City New Delhi Financial News

Visa is focusing on leading the digital economy with more women entrepreneurs, said Kelly Mahon Tullier, Vice Chair and Chair People and Corporate Affairs Officer at Visa. She was speaking at the Economic Times World Leader Forum being held in New Delhi on Saturday. «The purpose of Visa (company) is to uplift the world by engaging them in the digital economy...Visa is so much more than a credit card,» she said in the session called The New Paradigm of Payments, chaired by Arijit Barman, Associate Editor, The Economic Times. Tullier also spoke on Visa's work with uplifting women in India in collaboration with United Way of Mumbai.

ET WLF: At the ET World Leaders Forum event in New Delhi on August 31, a session headlined «The India opportunity: Empowering a billion dreams» generated high interest owing to the issues discussed and the quality of the conversation. The esteemed participants of the session were Gautam Hari Singhania, Chairman & Managing Director, Raymond Limited; Rohit Jawa, President, Unilever, South Asia & CEO & Managing Director, Hindustan Unilever Limited (HUL); Preetha Reddy, Executive Vice Chairperson, Apollo Hospitals; and William Bissell, Managing Director, Fabindia. Preetha Reddy explained how keeping people out of the hospitals and keeping them healthy has become THE mandate.

Ministry of External Affairs (MEA) of India refuted allegations from a CNN report that suggested India's involvement in the recent flood situation in Bangladesh. MEA spokesperson Randhir Jaiswal criticized the report, calling its narrative «misleading» and «factually not correct.» The MEA maintained that excessive rainfall, rather than any actions taken by India, was responsible for the flooding. «We have seen the CNN report on the flood situation in Bangladesh. Its narrative is misleading and suggests that India is somehow responsible for the floods. This is factually not correct and ignores the facts mentioned in the press releases issued by the Government of India clarifying the situation,» Jaiswal said. Jaiswal also criticized the CNN report for ignoring the existing communication between India and Bangladesh regarding water resources management.

West Bengal CM Mamata Banerjee made on Wednesday and issues related to RG Kar Medical College & Hospital. Later, Bose left for New Delhi. «We have demanded imposition of President's Rule in Bengal,» Sukanta Majumdar told ET. BJP also started a seven-day dharna on the RG Kar issue after the Calcutta High Court granted them permission on Wednesday. Congress, led by WBPCC president Adhir Ranjan Chowdhury also hit the streets and organised a rally from College Square to Shyam Bazar. Several other rallies have been called in Kolkata by women protesters and citizens.

Mumbai has become the 'billionaire capital' of Asia as it now comprises of more billionaire individuals than China's cpital city of Beijing, according to the Hurun India rich list 2024. «Home to 25% of the list – Mumbai is not only the billionaire capital of Asia, overtaking Beijing but also the preferred city for Hurun India Rich Listers, followed by New Delhi and Hyderabad,» the Hurun list data stated. Beyond this, Mumbai also registered a net increase of 58 billionaire individuals, adding to its growth momentum, the Hurun data revealed. This was followed by New Delhi, which added 18 new billionaires.

New Delhi: The Bharatiya Antariksha Station (BAS), India’s own space station currently at its final approval and engineering stages, is now a top priority for the Department of Space (DoS), according to two senior officials. With a launch date of 2028 and operational target of 2035 set by the government, the space station can give India global leverage as the International Space Station seems set to be decommissioned by the end of 2030.

New Delhi: The government plans to launch a dedicated portal for land acquisition for coal mining, said two people aware of the development, citing the biggest pain point in India’s push for the fossil fuel. The coal ministry portal will digitize records in the land acquisition process, including approvals for acquisitions and disbursal of compensation to the displaced. "The land acquisition process will be completely digitized now with the 'Coal Land Acquisition and Management Portal, CLAMP'.

NEW DELHI: The Union Budget 2024-24, presented on 23 July in Parliament, streamlined taxation of most financial assets—but not real estate. Taxation rules for real estate are still the most complex among all financial assets.

Issue Dates: August 28-30 Issue Price: ₹318-334 per share Issue Size: Upto Rs 601 crore <div data-placem

Pop star Dua Lipa, who is set to headline the second edition of the Zomato Feeding India Concert in November, says she is looking forward to returning to the country after she rang in the new year here. The Grammy winner, known for songs such as «Levitating», «Houdini», and «Dance The Night», shared a post on Instagram expressing her excitement for the upcoming show. «India, I'm coming back!!! My trip at the start of this year was a beautiful reminder of how much I love this place. »The warmth and energy I felt from everyone I met there was amazing, and I can't wait to see you again to perform in November!!!!" Lipa wrote on Saturday alongside a series of pictures from her previous India visit and the announcement poster of the concert.

Volodymyr Zelenskyy's comments on India's crude oil trade with Russia may not have been in the right spirit, coming hours after his meeting with Prime Minister Narendra Modi in Kyiv during which New Delhi explained the market rationale for oil imports given its substantial requirements. Emphasising on India's «global influence», Zelenskyy suggested that India can help end Moscow's war in Ukraine by halting the oil trade that significantly funds the Russian military. «You can stop Vladimir Putin and halt his economy, and put him really in his place,» Zelenskyy told members of the Indian media on Friday night in Kyiv, referring to his meeting with Modi earlier in the day.

Zelenskyy on Friday said India supported his country's national sovereignty and territorial integrity, underlining that New Delhi's support was «critical» because everyone in the world must equally respect the UN Charter. «Today, history was made. The Prime Minister of India @narendramodi made his first visit to Ukraine since our country's independence, on the eve of our Independence Day,» Zelenskyy posted on X after holding talks with Modi. Modi arrived in Kyiv this morning on a special train on the first-ever visit to Ukraine by an Indian prime minister after it became independent in 1991. Zelenskyy noted that four documents between Ukraine and India, covering the medical field, agricultural cooperation, humanitarian relations, and culture, were signed.

NEW DELHI : Danish drug manufacturer Novo Nordisk plans to scale up its operations in India by expanding its collaborations with its existing partners, said John Dawber, corporate vice-president and managing director for Global Business Services (GBS) at Novo Nordisk. Despite facing a significant shortage of its famous and in-demand diabetes and weight-loss drugs globally, collaborations, Dawber told Mint, will be the extent of Novo’s operations in India as it already has “strategic production sites across the globe for manufacturing". “The Indian set-up is the crown jewel of Novo Nordisk.

tax disputes with major companies including Infosys Ltd. and foreign airlines, people familiar with the matter said, suggesting New Delhi is open to making accommodations to avoid hurting investor sentiment in the South Asian nation. Authorities are exploring options to settle with companies including Infosys, which last month got hit by a demand for 324.03 billion rupees ($3.9 billion) in back taxes dating back to 2017, the people said. Authorities at the time cited non-payment of taxes on expenses incurred by overseas offices of the company, which provides IT services to banks and other multinational corporations from the US to Europe. Also Read: Infosys accused of Rs 32,000-crore GST evasion: Here are 10 things to know

NEW DELHI : India's economic boom has opened up a lucrative new playground: the legal profession. The surge in corporate activity, fuelled by an accelerating economy and a burgeoning middle class, has created a voracious appetite for legal services. This, in turn, has sparked fierce competition among top-tier law firms to recruit law graduates.

New Delhi: The Drugs Controller General of India (DCGI) is considering issuing and renewing licences only to those pharmaceutical firms that can prove they follow good manufacturing practices. The move—the first such—assumes significance given the growing size of the Indian pharmaceutical industry, currently at $65 billion, and the crisis of confidence faced by it. Good Manufacturing Practices, or GMP, prescribed in Schedule M of the Drugs and Cosmetics Rules, 1945, set the standards for pharma companies on the quality of raw materials, methods, machines, processes, personnel, facility and environment, among other things.

NEW DELHI : Sinch AB, a Swedish communications platform service provider, will enable rich communication services (RCS) messaging to users of major Indian telecom companies. After partnering with Vodafone Idea Ltd and Reliance Jio Infocomm Ltd, Sinch has now onboarded Bharti Airtel Ltd as well. Global chief executive Laurinda Pang told Mint in an exclusive interaction that Apple enabling RCS on iPhones has opened up an opportunity for the technology in markets like the US and Europe.

The leaders of India and Malaysia say they will seek to expand economic ties and strengthen cooperation on defense and security

Noel Tata, Chairman of the CII Africa Committee and Chairman of TATA International Ltd. emphasized the growing need for innovative financial strategies to overcome challenges in India-Africa trade at the 19th edition of the CII India-Africa Business Conclave in New Delhi. He particularly highlighted the concept of Rupee trade as a potential solution, stating, «To address these challenges, we are exploring the concept of Rupee trade.» Tata underlined the importance of building mutual trust between financial institutions in India and Africa, stressing that this would pave the way for broader private-sector participation.

New Delhi: An innocuous piece of India's audit rules has come under scrutiny, after several alleged audit lapses that paved the road to spectacular business bust-ups were traced back to it. However, fixing it could be tricky, audit industry executives said. When a company raises money from the public and transfers it to a subsidiary, and further to the company's promoters, the diversion may go unnoticed in audits.

Black Myth: Wukong is a game set to release on August 20, 2024, for PlayStation and PC. The game, based on the classic novel 'Journey to the West,' has faced some delays for Xbox players. This story covers the release date, time and platform details for the upcoming game.