Utilize the input text as a context reference, choose the right relationship between Hindustan Times and New Delhi from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

Mahua Venkatesh, Hindustan Times , New Delhi | Updated: Jul 22, 2015 23:55 IST According to a Morgan Stanley study, private banks have gained 6.1% marketshare in the last four years.

Answer: headquarters_location