City New Delhi Financial News

07.03 / 01:15

UPS IPO CEO security wellness Interviews Lohum is aiming for IPO in 2027. But before that it wants to raise $200mn

Subscribe to enjoy similar stories. New Delhi: Critical mineral refining and processing company Lohum is looking to raise about $200 million from private equity funds, as it readies to launch an initial public offering (IPO) in early 2027, its founder and chief executive officer (CEO) Rajat Verma said. “Growth will come from capacity expansion.

07.03 / 01:15

markets Target Strategy Trade Experts rights Pharmaceuticals Prepare to hit the US with tariffs where it hurts, says expert body advising the government

Subscribe to enjoy similar stories. New Delhi: A group of trade experts advising the government on its trade negotiations with the Donald Trump administration has recommended that India prepare to levy tit-for-tat tariffs on American goods that enjoy significant market access in India and that contribute to a sizeable US trade surplus in these product categories.

06.03 / 23:47

Citi Target Action Sustainability Research country reports After Trump's Paris Agreement exit, focus on state and municipal level climate change mitigation, says IPCC chairperson

Subscribe to enjoy similar stories. New Delhi: The rollback of pledges by a major economy can lead to missed global climate mitigation targets, but state- and municipal-level policies can still bear positive impacts, said Jim Skea, chairperson of the Intergovernmental Panel on Climate Change (IPCC). Skea said that withdrawing from an agreement may not mean the country will stop all climate change mitigation activities.

06.03 / 23:47

markets UPS Target Trade electronic Pharmaceuticals Trade talks heat up: US asks for petrochemical concessions, India eyes value chain

Subscribe to enjoy similar stories. New Delhi: As Indian and US negotiators huddle in Washington to iron out issues in a potential trade deal, one of the key areas that has emerged is petrochemical trade, three people aware of the matter said on the condition of anonymity.

06.03 / 18:49

Cooper Aware Action Parke country information reports CBDT’s nudge leads to disclosure of over ₹29,000 crore of foreign assets

Subscribe to enjoy similar stories. NEW DELHI : A compliance drive launched in November 2024 by the Central Board of Direct Taxes (CBDT), based on financial information received from foreign tax authorities, has led to more than 30,000 persons declaring previously unreported foreign assets worth ₹29,208 crore and additional foreign income of ₹1,090 crore, a person with direct knowledge of the matter said.

05.03 / 23:33

Digital Google Platform track social information prevention Big Tech, Data privacy rules differ over online tracking of children on Net

Subscribe to enjoy similar stories. New Delhi: Meta Platforms Inc and Google’s parent Alphabet Inc have raised concerns about Indian rules barring tech giants from monitoring internet browsing by children under 18 as it will make safety filters ineffective, according to three executives privy to the discussions. “The DPDP Act’s rules include an exemption that allows social media intermediaries to use the age of a user as part of the data that the platform can use to identify them.

05.03 / 13:23

markets UPS Target Strategy hospital travelers International What should investors expect from the ITC Hotels demerger?

Subscribe to enjoy similar stories. New Delhi: 29 January was meant to be a special date for ITC Hotels, one that marked a new beginning. That was the day the hotel chain, whose properties are renowned for playing host to heads of state from around the world for several decades, debuted on the stock exchanges.

05.03 / 07:15

markets UPS Target Manufacturing Cycling Interviews Belgium’s John Cockerill eyes India’s nuclear expansion, cooling market

Subscribe to enjoy similar stories. NEW DELHI : As India ramps up efforts to expand its nuclear power capacity, Belgium-headquartered engineering firm John Cockerill is positioning itself to supply key services and equipment for upcoming projects, chief executive Francois Michel said in an interview. The company, which has deep roots in the nuclear sector, is also looking to establish cooling towers for these plants through its subsidiary, John Cockerill Hamon.

05.03 / 02:05

UPS Action wellness Trade President War Mint Quick Edit | Trump’s trade war has flared up

Subscribe to enjoy similar stories. When Warren Buffett lambasted US President Donald Trump’s imposition of tariffs as “an act of war to some degree," he wasn’t wrong. Of course, there’s no conventional battle going on.

05.03 / 01:27

UPS Target security Analysis PTC Trade Stocks in news: Adani Wilmar, Ola Electric, Ambuja Cements, Power Grid, JSW Energy

Adani Wilmar, Ola Electric, Ambuja Cements, Power Grid, JSW Energy among others will be in focus due to various news developments. ONGC Indian oil explorer Oil and Natural Gas Corp said its unit acquired clean energy firm PTC Energy for Rs 925 crore ($106.02 million) as the company looks to ramp up its green energy portfolio.

05.03 / 01:05

markets Extreme performer information reports recommendations International New accounting norms to be introduced for overseas biz operations

Subscribe to enjoy similar stories. New Delhi: The audit regulator has proposed changes to accounting norms to ensure financial statements of businesses are more transparent and accurate about investments and transactions in foreign currencies for which the exchange rate is not readily available or is unreliable.

05.03 / 01:05

markets UPS Target Maxim Aware Enterprise Centre may raise about ₹10,000 crore in FY25 divestment, largely from OFS route

Subscribe to enjoy similar stories. New Delhi: The government is likely to raise about ₹10,000 crore from divestment proceeds in FY25, with a large bulk coming from the Offer for Sale (OFS) route, two people aware of the matter said. During the first 10 months of the ongoing fiscal, the Centre has raised about ₹8,625 crore through disinvestment transactions, the people mentioned above said.

04.03 / 00:37

markets Platform Apple Software Interface Experts country Apple’s India engineers push iPhones closer to hinterlands with local languages

Subscribe to enjoy similar stories. New Delhi: Last month, Apple announced that starting April, its iPhones will support 10 Indian languages.

04.03 / 00:37

markets UPS Target Manufacturing economy Sustainability country India's developed nation dream realistic, but needs bold reforms, says WB India head Auguste Tano Kouamé

Subscribe to enjoy similar stories. New Delhi: India’s goal of becoming a high-income, developed nation by 2047 is realistic but requires overcoming challenges, Auguste Tano Kouamé, the World Bank's Country Director for India, told Mint. While the target may seem ambitious, historical trends and planned structural reforms make it achievable, Kouamé said.

03.03 / 19:17

UPS Career WhatsApp show testing A day after removing nephew from party posts, Mayawati expels Akash Anand from BSP

New Delhi: The differences between Mayawati and her nephew Akash Anand continued to play out in the open, with the latter stating on Monday that though he humbly accepts her decision, his detractors should not see this as the end of his political career, leading the former UP CM and BSP chief to expel him from the party. In a series of posts on X, Akash said, «Every decision of Mayawati is marked in stone for me. I respect every decision taken by her and stand firm by them… Her decision to relieve me from all posts is an emotional one for me but at the same time it is a big challenge.

03.03 / 11:19

UPS Citi Food DISH country Make a reservation at Farro, Pune's newest premium dining restaurant

Subscribe to enjoy similar stories. An unexpected dish was placed on the table: parmesan jalebi with saffron aioli, a savory take on the zulbia, a Middle Eastern dessert that became jalebi in India. This delightfully innovative appetizer was served at Farro, a new restaurant in Pune that opened in January.

03.03 / 09:53

Citizens wellness President band shock strain Health insurance for senior citizens: No clarity on implementation of 10% premium hike cap

Subscribe to enjoy similar stories. NEW DELHI : A couple, in their 60s, bought a family floater health insurance policy from a private insurer in 2018. They never had to use it.

03.03 / 00:13

markets security wellness information Courts Investigations Law changes on cards for quick CCI nod for distressed asset sales after SC order

Subscribe to enjoy similar stories. New Delhi: The government is exploring urgent legislative changes to ensure swift approvals from the Competition Commission of India (CCI) for the sale of distressed assets after a Supreme Court (SC) order cast a cloud over bankruptcy rescues, two people informed of the development said.

02.03 / 13:19

markets UPS Manufacturing stage country International Chip wars: As geopolitics change, India needs this crucial ‘transfer’ to work her way up

Subscribe to enjoy similar stories. New Delhi: When the government announced the production-linked incentive (PLI) scheme for semiconductors in 2021, with an outlay of around $10 billion, it was perhaps fitting that it was the largest of all schemes to promote hi-tech manufacturing in India announced by the government. The world over, governments love semiconductors, as a target for industrial policy.

02.03 / 12:39

UPS Provident Target Progressive Aware Department recommendations Centre approves 97% of special assistance scheme funds to states

Subscribe to enjoy similar stories. New Delhi: The Centre has approved nearly 97% of the amount allocated to states under the Special Assistance scheme, which provides interest-free loans for 50 years to states, during the first 10 months of the ongoing fiscal year, two people aware of the matter told Mint. The amount approved is ₹1.22 trillion.

02.03 / 12:39

UPS Waters Manufacturing country Courts Chhattisgarh in talks with US, Russian defence firms to set up manufacturing, says chief minister Sai

Subscribe to enjoy similar stories. New Delhi: Chhattisgarh is courting defence firms from Russia and the US to set up manufacturing units in the state under its new Industrial Development Policy 2024-30, as it looks to position itself as a key player in India’s defence supply chain. "Numerous companies from Russia, the US, and other countries participated in our investment summit in Mumbai, and these investments will come to Chhattisgarh," chief minister Vishnu Deo Sai told Mint in an interview.

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