Uttar Pradesh Chief Minister Yogi Adityanath's vision to provide employment opportunities to every youth is set to become a reality with the upcoming Rojgar Mahakumbh 2025. The three-day event will witness over 100 renowned companies from India and abroad offering job opportunities to more than 50,000 youth in diverse sectors. This event is a milestone in the state's employment and skill revolution, providing lakhs of young people with direct access to industries and opening vast avenues of employment.
On August 26, Patel Retail made a strong start on the stock market with its shares listing at a 20% premium over the IPO price. This success was driven by high demand from investors, with the IPO being subscribed nearly 96 times. On the NSE and BSE, the shares debuted at Rs 300 and Rs 305 respectively, reflecting a significant premium. After the successful listing, Patel Retail's market capitalization has surpassed the Rs 1,000 crore mark.
Indian Prime Minister Narendra Modi is set to visit the Suzuki Motor Plant in Ahmedabad, Gujarat, on Tuesday to inaugurate the localized production of hybrid battery electrodes and flag off exports of Maruti Suzuki’s first global battery electric vehicle, the e-Vitara, to more than 100 countries. This milestone marks India's progress in becoming a global hub for green mobility, in line with the government's broader vision of promoting electric mobility and advanced manufacturing. India will also serve as the global manufacturing hub for Suzuki's electric vehicles, solidifying its goal of becoming self-reliant in green energy.
Despite hitting a record high on Friday, the Dow Jones Industrial Average dropped 0.8% on Monday, while the S&P 500 and Nasdaq Composite also closed in the red. Investor hopes for interest rate cuts, reduced tariff concerns, and strong corporate earnings have been driving the market's recent gains. The week's biggest event will be the quarterly earnings report from AI chips giant Nvidia, while shares of Intel closed lower despite an early surge following news of a stake sale to the US government. Crypto-related stocks also saw losses as bitcoin's price tumbled.
After successfully conducting the Mega DSC-2025 examinations, the convenor has announced that the final merit list will be released on August 22nd. The list will also include the Sports Quota merit list, ensuring equal opportunities for deserving candidates. Candidates should only rely on official sources for authentic information and are advised to beware of false promises and misinformation on social media. Those shortlisted in the "Zone of Consideration" must attend a certificate verification process with the required documents. Government warnings have also been issued against middlemen and false propaganda regarding job opportunities.
The Delhi Metro Rail Corporation (DMRC) has revised passenger fares for the first time in eight years, with fares increasing by Re 1 to Rs 4. The minimum fare for metro travel is now Rs 11 and the maximum fare is now Rs 64. Despite the hike, smart card users will continue to receive a 10% discount, making the DMRC the most reliable and cost-effective mode of transportation in the capital.
Amid lawsuits and ongoing legal battles, Elon Musk's social media company X Corp has reached a tentative settlement with former Twitter employees over severance pay amounting to $500 million. The deal, which has yet to be finalized, would mark a significant step towards resolving the dispute stemming from mass layoffs after Musk's acquisition of the platform in 2022. However, the company still faces other legal challenges and suits from former staff over workplace practices.
Reliance Foundation, founded and chaired by Nita Ambani, has opened applications for over 5,100 undergraduate and postgraduate scholarships to support students pursuing full-time undergraduate and select postgraduate courses. This initiative is a part of the foundation's mission to provide quality education to 250 million children in India. The foundation envisions empowering the youth through financial support and opportunities for skill-building and community engagement. With this announcement, Reliance becomes one of the largest private scholarship initiatives in India.
In his annual speech at the Jackson Hole summit, Jerome Powell, the chair of the Federal Reserve, expressed concerns over the state of the US economy and suggested an interest rate cut might be necessary. This announcement caused stocks to soar as investors speculated about potential market effects. The Fed, with its ability to influence mortgage costs and stock prices, plays a crucial role in the US economy, making Powell's remarks a top news story for the business world.
Local outfits in Bhawanipatna, a city in Odisha, have rallied together to demand permanent bauxite mines for Vedanta Ltd's Lanjigarh project. A memorandum was submitted to the Lanjigarh BDO, highlighting the negative impact of delay in allotment of mines on the socio-economic condition of the region. The existing alumina refinery, operated by Vedanta since 2003, has been struggling without a steady source of raw material. The call for action comes as the livelihood of local communities remains adversely affected.