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₹200 per kg since June, while those for onions, another staple in Indian cooking, have risen 80% in some areas like New Delhi. Food inflation for July hit a staggering 11.5%, far more than 4.6% in June and marking a three-year high. As purse strings tighten, the pain felt by India's clothing and shoe retail sector - worth an estimated $62 billion in 2022 according to Euromonitor International.

Adani's plan to rehouse a million people living in one of Asia's biggest slums is fuelling worries among residents about his capacity to deliver amid high-profile financial setbacks and allegations that Prime Minister Narendra Modi's allies afforded him favourable treatment. The Dharavi slum, about three-quarters the size of New York's Central Park, featured in Danny Boyle's Oscar-winning 2008 movie "Slumdog Millionaire". Adani is at the helm of plans to redevelop Dharavi after the Maharashtra state government in July approved his $614 million contract bid to overhaul the slum, which is known for producing leather goods, following years of failed attempts.Adani Group aims to demolish what it describes in legal documents as an area of «unhygienic, deplorable» conditions and build new towers on state-owned land to accommodate residents and their businesses. Consultancy Liases Foras estimates Adani may invest up to $12 billion on remaking Dharavi and in return get development rights that could yield revenue of up to $24 billion. Only those who already lived in Dharavi before 2000, mostly ground-floor residents, will get free homes within the redevelopment. About 700,000 inhabitants of mezzanine and upper floors are considered ineligible by the government and will be offered units up to 10 kilometers away, which they say could require them to pay upfront costs or higher rents.

US Federal Reserve Chair Jerome Powell at Jackson Hole. The local currency opened at 82.55 a dollar as compared to Friday’s close of 82.65. The dollar eased from a 12-week peak as traders weighed the US monetary path after the Fed Chair Jerome Powell left open the possibility of further interest rate increases, while the yen hovered close to its lowest in over nine months, Reuters reported.

Indian stock market is likely to open higher on Monday led by positive global cues amid gains in Asian and US peers. This week, investors will eye a host of stock market triggers including the much-awaited annual general meeting (AGM) of oil-to-telecom conglomerate Reliance Industries, macroeconomic data, global cues, and more. In the week gone by, Indian stock market consolidated in a range and settled lower for the fifth successive week, the longest streak since April 2022, amid weak global cues.

BBC. Authorities informed that the abusive calls had begun since the release of Fukushima water into the Pacific and the callers usually speak in Chinese, English, and Japanese language. The callers strongly oppose Japan's move to release treated radioactive nuclear water.

By Sarah N. Lynch and Maria Caspani

(Reuters) — National Australia Bank (OTC:NABZY) is preparing to cut around 60 jobs of the 600-staff at its markets division and undertake a broad restructuring exercise across its seven business, the Australian Financial Review said on early on Monday citing sources.

Reuters. The January-June loss was 33 billion yuan ($4.53 billion) versus a 66.4 billion yuan loss in the same period a year earlier, said the firm. Since late 2021, Evergrande has seen a string of debt defaults, unfinished homes, and unpaid suppliers, shattering consumer confidence in the world's second-largest economy.

Go First's Ireland-based lessor ACG Aircraft Leasing has told the court that fan blades, escape slides, and several other critical parts are missing from at least two aircraft of the airline, according to media reports. Reuters reported that ACG Aircraft informed the court of the missing parts as it seeks to recover the aircraft. After Go First went bankrupt and halted their operations in May 2023, several foreign lessors of India's budget airline have been locked in a legal dispute.

By Fergal Smith

By Nidal al-Mughrabi

MANILA (Reuters) — China's «aggressive behaviour» in the South China Sea, including the use of water canon by its coast guard against a Philippine vessel, must be challenged and checked, the commander of the U.S. Navy's Seventh Fleet said on Sunday.

China halved the stamp duty on stock trading effective Monday in the latest attempt to boost the struggling market as a recovery sputters in the world's second-biggest economy. The finance ministry said in a brief statement on Sunday it was reducing the 0.1% duty on stock trades «in order to invigorate the capital market and boost investor confidence». Reuters reported on Friday that the authorities were planning to cut the duty by up to half after a key share index fell to nine-month lows. «Such a policy will likely give a short-term boost to the market but won't have much effect over the long run,» Xie Chen, a fund manager at Shanghai Jianwen Investment Management Co, said before the announcement.

One of the most contentious debates you can have with an oil trader these days is about U.S. production. Many “long crude”, the market parlance for those betting on higher prices for a barrel, simply refuse to swallow the government line that output, which was virtually unchanged for over a year, had suddenly jumped a half million barrels per day in one week — and growing since.

Fukushima nuclear power plant, according to a report published by the news agency Reuters. Japan began dumping the water from the plant north of Tokyo into the sea on Thursday despite objections both at home and abroad from fishing communities and others worried about the environmental impact.

AP, this neighbourhood is located just a short distance away from the location that had been recently devastated by fires. Firefighters effectively managed to control the blaze, employing tactics such as helicopter water drops and ground-based hose operations. Also Read: Maui fires aftermath: Concerns over 'climate gentrification' rise in Hawaii John Heggie, a representative from Maui County's Joint Information Center, provided information about the firefighting efforts.

Reliance Industries, macroeconomic data, global cues, and more. Markets consolidated in a range and settled lower for the fifth successive week -the longest streak since April 2022 - mainly pressurized by weak global cues. The tone was positive for most of the week but a decline in the final sessions pushed the index in the red.

Kremlin said Western suggestions he had been killed on its orders were an "absolute lie." In the clip, taken from an interview originally published on April 29 with Russian military blogger Semyon Pegov, Prigozhin said Russia was on the brink of disaster because the defence establishment was gradually kicking out truth-tellers who refused to suck up to upper management, Reuters has reported. "Today we have reached the boiling point," he said in the clip published on Grey Zone, Wagner's Telegram channel. "Why am I speaking so honestly? Because I don't have the right, before those people who will live on in this country.

Lionel Messi making his Major League Soccer (MLS) debut for Inter Miami against New York Red Bulls? That's the million dollar question for soccer fans in the US and across the world. Inter Miami coach Gerardo «Tata» Martino on Friday expressed uncertainty regarding the potential debut for the Argentine world cup winner this weekend. As Inter Miami readies itself in New York, they are gearing up to face off against the New York Red Bulls on Saturday, marking their seventh match within a compact 23-day span. Martino mentioned, «We will need to evaluate his condition following today's training session. It's inevitable that there will be moments when he won't be available.» At the age of 36, Messi has been on the field for the entirety of Miami's last six matches. During Wednesday's US Open Cup semifinal victory against FC Cincinnati, which extended to the full 120 minutes, there were instances when Messi appeared fatigued. In spite of this, Messi managed to contribute with two assists and successfully convert the opening penalty kick during the shootout that followed.

FIFA Disciplinary Committee and in order to preserve, among other factors, the fundamental rights of the national soccer team player Ms. Jennifer Hermoso and the good order of the disciplinary proceedings before this disciplinary body, has issued two additional directives (article 7 FDC) by which he orders Mr. Luis Rubiales to refrain, through himself or third parties, from contacting or attempting to contact the professional player of the Spanish national football team Ms.

Reuters, the decree which was published on the website of Kremlin calls for the formal oath of allegiance to Russia for anyone working on behalf of the Russian government in its "special military operation" in Ukraine. On Thursday, President Vladimir Putin offered his condolences to all those who died in the plane crash and spoke about Yevgeny Prighozhin in the past tense.