Citi Financial News

NEW DELHI: The Union Budget 2024-24, presented on 23 July in Parliament, streamlined taxation of most financial assets—but not real estate. Taxation rules for real estate are still the most complex among all financial assets.

Islamic State has described the 26-year-old Syrian man taken into custody after a stabbing rampage in the western German city of Solingen as a «soldier» of the group. Though largely crushed by a U.S.-led coalition several years ago, IS has managed some major attacks while seeking to rebuild. They include an assault on a Russian concert hall in March that killed at least 143 people and two explosions in the Iranian city of Kerman in January that killed nearly 100 people.

Banks like Deutsche Bank might be spending less money on consultants this year, but consultants are not entirely obsolete. Goldman Sachs alone imparted $777m on «professional fees» in the first half of 2024. Citi still loves consultants, too, even though McKinsey & Co's work on Citi's data issues doesn't seem to have resolved much.

streaming release date for "A Quiet Place: Day One," the third film in the «A Quiet Place» franchise. The film will be available on August 27 in the U.S. and Canada, following its successful theatrical release.

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...

Nigerian development swallows rural areas where herders live and graze cattle.

InterGlobe Enterprises, the biggest shareholder of IndiGo airline, has opened its boutique lifestyle hotel Miiro in Paris and Barcelona and is looking to add more properties in Europe over the next couple of years, a top official said. Neena Gupta, CEO of Miiro, said Le Grand Hotel Carye in Paris opened in July and Borneta in Barcelona this month. The entry-level luxury lifestyle hotel brand will continue back-to-back launches into 2025 with London and Vienna. Templeton Garden in London, located in the leafy area of Earl's Court, will offer 156 rooms, complemented by a cafe-deli, a neighbourhood restaurant, a vibrant bar, and an outdoor F&B experience in an expansive garden oasis in the Spring of 2025, she said.

Issue Dates: August 28-30 Issue Price: ₹318-334 per share Issue Size: Upto Rs 601 crore <div data-placem

Yahya Sinwar, the current Hamas chief, to potentially end the Israel-Hamas conflict in Gaza. Sinwar, who took over the leadership after the death of former Hamas Chief Ismail Haniyeh on July 31, was believed to be hiding in southern Gaza. Special Forces from Israel entered a tunnel in the region with a tip from intelligence agencies, but found the target location deserted except for papers and Israeli currency worth approximately $10 million. Yahya Sinwar, responsible for planning the Hamas attack on Israel on October 7 last year, took over the leadership after Haniyeh's death in Iran a month prior. Sinwar, known for his elusive nature, has repeatedly evaded capture by Israeli forces.

knife attack in Solingen, Germany that killed three people and wounded eight others at a crowded festival marking the city's 650th anniversary. The group said Saturday on its news site that the attacker targeted Christians and is a «soldier of the Islamic State» who carried out the assaults Friday night «to avenge Muslims in Palestine and everywhere.» The IS claim couldn't immediately be verified. No evidence for the group's assertions was provided.

With employees back at work, two Canadian railroads can resume operating.

Delhi government will soon be issuing directions to solve the parking situation in the national capital with provisions for user needs, including pedestrians, and emergency vehicles, officials said. Delhi Lt Governor V K Saxena recently held a meeting with the transport and other departments and issued directions to decongest the national capital. The directions include finalising area-specific parking plans, or APPs, and prioritising users' needs in future parking plans, such as those of pedestrians, cyclists, differently-abled access, emergency vehicles, public transit, and parking needs for schools and other public institutions.

Thousands may be unaware of dam failures dangers because of federal policies.

Two elite police units detained the suspect following a raid in the nearby city of Nimes on Saturday, according to CNN affiliate BFMTV. According to Interior Minister Gerald Darmanin, the suspect opened fire on the police.

If you want to understand the banking industry over the long term, one of the most important principles to learn is that of the “regulatory pendulum”.  Things come and go, every action has an eventual reaction.  Deregulation brings speculation, speculation causes crisis, crisis leads to harsh regulation.  But after a while, every financial centre realises that they might be able to steal a bit of market share by relaxing the rules a little bit, and the deregulatory cycle begins to turn again.

After a bitter contract dispute shut down the country’s two major railways, the federal labour board ordered thousands of rail employees back to work on Saturday.

floods that inundated vast areas of the low-lying South Asian country, disaster officials said. The floods were triggered by heavy monsoon rains and have killed at least 42 people in Bangladesh and India since the start of the week, many in landslides. «My house is completely inundated,» Lufton Nahar, 60, told AFP from a relief shelter in Feni, one of the worst-hit districts near the border with India's Tripura state. «Water is flowing above our roof. My brother brought us here by boat. If he hadn't, we would have died.»

Delhi. Not so much because of the rain, but because it has caused residents to drown to death, from those attempting to walk through flooded roads to unfortunate IAS candidates caught off guard by a sudden flood in their coaching center's basement library. In fact, new waterlogging zones have recently emerged in almost every part of the city, from Zakhira in West Delhi to Satya Niketan off Dhaula Kuan to the SPA-Kotla road axis to the posh Golf Links Road and Lutyens bungalows, which found themselves in nearly knee-deep water this rainy season. The looming question is whether this is due to the high rainfall levels alone, or if it is a man-made disaster unfolding in the capital, exacerbated by the AAP government's decade-long political slugfest with the Centre?

German city of Solingen, police said.Police said that the perpetrator was on the run, German news agency dpa reported. It cited unidentified police sources as saying the weapon was believed to be a knife.

₹75 crore business without any venture capital. Like Suta, several apparel brands in India have bucked the trend of startups relying on external capital to scale businesses. Despite capital becoming scarce, the advent of social media and online platforms has democratized brand reach, enabling these companies to grow profitably, albeit at a slower pace.

Mumbai man recently fell victim to a scam where he ended up paying Rs 61,000 for a date gone wrong at The Godfather Club in Andheri West. The incident has brought attention to a broader swindle involving dating apps and fancy restaurants, leaving several men financially drained and humiliated. The modus operandi involves matching on dating apps like Tinder, Bumble, Hinge, and OKCupid, followed by an expensive meet-up that turns out to be a financial trap. Activist Deepika Narayan Bhardwaj shared the details of this scam on social media platform X. According to her, the scam unfolds as men connect with women on these dating apps who quickly express interest in meeting up. The rendezvous is often set at upscale places such as The Godfather Club or similar establishments. Once at the venue, the women order costly items such as high-end liquor or hookah, which are not on the menu. After placing the orders, the women abruptly leave, citing emergencies, and the men are left to settle the high bill. «MUMBAI DATING SCAM EXPOSE THE GODFATHER CLUB ANDHERI WEST. BRAZEN SCAMMING EVERYDAY. 12 victims in touch. Trap laid through Tinder, Bumble. Bill amounts 23K- 61K. 3 men trapped by the same girl @MumbaiPolice,» Deepika Narayan Bhardwaj posted.