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The latest news on August 23, 2024, reveals that around ₹1,500 crore has been invested in the development of UB City in Bangalore. Each 8,000 sq ft apartment in UB City now costs at least ₹35-40 crore, showcasing the luxury real estate market in the city.
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Aug 23, 2024 4:03 PM IST: Bengaluru Billionaires‘ Tower apartment worth ₹50 crore goes on sale. The 4BHK apartment sprawling over 8,000 sq ft is now available for purchase at a staggering price of ₹50 crore. Luxury properties in Bengaluru continue to appreciate due to high demand and low supply.
Aug 23, 2024 3:00 PM IST: IT and textile sectors labeled ‚job destroyers,‘ experiencing a significant decline in job growth in FY 2023-24 according to a BoB report. Downsizing and restructuring have led to workforce reductions in these sectors, impacting job creation.
Aug 23, 2024 2:39 PM IST: 26% of income tax returns are yet to be processed, causing delays in the tax filing process. The IT department took 20 days to process more than 70% of ITRs, longer than the previous year, raising concerns among taxpayers.
Aug 23, 2024 1:49 PM IST: South Asia’s tallest skydeck, three times taller than Qutub Minar, is set to be built in Bengaluru. Karnataka has approved a ₹500 crore project to construct a sky deck in Bangalore, along with other developmental initiatives.
Aug 23, 2024 1:28 PM IST: Air India faces a ₹98 lakh fine for operating flights with ’non-qualified‘ pilots, as reported by the DGCA. Safety concerns have been raised, leading to penalties imposed on the airline.
Aug 23, 2024 12:39 PM IST: Nestle CEO and other consumer goods company bosses face challenges due to rising living costs. Mark Schneider, CEO of Nestle, is among the executives affected by economic pressures, highlighting the impact on corporate leadership.
Aug 23, 2024 12:27 PM IST: Identify long-term stocks to buy with potential growth of 14-25% in one year. Various brokerage firms have recommended large-cap stocks that could deliver strong returns over the next year, providing investment opportunities for investors.
Aug 23, 2024 11:23 AM IST: India’s ’sweet spot‘ attracts bond funds amid global market turmoil. Investors are turning to Indian markets for stability and growth opportunities amidst global economic uncertainties.
Aug 23, 2024 10:28 AM IST: Zomato CEO announces the shutdown of intercity ‚Legends‘ services due to lack of market fit. Deepinder Goyal confirms the discontinuation of the food delivery service, reflecting the company’s strategic decisions in response to market dynamics.
Aug 23, 2024 10:15 AM IST: Check the latest gold and silver rates for August 23, 2024, in your city. Stay updated on the prices of precious metals to make informed investment decisions.
Aug 23, 2024 9:02 AM IST: Uber partners with GM’s Cruise to offer self-driving cars to customers next year. The collaboration aims to provide autonomous vehicle options for Uber riders, enhancing the transportation experience.
Aug 23, 2024 8:28 AM IST: US Federal Reserve policymakers consider rate cuts as the job market cools. Officials advocate for a gradual approach to lowering interest rates to support economic stability and growth.
Aug 23, 2024 7:55 AM IST: Nestlé CEO Mark Schneider steps down after 8 years, with Laurent Freixe set to take over. Leadership changes in the company reflect strategic shifts and succession planning in the corporate world.
Aug 23, 2024 7:43 AM IST: Remembering Jonathan Bloomer, Morgan Stanley International chair who tragically passed away in Italy’s yacht tragedy. The loss of a prominent figure in the financial industry highlights the unpredictability of life and the impact of unforeseen events.
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