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The Latest Breaking News from New Delhi

NCLAT directs Jet Airways' new owner to clear unpaid provident fund, gratuity dues

NEW DELHI: Insolvency appellate tribunal NCLAT on Friday directed Jet Airways' new owner -- Jalan-Kalrock consortium -- to pay the unpaid provident fund and gratuity dues of employees of the carrier, which is preparing to restart operations.

The Times of India

Vodafone Idea to raise Rs 1,600 crore debt from vendor ATC

NEW DELHI: Loss-making telecom operator Vodafone Idea on Friday said it has received board nod to settle Rs 1,600 crore dues to equipment vendor ATC Telecom Infrastructure Ltd by converting the due amount into equity if unpaid in 18 months.

The Times of India

Reliance to demerge financial services arm Jio Financial Services; list it on stock exchanges

NEW DELHI: Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday said it will demerge its financial services arm and list it on the stock exchanges.

The Times of India

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Reliance Retail Q2 pre-tax profit up 51.2% at Rs 4,404 crore; revenue rises 44.5% to Rs 57,694 crore

NEW DELHI: Reliance Retail on Friday reported a 51.18 per cent jump in pre-tax profit at Rs 4,404 crore for the September 2022 quarter, led by store additions and a strong revival in footfalls.

The Times of India

Delhi air quality worsens, 24-hour average index recorded at 262

NEW DELHI: The city's Air Quality Index (AQI) worsened on Friday with the 24-hour average recorded at 262.

The Times of India

Reliance Industries Q2 net profit remains flat at Rs 13,656 crore; hit by weak refining margins

NEW DELHI: India's most valuable company Reliance Industries on Friday reported a flat profit for the second quarter of the financial year 2022-23.

The Times of India

Reliance Jio Q2 net profit rises 28% to Rs 4,518 crore

NEW DELHI: Reliance Jio Infocomm, the digital arm of Mukesh Ambani's Reliance Industries on Friday posted a 28% rise in its consolidated net profit for the second quarter ending September 30.

The Times of India

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Daily Dose Ep 1180: Gujarat High Court notice in public flogging case, chopper crash in Arunachal

Veronica Joseph brings you the news from Gujarat, New Delhi, Arunachal Pradesh, Jammu and Kashmir, and the United Kingdom.

Newslaundry

Indian export curbs shake up rice market

MUMBAI: India’s recent curbs on rice exports could trigger a rally in global prices after more than a decade of stability, traders say, as Delhi’s protectionist move coincides with falling output in other major producing countries and rising global demand.

Bangkok Post

Happy Diwali for SpiceJet: DGCA removes 50% cap on its flights from this winter; GoFirst flights to shrink by 40%

NEW DELHI: In a major reprieve for SpiceJet, the Directorate General of Civil Aviation (DGCA) has lifted the 50% cap on its flight operations from this winter schedule, effective October 30.

The Times of India

BSE, NSE to conduct one-hour 'muhurat trading' on Diwali

NEW DELHI: Leading stock exchanges BSE and NSE will conduct a one-hour special "muhurat trading" session on Monday, marking the beginning of a new Samvat 2079 -- the Hindu calendar year that starts on Diwali.

The Times of India

Indian govt seeks $7.7 billion value for IDBI Bank in stake sale

NEW DELHI: India is pushing for a valuation of around 640 billion rupees ($7.7 billion) for state-owned IDBI Bank Ltd in what could be the biggest sale of the government’s stake in a lender in decades, according to a person familiar with the matter.

The Times of India

Cricket bodies run on business lines, not for education: Supreme Court

NEW DELHI: Holding that cricket associations are run on business lines, the Supreme Court said that the activities of sports bodies, including the Board of Control for Cricket in India (BCCI), cannot fall within the meaning of ‘education’ to claim tax exemption as they spend insignificant amounts of money on…

The Times of India

FTA well on track, will wait and see: Piyush Goyal after UK PM Truss' resignation

NEW DELHI: Noting that the free trade agreements with the UK are well on track, Union commerce minister Piyush Goyal Thursday said India will wait for the change in leadership before formulating a strategy vis a vis the UK.

The Times of India

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The Times of India

DoT to 'activate' conversion of VIL dues into equity after seeing firm action on fundraising

NEW DELHI: The telecom ministry will 'activate' its plan to convert dues of Vodafone Idea into equity as soon as the telco demonstrates firm commitment as a serious long-term player in the market through fundraising or any other confidence-building measure, according to a senior government official.

The Times of India

Slow GST portal: CBIC mulls extending September returns filing due date

NEW DELHI: With taxpayers facing slow functioning of the GSTN portal, CBIC on Thursday said it is examining the proposal of extending the deadline for filing GST returns for September.

The Times of India

Adani, GMR, L&T in race for Rs 23,000 crore UP smart meter tender

NEW DELHI: Adani Group, GMR, LT and IntelliSmart — a joint venture of National Investment and Infrastructure Fund and power ministry’s energy saving company EESL — are in race for the largest smart meter tender worth Rs 23,000 crore floated by UP.

The Times of India

9-hour Lufthansa Frankfurt-Bengaluru nonstop turns into 2-day harrowing journey for over 300 flyers

NEW DELHI: A direct flight from Frankfurt to Bengaluru takes about nine hours. But for over 300 passengers who boarded Lufthansa’s LH-754 nonstop for this sector Tuesday (Oct 18) at 1.05 pm, the journey took just under two days — with a 30-hour plus stopover in Istanbul. They finally took…

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The Times of India

Mushtaq Ali Trophy: Delhi inch closer to knock-out berth with win over Goa

JAIPUR: Skipper Nitish Rana and Yash Dhull continued their stellar run with the bat as Delhi moved one step closer to a knock-out berth with a six-wicket win over Goa in the Syed Mushtaq Ali T20 Trophy on Thursday.

The Times of India

AIFF appoints experienced Englishman Trevor Kettle as Chief Refereeing Officer

NEW DELHI: The All India Football Federation (AIFF) on Thursday announced the appointment of experienced Englishman Trevor Kettle as Chief Refereeing Officer (CRO) to oversee all refereeing matters of the organisation.

The Times of India

EPFO adds 16.94 lakh net subscribers in August

NEW DELHI: Retirement fund body EPFO net added 16.94 lakh new subscribers in August 2022, registering a 14.4 per cent rise as compared to the year-ago period, according to official data.

The Times of India

Axis Bank net profit jumps 70% at Rs 5,330 crore in Q2

NEW DELHI: Axis Bank on Thursday reported a jump of 70 per cent in its standalone net profit at Rs 5,329.77 crore in quarter ended September 2022 on healthy core income aided by trimming of bad loans.

The Times of India

IDBI Bank privatisation: LIC to recover its investment by time of sale

NEW DELHI: State-owned insurance behemoth LIC is expected to recover its Rs 21,624 crore investment it had made in IDBI Bank as share prices are likely to rebound to 2019 levels by the time the lender is privatised, an official said.

The Times of India

Madhya Pradesh to host 5th edition of Khelo India Youth Games, water sports added to roster

NEW DELHI: The fifth edition of Khelo India Youth Games (KIYG) will be held in Madhya Pradesh (MP) across eight cities from January 31 to February 11, Sports Minister Anurag Thakur announced here on Thursday.

The Times of India

IPL: Brad Haddin joins Trevor Bayliss as assistant coach at Punjab Kings

NEW DELHI: Former Australia wicket-keeper batter Brad Haddin has joined Punjab Kings as assistant coach ahead of the 2023 Indian Premier League.

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