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New Delhi now among world’s top 10 cities with most billionaires

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

New Delhi broke into the top 10 list for the first time, ranking ninth in the billionaire league, with a tally of 57 billionaires, an increase of 18 over the previous year.

New Delhi secured a spot among the world’s top 10 cities with the most billionaires, according to the Hurun Rich List 2024. The national capital broke into the top 10 list for the first time, ranking ninth, with a tally of 57 billionaires, an increase of 18 over the previous year.

Here’s a look at the top 10 cities with the most number of billionaires:

City Number of Billionaires
New York 119
London 97
Mumbai 92
Beijing 91
Shanghai 87
Shenzhen 84
Hong Kong 65
Moscow 59
New Delhi 57
San Francisco 52

Mumbai, India’s financial capital, also emerged as the fastest-growing billionaire capital worldwide, solidifying its position as Asia’s billionaire hub.  India, as a nation, witnessed 94 new entrants, second only to the United States. The country now has a total of 271 billionaires.

Pharmaceuticals, automobiles, and auto components, as well as chemicals, are the dominant industries driving this wealth surge. The cumulative wealth held by Indian billionaires stood at $1 trillion, accounting for 7% of the world’s total billionaire wealth. The average age of Indian billionaires is 67. 19 of the total Indian billionaires are women.

Among the notable figures contributing to India’s billionaire roster, Gautam Adani and family stand out with a surge in wealth, attributed to the success of their energy conglomerate, the Adani Group. Mukesh Ambani and family retained their title as India’s richest, the only Indian among the world’s top 10.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Delhi | Fire breaks out at a factory in Alipur, around 50 fire tenders at the spot

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

As many as 34 fire tenders are at the spot, the Delhi Fire Service said, adding that further details are awaited, news agency ANI reported.

A fire broke out at a factory in Alipur, Delhi.

As many as 50 fire tenders are at the spot, the Delhi Fire Service said, adding that further details are awaited, news agency ANI reported.

A witness in the area told news agency ANI that the incident where the fire occurred is a godown of clothes and fridge. He said the fire broke out around 5 am. He said there was no information on casualties at the moment.

Atul Garg, the director of Delhi Fire Services, told ANI that it was an oil fire. Around 50 fire tenders are on the job. The cause of the fire is yet to be ascertained.

Also Read: Ujjain, Madhya Pradesh: Fire breaks out at Mahakal Temple during Holi celebrations, 13 injured | Watch videos

 

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Who are the ‘South Group’ allegedly involved in the Delhi excise policy scam

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Last year, allegations of AAP leaders accepting bribes from a group of southern politicians, whom the ED later designated as the ‘South Group’, surfaced.

The Enforcement Directorate (ED) on Thursday night arrested Delhi Chief Minister Arvind Kejriwal in connection with the excise policy scam case. The ED filed a 10-day detention request at Rouse Avenue Court in the national capital, alleging that Kejriwal requested ₹100 crore from the South Group for Punjab elections.

Last year, allegations of AAP leaders accepting bribes from a group of southern politicians, whom the ED later designated as the ‘South Group’, surfaced.

In February 2023, the ED said that the Delhi excise policy scam was a result of AAP leaders working hand-in-glove with the so-called South Group.

According to ED, the leaders of a few political parties were found to be involved in the excise policy scam. Not just that, they were found utilising proxies, dummies, and a network of exchanges and transactions to disguise their involvement, according to the ED’s remand report of Raghav Magunta, which was submitted in Delhi’s Rouse Avenue Court on February 11, 2023.

Who are the ‘South Group’ members?

The South Group includes YSRCP Ongole MP Magunta Srinivasulu Reddy (MSR), his son Magunta Raghava Reddy, and BRS MLC K Kavitha (represented by businessman Arun Ramachandra Pillai), as well as chartered accountant Butchibabu Gorantla, Hyderabad businessman Abhishek Boinpally, and leading pharmaceutical company director P Sarath Candra Reddy.

In a legal document filed against businessman Sameer Mahendru and AAP’s communication in-charge Vijay Nair, the ED claimed that they acted in connivance with K Kavitha, Magunta Srinivasulu Reddy, Raghav Magunta, and Sarath Reddy.

Furthermore, it stated that Mahendru and the South group planned with Nair to create the cartel to set up a smooth kickback system that would allow them to recoup the kickbacks that had been paid.

The arrest of the Delhi Chief Minister, the latest in the investigation, came when the ED arrived at his home late at night with a search warrant. The development came after Kejriwal failed to appear at their office despite the agency’s ninth summon.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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BRS leader K Kavitha denied bail by SC in Delhi excise policy scam

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

The bench said as far as Kavitha’s plea challenging the provisions of the Prevention of Money Laundering Act (PMLA) is concerned, the court is issuing notice to the ED and seeking its response in six weeks.

The Supreme Court on Friday refused to grant bail to BRS leader K Kavitha, who has been arrested by the Enforcement Directorate in the Delhi excise policy scam case.

A bench of Justices Sanjiv Khanna, MM Sundresh and Bela M Trivedi asked Kavitha to approach the trial court, saying it is a practice that this court is following and cannot bypass the protocol.

The bench said as far as Kavitha’s plea challenging the provisions of the Prevention of Money Laundering Act (PMLA) is concerned, the court is issuing notice to the ED and seeking its response in six weeks.

“The petition challenging the provisions will come up with the pending matters,” the bench told senior advocate Kapil Sibal, appearing for Kavitha.

At the outset, Sibal said that people are being arrested based on an approver’s statement.

The bench said it is not going into the merit of the case at the moment.

Kavitha has moved the top court challenging her arrest by the ED in connection with the Delhi excise policy case.

A member of the Telangana Legislative Council and daughter of former state chief minister K Chandrashekar Rao, Kavitha was arrested on March 15 and remanded to the ED’s custody till March 23 in the case.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Holi Parties in Delhi: Rang Rage 3.0 to Holi Haze, places you can celebrate the festival of colour this year

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Apart from the plethora of options, what sets the Delhi NCR Holi parties apart are the sheer scale and grandeur of these events.

As the festival of colours, Holi draws near, Delhi-NCR is buzzing with excitement, and rightly so. The city, pulsating with energy, is believed to be a hotspot for electrifying parties. The events organised for Holi in Delhi offer a diverse range of experiences for enthusiasts as per their preference whether they are into traditional gatherings or want to enjoy contemporary bashes. However, it is not only the diversity that is special about the Holi parties in Delhi-NCR. Apart from the plethora of options, what sets the Delhi NCR Holi parties apart are the sheer scale and grandeur with which they are organised.

In this article, we have explored the top Holi parties in Delhi-NCR for 2024. Join us to ensure you paint the town in the colour of love, positivity, and togetherness.

Holi Rangotasav Season 6

Hosted by Four Points By Sheraton, the Holi Rangotasav Season 6 is the biggest rain dance Holi party happening in the capital city. It starts at 10 am on March 25. The party will have a rain dance for women, couples and families, organic colours, live dhol beats, and a female DJ. The ones looking for entry into the party will be required to pay 2500 onwards.

Rang Rage 3.0

Witness the colours of fun spreading through the air at Privee Novele XO, in Connaught Place with Rang Rage 3.0 beginning at 11:00 am onwards. At this electrifying party, one can groove to Punjabi MC and DJ Yogii’s tunes as they take over the DJ console playing heart-pumping music. To enter one of the best Holi parties in Delhi in 2024, you will need to pay a total of 2,999 which goes up to 4,999.

Holi Hai – The Land Of Colors

For an experience of your lifetime and make your Holi the most memorable one, visit YOUnion Delhi, Qutub Hotel, New Delhi, on March 25. Here, the party will commence at 11 am. You can buy the tickets online via Paytm Insider for 2000 onwards.

Holi Haze

The Holi Haze celebrations will witness an extraordinary Bismil Ki Mehfil and Punjabi singer Dilbagh Singh along with BeatCrush spinning those UK Punjabi beats. Adding to the electrifying celebrations will be Progressive Brothers, and other top DJs from all over India. The event will be organised at The Backyard Sports Club, Gurugram.

Holi Bash 3.0

For the ones looking for an affordable venue to enjoy the pre-wedding festivities, the Holi Bash 3.0 is the perfect place to be. To be organised on March 24, 2024, at PUBG farmhouse, Noida, the tickets for this event start from 299 onwards. Additionally, they are easily available on Paytm Insider.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Delhi HC refuses to grant interim protection from ED summons to CM Kejriwal

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

CM Arvind Kejriwal has repeatedly refused to appear before the ED. The court said arrest on the “first or second day” is not the “normal practice” as an investigating agency first records the reasons to do so, if grounds are made out.

The Delhi High Court on Thursday, March 21, refused to grant any interim protection from coercive action to Delhi Chief Minister Arvind Kejriwal. A division bench led by Justice Suresh Kumar Kait said it was not inclined to grant an interim relief to the Aam Aadmi Party chief.

However, the court has sought a response from the ED on this fresh interim plea and listed the matter for further hearing for April 22, 2024.

Kejriwal had moved a fresh plea in the court seeking no coercive action against him. The Enforcement Directorate (ED) has issued nine summons to him in the excise case till now.

On March 20, the court had asked Kejriwal on why is he not appearing before the ED for questioning in an excise policy-linked money-laundering case, as it sought the agency’s stand on the AAP leader’s plea challenging the summonses issues against him.

“Why don’t you appear on receiving the summonses? What is preventing you not to attend?” asked the bench.

Kejriwal has repeatedly refused to appear before the agency, calling the summonses illegal. The court said arrest on the “first or second day” is not the “normal practice” as an investigating agency first records the reasons to do so, if grounds are made out.

Kejriwal’s name has been mentioned multiple times in the chargesheets filed by the ED. The agency has alleged that the accused were in touch with Kejriwal for formulating the excise policy that resulted in undue benefits for them, in return for which they paid kickbacks to the AAP.

A Delhi court granted bail to Kejriwal on Saturday on two complaints filed by the ED against him for skipping six of the previous eight summonses in the money-laundering case.

With inputs from PTI

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Delhi world’s most polluted capital city again, says report

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

With an average annual PM2.5 concentration of 54.4 micrograms per cubic metre, India had the third worst air quality out of 134 countries in 2023, according to the World Air Quality Report 2023 by Swiss organisation IQAir.

Bihar’s Begusarai emerged as the world’s most polluted metropolitan area while Delhi was identified as the capital city with the poorest air quality, according to a new report.

With an average annual PM2.5 concentration of 54.4 micrograms per cubic metre, India had the third worst air quality out of 134 countries in 2023 after Bangladesh (79.9 micrograms per cubic metre) and Pakistan (73.7 micrograms per cubic metre), according to the World Air Quality Report 2023 by Swiss organisation IQAir.

In 2022, India was ranked as the eighth most polluted country with an average PM2.5 concentration of 53.3 micrograms per cubic metre.

Begusarai stood out as the most polluted metropolitan area globally with an average PM2.5 concentration of 118.9 micrograms per cubic metre. The city did not even figure in the 2022 rankings.

Delhi’s PM2.5 levels worsened from 89.1 micrograms per cubic metre in 2022 to 92.7 micrograms per cubic metre in 2023.

The national capital was ranked the most polluted capital city in the world four times on the trot starting 2018.

It is estimated that 1.36 billion people in India experience PM2.5 concentrations exceeding the World Health Organisation (WHO) recommended annual guideline level of 5 micrograms per cubic metre, the report said.

Also, 1.33 billion people, 96% of the Indian population, experience PM2.5 levels more than seven times the WHO annual PM2.5 guideline. This trend is reflected in city-level data, with more than 66% of the country’s cities reporting annual averages greater than 35 micrograms per cubic metre.

IQAir said the data utilised to create this report was aggregated from the global distribution of more than 30,000 regulatory air quality monitoring stations and low-cost air quality sensors operated by research institutions, governmental bodies, universities and educational facilities, non-profit non-governmental organisations, private companies and citizen scientists.

The 2022 World Air Quality Report included data from 7,323 locations in 131 countries, regions and territories. In 2023, those numbers have grown to include 7,812 locations in 134 countries, regions and territories.

Causing an estimated one in every nine deaths worldwide, air pollution is the greatest environmental threat to human health.

According to the WHO, air pollution is responsible for an estimated seven million premature deaths worldwide every year.

Exposure to PM2.5 air pollution leads to and exacerbates numerous health conditions, including but not limited to asthma, cancer, stroke and lung disease.

Exposure to elevated levels of fine particles can impair cognitive development in children, lead to mental health issues, and complicate existing illnesses, including diabetes.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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J Kumar Infra wins ₹334.25-crore project from NBCC to build Delhi Transport Corporation depot

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

J Kumar Infra Share Price | The company has received a letter of award (LoA) from NBCC (India) Ltd for the development of Hari Nagar depot of Delhi Transport Corporation (DTC) in New Delhi on an engineering, procurement and construction (EPC) basis, it said in a stock exchange filing. The total contract value of the order was ₹334.25 crore.

J Kumar Infraprojects Ltd on Monday, March 18, said it has been awarded an order worth ₹334.25 crore from NBCC (India) Limited in Delhi.

The company has received a letter of award (LoA) from NBCC (India) Ltd for the development of Hari Nagar depot of Delhi Transport Corporation (DTC) in New Delhi on an engineering, procurement and construction (EPC) basis, it said in a stock exchange filing. The total contract value of the order was ₹334.25 crore.

As per a notification from the Centre, the aforementioned contract price of ₹334.25 crore will be adjusted in case there is any increase or decrease in the rates of GST on works contract, the company said.

The time period set for the execution of the project awarded by NBCC stands at 24 months, J Kumar Infraprojects said.

Recently, CNBC-TV18 reported that J Kumar Infraprojects was looking at growing its revenue by 16-17% in the next financial year 2025, which is higher than the company’s previous guidance of 15%. According to the Mumbai-based company’s managing director, Nalin Gupta, the growth projections are backed by a healthy order book. The orders are expected to be around ₹19,000 crore in FY24, with an order inflow of around ₹7,000-8,000 crore next year.

Gupta is confident the company is well on track to achieve its billion-dollar revenue target by financial year 2027, and that the earnings before interest, tax, depreciation, and amortisation margins is likely to remain around 14-15%.

Shares of J Kumar Infra were trading 1.96% lower at ₹585.35 apiece on BSE at 12:59 pm.

Also Read: Shriram Properties shares jump 4% after 70% of Bengaluru project inventory sold in five days

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Farmers hold ‘Kisan Mazdoor Mahapanchayat’ in Delhi, traffic advisory issued

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

The umbrella body of farmers’ organisations, Samyukt Kisan Morcha (SKM) has said they will hold a ‘Kisan Mazdoor Mahapanchayat’ where a resolution will be passed to “intensify the fight” against the government policies.

Farmers hold their ‘Kisan Mazdoor Mahapanchayat’ in New Delhi on Thursday, March 14, but with conditions. The Delhi Police said the gathering cannot exceed the limit of 5,000 people, no tractor trolleys, no march at the Ramlila Maidan.

In view of the protest, Delhi Police has also made elaborate security arrangements that may lead to a heavy traffic jam. The police have also issued traffic advisory for the commuters to avoid roads leading to central Delhi, they said.

The umbrella body of farmers’ organisations, Samyukt Kisan Morcha (SKM), which had spearheaded the 2020-21 farmers’ protest at Delhi borders against the three central farm laws, has said they will hold a ‘Kisan Mazdoor Mahapanchayat’ at the Ramlila Maidan where a resolution will be passed to “intensify the fight” against the policies of the government.

A police officer told PTI that the farmers have been asked to vacate the Ramlila Maidan soon after culmination of their programme after 2:30 pm.

The traffic may be affected in various parts of the national capital. According to a Delhi Traffic Police statement, Jawaharlal Nehru Marg, Barakhamba Road, Bahadurshah Zafar Marg, Tolstoy Marg, Asaf Ali Road, Jai Singh Road, Swami Vivekanand Marg, Sansad Marg, Netaji Subhash Marg, Baba Kharag Singh Marg, Minto Road, Ashoka Road, Maharaja Ranjeet Singh flyover, Connaught Circus, Bhavbhuti Marg, DDU Marg and Chaman Lal Marg are likely to be affected due to the farmers gathering in Delhi.

The advisory said the traffic may be diverted on Delhi Gate, Mir Dard Chowk, Ajmeri Gate Chowk, Guru Nanak Chowk, Kamla Market, Paharganj Chowk, Jhandewalan round about, Maharaja Ranjeet Singh flyover from Barakhambha Road to Guru Nanak Chowk, Barakhamba Road, Janpath Road, KG Marg crossing and round about of GPO (Gol Post Office) from 6 am on Thursday.

The Delhi traffic police also advised the people going towards ISBT, railway station or airport to carefully plan their travel with sufficient time at hand.

The three Delhi borders — Singhu, Tikri and Ghazipur — have been witnessing a heavy deployment of paramilitary personnel to stop the ongoing protest of the farmers demanding to march to Delhi.

Hundreds of farmers are still sitting at Punjab-Haryana borders for the past since February 13.

With inputs from PTI

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
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Win WRX (WazirX token) worth Rs. 1500.
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What coins do you think will be valuable over next 3 years?

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 5 Minutes Read

Lok Sabha Election Opinion Poll: Delhi voters happier with Centre than Kejriwal government

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

As per the poll, of 1,447 respondents in Delhi, 66% said they are “very satisfied” to “somewhat satisfied” with both Kejriwal and the Aam Aadmi Party-led government, while 67% are “somewhat to very satisfied” with the performance of the National Democratic Alliance (NDA) government at the Centre and that of Prime Minister Narendra Modi.

Voters in Delhi are largely satisfied with the performance of Chief Minister Arvind Kejriwal and the state government, while also expressing a lot of satisfaction with the central government’s performance, according to an opinion poll by News18.

As per the poll, of 1,447 respondents in Delhi, 66% said they are “very satisfied” to “somewhat satisfied” with both Kejriwal and the Aam Aadmi Party-led government, while 67% are “somewhat to very satisfied” with the performance of the National Democratic Alliance (NDA) government at the Centre and that of Prime Minister Narendra Modi.

Moreover, 62% said they are “very to somewhat satisfied” with the sitting MP of their constituency. Furthermore, a whopping 91% of BJP voters (959 surveyed) said they would vote for the Bharatiya Janata Party (BJP) regardless of the candidate, only because of Modi.

Delhi contributes 7 legislators to the 543-strong Lok Sabha. In the 2019 elections, BJP swept all 7 seats, retaining all the seats it won in 2014.

Poll Projection

Alliance Seats Vote share
NDA 7 58%
I.N.D.I.A bloc 0 39%
Others 0 3%

Central schemes

One question to the 1,447 respondents was how aware they are of various central government schemes — 85% said they know the PM Kisan Samman Nidhi, while other schemes, such as PM Awas Yojana (housing scheme, 86%), Har Ghar Jal (Jal Jeevan Mission, 90%), Ujjwala Yojana (gas cylinder, 90%), Jan-Dhan Yojana (bank accounts, 89%), and Ayushman Bharat (healthcare, 75%). drew great responses as well. No respondents stated they were not aware of any of these schemes.

Key issues

Employment topped as the key issue for voters, with 75% saying it will be a consideration in their voting decision, while inflation (71%), law and order (33%), corruption (37%), and infrastructure and development (38%) too emerged as issues. Interestingly enough, only 9% of the respondents said they would vote based on the religion of the candidate.

It must be noted here that law and order come under the purview of the Union Home Ministry, and not the state government.

2019 Results

The 2019 Lok Sabha elections in Delhi witnessed significant shifts in political dynamics, government formation, and key issues that resonated with voters. The 2019 Indian general election took place on May 12, 2019.

Delhi, along with other states, declared its results on May 23, 2019, constituting the 17th Lok Sabha.

The BJP secured a clean sweep by winning all seven seats in Delhi.

The BJP’s victory was remarkable, with a vote share of 56.9%. The party’s campaign focused on national issues such as corruption, unemployment, national security, terrorism, farmers’ distress, and poverty.

The election revolved around the accountability of the then government. The BJP capitalised on its performance at the Centre and emphasised its commitment to good governance.

Unlike previous elections, caste-based politics took a backseat. Instead, national issues dominated the discourse, reflecting a shift in voter priorities.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
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Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?