Bike-taxi service provider launches new segment with subscription model for driver partners

Bike taxi startup Rapido plans to ramp up hiring of women captains

Rapido

Business Standard

Shares of Adani Total Gas zoomed 20 per cent to Rs 1,053.80 in intraday trade today on the back of heavy volumes

Sensex, Nifty, stock brokers

Catch all the latest updates LIVE from across the globe here

Pension protest

Amic Forgings was trading at Rs 251.35 against its issue price of Rs 126 per share, while Deepak Chemtex was quoting at Rs 159.60, against its issue price of Rs 80 per share.

Stock market

RBI has maintained a hawkish tone in the last two policy reviews, and those steps were to further reinforce the point that the central bank is not dropping its guard on inflation any time soon

Shaktikanta Das

Goel says that the increased focus on profitability and reasonable pricing underpins demand for IPOs

NIPUN GOEL, head of investment banking at IIFL Securities

The Asaduddin Owaisi-led All India Majlis-E-Ittehadul Muslimeen (AIMIM) continued to hold sway over its traditional bastion of the Old City of Hyderabad as it retained the seven seats held by it in the outgoing Telangana Assembly on Sunday.
AIMIM candidates won from seven out of the nine seats it contested in the Telangana assembly election.
The party, which has held on to these seven segments in the outgoing assembly, has been winning from these seats since 2009.
Akbaruddin Owaisi, younger brother of AIMIM president and Hyderabad MP Asaduddin Owaisi, registered an emphatic win in Chandrayangutta seat, his sixth in a row since 1999, with a margin of 81,660 votes.
Akbaruddin polled 99,776 votes while his nearest rival got 18,116 votes.
In Malakpet, Ahmed Bin Abdullah Balala won his fourth straight term with a majority of 26,106 votes against his nearest Congress rival Shaik Akbar while Jaffar Hussain emerged victorious from Yakutpura by a margin of just 878 votes against Majlis Bac

All India Majlis-E-Ittehadul Muslimeen (AIMIM) President Asaduddin Owaisi

Asaduddin Owaisi

Press Trust of India

Calls for Gaza evacuations; refugee camp reportedly hit

Palestinians

Agencies

In late October, the two-day Central Financial Work Conference, which was attended by President Xi Jinping, pledged to optimise the debt structure of central and local governments

China, Chinese flag

Bloomberg

Last month, on the same earnings call where Musk referred to Tesla digging its own grave, he warned that the Cybertruck "has a lot of bells and whistles"

cybertruck

Economic growth, which we are taking for granted, slows for a completely different set of local or global factors and the Modi premium vanishes

Economic growth

If the Indian government believes this is how to build an EV-manufacturing ecosystem, however, it ought to think again

Elon Musk

With benefits like complimentary memberships to luxury hotels, access to premium golf courses, VIP airport assistance, etc., these cards  offer great value to those who lead a luxurious lifestyle

Credit card

It's counter-intuitive, but Modi's own popularity has grown with the length of his tenure. He had always seemed the front-runner by some distance for 2024, and this gives him more tailwind

Prime Minister Narendra Modi, PM Modi

The first week of the COP28 global climate talks concluded with a significant milestone with the operationalisation of the Loss and Damage Fund, pledges of over USD 83 billion and the draft text for Global Stocktake mentioning phasing out of all fossil fuels for the first time in years.
However, even as over USD 83 billion was mobilised in pledges questions persist about the voluntary nature of these commitments and the actual fulfilment by the participating nations.
Amidst the discussions, the issue of fossil fuels emerged as a focal point, with a new draft text of the Global Stocktake proposing options for the phase-out of unabated coal and an orderly and just transition away from fossil fuels which might be a contentious point for India. India has repeatedly stressed that phasing out or phasing down coal language is something that it can't support.
India even skipped signing the pledge to commit to tripling the global renewable energy capacity by 2030 over this.
Over the reducti

COP28

The heads of the nation's biggest banks say there are reasons to be concerned about the health of US consumers  particularly poor and low-income borrowers  in their annual appearance in front of Congress on Wednesday.
The CEOs of JPMorgan Chase, Bank of America, Wells Fargo and five other large firms also took the opportunity to impress upon senators that the Biden Administration's new proposed regulations for the industry may hurt the US economy going into an election year and at a time when a recession is possible.
Wall Street's most powerful bankers have regularly appeared in front of Congress going back to the 2008 financial crisis. Among those testifying before the Senate Banking Committee include JPMorgan's Jamie Dimon, Bank of America's Brian Moynihan, Jane Fraser of Citigroup and Goldman Sach's David Solomon.
When both houses of Congress were controlled by Democrats, the CEOs would appear in front of both the House Financial Services Committee and the Senate banking panel. N

jobs, us, us economy

Italy has formally withdrawn from China's global Belt and Road initiative that seeks to deepen relations with foreign countries through infrastructure investments, Italian media reported on Wednesday.
Italian Premier Giorgia Meloni had previously signalled Italy's intention to withdraw from the agreement, which was up for renewal. The Milan newspaper Corriere della Sera reported that a letter with the formal notice had been delivered to Beijing in recent days. Meloni's office declined to comment on the report.
Italy became the first G7 country to sign on to the initiative in 2019, when the populist, anti-establishment Five Star Movement party-led government promoted it as a way of increasing trade with China while getting investments in major infrastructure projects.
Neither appeared. In the intervening years, Italy's trade deficit with China has ballooned from 20 billion euros to 48 billion euros ($21.5 billion to $51.8 billion.) And investments in Italian ports that were trumpeted

Italy Flag

Saudi Arabia has stepped up its effort to attract tourists from India and is eyeing to welcome 7.5 million travellers from the country by 2030, Saudi Tourism Authority Trade Markets Director, India and the Subcontinent, Meshaal Qureshi said on Wednesday.
India is the third biggest source of tourists in the Asia-Pacific (APAC) region.
"India is Saudi's third biggest source market in the APAC region, with 1.18 million visits in 2023 alone so far, while more than 1.88 million expats from India live and work in Saudi," Qureshi said while addressing Nusuk roadshow.
"We are pleased to see increasing demand for travel from India to Saudi for spiritual and leisure purposes especially as we aim to welcome 7.5 million Indian travellers by 2030," he said.
In 2022, Saudi Arabia saw one million Indian visitors who were the highest spenders among all its source markets globally due to the Visit Friends and Relatives (VFR) segment, he said.
Qureshi said with collaboration and innovation, Saudi .

Saudi Arabia steps up efforts to welcome 7.5 mn Indian travellers by 2030

Saudi Arabia, Saudi Arabia economy

The railways has eliminated all unmanned level crossings on its broad gauge track network, but metre gauge and narrow gauge track sections still have 559 such crossings with Gujarat having the highest at 262, the Lok Sabha was informed on Wednesday.
Sharing data on level crossings, both manned and unmanned, in the country in a written reply, Railway Minister Ashwini Vishnaw said that "all unmanned level crossings (UMLCs) on running lines of the broad gauge (BG) network of the Indian Railways have been eliminated by 31.01.2019".
"Only 559 UMLCs on metre gauge (MG) and narrow gauge (NG) sections exist on Indian Railways, which are planned for elimination during gauge conversion of sections," he said.
He was replying to questions raised by BJP MP Nishikant Dubey and BJD MP Achyuta Samanta on the status of railway level crossings in the country.
The minister said that "as on 01.04.2023, there are a total 18,477 level crossings on the running lines of the Indian Railways network, which 

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COP28 secures $83 bn in climate pledges; India skips energy, health pledges

Big bank CEOs warn that new regulations may severely impact economy

Italy drops out of China Belt and Road initiative that failed to deliver

Saudi Arabia steps up efforts to welcome 7.5 mn Indian travellers by 2030

'All unmanned level crossings on railways' broad gauge track eliminated'

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