City New Delhi Financial News

Subscribe to enjoy similar stories. New Delhi: Foreign Direct Investment (FDI) equity inflows in the non-conventional energy sector surged in the first three of months of this financial year, making it the tenth-largest FDI destination of all time, underscoring rising global interest in India’s green energy initiatives.

S Jaishankar and Russia’s first deputy prime minister Denis Manturov will hold a brainstorming session in Delhi on Tuesday to explore sectors for India’s investments including in Far-Eastern Russia and increasing trade to reduce trade deficit, which is currently in Russia’s favour owing to huge oil exports. They will also discuss measures to smoothen the rupee-ruble payment mechanism. While the mechanism is functioning, large volumes of transactions often face delay due to limitations of the transaction mechanism. Also on the agenda is a free trade agreement between India and Eurasian Economic Union, according to people familiar with the matter. Besides, Russia is exploring to invest in India through some of the accumulated rupees, they said. “On November 12, in New Delhi, Denis Manturov jointly with Minister of External Affairs of India Dr Subrahmanyam Jaishankar will hold the 25th session of the Intergovernmental Russian-Indian Commission on Trade, Economic, Scientific, Technical and Cultural Cooperation. As part of his visit, the First Deputy Prime Minister also has a number of bilateral meetings planned,” said a statement issued by the Russian Embassy in India.

Subscribe to enjoy similar stories. New Delhi: India plans to leverage its climate commitments to pitch for grants and concessional loans, instead of investments for the Global South, at the upcoming climate negotiations in Baku, two people aware of the matter said. This comes on the backdrop of the global loss and damage fund agreed upon at the Egypt accord and operationalised at COP28 failing to gain traction.

National Stock Exchange (NSE) on Friday said it wants to launch its IPO, which could beat Hyundai's record of largest public issue, not for price discovery of its shares but for the sake of transparency and accountability. “The IPO will increase transparency and accountability. We are valued at around Rs 4.75 lakh crore in the unlisted market and as India's largest exchange we should be accountable to the market," Sriram Krishnan, Chief Business Development Officer, NSE, told reporters in New Delhi on Friday.

China’s per capita income is now more than double India’s, when their currencies are adjusted for their true purchasing power. What’s behind the divergence?

Subscribe to enjoy similar stories. MUMBAI , NEW DELHI : A muted job market does not mean employers have it easy. The talent supply gap, candidates testing the market, a high dropout rate, and push for cost efficiency are forcing companies to take time to close their permanent hiring mandates.

global capability centres in India with the USA following President-elect Donald Trump's formal inauguration on January 20, 2025 in the spirit of 'Make in India-Make for the World'.

Subscribe to enjoy similar stories. New Delhi: Homegrown automaker Mahindra and Mahindra Ltd (M&M) has raised its forecast for tractor sales for the industry, anticipating strong growth fuelled by rising rural demand as government spending in the rural and agricultural regions goes up. The company now expects tractor industry sales to grow by 13-14% in the second half of the year, adjusting its full-year projection to 6-6.8%, up from an earlier estimate of 5%, a top company official said during its second quarter earnings press conference on Thursday.

Subscribe to enjoy similar stories. New Delhi: State-run railway engineering and consulting company RITES Ltd proposes to expand its global footprint, targeting exports of Indian Railways’ underutilized and surplus diesel locos to over a dozen countries in Africa.

IHCL will also take over the management of landmark hotel The Claridges, New Delhi in April 2025 under a hotel operating agreement, MD and CEO Puneet Chhatwal said in a statement.

Beats x Kim collection gives two well-known Beats products a chic makeover, bringing Kardashian’s signature neutral palette to the design. The Beats Studio Pro headphones are now available in three distinctive shades: Moon, Dune, and Earth.

Amazon and Flipkart, majority-owned by Walmart, as part of an investigation into alleged violations of foreign investment rules by the e-commerce companies, two government sources said on Thursday. The searches by the Enforcement Directorate (ED) came weeks after Reuters reported India's antitrust body had found the two companies and their sellers violated competition laws by giving preference to select sellers on their platforms. Both companies have maintained they comply with Indian laws.

Subscribe to enjoy similar stories. NEW DELHI : Finance minister Nirmala Sitharaman is set to consult state finance ministers on the FY26 Union Budget following Parliament’s winter session, which concludes on 20 December. Her focus: strategies to drive job creation and economic growth amid signs of easing urban consumption.

Donald Trump heading back to the White House than Indian Prime Minister Narendra Modi.

Subscribe to enjoy similar stories. At Ojas Art, New Delhi, an Untitled work by Bristol-based artist Jethro Buck catches the eye. Through one canvas, he has brought the past and present of miniature painting together.

Subscribe to enjoy similar stories. NEW DELHI : Former US president Donald Trump looks set to return to the White House, having secured 267 electoral votes, according to the Associated Press. The Republicans have also won a majority in the Senate.

Subscribe to enjoy similar stories. NEW DELHI : With Donald Trump, the Republican nominee and former US president, leading the US presidential race, India's trade ties with the country—one of the few with which India has a merchandise trade surplus—are likely set for a paradigm shift.

Subscribe to enjoy similar stories. New Delhi: Semiconductor design company Tessolve, owned by Hero Electronix, has acquired Germany's Dream Chip Technologies for ₹400 crore, in a deal that would enable the Bengaluru-based technology firm design more complex processors and give it a competitive edge. The deal strengthens Tessolve's design capabilities, besides giving it a much better access to European markets.