink’s entry to India: Foster rivalry in this market
Subscribe to enjoy similar stories. The debut of Starlink’s satellite internet services in India has been a matter of much anticipation.
12.03 / 02:05
UPS
wellness
Trade
country
reports
International
Arming up: ‘Be Indian, buy Indian’ is a useful mantra for strategic autonomy
Subscribe to enjoy similar stories. India has long been counted among the world’s top importers of arms. So, any slip in our worldwide rank grabs attention.
12.03 / 01:05
markets
Provident
Aware
Racing
Enterprise
Research
rights
Airtel-Starlink pact: Mittal, Musk edge past Ambani in satellite internet race
Subscribe to enjoy similar stories. New Delhi: Sunil Mittal-chaired Bharti Airtel Ltd has inked a pact with Elon Musk-backed Starlink to offer satellite internet services in India, raising the stakes in the battle with Mukesh Ambani's Reliance Jio Infocomm Ltd. Starlink’s service will be marketed in India through Airtel.
11.03 / 12:15
UPS
Waters
Election
country
Department
Beer brewers, after two tepid years, raise a toast to a longer, meaner summer
Subscribe to enjoy similar stories. New Delhi: Beer companies are salivating over warnings of a warmer summer after unseasonal rains in 2023 and the 2024 national election watered down volumes during the industry’s peak sales season the previous two years.
11.03 / 10:19
11.03 / 07:39
markets
Man
hospital
travelers
shock
Schools
Investigations
Delhi HR manager killed while defending women from sexual assault
Bibhas Nayak, a 29-year-old HR manager at St Stephen’s Hospital in New Delhi, died while defending two women from sexual assault in Karnataka’s Koppal district. The incident took place on 6 March near Sanapur village, close to the popular tourist site of Hampi. Bibhas was overpowered by three attackers and thrown into a canal. His body was recovered on Saturday, and Karnataka police have since arrested the suspects. His grieving family has called for a thorough and fair investigation.
11.03 / 04:51
markets
Assurant
Bill
love
track
information
reports
Crowd management system used during Maha Kumbh now permanent fixture at 60 designated railway stations: Ashwini Vaishnaw
Vaishnaw moved The Railways (Amendment) Bill, 2024 that seeks to amend the Railways Act, 1989 in the Rajya Sabha on Monday. The Bill, already passed by the Lok Sabha, was approved by the Upper House after a debate. The minister assured the House that reports of CCTV cameras being shut down after the February 15, 2025 stampede at the New Delhi station are false.
11.03 / 03:09
markets
COST
Digital
Trade
President
War
Mukesh Ambani's big bets at risk from Trump, Musk & US rivals
Mukesh Ambani can’t afford to have Donald Trump smash open the latch with a sledgehammer. But that is how the threat is unfolding. The concern in New Delhi is that any retaliatory trade action by Washington will cover broader ground than just India’s “massive tariffs,” as the US president characterized them Friday. American firms do “very little business inside” the most-populous nation, Trump said. Indian conglomerates enjoy varying degrees of protection from foreign competition. While nearly all of them are at risk from concessions to avoid a trade war, Ambani’s empire appears to be unusually vulnerable.
11.03 / 00:09
Provident
Aware
Action
Department
prevention
guidelines
rights
Pesky calls: Watchdog holds off on new rules to avoid over-regulation
Subscribe to enjoy similar stories. New Delhi: Guidelines to make unsolicited calls and spam SMSes illegal have been kept in abeyance for now by the country’s top consumer watchdog.
10.03 / 19:15
markets
Assurant
Bill
RAI
information
reports
Crowd management system will be deployed at 60 railway stations
Ashwini Vaishnaw said in Rajya Sabha on Monday. Vaishnaw moved the Railways (Amendment) Bill, 2024 that seeks to amend the Railways Act, 1989 in the Rajya Sabha on Monday. The Bill, already passed by Lok Sabha, was approved by the Upper House after a debate. The minister assured the House that reports of CCTV cameras being shut down after the February 15, 2025 stampede at the New Delhi station are false.
10.03 / 19:15
markets
Digital
Trade
President
Experts
RAI
India readies terms of reference for bilateral trade pact with US
The commerce and industry ministry has also sought wish lists of various industries and tariff concessions they expect from Washington under the pact. «Inputs have been sought from various stakeholders as both sides aim to increase exports,» said an official. US President Donald Trump claimed Friday that India will significantly reduce tariffs on American imports, saying New Delhi imposed «massive» trade barriers and that «somebody is finally exposing them for what they have done».
10.03 / 17:09
markets
DOW
Action
economy
Trade
performer
Trade storms shake sensex stability
Indian equities have become one of the worst performers as the world resets its trading rules. For the first time since 2009, Sensex's P/E is trading below that of the Dow. Despite once-rich valuations among emerging markets (EM), foreign investors keep selling even after a sharp correction from last year's peak.
09.03 / 05:45
markets
UPS
Trade
country
reports
Asia Rice: India rates hit lowest since June 2023, Vietnam sees demand pick up
export prices from India extended declines this week to their lowest level since June 2023 due to weak demand and abundant supplies, while Vietnam rice saw increased demand. India's 5% broken parboiled variety was quoted at $409-$415 per tonne, down from last week's $413-$420. Indian 5% broken white rice was priced at $390-$400 per ton this week. Vietnam has been aggressively selling rice in the world market, which has put pressure on prices in other countries, said a New Delhi-based dealer with a global trade house.
09.03 / 01:01
markets
UPS
Trade
President
Experts
country
Race against April 2 deadline: For US tariff truce, government mulls 2-pronged strategy
India is examining its import basket to finalise the list of items for which it could build a bespoke — and lower — tariff structure for the US, while it also explores areas where further levy reductions are possible through an extension of the Most Favoured Nation (MFN) approach. The Centre has discussed the minute details of preferential tariff reductions for the US through both a trade pact and on an MFN basis for sectors including agriculture and automobiles — areas that would benefit US exporters were India to reduce tariffs further. To be sure, countries can grant duty cuts to one another’s imports on a preferential basis in a free trade agreement (FTA). “There have been discussions on giving concessions on the MFN and FTA basis,” said an official, as India and the US aim to conclude the first tranche of their Bilateral Trade Agreement (BTA) by fall this year.
08.03 / 04:11
UPS
Citi
tennis
love
musician
Relationships
KP Singh: The city builder
Subscribe to enjoy similar stories. Dressed in a claret-coloured shirt and dark slacks, K.P. Singh is just back in New Delhi from Lynndale, his 110-acre home in Mussoorie, where he brought in his 95th birthday with family and friends, and musicians flown in for the occasion.
07.03 / 18:21
markets
Sustainability
Trade
President
Diversity
show
gatherings
Vinitaly Indian Roadshow: The icon of Italian cuisine and culture lands in India
Vinitaly India Roadshow comes weeks before over 4000 wine producers are scheduled to gather in Verona for the 57th edition of VinItaly 2025 between 6-9 April in Verona at a time when India-Italy relations are at their zenith. “Italy is the first wine producer in the world. But for Italy wine is much more than a beverage or an economic factor” noted the Ambassador of Italy to India Antonio Bartoli. “It is an integral part of the Italian culture. Hundreds of different types of wine testified to the authenticity and diversity of our territories. Wine is a driver of conviviality, togetherness, good-taste and quality. Values and traits that we share with India. We are happy to host this preview in Delhi, knowing how wine can further foster contacts and exchanges between our peoples and Countries” highlighted the Italian Head of Mission. The event which highlights the importance of “Made in Italy” comes at an opportune time, with Deputy Prime Minister of Italy Antonio Tajani, expected to lead a business delegation to New Delhi in early April.
07.03 / 16:37
UPS
security
cover
information
prevention
rights
Competition Commission staff can't invest in individual stocks to avert conflict
Subscribe to enjoy similar stories. NEW DELHI : Competition Commission of India (CCI) has proposed to prevent its employees from specified investments, including any direct or indirect investments in commodity derivatives and equity-related investments other than certain exceptions like mutual funds, to protect the integrity of its regulatory decisions. CCI employees are currently covered by central civil service rules, and the proposed norms seek to add explicit additional conduct requirements for the regulator like in the case of other regulators, including the Securities and Exchange Board of India (Sebi).
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