Citi Financial News

02.09 / 04:10
COST UPS Citi Department Updates VIP number '0001' now comes with a Rs 6 lakh price tag in Maharashtra
high-demand areas like Mumbai and Pune. Additionally, an out-of-series VIP number can now cost up to Rs 18 lakh in major cities, equivalent to the price of a mid-segment car. The fee revision will apply from August 30, following a draft notification issued on September 16, 2022, and is the first update since April 20, 2013. For four-wheelers, the fee for '0001' will rise from Rs 3 lakh to Rs 5 lakh. In high-demand areas such as Mumbai, Pune, Thane, and Nashik, the fee increases to Rs 6 lakh from Rs 4 lakh. For two and three-wheelers, the cost will double from Rs 50,000 to Rs 1 lakh. If the '0001' number is unavailable in the current series, an out-of-series number will cost Rs 15 lakh for four-wheelers and Rs 3 lakh for two- and three-wheelers. The notification states, «The revised 'three-time basic fees' will be Rs 15 lakh for four-wheelers and more-wheeled vehicles and Rs 3 lakh for two- and three-wheelers if the number '0001' is unavailable in the current series for that particular type of vehicle and if it needs to be given from another series as per the rules.»
02.09 / 01:15
markets UPS Citi IPO trends band Baazar Style IPO: Is it a fashionable investment opportunity?
₹835 crore at the upper end of its ₹370-389 price band. This would value Style Baazar at ₹2,900 crore, and it also intends to expand its footprint beyond its current geographical concentration in the eastern region. Could Style Baazar be the next fashion force to dominate the national stage? Style Baazar has demonstrated impressive financial growth in recent years.
01.09 / 20:28
UPS Citi Aviat Airlines travelers rights Air taxis to rule skies soon, revolutionise urban travel: Nikhil Goel, Archer Aviation
air taxis in the world and the launch in 2026 will revolutionise urban travel, said Nikhil Goel, chief commercial officer, Archer Aviation. Archer is a California-based EVTOL company Archer Aviation. EVTOLs, or air taxis, take off and land vertically, just like a conventional helicopter. But since they're electric, they produce less emissions and are potentially much quieter. Archer's Midnight is a 4-seater aircraft, which can carry four passengers and a pilot for up to 160 kilometres. «While cities are getting more populated, our transportation options are degrading. That burden is particularly profound right here in India and that is what we are looking to address. I am confident that India will be not only be one of, but perhaps the largest market for electric air taxis in the world,» Goel said at the ET World Leaders Forum. Archer has tied up with InterGlobe Enterprises, which is the owner of India's largest airline, IndiGo, credited with making air travel more affordable in India. The US company plans to replicate the IndiGo model for its air taxi services — increase trip volume and reduce overall cost by achieving economies of scale. India is the third country besides the US and UAE where Archer plans to start operating. Archer will look to cater to passengers of IndiGo for their journey to and fro airport. IndiGo carries around 90 lakh passengers per month.
01.09 / 17:28
UPS Citi Waters Highways Death rock evacuation Unprecedented rainfall paralyses life in Vijayawada, 17,000 people evacuated across Andhra
rainfall in the past two days paralysed life at several places in Andhra Pradesh, especially in Vijayawada and vicinity while 17,000 rain-affected people were evacuated across the state. Budameru, a rivulet on the outskirts of Vijayawada suffered a breach and overflowed at several points on Sunday, leading to flooding at many city localities such as Ajit Singh Nagar, Swathi Theatre area, Police Nagar area and west and central constituencies. According to footage from vernacular news channels, several cars and vehicles were submerged in these areas and others also in Vijayawada due to the flooding. At Rajarajeswari Peta in the city, people were seen wading through chest-deep water on a flooded street.
01.09 / 16:21
Blockchain Citi Coindesk Celebrity Bitcoin cover audience KBW2024 Kicks off in Seoul: The Asian City That Never Sleeps
Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk and Bitcoin Magazine.
01.09 / 14:59
COST Citi Fighting Omni pandemic President Strikes start at top hotel chains as housekeepers seek higher wages and daily room cleaning work
Hotel housekeepers have for years waged a fierce battle to restore automatic daily room cleaning that was scaled back at many properties during the pandemic
01.09 / 14:20
Citi Cooper Airlines Trade travelers International Destinations IndiGo begins daily flight services to Jaffna in Sri Lanka from Chennai
IndiGo on Sunday started its daily flight services to Jaffna in Sri Lanka from Chennai. Jaffna is the airline's second destination in the island nation after capital city Colombo and 34th international destination, IndiGo said. The new daily direct flights from Chennai to Jaffna cut down the travel time to the city from Chennai to 75 minutes, IndiGo said. IndiGo operates over 2,000 flights to 122 destinations including domestic and overseas.
01.09 / 14:18
markets Citi President Celebrity travelers Schools Courts Most retailers, grocers will be open on Labor Day. Here's what's open and closed
The origins of Labor Day date back to the late 19th century, when activists first sought to establish a day that would pay tribute to workers
01.09 / 11:25
UPS Citi Waters Death reports travelers Gujarat rains: Ministry of Home Affairs sets up inter-ministerial team to assess flood situation
Ministry of Home Affairs on Sunday constituted inter-ministerial team to assess damage caused by rains, floods in Gujarat, officials said. The ministry is also in touch with officers of flood-affected states and it said that it would depute central teams to assess damages. It further added that under Prime Minister Narendra Modi's leadership, Central government was fully committed to providing all possible help to flood-affected states.
01.09 / 09:38
Citi Man wellness film country stars Features Manu Joseph: Nari Hira was a success only Bombay could have given India
When I do the math now, I realize that many people whom I considered old when I was 21 were actually only in their 40s and 50s. Nari Hira, for instance, who I thought was the most flamboyant old man in India was in his mid-50s when I first met him in 1995. I had just arrived from Madras and Bombay was a foreign land that was years ahead of the India I knew.
01.09 / 08:40
Citi Waters Experts track reports Traffic Hyderabad to receive heavy rains for next 2-3 days: Here are most flood-affected areas, cancelled and diverted trains list
Hyderabad on Saturday caused significant disruptions across the city, leading to widespread waterlogging and massive traffic jams. The downpour, which began as a light drizzle around 5 am, continued throughout the day, severely affecting daily life. IMD has predicted heavy rains are expected in various parts of Hyderabad for the next 2-3 days.
01.09 / 07:50
Citi FIVE Progressive students country Bangladesh must strive to keep its success story going
The downfall of former Bangladeshi prime minister Sheikh Hasina unfolded faster than almost anyone expected. In early July, students took to the streets in its capital Dhaka and other cities to protest the country’s job-quota system that reserved 30% of civil-service positions for veterans of the 1971 War of Independence and their descendants. Police were ordered to quell the unrest, and given permission to shoot if needed.
01.09 / 05:44
Citi Assurant Instagram concert singer shock SOLIDARITY Kolkata doc rape-murder: What Shreya Ghoshal said after postponing her concert in the city
Shreya Ghoshal has announced the postponement of her upcoming concert in Kolkata, originally scheduled for September 14, 2024. The decision comes in the wake of the recent tragic rape and murder of a trainee doctor in the city, which has left the nation in shock. Taking to Instagram and X, Ghoshal expressed her deep sorrow and distress over the incident. «I am deeply affected by the gruesome and heinous incident that recently took place in Kolkata. Being a woman myself, the very thought of the sheer brutality that she must have gone through is unthinkable and sends shivers down my spine,» she shared in a heartfelt statement. The singer emphasised the importance of standing in solidarity with those affected, leading to the decision to reschedule the «Shreya Ghoshal Live, All Hearts Tour Ishq FM Grand Concert.» The event, set to take place at Netaji Indoor Stadium, will now be held in October 2024, with the exact date to be announced soon.
01.09 / 05:41
Citi Action President War reports Israel finds six hostages' bodies in Gaza, including Goldberg-Polin, Biden says
Israel recovered the bodies of six hostages in Gaza, including that of Israeli-American hostage Hersh Goldberg-Polin, U.S. President Joe Biden said late on Saturday. «Earlier today, in a tunnel under the city of Rafah, Israeli forces recovered six bodies of hostages held by Hamas,» Biden said in a statement issued by the White House. «I am devastated and outraged.» The Israeli military said in a statement early on Sunday that the bodies of Carmel Gat, Eden Yerushalmi, Alexander Lobanov, Almog Sarusi and Ori Danino had been brought to Israel.
31.08 / 20:32
Citi FIVE FLEX Chelsea reports Arsenal With $2.6 billion, English Premier League leads summer transfer spending
English Premier League clubs again flexed their financial muscles by spending about $2.6 billion in the summer transfer window that closed Friday for Europe’s five big domestic leagues. And once again Chelsea was first in line with an outlay of $290 million as owners Todd Boehly and Clearlake Capital continue to look for a winning combination at Stamford Bridge. The Saudi Pro League's window remains open for a few more days — enough time for more deals like the one announced early Saturday that will see striker Ivan Toney join Al-Ahli. The Saudi club agreed to pay Brentford a transfer fee reported to be $52 million.
31.08 / 20:04
Citi Align Sustainability Yellow isolate Schools Traffic Hyderabad and other districts of Telangana asked to close schools if needed as rains lash state
monsoon remained active over Telangana, bringing heavy to very heavy rainfall across various districts, including the capital Hyderabad. On Saturday, Hyderabad witnessed heavy waterlogging in some parts of the city, leading to disruption in traffic. Narayanpet witnessed particularly heavy rainfall at isolated spots, while Mahabubabad experienced significant downpours across most areas. Additionally, Warangal, Bhadradri Kothagudem, Khammam, Mahabubnagar, Mulugu, Nagarkurnool, Suryapet, and Wanaparthy were impacted by isolated showers of varying intensity.
31.08 / 20:02
markets UPS Citi Gap Mobile Experts testing Why India's auto industry is betting big on the grand re-entry of small cars
small cars are set to make a strong comeback, say experts. A recent surge in two-wheeler sales is an indication of improving sentiment at the entry level of the personal mobility market, according to the experts. An expanding pool of two-wheeler owners looking to upgrade to four-wheelers, and the need for affordable and efficient mobility solutions in metro cities and urban areas also suggest that demand for small cars is set to pick up, and they expect the segment to return to the path of growth by 2026. Maruti Suzuki, the car market leader for which small cars were the bread and butter until a few years ago, is expected to enhance its portfolio of such models beyond the Alto, offering a mix of petrol, CNG and electric options. Some reports say the local unit of Japan’s Suzuki Motor is already testing small electric vehicles.
31.08 / 19:34
COST Citi Waters Extreme President country Ukraine braces for grim winter amid strikes on power plants
Kyiv now offers Heorhii Samofalov a safer and more stable life than his high-rise apartment in the Ukrainian capital. He doesn't need to use an elevator and has access to an uninterrupted supply of water and other amenities. «Power issues made it extremely challenging to reach the thirteenth floor,» the 75-year-old retiree said. «It's a problem even to make tea, as everything runs on electricity.» Russia's massive attacks on Ukraine's power grid have forced many like him to consider their options as a grim winter without heating looms. This week's air raids on Kyiv and other cities across the country were the largest since Russia's full-scale invasion began two and a half year ago.
31.08 / 18:36
Citi Election Football WhatsApp Experts show testing Manchester United vs Liverpool live streaming: Prediction, head-to-head, kick off time, how to watch in USA
Manchester United will play Liverpool in Premier League this Sunday. Premier League's two of the most iconic soccer clubs Manchester United and Liverpool will play 242 games. Manchester United won 91 times, Liverpool emerged winner in 81 occasions. Liverpool have started the ongoing season with two wins from two games. Manchester United have won the opening game but lost the previous match. Premier League soccer match between Liverpool and Manchester United will kick off at 11 am (ET) on Sunday, September 1.
31.08 / 16:00
UPS Citi Universities track Olympics Sporting The bar for entry to this exercise is over your head
Some people hold their breath at the sight of anyone attempting to pole vault. A smaller number see that and think, “Why not me?" To pull off a pole vault jump, you sprint down a runway while holding a fiberglass or carbon fiber pole in your hands, plant the pole and propel yourself over a horizontal bar that’s often at least 6 feet high without knocking it over, then fall into a cushioned landing area. “If you can run, do some push-ups and pull-ups, and are able to conquer physical and mental challenges, you can learn to pole vault," says former Plymouth State University pole vault coach Adam Keul.
31.08 / 15:51
Citi CEO Fighting WhatsApp Headlines UFC fight night, UFC 306 schedule: Date, how to watch MMA events
UFC fight night and UFC 306 schedule are out. The MMA events will be back on September 7 with UFC Fight Night as Gilbert Burns will take on Sean Brady in Welterweight category. UFC 306 will also take place in September. The events will be live streamed on ESPN+ and ESPN+ PPV. UFC Fight Night will be back in Las Vegas as welterweight category fight between Gilbert Burns and Sean Brady will headline the event. MMA fans can watch the event on ESPN+. UFC 306 will take place on September 14 when Sean O'Malley and Merab Dvalishvili will go head-to-head in Bantamweight category. The event will be streamed on ESPN+ PPV.

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