City New Delhi Financial News
17.12 / 10:41
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Cycling
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Sporting
Sports minister Mansukh Mandaviya launches 'Fit India Cycling Drive'
Mansukh Mandaviya flagged off the 'Fit India Cycling Drive' at the Major Dhyan Chand National Stadium here on Tuesday. Close to 500 cycling enthusiasts joined the three kilometres ride from the stadium to Raisina Hills and back, the initiative aimed at promoting cycling as a sustainable and healthy mode of transportation. The event was flagged off by Mandaviya in the presence of Raksha Khadse, the minister of state (Sports), MP Tejasvi Surya, as well as elite athletes, including Paris Paralympics bronze medallist Simran Sharma, Commonwealth Games gold medallist Nitu Ghanghas and Asian Games bronze winner Preeti Pawar. Mandaviya said in a press release, «We have launched this event as 'Fit India Cycling Tuesdays' but for the convenience of cycling enthusiasts, this will now be conducted on Sundays and be called 'Sundays on Cycle'.
17.12 / 10:11
COST
Election
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One nation, one election: ECI to retain discretionary powers to defer assembly polls
Subscribe to enjoy similar stories. NEW DELHI : The Election Commission of India (ECI) will likely retain discretionary powers to defer legislative assembly polls under specific circumstances even after the country transitions to a ‘one nation, one election’ system, per the Constitutional amendment bill tabled in the Lok Sabha on Tuesday. Currently, the ECI can conduct elections under Article 324 of the Constitution and seek an extension to complete elections through section 153 of the Representation of the People Act, 1951.
16.12 / 14:33
markets
security
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War
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gatherings
Manipur CM accuses agencies of manipulation; Centre now gathering grassroots info
Manipur Chief Minister N Biren Singh said that some agencies were sending manipulative information to New Delhi, the Centre had realised that, and it is collecting information from the grassroots. Seven people are detained in connection with the killing of two migrant labourers from Bihar. Seven cadres of the proscribed underground outfit, Kangleipak Communist Party (People’s War Group) (KCP-PWG) were arrested in connection with the killing of two migrant workers from Bihar. Biren, talking to media persons said, “Misinformation, manipulative information and politicised information were sent by some agencies there in New Delhi. Now the Centre has realised and collected information from the grassroots. Now they have found concert information and they are dealing with it.”
16.12 / 08:31
16.12 / 00:17
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rights
India-UK FTA talks likely to resume in April-June to resolve pending issues
Subscribe to enjoy similar stories. New Delhi: India and the UK are expected to restart talks on their proposed free trade agreement (FTA) between April and June, the first quarter of the UK’s fiscal year, two people aware of the matter said. The talks, which aim to resolve outstanding issues, have been ongoing since January 2022 but stalled in May this year after a high-ranking British delegation canceled its visit to New Delhi ahead of the general election in the UK.
16.12 / 00:17
markets
UPS
Analysis
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Refining margins of state-run oil marketing companies fall this fiscal
Subscribe to enjoy similar stories. New Delhi: Gross refining margins (GRM) of public sector oil marketing companies (OMCs) have fallen by up to 80% in the first half of this financial year, showed data from the Petroleum Planning & Analysis Cell (PPAC), amid shrinking discounts of Russian oil and declining prices in global markets, experts said. Mangalore Refinery and Petrochemicals Ltd, a public sector enterprise under the Union petroleum ministry and a subsidiary of Oil and Natural Gas Corp.
16.12 / 00:17
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travelers
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Airfare on metro routes down 28%, up on non-metro routes
Subscribe to enjoy similar stories. New Delhi: Those planning to travel between metro cities this year-end are in for a treat. According to data from ticket booking portals, airline ticket prices between metropolitan cities have crashed by almost a third this month compared to December 2023.
15.12 / 12:21
markets
Software
Sustainability
AVP
country
Videos
India is a player the world turns to, even if we're bashful at times, says EAM Jaishankar
Speaking at an event in Delhi, the EAM stressed on the fact that India is a first-responder when its counterparts around the world need its help. However, he added, that New Delhi has miles to go to revamp itself from the mistakes of the past, in order to become a 'multigenerational foreign policy following nation'. 'We're a player the world turns to, even if we're bashful at times. The idea of India as a first responder, I can predict, will only get stronger," said Jaishankar.
15.12 / 11:29
COST
UPS
Citi
Experts
Inside
India’s novel attempts at battling deadly air pollution are falling short
Subscribe to enjoy similar stories. NEW DELHI—As the skies turned hazy with pollution this winter, a giant outdoor purifier sat dormant in the Indian capital’s central business district. The smog tower, lined with double rows of fans, was intended to purify the surrounding area by sucking in smog, passing it through filters on the inside and releasing clean air.
14.12 / 14:01
markets
Digital
Strategy
Software
economy
Experts
PAM
India's Space economy to increase threefold in next 10 years: Jitendra Singh
Jitendra Singh. Speaking at India Economic Conclave organised by Times Network in New Delhi, Singh said, India is on the path of raising its space sector to global standards. He informed that India has made a quantum jump since 2014 in the Space economy.
14.12 / 13:33
markets
Digital
Fighting
security
Software
Election
I am preparing from here: BJP's Parvesh Verma hints at contesting from New Delhi seat in Assembly polls
Bharatiya Janata Party (BJP) leader Parvesh Verma stated on Saturday that he is preparing to contest from the New Delhi constituency in the upcoming Delhi Assembly elections. Speaking to ANI, Verma expressed confidence in the BJP's ability to win the New Delhi seat, which has been held by Aam Aadmi Party (AAP) supremo Arvind Kejriwal for the past three terms. «I am preparing to contest from here. All the workers are supporting me, and we will definitely secure victory. The people are determined to give a befitting reply to Kejriwal,» Verma said.
14.12 / 07:39
markets
Strategy
Software
awards
Experts
Department
Traffic
IndiGo flight bound for Jeddah makes emergency landing in Karachi
IndiGo flight en route to Jeddah, Saudi Arabia, was on Saturday forced to make an emergency landing at the Jinnah International Airport in Pakistan's Karachi city following a medical emergency onboard. The aircraft, which departed from New Delhi, was in Pakistani airspace when a male passenger fell seriously ill, according to sources from the Civil Aviation Authority (CAA). According to Geo News, the passenger was a 55-year-old Indian man.
14.12 / 06:37
markets
Target
Digital
Strategy
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Food
India's rice stocks surge to record high, boosting export prospects
Rice inventories in India surged to a record high at the start of December, reaching more than five times the government's target and potentially boosting overseas shipments from the world's biggest exporter of the staple food. Rice reserves, including unmilled paddy, in state granaries totalled 44.1 million metric tons on Dec. 1 against a government target of 7.6 million tons, data compiled by the Food Corporation of India showed. Wheat stocks on Dec. 1 stood at 22.3 million tons against a targeted 13.8 million tons.
14.12 / 00:35
markets
COST
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Sustainability
Research
President
Industry needs to up R&D spend, expect govt capex growth to sustain: Ficci
Subscribe to enjoy similar stories. New Delhi: Businesses need to step up their research and development spending, and the industry expects the government to sustain the growth in budget allocation for capital expenditure as these two would help the Indian industry to become more competitive in global markets, Harsha Vardhan Agarwal, president of Federation of Indian Chambers of Commerce and Industry (Ficci), and vice-chairman and managing director of Emami Ltd, said. In an interview to Mint, Agarwal also downplayed the government’s concerns that private sector salaries were not keeping pace with their multi-year-high profitability, saying that the need to retain talent ensures salary increments in the private sector.
13.12 / 16:01
UPS
Digital
Cooper
Software
awards
Trade
country
India, UAE discuss IMEEC; resolve to expand energy, trade ties
India and the United Arab Emirates(UAE) on Friday discussed implementation of the ambitious India-Middle East-Europe Economic Corridor (IMEEC) and resolved to shore up ties in areas of energy including long-term supplies and collaboration in upstream and downstream projects. Ways to further deepen bilateral relations in areas of energy, connectivity and trade figured prominently at the 15th India-UAE Joint Commission Meeting (JCM) that was co-chaired by External Affairs Minister S Jaishankar and his UAE counterpart Sheikh Abdullah bin Zayed Al Nahyan. The meeting was held in New Delhi. The two foreign ministers also deliberated on expanding strategic partnership between the two countries in areas of defence, emerging technologies, nuclear energy, polar research, critical minerals and renewable energy at a meeting of the India- UAE Strategic Dialogue held last night.
13.12 / 11:43
Platform
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New consumer complaints platform will let you file cases, attend hearings online
Subscribe to enjoy similar stories. New Delhi: The department of consumer affairs is preparing to launch a “future-ready" platform to redressing consumer grievances through a new e-Jagriti app and an updated portal, which is expected to streamline the resolution of complaints, two people aware of the matter said. The new system looks to take into account changes in consumer behaviour resulting from, among other things, the launch of quick deliveries across segments, from groceries and medicines to cosmetics and fashion, they added.
12.12 / 20:59
markets
UPS
Digital
Software
Trade
Experts
PAM
India's growth story is more balanced than China's: BCG experts
India's growth story may not have been as sparkling as China's but it's more balanced, thanks to its more judicious investment-consumption mix, Boston Consulting Group's global chief economist Philipp Carlsson-Szlezak said. «When you look at it carefully, China's growth has been very unbalanced-very much focused on capital accumulation, neglecting consumption. And that is now catching up with China,» he told ET in an interview. «To me, from afar at least, it looks like India is on a more balanced path. I presume you can do a lot more capital investment-both public and private. But the fact that consumption is already a significant share of output, to me, it looks much more balanced,» he added. However, additional tariffs on Chinese goods, as pledged by US president-elect Donald Trump, may not necessarily divert massive investments by global corporations away from China, he reckoned.
12.12 / 17:35
Cooper
Strategy
Software
Moodys
RAI
Videos
India and Thailand to explore co-production of military hardware
Defence Dialogue held in New Delhi. A key member of the 10-nation ASEAN (Association of Southeast Asian Nations) grouping, Thailand is seen by India as a crucial strategic partner in the Southeast Asian region. «Both sides agreed for early establishment of joint working group to effectively steer and monitor the cooperation in the areas of defence industry,» the defence ministry said.
12.12 / 16:39
UPS
Manufacturing
Strategy
Mobile
Sustainability
wellness
International
Andhra Pradesh decides against incentives for hybrid vehicles in new EV policy
Subscribe to enjoy similar stories. New Delhi: The Andhra Pradesh government has decided not to extend road tax waivers and cash incentives for buyers of hybrid vehicles, in its new sustainable electric mobility policy document seen by Mint. The policy, effective 11 December, extends benefits only to electric two-, three-, and four-wheelers, goods carriers, and e-buses, diverging from other states like Uttar Pradesh that have incentivized hybrids to promote cleaner mobility. The policy, valid until 2029, is part of Andhra Pradesh’s goal to achieve carbon-neutrality in the transport sector by 2047.
12.12 / 11:53
markets
Align
Yellow
DAL
cover
strain
India may extend duty-free yellow pea imports by two months to keep prices of pulses under control
Subscribe to enjoy similar stories. New Delhi: The government is considering extending duty-free import of yellow peas for a few more months, possibly until February, to help lower prices and address shortages of tur (pigeon pea) and chana (gram), two people familiar with the matter said. An official notification to this effect is expected soon, as duty-free import of yellow peas is currently allowed until the end of December.
12.12 / 10:11
UPS
Platform
Entertainment
security
cover
information
Mistakes people make when porting a health insurance policy
NEW DELHI: The renewal of your existing health plan is just around the corner, and you've started receiving calls to port your policy. If you are unhappy with your existing insurer or the health plan, you may end up entertaining those calls.
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