City New Delhi Financial News

UK has appointed Lindy Cameron as its new high commissioner to India. Cameron will succeed incumbent Alex Ellis. «Lindy Cameron CB OBE has been appointed British High Commissioner to the Republic of India in succession to Alex Ellis CMG who will be transferring to another diplomatic service appointment,» a British readout said on Thursday. The readout released by the United Kingdom High Commission in New Delhi said Cameron will take up her appointment this month.

PM Modi bats for peaceful ties with Pakistan, China: 'We need to urgently address...' Additionally, they often act as liaisons between military personnel and the diplomatic community, contributing to overall national security objectives and diplomatic initiatives. As per a report in PTI, New Delhi is assigning a new defense attaché to the small African nation of Djibouti, which holds strategic significance as a major maritime hub connecting the Red Sea and the Gulf of Aden.

NEW DELHI : Climate change will accelerate the intensity and frequency of extreme weather events, India’s top weatherman warned, on the backdrop of the country witnessing a far higher number of intensely heavy rainfall and heatwave days, fewer colder days and increasing thunderstorms in recent times. Specifically, the next three months, which coincide with the general elections, are expected to be particularly bad in terms of heatwaves.

Adani Group plans to set up a think tank that will aid policy thinking in three critical areas — energy transition and climate change, economics and trade, and geopolitics and strategic affairs, according to people familiar with the development, who said the unit might be kicked off as early as May. The think tank will be called Chintan Research Foundation and will be incubated with an initial funding of ₹100 crore. This move pitches the infrastructure conglomerate in direct competition with RIL-backed Observer Research Foundation or ORF, a think tank that took shape in 1990. ORF, based in New Delhi, has emerged in recent years as one of India's most high-profile thinktanks.

India on Wednesday said it is and will remain Colombo's most reliable friend and dependable partner as it underlined that New Delhi was willing to offer modern defence equipment to friendly partner countries like Sri Lanka. Addressing the Second India-Sri Lanka Defence Seminar here, India's High Commissioner to Sri Lanka, Santosh Jha, said that like in other areas, India and Sri Lanka were cooperating closely on security and defence matters. «Because of our geography, our security is interlinked and intertwined. And when we speak of security, we must remember that it has acquired a wider meaning than we have traditionally associated with it,» Jha said and added, after the Covid19 pandemic and impact of Russia-Ukraine conflict, it has come to include energy, health, food and even economic security. The various advanced platforms and equipment developed indigenously in India can also become viable, affordable and modern solutions for the Sri Lankan military, he said.

India and the Maldives may be moving to stabilise their bilateral ties after tensions. Since President Mohamed Muizzu took office last year, the removal of Indian troops from the Maldives has complicated diplomatic relations. But bilateral ties may be settling down.

NEW DELHI : The Eid weekend is here, but there’s no Salman Khan. The absence of this tried-and-tested combo, plus a general fall in audience flow into theatres after covid, have subdued the chances of a blockbuster Eid weekend for both moviegoers and the industry this year.

New Delhi: India and the Czech Republic are in talks to enhance defence cooperation, leveraging the shared utilization of Soviet and Russian-made defense platforms between the two nations. The discussions center on the possibility of Czech defense firms providing maintenance services, spares, and equipment to the Indian Army and Air Force, Eliska Zigova, Czech Republic’s Ambassador to India, said in an interview. “We understand that India has had a lot of cooperation in the past with the Soviet Union’s defense industry.

New Delhi: Only a handful of Indian goods such as mobile phones and drugs witnessed a rise in their annual export value during the first 11 months of FY24 in a year that saw high interest rates globally curb demand and geopolitical tensions hurt international trade. Goods that saw their exports value increase between April 2023 and February 2024 include agricultural produce, drugs and pharmaceuticals, cotton yarn and handloom products, electronic goods, iron ore, ceramic products /glassware and engineering goods, according to the latest commerce ministry data.

New Delhi, Auto components maker Uno Minda on Wednesday said it has commenced construction work on a passenger vehicle alloy-wheel plant in Haryana, entailing an investment of Rs 542 crore. The facility is located at IMT Kharkhoda in Haryana, and it will have a production capacity of 1.2 lakh wheels per month. The plant, with a capital outlay of Rs 542 crore, will be set up in a phased manner over the next five years, with the first phase expected to be commissioned in the second quarter of FY26, Uno Minda said in a statement. Uno Minda secured a land parcel of 94.32 acre at IMT Kharkhoda, Haryana HSIIDC, to fuel its ongoing and future expansions.

Tesla chief Elon Musk will visit India this month to meet Prime Minister Narendra Modi and is expected to make an announcement related to his plans to invest and open a new factory in the country, two sources with direct knowledge said. The billionaire executive will meet Modi in the week of April 22 in New Delhi, and will separately make an announcement about his India plans, said the two sources, who declined to be named as the trip details are confidential. Modi's office and Tesla did not respond to a request for comment. Musk's final India trip agenda could still change.

New Delhi: The Ministry of Road Transport and Highways, in the first 100 of the formation of the next government, could unveil a mega plan for building 50,000 km of new, access-controlled, expressways by 2037 to help reduce logistic costs. The programme is expected to replace the Bharatmala scheme and will sync all future road projects with the government’s Vision 2047 for the sector. Besides, the government is considering satellite- or GPS-based tolling on select stretches by replacing FASTags to do away with wait time at toll plazas, and rolling out a cashless treatment facility for all road accident victims. The first 100 days of the new government will see the ministry laying down short-, medium- and long-term targets across the identified areas as part of the comprehensive development of India’s road transport sector, a senior government official told ET.

New Delhi: The Central Board of Indirect Taxes and Customs (CBIC) chairman Sanjay Agarwal Tuesday have asked field formations to dispose of legacy cases in which there is no dispute. According to the official data cases with tax demand of about Rs 29,000 crore are stuck, some of which are over 10 years. In most of the cases demand was raised but because of missing assesses, inadequate assets and liquidation of assets recovery is not possible.

Manipur parliamentary seat seems to have turned into a bipolar contest between Thounaojam Basanta Kumar Singh of BJP and Angomcha Bimol Akoijam of Congress. The high decibel campaign that this seat witnessed in past elections is missing as the situation remains tense in the northeastern state that has been engulfed by ethnic violence since May last year. In fact, chief minister N Biren Singh recently had to tell his party workers to engage with people and that there is nothing to fear.

NEW DELHI : At a time when the government is trying to tame food inflation, a spike in prices of key winter (Rabi) crops such as gram, paddy and maize is expected to play spoilsport. Agriculture analysts expect these crops to be hit by depleting water reservoir levels, above-normal temperatures and diseases, especially in Karnataka, Andhra Pradesh, Telangana, and Tamil Nadu. However, prices of other rabi crops such as wheat and mustard are not expected to rise.

NEW DELHI : Baku. Khinaliq. Batumi.

NEW DELHI : The ministry of corporate affairs has extended the timeline for consultations on the draft Digital Competition Bill, as well as the report filed by the committee on digital competition law, to 15 May. The Bill and the CDCL report propose a standalone regulation on tackling big tech firms, and the impact of their market might in India.

NEW DELHI : Even as India accelerates towards a greener future with an ambitious target for two-wheeler electrification by 2030, Yamaha Motor India is steering towards a more conservative course. Anticipating a 20% adoption rate for electric scooters by the end of the decade, the local arm of Japan's Yamaha Motor Co.

NEW DELHI : Government is looking at putting an end to the practice of giving extensions on timelines for completion of solar power projects in a bid to achieve its ambitious target of 500 GW non-fossil based power capacity by 2030. In an interview, Bhupinder Singh Bhalla, union secretary for the ministry of new and renewable energy also said that the government has bid out 51 GW of renewable energy capacity in FY24, against the target of 50 GW and added capacity addition would accelerate further from FY26.

RBI) decision to revert to the multiple price method for auctions of sovereign bonds after three years signals confidence on the part of the Centre and its debt manager about New Delhi's fiscal management, with the first such debt sale validating that trust. The multiple price auction method was suspended by the RBI for most debt auctions in July 2021 amid severe market volatility due to sharp increases in government borrowing during the COVID crisis. While the method encourages deeper price discovery for bonds, it can result in higher cost of borrowing for the issuer — the government in this case — when market conditions are adverse.

New Delhi: Taking on opposition parties for making personal attacks against PM Narendra Modi, defence minister Rajnath Singh on Monday said that more the mus they throw, more the lotus will bloom. Speaking at rallies in Tamil Nadu, Singh took on the INDIA bloc, saying that debates on the government's policies are welcome but its intentions cannot be questioned.