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Citigroup on Monday offloaded private sector lender HDFC Bank's shares worth Rs 275 crore through an open market transaction. Citigroup, through its arm Citigroup Global Markets Mauritius, sold 15,79,953 shares of HDFC Bank, as per the block deal data available on the BSE. The shares were disposed of at an average price of Rs 1,742.6 apiece, taking the transaction value to Rs 275.32 crore.

Kamala Harris on the campaign trail in Michigan, urging people to elect «America's first female president». Former President and Republican nominee Donald Trump seems to be racing ahead of Harris in the last leg of the campaign. The United States presidential election will be held on Tuesday, November 5. Harris' popularity is declining compared to a month ago after she got a big summertime boost. Various polls and estimates show Trump tied in or ranking ahead of Harris. The race had started tightening a few weeks ago.

Autonomous tech is coming to farming

Boeing is looking to raise up to approximately $19 billion in a stock offering as the aerospace giant, which is dealing with a contentious strike, faces liquidity issues and tries to raise cash

In the last year, job scams have been on the rise, according to the Identity Theft Resource Center, a nonprofit that helps consumers with identity compromises and crime

The head of Volkswagen's works council says the company has informed employee representatives that it wants to close at least three plants in Germany

CarTrade Technologies reported a six-fold increase in consolidated net profit at Rs 30.72 crore for the second quarter ended Sep 30, 2024. The company had posted net profit of Rs 5.04 crore in the corresponding period of the last financial year.

Ecommerce software firm Unicommerce Esolutions, which went public in August, saw its net profit increase by 21% to Rs 4.4 crore for the quarter ended September 2024. The company reported operating revenue of Rs 29 crore for the quarter, from Rs 26 crore a year ago. Its total income stood at Rs 30 crore. The company’s total expenses rose to Rs 24 crore in the September quarter from Rs 22 crore in the same period last year. A significant amount of the expenditure was attributed to employee benefits which amounted to Rs 16 crore and other expenses at Rs 6 crore.

Diddy has lost money inside his declining empire as a former billionaire. Due to numerous high-profile lawsuits and federal criminal charges of racketeering and human trafficking, Sean Diddy Combs' empire, which includes everything from media and television to record labels and liquor brands, is collapsing, as quoted in a report by US Weekly. As a judge decided in September, prosecutors have cited Diddy's extravagant wealth as justification for refusing him bail, claiming that it makes him a possible flight risk who could leave the nation without being caught. Journalist Zack O'Malley Greenburg, known for his research on Diddy’s finances, asserts that while Diddy may have been a billionaire in the past, he is currently not one.

King Maha Vajiralongkorn from Thailand, officially known as King Rama X, is the richest monarch in the world. Vajiralongkorn, 66, ascended to the throne after the death of his father, King Bhumibol Adulyadej in October 2016, according to a report from France24. His father ruled the Buddhist kingdom for 70 years, one of the world's longest-serving monarchs. Vajiralongkorn was crowned in May 2019 when his 88-year-old father Bhumibol Adulyadej passed away on October 13, 2016. What is surprising is that Charles III, the King of the United Kingdom, is a globally influential monarch but he did not make the list of the world’s top 10 richest monarchs. According to the sources, his net worth is estimated to be around $747 million. ALSO READ: Vasundhara Oswal, Indian-origin billionaire's daughter, detained in Uganda. A look at her Rs 1,649 crore house, lavish lifestyle

Donald Trump suddenly began referring to a CNN journalist with a woman's first name multiple times, something that ended up landing him in the headlines for all the wrong reasons, but has also helped in driving his appeal among hypermasculine males. Trump, while criticizing a town hall event where Harris was present, referred to CNN's prominent openly gay journalist Anderson Cooper as 'Allison' Cooper.

Travis Kelce and Taylor Swift may be considering growing their adorable family. Although Taylor Swift and Travis Kelce are not yet engaged, it is said that they are planning to have more children, that is, their furry family. The 35-year-old Kansas City Chiefs tight end is new to the feline fun, but the 34-year-old pop star has always been a cat mom, as quoted in a report by She Knows. According to a report by She Knows, it took a while, but the cats love Travis now and he loves them. He is now a very proud cat parent, and he and Taylor have stated their desire to raise a new kitten together. They love the idea of saving a cat's life, so they need a home for a rescue kitten.

Elon Musk made bold claims regarding potential federal budget cuts under a Trump-led administration. Addressing a crowd of supporters, Musk asserted that he could reduce the federal budget by at least $2 trillion if Donald Trump wins the 2024 presidential election. He criticized current government spending and positioned himself as an advocate for fiscal efficiency. “Your money is being wasted,” Musk declared, adding that he would work to “get the government off your back and out of your pocketbook, as quoted in a report by The Crypto Times.

Donald Trump delivered a speech at a Turning Point Action rally, focusing on tax cuts and taking aim at Vice President Kamala Harris’s campaign. Trump described Harris’s campaign as «imploding,» citing what he claims to be his substantial lead in key battleground states. The speech not only rallied his supporters but also coincided with shifts in the presidential betting odds, reflecting changing perceptions among voters. «She's actually imploding, if you take a look. Because, look, I'm not supposed to say it, but we are leading by so much,» Trump remarked to an enthusiastic audience, as per a report by USA Today.

Gillette India Ltd on Monday reported a 43.5 per cent rise in profit to Rs 133.01 crore for the quarter ended September 2024, led by a broad-based growth. The company, which follows the July-June financial year, had reported a profit of Rs 92.69 crore in the corresponding quarter of the preceding year, according to a BSE filing from Gillette India. Its revenue from operations increased 17.11 per cent to Rs 781.82 crore during the July-September quarter. It was at Rs 667.55 crore in the corresponding period a year ago.

During the bilateral talks held at the iconic Laxmi Vilas Palace here, both leaders also discussed the situation in Ukraine and in West Asia, said Tanmaya Lal, secretary (west), Ministry of External Affairs. «With respect to Ukraine, both sides exchanged their views on how they see the situation. PM Modi reiterated India's position that any such conflict can only be resolved by dialogue and diplomacy. This is not the time for war, this cannot be resolved on the battleground. It is necessary that direct discussion takes place between both the parties,» Lal told reporters.

viral video capturing vehicles seemingly «flying» over an unmarked speed bump on Gurugram's Golf Course Road has sparked a storm of social media reactions and safety concerns. Shared by Bunny Punia, editor at 91 Wheels and social media influencer, the clip shows cars momentarily lifting off the ground as they hit the speed bump at high speed. Social media users quickly recognised the location, identifying it as near Centrum Plaza, opposite HR26 Dhaba, and expressed worries over the absence of road markings or warning signs. Times Now reported that it could not independently verify the exact source or location of the video.

scheduled caste. The commission will be headed by a retired High Court judge. The commission will gather empirical data and make its recommendation on the subject to the government, Law & Parliamentary Affairs Minister HK Patil told the media. The government will ask the commission to give its report in three months, he said, adding that all government recruitments would be put on hold pending the government decision on internal quotas.

Suzlon Energy on Monday reported a 96% jump in its September quarter consolidated net profit at Rs 201 crore versus Rs 102 crore in the year ago period. Company's revenue from operations during the quarter stood at Rs 2,093 crore, up 48% over Rs 1,417 crore reported in the corresponding quarter of the previous financial year. Company's Earnings, Before Interest, Taxes, Depreciation and Amortisation (EBITDA) in the reported quarter stood at Rs 294 crore versus Rs 225 crore in the year ago period. It was 31% higher on a YoY basis. Meanwhile, EBITDA margin in Q2FY25 was down to 14.1% from 15.9% in the year ago period.

In this article

Storch Advisors CEO Gerald Storch assesses the state of the consumer, provides his outlook for the holiday season, and reacts to the September retail sales report.