Citi Financial News

Meesho on Monday claimed to have recorded 120 crore customer visits during its recently concluded 10 days festive season sale "Meesho Mega Blockbuster Sale". This is the first time Meesho hosted a festive season sale with Meesho Mall — a digital store within the platforms for brands and claims to have recorded 3 times growth than business as usual these days.

Kupiansk-Lyman sector of the front line in northeastern Ukraine after a sharp increase in fighting there, the commander of Ukraine's ground forces said on Monday. Video footage released by the ground forces showed General Oleksandr Syrskyi meeting troops at an undisclosed location in woodland, and quoted him as saying fighting in the northeastern Kupiansk-Lyman sector had «significantly escalated». «The enemy is preparing, seriously preparing for offensive actions, bringing in staff,» Syrskyi said in the footage posted on the Telegram messaging app. «The main goal is to break through our troops' defences and recapture our territory.» Ukrainian forces recaptured the city of Kupiansk and nearby areas nearly a year ago, ending months of Russian occupation following Moscow's full-scale invasion in February 2022, but Russian forces have gone on the attack in the region again. The Ukrainian military reported in its daily update that fighting was raging along the eastern front, particularly around Kupiansk, and near Avdiivka and Mariinka in the Donetsk region. Russia went on the offensive around Avdiivka last week and fighting there has been intense.

bond sale, a document showed, the first high-profile debt issue from the region since last week's Israel-Hamas conflict unsettled regional markets. The Public Investment Fund (PIF) plans to issue a dollar-denominated Islamic bond, and mandated Citi, HSBC, JPMorgan and Standard Chartered Bank to arrange a series of investor calls starting on Monday. It will be the PIF's second international debt issue this year after it raised $5.5 billion from green bonds in February. The plans come as the troubles in Israel have triggered an increase in volatility in the Middle East and North Africa (MENA) region and seen major investment banks such as JPMorgan and Morgan Stanley downgrade their view on the broader region. A European-based investor said markets were closely watching how pricing and demand for the PIF Islamic bond would shape up in days to come, with the issue being seen as a weather vane for sentiment towards fixed income in the Gulf region more widely in the wake of the conflict. The PIF is the chosen vehicle of Saudi Crown Prince Mohammed bin Salman, the kingdom's de facto ruler, to drive an economic agenda aimed at cutting reliance on oil. A dual tranche of 5- and 10-year tenor senior sukuk, or Islamic bonds, will follow the investor meetings, the document seen by Reuters showed.

The woman who went to court to get an injunction against the “Freedom Convoy” last year is set to testify Monday in the criminal trial of two of the protest’s organizers.

An inexperienced politician and an heir to a fortune built on the banana trade has won Ecuador’s presidential runoff election

Shares of Pfizer are falling before the opening bell as the company cut its full-year outlook, citing declining sales of its COVID-19-related products

Projections show that the majority of voters in Poland’s general election supported opposition parties

Gas and construction trade groups are suing to block New York state’s ban on gas stoves and furnaces in new buildings

California Gov. Gavin Newsom has signed a law to raise the minimum wage for health care workers

American Express on Monday announced a multi-year partnership with Formula One in the first new sports sponsorship in more than a decade for the global payment company

₹3 per order, which marks a 50 percent jump as compared to the existing platform fee of ₹2, a report in The Economic Times stated on October 16. The revised platform fee has been implemented from October 4 onwards, the newspaper said, adding that initially the increased rate was applicable for food orders in Hyderabad and Bengaluru, but was later expanded to all areas of operation across the country. The Bengaluru-based food delivery aggregator has been applying the platform fee on food orders from April this year.

Royal Enfield has launched an assured buyback program for its motorcycles with OTO Capital. The program aims at ensuring a smooth and seamless ownership experience for customers, Royal Enfield said in a statement. OTO Capital is a Mumbai-based finance start-up that offers loans to two-wheeler buyers on flexible terms which involves leasing a two- wheeler and also buying it at the end of the lease tenure by paying the residual amount. The program with Royal Enfield includes flexible tenure options spanning from 1-3 years, up to 45% lower EMIs, and a guaranteed buyback value of up to 77% depending on the tenure coupled with a cash back incentive at the end of the tenure, this initiative is a first-of-its-kind in the industry. The maker of Hunter 350 and Continental GT among other motorcycle brands has launched the assured back program at a time when the competition in the middleweight motorcycle segment where it leads, has been heating up with the entrance of Bajaj-Triumph and Hero-Harley models. The motorcycle-making arm of Eicher Motors has committed its highest ever annual capex of Rs1600-Rs1700 crore for FY24.

Movin, a joint venture between UPS and InterGlobe Enterprises, on Monday, started operations by introducing the second fleet of Electric Vehicles (EV) for its first and last-mile deliveries in Bengaluru, said the brand through its press release. The first fleet was rolled out in Delhi NCR earlier this year. EVs will soon be deployed in Mumbai, Chennai, Hyderabad, Kolkata, and Pune by the end of 2023 as part of its plan to reduce carbon emissions and to align with its long-term sustainability goals, said the company in its statement.

Six-year-old Palestinian-American boy murder case: US President Joe Biden says, '…reject Islamophobia and all forms of…' The FBI is working via Joint Terrorism Task Forces to mitigate threats and keep these communities safe. Their officials are meeting with leaders in Jewish and Muslim communities to mitigate the threats. Police in US cities and federal authorities have been on high alert for violence driven by antisemitic or Islamophobic sentiments.

₹8 billion. India is one of the world's fastest-growing economies and has the largest young population, and Trent plans to capitalise on this growth. The company recently launched 'Samoh', a luxury clothing brand, and opened its first store in April 2023.

Rahul Gandhi is likely to commence his three-day visit to Mizoram on Monday to campaign for the party's candidates for the November 7 assembly polls in the northeastern state, party officials said. During his visit, Gandhi will lead a march in Aizawl city and interact with people, Mizoram Pradesh Congress Committee treasurer Lalmalsawma Nghaka said. The party is likely to announce its candidates for the 40-member assembly polls during Gandhi's visit, he said. «Rahul Gandhi will arrive here on Monday as part of Bharat Jodo Yatra. During his three-day visit, he will participate in a 2-km-long march from Chanmari to Treasury Square in Aizawl and will campaign for our candidates. He will also interact with renowned personalities of the state,» Nghaka said. Gandhi will address a press conference before his departure on October 18, he said.

fertiliser to more than double over the past year, but he is bitterly aware of the consequences. At his farm in northeastern Nigeria, he can no longer afford enough fertiliser, so his corn is stunted and pale, the scraggly plants bending toward the powdery earth. Inside his mud house, he has grown accustomed to explaining to his two young children and pregnant wife why they must make do with two meals a day — and sometimes only one — even as hunger gnaws. As he and his neighbours commiserate over the calamity unfolding across much of Africa, they exchange theories on one source of trouble: Russia's war on Ukraine, which disrupted shipments of key ingredients for fertiliser. «We are in two different worlds, separated by airplanes and oceans,» Chubado said.

UPI has spread its pangs in semi-urban as well as rural India slowly and steadily displacing traditional cash transactions. There is no better validation of this change than the remarkable surge in UPI transactions from a mere 1.8 crore in FY 2016-17 to a staggering 8,375 crore in FY 2022-23.

Click here! Pathum Nissanka, Kusal Perera, Kusal Mendis (capt, wk), Sadeera Samarawickrama, Charith Asalanka, Dhananjaya de Silva, Dunith Wellalage, Chamika Karunaratne, Maheesh Theekshana, Kasun Rajitha, Dilshan Madushanka The weather conditions in Lucknow are set to be hazy and not as hot. According to AccuWeather, there is a 4% probability of rain in Lucknow in the daytime and 65% at night.

Read all the latest updates on Israel-Hamas war at Mint's LIVE blog:United States Secretary of State Antony Blinken has reiterated that the US has Israel's back."The United States has Israel's back. We will stand with it today, tomorrow, and every day, and we're doing that in word and also in deed," Blinken said.US President Joe Biden said he is "confident" Israel will act under the rules of war in its conflict with Palestine.In an interview with "60 Minutes," Biden said that while he believes Hamas must be eliminated entirely, there must be a path for a Palestinian state.Florida Governor Ron DeSantis has said that the United States should not accept Palestinian refugees escaping from Gaza.

Union home minister Amit Shah, who will reach Kolkata on Monday will inaugurate the renowned Santosh Mitra Square Durga Puja in central Kolkata, organised by BJP leader and councillor Sajal Ghosh. This pandal is modelled after the Ram Mandir in Ayodhya.