Citi Financial News

Pushkar Singh Dhami on Tuesday said a disaster-like situation prevails in Uttarakhand due to excessive rains and put the losses suffered by the state so far at over Rs 1,000 crore. «Heavy rains this monsoon have destroyed crops, washed away roads, bridges, houses and cowsheds and also claimed the lives of several people and cattle.

Greece, a tragic development emerged when 18 bodies were discovered in a forested area of northern Greece, which has been engulfed by wildfires for the past four days, according to the Greek fire service.

Common Admission Test (CAT 2023) to get admission in various institutes of management, and this year the exam will be conducted by IIM Lucknow. According to IIM Lucknow, the last date to complete the registration is September 13, while the exam will be held on November 26. The applicants are requested to register well in advance to have a hassle-free registration process and to avoid last-minute rush, it said. The CAT exam is scheduled to be held on November 26 (Sunday) in three sessions. In case of any queries, the candidates can check the website www.iimcat.ac.in or reach out to the help desk at 18002108720, an official said. The CAT 2023 will be held across 155 cities, allowing the candidates the choice to select six preferred cities for their test venue. The authorities will make every effort to ensure that the candidates receive one of their preferred options, but if a particular region witnesses high demand, the organising body reserves the right to assign a centre near any of the preferred choices. Once a centre is allotted, candidates are not permitted to request to make any changes. The results are likely to be declared by the second week of January 2024.

Champions League 2023, a group stage draw will be held to decide which team will meet which team and when. While heavyweights like Barcelona, Manchester United, Arsenal, and Savilla are interested to know their opponents so that they can chalk out their strategy, newbies like Union Berlin, Newcastle United, and Lens will begin the preparation for the European adventure once the draw takes place.

Namma Yatri will kick off subscription fees for drivers on its platform, starting September 1. Auto rickshaw drivers in Bengaluru will have the option to either pay Rs 25 per day for unlimited trips, or Rs 3.5 per trip for up to 10 trips per day, beyond which the trips will be free, the Open Network for Digital Commerce (ONDC) enabled firm said in a statement on Tuesday. Drivers opting for the daily payment option of Rs 25 don’t have to pay on days they don’t take more than one ride through the platform. The firm is “committed to maintaining this fee structure for one year and actively exploring further price reductions in the future,” Shan MS, chief growth officer of Juspay, which developed the mobility app, said in a statement. On average, auto drivers on Namma Yatri earn between Rs 150 to Rs 160 per trip currently without the subscription in effect, a spokesperson for the firm told ET.

(Reuters) -S&P Global cut its credit ratings and outlook on multiple U.S. regional banks on Monday, saying higher funding costs and troubles in the commercial real estate (CRE) sector would likely test their credit strength.

Rustomjee Group took over the project in 2018 and fulfilled its commitment towards delivering and turning around the project in record time despite the pandemic and restrictions. The 182 flats will be handed over along with not just the basics of a fully accessible gym, ballroom but other 60+ lifestyle amenities such as 7 tropical pools, a skywalk, a clubhouse, a toddler's area, and a lot more. After all Rustomjee Crown is the finest gated estate in South Mumbai.

The landing of Chandrayaan-3 will be broadcast live in all state-run schools of Uttar Pradesh. Chief Minister Yogi Adityanath said that the institutions would open specifically for the viewing on Wednesday evening. “On August 23, at 5:27 pm, the Chandrayaan-3 moon landing process will be telecast live on the ISRO website, YouTube channel and DD National.

Two weeks after Moody’s Investors Service rattled financial stocks by cutting the ratings for a slew of US banks, S&P Global Ratings is downgrading and dimming its outlook for several more — citing a similar mix of pressures making life “tough” for lenders.

Virgin Australia boss Jayne Hrdlicka has called on the government to reconsider its decision to block Qatar Airways from adding flights to east coast cities, saying it would have an immediate impact on reducing fares and boosting tourism.

For further recommendations, try our annual round-up of the best books, films, TV, music, podcasts and more. Budapest. By Victor Sebestyen. W&N; 432 pages; £25 Forever caught between East and West, the capital of Hungary encapsulates the drama of central Europe in its wonders and horrors.

retail, telecom, among others, strengthened their hiring drives to meet the increase in consumer demand during the upcoming festive season, according to the latest data from leading business services provider Quess. About 32,000 jobs were posted in this period considering the BFSI, retail, and telecom sectors, the data showed. Job roles such as production trainee, branch relationship executive, collection officer, business development executive, broadband sales executive, sales executive, warehouse associate, and customer relationship officer have seen an increase in demand this season. “Despite inflation and profitability pressures, segments such as manufacturing, BFSI, and retail have reflected remarkable growth,” said Lohit Bhatia, President- Workforce Management, Quess. “As many as 32,000 jobs were posted in this period, and we expect this trend to magnify each month by at least 5,000 as we inch closer to peak festivities, especially across industries impacted by direct consumers such as e-commerce, logistics and automobiles,” he added. The manufacturing & industrial segment has noted a 245% growth in demand for professionals over the period April-Aug 2023 (as compared to April-Aug 2022). The automobile manufacturing sector is witnessing an uptick in recruitment, especially in the context of EV manufacturing to meet the consumer demand expected due to the Diwali festivities. The BFSI industry noted a 27% increase in demand for manpower ahead of the festivities, followed by telecom (14%). Telecom has undergone massive digitization efforts with the launch of 5G which has led to considerable job creation in the industry.

Reliance Jio, India’s telecom market leader, may launch its fixed wireless access (FWA) device offering – Jio AirFiber — for the consumer market in the festive quarter at an up to 20% discount from the current options in the market, industry executives and analysts said. This will be the first mainline effort by Jio to monetise 5G after the data top pack it introduced early this year. “We should hear the announcement during the upcoming AGM (annual general meeting). Traditionally, Jio has launched new products with big bang offers and this may be no different,” said a person in the know. Jio did not respond to queries sent on the matter by ET at press time. The telco is said to have started consumer trials across cities where its 5G rollout has completed and stabilised. It has also sent out devices to selected users, including employees, for testing in the home environment in preparation for the launch, those in the know added.

Rakesh Sharma, Executive Director, Bajaj Auto, says “the export opportunity is just unfolding. We are far from seeing it getting exhausted. The scope for two-wheelers in parts of Latin America and Africa is enormous. But participating in international business is not for the faint hearted. It is not for the trader. This is for the manufacturer. This is for people who have a genuine commitment to global play. That is what Bajaj is all about. I would say the emerging markets story is far from exhausted. It holds a lot of potential still, and we are very optimistic about it. But we do not think it is going to play out very rapidly.”We have always looked at Pune as the go-to city as a manufacturing space, especially for auto. What is so special about Pune that makes it perhaps the Detroit of India?Pune is quite a delightful city.

The Russian Central Bank says it plans to begin classifying the digital ruble, the nation’s CBDC, as a “high-quality liquid asset” (HQLA), and will likely eventually oblige banks in the country to follow suit.

CarTrade Tech share price rallied more than 6% on Tuesday, with the stock hitting an intraday high of ₹518.00 apiece on the BSE. The gains in CarTrade Tech shares came after analysts maintained their positive view on the company’s acquisition of Sobek Auto India Private Limited, which includes OLX classifieds platform as well as OLX Autos C2B transactions business.

DCW) chief Swati Maliwal on Monday sat on a dharna at a hospital after she was stopped from meeting the minor girl who was allegedly raped by a Delhi government official. She spent the whole night at the hospital on Monday. Speaking to ANI, Maliwal accused Delhi Police of indulging in ‘hooliganism’ and asked what do they want to hide from her in this sexual assault case.

MUMBAI — Nuvama Wealth Management, the demerged wealth management business of Edelweiss Financial Services, hopes to get listed on the bourses by mid of September, said Ashish Kehair, MD & CEO, Nuvama Group. The company has filed the application for listing with the stock exchanges, and is currently in the process of obtaining the required approvals and clearances. “We anticipate the listing of NWML shares to take place between the end of August and mid-September 2023, subject to regulatory approvals,” Kehair said in an interview with ETMarkets. Edited excerpts:What’s the status of the demerger process as Edelweiss already has NCLT approval?The demerger process was successfully completed following the approval from National Company Law Tribunal (NCLT) on April 27, 2023, which came into effect on May 18, 2023.

1) Heritage walks: Heritage walks are one of the most important part of celebrations of Madras Day, allowing the participants to visit the historical landmarks, colonial-era buildings and cultural hotspots in the historical city. According to a report by The Hindu, a heritage walk by architect Tirupurasundari Sevvel will be held today at 5 pm.

Also read: Wildfire spreads on Spain's Tenerife island, forces thousands to flee homes "Some records could be broken, notably on Tuesday in the Rhone valley with 40-42C expected," said the national weather service Meteo France. The heatwave is described as "intense and long-lasting" and arriving "particularly late in the season." This weather phenomenon results from a period of high pressure that has created a "heat dome" over the country. In 2022, following a suffocating summer of record temperatures and forest fires, France, for the most part, experienced a typical holiday period this year, avoiding the intense heat that scorched southern Europe in July.

storm Hilary flooded streets and triggered mudslides across Southern California. However, no US deaths were attributed to the storm and fears of disaster dissipated, according to a report published by Reuters. In California, Hilary arrived as a rare tropical storm that dumped 4 to 5 inches (1o to 12 cm) of rain on coastal areas and 10 inches (25 cm) or more in the mountains, the National Weather Service Meteorologist Richard Thompson said.