Business News LIVE Updates: September 18, 2024
As the world of business continues to evolve, September 18, 2024, brings a plethora of significant updates that are shaping the economic landscape. From international initiatives aimed at boosting birth rates to major corporate developments, here’s a detailed look at the latest happenings in the business world.
Putin’s Initiative to Boost Birth Rates
In a surprising move, Russian President Vladimir Putin has urged citizens to utilize their work breaks to enhance the country’s declining birth rate. Amidst concerns about falling fertility rates and a shrinking population, Putin’s initiative encourages employees to engage in intimate activities during their breaks. This unconventional approach has sparked discussions about the socio-economic implications of such a policy. As Russian offices begin monitoring childbirth among employees, the initiative raises questions about workplace privacy and the balance between personal life and professional responsibilities. Read the full story here.
Gold and Silver Prices Update
In the realm of precious metals, today’s market reflects a steady demand. As of September 18, 2024, the price of 10 grams of 24-carat gold is reported at ₹73,510 in Delhi, while silver is priced at ₹89,500 per kilogram. Investors and consumers alike are keeping a close eye on these rates, as fluctuations can significantly impact investment decisions and purchasing power. Check latest prices in your city.
Tupperware Files for Bankruptcy
In a significant corporate development, Tupperware Brands Corp has filed for Chapter 11 bankruptcy. The company cites declining sales and increasing competition as primary factors contributing to its financial struggles. Once a household name synonymous with food storage solutions, Tupperware’s inability to innovate and adapt to changing consumer preferences has led to its current predicament. This situation serves as a cautionary tale for businesses about the importance of staying relevant in a rapidly evolving market. Read the full story here.
Meta and EssilorLuxottica’s New Partnership
In a bid to enhance parental control over children’s online activities, Meta has partnered with EssilorLuxottica, the owner of Ray-Ban. This collaboration aims to provide a safer online environment for children, especially in light of the previous controversy surrounding an Instagram platform designed for kids. The partnership also extends to smart glasses, suggesting a future where technology and social media intersect in innovative ways. Read the full story here.
Bank Holiday in Maharashtra
In Mumbai, the Maharashtra government has declared a bank holiday on September 18, 2024, moving the Eid-e-Milad holiday from September 16 to accommodate Ganesh immersion festivities. This change affects banking operations in the region, prompting residents to plan their financial transactions accordingly. Read the full story here.
Scrapping of Windfall Tax on Crude Petroleum
In a significant policy shift, the Indian government has scrapped the windfall tax on crude petroleum, effective today. This tax, levied as Special Additional Excise Duty (SAED), was adjusted based on average oil prices. The removal of this tax is expected to provide relief to oil producers and may influence fuel prices in the domestic market. Read the full story here.
JPMorgan’s Negotiations with Apple
In the financial sector, JPMorgan Chase is reportedly in talks with Apple to take over Goldman Sachs as its credit card partner. This potential partnership could reshape the landscape of consumer finance, particularly in the realm of digital payments and credit offerings. As both companies explore this collaboration, the implications for consumers and the broader market remain to be seen. Read the full story here.
As we continue to monitor these developments, it is clear that the business world is in a state of flux, with each story carrying potential ramifications for the economy, consumers, and corporate strategies. Stay tuned for more updates as they unfold.