Citi Financial News

Israel long thought its hi-tech security barrier blockading the Gaza Strip was impenetrable, brimming with razor wire, cameras and sensors and fortified with a concrete base against tunnels and remote-controlled machine guns. But in the aftermath of the surprise Hamas onslaught, soldiers who were on guard duty have recounted the shocking moments when the militants launched their complex operation to breach Israel's «Iron Wall» around the enclave in multiple locations. The massive attack at dawn Saturday came under cover of a rocket barrage aimed at Israel and involved sniper fire, explosives dropped from drones, and bulldozers that ripped through the six-metre (almost 20-foot) tall double fence barrier. More than 1,500 militants quickly swarmed through in pick-up trucks and on motorcycles, joined by others using gliders and speedboats at sea, to unleash gun attacks that claimed hundreds of lives in nearby communities. «At 6:30 am (0330 GMT) the rockets started,» a lookout soldier who was stationed in Nahal Oz, across from Gaza City, said in a televised interview from her hospital bed. «About 30» militants quickly occupied the army base and held it for seven hours, the soldier, identified only as Y., told Israel's Channel 12. «I sprinted barefoot to the bomb shelter, and after an hour we started hearing voices in Arabic, and they started shooting at the entrance,» she recalled. Until an elite Israeli army unit finally retook the base, «for all those hours, it became their (Hamas's) camp», the soldier said. — Sniper attacks - In the opening moments of the massive attack, snipers «fired at the observation posts» dotted along the 65-kilometre (40-mile) long barrier, an Israeli army spokesperson told AFP. A soldier

Narendra Modi chaired a high-level review meeting on Tuesday to review the progress on schemes that were announced by him on Independence Day. With a special focus on welfare projects for women, PM Modi had announced making 2 crore Lakhpati 'didis' that is making 2 crore women engaged in self-help groups (SHGs) or Anganwadis Lakhpatis and empowering 15,000 women SHGs. During the meeting, he took stock of the various livelihood interventions planned to achieve this target. In his Independence Day speech, the Prime Minister announced the Centre's plan of equipping 15,000 women SHGs with drones for agriculture and related purposes. PM Modi was given an overview of the plans to implement this, ranging from training of Women SHGs to monitoring activity. The Prime Minister had also spoken about taking the number of Jan Aushadhi Stores in India to 25,000 from 10,000 currently to increase the reach of affordable medicines. In Tuesday's meeting, PM Modi reviewed the implementation strategy for this expansion. Earlier this month, PM Modi chaired another meeting to review the progress of schemes including ensuring affordable credit for poor and middle-class housing. Also in his speech, the Prime Minister mentioned ensuring solar power for households and the meeting reviewed preparations to execute the scheme.

Mumbai: Back in April 2022 when the funding winter for the startup ecosystem had just about set in, social commerce-focused online e-grocer DealShare started out on a path that would change the face of the startup, eventually triggering a change in its leadership and business model. The change was coming at an odd time. DealShare had set up shop in eight states, and had announced plans to aggressively expand that footprint.

Flipkart. Furthermore, interested buyers can benefit from additional savings through bank offers and exchange deals. For further details on the reduced price of the iPhone 11 on Flipkart, read on.

Investing.com — Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at Corning, Qorvo, Skyworks Solutions, and Juniper Networks.

More states are requiring personal finance education before students graduate from high school

More headwinds are barrelling down on Canada’s housing market.

₹2,62,996. Customers can reserve the motorcycle by paying a refundable booking amount of ₹10,000. Additionally, Triumph will provide over 25 accessories to cater to various rider requirements.

₹1,000 crore each as of 31 August 2023, according to an annual list published by Hurun India on Tuesday. These entrepreneurs comprised 66% of the 1,319 such super-rich individuals in the country, up from54% five years ago. The list saw 278 new entrants, a sharp recovery from the drop seen last year owing to volatility in financial markets.

Israel intensified airstrikes on Gaza on Tuesday while the Israeli military prepared for a ground invasion of the Palestinian enclave that Israeli officials warned could be more destructive than any offensive there in recent history. Israeli airstrikes reduced parts of an exclusive Gaza City neighborhood to rubble as the Israeli government stepped up its reaction to this weekend’s cross-border incursion by Hamas gunmen who killed more than 900 Israelis and took more than 100 hostage. Israeli strikes have killed more than 780 people in Gaza since, according to the enclave’s health ministry.

₹6 lakh per ODI ( ₹3 lakh if not part of playing XI) Australian players get A$15,000 ( ₹8 lakh) per match Indian players also have annual retainer contracts in crores, depending on their grade (A+ contracts are worth ₹7 crore, A worth ₹5 crore and so on) Australia too has retainer contracts in place, but the value is not known South Africa has retainer contracts (but no per-match fee) Disney Star (previously Star India) secured exclusive media rights for the ICC World Cup 2023, under a pact valued at $2.02 billion covering 2015-2023. The ICC projects returns surpassing $500 million from this year's World Cup alone.

The escalating costs of commercial spaces in metropolitan areas have propelled commercial development in Tier 2 and Tier 3 cities. The surge in entrepreneurial endeavours and the demand for budget-friendly spaces have also contributed to this growth, says Mohit Goel, Managing Director, Omaxe Ltd, a prominent real estate player in northern India.

By Srinath Sridharan

Investors are backing off from bets on a continued selloff in US stock futures, according to Citigroup Inc. strategists.

Porter has announced its foray into Kanpur with its diversified logistics services. The tech-based on-demand logistics companies seeks to ensure efficient and hassle-free goods movement through its range of vehicles.

Andhra Pradesh CID on Tuesday initiated the interrogation of TDP general secretary Nara Lokesh in connection with the Amaravati Inner Ring Road scam case. Lokesh reported to the CID's Economic Offences Wing-II office at Tadepalli in Guntur district at 9.55 am.

Windows 12, Microsoft's much-awaited successor to Windows 11, have gained momentum following a recent discussion at the Citi 2023 Global Technology Conference during which possible hints for the upcoming operating system (OS) were dropped.

The Albanese government will adopt a new definition for “critical minerals” influenced by the needs of Australia’s defence and trade partners, in a move that could drive domestically abundant commodities such as coking coal, bauxite and iron ore onto the list.

Hong Kong's leader says the city will seek to strengthen its economic and trade ties with Thailand after a meeting with the country’s prime minister

Indian whisky brand, has achieved international recognition by securing the coveted title of «Best in Show» Double Gold award at the prestigious Whiskies of the World Awards. This impressive accolade now ranks Indri as the world's premier whisky brand, as bestowed by Whiskies of the World. This remarkable feat was accomplished with the launch of the 2023 Diwali Collector's Edition from Indri.

Donald Trump’s longtime finance chief is set to testify as the former president’s civil trial enters its second week