Tupperware’s Indian operations remain stable despite the US-based parent company’s Chapter 11 bankruptcy filing. Local manufacturing supports this stability, and recent festive season sales have surged. The company aims to evolve into a digital-first, technology-led enterprise while continuing to provide innovative products through consultants, retail partners, and online platforms.
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The US Federal Reserve has lowered its benchmark interest rate by half a percentage point to bolster the labour market. The new rate range is now 4.75% to 5%. Further cuts are expected in 2024 and 2025 as policymakers balance inflation and employment goals amid rising economic uncertainties.
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The United States reaffirms its long-standing opposition to supporting Pakistan’s ballistic missile program, emphasizing continued enforcement of sanctions for national security. Recent US sanctions targeted a Chinese research institute and companies for allegedly supplying missile-related items to Pakistan. In response, Pakistan criticized the actions as biased and politically motivated.
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Congress has unveiled seven guarantees for Haryana before the assembly elections, including a caste census and legal guarantee for minimum support price. Other pledges include free electricity up to 300 units, Rs 2,000 monthly for women aged 18-60, and reinstating the Old Pension Scheme. The state will vote on October 5.
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A wave of mysterious device explosions in Lebanon has left nine dead and over 300 injured. These incidents come after a similar attack on Hezbollah members, blamed on Israel. The explosions have intensified regional tensions, raising concerns about potential conflict escalation.
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