Citi Financial News

Adani Total Gas Ltd, the city gas joint venture of Adani group and French energy giant TotalEnergies, on Friday said it has secured USD 375 million funding from global lenders for expansion of its business. «The maiden financing of USD 375 million executed with international lenders include an initial commitment of USD 315 million with accordion feature to enhance the commitments,» the firm said in a statement. Five international lenders participated in the initial financing — BNP Paribas, DBS Bank, Mizuho Bank, MUFG Bank, and Sumitomo Mitsui Banking Corporation.

Israel hit a Beirut suburb with an airstrike Friday, not long after Hezbollah pounded northern Israel with 140 rockets following a vow by the militant group's leader Hassan Nasrallah to retaliate against Israel for a mass bombing attack, the Israeli military and the militant group said. The Israeli military said it had carried out a «targeted strike» in Beirut. It offered no further immediate details, but explosions could be heard coming from the city's southern suburbs. Beirut-based Al-Mayadeen TV reported that a drone fired several missiles on the heavily-populated area known as Dahiyeh. A Hezbollah official, speaking on condition of anonymity because he wasn't authorized to speak to the media, confirmed to The Associated Press that an airstrike struck the area, without giving further details.

real estate data analytics firm PropEquity. The NSE-listed firm said that new launches in the quarter fell to 93,693 units from 1,05,655 units in the same period last year while sales fell to 1,04,393 units from 1,26,848 units in the same period last year. PropEquity tracks housing supply and absorption data in NCR, Mumbai, Navi Mumbai, Thane, Pune, Bengaluru, Hyderabad, Chennai and Kolkata.

Tata Consultancy Services (TCS) on Friday announced the launch of its new delivery centre in Warsaw, Poland, expanding its operations in the country. “With the new delivery centre, TCS expects to double its workforce to 1200-plus in a year to support its further growth in the region. Located in the heart of the city, the new delivery centre showcases TCS’ capabilities across industries and technologies,” the Tata subsidiary said in a statement. Poland is home to one of the largest European technology talent pools and the centre will tap into the growing Polish Information and Communication Technology (ICT) talent pool to support the needs of customers in niche technology skills and cognitive business and domain processes, the statement added.

Subscribe to enjoy similar stories. Data centers’ squat, industrial aesthetic is getting a vertical and visual upgrade, driven by artificial intelligence-fueled demands for computing power, as well as geographic necessity. A movement of data centers from the boonies to the burgs has led operators to reconsider the windowless, prison-like look that has defined data-center design for decades, resulting in projects more pleasing to the eye from street level.

Subscribe to enjoy similar stories. In his travelogue If it’s Monday it Must be Madurai: A Conducted Tour of India, author Srinath Perur opens with a chapter on a bus tour of south Indian temple towns, beginning with Madurai. Writing about a fellow traveller, a Bengali gentleman who finds himself in strange culinary waters, Perur writes: “He is also unhappy that the group eats only at restaurants that are either ‘pure’ or ‘classic’ vegetarian.

Mumbai Metro Rail Corporation Ltd (MMRCL) is set to inaugurate the city's first underground metro line Phase I of the Metro 3 corridor, covering the Aarey-Bandra Kurla Complex (BKC) stretch, in the first week of October. The project, which has cost approximately RS 38,000 crore, aims to facilitate easier long-distance travel for commuters. Prime Minister Narendra Modi will officially open the 12km stretch, which includes 10 stations.

Subscribe to enjoy similar stories. Edtech company Physics Wallah’s offline ambitions and listing plan have fetched it $210 million in funding, effectively valuing it at $2.8 billion, 2.5 times what it was worth two years ago. Physics Wallah attracted new investors in this round, including India-focused hedge fund Hornbill Capital and venture capital firm Lightspeed Venture Partners, the company said on 20 September.

«We feel that the opportunities are large. It is a beginning and we should look at growing from where we start. It is a modest beginning, but hopefully it will be an aggressive growth as we move along,» says Sanjiv Goenka, Chairman, RPSG Group. Well, the latest announcement coming in wherein Firstsource has deepened its presence when it comes to Australia. Could you talk to me about the strategic intent behind this? Sanjiv Goenka: Well, we have already got a very major presence in US and UK and this is the third big market that we are targeting. It has a presence of large corporates and so there is a business opportunity. The whole administration of the Victoria State and Melbourne City has been extremely supportive and enthusiastic. And we feel that the opportunities are large. It is a beginning and we should look at growing from where we start. It is a modest beginning, but hopefully it will be an aggressive growth as we move along.

Patrick Mahomes received a birthday gift of $25,000 from Kansas City Chiefs Travis Kelce on his 29th birthday. This lavish gift refers to a lavish behaviour from Travis Kelce.

Oregon Gov. Tina Kotek is using a new land use law to propose rural land for a semiconductor facility

Rob Kennedy tried something different after a 40-year career in Ontario’s auto sector: he headed back to the classroom.

Wave group is diluting part of its land bank in Wave City in Ghaziabad and has sold land to at least half a dozen builder in order to improve cash flow. It is also in talks with more developers to sell land. The combined areas these real estate developers will develop will be around 12 million square feet in the next few years.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

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Realty developer Lodha, listed as Macrotech Developers, has bought out the stake held by a company of Ivanhoé Cambridge in its three different joint entities for a consideration of Rs 239.56 crore. In line with the company’s objective of gradually growing its annuity income, the developer has executed securities purchase agreements with Ivanhoe Warehousing India Inc. for acquisition of its interest in the Digital Infrastructure Platform entities. These entities include Bellissimo Digital Infrastructure Development Management, Palava Induslogic 4, and Bellissimo In City FC Mumbai 1, subject to fulfilment of certain closing conditions, the developer said in a regulatory filing.

Brokerage firms Morgan Stanley and BofA have initiated coverage on Brainbees Solutions with an overweight and buy rating respectively. Emkay Global has upgraded Tata Motors to a ‘buy’ from ‘add’ while Citi has maintained a buy rating on Exide while cutting the target price of the stock. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

Noida Toll Bridge Company Limited (NTBCL), the Income Tax Appellate Tribunal (ITAT) has quashed a massive tax demand of approximately ₹21,000 crore. The listed entity, part of the IL&FS Group, operates the Delhi-Noida-Delhi (DND) flyover, a critical infrastructure link between the two cities. The tax demand, spanning nine financial years from 2006 to 2015, included ₹10,893 crore in alleged unpaid taxes and the same amount in penalties. The Income Tax department had accused NTBCL of concealing income and failure to submit accurate income details. The Income Tax department issued an assessment order on December 31, 2008, followed by reassessment proceedings. These proceedings sought to disallow amortization of interest on zero-coupon bonds issued by NTBCL and taxed designated returns as income. Additionally, the department classified land provided by NOIDA/DDA on lease as a subsidy and disallowed depreciation on the DND Toll Bridge.

Hackers are demanding $6 million in bitcoin from the operator of the Seattle-Tacoma International Airport for documents they stole during a cyberattack last month

A pipeline fire that forced hundreds of people to flee their homes in the Houston suburbs is burning for a third day, with officials saying they don’t expect it to be extinguished until sometime Thursday evening

Subscribe to enjoy similar stories. For gig workers, earnings could spike this festival season as online retailers and quick commerce platforms to delivery firms go beyond usual incentives to bolster workforce to meet the rush. On offer: daily bonuses, overnight payouts, additional reward for 100% attendance, and mobile phones to motorbikes for top performers.