Citi Financial News

25.12 / 00:43
markets COST Citi Mobile band country reports BSNL to shut down 3G, end legacy vendor contracts for better 4G
As part of a broader effort to cut costs, Bharat Sanchar Nigam Ltd (BSNL) will shut down its 3G mobile services nationwide. The state-owned telecom operator also plans to terminate annual maintenance contracts (AMCs) with vendors such as Nokia and Chinese equipment maker ZTE for the 3G sites, according to two officials familiar with the matter and letters seen by Mint.The move comes as the state-run telecom operator focuses on its 4G network, having currently installed 97,481 4G towers across the country.
24.12 / 17:51
Citi Provident Target Mobile Discover reports Updates CESL finds lower-than-estimated prices in 10,900 e-bus tender
Mint reported earlier on 1 November that PMI, EKA and Olectra were eyeing this tender. EKA confirmed the development to Mint.
24.12 / 14:23
markets COST Citi show Updates Headlines Mint Explainer | Cheaper loans, rising prices—is buying a home really affordable?
Mint breaks down what’s driving this improvement and why affordability is still under pressure.India’s residential real estate market continues to see strong demand. Despite housing prices being on the rise, certain cities, including Mumbai, the country’s most valuable property market, are seeing improving homebuyer affordability.Knight Frank’s Affordability Index, which measures the proportion of household income spent on equated monthly instalments (EMIs), shows a consistent improvement across the top eight cities since 2010.Affordability is influenced by three key factors: weighted average prices, income levels and home loan interest rates.
23.12 / 11:09
COST UPS Citi Align country Mint Explainer | How PNGRB’s tariff reset could lower CNG and PNG prices
Subscribe to enjoy similar stories. NEW DELHI: Millions of CNG and domestic PNG users across India could pay less for gas as the Petroleum and Natural Gas Regulatory Board (PNGRB) simplifies transportation tariffs under its “One Nation, One Grid, One Tariff" vision. The regulator has reduced the number of tariff zones from three to two—up to 300 km and beyond 300 km—aiming to lower regional disparities and align natural gas pricing with competitive fuels such as liquefied petroleum gas (LPG), or cooking gas, and petrol.
23.12 / 07:03
markets Citi Aware Manufacturing Sustainability Research Updates India’s booming fashion industry is a climate nightmare that demands clean-up action right away
India’s fashion and apparel industry is projected at $350 billion by 2030, as it is growing at over 10% annually, faster than almost any other manufacturing sector. This momentum looks unstoppable, but it is also becoming a climate liability that could get in the way of our decarbonization goals.The arithmetic is unforgiving. Globally, fashion accounts for 10% of annual carbon emissions, more than all international flights and maritime shipping combined.
23.12 / 04:07
COST Citi CEO Strategy Bill Experts reports Why 2025 was a turning point for tax planning and investments
Subscribe to enjoy similar stories. Dear reader, as 2025, a year of global tumult and volatility, rolls by, Mint's reporters and columnists look around the corner on what is coming in 2026—to help you know what to expect and prepare for it. Tell us what you think at [email protected]. The year 2025 marked a shift in how small taxpayers approach investments and tax planning.
22.12 / 12:15
UPS Citi Provident Research show information Traffic How street-level data is changing the way India sees air pollution—and the startup behind it
air quality-focused climate-tech startup, for a full retrofit. Today, every IntrCity SmartBus functions like a moving air-quality lab.
22.12 / 11:29
UPS Citi security Death War Investigations Returning Russian POWs pay heavy price for choosing surrender over death
Subscribe to enjoy similar stories. When a self-described patriotic, middle-aged Russian soldier was released from a prisoner-of-war camp in Ukraine earlier this year, he called his family to tell them he was alive, free and back on Russian soil. As the phone was passed around, he told them he might be back in time for his son’s birthday in a few weeks’ time.
21.12 / 06:51
markets UPS Citi Manufacturing ICE rights Updates Dark horse Ather is the real challenger to India’s legacy two-wheeler makers in 2026
Sitting in the conference room of his office in Bengaluru, Ather co-founder and chief Tarun Mehta is amused at a question on how life has changed since the company went public. The bespectacled 36-year-old says he is frequently asked this, nearly everywhere he goes.“I'm getting a bit of a fomo (fear of missing out) right now. There's something I'm missing about what should have changed.
20.12 / 11:41
markets UPS Citi ETF Bitcoin show performer Bitcoin bulls are blinking. 2026 forecasts look soft.
Subscribe to enjoy similar stories. Bitcoin is mired in a slump. That weakness is showing up in tepid 2026 price forecasts.
19.12 / 14:31
Citi Provident Gap Department medicines guidelines Pharmaceuticals India tweaks Jan Aushadhi Kendra rules: What the 500-metre gap means for owners
Subscribe to enjoy similar stories. New Delhi: India has revised rules for opening retail outlets under a government scheme to sell high-quality generic drugs at affordable prices, mandating a minimum distance of 500 meters between stores in major urban areas, according to two officials and a document reviewed by Mint. This decision replaces the guidelines issued in September, and seeks to balance the scheme’s rapid expansion with the financial health of Pradhan Mantri Bharatiya Janaushadhi Kendras.
18.12 / 08:03
markets COST UPS Citi Bill Trade reports This retail company turned ₹1 lakh in 2013 into ₹3.3 crore today—and its growth story isn't over yet
Subscribe to enjoy similar stories. More than a decade ago, this was a small, largely overlooked retail chain with a limited footprint. Its stores were concentrated in smaller towns, markets where a large share of India's population lives and spends, but organized retail penetration remained low.
18.12 / 07:37
markets Citi economy Sustainability Food community social To solve today’s crises, economics must move beyond masculine ideas of output growth
India’s economic growth is not producing enough jobs for its youth. AI will not solve the problem. We need systemic solutions.
18.12 / 02:03
Citi President War blues isolate Videos Ukraine scrabbles for handholds against Russia’s massive assault
Subscribe to enjoy similar stories. ON DECEMBER 12TH situation maps around the key railway town of Kupiansk in Ukraine’s north-east flipped from red to blue. DeepState, a war monitor, explained the change: a successful Ukrainian counter-attack had liberated most of the town, leaving pockets of Russians encircled.
16.12 / 00:55
markets UPS Citi FIVE CEO Interviews International Armed with new RBI approvals, HSBC India's Hitendra Dave wants a seat at the big banks' table
Subscribe to enjoy similar stories. Mumbai: Foreign banks might have "lost the plot" about two decades ago to make it big in India, losing ground to local private banks, but HSBC India's chief executive, Hitendra Dave, now wants to use a recent approval to open new branches to regain some of that ground. In January, the bank got a Reserve Bank of India (RBI) go-ahead to open 20 branches across cities such as Lucknow, Amritsar, Bhopal, Bhubaneswar, and Dehradun among others.
14.12 / 09:21
Citi Election President country reports peace Zelensky attempts to rewrite Trump’s peace plan rather than reject it
Subscribe to enjoy similar stories. KYIV, Ukraine—President Volodymyr Zelensky, with the help of his European allies, has carefully crafted a response to President Trump’s peace plan that essentially boils down to: Yes, but… Zelensky is prepared to hold elections, but would need a cease-fire. He says Russia can maintain some involvement in Europe’s largest nuclear plant, which it currently occupies, but Ukraine and the U.S.
13.12 / 11:25
Citi Food community DISH DAL rock Beyond kebabs and biryani: Where and what to eat in Lucknow
Subscribe to enjoy similar stories. Whenever my friends want to eat puri-aloo, they invite themselves over to my home. In my hometown of Lucknow, this combination is found on every table, irrespective of class, community or faith.
13.12 / 10:05
UPS Citi Booking Discover Refugees beautiful Sameer Hamdani's ‘City of Kashmir’: How Srinagar lost its cosmopolitan identity
Subscribe to enjoy similar stories. Historically, for the people of Kashmir, there is only one shahr or city, writes Sameer Hamdani in his new book City of Kashmir—Srinagar: A Popular History. Depending on which part of Kashmir you are in, you are either going up (khasun) or down (vasun) to Srinagar. The common inclination is to look at Srinagar through the prism of militancy, violence and stone-pelting—like a fault line, there’s a clear demarcation between before and after 1990’s Srinagar.
13.12 / 05:03
Citi Food DISH trends love Are we overdoing the storytelling at restaurants?
Subscribe to enjoy similar stories. A few weeks ago, I was dining at a coveted Kolkata restaurant—their menu a thoughtful play on the city’s street food and Bengali home cooking, elevating it to the level of modern fine dining. But each dish came with a story—of its inspiration, origin and the chef’s personal connection to it—that lasted more than a couple of minutes.
12.12 / 11:41
Citi Provident Progressive Discover Death Adventure stars Sita Bhaskar's new novel is a modern-day throwback to RK Narayan’s ‘Malgudi Days'
Subscribe to enjoy similar stories. At the end of her charming novel Rukmini Aunty and the R.K. Narayan Fan Club, Sita Bhaskar quotes the Scottish writer Alexander McCall Smith’s admiration for the much-loved creator of Malgudi Days, first published as a collection of short stories in 1943, and later turned into a popular TV series in 1986.
12.12 / 11:41
UPS Citi Food classical stars Features 30 bars we loved in 2025
Subscribe to enjoy similar stories. Speakeasies, wine bars, listening rooms, quirky theme bars, friendly locals, bars with their own labs, bars-within-bars—and did we mention speakeasies? 2025 has been a fantastic year for the already vibrant Indian dining-out scene, with older bars making themselves stronger and newer ones entering the fray in a variety of formats and styles (with speakeasies leading as the most popular format by a mile).

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