Citi Financial News

Apple supplier Pegatron's India iPhone factory is expected to extend into Wednesday and disruptions could last longer as authorities investigate a fire at the Taiwanese firm's only India plant, four sources said. Pegatron described the Sunday fire as a «spark incident» which caused no injuries and said has «no financial or operational impact to Pegatron Corporation», but called off all assembly shifts for Monday and Tuesday, Reuters previously reported. Four sources briefed on the matter said Wednesday shifts were also unlikely. One of them said damage was being repaired at the plant in Chengalpattu area near the southern city of Chennai in Tamil Nadu state, and in the worst case the shutdown could last the entire week. One of the sources said Apple representatives were collaborating with Pegatron after the incident. Apple and Pegatron did not respond to requests for comment. Pegatron has asked independent surveyors to assess the fire damage, a fifth source said. The disruptions are the latest to impact Apple suppliers in India, a country where the U.S.

Elton John sick, cuts show short

₹25 per equity share of face value of ₹10 each. City Crops IPO lot size is 6000 equity shares and in multiples of 6000 equity shares thereafter.

Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here While earlier the plans were made as per fixed budgets and available funds, the plans today levy more focus on aspirations and experience, irrespective of the cost, with TNPL as an option. “Factors such as demographics and economic conditions play a crucial role in their decision-making process.

chargesheet filed against Pakistani-origin Canadian businessman Tahawwur Rana in the 26/11 Mumbai terror attacks case, the city police have mentioned that he stayed for two days at a hotel in suburban Powai till November 21, 2008, days before the attacks, an official said. The Mumbai police's crime branch on Monday submitted the over 400-page chargesheet, the fourth in the case so far, before a special court hearing the Unlawful Activities (Prevention) Act (UAPA) cases. Rana, currently under detention in the United States, faces multiple charges for his role in the Mumbai attacks and is known to be associated with Pakistani-American terrorist David Coleman Headley, one of the main conspirators of the 26/11 strikes. The chargesheet mentions that Tahawwur Hussain Rana came to India on November 11, 2008 and stayed in the country till November 21.

Vaibhav Jewellers The initial public offer of Vaibhav Jewellers, which opened on Friday, was fully subscribed on the last day of the bidding process. The overall subscription stood at 1.3 times on Day 3. The NII portion was subscribed the most at 2.3x, followed by the retail category at 1.21x.

Bengaluru bandh called by various organisations over the Cauvery river water dispute evoked partial response on Tuesday with most of the public services functioning normally. Farmers and Kannada organisations, backed by the opposition BJP and JD(S) had made the call for shutdown in protest against the release of Cauvery water to neighbouring Tamil Nadu. Normal life was affected in the city as fewer people ventured out. 'Karnataka Jala Samrakshana Samiti,' an umbrella outfit of farmers' associations and other organisations led by farmer leader Kuruburu Shanthakumar, has given the call for today's dawn-to-dusk (6 am to 6 pm) Bengaluru bandh. Shanthakumar and other leaders of the 'Karnataka Jala Samrakshana Samiti were detained by the police at the Mysuru Bank circle, as they were trying to hold a protest march towards Town Hall. Several activists of Kannada organisations were also whisked away by the police at Town Hall, as they gathered there to stage a protest. Farmers' leaders and Kannada activists hit out at the government for allegedly using police force to curtail the protests and bandh. City police have taken adequate security measures to respond to any violence that may happen during the protests.

FOX Business' Madison Alworth reports from Simi Valley, California, where the 2024 Republican candidates will take the debate stage Wednesday night.

lockdown that had confined them to their dorms, sometimes ten to a room, for weeks on end. Zhengzhou has become one of China’s most problematic cities. GDP per person in Henan province, of which it is the capital, sits at 27% below the national average.

Also read: ‘Empty houses everywhere': Former Chinese official's rare public critique on China's economy Evergrande's main domestic unit, Hengda Real Estate Group, said in a Shenzhen stock exchange filing late on Monday it had failed to pay the principal and interest for a 4 billion yuan ($547 million) bond that was due by 25 September. (Exciting news! Mint is now on WhatsApp Channels: Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Hengda said it will actively negotiate with bondholders in a bid to reach a solution as soon as possible while working to resolve the debt risks and safeguard creditors' rights and interests.

EV motorcycle startup Raptee on Tuesday said it has raised USD 3 million in a pre-Series A funding round. The all-equity funding round led by deep-tech VC fund BlueHill Capital, also saw participation from industry stalwarts as well as HNIs, Raptee said in a statement. The funds will be utilised for augmenting the manufacturing facility, acquiring machinery, tooling for the soon-to-be launched motorcycle, and to scale up the team, it said. «This is our first institutional round.

Mumbai's iconic Hanging Gardens, a beloved 136-year-old landmark, might soon bear the brunt of infrastructure development within the city. As per a TOI report, a proposal to overhaul a colonial-era reservoir beneath the terraced gardens on Malabar Hill is set to render this cherished spot inaccessible to the public over a phased seven-year period. P Velrasu, the additional municipal commissioner in charge of projects, told TOI, «The plan is to demolish and reconstruct the reservoir over a period of seven years.» This ambitious project is expected to necessitate the dismantling of the entire landscaped area and the relocation of approximately 350 trees to an adjacent plot. In response to vehement objections from local residents, Mumbai's guardian minister and Member of Legislative Assembly (MLA), MP Lodha, has convened a public meeting scheduled for Tuesday to address the concerns.

US Polls 2024: Vivek Ramaswamy's Silicon Valley fundraiser dinner to cost ₹41 lakh per ticket. More details here Indian Americans account for around 2.1 million or around 16 percent of the 13.4 million Asian Americans eligible to vote and are the third largest Asian-origin population behind Chinese and Filipino Americans, reported New York Times.

The MCX October gold futures were trading down by Rs 26 or 0.04% from the Monday's closing price at Rs 58,675 per 10 gram on the MCX while the December Silver futures were trading at Rs 71,842 per kg, lower by Rs 308 or 0.43%. On Comex, gold futures were trading at $1,933.10 per troy ounce on Tuesday, down by $3.50 or 0.18% while silver futures were at $23.290, lower by $0.095 or 0.410%. Neha Qureshi, Senior Technical & Derivative Analyst, Anand Rathi Commodities & Currencies sees MCX gold October futures getting stuck in a sideways pattern on the daily charts and expects it to trade in a range between Rs 58,300 and 59,400. «Currently, the price of gold is trading below both its 50-day and 100-day Exponential Moving Averages (EMA), which are acting as resistance levels. Meanwhile, the Relative Strength Index (RSI) is also indicating a bearish sentiment with a negative divergence.

The British government is considering scrapping a big chunk of an overdue and over-budget high-speed rail line once touted as a way to attract jobs and investment to northern England

SYDNEY (Reuters) — Popular Australian tourist destination Byron Bay will limit the availability of some properties for short-term holiday rentals, as authorities try to free up homes for residents amid a nationwide housing crisis.

Tamil Nadu.Who is protesting and why? Farmer bodies, Kannada organisations, and opposition parties have called for a 'Bandh' today in the city to protest against the order of the Cauvery Water Management Authority (CWMA) directing the state to release 5000 cusecs of water to its neighbouring state, Tamil Nadu, for 15 days, effective September 13. Protests have been planned at Freedom Park, Raj Bhawan, and Town Hall by pro-Kannada organisations. However, the Police Commissioner warned that protests would only be allowed in Freedom Park.All political parties extend support Speaking on the bandh, BJP leader C T Ravi said, «Our State Party Chief and BS Yediyurappa declared support.

PTI. The sources also said that the new policy is yet to be announced by the Delhi government. The government had returned to its old excise policy after scrapping its new policy following Lieutenant Governor V K Saxena in July 2022 recommended a CBI probe into alleged irregularities in its implementation.

Read all the latest updates on Bengaluru Bandh here Bengaluru Police Commissioner B Dayananda said that Section 144 will be imposed in the city under which gatherings of more than five people will not be permitted. Yesterday, a meeting was held between two groups of activists and organisations--one led by farmer leader Kuruburu Shanthakumar who has called for a Bengaluru Bandh today, and another led by activist Vatal Nagaraj.

archaeologists describe Peru's capital as an onion with many layers of history, others consider it a box of surprises. That's what some gas line workers got when their digging uncovered eight pre-Inca funeral bales.

Gaza Strip have found dozens of ancient graves, including two sarcophagi made of lead, in a Roman-era cemetery — a site dating back some 2,000 years that archaeologists describe as the largest cemetery discovered in Gaza. Workers came upon the site last year during the construction of an Egyptian-funded housing project near Jabaliya, in the northern Gaza Strip. Since then, crews have worked to excavate the 2,700-square-meter (2/3 acre) site with the support of French experts. Now, what was once an inconspicuous construction lot — surrounded by a grove of nondescript apartment buildings — has become a gold mine for archaeologists looking to understand more about the Gaza Strip. Gaza, a coastal enclave home to some 2.3 million people, has a rich history stemming from its location on ancient trade routes between Egypt and the Levant.