Citi Financial News

Indian retail industry ranks fourth globally and accounts for more than 10% of India’s gross domestic product (GDP). Rising disposable incomes, rapid urbanisation, technological advancements, increased brand awareness, and improved shopping experience are significant growth drivers of the retail industry. Within this fast-paced industry, two players have captured the nation's attention with consistent growth in revenue and profits.

Tata Motors on Wednesday said it has tied up with Delta Electronics India and Thunderplus Solutions to set up charging infrastructure for its range of electric commercial vehicles (CVs). As part of the MoU inked between the parties, 250 new fast-charging stations for electric commercial vehicles would be set up across the country. Strategically located in and around over 50 cities, including Delhi, Mumbai, Chennai, Bengaluru, Pune, and Kochi, among others, these new charging stations will significantly increase the existing network of 540 commercial vehicle charging points, Tata Motors said in a statement. Basis its understanding of the commercial EV movement, the commercial vehicle major will recommend optimal locations and nearest dealerships for setting up the fast-charging stations, the company said.

National Board of Education for Medical Studies (NBEMS) is likely to announce the results for the National Eligibility Cum Entrance Test (NEET) PG 2024 shortly. The NEET PG exam was held on August 11, 2024, at 416 centers across 170 cities in 31 states, with over 2.2 lakh candidates participating. Results will be accessible for download on the official NBEMS websites, natboard.edu.in and nbe.edu.in. Qualified candidates will be eligible for admission to MD/MS/PG Diploma and Post MBBS DNB Courses, Direct 6 Year DrNB Courses, and NBEMS Diploma Courses through counseling rounds. For further details, visit the official NBEMS website.

Forcas Studio issue, which opened for bidding on August 19, was subscribed 182 times on Wednesday so far, the final day of the bidding process. This was led by strong demand from retail and non-institutional investors. As of 12:45 pm, the retail investor category booked strong demand, bidding for 43.15 crore shares by 2.67 lakh applicants. The non-institutional investor (NII) category witnessed a bid for 15.21 crore shares, while the qualified institutional buyers had bid for 2.83 crore shares.

Jantar Mantar in Delhi on Wednesday, marking the 10th day of their indefinite strike over the alleged rape and murder of a medic in a Kolkata hospital. «It's very important to understand that we are fighting for better working conditions in our own workplace,» one of the protesting doctors said. Elective services in several government hospitals across the city have remained suspended due to the protests. Resident doctors arrived at Jantar Mantar at 11 am for the protest, marking their second gathering there after Saturday.

Supreme Court ruling on SC/ST reservations. The Reservation Bachao Sangharsh Samiti announced the Bharat Bandh as a mark of protest against the SC's ruling on SC/ST reservations. The Patna Police baton charged the people protesting in support of a day-long 'Bharat Bandh' on Wednesday against the SC's recent judgement. An atmosphere similar to lockdown is also being seen in Rajasthan's Bikaner district. The people from the SC/ST community are monitoring by forming groups to make the shutdown successful. The police administration is also keeping a close watch on the area with full alertness so that no unusual incident takes place. The SC/ST people took out a procession from Kote Gate to the collector's office.

Badlapur in Maharashtra's Thane district over the alleged sexual abuse of two kindergarten girls, internet services in the town were suspended while most schools remained shut on Wednesday, officials said. At least 17 city police personnel and around eight railway cops were injured in the incidents of stone-pelting at the railway station and other parts of Badlapur during the protest on Tuesday and the investigators have arrested 72 persons in connection with the violence, they said. According to officials, additional police force has been deployed in the town to maintain law and order, and the situation in the town is limping back to normalcy.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

On Tuesday, key areas affected by the waterlogging included the outer ring road towards Hebbal Circle, Kempapura towards the Airport, Veerannapalya Signal towards Hebbal Circle, and the down ramp of the Hebbal flyover towards the Airport. In these areas, slow-moving traffic was reported. Many commuters were stuck for hours near the Hebbal flyover during peak traffic hours.

Accel has invested $9 million in Uppercase, nearly doubling the new-age luggage maker’s valuation after the investment to $60 million. The investment is earmarked for fuelling the brand’s expansion through new retail stores domestically as well as in Europe and the Middle East by next year, cofounder and managing director Sudip Ghose told ET. ET had reported on May 31 about Accel, an early investor in Flipkart, having discussions to invest in Uppercase, underscoring investor interest in new-age consumer retail brands.

Portfolio management services (PMS) are navigating new challenges after the Union Budget for 2024-25 increased tax on long-term capital gains (LTCG) and short-term capital gains (STCG).

okada, and boda boda. They are transforming mobility in Africa. Behind the rise is a story of supply and demand.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

Elle Chapman has been cast in a leading role in "The Madison," the latest series in the Yellowstone universe. Patrick J. Adams and Beau Garrett are confirmed as co-stars.

Former JPMorgan Chase chief economist Anthony Chan reacts to Kamala Harris saying it will be her 'Day One priority' to bring down prices despite already being in office on 'Varney & Co.'

Tens of thousands of customers are still without power across Puerto Rico, a week after Ernesto swiped the U.S. territory as a tropical storm

Canada’s two largest railroads are facing possible Teamsters strikes.

Sturgeon Moon, a blue supermoon, will shine tonight in the night sky. When a full moon is at its closest point to Earth in its orbit, a special moon occurs. Because of this, it seems bigger and brighter than a typical full moon. The last supermoon of the year is here, and skywatchers are thrilled to have such a unique sight. Americans won't be able to see the supermoon at its peak, which is scheduled for 2:26 p.m. EST, because it will be during the day. For the next three evenings, the moon will continue to appear larger and brighter, as per the reports of The Mirror.

Social media company X says it will close its operations in Brazil, claiming Brazilian Supreme Court Justice Alexandre de Moraes threatened to arrest their legal representative in Brazil if they did not comply with orders

For tens of thousands of men in Uganda’s capital, driving a motorcycle taxi is a way to make a living

A campaign to bring a casino to the Missouri tourist destination of the Lake of the Ozarks is suing to bring the proposal before voters