Citi Financial News

₹54,300 and ₹59, 220 respectively. Gold prices moved up in the domestic futures market on August 23. MCX Gold for October 5 series traded 0.07 per cent higher at ₹58863 per 10 grams around 12:09 pm.

Also read: Wagner chief Yevgeny Prigozhin death rumours: How World is reacting to Russian mercenary chief possible demise Prigozhin was convicted of robbery and assault in 1981, and sentenced to 12 years in prison. When he got out, he opened a restaurant business in St. Petersburg in the 1990s.

TikTok is reportedly planning to ban links to outside e-commerce websites such as Amazon, as it ramps up its shopping platform in the US. The move is seen as a way for the company to force people to use TikTok Shop if they want to purchase an item that they see on the app, reports 'The Information'. According to the report, TikTok Shop is on track to lose more than $500 million in the US this year. «TikTok Shop, the app's nascent shopping service, is expected to lose more than $500 million in the US this year,» said the report, citing sources. The loss reflects TikTok's heavy investment in hiring, building a delivery network and «subsidising merchants that offer double-digit-percentage discounts and free shipping,» the report added. Consumers in the US are spending around $3-$4 million a day on TikTok Shop. The company expects this figure to exceed $10 million by the end of the year. TikTok, the short video platform owned by ByteDance, launched online shopping service TikTok Shop in 2021, starting in Indonesia.

Talk about the butterfly effect — an earthquake off the coast of Japan set the stage for a semiconductor manufacturing company to emerge in India.The March 11, 2011, quake centred 130 km off the city of Sendai, on the east coast of Japan, was so powerful that scientists say it accelerated Earth's spin, shortening the length of the day by 1.8 microseconds. The tsunami it set off killed more than 18,000 and wiped out towns.

Reliance Industries: Sovereign wealth fund Qatar Investment Authority (QIA) has agreed to invest ₹8,278 crore ($1 billion) into the retail arm of Reliance Industries Ltd (RIL), marking a fresh round of investments into Reliance Retail Ventures Ltd (RRVL) after the country’s largest retailer raised ₹47,265 crore in 2021. QIA’s investment values RRVL at ₹8.28 trillion or $100 billion, twice its ₹4.21 trillion valuation in 2021. QIA’s investment will translate into a 0.99% stake in RRVL on a fully diluted basis, RRVL said on Wednesday.

Buy or sell stocks for today: Despite mixed global market sentiments ahead of US Fed Chairman Jerome Powell's speech at much awaited Jackson Home meeting, Indian stock market ended higher for third straight session on Wednesday. NSE Nifty added 47 points and closed at 19,444 levels, BSE Sensex gained 213 points and ended at 65,433 mark whereas Bank Nifty index surged 485 points and finished at 44,479 levels.

The Chinese digital yuan pilot’s spread to Hong Kong may be playing a part in driving up cross-border payments, media outlets have suggested.

Minneapolis' mayor has vetoed a minimum wage for Uber, Lyft and other ride-hailing drivers in the city

A federal judge has ordered Mississippi’s largest electric utility to turn over information on customers in and around the capital city who might be using water without paying for it

The leaders of Brazil, Russia, India, China and South Africa have held closed-door discussions on the possible expansion of their BRICS economic bloc

Wisconsin Democrats are trying to prohibit the use of expensive, sham lawsuits to deter criticism by news outlets and members of the public

Natural Gas Regulatory Board (PNGRB) is re-evaluating a rule on performance bank guarantees for city gas companies that has benefited the likes of Adani Gas, Indian Oil and GAIL. The current rule allows the downstream regulator to reduce the performance bank guarantees (PBG) required of city gas licensees to 40% of the initial amount after they have completed their minimum work programme (MWP). Recently, PNGRB allowed a reduction in the PBG by GAIL Gas Ltd and Indian Oil Adani Gas Pvt Ltd after the two entities completed their MWP in their respective licensed areas of Bengaluru and Daman. After having allowed some city gas companies to benefit from this rule, the regulator is now having a rethink as several companies, which have completed MWP, have queued up with their requests for PBG reduction, according to people familiar with the matter.

Sergei Surovikin, nicknamed "General Armageddon", as head of the air force after he vanished from public view during a Wagner mercenary mutiny against the top army brass, two Russian news outlets reported on Wednesday. A recipient of Russia's top military award, Surovikin is the most senior Russian military figure to lose his job over the June 23-34 mutiny, which President Vladimir Putin said could have tipped Russia into civil war. Wagner boss Yevgeny Prigozhin, who spearheaded the revolt, remains free and on Monday posted a video address which he suggested was shot in Africa. The two men Prigozhin had wanted to topple — Defence Minister Sergei Shoigu and Valery Gerasimov, chief of general staff — remain in their posts. Once commander of Russia's overall war effort in Ukraine when he was lauded by Russian and Western military experts as one of its most effective operators, Surovikin has not yet been publicly fired. However, Russian state news agency RIA cited an unnamed but «informed» source as saying: «Ex-chief of the Russian Air and Space Forces Sergei Surovikin has now been relieved of his post, while Colonel-General Viktor Afzalov, head of the main staff of the Air Force, is temporarily acting as commander-in-chief of the Air Force».

House of Masaba is looking at tier-2 and 3 markets as the growth drivers for the beauty label LoveChild, as it scales up amid a surge in the number of brands competing for a share of the country's beauty industry. LoveChild is the beauty label founded by entrepreneur-designer Masaba Gupta and owned by Aditya Birla Group under the House of Masaba Lifestyle franchise. «If we ignore tier-2 and 3 markets, we'll be making a big mistake,» Gupta said on Wednesday, while announcing scale-up plans for the House of Masaba brand, in which Aditya Birla group has 51% stake.

HDFC Capital Advisors and the House of Abhinandan Lodha (HoABL) have formed an alliance to set up a joint venture platform with investments of over ₹1,500 crore to undertake both plotted developments and low-rise projects across key property markets in India. HDFC Capital Advisors will be investing in this new platform through HDFC Capital Affordable Real Estate Fund-3 and the Investment is expected to result in a gross development value (GDV) of over ₹4,500 crore. «We believe there is a significant unmet demand for mid-income low-rise housing in the peripheral areas of tier 1 cities and tier 2 cities, driven by improved connectivity on the back of rapid development of road, rail and air infrastructure projects across India,» said Vipul Roongta, MD & CEO, HDFC Capital Advisors. According to him, through this platform, HDFC Capital will continue to focus on partnering with trusted realty brands to meet the increasing demand for high-quality low-rise developments at affordable prices. «The joint venture with HDFC Capital is a testament to our shared vision of creating exceptional living experiences. By combining our expertise and resources, we are set to redefine the landscape of branded low-rise projects.

₹295, recliner seats are limited to ₹350. Likewise, in Andhra, ticket prices are capped at ₹177 and ₹295 respectively. Tamil Nadu has capped the rates at ₹150, which does not include goods and services tax, and local taxes.

Prime time ‘debates’ on Indian television channels exemplify one of the most dangerous behaviour trends of present-day society. This behaviour trait was first studied by American social psychologists Leon Festinger, Henry Riecken and Stanley Schachter, way back in the 1950s. Dorothy Martin headed a small religious group in Chicago called the Seekers, who believed in an imminent apocalypse.

Telangana High Court has placed under suspension a city court judge in connection with a «direction» given by him to police for registering an FIR against Chief Election Commissioner Rajiv Kumar and several others, official sources said on Wednesday.

After Bruce Pearl discovered Lake Martin in east-central Alabama, he dreamed about owning a piece of property along its shoreline. Pearl, who has been head coach of Auburn University’s men’s basketball team for roughly a decade, began visiting the lake in 2014 on the recommendation of a friend. In 2019, after he coached his team to the NCAA Men’s Final Four , a bump in pay allowed Pearl, now 63, to build his family a vacation home on the lake.

Delhi government also announced public holidays in schools from 8-10 September. As per the orders that are yet to receive the LG's nod, all offices of the city government and the Municipal Corporation of Delhi and private offices will remain closed.

Gola Sizzlers, renowned for its award-winning sizzlers and remarkable dining experiences, has firmly established its dominance in the bustling Delhi-NCR region with outlets located in Connaught Place, Khan Market, Rajouri Garden, Preet Vihar, Pacific Mall – NSP – Tagore Garden - Jasola, DLF Mall of India-Noida, Dlf Cyberhub Gurgaon, Ambience Mall-Gurgaon and Sector 29-Gurgaon, Indirapuram Habitat Centre. These strategic locations ensure that the brand's distinctive flavours and top-notch quality are accessible to food lovers across the city.