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gold demand in 2024 is likely to fall to its lowest in four years as a rally in prices to a record high is seen denting purchases during the peak festival season in the December quarter, the World Gold Council (WGC) said on Wednesday. Gold demand in the world's second-biggest consumer of the precious metal could stand between 700 and 750 metric tons in 2024, the lowest since 2020 and down from last year's 761 tons, Sachin Jain, CEO of WGC's Indian operations, told Reuters. Demand for the precious metal usually spikes towards the end of the year in India, as buying gold for weddings and major festivals such as Diwali and Dussehra is considered auspicious.

Indo-Canadians and Ottawa, this time involving not Prime Minister Justin Trudeau but the Leader of the Opposition, Pierre Poilievre. The office of Canada’s opposition leader has cancelled a Diwali celebration event scheduled to take place at Parliament Hill amid the ongoing diplomatic standoff with India without 'giving any explanation whatsoever', as claimed by the Overseas Friends of India Canada (OFIC). This comes following an going standoff between Ottawa and New Delhi. Canada in mid-October expelled Indian diplomats, linking them to the 2023 murder of Sikh separatist leader Hardeep Singh Nijjar on Canadian soil, post which India also ordered the expulsion of Canadian diplomats.

Subscribe to enjoy similar stories. New Delhi: After companies, it’s now the turn of celebrities and social media influencers to draw censure from the Central Consumer Protection Authority (CCPA). They face fines of up to ₹50 lakh if found promoting alcohol and tobacco through surrogate advertising, said two people directly involved in framing new guidelines on surrogate ads.

dispute settlement body (DSB) has accepted a request from India and Taiwan to further defer the adoption of the ruling against New Delhi’s import duties on certain information and technology products till April 25 next year. This is the fifth time the adoption of the ruling has been deferred. The two were earlier given time until September 19, 2023 then December 18, then April 26, 2024 and then October 31 to resolve the dispute regarding New Delhi’s import duties on certain information and technology products.

Subscribe to enjoy similar stories. New Delhi: What’s in a name? A lot, apparently, if you’re in the venture capital business, as one firm named after the world’s tallest mountain is fast realizing. In 1865, a few years after Andrew Waugh, the then surveyor general of India, proposed that it be named after his predecessor Sir George Everest, the peak was officially named Mount Everest.

Swiggy is increasing its investment in its quick-commerce business, Swiggy Instamart to Rs 1,179 crore, up 20% from Rs 982 crore mentioned in the red herring prospectus filed on Tuesday. The Bengaluru-based company said it plans to invest Rs 755.4 crore to expand its dark store network, with an additional Rs 423.3 crore for lease and licensing payments for these stores or warehouses. Swiggy Instamart has around 557 dark stores as of June 30 and plans to now take it to 741 compared to earlier plan of 538 per the draft red herring prospectus in September.

Subscribe to enjoy similar stories. New Delhi: Amid rising complaints of ineffective enforcement of environmental regulations by State Pollution Control Boards (SPCBs), the Centre is set to introduce stricter criteria for appointing chairpersons to these critical bodies, responsible for enforcing the Water (Prevention and Control of Pollution) Act and the Air (Prevention and Control of Pollution) Act, two officials told Mint. Under the new guidelines by the ministry of environment, forest and climate change (MoEFCC), politicians will no longer be eligible for these critical positions.

Subscribe to enjoy similar stories. NEW DELHI : For Indians, shopping for gold on Dhanteras symbolizes fortune and prosperity. Tradition aside, the yellow metal is also a good long-term investment option.

Indian Prime Minister Narendra Modi and his Spanish counterpart Pedro Sanchez have inaugurated India’s first private military aircraft plant

India with rapt attention and seriousness, and everyone is looking at the country with new hope and discussing the vast possibilities it presents in different fields. Addressing a gathering at Lathi in Amreli district of Gujarat after launching development projects worth Rs 4,800 crore, he said countries that participated in the recent BRICS summit (held in the Russian city of Kazan) expressed their eagerness to join hands with India and become partners in its development journey. German Chancellor Olaf Scholz, during his visit to New Delhi last week, announced that his country will issue visas to 90,000 Indians every year, and it is now up to the country's youth to prepare themselves as per their requirements, said Modi.

Subscribe to enjoy similar stories. NEW DELHI : The festive season brings joy and an inclination to start new things. People love to make new purchases or start fresh investments around Diwali.

Diwali and Chhath Puja festivities, Indian Railways has announced the deployment of over 7,000 special trains, including clone trains, to accommodate the expected surge in passengers. Dilip Kumar, Executive Director of Information & Publicity at the Railway Board, highlighted several measures being introduced by the Railway Ministry to handle the increased demand.

Subscribe to enjoy similar stories. New Delhi: In its horizontal expanse, the history of Delhi engulfs the rise and fall of many empires: from the Indraprastha of the epics to the Rajput kings, the Sultans, the Mughals and the British, to being the nerve centre of the world’s largest democracy. And like its layers of history, Delhi’s seasons were once famed, particularly its harsh winter.

Delhi Police has seized a mobile network jammer from Palika Bazaar in the national capital amid a checking ahead of Diwali, officials on Sunday said. «Our teams are verifying all shops, hotels and other public places ahead of the festive season. During a special check, a team found a suspicious object in a market,» Deputy Commissioner of Police (New Delhi) Devesh Kumar Mahla said. The device, which is acting like a mobile network jamming device, was immediately seized, he said.

Subscribe to enjoy similar stories. New Delhi: Following the Supreme Court's censure, the Union government plans to impose a penalty of up to ₹15 lakh for pollution- and environment-related offences ahead of Diwali and up to a ₹15,000 spot fine for burning crop residue or stubble, according to two officials.

Subscribe to enjoy similar stories. The popular American beauty brand Milk Makeup has entered India, launching exclusively at multi-retailer Sephora. Conceived in Milk Studios, a photography and film studio in the city of New York in 2016, the brand has a a cult following, especially because of its fun packaging and user-friendly formulae.

Sharda Sinha has been hospitalized in New Delhi. The Padma Bhushan awardee, celebrated for her folk music and occasional contributions to Bollywood soundtracks, is currently in the ICU at AIIMS, where her condition is reported to be critical. She has been receiving care there for the past week. News of her health struggles comes just weeks after the passing of her husband, Brajkishore Sinha. According to Navbharat Times, Sharda Sinha was moved to the ICU after her health took a turn for the worse on Saturday morning. Reports suggest that the singer has been struggling to eat and drink in recent days, though the hospital has yet to officially address these rumors. Supporters and admirers are rallying in hope of her recovery, with special prayers being held. News18 Hindi reports that Mahamrityunjay Jaap and other worship rituals are being performed for her health. In Gopalganj, a place close to Sinha’s heart, devotees are gathering at Mahadev Temple and Thawe Maa Bhavani’s court to offer prayers, with local priests and scholars also joining in her well-being wishes. Fans are flooding social media with prayers for her health. Tragically, her husband, Braj Kishore, passed away in September at the age of 80 following a brain hemorrhage. The couple had been married for 54 years.

Mizoram Chief Minister Lalduhoma stated that the Ministry of Road Transport and Highways will award a compensation to two parties claiming same plots of land; so that the construction work of a four-lane highway between Vairengte and Sairang can begin adding that this is the first compensation of such its kind in the history of India. Lalduhoma while talking to media persons said that during his week-long tour of New Delhi, he participated in a review meeting on highways led by the Minister of Road Transport and Highways, Nitin Gadkari. The Chief Minister stated that he later met Gadkari and apprised the Minister that the construction of a four-lane highway between Vairengte and Sairang cannot be started as forest clearance could not be obtained; and added that though the Supreme Court had directed the Chief Secretary to find an alternative solution to the problem, the claim of the land by both the forest department and the land owners has credibility with both parties accurate in their claim.

India’s ambition to double its economy to $7 trillion by 2030 hinges on a broad strategy that includes reforms, infrastructure development, investment in human capital, a focus on innovation, and consistent investment in key growth sectors such as manufacturing, exports, and agriculture. Achieving this target requires collaboration between government, civil society, and the private sector. In this background, Public Affairs Forum of India ( PAFI ) 11th Annual Forum was convened last month in New Delhi with three specific aims: to define required policies, understand crucial partnerships, and identify immediate priorities. The sessions pointed to multiple learnings for advancing India’s ambition for sustainable and inclusive growth. Here are 11 key points that emerged at the Forum.

City Champions Summit, hosted by Josh Talks, on Saturday, 16 innovative startups were celebrated for their groundbreaking work in transforming India’s urban landscapes. The Summit is supported by Omidyar Network India and was held at The Claridges, New Delhi. The event convened the leaders in urban development underscoring the future of sustainable, inclusive cities. This summit culminates a three-month accelerator program which was designed by Josh Talks in partnership with IIM Calcutta Innovation Park with the aim nurture 16 impact startups working across sectors such as climate action, transport, city planning, energy and more. These startups were handpicked through a rigorous evaluation process from over 350 applicants. The City Champions program began in April this year by inviting applications across 8 thematic sectors. The accelerator program kicked-off in late July and included exposure to 16 startups through virtual sessions with industry leaders, 1:1 mentorship from IIM-C experts, access to funders and potential business partners through physical boot camps held across Kolkata, Bengaluru and Delhi.

Subscribe to enjoy similar stories. New Delhi: India is putting in place an ambitious plan to secure access to critical minerals in foreign countries by buying majority stakes in overseas companies, two people aware of the development said.