City New Delhi Financial News
15.07 / 11:41
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Waaree Renewable Technologies gets Rs 90 cr solar project
New Delhi: Waaree Renewable Technologies on Monday said it has received a Rs 90-crore solar power project to be developed on a turnkey basis. The project is scheduled to be completed in ongoing financial year 2024-25, Waaree Renewable Technologies Ltd (WAAREERTL) said in an exchange filing. «WAAREERTL has received a Letter of Award (LOA) for the execution of Engineering, Procurement and Construction works for solar power project of 30 MW DC capacity on turnkey basis,» it said. The order values Rs 90.29 crore excluding taxes, it added.
15.07 / 09:25
Manufacturing
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International
Fire breaks out at multi-story building in Delhi's Mayur Vihar
New Delhi: Early Monday morning, a major fire erupted at a multi-story building situated in Mayur Vihar Phase 2, Delhi. The blaze primarily affected a uniform manufacturing shop and a nearby cafe located close to Neelam Mata Temple. The fire caused significant damage to both establishments, resulting in the destruction of internal belongings. Visuals from the scene depicted extensive damage to the property, with interiors ravaged by the flames.
15.07 / 08:16
COST
Provident
Digital
Platform
Healthcare
hospital
patient
Revolutionizing health insurance: The potential of claims exchange and ABHA ID
NEW DELHI : Insurance approval delays during hospital admissions and discharges have long been a bane for patients, primarily due to fragmented front-end systems and manual intervention at hospitals. Imagine a unified platform where all hospitals, insurance companies, and stakeholders come together to digitize and streamline this process. Enter the National Health Claims Exchange (NHCX), an initiative developed by the National Health Authority (NHA), the Union health ministry, and the Insurance Regulatory and Development Authority of India (Irdai).
14.07 / 16:24
COST
FIVE
Aviat
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International
Pune airport's new airport becomes operational with inaugural flights to Delhi, Bhubaneswar
new terminal of Pune international airport was operationalised on Sunday with passengers boarding flights to New Delhi and Odisha capital Bhubaneswar, an official said. Union Minister of State for Civil Aviation and local MP Murlidhar Mohol handed over the first boarding pass to a flyer to mark the occasion. The new terminal was e-inaugurated along with several other airport projects nationwide by Prime Minister Narendra Modi from an event in Azamgarh in Uttar Pradesh on March 10 this year.
13.07 / 12:35
MET
economy
cricket
Mint Quick Edit | The World Cup is home after 17 years
Indian cricket team members received a grand felicitation on their return from Barbados as they first met Prime Minister Narendra Modi on Thursday in New Delhi and then joined a victory parade in Mumbai where large street-side crowds cheered for the T20 World Cup winners as they passed atop an open bus in a procession. The welcome was fitting, given that this title win is only the second for India and ended a 17-year drought in this format of the game, one that has lasted since India’s win in the inaugural edition of the championship in 2007.
13.07 / 11:48
markets
COST
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Platform
Videos
Satellite operator SES looks to set up India arm; costs for DTH players may fall
NEW DELHI : Luxembourg-based SES, which has a joint venture with Jio Platforms in India, has applied for a satellite-bandwidth-provider licence to set up a local arm, two senior executives with direct knowledge of the development told Mint. The European firm's entry is expected to bring costs down for domestic direct-to-home (DTH) TV players, who have to lease satellite bandwidth through the Indian Space Research Organisation (Isro). The license, being processed by the Indian National Space Promotion and Authorization Centre (In-Space), will allow the firm to offer satellite capacity directly to its DTH and very small aperture terminal (VSAT) satellite broadcasting clients, including Bharti Airtel Ltd and satellite bandwidth service provider Hughes Communications India.
13.07 / 11:36
MET
Cooper
economy
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Trade
European Commission
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Carbon Border Adjustment Mechanism aims for fair trade, global decarbonisation: EU official
Carbon Border Adjustment Mechanism aims to treat imported goods the same as EU-produced goods to help global decarbonisation, the Director-General of the European Commission has said following a visit to India to discuss tax and custom issues. Carbon Border Adjustment Mechanism (CBAM) is the European Union's planned tax on the carbon emitted while making goods imported from countries like India and China. The move has sparked a debate at multilateral forums, including the United Nations climate conferences, as the poorer countries fear such tariffs will harm livelihoods and economic growth. Director-General of the European Commission, Gerassimos Thomas, led a group of officials to New Delhi to discuss tax and customs issues, with a focus on CBAM, on July 1 and 2. He met the Indian government officials and business leaders to explore the manner in which it might affect the Indian industries and explain CBAM's goals and timeline. Thomas welcomed India's plans to decarbonise its economy, underlining the shared commitment to collaborate with India in their decarbonisation efforts, the European Commission said in a statement.
13.07 / 10:59
markets
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Extreme
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Southern
reports
Tomato prices may ease in coming weeks on supplies from Andhra, Karnataka
tomato price, which soared to Rs 75 per kg in the national capital, is expected to cool in the coming weeks as supply improves from southern states, a government official said on Saturday. The official, who spoke on condition of anonymity, said prices of potato and onion, which also spiked due to supply disruptions, are expected to stabilize soon. «Prices of tomato, potato and onion are ruling high in Delhi and some other cities. Extreme heat followed by spells of excess rainfall disrupted supplies, causing a spike in prices in consuming areas,» the consumer affairs ministry official told PTI. Tomato price in New Delhi has surged to Rs 75 per kg, but is likely to ease if heavy rainfall does not further disrupt supply chains, he said.
13.07 / 10:51
UPS
BLOCK
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Latin
India taps Africa, Latin America to shore up critical mineral supply
Latin America to secure critical mineral blocks on a government-to-government basis, Veena Kumari Dermal, joint secretary in the mines ministry, said on Tuesday. Critical minerals like lithium are crucial in driving energy transition as they are essential for clean energy technologies, including wind and electric vehicles. Currently, New Delhi is heavily reliant on imports for its critical mineral supply. «We are having lots of discussions with many resource-rich countries in Africa as well as in Latin America for getting a block on a priority basis or government-to-government basis,» said Dermal.
13.07 / 10:47
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Train drivers draw Rahul Gandhi's attention to 'serious safety issues' in Railways
All India Loco Running Staff Association's South Zone president said Saturday loco drivers handed a memorandum to Leader of the Opposition in the Lok Sabha Rahul Gandhi, blaming poor working conditions for recent train accidents. R Kumaresan, who played a crucial role in organising the interaction between the former Congress president and the loco pilots at the New Delhi railway station on Friday, told PTI that they wanted to bring to Gandhi's attention «serious safety issues» faced by drivers and passengers in the Railways. «Recent accidents, including collisions in Indian Railways, apart from other issues, have brought forth the urgent necessity to resolve the working conditions of loco pilots since it is said that there is human failure,» the association said in the memorandum. Highlighting the plight of train drivers, the note said loco pilots, especially those who drive goods trains, work 14 to 16 hours a day and get to go home after three or four days.
13.07 / 10:23
Election
President
hospital
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Department
LK Advani admitted to hospital again days after being discharged from AIIMS
Lal Krishna Advani was admitted to Apollo Hospital on Wednesday night, according to the PTI sources. This comes just days after the 96-year-old former deputy prime minister was discharged from the All India Institute of Medical Sciences (AIIMS) following a night-long stay. «Advani is stable and under observation,» a hospital source reported. «He has been admitted under Dr. Vinit Suri, a senior consultant in Neurology.» The source added that he was admitted around 9 pm. Details regarding Advani's ailment were not immediately available. He was undergoing treatment in the department of urology.
13.07 / 10:17
UPS
Provident
BLOCK
Discover
electronic
rights
Miners cold to critical minerals prompt govt to rethink licensing
NEW DELHI : The Centre may issue so-called composite licences to find and extract critical minerals, in effort to end the fragmented nature of licensing, and tempt mining giants which passed up the blocks that went on auction last year. Critical mineral auction is currently a two-step process. In the first step, exploration licences are auctioned, and the bidder agreeing to share the lowest amount with a future miner wins the licence.
13.07 / 09:59
Cooper
Waters
security
Remark
War
country
peace
Mint Quick Edit | Modi’s outreach: Austria matters
One aspect of Indian foreign policy under Prime Minister Narendra Modi that has stood out since he first assumed office in 2014 is the outreach he has made to countries New Delhi seemed to have little time for. Modi’s visits to West Asia have been the most remarkable, but his visit to Austria is another good example.
13.07 / 09:28
Aviat
Airlines
Boeing
information
reports
International
cricket
Air India cancels scheduled flight for Indian cricket team charter
Air India cancelled a scheduled flight from the US to India and used the Boeing 777 plane for running a charter to ferry the Indian cricket team back home from Barbados, prompting the civil aviation regulator to seek a response from the Tata Group-owned airline, according to people with knowledge of the matter. A special Air India flight, chartered by the Board of Control for Cricket in India (BCCI), is carrying the T20 World Cup-winning Indian team and support staff from Barbados in the Caribbean to Delhi. The flight took off from Grantley Adams International airport in Bridgetown on Wednesday and was scheduled to land in New Delhi on Thursday at around 6 AM.
13.07 / 05:47
UPS
Manufacturing
Strategy
economy
country
cover
Budget 2024: PM Modi consults economists on all-round growth strategy
NEW DELHI : Prime Minister Narendra Modi on Thursday discussed ways to augment all-round growth with economists ahead of his government’s first post-election budget, two persons close to the discussions said. The discussion was on “ways to accelerate growth and employment across sectors and regions", which covered all the pressing issues facing the economy, said one of the persons on the condition of anonymity. Growth and employment generation top the priority list of the Modi administration as the government faces pressure to create adequate opportunities for the country's large workforce.
13.07 / 04:26
markets
UPS
Target
Trade
Experts
International
Carbon trading regime is yet to kick in, but the voluntary market is buzzing
MUMBAI , NEW DELHI : Mumbai/New Delhi: The market for voluntary carbon trading is picking up in India, even before the planned rollout of an official mechanism to speed up the decarbonization journey. However, an abundance of carbon certificates due to the flurry of renewable energy projects has dampened their prices, experts said. At the heart of this market are international renewable energy certificates (I-REC) accrued by the country’s fast-growing clean energy sector.
13.07 / 03:55
UPS
Celebrity
show
dance
International
cricket
Team India returns home: Rohit Sharma, Hardik Pandya show off goofy dance skills, Virat Kohli keeps smiling | Watch
here.India cricketers have received a rousing welcome home from fans after winning the Twenty20 World Cup final in Barbados.India skipper Rohit Sharma held up the World Cup trophy after arriving at New Delhi International Airport early Thursday morning.Hundreds of supporters were gathered at the airport, many waving the national flag and chanting “India, India."There were thousands more waiting to continue the celebrations, which started Saturday and were about to ramp up.
13.07 / 03:32
COST
UPS
Election
wellness
country
reports
Schools
trumps
UK election: Starmer could yet prove that hard work trumps charisma
Consider a country whose economy has suffered due to years of lower productivity growth than its peers, high inequality and low private investment. To compound its problems, it is not part of dynamic free-trade zones, which would lower its tariffs, push its industry to be more competitive and reduce friction for goods crossing borders. This is the huge to-do-list that Keir Starmer faces as the new Prime Minister of UK, but it is also more or less the challenge that New Delhi confronts.
13.07 / 02:50
FIVE
Platform
security
Mint Primer | SCO Summit: What’s in it for New Delhi?
Mint examines this question and more. The Shanghai Cooperation Organisation (SCO) was formed in 2001. It evolved from an earlier avatar known as the Shanghai Five, comprising Russia, Kazakhstan, Kyrgyzstan, Tajikistan and China.
13.07 / 02:28
MET
Interface
community
President
information
PM Modi to visit Russia on July 8; Putin to host private dinner, confirms MEA
Vinay Kwatra on Friday announced that Prime Minister Modi will arrive in Moscow on Monday (July 8) afternoon, he said, adding that the PM will then join a private dinner hosted by Russian President Vladimir Putin. Adressing a special briefing on PM Modi's visit to Russia and Austria, Kwatra said, PM Modi will pay an official visit to Moscow on July 8-9, at the invitation of the President of the Russian Federation for the 22nd India-Russia Annual Summit." Further, he also said that after PM Modi and Putin's informal meeting in Uzbekistan's Samarkand in 2022, both leaders have stayed in touch on the phone multiple times.
13.07 / 00:28
MET
Remark
President
voice
inclusion
rights
Videos
INDIA bloc will raise voice in Parliament to improve working conditions of loco pilots: Rahul Gandhi
Rahul Gandhi on Sunday flagged the plight of loco pilots and asserted that the INDIA bloc will raise its voice in Parliament to improve their rights and working conditions. Gandhi's remarks on X came as he posted a video of his recent interaction with loco pilots at the New Delhi Railway Station. «In Narendra Modi's government, the train of the life of loco pilots has been completely derailed,» the former Congress chief said. He said loco pilots are forced to work 16 hours a day sitting in cabins boiling with heat.
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