City New Delhi Financial News

Subscribe to enjoy similar stories. New Delhi: Clarity from the government on the issue of adjusted gross revenue (AGR) will move the needle on Vodafone Idea Ltd’s efforts to raise debt from lenders, its top executive said, adding that promoters, along with the management, were in discussions with banks for raising ₹35,000 crore.

An association of editors and rights groups has condemned a decision by Bangladesh’s interim government to cancel press accreditations for 167 journalists, calling it a threat to press freedom in the country

Subscribe to enjoy similar stories. Insurance companies charge hefty premiums for health policies and often revise them upwards to adjust for medical inflation. It comes as a surprise, therefore, if they reject or only partially settle claims linked to modern treatment methods and advanced procedures.

Subscribe to enjoy similar stories. New Delhi: Highway developer Ceigall India Ltd is planning to sell its five road projects under the hybridannuity model (HAM) in a deal having an enterprise value of $540 million, two people aware of the development said. Out of the five, work has started on two, while the other three are awaiting clearances.

Subscribe to enjoy similar stories. New Delhi: India’s competition watchdog may knock on the doors of the country’s top court in an anti-trust case involving e-commerce majors Amazon and Flipkart, and some sellers on their platforms, two persons aware of the development said. The Competition Commission of India (CCI) is considering moving the Supreme Court to transfer to it more than a dozen writ petitions filed by these sellers in the high courts of Karnataka, Telangana, Madras and Kolkata.

Subscribe to enjoy similar stories. New Delhi/Chennai: In December 2021, over 400 women staying at a hostel at Puduchatram on the Chennai-Tirupati highway took ill. Some of them had severe symptoms of food poisoning and were admitted to hospitals.

Subscribe to enjoy similar stories. New Delhi: IAS coaching institutes will face closure and licence cancellation if found violating new guidelines on misleading ads released on Wednesday. The Guidelines for Prevention of Misleading Advertisement in Coaching Sector, 2024, hold coaching centres accountable for false claims regarding course duration, which may mislead students into believing they can complete a programme within an unrealistically short timeframe.

Subscribe to enjoy similar stories. New Delhi: Drugs to treat lifestyle diseases such as hypertension and type 2 diabetes were among the top-selling medicines at the government's generic pharmacies across the country this year, an official said. Telmisartan tablets to treat high blood pressure averaged monthly sales of about 1.41 million strips at the kendras run under the Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP), the official aware of the matter said.

Faisal bin Farhan Al Saud in the national capital. The two leaders held deliberations during the second meeting of the Political, Security, Social and Cultural Committee of the India-Saudi Arabia Strategic Partnership Council (SPC). «Delighted to co-chair along with FM @FaisalbinFarhan of Saudi Arabia the 2nd Meeting of the Committee on Political, Security, Social and Cultural Cooperation #PSSC under our Strategic Partnership Council in Delhi today. Held productive discussions on our multi-faceted bilateral ties including defence partnership, security cooperation, trade & investment, culture, tourism & youth exchanges and our people to people connections. We also exchanged views on regional and international issues, especially the ongoing conflict in West Asia and our joint efforts in various multilateral fora,» Jaishankar said in a post on X.

Subscribe to enjoy similar stories. NEW DELHI : Last week, Nvidia Corp., the world's largest artificial intelligence (AI) chipmaker, replaced Intel Corp., best known for computer processors, in the 30-share American benchmark share index. This movement in the Dow Jones Industrial Average reflects the big changes in the industry over the past few years, as AI took centre stage and the fortunes of top players reversed.

Subscribe to enjoy similar stories. New Delhi: India’s hunt for the perpetrators of multiple bombing threats that significantly disrupted the domestic aviation and hospitality sectors has hit a roadblock in Europe, where most of the hoax calls are said to have been made through virtual private networks.

New Delhi: S.P. Oswal’s ordeal began on the afternoon of 27 August, with an innocuous phone call. It was a pre-recorded message from someone claiming to be from the Telecom Regulatory Authority of India (Trai). Just out of hospital after battling an illness, the unsuspecting 82-year-old Oswal, chairperson of the Ludhiana-based Vardhman Group, pressed 9 when prompted. That keypress was a standard screening procedure by scamsters to ascertain the gullibility of their victims—Oswal, a Padma Bhushan awardee, instantly became a target.

Subscribe to enjoy similar stories. New Delhi: The board of the National Financial Reporting Authority (NFRA) on Tuesday approved a revision of all audit standards issued by the Institute of Chartered Accountants of India (ICAI) in spite of objections from the accountants' body on some of the changes.

Subscribe to enjoy similar stories. New Delhi: India now ranks among the top 10 countries globally in the number of patents, trademarks and industrial design applications, according to the World Intellectual Property Organization's (WIPO) 2024 report on IP trends. The World Intellectual Property Indicators report underscores India’s rapid progress in the IP landscape.

Subscribe to enjoy similar stories. New Delhi: Sixtythree indebted companies were given a new lease of life in the September quarter – nearly half the number of distressed businesses to avoid liquidation so far this year. The total number of firms saved under the Insolvency and Bankruptcy Code (IBC) this year is 121, official data showed.

Subscribe to enjoy similar stories. Attention-Deficit/Hyperactivity Disorder (ADHD) affects millions worldwide, yet myths surrounding it persist, hindering understanding and stigmatising those who live with the disorder. Contrary to popular belief, ADHD isn’t a behavioural problem but a neurological one and management requires a combination of therapy, medication, lifestyle changes and routines.

Subscribe to enjoy similar stories. NEW DELHI : India’s premium smartphones market witnessed a surprisingly muted festive period as buyers deferred purchases citing lack of innovation, according to retailers and distributors.

Subscribe to enjoy similar stories. New Delhi: The Union government is likely to release ₹50,000 crore to ₹70,000 crore to states as part of its ‘special assistance for capital investment’ scheme in the three months to December (Q3, FY25), to be used for ramping up capital expenditure, two people aware of the matter said.

Subscribe to enjoy similar stories. New Delhi: Getting refund of shares, unclaimed dividends, matured deposits and debentures is likely to get easier for investors and their heirs with the Investor Education and Protection Fund Authority (IEPFA) that manages these assets set to complete its digital transformation over the next few months. IEPFA’s search facility for such financial entitlements of investors and their processing will get more technology support to make the process seamless and the technological transformation is likely to be completed by March 2025, two persons aware of the development said.

Subscribe to enjoy similar stories. NEW DELHI : One of the big stories of the Indian economy has been the sharp increase in personal income tax collections. The personal income tax collection (excluding securities transaction tax) stood at ₹4,52,286 crore in April-August 2024-25, up 25.5% from ₹3,60,381 crore in the year-ago period.

Subscribe to enjoy similar stories. New Delhi: The removal of a central government subsidy will likely make popular electric three-wheelers dearer for the rest of this fiscal, potentially disrupting their sales from manufacturers such as Bajaj Auto, Mahindra Last Mile Mobility and Piaggio, among others. The annual cap for number of subsidised e-three wheelers under the PM E-Drive scheme has almost been reached for this fiscal, and the Centre has decided not to extend the subsidies beyond the cap for FY25.