Citi Financial News

23.08 / 01:46
markets Citi FIVE economy Remark Trade President Stocks, bonds face pressure ahead of Powell speech: Markets wrap
Asian markets opened lower, as investors prepare for comments from Jerome Powell later Friday. Equities in Australia and South Korea fell alongside Hong Kong share futures, echoing Thursday’s selloff in US stocks where both the S&P 500 and tech-heavy Nasdaq 100 indexes retreated.
22.08 / 21:05
UPS Citi Booking Inside yachting curling World's worst burglar? A thief puts stealing on hold to read a book
heist to read a book about Greek mythology, a would-be Rome burglar wishes he had learned this lesson sooner. The 38-year-old robber entered a flat in the Prati neighbourhood of the city after scaling the balcony, but he was sidetracked by a book. He continued pouring over the anthology on the terrace after that. According to local media, the burglar stayed there for so long that the homeowner, 71, woke up and found him flipping through the pages. The thief attempted to flee by sliding down the same balcony. However, he was soon arrested after being obstructed by his neighbours. Also Read :How does the $40 million Bayesian yacht that sunk off Italian coast look from the inside? Here are details
22.08 / 15:54
COST Citi BLOCK Trade President Canada's two biggest railways shut down after labour talks fail
Canada’s two biggest railways, accounting for almost 80 per cent of the national network, shut down early Thursday after talks with a union failed, immediately blocking arteries of North American supply chains that carry about $1 billion per day in trade.
22.08 / 15:34
Citi Provident Airlines wellness love country travelers Air India announced additional flights to Kolkata to cater to festive rush
Air India on Thursday announced that it will temporarily operate additional flights to Kolkata from four Indian cities to meet greater travel demand to the city during the upcoming Durga Puja festivities. Starting 20 September 2024, Air India will operate daily, non-stop flights to Kolkata from Bengaluru and Hyderabad for nearly a month. The airline has also increased frequency to Kolkata from Delhi effective 15 August 2024, and from Mumbai effective 25 September 2024.
22.08 / 13:25
Citi Target Manufacturing Parke Highways cover electronic IndoSpace to invest over Rs 580 crore to develop two logistics parks in Karnataka
industrial real estate IndoSpace is planning to invest over Rs 580 crore to develop two new logistic parks spread over 76 acres in Karnataka as part of the commitment made by the company through a Memorandum of Understanding (MoU) signed with the state government. In 2022, IndoSpace entered into a seven-year pact with the government, with a commitment to invest Rs 3,000 crore in the state's warehousing and logistics industry. This investment, the largest ever by an industrial developer in Karnataka, is expected to create 14,000 new jobs. “These parks will have a total development potential of 1.8 million sq ft and are targeted at industries such as automobiles, engineering, electronics, and third-party logistics (3PL) operators. These parks will be developed in phases, and the work will commence this year with plans to make them operational over the next 2–3 years,” said Rajesh Jaggi, Vice Chairman, Real Estate, The Everstone Group.
22.08 / 13:17
markets COST Citi Provident Merit reports Department Ghaziabad Circle Rate Hike: Property prices likely to increase next month. Here're the proposed new rates
Ghaziabad's stamp and registration department has received only 20 objections to the proposed 15 per cent to 20 per cent hike in circle rates for both residential and commercial properties. The window for filing objections or providing feedback will close in three days, with the revised rates expected to take effect on September 15, following the government's redressal of concerns on August 28, a TOI report stated.
22.08 / 12:00
COST Citi Target economy wellness President Euro-zone data suggests ECB could cut rates again
A key gauge of euro-zone wages eased — reinforcing the case for the European Central Bank to continue lowering interest rates next month.
22.08 / 09:44
Citi Provident Waters track reports Department prevention Water water everywhere? Delhi govt has a long-term solution for waterlogging issue
Delhi government has proposed long-term solutions to tackle the persistent problem of waterlogging during the monsoon season. The measures include enhancing technology for monitoring the drainage system, addressing the conflict of multiple authorities, finding permanent solutions for chronic waterlogging at specific points, removing encroachments, and effectively managing construction, demolition, and dairy waste. These efforts are aimed at preventing waterlogging by improving existing infrastructure and coordination among various agencies. A detailed report based on assessments by multiple government agencies, including the Municipal Corporation of Delhi and Delhi Development Authority, has been prepared to identify lasting solutions, reported TOI. The report points out several critical drawbacks, such as the presence of multiple agencies, the lack of stormwater outfall in many unauthorized colonies and slum clusters, and silt buildup in drains that reduces their carrying capacity. «In a step to fix multiplicity of authority, we have assigned responsibility, management and operations of 22 drains that have their outfall in the Yamuna to a single department — irrigation and flood control,» TOI quoted a government official as saying, on Wednesday. The Delhi government is also taking other steps to address the issue of multiple agencies.
22.08 / 05:54
markets Citi IPO Sustainability trends Trade band Forcas Studio IPO allotment to be finalised today. Here's how you can check status
SME IPO of Forcas Studio received a healthy response from investors as the issue was subscribed to over 400 at close. Post the strong response, the company is likely to finalise the share allotment for the IPO today. Investors, who placed bids for the IPO, can check the status through the registrar or by visiting the NSE website.
21.08 / 20:58
Citi Reuters Telegram War show reports Russian Defences Down 11 Ukrainian Drones over Moscow
The war, largely a grinding artillery and drone battle across the fields, forests and villages of eastern Ukraine, escalated on Aug. 6 when Ukraine sent thousands of soldiers over the border into Russia's western Kursk region. For months, Ukraine has also fought an increasingly damaging drone war against the refineries and airfields of Russia, the world's second largest oil exporter, though major drone attacks on the Moscow region — with a population of over 21 million — have been rarer.
21.08 / 18:50
Citi community hospital Investigations Police probing bomb threats sent to multiple Jewish organizations, hospitals
Police in multiple cities across Canada are responding to bomb threats that were sent to Jewish organizations, synagogues and some hospitals this morning.
21.08 / 16:45
Citi SUN economy Forrester Election World's 'largest solar precinct' approved by Australian government
An ambitious plan to build a massive solar farm in remote northern Australia to transmit energy by a submarine cable to Singapore is a step closer after the Australian government granted environmental approvals for the $19 billion project on Wednesday
21.08 / 15:51
UPS Citi Airlines reports travelers Traffic International Canada’s big pensions are ready for airport privatization. Are Canadians?
The check-in area of London City Airport, about a 30-minute Tube ride from Canary Wharf, looks much like any midsized hub in North America. There are queues of passengers waiting to check bags, busy shops and restaurants, and a duty-free shop.
21.08 / 14:10
markets Citi Manufacturing Food Research Trade electronic Amid e-commerce surge, Indian shoppers continue to buy from retail chains
Indian shoppers are continuing to buy from retail chains especially when it comes to premium products and during big discount days or festive periods, as per a latest study by market researcher NielsenIQ. The study shows that these big shopping periods contribute 20% of incremental sales for FMCG and 60% for consumer electronic products. Non-food categories grow 1.8 times faster than food during these periods, driven by deep discounts and consumer preference for non-essentials. Categories such as toothpaste, toilet soap, and washing powder lead the charge, benefits with 20-30% incremental sales during big days, it said.
21.08 / 14:03
Citi Digital Platform Enterprise Research performer reports Online vendors generated 15.8 million jobs in India: Report
Online vendors have generated 15.8 million jobs in India, including 3.5 million for women, with about 1.76 million retail enterprises participating in e-commerce activity, says a report released on Wednesday. The report 'Assessing the Net Impact of e-Commerce on Employment and Consumer Welfare in India' was launched by Commerce and Industry Minister Piyush Goyal. «Plugging in data from our survey, we estimate that online vendors generate 15.8 million jobs, including 3.5 million jobs for women,» the report prepared by Pahle India Foundation (PIF), a Delhi-based policy research institute, said. E-commerce, according to the report, has been a key driver of employment generation In India. On an average, online vendors employ 54 per cent more people and almost twice the number of female employees, compared to offline vendors.
21.08 / 13:54
COST UPS Citi Football Chelsea reports Sporting Are investors souring on elite soccer assets?
The Premier League has been a rich hunting ground for Americans over the past two decades, with almost half the 20 clubs under their control as it started a new season. The interest was turbocharged when a group led by billionaire Todd Boehly acquired Chelsea two years ago.
21.08 / 13:53
markets Citi Parke trends show country exclusive Manoj Bajpayee sells apartment in Mumbai’s Mahalaxmi for Rs 9 crore
Manoj Bajpayee and his wife Shabana Raza Bajpayee have sold an under-construction premium residential apartment in Mumbai’s Mahalaxmi locality for Rs 9 crore. The apartment on the 47th floor of one of the wings of the upcoming tower on Boricha Marg is spread over 1,247 sq ft. The owner of the apartment will also get exclusive access to two car parking slots. The deal has attracted stamp duty of Rs 54 lakh and the same was registered on August 16, showed the documents accessed through IndexTap.com.
21.08 / 12:14
Citi Death President students DAL Courts Another case filed against former PM Hasina, her aides in Bangladesh
Bangladesh's deposed prime minister Sheikh Hasina and 86 others on charge of attacking a procession in Sylhet citywhich left several people shot and injured during the recent mass protests on August 4, taking the number of cases against her after her ouster to 33. Juber Ahmed, acting president of Jatiyatabadi Chhatra Dal's Sylhet city unit, filed the case with the court of Sylhet Metropolitan Magistrate Suman Bhuiya. Hasina's sister Sheikh Rehana is also an accused in the case. According to the case statement, the accused attacked a peaceful rally, brought out by Bangladesh Nationalist Party and its associate organisations in Sylhet City's Bandarbazar area on August 4, which left several shot and injured, The Daily Star newspaper said.
21.08 / 11:25
Citi Man social information reports Investigations Pakistan police charge man with cyber terrorism over misinformation that led to riots in UK
cyber terrorism for his alleged role in spreading misinformation that led to widespread rioting in the U.K. earlier this month, a senior police investigator said Wednesday. The suspect was identified as Farhan Asif, 32, a freelance web developer, said Imran Kishwar, deputy inspector general of investigations in Lahore, the capital of eastern Punjab province. The man is accused of spreading misinformation from YouTube and Facebook about the British teenage suspect in a stabbing attack that killed three girls and injured 10 other people July 29 at a dance class in Northwest England.
21.08 / 11:22
COST UPS Citi Provident Waters security Livpure secures ₹233 crore from M&G, Ncubate, to expand subscription network
MUMBAI : Livpure, a provider of water purification solutions, has raised ₹233 crore in a funding round as it gears up for aggressive growth. The capital was raised from private equity giant M&G Investments and venture capital firm Ncubate Capital Partners. "The capex will primarily be required to build the subscription network across the country as we expand from 26 cities to 50, and eventually to 100 cities in the next three years," said Rakesh Kaul, managing director, Livpure.

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