Country Financial News

DLF, the country's largest real estate developer, is in discussions with Bharti Realty to acquire under-construction phases of Aerocity in Delhi with a total development potential of 17 million sq ft, according to three sources familiar with the matter. About 5 million sq ft of the total portfolio will be retail, and once completed, the project is expected to generate an annual rental income of ₹5,000 crore. The first phase of Aerocity was also developed by Bharti, but later Canada's Brookfield Asset Management acquired a 51% controlling stake in Rostrum Realty, a real estate joint venture company in which Sunil Mittal-led Bharti Enterprises holds the remaining 49%. «GMR has the lease for the entire area until 2066, and when the bid was invited for the first time, DLF participated, but it was awarded to Bharti. It has again initiated the process to acquire the asset to further strengthen its rental portfolio,» said one person familiar with the matter.

N Biren Singh announced on the floor of the legislative assembly that the state government will consult and take appropriate steps for the implementation of The Manipur Hill Areas (Acquisition of Chiefs' Rights) Act, 1967. Passed in 1967, the act is yet to be implemented, thus enabling the chieftains to continue establishing villages as per their hereditary practices. Elaborating on the same, BJP legislator Rajkumar Imo Singh said, «A very important statement by the CM that the state government will consult and take appropriate steps for the implementation of The Manipur Hill Areas (Acquisition of Chiefs' Rights) Act 1967. This Act was passed by the Assembly on Jan 10, 1967 to abolish the hereditary chieftainship. The President of India gave assent to the Bill on 14th June 1967. One can see the exponential growth of villages in these places. Manipur is the only state where this act isn't implemented. Even a state like Mizoram had implemented a similar act for abolishing chieftainship way back in 1954 when it was a part of Assam.»

medical device maker Medtronic, which gave the world the first battery-powered pacemaker seven decades ago, is betting big on India. Geoff Martha, its chairman and CEO, told Viswanath Pilla in an interview that Medtronic's next phase of growth in the country will involve evaluating possibilities of redesigning products to make them more affordable for patients, sourcing components locally, and manufacturing in India. Edited excerpts: How are you planning to achieve Medtronic's goal of reaching 1 billion patients every year? We reach two patients every second and we're very proud of it. But 80 million people is a fraction of the world's population… With these digital technologies coming in, I think that'll allow us to access so many more patients. Because it's going to personalise these therapies, lower the cost. So that's the aspiration that we need to map our strategy to get to 1 billion a year.

Elon Musk's stark warnings, has thrust President Joe Biden's immigration policies into the spotlight. Musk alleges a perilous strategy, likening it to «importing voters» and raising concerns about national security that could surpass the impact of 9/11.

NDTV, the person speaking in the video is Gagandeep Singh. He says that they had left for Russia on December 27. They had a valid visa to stay in the country for 90 days.

MUMBAI : When office commute platform MoveInSync decided to raise $15 million in January, it received term sheets from prospective investors within a week of launching the deal. Though such rapid response is still rare, many investors said deal activity has begun to pick up pace, signalling the approaching end to an agonizing funding winter. While funding in the very early stages continued in the past two years, growth-stage funding had slowed to a crawl.

HETTA, Finland (Reuters) — In the snows of Finland, Swedish and Finnish soldiers take part in NATO's biggest exercise since the end of the Cold War, intended to test the military alliance's ability to reinforce places such as the Nordic far north.

₹41 lakh, going up to ₹53 lakh ex-showroom for an all-wheel drive variant. The Seal has a range of up to 650 km for its top-end rear-wheel drive model.

New Delhi: The plan to restructure Sri Lanka’s debt could be completed by June, two people aware of the matter said, as the island-nation prepared to reach an agreement with its creditors in the coming months. "We expect that the agreements will be finalized around June, which will help settle the debt restructuring process with Sri Lanka," said one of the officials mentioned above, requesting anonymity. In May 2022, India's southern neighbour defaulted on its overseas debt after its worst financial crisis since independence in 1948 emptied out foreign exchange reserves.

power ministry has asked domestic coal-based thermal power plants to continue blending six per cent of imported coal until June 2024 amid the projection of an all-time high peak power demand of 250 GW in summer. In a direction issued in October 2023, the power ministry had asked all thermal power plants to continue blending imported coal in view of supply issues and rising demand for electricity till March 2024 and also increase the blending proportion of imported coal from four per cent to six per cent in domestic fuel. In a similar direction issued to power plants on Monday, the ministry noted that the peak power demand is likely to touch 250 GW in the summer season (April to June 2024). The ministry has also observed that despite the increase in the loading of domestic coal rakes, the supplies of dry fuel will remain constrained due to various logistics issues associated with the railway network.

Chancellor Jeremy Hunt is reportedly lining up a set of pre-election giveaways on Wednesday (6 March), including cutting national insurance by 2p, and is expected to unveil proposals for a historic bond issuance, excluding Bank of England transactions, for the fiscal year beginning in April.  However, the Chancellor is also having to balance his tax cut ambitions with bond investor worries about the public finances. According to Reuters, prices of UK gilts have already fallen more than that of other countries, and there are substantial amounts of debt slated to enter the market. Fisca...

Rajnath Singh on Tuesday witnessed the combat prowess of aircraft carriers INS Vikrant and INS Vikramaditya in a «twin-carrier» operation in the Arabian Sea and addressed the top naval commanders on the evolving maritime security scenario in view of geo-political upheavals. The inaugural session of the three-day naval commanders conference saw Singh embarking at sea to witness the Navy's ability to conduct operations deploying both the aircraft carriers. In his address to the commanders, Singh highlighted the Navy's important role in maritime security and maintaining India's sovereignty and urged the commanders to remain prepared to deal with all kinds of challenges while assuring the government's all-possible support. «If India's reputation has increased in the Indian Ocean Region and wider Indo-Pacific, it is due to the bravery and promptness of our Navy,» he said.

Jaishankar on Tuesday said strong alliances do not enhance a country's global standing while, on the contrary, India had a favourable result from loose or issue-based alliances. «Today, we see India in many ways as playing a useful role as a kind of bridging country which can contribute and address problems. And I think unfortunately the state of the world requires such services,» the minister said in response to a question following his address to the Korea National Diplomatic Academy here. Jaishankar's address was a part of the first leg of his four-day visit to South Korea and Japan. «I don't agree that strong alliances enhance global standing and lose alliances detract. At the beginning of our presidency of the G20, people were worried whether we would be able to get an agreement at the end of it and we had two problems — the Ukraine conflict and the issue of development. A lot of Global South had concerns. We have different ties to one group, I think it would have been difficult to get the G20 to come around had it not been such a case,» the minister said.

In a remarkable achievement, Army Hospital (R&R), Delhi Cantt, executed a non-surgical life-saving paediatric cardiac intervention on an eight-year-old child, setting a rare precedent in medical excellence. The paediatric cardiology team of the Armed Forces Medical Services (AFMS) demonstrated exceptional proficiency by successfully conducting a high-risk transcatheter cardiac procedure at the hospital.

The Maharashtra government on Tuesday moved the Supreme Court against the decision of the Bombay High Court acquitting former Delhi University professor GN Saibabab and five others in a case of alleged links to Maoists.

New Delhi: The government plans to shift to a new method of calculating the length of highways to “better capture" the actual work on this key infrastructure, two persons aware of the plan said. The traditional linear method of calculating the length of highway, used now, will be junked in favour of measuring lane-kilometres. This would mean that a four-lane highway of 1 km each will be considered a four-km road.

₹400,000 in India for the first year of treatment, and ₹200,000 for subsequent years due to lesser dosage requirements. In the US, it is listed at $2,190, subject to insurance coverage variations. "…(R)etinal conditions are often diagnosed late or neglected, leading to vision loss," said V Simpson Emmanuel, chief executive and managing director, Roche Pharma India.

NEW DELHI : India’s external affairs minister S. Jaishankar on Tuesday pitched for South Korea to participate in India-led initiatives such as the International Solar Alliance, the Coalition for Disaster Resilient Infrastructure, and the Indo-Pacific Oceans Initiative. Jaishankar is in South Korea for a two-day visit, during which he will chair a joint commission meeting with his Korean counterpart.

recruitment and promotion of sports persons in order to include events which have gained importance in recent times and to provide greater incentives to the sports persons performing well in these games. The Department of Personnel and Training (DoPT) had issued consolidated instructions on recruitment and promotion and other incentives for sports persons in the government of India on October 3, 2013. «These instructions have been reviewed in consultation with the department of sports which is the nodal department for promotion of sports in the country in order to bring more clarity, inclusion of events which have gained importance in the recent times as well as to provide greater incentives to the sports persons performing well in these games,» an order issued by the DoPT said. National championships and tournaments conducted by the recognised national sports federations in individual disciplines, national games conducted by Indian Olympic Associations and Khelo India University, Khelo India Youth Games, Khelo India Winter Games and Khelo India Para Games are recognised as events of national importance, it said.

Lonski Group founder and president John Lonski joins 'Maria Bartirom's Wall Street' to discuss BlackRock's chief investment strategist warning of inflation rebound.

Mint explores the reasons behind this governmental directive. The extension to blend imported coal has been announced amid anticipation of high power demand in the upcoming summer season. The power ministry, in its letter, said that the peak demand in the April-June period this year is likely to reach 250 GW, but logistical issues would impact coal supplies.