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Audi said Monday it will cut 7,500 jobs by 2029 in Germany, citing «immense challenges» as the country's auto industry battles slowing electric vehicle demand and rising Chinese competition. The cuts — amounting to about eight percent of Audi's global workforce — were aimed at boosting «productivity, speed and flexibility» at its factories in its home market, the manufacturer said. «The economic conditions are becoming increasingly tougher, competitive pressure and political uncertainties are presenting the company with immense challenges,» Audi, a subsidiary of Volkswagen, said in a statement. It is the latest bad news from the ailing auto sector in Europe's biggest economy, which has been hit hard by a stuttering shift to electric cars, fierce competition in key market China from local rivals and weak demand. Audi, headquartered in the Bavarian city of Ingolstadt, said the cuts would be in areas like administration and development and be carried out in a «socially responsible» manner, meaning there would be no compulsory redundancies.

Taylor Swift's sudden disappearance from the public eye due to her noticeable absence.

Falling on a Monday this year, the national holiday gives many a well-deserved break to enjoy parades and festivities. However, for those yet to complete their shopping, it's important to note that most stores will operate on reduced hours, similar to their Sunday schedules, as mentioned in a report by Irish Mirror. Although shops like Dunnes, Lidl, Tesco, Aldi, and SuperValu are open, the bank holiday status means many will open later and close earlier than usual. To avoid disappointment, customers are advised to check specific store hours online before making a trip.

PC Jeweller Ltd on Monday said its board has approved allotment of 51.71 crore shares to a consortium of lenders through a preferential issue to settle Rs 1,510 crore debt. In a regulatory filing, PC Jeweller Ltd stated that the Board of Directors of the company approved the allotment of 51,71,14,620 equity shares by way of preferential allotment on private placement basis to a consortium of lenders comprising 14 banks. The shares have been issued at Rs 29.20 per share.

“They have come and enriched us here, created huge jobs. We must be an open progressive forward society not parochial like some of our neighbors, he said in a post on X. “The best and brightest of India are welcome here.” He was referring to data that showed most unicorn founders came from Maharashtra followed by Delhi, Uttar Pradesh, Rajasthan and Tamil Nadu. In a series of posts, he warned that Karnataka was on its way of losing out massively by the time the term of the present Congress regime ends, while urging chief minister Siddaramaiah to act for a “mid-course correction". The former Infosys board member said this in response to a reported remark by Telangana CM Revanth Reddy that his state was finding it difficult to pay salaries to employees on the first day of every month due to the weak financial position of the state.

National Supercomputing Mission (NSM) has been extended to December this year. It was initiated in April 2015 by the Government of India with a budget outlay of Rs. 4,500 crore for seven years initially. Supercomputing systems under NSM have supported research in critical domains such as drug discovery, disaster management, energy security, climate modelling, astronomical research, computational chemistry, fluid dynamics, and material research. NSM has created opportunities for researchers from tier II and tier III cities to conduct research by providing access to supercomputing facilities.

Economists had expected the February trade deficit to ease to $21.65 billion, according to a Reuters poll. India’s exports last month were affected, with concerns growing about the looming effects of Trump's proposed tariffs, according to government sources cited by Reuters. In addition to this, geopolitical risks, especially concerns over tariffs, will continue to influence trade dynamics, as per a UBI report. The reduction in the merchandise trade deficit was mainly driven by a moderation in the Non-Oil-Non-Gold (NONG) segment, supported by seasonal factors during the quarter, the report added.

«If you look at Mumbai, the entire city was dug up a couple of years back and we are seeing that all these infrastructure projects that started are seeing day of the light and that is why we are seeing a flurry of activity in the peripheral areas, where a huge amount of development are coming up, thanks to the connectivity,» says Prashant Thakur, Anarock Group. Let me firstly ask about Mumbai because that particular market and the region has seen a lot of redevelopment activity, especially if you talk about prime areas like Worli. And not just Worli, let us talk about the suburbs as well, there is constant redevelopment day in and day out. If you could help us understand what is exactly driving this transformation, how do you see this impacting the overall real estate trends in the city? Prashant Thakur: First of all, if you talk about Mumbai, or let us say MMR as a whole, it accounts for 45% to almost 48% of value of real estate sold across the top seven cities in the country. So, undoubtedly, it is kind of powerhouse when it comes to residential sales. And there are several factors apart from being the financial capital of India, the huge amount of job opportunity it generates, it has also seen a huge amount of infrastructure upgrade.

The city is set to host the world's most expansive St. Patrick's Day Parade on Monday. Come March 17, the Fifth Avenue will showcase a vibrant green spectacle, featuring over 150,000 participants marching alongside musical performances and traditional bagpipes. Established in 1762, this parade stands as the oldest and most extensive celebration globally. Run by dedicated volunteers, the event consistently attracts millions of onlookers, serving as a significant cultural celebration of Irish heritage.

BJP Tamil Nadu president K Annamalai and many functionaries were detained here on Monday by the police ahead of the party's protest against the alleged irregularities in state-run liquor retailer TASMAC. The saffron party had announced a picketing protest of the TASMAC headquarters in the city over the alleged Rs 1,000 crore irregularities, as claimed by the Enforcement Directorate (ED) recently. Annamalai, clad in a black shirt, was detained near his house along with his supporters by the police. In a social media post, the BJP state chief alleged senior party leaders including Tamilisai Soundararajan have been placed «under house arrest» by the police. Mahila Morcha chief and Coimbatore South MLA Vanathi Srinivasan, Vinoj P Selvam and Amar Prasad Reddy were among the senior functionaries detained. Annamalai said there have been «irregularities of Rs 1000 crore,» in the Tamil Nadu State Marketing Corporation (TASMAC) and asserted the party will continue to protest on the matter.

Indiana, Kentucky, and Mississippi are attracting workers away from big cities and into rural and suburban areas, according to a report by Fortune. The report states that these towns are offering a range of perks, from something as simple as free eggs to relocation grants of up to $5,000. According to Fortune, Noblesville is providing a $5,000 relocation grant, annual memberships to the town’s coworking space and chamber of commerce, and even a $500 health and wellness stipend. «New Haven, IN, is offering burgers and bourbon with the mayor. In Wabash County, IN, you can join your neighbors on a rafting trip. In Mayfield, KY, they are offering a monthly gift of a dozen locally sourced eggs,» the report added. Amid rising housing costs, struggling education and healthcare systems, and hopes for better infrastructure, many Americans are now considering a move to smaller towns. Citing an analysis from Realtor.com, the report claimed that millennials, in particular, are relocating to small towns and rural areas at the highest rate seen in decades.

antiques, paintings, chinaware and jewellery. Why was he unhappy? Inheritance is money one has not earned. Not everyone is pleased with the windfall. There was a time when the outlook for the future seemed bleak in the minds of the younger generation. Widespread unemployment, poverty and scarcity made many believe that becoming rich was tough, if not impossible. We now live in times when the younger generation is more confident, positive and capable of earning and living well. So, don’t they need their parents’ wealth? Wealth is welcome, but not as unconditionally as before. The younger generation is not desperate, eager to grab what has been left behind, and devise quick ways to use it. If feeling guilty about the largesse seems surprising, being confused, exhausted and isolated is real. Imagine inheriting a bungalow full of stuff that one has to spend days sifting through. One does not even know if something is valuable, and whether there is a market for a seemingly exotic painting.

Blackstone Group is foraying into India’s rapidly growing housing property market, marking a strategic shift after leading the country’s commercial property space, with clear focus on the mid-income and premium segment of the market to begin with, said persons familiar with the plan. While the global alternative asset management firm has already established itself as India’s largest office and logistics landlord, and expanded aggressively into data centers, the proposed acquisition of listed company Kolte Patil Developers, marks its first big bet on housing market. «The plan goes beyond investment to building execution and development capabilities, with no capital constraints for growth. Previously, assets were acquired and consolidated, as seen with Nucleus Office Parks, Horizon Industrial Parks, and Nexus Select. In contrast, the strategy for housing focuses on establishing the platform first and then adding assets,» said one of the persons mentioned above.

Subscribe to enjoy similar stories. New Delhi: India's electrification push in public transportation is slowing, with electric bus sales in FY25 set to show only a nominal increase compared with the year before. Electric bus sales have failed to make significant inroads into the tradition diesel-powered bus market over the past few years.

Adani Group Chairman Gautam Adani announced on Sunday. Initially planned for an April 17 launch, the airport's inauguration has been rescheduled. The greenfield airport, the second major aviation facility in the Mumbai Metropolitan Region after Chhatrapati Shivaji Maharaj International Airport, is being developed by Navi Mumbai International Airport Ltd (NMIAL). The project is a 74:26 joint venture between Adani Airport Holdings Ltd (AAHL) and City and Industrial Development Corporation of Maharashtra (CIDCO).

Andhra Pradesh's Capital Region Development Authority and HUDCO inked a Rs 11,000 crore loan agreement on Sunday for the construction of the greenfield capital city, Amaravati, Government sources said. The agreement was signed in the presence of Chief Minister N Chandrababu Naidu at his residence in Undavalli of Guntur district. «HUDCO and CRDA entered into the agreement in the presence of Chief Minister Chandrababu Naidu… As per this deal, HUDCO will extend a loan of Rs 11,000 crore for the capital construction,» said a press release. A Housing and Urban Development Corporation (HUDCO) board meeting held in Mumbai on January 22 had given a green signal for the loan.

fifth most polluted country, and demanded that all «anti-people» environmental law amendments over the past 10 years be rolled back. In a statement, Congress General Secretary (Communications) Jairam Ramesh said the Swiss air quality technology company IQAIR has just released its 2024 World Air Quality Report which finds that India is the world's fifth most polluted country. The Rajya Sabha MP said in his statement that according to the report, India's population-weighted average concentration of fine particulate matter is 50.6 g/m3 which is 10 times the WHO's annual guideline level of 5 g/m3. He claimed that according to the report, 74 of the world's 100 most polluted cities are in India, and national capital New Delhi is the second-most polluted city in the world after Brynihat in Meghalaya. «Among the lesser-known tragedies of the non-biological PM's reign is the rapidly deteriorating air quality nationally and the inattentiveness and policy chaos that has characterised the government's response to it,» he said in his statement. Ramesh cited several studies in the past about air pollution-linked fatalities in the country.

Subscribe to enjoy similar stories. There is been a resurgence in conversations around regressive patriarchal traditions in relationships with the streaming of Mrs.—the Hindi remake of the Malayalam film, The Great Indian Kitchen. Silvatein, a play by Bengaluru-based theatre director and playwright Shatarupa Bhattacharyya, is especially relevant in this context.

The woman, posting under the Reddit username «IllustratorFresh4423,» recounted that the event took place in Brookfield, Bengaluru. According to her, a resident in the vicinity became agitated, asserting that their festivities were disrupting his peace and leaving the sidewalk outside his home messy. She argued that since the pavement was public property, they had every right to play Holi there. In her detailed account, she described how the disagreement escalated. She stated that she and her friends were enthusiastically taking part in the celebrations when the neighbor suddenly confronted them, instructing them to refrain from playing on the road. When they refused to comply, he returned and, according to her, aggressively demanded that they vacate the area.

quick commerce has caused a significant decline in the sale of food, beverages and confectionery in urban centers, as 52 per cent of physical store retailers reported experiencing the drop, according to a report by global consulting firm PwC. The report says that beyond food, personal care (47 per cent) and household cleaning (33 per cent) are also experiencing significant sales reductions. This suggests that quick-delivery models are more disruptive for consumables that consumers frequently purchase in-store.

The Pantaloons departmental chain run by Aditya Birla Fashion and Retail Ltd (ABFRL) has exited over 40 stores in tier-two and smaller markets in this period. Most Shoppers Stop stores that have been closed are at high-street locations because they «have lost that critical mass» and the company is trying to move them inside malls. Jubilant FoodWorks Ltd, which runs multiple quick service restaurants, said there is a decline in dine-in orders for pizza chain Domino's stores on the high street, even though footfall in mall outlets is robust.