Citi Financial News
16.09 / 12:06
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Like Michael Kors in fashion? MG Select targets ‘accessible luxury’ car buyers
Subscribe to enjoy similar stories. SAIC Motor's India joint venture JSW MG Motor India on Monday said it will launch a new sales channel brand, ‘MG Select’ which will bring hybrid, plug-in hybrid vehicles and electric vehicles (EVs), picked from SAIC's global new energy vehicle (NEV) portfolio to Indian consumers under an accessible luxury banner. The new sales channel, akin to a Nexa from Maruti Suzuki, but more high-end, will cater to a growing base of premium car buyers, particularly those over 30 years of age, looking for cars priced above ₹30-40 lakh.
16.09 / 09:33
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PM Modi launches India's first 'Namo Bharat Rapid Rail' connecting Ahmedabad and Bhuj
Vande Metro, now renamed as Namo Bharat Rapid Rail service, between Bhuj and Ahmedabad. According to Western Railway officials, the Ahmedabad-Bhuj Vande Metro service will stop at nine stations and cover the 360-kilometre distance in 5 hours and 45 minutes at a top speed of 110 kilometres per hour. It will depart from Bhuj at 5:05 am and reach Ahmedabad Junction at 10:50 am, the officials had said. For passengers, its regular service will start from September 17 from Ahmedabad and the total journey will cost Rs 455.
16.09 / 07:45
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India's first 'Vande Metro' renamed as 'Namo Bharat Rapid Rail' ahead of launch by PM Modi
Prime Minister Narendra Modi on Monday is all set to launch India's first 'Vande Metro' services between Bhuj and Ahmedabad. Ahead of the launch, the Railways Ministry has decided to rename the service to 'Namo Bharat Rapid Rail.' Additionally, Modi will launch the second phase of the metro rail service connecting Ahmedabad and Gandhinagar and take a ride on the metro train. For passengers, its regular service will start from September 17 from Ahmedabad and the total journey will cost Rs 455.
16.09 / 07:38
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'Green future' and 'net zero carbon' not just fancy terms, they are commitments: PM Modi
green future and committed to achieving net zero carbon as it has become a necessity, said Prime Minister Narendra Modi while addressing the 4th Global Re-Invest Renewable Energy Investors' Meet in Gandhinagar, Gujarat, on Monday. He said that the summit was a part of a bigger goal of making India a developed nation by 2047, adding that today’s India is laying road to the next 1000 years. «We not only want to become the top nation, but we also want to sustain at the top,» said Modi. The prime minister said that India was the first nation among the G20 nations to fulfill the Paris Agreement nine years before the 2030 deadline. He said that the government wanted India to become a leading producer renewable energy.
16.09 / 05:35
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Out of Rs 1.5 lk crore, govt approves Rs 46k crore as capex loans to states
capex loans to states so far out of the total ₹1.5 lakh crore allocated for FY25. «So far, ₹46,000 crore has been approved for sanction under the capex loan to states, out of which ₹25,000 crore has been released,» a senior government official told ET. Of the ₹95,000 crore conditional loan, ₹25,000 crore is linked to the capex performance of states. States will get half of the corresponding share only after reporting capex growth of 10% or more in FY24, and the remaining 50% after achieving a 10% growth in capex this fiscal. «This will provide an incentive for states to increase their capex,» the official said.
16.09 / 05:30
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How China’s communists fell in love with privatisation
Subscribe to enjoy similar stories. On a recent visit to his hometown of Laixi, in eastern China, Guo Ping received a shock: the local government had sold off a number of state-owned assets, including two reservoirs. The small city’s finances, as well as those in the neighbouring port of Qingdao, were under strain, forcing officials to come up with new sources of revenue.
16.09 / 00:19
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New Crypto Mining Hub? Russian Region to Build 15 New Data Centers
Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...
15.09 / 19:27
15.09 / 18:10
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Russian bomb injures at least 30 civilians in Ukraine's Kharkiv, officials say
Kharkiv in northeastern Ukraine on Sunday. «The rescue operation in Kharkiv continues. A Russian air strike. An ordinary residential building, a multi-storey building, was damaged. There is a fire and rubble between the 9th and 12th floors,» President Volodymyr Zelenskiy said on the Telegram messenger app. He posted photos of smoke and fire billowing out of the windows of a multi-storey building. All windows had been blown out.
15.09 / 17:41
15.09 / 17:28
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Comments on Dalits: BJP MLA’s arrest leaves party in tight spot
Munirathna Naidu has been taken into custody by the City Police after they formally arrested him on Saturday on charges of hurling slurs on a member of the SC community and demanding bribes from the municipal contractor. The police intercepted his vehicle on the Karnataka-Andhra Pradesh border district of Kolar as he tried to leave the state on Saturday and arrested him after the Bengaluru police registered two FIRs against him. He was a Congress lawmaker earlier, who switched over to the BJP in 2019 along with other Congress and JDS lawmakers, helping the BJP form the government.
15.09 / 16:58
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Uber to dispatch Waymo's robotaxis in Austin and Atlanta next year
Ride-hailing leader Uber on Friday announced it will dispatch robotaxis built by driverless technology pioneer Waymo beginning next year in Austin, Texas, and Atlanta in a deal that deepens the bond between once-bitter rivals
15.09 / 16:57
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Delhi govt may have to tell Election Commission reasons for demanding early polls: Experts
Arvind Kejriwal pitches for early assembly polls in Delhi, experts on Sunday said the city government may have to write to the Election Commission giving reasons behind the demand. The final decision will, however, rest with the poll panel on when to hold the polls. The term of the Delhi Assembly ends on February 23 next year and the polls are expected to be held sometime early February. Kejriwal on Sunday demanded that polls in Delhi be held in November alongside Maharashtra.
15.09 / 13:48
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Focused on north, eyeing govt sale of key properties: Bharti Real Estate's Sayal
Subscribe to enjoy similar stories. Mumbai/New Delhi: Bharti Real Estate will not join the bandwagon of companies launching projects beyond their home markets despite its peers doing so, as it continues to focus on building a $2 billion business district near Delhi airport, S.K. Sayal, CEO and MD of the real estate arm of the Bharti Group, told Mint.
15.09 / 13:15
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India is 'very important market'; looking at more frequencies, new destinations: Malaysia Airlines
Malaysia Airlines is keen to expand its operations into India, which is a «very important market», according to a top airline official. The airline, which currently flies to nine Indian cities, is eyeing new destinations as well as looking to increase frequencies to Trivandrum and Ahmedabad. Part of the Malaysia Aviation Group (MAG), Malaysia Airlines operates daily flights to Delhi, Mumbai, Bengaluru, Amritsar, Chennai, Hyderabad and Kochi. It also has four weekly services from Ahmedabad and Trivandrum.
15.09 / 11:25
15.09 / 10:11
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Eid traffic restrictions: Bengaluru Police announce roads to avoid, alterate routes and more; Check details here
«In view of Eid-Milad procession on 16.09.2024 a large number of people are expected to gather at YMCA ground, Nrupathunga road. In order to ensure free flow of traffic, the following traffic arrangements have been made. The following roads need to be avoided by road users and the alternative routes have been suggested,» said official statement.
15.09 / 08:47
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Shanghai braces for direct hit from Typhoon Bebinca
Shanghai halted transportation links, recalled ships and shut tourism spots including Shanghai Disney Resort on Sunday as it braced for Typhoon Bebinca, in what could be the strongest tropical cyclone to hit the Chinese financial hub since 1949. The Category 1 typhoon, packing maximum sustained wind speeds near its centre of around 144 kilometres per hour (89 miles per hour), was about 500 kilometres southeast of Shanghai as of 1:00 p.m. (0500 GMT). It is expected to make landfall along China's eastern coast after midnight on Monday. The strongest storm to make landfall in Shanghai in recent decades was Typhoon Gloria in 1949, which tore through the city with gusts of 144 kph. Shanghai was last threatened by a direct hit in 2022 by the powerful Typhoon Muifa, which instead landed 300 km away in the city of Zhoushan, in Zhejiang province.
15.09 / 00:45
14.09 / 23:10
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US election 2024: Donald Trump's cats and dogs claims to cost big?
US election 2024 is witnessing a peculiar subject hogging the limelight and it's related to the dogs and cats of Springfield, Ohio. Ever since former President Donald Trump claimed on national television that immigrants were stealing and devouring the household pets of Springfield — «they're eating the dogs,» he practically shouted, «they're eating the cats» — the rhythms and routines in the city have not been the same. City officials say they have received no credible reports of anybody eating household animals. Karen Graves, a city spokesperson, said she was not aware of recent hate crimes targeting Haitian residents but that some had been victims of «crimes of opportunity,» such as property theft. Republican presidential candidate Donald Trump pledged on Friday to conduct mass deportations of Haitian immigrants from the Ohio city of Springfield, even though the majority of them are in the United States legally.
14.09 / 17:30
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Flying, walking, watching: Track the anthropologist's (carbon) footprint
The shortest flight I ever took was from Tongatapu, capital of Tonga, to 'Eua, an island some 40 km farther away. On paper, the ferry takes 1.5 hrs. But its schedule is unreliable, the sea unruly, locals advise against it, and the black diesel smoke enough to make one nauseous. The longest flight we were on took us from Qatar to New Zealand, though fortunately, this was in a luxurious Qatar Airways Qsuite. Flying business class does account for three times more CO2 than roughing it in economy though.
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