Citi Financial News

Indian Medical Association (IMA) are likely to meet the agitating doctors at the RG Kar Medical College and Hospital in Kolkata where the body of a woman trainee medico was found last week. IMA national president R V Asokan and its secretary general Anilkumar J Nayak reached the city on Tuesday night. «They may go to the RG Kar Medical College and Hospital and talk to the junior doctors there,» said an association official. Later, they may meet the parents of the deceased doctor at their Panihati residence, he added.

Swiggy has started charging its service fee on the gross order value, which includes GST and packaging charges too, from restaurants outside metro cities as well. This will effectively increase the commission its restaurant partners in such markets pay. Previously, the service fee — or commission — was levied on the net value for restaurants in smaller cities and towns, while those in large cities were already charged on the gross value. “Effective 14 August (Wednesday), we shall be charging service fee on the gross value of each order as defined under our merchant terms. This change is being implemented across the platform for all our partners to ensure uniformity in our commission structure. This change will marginally increase the service fee payable to us,” Swiggy said in a letter to its restaurant partners. ET has seen a copy of the letter.

Investor Education and Protection Fund Authority (IEPFA) will hold outreach programmes in five key cities, introduce a new five-digit code for calls and tweak rules to expedite claim settlements, a senior official told ET. Other planned measures include a revamped interactive voice response system (IVRS) and a call centre. Securities, dividends and debentures that remain unclaimed for more than seven years are transferred by companies to the IEPFA under the corporate affairs ministry. The authority then oversees claim settlements, with the companies playing a key part in verification and other processes.

Millennials are now wealthier than previous generations were at their age. They can’t believe it either.

ecommerce enabler, forecasts a 40% surge in online sales for the upcoming festive period, led by a resilient Indian economy, growth of aspirational GenZs, and rise of D2C brands. According to data from GoKwik's network, which includes over 4000 direct-to-consumer (D2C) brands, there has been a 38% increase in Gross Merchandise Value (GMV) and a 49% rise in orders in July compared to June of this year. This early spike suggests that the festive shopping season has begun earlier than usual and is being driven by online shopping. This year, with more shoppers adopting a direct-to-consumer (D2C) approach, an increasing number of Gen Z individuals entering the workforce with disposable income, and a growing emphasis on aspirational purchasing of premium products, GoKwik anticipates a 40% increase in orders during the festive season.

India Independence Day: Partition of India, which marked the end of the British Raj, was a hasty, if not botched, affair, so it may sound strange to know Lord Mountbatten, who literally took Partition through, said he wanted an unified India. He said he tried everything to stop the partition. He even said that he regretted it but had no choice. Speaking to veteran journalist Kuldip Nayar, the last British Viceroy and Governor-General of India accepted that he could not «hold» the country and had to hasten the Independence process, leading to a massacre that killed nearly two million people. Also Read: How a multinational company captured a whole country

Maharashtra, an auto-rickshaw driver was killed and his friend injured when an SUV ran over them while they were sleeping at the Versova beach in Mumbai, police said on Wednesday. The incident took place in the early hours of Monday following which the sports utility vehicle (SUV) driver fled from the spot without providing any help to the victims, they said. The SUV driver and another occupant of the vehicle have been arrested. Auto-rickshaw driver Ganesh Yadav and his friend Bablu Shrivastava were sleeping at the beach as they felt hot in their room located nearby in the Sagar Kutir Rahivasi Sangh slum area, an official from Versova police station said.

Oyo has reported its first-ever profit after tax (PAT) of Rs 229 crore for financial year 2024, according to the company's annual report.

Apollo Hospitals on Wednesday rose 4.2% to its day’s high of Rs 6864.95 on BSE after the company on Tuesday reported a net profit of Rs 305 crore for the first quarter ended June 2024 against Rs 167 crore in the year-ago period. The company’s revenue from operations in the reporting period increased 15% year-on-year (YoY) to Rs 5,086 crore as against Rs 4,418 crore in the last year quarter.

South Korean prosecutors have indicted a civil servant for allegedly stealing public funds to buy crypto.

helicopters and crashed into the rooftop of a Hilton hotel in Australia. Hours before the crash, he had attended a party thrown on his behalf celebrating a promotion, his company said.The incident occurred in the early hours of Monday morning in the popular tourist city of Cairns, a coastal town near Australia’s Great Barrier Reef.

Bitcoin’s recent price action has sparked interest among investors, especially as El Salvador’s ambitious $1.6 billion investment in “Bitcoin City” gains momentum.

The country’s two main railways and their workers remain at loggerheads over scheduling, safety or salaries — depending on who you ask — as the clock ticks down on contract negotiations.

Many people want to leave their mark on history, but scratching your initials into ancient structures at a UNESCO World Heritage Site isn’t the wisest way to do it.

Premier League rarely stands still. For the 2024-25 season starting on Friday, there are five newly hired managers, around $1.6 billion worth of new players (and counting), new offside technology, updated financial regulations and a tweaked match schedule. COACHING CHANGES

A Liberian-flagged oil tanker in the Red Sea has been targeted in a third attack by suspected Yemeni rebels in their campaign of assaults over the Israel-Hamas war

Bengaluru traffic police have issued an advisory to companies along the Outer Ring Road (ORR) to implement work-from-home (WFH) arrangements on August 14. The recommendation comes in anticipation of heavy traffic congestion due to a long weekend and predicted heavy rainfall. On August 13, the Bengaluru traffic police issued this advisory through a letter addressed to the Outer Ring Road Companies Association (ORRCA). Joint Commissioner of Police (Bengaluru traffic) MN Anucheth stated, «This is to bring to your attention that heavy traffic congestion is expected on August 14, 2024, due to the upcoming long weekend coupled with the predicted heavy rainfall.» ORRCA represents technology parks, IT/ITeS companies, and software development and research centres on the Central Silk Board-KR Pura section of ORR. The advisory further explained, «To minimize disruptions and avoid undue delays, it is requested that member companies consider allowing WFH for their employees on August 14. This measure will not only reduce the number of vehicles on the road but also ensure a smoother commute for those who need to travel.»

Enforcement Directorate (ED) recently summoned Dabur India chairman Mohit Burman as part of its investigation into an alleged money laundering case related to the open offer made by the Burman family to the shareholders of Religare Enterprises (REL). Also summoned were three independent directors of REL subsidiary Care Health Insurance and the manager of the open offer, said people aware of the development. Most didn't appear in person but sent their representatives. The first round of questions by the federal probe agency is to take their statements and understand and evaluate them. «The probe has commenced and since there are allegations and counter-allegations, those related to the case were summoned,» said one of the persons cited. «Their statements are being studied to evaluate if there is a case of money laundering and if the allegations levelled by the complainant in the predicate offence is indeed true.»

The prices on the menu have been erased at a small hotel in a suburb of Ethiopia’s capital

Cities seldom launch big-ticket infrastructure projects to host a political convention, but landing the high-profile events often provides a nudge to speed up construction

Texas has opened an investigation into a Houston area utility provider over allegations of fraud and misuse of taxpayer dollars during its botched response to Hurricane Beryl