Citi Financial News

Millets, once a staple in the Indian diet, are coming in vogue again thanks to growing consciousness about health and government campaigns. India wants to make itself a “global hub" of these grains, and the United Nations has declared 2023 the International Year of Millets to raise awareness. However, many Indians do not know much about various kinds of millets, and even if they do, they don’t necessarily consume them or even see themselves doing so in the near future, found a survey of 11,281 Indians conducted by Development Intelligence Unit, a collaboration between Sambodhi, a research group, and Transforming Rural India, a non-profit.

New Delhi: The MCA21 portal, on which about 1.5 million active companies file their statutory documents, has been rebuilt from scratch and is now making the transition to a high-security filing regime. After professionals like accountants complained about difficulties in filing documents, the ministry of corporate affairs held extensive public consultation across multiple cities in June and is closely monitoring the functioning of the portal revamped by a private service provider. So, has the new corporate reporting regime taken off? Mint takes a look.

TikTok phenomenon in the U.S. to respond faster to trends and keep rebalancing the distribution of its products to continue betting on its retail partnerships with Ulta Beauty, Target and Sephora-Kohl’s ventures, where mass beauty brands top sales. Indie brand e.l.f.

Bittu Bajrangi was remanded in police custody for a day by a Nuh court on Wednesday in connection with communal clashes that erupted in the district on July 31, and police said his associates will also be arrested soon. Bajrangi alias Raj Kumar was arrested on Tuesday from Faridabad after a fresh FIR was registered against him at Nuh's Sadar police station based on a complaint by Assistant Superintendent of Police Usha Kundu, they said. According to the FIR, Bajrangi, who was identified through social media posts, and some of his unidentified supporters had allegedly misbehaved with and threatened an ASP Kundu-led police team which had stopped them while they were carrying swords and trishuls to Nalhar temple.

A record of the Federal Reserve’s July policy meeting due Wednesday is set to show only a minority of officials favored holding interest rates steady over the remainder of the year, according to Bloomberg Economics.

Bengaluru, known for its technological prowess, is gearing up for a unique celestial event – Zero Shadow Day – which is set to occur for the second time this year on August 18. This captivating occurrence, happening at 12:24 PM, will result in an intriguing phenomenon: pedestrians strolling along the city's streets will struggle to discern their own shadows. During this time, stationary objects like people or poles will cast no shadows on the ground, unless, of course, they decide to leap.

coworking firm BHIVE plans to raise Rs 400 crore coworking-focused CAT-2 alternative investment fund (AIF) to fuel its growth. The proposed new fund will acquire fully completed commercial real estate properties at prime locations with clear titles and occupancy certificates and a capex of a set. Over the past year, BHIVE has solidified its position as the largest co-working operator in Bengaluru, closing transactions upwards of Rs 200 crore.

A total of Rs 57,613 crore has been allotted to the scheme. Of this, the central government will provide Rs 20,000 cr and the balance will be paid for by the state governments. With an eye on green mobility and climate change readiness, 10,000 new electric buses will be rolled out in 100 cities, Thakur said.

Delhi minister Atishi on Wednesday said the AAP dispensation has decided to establish coordination among different departments of the government and the National Capital Civil Service Authority. Citing a bill pending in Parliament to replace an ordinance on Delhi's services matters, Chief Minister Arvind Kejriwal had deferred the National Capital Civil Services Authority (NCCSA) meeting scheduled for July 28. At that time, the panel secretary had said it would affect the city administration.

Mumbai, Mayank Pandey, who has carved out a unique spot for himself in the bustling city by setting up a modest coffee stall named «The Coffee Bar.» The viral moment occurred when a passerby, D Prasanath Nair, shared his encounter on X, the former Twitter platform. The eye-catching feature of Mayank's stall is a poster that succinctly conveys his lofty ambition: «It's my dream to take my The Coffee Bar to global market.» This poster speaks volumes about his determination to transcend local boundaries and introduce his creations to a global audience. Situated in the vibrant locale of Thakur Village in Kandivalli East, Mayank's stall boasts a variety of coffee options, ranging from cappuccino and mocha to latte and black coffee.

Salaried employees living on rent are allowed to claim deductions against the House Rent Allowance (HRA) provided by employers. For rent paid up to Rs 1 lakh, salaried employees are not required to submit their landlords’ Permanent Account Numbers (PANs). However, claiming a fake HRA deduction by showing below Rs 1 lakh rent to evade PAN submission can trigger a notice from the Income Tax Department.

By Neeraj Agarwala

Climate change is a major issue for India, as it is for many other countries. The construction industry, which contributes significantly to greenhouse gas emissions, plays a critical role in exacerbating climate change. As India strives for sustainable development, it must consider the environmental impact of its built environment. Regulating net-zero buildings aligns with the United Nations Sustainable Development Goals, promoting affordable and clean energy, sustainable cities and communities, and climate action.

In his Independence Day Speech 2023, Prime Minister Narendra Modi said the Government will provide cheaper home loans to those living in rented houses in cities through a new scheme.

Outgoing Transurban chief executive Scott Charlton says there will be no loss of momentum when he departs the $43 billion toll road group in October and is replaced by finance boss Michelle Jablko, expanding the number of women running Australia’s top companies.

NATO member Poland displayed its state-of-the-art weapons and defense systems at a massive military parade Tuesday, as war rages in neighboring Ukraine and ahead of parliamentary elections in two months. President Andrzej Duda, the chief commander of the armed forces, said in his opening speech that the protection of Poland's eastern border is a key element of state policy. He also noted that Poland is supporting Ukraine in its struggle against Russia's aggression of almost 18 months.

News18 has reported citing local sources. The five star hotels which is reportedly to host the top dignitaries of the world include Taj Mahal, Taj Palace, Maurya Sheraton, Le Meridien, Shangri-La, Imperial, Oberoi, Leela, sources told the daily. Speaking about where the top leaders will be staying, top sources told News18 that US president Joe Biden is likely to stay at ITC Maurya whereas Chinese President Xi Jinping at Taj Palace.

yellow metal which is now trading in an oversold zone. The DXY was trading at 103.19, albeit with a negative bias. The MCX October gold futures were trading with losses at Rs 58,812 per 10 grams on the MCX in the opening trade, down Rs 162 or 0.27%.

Elon Musk and Mark Zuckerberg, the two tech giants engaged in another round of subtle verbal sparring. Zuckerberg posted on Instagram story, “Send me the location" along with the screenshot of Musk’s tweet where he had first challenged the Meta owner. Responding to this, the X-owner accused Zuckerberg of apparently not accepting the challenge.

Joe Biden on Tuesday finally broke his silence on the deadly Hawaii wildfires that killed over 80 people in Maui, the most-affected island whose name was missing in his speech yesterday, according to a report published by The New York Post. His address came after facing harsh criticism for spending Sunday on the beach and refusing to comment on the situation of the Hawaii blaze when media persons asked about it.

Uttarakhand and Himachal Pradesh has led to a rapid increase in the river water level, as per ANI reports. The rain continues to wreak havoc in Himachal Pradesh and Uttarakhand. Amid incessant rains, the Indian Meteorological Department (IMD) has issued a ‘red alert’ for several parts of both Himachal Pradesh and Uttarakhand and forecasted ‘heavy to hefty rains' for the next 24 hours.