Citi Financial News

Canada, has temporarily suspended the entry of new temporary foreign workers for low-wage jobs in the Montreal area. As a result, applications for jobs in the Montreal area paying less than $27.47 per hour will be paused for six months, starting September 3. The decision will not apply to the construction, agriculture, food processing, education and social services sectors. This comes after the country's temporary foreign worker program was described as a 'breeding ground for contemporary forms of slavery' in a report by UN investigator Tomoya Obokata, according to an article in Canada's leading daily, the Globe and Mail.

JR One Footwear Pvt Ltd, a joint venture company between Phoenix Kothari Footwear Ltd and Taiwan-based ShoeTown Group has plans to expand its presence in Tamil Nadu by setting up two more manufacturing facilities and leather component clusters in the state, a top official said on Tuesday. The company had already committed investments of about Rs 5,000 crore for setting up a factory in Perambalur to produce 'Crocs' range of footwear. Spread across 50 acre of land in the district, located about 250 km south of Chennai, the manufacturing unit currently has generated about 1,700 jobs (direct and indirect) in the region. «We are expanding by entering two more districts (For setting up manufacturing facilities). We are bringing two more international footwear brands. We will announce the name of two districts soon, » Phoenix Kothari Footwear Ltd Chairman J Rafiq Ahmed said in an interaction here. Globally, Shoetown Group is a leading manufacturer of footwear and the Kothari Group has ties only with Ron Chang, Chairman, Shoetown Group for manufacturing of footwear in India, he said responding to a query.

Quick commerce companies are increasing the total weight which can be delivered per order as consumers have started doing monthly large pack shopping from 1-10 of every month replacing modern retail stores and other e-commerce platforms. Quick commerce companies are increasing the total weight which can be delivered per order as consumers have started doing monthly large pack shopping from 1-10 of every month replacing modern retail stores and other e-commerce platforms. Large fast moving consumer goods (FMCG) companies also want to initiate sales of such packs through quick commerce as they do not want to miss out on the sales opportunity.

According to findings from Quilter Investors' most recent Investor trends survey, which polls a variety of leading UK and global fund groups, the narrative that Labour and the City are unnatural bedfellows has changed.  Only three in ten (31%) of respondents foresaw little impact of Labour's policies to boost the economy, while no respondents believed the chancellor's plans would stymie or reduce economic growth.  Political stability was widely cited as a driver of this renewed faith, with one respondent noting that Labour's plans for power could reignite love towards UK equities, whi...

Tata Motors offers flexible shift timings for women and door-to-door transport equipped with female security personnel and audio-enabled CCTV. For women who work on the shop floor across shifts, there are mid-level managers in some locations who voluntarily rotate supervision until the last woman employee reaches home and reports back to the local leadership team, said Tata Motors CHRO Sitaram Kandi. E-commerce giant Amazon also has similar measures in place.

The Real Housewives of Salt Lake City" season 5 or fifth season of RHOSLC will be released in September. Bravo has released a teaser-trailer of «The Real Housewives of Salt Lake City» season 5. «The Real Housewives of Salt Lake City» season 5 will feature Heather Gay, Meredith Marks, Lisa Barlow, Whitney Rose and Angie Katsanevas. «Tension. Resentments. Couture. New women. Can the strong bonds formed over recent drama survive when hurtful remarks and spiraling rumors spread throughout the group? The Real Housewives of Salt Lake City Season 5,» the description for «The Real Housewives of Salt Lake City» season 5 reads.

Call of Duty Modern Warfare 3 Warzone season 5 reloaded is set to be released this week. Call of Duty Modern Warfare 3 Warzone season 5 reloaded release date, time, battle pass, multiplayer modes, new map details have emerged. Call of Duty Modern Warfare 3 Warzone season 5 reloaded will be released on August 21 at 12 pm (ET)/ 9 am (PT). The video game will be available on PlayStation 5, Xbox Series X/S, and PC. One can opt for pre-downloads via console and Battle Net well before the launch. Call of Duty Modern Warfare 3 Warzone season 5 reloaded will have three modes — Paintball, Fishfection, and Defuse or Destroy for multiplayer modes.

Prince William won't like to have his brother Prince Harry at his coronation ceremony. It must be noted that coronation ceremony of The Duke of Cambridge will only happen after the demise of his father King Charles III, New York Post reported citing Sunday Times. 42-year-old Prince William wants to have a 'different' coronation ceremony. Price Harry will celebrate 40th Birthday in September, as per the report. Meanwhile, King Charles III last week made his first comments about riots that have shaken British cities to praise the work of police in countering the violence.

Karnataka High Court on Monday in a case of alleged illegal allotment of plots to his wife in Mysuru after the Judge restrained a lower court in Bengaluru from deciding on the matter till the next date of hearing. Justice M Nagaprasanna at the high court directed the trial court not to take any precipitative action against the CM till the next date of hearing. The Judge asked the respondents to file their replies and listed the case for hearing on August 29. The special court designated for trying cases against people’s representatives had posted for orders on August 20 a private complaint filed against the CM. The case relates to Siddaramaiah’s wife being 14 pricey plots in an upscale residential area in Mysuru in return for 3.16 acres of land that Mysuru Urban Development Authority (MUDA) acquired at Kesare village on the city outskirts.

Issue price: Rs 195-206

Democratic National Convention (DNC) will kick off Monday in Chicago, one month after Republicans held their convention in Milwaukee. U.S. President Joe Biden will speak on day one of the convention during prime time, as he passes the torch to Vice President Kamala Harris. Nearly 50,000 visitors are expected to attend the convention, including approximately 4,000 delegates. The theme of the convention is «For the People, For Our Future.» While the official schedule has not yet been released, Democratic National Convention officials have confirmed that President Biden and First Lady Jill Biden will speak on Monday. The theme for Monday will be «For the People,» with speakers expected to pay tribute to Biden, according to DNC officials. Former U.S. President Barack Obama is scheduled to speak on Tuesday, which will focus on the theme «A Bold Vision for the Future.»

Steel Authority of India (SAIL), a steel behemoth, and Infosys, the iconic IT services company? They are as different as chalk and cheese, but, interestingly, both are getting more flexible about their workplace policies and, in the process, paving the way to explore new work models for organisations. In May, SAIL announced the Work from Other than Workplace (WoW) policy. Under this policy, employees could choose to work from a place other than their normal office/base location.

₹2,400-3,000 crore, translating to ₹4-5 crore per MW, the people cited above said on the condition of anonymity. A potential acquisition would help India's largest private thermal power producer capitalize on the rising electricity demand in the country. "Adani Power is negotiating with CFM Asset Reconstruction Co.

startups in the electric two-wheeler segment — Ola Electric, Ather Energy and Greaves Electric (Ampere) — declined to 48.8% in the first quarter, from 59% in the year-ago period, as legacy manufacturers such as Bajaj Auto, Hero MotoCorp and TVS Motor Company expanded their footprint in the fast-evolving market. After starting from behind, the older companies accounted for about one of every three units sold in the category in the first three months of the current financial year. Overall, electric two-wheeler sales inched up by 1.4% to 221,548 units, according to the Federation of Automobile Dealers Association (FADA).

woman was allegedly sexually assaulted in the wee hours of Sunday by an unknown biker whom she had hitchhiked, a senior police officer said. According to the Additional Commissioner of Police (East Zone) Raman Gupta, the woman, who is a final year degree student in a city college, was returning home to Hebbagodi after a get-together in Koramangala. «A man from whom she had taken a 'lift' made a criminal assault and raped her. We have registered a rape case and started an investigation,» Gupta told reporters here. He said prima facie it appeared she had gone for a get-together in Koramangala.

BJP MP Praveen Khandelwal alleged that the West Bengal police attempted to suppress the rape and murder of a trainee doctor at RG Kar Medical College and Hospital on August 9 in the West Bengal city of Kolkata. «The case has been handed over to the CBI, this shows that West Bengal Police was trying to suppress it. The CM (Mamta Bannerjee) is protesting for the arrest of the accused. She (Mamata Banerjee) is the Chief Minister, Health Minister and Home Minister, the question is who is she protesting against?.. I am sure the CBI will catch the accused and they will get the strictest punishment...,» Khandelwal told ANI. Meanwhile, the students and junior doctors continue to protest over the incident amid rain that lashed parts of the Kolkata city on Sunday morning.

Israeli strikes killed at least 21 people in Gaza on Sunday, including six children, Palestinian health authorities said, ahead of a visit to the region by U.S. Secretary of State Antony Blinken to try to push forward ceasefire talks. The children and their mother were killed in an Israeli airstrike on a house in the central town of Deir Al-Balah, health officials said. There was no immediate comment from the Israeli military. The Israeli military said it destroyed rocket launchers used to hit Israel from the southern city of Khan Younis, the scene of intense fighting in recent weeks, and killed 20 Palestinian fighters.

Amid a tornado warning for much of the area, a tornado potentially touched down in Ayr, Ont., on Saturday morning, according to North Dumfries Township.

Bengaluru police have taken action against 44 individuals for a recent video where they are seen performing a reckless scooter stunt on a busy road in India's IT capital during daytime. «Wheeling on city roads? Our officers are always ready to bring your adventure to a halt,» said Bengaluru City Police while sharing a video of the individuals performing the stunt. Along with the video, the police informed that action had been taken against 44 for the wheeling incident.

TVS Motor Company plans to expand the sales of its electric vehicles to both developing and developed markets, betting big on India's potential to emerge as a major export hub for electric two-wheelers, according to Director and CEO KN Radhakrishnan. The company will leverage on its plant in Indonesia to cater to other neighbouring markets in the ASEAN region, where it has started selling its electric scooter TVS iQube last year, he told analysts. In the first quarter of this fiscal TVS Motor Co sold a total of 52,000 units of electric two-wheelers, as against 39,000 units in the same period last year. «We strongly believe that India will emerge as a major export hub for two-wheeler EVs. With the continuous improvement in the EV supply chain and infrastructure, we are confident that we will continue to be a strong player in the EV segment,» Radhakrishnan said.

volcano, located in Russia’s Far Eastern Kamchatka region, has erupted, sending ash as high as 8 km into the sky, Russian agency TASS reported. According to the Institute of Volcanology and Seismology, part of the Far Eastern Branch of the Russian Academy of Sciences, the ash column has risen as high as 8 kilometers above sea level. The eruption has also led to the release of a significant amount of lava. Shiveluch is one of the largest and most active volcanoes on the Kamchatka Peninsula, standing at a height of 3,283 meters. The Shiveluch volcano is situated at the junction of the Kuril-Kamchatka and Aleutian island arcs, approximately 50 kilometers from the village of Klyuchi in the Ust-Kamchatsky District and about 450 kilometers from the regional capital, Petropavlovsk-Kamchatsky.