City New Delhi Financial News

10.05 / 14:19
Provident Aviat students country AAI launches 'Pradipti' internship program to foster interest in civil aviation among youth
Airports Authority of India (AAI) launched an internship program, 'Pradipti,' on Friday. The formal launch event was organized at the Indian Aviation Academy in New Delhi, as per an official release. The event took place in the presence of AAI Chairman Sanjeev Kumar and board members of AAI. According to the release, this internship program aims to facilitate learning the practical aspects of Airport Infrastructure, Operations, and Air Navigation Services and generate interest in Civil Aviation among youth by reaching out to educational institutes in the vicinity of airports.
10.05 / 12:57
UPS security Election Trade love SOLIDARITY Updates Lok Sabha Elections 2024: Retailers' body FRAI supports BJP's Chandni Chowk candidate Praveen Khandelwal
Bharatiya Janata Party’s candidate from Chandni Chowk Lok Sabha seat. With a membership of 42 retail associations, FRAI organised an event in New Delhi to support Praveen Khandelwal on May 10. The FRAI representatives said that they want Khandelwal to highlight the interests of retailers in the Parliament.
10.05 / 09:39
Provident FIVE awards Profiles ReNew signs 2.2 GW of clean energy deals
NEW DELHI : Nasdaq-listed ReNew Energy Global Plc. has signed five deals to sell 2.2 GW of renewable energy capacity to state-owned entities, significantly expanding its fully contracted renewable energy portfolio. Of these deals, three solar power purchase agreements (PPAs) totalling 800 MW were signed with NTPC Ltd, Damodar Valley Corp (DVC), and Solar Energy Corp of India Ltd.
10.05 / 05:51
Cooper Mobile Election country Saturday bank holiday: Are banks closed on Saturday, May 11, 2024?
Yes, as this Saturday is the second Saturday of May, banks will be closed on May 11. Though it’s a bank holiday, customers can carry out many financial and non-financial transactions through mobile banking and net banking services. May Bank holidays 2024 The Reserve Bank of India (RBI) notifies bank holidays in three categories: the Negotiable Instruments Act Holiday, the Real Time Gross Settlement Holiday, and bank account closures. All banks in the nation, including public, private, foreign, cooperative, and regional banks, will be closed on the stated holidays. <div data-placement=«Mid Article Thumbnails» data-target_t
10.05 / 02:53
Citi WhatsApp Celebrity Akshaya Tritiya 2024: When is the best time to buy gold in my city? Check city-wise shubh muhurat
Akshaya Tritiya, also known as Akti or Akha Teej, is an Indian festival celebrated on the third lunar day (tithi) of the bright half (Shukla Paksha) of the month of Vaisakha. The term 'Akshaya' translates to 'never diminishing', and it is believed that buying gold on this day ensures unending wealth. Best Time to Buy Gold on Akshaya Tritiya 2024 Gold holds significant value in Indian culture, symbolizing wealth and purity. Purchasing gold on Akshaya Tritiya is considered auspicious and is believed to bring blessings and symbolize boundless prosperity. The best time to buy gold on Akshaya Tritiya in 2024 is from May 10, 2024, at 05:33 AM to May 11, 2024, at 02:50 AM.
10.05 / 02:33
Provident Aware Action Analysis Trade Department rights Centre now plans to rein in direct selling industry, tighten regulations
NEW DELHI : The multi-billion-dollar direct selling industry has now come in the crosshairs of the central government, with the department of consumer affairs (DoCA) planning to scrutinize their regulatory compliances and prepare a list of rule violators, three people aware of the matter said. Several measures are also being put in place to increase vigilance against violation of direct selling rules and other unscrupulous practices by the fast-growing industry, the people added.
10.05 / 02:33
Provident MET Research President country Relationships Indian military exits from Maldives at President Mohamed Muizzu's request
Maldives anti-India stance: It shouldn't have been done, says FM Moosa Zameer The foreign ministers of India and Maldives met in New Delhi on Thursday. Indian External Affairs Minister Subrahmanyam Jaishankar told his Maldives counterpart, Moosa Zameer, that India has been a key provider of development assistance, including infrastructure projects, medical care, and health facilities. "It is in our common interest that we reach an understanding on how best we can take our relationship forward," a statement by India's External Affairs Ministry quoted Jaishankar as saying.
10.05 / 02:11
Digital wellness Trade Celebrity country Relationships peace India-European Union relationship consequential for world also: EAM Jaishankar
European Union as «consequential for the world as well,» External Affairs Minister S Jaishankar said the EU is not only «our largest economic partner,» but the ties run «very deep, spanning many domains.» Extending felications to EU's Ambassador to India, Herve Delphin, Jaishankar said, «I think today the relationship between India and the European Union is not only consequential for each one of us but also for the world as well. The EU is our largest economic partner, but it is more than that.» «It is an entity with which we have, really, a very deep relationship spanning many domains...not just in the relationship between New Delhi and Brussels but in the regional and sub-regional formats in which we engage each other and in a range of institutions that we both are members of and where we collaborate with each other. And of course, an important element of that is economic relationship,» Jaishankar said in his address at the Europe Day Celebrations here in New Delhi.
10.05 / 02:11
Citi Election President audience Relationships mountaineering US Ambassador Garcetti dismisses concerns about democracy in India
Biden administration's top diplomat in New Delhi on Thursday dismissed concerns being raised in certain quarters about democracy in India and observed that in many ways Indians are better than the Americans. At an event organised here by the Council on Foreign Relations, a top American think-tank, US Ambassador to India Eric Garcetti told the audience he was confident that «10 years from now India is going to be a vibrant democracy as it is today in terms of free and fair elections». «Again there's things that probably are worse and there's things that are better. They have a law, you can't go more than two kilometers to vote. So there''ll be one guy who lives in the mountains as a monk (at) someplace. They will walk for two days to bring the voting machine, execute the vote,» he said, responding to a question expressing concerns over the status of democracy in India.
09.05 / 18:57
MET WhatsApp reports India woos Bangladesh on Teesta amid China push
India has expressed interest in financing Bangladesh's Teesta economic zone project amid reports that China is also keen to finance the venture. India's interest in a dredging and development project, which envisions to turn the Teesta river belt into a zone of economic activity, was expressed when foreign secretary Vinay Kwatra met Bangladesh Prime Minister Sheikh Hasina, foreign minister Hasan Mahmud and his counterpart Masud Momen in Dhaka. «You know we have taken on a big project on Teesta. India wants to finance this project. It will have to be implemented in line with our needs. We want to see our needs fulfilled,» Mahmud told reporters after his meeting with Kwatra on Thursday. Teesta is a major transboundary river between India and Bangladesh.
09.05 / 16:37
markets UPS Provident Digital CEO Platform Mobile Route Mobile to become $1 billion business: Proximus Group CEO
NEW DELHI : Belgium-based Proximus Group, which has acquired a majority stake in communication platform as a service, or C-PaaS, firm Route Mobile, intends to double the group's revenues to $3 billion in 3-4 years, on the back of synergies from the new acquisition, chief executive officer Guillaume Boutin told Mint in an exclusive interaction. Boutin has kept a goal of attaining 15% margin on the revenue target, even as he pegged India to become among the key contributors to the group's growth where Route Mobile alone is expected to generate $1 billion in revenues.
09.05 / 13:49
COST UPS wellness performer reports guidelines RBI’s infra financing guidelines no cause for panic, says PNB after record fourth quarter
NEW DELHI : State-run lender Punjab National Bank plans to seek clarification from the central bank on whether its draft guidelines proposing higher provisioning for infrastructure financing would be applicable for small loans as well. “There is no need to panic," said PNB managing director and chief executive Atul Kumar Goel while presenting the bank’s results for the March quarter and the 2023-24 financial year.
09.05 / 10:59
UPS Reuters Research country cover social India considers incentives for lithium processing
India is considering offering incentives to encourage private companies to set up lithium processing facilities, as New Delhi tries to develop its nascent lithium mining and boost supplies of the EV battery metal, three government sources said. It would offer incentives to companies to set up lithium processing plants under a new critical minerals policy that was being worked out by the mines ministry, the sources said. «The critical minerals policy will be comprehensive and will cover all aspects from exploration to mining to value addition,» one of the sources said. «It will also cover incentives for beneficiation and refining within the country,» the source said. The sources, however, said it was a little early to know the exact form of incentives the government would offer, but New Delhi would try to take a cue from countries such as Australia and Canada. Responding to Reuters queries, the Ministry of Mines said the government was taking various steps to ensure the availability of critical minerals for the downstream industry. It did not elaborate.
09.05 / 09:49
Election film Trade Experts Universities audience reports After boxoffice duds, jingoism runs into a new hurdle: the censor board
NEW DELHI : If the makers of The Sabarmati Report, Jahangir National University, and Hum Do Hamare Baarah were hoping to ride the pre-election fervour, they were in for a disappointment. Not because of the boxoffice failures that have befallen other recent so-called nationalist movies, but because of delays by the censor board.
09.05 / 08:07
Provident Manufacturing Sustainability Trade electronic blues reports India’s merchandise exports to grow by 12.3% in June quarter: Exim Bank
NEW DELHI : The Export-Import Bank of India has predicted that India's total merchandise exports will reach $116.7 billion in the ongoing first financial quarter, growing 12.3% year-on-year on strong economic fundamentals and sustained manufacturing and services activity. The Exim Bank also projected non-oil exports to grow by 10.7% to reach $93.9 billion in the first quarter. Exim Bank's report underscored that an anticipated global easing of monetary tightening is expected to enhance global demand, which would provide further support to India's export growth.
09.05 / 08:07
markets Target Reuters Election trends reports International Titan anticipates stronger gold jewellery demand in H2FY25
NEW DELHI : Rising gold prices and a series of other factors are set to challenge India's gold jewellery market in the first quarter of the current fiscal year. Demand for the precious metal is expected to be subdued due to price volatility, fewer auspicious wedding dates, and the backdrop of elections in the world's largest democracy. Despite these headwinds, Tata-backed Titan Company Ltd, which houses one of India's top jewellery brands, Tanishq, remains optimistic about the latter half of the year.
09.05 / 06:37
markets UPS Aware security Trade Russian exporters ramp up spending from Vostro accounts
to below $4 billion in the last six to eight months, two people aware of the matter said. The spending from the account covered payments for Indian imports, purchase of securities, and other acquisitions, including defense equipment and armaments, the persons said said. "It is difficult to say the exact amount in the Vostro accounts since some transactions are very complex.
09.05 / 06:37
markets UPS Citi pandemic trends beautiful reports Nevermind the ghost malls. Indian retailers set to step up hiring this year
NEW DELHI : More than half of Indian retailers (52%) are planning to onboard fresh graduates this year, while two out of five (38%) retailers are seeking to recruit experienced professionals, according to a report by staffing and recruitment firm GI Group. In 2023, the retail industry experienced an 8% rise in job applications, while demand surged by 18%, indicating a strong interest in retail hiring. This was driven by retailers continuing their expansion across tier-1 and tier-2 cities.
09.05 / 00:47
economy Election Trade President stage country Interviews Rupee trade pacts priority, many in final stages: Amit Shah
Gandhinagar | New Delhi: India is in the «final stages» of negotiations with many countries to work out the modalities of settling trade in Indian rupees, Union home minister Amit Shah told ET in an exclusive interview, adding that this will be a major priority of the new government. «Matters have been put on hold due to elections but let me tell you we are in the final stages in our negotiations with many countries. This will be a priority for us in days to come,» he said in a detailed interview on board his flight back to Delhi from his constituency Gandhinagar, which went to the polls on Tuesday. On US President Joe Biden's remark that countries such as India, China, Russia and Japan were losing out on economic growth because of xenophobia, Shah said he had not seen Biden's comments in detail but pointed to India's growth trajectory over the past decade as evidence of its rising economic profile.
08.05 / 19:49
UPS Remark social Videos Investigations PM Modi is attacking his friends after 3 phases' completion, says Mallikarjun Kharge
New Delhi: Congress circles were in a state of mixed emotions — amusement, bewilderment and suspicion — after the PM on Wednesday accused the main Opposition party of hoarding black money from Ambani and Adani to stop all attacks on the industrialists and asked Rahul Gandhi what was the deal. Congress leadership hit back by saying that the two industrialists were the PM's favourites and Gandhi challenged the PM to order a probe into his charge. But the party also felt compelled to guard against any kind of confusion Modi's remarks were creating among voters. It made it a point to enumerate the number of verbal attacks Gandhi had made on the two industrialists even as Congress social media handle put up a collage of video clippings of Gandhi's criticism of the two industrialists. After PM's charge Rahul Gandhi dared him to hold an ED/CBI probe. «Are you (Modi) nervous? Normally, you (Modi) take the name of Ambani-Adani behind closed doors. You took their names in public for the first time. You also know that Adani-Ambani sends money in tempo? Is this your personal experience?..Do one thing, send CBI, ED to them. Get a thorough investigation done, don't panic,» Gandhi said in a video clip.
08.05 / 16:09
markets FIVE Aviat Airlines information reports International Air India Express cuts daily flights as mass sick leave hits operations
NEW DELHI : Air India Express will reduce its flight network by 20% over the next few days to stabilize operations after a section of cabin crew went on mass sick leave, causing significant disruptions. The mass leave is believed to be a result of grievances related to the ongoing merger with AIX Connect, formerly AirAsia India. “If there are concerns that need to be addressed, the company leadership is available for any discussions.

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