Walmart rebuts H-1B misuse claim, India-China trade set to resume, gold eases as dollar strengthens, and more
Walmart denies link to alleged H-1B visa misuse
Walmart has dismissed speculation linking the retailer to alleged misuse of H-1B visas, saying recent reports circulating online are not connected to its workforce practices. A company spokesperson told CNBC-TV18 that while an internal investigation did lead to the termination of one vendor and a small number of US-based associates, “this investigation had nothing to do with H-1B visas.”
No Putin-Zelenskyy meeting planned: Sergei Lavrov
Russian Foreign Minister Sergei Lavrov said in an interview published on Sunday (August 24) that a group of nations, including United Nations Security Council members should be the guarantors of Ukraine’s security.
Gold eases globally on stronger dollar; Indian demand steady ahead of festive season
Gold prices eased on Monday (August 25) after touching a near two-week high, as a stronger US dollar weighed on sentiment, though expectations of interest rate cuts by the US Federal Reserve continued to lend support.
ITC Hotels shares get their first ‘sell’ rating as JM Financial cites stretched valuations
Shares of ITC Hotels declined on Monday, August 25, after brokerage firm JM Financial initiated coverage on the stock, projecting a potential downside of 12% from Friday’s closing levels.
China has agreed in principle to resume trade with India through Shipki-La in Kinnaur: Himachal govt
China has agreed in principle to the proposal of resuming trade through Shipki-La in Kinnaur district of Himachal Pradesh during the recent visit of its Foreign Minister Wang Yi to India, a statement by the state government said on Sunday (August 24).
Mazagon Dock shares gain over 3% after this positive development for P-75(I) submarines
Shares of Mazagon Dock Shipbuilders gained over 3% on Monday, August 25, on the back of an important development with regards to a key submarine project. Sources told CNBC-TV18 on Sunday that the Ministry of Defence has given an approval to Mazagon Dock to begin cost negotiations with Germany’s Thyssenkrupp Marine Ltd. for building six submarines, under the P-75(I) project.
Exchequer lost ₹3,000 crore to ineligible Ladki Bahin beneficiaries: Report
The Maharashtra exchequer lost nearly ₹3,000 crore due to fraudulent claims under the state’s flagship welfare programme, the Mukhyamantri Majhi Ladki Bahin (MMLB) Scheme. Media reports say lakhs of ineligible individuals, including elderly women, college students, government employees, and even men, were found to have benefited from the scheme launched to provide financial support to women.
Godrej Properties reports sales worth over ₹1,000 crore in second Hyderabad project launch
Godrej Properties on Monday, August 25, said it sold homes worth over ₹1,000 crore at the launch of its Godrej Regal Pavilion project in Hyderabad. This is the Mumbai-based real estate company’s second launch in Hyderabad this year, with both projects surpassing the ₹1,000 crore sales milestone at launch.
Not CRPF, Delhi Police to provide security to CM Rekha Gupta
The Centre has withdrawn the Z-category CRPF security granted to Delhi Chief Minister Rekha Gupta, just days after she was accorded the cover following an attack on her, official sources said on Monday.
Schools and colleges shut in Jammu, Jaipur and parts of Himachal amid heavy rains
Schools and colleges were shut in Jaipur, Jammu and four districts of Himachal Pradesh on Monday (August 25) after rains wreaked havoc. The weather office has predicted heavy rains in these regions.
From Lucknow to space: Shubhanshu Shukla shares Axiom-4 mission preparation journey
Survival drills in simulated environments, photography lessons to document space experiences, and even kayaking off the Mexican coast to build camaraderie — these were among the activities astronaut Shubhanshu Shukla and his crew undertook before their historic Axiom-4 mission. Group Captain Shukla recently recounted his journey to the International Space Station (ISS), sharing the intense training and challenges that preceded the launch.
Source: www.cnbctv18.com