Citi Financial News

IPO) of IRM Energy has been witnessing robust response from investors with the overall subscription at 18 times so far on the third day of the bidding process. The issue closes on Friday i.e.

ISB-accelerated EV finance platform, Perpetuity Capital, has secured Rs 5 crore in debt from Clime Finance. Perpetuity Capital is an online platform that helps delivery drivers and autorickshaw drivers avail finance to purchase electric vehicles (EVs) for commercial use.

Omega Seiki Mobility a leading electric vehicle maker has inked a strategic partnership with Honda Power Pack Energy India to incorporate its swappable battery technology in its electric three-wheelers.

Israeli police, telling AFP on Friday that it had made a «moral decision» in light of the war in Gaza. Maryan Apparel in the southern state of Kerala said it had supplied around 100,000 uniforms to Israel's police force for every year since 2015. «It is a moral decision,» the company's managing director Thomas Olickal told AFP. Olickal said in a Wednesday statement that a strike on a hospital and the «loss of thousands of innocent lives» in the conflict had prompted the decision. Israelis and Palestinians have traded blame for Tuesday's deadly strike on the Ahli Arab hospital in Gaza City. Global leaders have condemned the strike and protests have erupted across the Muslim world with stark disagreement over the toll and who is responsible. Palestinian Islamist militant group Hamas accused Israel of hitting the hospital during its massive bombing campaign, and the Hamas-run health ministry in Gaza has put the death toll at 471, though that number is contested. Israel's military has blamed a misfired rocket on another group, Islamic Jihad — a version of events backed by the United States, whose intelligence community has estimated between 100 and 300 people were killed. Hamas militants stormed into Israel from the Gaza Strip on October 7, and killed at least 1,400 people, mostly civilians who were shot, mutilated or burnt to death on the first day of the raid, according to Israeli officials.

The move is aimed at facilitating smooth movement of commuters for the Durga Puja Carnival on that day. At the carnival on Red Road, people are expected to attend in droves. Idols of the top community Durga Pujas in Kolkata are displayed in a colourful parade at the annual carnival. It may be mentioned here that the UNESCO had in 2021 accorded the Intangible heritage status to the Durga Puja in the city. The West Bengal Transport Corporation (WBTC) said it will operate 23 additional buses till midnight on October 27. The Regional Transport Authority (RTA), Kolkata, has also written to all private bus, minibus, taxi and auto-rickshaw unions to ensure the availability of sufficient public transport for smooth transportation of people on that day, an official said. Based on report by ANI

Electric vehicle maker Omega Seiki Mobility on Friday announced a strategic partnership with Honda Power Pack Energy India (HEID) for implementing battery swap technology in over 10,000 passenger and cargo vehicles in the next two years. Under this collaboration, HEID, the subsidiary company of Japanese automobile giant Honda Motor, will provide OSM (Omega Seiki Mobility) swappable batteries for its EVs and set up a network of quick interchange stations in Tier-I cities pan-India, OSM said in a statement. Honda's battery swap service enables auto rickshaw drivers to swap discharged batteries with fully-charged ones at strategically located battery stations, OSM said, adding that the technology significantly reduces initial EV purchase costs, alleviates concerns about range limitations, and minimizes downtime associated with battery recharging. «The swappable battery technology represents a paradigm shift, offering unparalleled efficiency and environmental advantages. It perfectly aligns with our vision of rapid, clean, and accessible electric transportation,» said Uday Narang, founder and Chairman of Omega Seiki Mobility.

‘Cash for Query’ case: Mahua Moitra responds to Darshan Hiranandani's affidavit. Full text Dubey wrote a letter to Lok Sabha Speaker Om Birla and urger for TMC MP's "immediate suspension' from the House alleging that "bribes were exchanged between her and businessman Darshan Hiranandani to ask questions in Parliament in exchange for cash and gifts". The businessman has acknowledged claims that he used the TMC MP's login credentials to pose questions on the Adani group himself.

By Clare Jim and Liangping Gao

Sanjeev Kumar Bijli, ED, PVR Inox, says “on Thursday we opened Leo down south. It has opened to phenomenal admissions and numbers. We have Tiger 3 coming out in November. December is looking jam packed. And it is going to be as good as August with Dunki, Salar. We have Animal, Merry Christmas and Marvels, and Aquaman. I am glad the movie line up is coming on the screen as well. So there is a combination of Hindi, English and regional films that are coming up in this quarter. And they all look amazing. They all look brilliant.” This is the highest ever revenue that we have seen so far in the second quarter. You must be elated at Team PVR INOX. It has been a really steady ship in the second quarter. The question is, can it continue this kind of momentum? It is the festive season for us before the festival starts. We are all very excited and elated by the results in this quarter, which obviously was augmented by the great lineup of films and some great cinemas and new properties that we had added. We are pretty confident and sanguine that this kind of a trend will continue because not only we have a good pipeline of films in the third quarter and the fourth quarter and we are also adding some very exciting new properties going forward.

The Justice Department has secured a $9 million settlement with Ameris Bank over allegations it avoided underwriting mortgages in predominately Black and Latino communities in Jacksonville, Florida, and discouraged people there from getting home loans

San Francisco business leaders launched a new $4 million marketing campaign ahead of a global economic summit expected to bring tens of thousands of visitors to the embattled city

Biden on Thursday asked Americans to spend billions more dollars to help Israel fight Hamas while Israel's defence chief told his troops to be ready to go into the Gaza Strip to destroy the Palestinian militant group. In a televised White House speech late on Thursday that also addressed Ukraine's effort to repel Russia's invasion, Biden said Hamas sought to «annihilate» Israel's democracy. The president, who made an eight-hour visit to Israel on Wednesday, also stressed the urgency of getting relief to Palestinian civilians in Gaza who lack food, water and medicine. «We can't ignore the humanity of innocent Palestinians who only want to live in peace and have opportunity,» he said. Biden said he would ask Congress on Friday to approve extra funding for Israel.

India after the Indian government said it would revoke their diplomatic immunity, escalating a spat over the slaying of a Sikh separatist in Canada. The moves come after Canada's allegations that India may have been involved in the June killing of Canadian citizen Hardeep Singh Nijjar in suburban Vancouver. India has accused Canada of harbouring separatists and «terrorists,» but dismissed the allegation of its involvement in the killing as «absurd» and has taken diplomatic steps to express its anger over the accusation.

HUL), considered a proxy for broader consumer sentiment in the country, reported a 4% increase in both net profit and sales in the September quarter, saying the market was gradually recovering as inflation is no longer a concern. This revival, however, is largely led by urban markets, the company said. Demand in rural areas has fallen on a two year basis although the pace of decline has reduced significantly over both sequential and from a year earlier, it said. Volumes rose 3% in the second quarter, indicating three-fourths of its growth was driven by demand instead of price rise.

PANAMA CITY (Reuters) — The CAF Development Bank of Latin America and the Caribbean has placed a record $1.75 billion bond with a three-and-a-half year maturity and 6% coupon, the bank said in a statement on Thursday.

Bad Bunny, the Puerto Rican artist, has revealed his tour schedule for the upcoming year in support of his latest album, "Nadie Sabe Lo Que Va a Pasar Mañana," featuring 22 songs.

Climate protesters delay the start of Federal Reserve Chairman Jerome Powell's speech at the Economic Club of New York.

Panelists Ben Levisohn, Al Root and Andrew Bary provide insight on the Federal Reserve's moves on 'Barron's Roundtable.'

Shibuya Incident arc of Jujutsu Kaisen has been relentless in its ability to captivate viewers every week, leaving us on the edge of our seats. As the heroes navigate through this labyrinth of chaos and confrontation, they find themselves entangled in ever-deepening peril. The title of Jujutsu Kaisen Season 2 Episode 13, 'Red Scale,' promises more electrifying developments in this enthralling saga.

Gold Price in India Trends and Prediction (October 2023): The retail price of pure 24-carat gold has jumped around Rs 2500 per 10 grams in the last 10 days. At the time of writing today, 24-carat Gold was selling at around Rs 60,490 per 10 grams in Mumbai as against Rs 57,980 on October 9, 2023.

ALYF is a tech-enabled fractional ownership platform that makes holiday home ownership accessible & hassle-free through its smart ownership model. Currently having 9 projects in locations such as Goa, Lonavala and Alibaug, it has plans to expand to international destinations by the middle of next year. And over the next 12 months, its goal is to have over 100 holiday homes in its portfolio.