Landmark Financial News

Reliance Retail is planning to launch a value apparel format to compete directly with Tata’s Zudio, Landmark group owned Max and Shoppers Stop’s new mass priced brand InTune. All products in Yousta are priced below Rs 999, with a majority priced below Rs 499. “The team will continuously work with India’s younger generation to understand their evolving fashion needs,” said Akhilesh Prasad, President and CEO – Fashion and Lifestyle, Reliance Retail. Experts said India's consumption structure has been skewed in the past over a narrow base of richer consumers accounting for a large chunk of the overall market. However, as the economy is broadening across many more cities and the impact is reaching further down the income ladder, the opportunity for value-formats and value-brands is expanding. Yousta has partnered with a non-profit for customers to donate old clothes at stores and allow them to be used for community programs. The product can also be accessed online through Ajio and JioMart. Reliance Retail Limited is a subsidiary of Reliance Retail Ventures Limited (RRVL), the holding company of all the retail companies under the RIL (Reliance Industries Limited) group.

Renewable energy solution provider Suzlon Group on Thursday said it has bagged an order from Integrum Energy Infrastructure for the development of a 31.5-MW wind energy project. "Suzlon will execute the project with a scope of supply, installation, and commissioning. Additionally, Suzlon will offer post-commissioning operation and maintenance services," the company said in a statement.

targeted advertisements and give researchers more access to data on how its products work, to comply with landmark European Union online content rules, the Alphabet unit said on Thursday. Known as the Digital Services Act (DSA), the new rules are more onerous for Meta Platforms, Microsoft, Twitter, booking.com, Pinterest, Snap Inc's Snapchat, Wikipedia, Zalando and Alibaba's AliExpress because of their large number of users. The DSA will go into effect on Friday and requires companies to do more to tackle child sexual abuse material and disinformation, be more transparent on their algorithmic processes, bots and targeted advertisements and to remove illegal, unsafe or counterfeit products sold on their platforms. «We will be expanding the Ads Transparency Center, a global searchable repository of advertisers across all our platforms, to meet specific DSA provisions and providing additional information on targeting for ads served in the European Union,» Google's vice president for trust and safety, Laurie Richardson, said in a blogpost. «We will increase data access for researchers looking to understand more about how Google Search, YouTube, Google Maps, Google Play and Shopping work in practice, and conducting research related to understanding systemic content risks in the EU,» she said. The U.S.

Omaxe Chowk – the prominent retail and food destination in Chandni Chowk, the vibrant market of Old Delhi – has applied for the Occupancy Certificate (OC). With this, the groundwork has started to open it shortly.

China so that it can undergo negotiations with Beijing to «amend and strengthen» the landmark deal, the State Department said on Wednesday. For over 40 years, the agreement between the two countries has yielded cooperation across a range of scientific and technical fields, a powerful sign that the rivals could set aside their disputes and work together. The deal, signed when Beijing and Washington established diplomatic ties in 1979 and renewed about every five years since, has resulted in cooperation in areas from atmospheric and agricultural science to basic research in physics and chemistry. But concerns about China's growing military prowess and theft of U.S. scientific and commercial achievements have prompted questions about whether the Science and Technology Agreement (STA), set to expire on Aug. 27, should continue. «This short-term six-month extension will keep the agreement in force while we seek authority to undertake negotiations to amend and strengthen the terms of the STA. It does not commit the United States to a longer-term extension,» a State Department spokesperson told Reuters.

Amit Shah on Wednesday hailed the successful landing of Chandrayaan-3 on the lunar surface and said with this, India became the first nation to touch the south pole of the moon. In a giant leap for its space programme, India's moon mission Chandrayaan-3 touched down on the lunar south pole at 6.04 pm, propelling the country to an exclusive club of four and making it the first country to land on the uncharted surface. «As the world watches Chandrayaan-3 script India's epoch in space, I express my heartfelt gratitude to ISRO and our scientists for their undeterred efforts to make this mission a historic success. »This landmark achievement is not only a testament to the power of Indian genius but it also launches India's voyage through the Amrit Kaal to emerge as a global leader in the realm of space, as envisioned by Prime Minister Narendra Modi Ji," Shah wrote on 'X'. The home minister said India became the first nation to touch the south pole of the moon with the success of the Chandrayaan-3 mission. «The new space odyssey flies India's celestial ambitions to newer heights, setting it apart as the world's launchpad for space projects.

WhatsApp has reportedly unveiled its most recent privacy initiative with an interactive 3D anamorphic exhibit positioned at the Gateway of India in Mumbai. This distinctive exhibit demonstrates WhatsApp's privacy measures and controls in a visually enthralling approach.

Chandrayaan-3, is poised to achieve a historic milestone by making a first successful landing on the southern polar region of the Moon. Amidst this anticipation, Indian Space Research Organisation's (ISRO) scientists at Space Applications Centre (Isro-SAC) and the Physical Research Laboratory (PRL) reflect on how the landing site was choosen for Chandrayaan-3. The best landing site of Chandrayaan-3 was meticulously pikced through an exhaustive analysis of diverse datasets gathered from prior lunar missions, including Chandrayaan-1, Chandrayaan-2, Selene, and the Lunar Reconnaissance Orbiter (LRO) mission led by the US. The parameters for selection included a thorough assessment of the lunar topography, slope characteristics, illumination patterns, and potential hazards.

Lifestyle International, the company that runs an eponymous department chain in India, grew 46% in the year to March 31, 2023 to '11,810 crore. According to financials sourced from Tofler, Lifestyle International reported a net profit of '700 crore in 2022-23, a 160% jump from the last financial year. Total expenses for the fiscal was at '10,877 crore. In comparison, Shoppers Stop reported '5,066 crore annual revenue and Aditya Birla Fashion and Retail reported '12,418 crore in revenue. Lifestyle International, part of Dubai-based Landmark Group, operates Lifestyle department store chain, value format Max, and home furnishing store Home Centre. Sales of organised retail segments grew 34% in FY22-23 compared to pre-pandemic (FY20), largely driven by quick service restaurants, sporting goods and electronics, a report by the Retailers Association of India (RAI) said. However, in the last few months, the growth rate has slowed down.

Morgan Stanley analysts maintained an Overweight rating on Novo Nordisk (NYSE:NVO) in a note Tuesday ahead of the SELECT trial data. The analysts raised the price target on the stock from DKr 1,210 to DKr 1,370 per share.

Lachlan Murdoch has paid more than $1.3 million in legal costs to Crikey to settle the bill associated with the media mogul’s abandoned defamation proceedings against the small Canberra publisher.

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.

Trump said he will turn himself in on Thursday in Georgia to face racketeering and other charges stemming from his bid to overturn the 2020 election. Writing on his platform Truth Social on Monday, Trump said that that day he would be «ARRESTED by a Radical Left District Attorney, Fani Willis,» the Georgia official who brought the year's fourth indictment against the former president. The judge in the case earlier approved a $200,000 bond for Trump in the racketeering case filed against him in the southern state. Trump and the 18 other co-defendants in the landmark case have until noon (1600 GMT) on Friday to turn themselves in to the authorities in Georgia to be booked. In his post Trump said Willis is acting «in strict coordination with Crooked Joe Biden's DOJ.

On 9 August, the scourge of ‘ragging’ claimed its latest victim when a minor student, barely a few weeks into his new campus life at Jadavpur University, Kolkata, ended it by jumping from his hostel building after harassment, torture and sexual debasement. About a dozen seniors prevented the administration and police from entering the campus while trying to ham-handedly doctor the crime scene to make it appear that the victim had committed suicide with no role played by others.

Eiffel Tower on Thursday. This incident has ignited concerns over security at the globally renowned landmark.

Shibani Sircar Kurian, Senior EVP, Fund Manager & Head -Equity Research, Kotak Mahindra AMC, says “the way we have been approaching the market has been to look at domestic facing sectors and businesses where we are seeing growth and earnings trajectory remaining fairly intact. Sectors where we continue to remain positive include industrials, auto, cement, and banking. Now, within banks, if you look at the way the entire segment has played out, the larger private banks, despite the fact that they have seen improvement in terms of profitability, have not seen multiples re-rate.

Murmu launched INS Vindhyagiri at Garden Reach Shipbuilders & Engineers Ltd (GRSE) in Kolkata. West Bengal Governor CV Ananda Bose and state Chief Minister Mamata Banerjee were also present at the programme. President Droupadi Murmu said that India is poised to become the third largest economy in the world and the launch of INS 'Vindhyagiri' will strengthen Indian navy and help India become «Atmanirbhar Bharat» through indigenous ship-building.

The volatile nature of the cryptocurrency market is once again underscored as Bitcoin, the foremost digital currency, witnesses a significant drop, plummeting to levels around $29,000.

By Isla Binnie

IndiGo, owned by InterGloble Aviation, stated on August 16 that they will start flight services between Almaty and Delhi from September 23, 2023, onwards. This will be IndiGo’s 32nd international destination and the 111th overall station within the extensive 6E network.

Governments globally including others like New Zealand said they are taking a 'keen interest' in not just the implementation of the Bill in the world's most populous country but also its approach to privacy regulation at large. While officials at some countries such as Norway told ET that they are even looking to introduce clauses that could mirror those in the DPDP Bill, others in countries such as South Africa said the success of the Bill was very critically tied to how the Data Protection Board (DPB) functions.