Citi Financial News

Axis Commercial Real Estate Fund, a strategic partnership between Axis Asset Management Co and global real estate developer, owner, and operator Tishman Speyer, has acquired a 1.5-acre land parcel at Fintech City in Chennai’s Nandambakkam. The fund has acquired the land parcel through a bid cum e-auction process conducted by the Tamil Nadu Industrial Development Corporation (TIDCO). The Tamil Nadu government, through TIDCO, has envisioned Fintech City as a world-class infrastructure hub for the financial technology industry in Chennai. “Chennai investment is the epitome of the fund strategy; wherein a clear titled land parcel supported by single window clearance for approvals at city centric location has been acquired in a transparent manner by the fund. The fund is completely aligned and will seek to benefit from TIDCO’s vision and strategy of the Fintech City,” said Chetan Shah, Head – Real Estate, Axis AMC.

Forecasters expect the official data from the Office for National Statistics on Wednesday (14 August) to reveal that inflation jumped from 2% to 2.3% in July. Bank of England cuts interest rates by 25 basis points to 5% This comes despite a show of «resilience» from the UK economy over the summer, arguably providing some room for further rate cuts, according to data from consultancy firm BDO. Its Optimism Index rose above 100 for the third consecutive month to levels last seen in mid-2022 — rising slightly to 102.22 from 102.09 in June, marking the third time it...

according to the Canadian Airports Council. The next 30 are at barely 70 per cent.Driving the travel rebound is a surge along big-city routes.

IPE Plus Fund, finds itself in the crosshairs of Hindenburg Research, its New Delhi-born, Singapore-based, founder and chief investment officer (CIO) Anil Ahuja finds himself in the news yet again. Ahuja was among the first to make a private equity bet on the Adani Group, while he was at 3i Infrastructure, which he joined in 2005. In 2007, 3i made the first investment from its Indian infrastructure fund, paying $227 million (Rs897 crore at the time) for an undisclosed stake in Adani Power Ltd, then a fully-owned subsidiary of flagship Adani Enterprises Ltd. According to a TOI report, with the enterprise value of Adani Power pegged at Rs 10,850 crore, 3i's equity stake in Adani Power worked out to around 8%. This was 3i’s largest transaction in India since it started investing in the country in mid-2005. It held onto the stock for over seven years. When it sold a 2% block in the company in 2014, VC Circle calculated a 25-30% loss in pound sterling (40% in dollar terms) largely on account of sharp depreciation of the Indian currency. Ahuja left 3i in 2013 and joined IPE Plus Advisors in January 2014. Read More: Madhabi Buch made disclosures, investors should read Hindenburg disclaimer: Sebi

Over the course of many weeks in July, thousands of locals hit the streets of Spain’s major tourist destinations saying they’ve had enough of tourists. The protests are the latest in an anti-tourist sentiment gripping much of Europe, with experts warning that they could have ripple effects all over the world.

Los Angeles in 2028. Speculation was rife that Hollywood star Tom Cruise — seen around town during the final weekend — would feature in the closing ceremony that unlike the rain-drenched July 26 opening ceremony of the 2024 Paris Games, basked in sunny, hot weather. For now, French swimmer Leon Marchand started the Olympic flame's journey to the Stade de France. For Los Angeles, topping Paris could be mission impossible. The French capital made spectacular use of its cityscape for its first Games in 100 years. The Eiffel Tower and other iconic monuments became Olympic stars in their own right, serving as backdrops and in some cases venues for competitions.

Hyderabad: Telangana Chief Minister A Revanth Reddy and his team concluded their business tour of the United States on a high note, securing over Rs 31,500 crore investment plans that will bring over 30,750 jobs new jobs in the state. The delegation comprising IT and Industries Minister D Sridhar Babu and officials, during over 50 business meetings and three roundtable conferences in New York, Washington DC, Dallas and California, concluded19 investment deals/ MOUs, totalling an investment of Rs 31,500 crore and 30,750 new jobs for Telangana, an official release said on Sunday. The delegation pitched Hyderabad and Telangana as investment destination to business heads and investors across different sectors and closed new and expansion deals in IT, GCC, Life Sciences, Pharma, Data Centres, AI, among others, it said. The delegation got massive reiteration and support for various major initiatives including creation of a Future City, AI City, rejuvenation of Musi river, the release said.

Analysts are expressing shock at a decision by Mexico’s central bank to cut interest rates on the same day that official figures showed a sharp rise in domestic inflation

Mexican drug lord Ismael “El Mayo” Zambada has said that he was ambushed and kidnapped when he thought he was going to meet the governor of the northern state of Sinaloa

Greek authorities say that customs agents have seized around 93 kilograms or 205 pounds of cocaine at the port in the northern city of Thessaloniki

waterlogged park in Sector-20, Rohini, Delhi. The incident occurred around 6:30 pm when the child was playing in a park that had accumulated rainwater. Delhi Police reported receiving a PCR call about the drowning at Aman Vihar Police Station. A police team arrived at the scene and found that the child had been rushed to a hospital where he was declared brought dead. The police officer stated, “On Saturday, around 6:30 pm, a PCR call regarding the drowning of a child in a park in Sector 20 in Rohini was received at Aman Vihar Police Station.” The body has been sent for post-mortem, and an investigation is ongoing, including a review of CCTV footage to understand the sequence of events.

Uttar Pradesh took out a protest march on Sunday over attacks on Hindus in Bangladesh. People in Varanasi took out a protest march in the city. In Ayodhya, Mahants and Hindu organisations took out a protest march in the city. Former BJP leader Pandit Sunil Bharala said, «The Hindu minority in Bangladesh is under threat at the moment. The temples and mutts are not secured and at night they are guarding it. Our daughters are also not safe. I condemn these attacks and appeal to the Bangladesh interim government to protect them. Our Prime Minister Narendra Modi has taken a strong stand on it. There is anger in the country. India should take a strong decision on this issue if this continues.»

The Olympic Games are causing a surge in prices, but French consumers aren't likely to feel its pinch.

Moosa Zameer and External Affairs Minister S Jaishankar will soon commence the handing over ceremony of the reclamation and shore protection project and the inauguration of the 4-lane Detour Link road project. The Maldivian Foreign Affairs Minister welcomed Jaishankar to Addu City on Sunday. Moosa Zameer took to X and highlighted that both these projects are facilitated by the Indian government under the LoC of EXIM Bank.

The Met Department expects the maximum and minimum temperatures likely to settle around 32 and 26 degrees Celsius, with a generally cloudy sky throughout the day. Rains lashed the national capital on Saturday prompting heavy traffic due to waterlogging in various parts of the city.

UK on Saturday to protest recent rioting blamed on the far-right in the wake of the Southport knife attack that killed three children. Crowds massed in London, Glasgow, Belfast, Manchester and numerous other English towns and cities, as fears of violent confrontations with anti-immigration agitators failed to materialise. It followed a similar situation unfolding on Wednesday night, when anticipated far-right rallies up and down the country were instead replaced by gatherings organised by the Stand Up To Racism advocacy group.

Israeli airstrike hit a school-turned-shelter in Gaza early Saturday, killing at least 80 people, Palestinian health authorities said, in one of the deadliest strikes in the 10-month-old war between Israel and Hamas. The Israeli military acknowledged it targeted the Tabeen school in central Gaza City, claiming it hit a Hamas command centre within the school. Hamas denied that. The United Nations said the latest strike was part of Israel's increasing attacks on Gaza's schools, which have been turned into shelters for people who have been forced to flee their homes by the war. Video from the scene showed walls blown out on the ground level of a large building. Concrete chunks and twisted metal lay atop the blood-soaked floor, along with clothing, toppled furniture and other debris. A blackened car with the windows blown out was covered in rubble.

Narendra Modi on Saturday pledged complete support to Kerala in rehabilitating hundreds of people and their families displaced by the recent landslides and flash floods in Wayanad. The PM conducted an aerial survey of the landslide-hit regions and visited the affected families at relief camps and injured persons at the local hospital after arriving by helicopter from the Kannur international airport. Accompanied by Chief Minister Pinarayi Vijayan, Modi reviewed the damage at the worst affected areas of Punchiri Mattam, Mundakkai and Chooralmala. Meppadi, Mundakkai and Chooralmala suffered the worst catastrophe in landslides caused by continuous rains and swollen streams on July 30 morning.

Mahesh Babu's 2001 blockbuster, Murari, has returned to theaters with a resounding impact, proving that some films are truly timeless. The 4K re-release had a resounding impact on its first day, raking in an impressive ₹5.46 crore gross worldwide. This re-release has shattered expectations, proving the enduring popularity of the film and the superstar's massive fan base. The re-release has ignited a frenzy among fans, transforming into a full-blown celebration. From bustling cities to quaint villages, theaters are packed to the brim with enthusiastic viewers. The fervor reached its zenith with a couple who chose to exchange vows during a Murari screening, a testament to the film's enduring charm.

Paris Olympics 2024 closing ceremony is scheduled to take place on Sunday, August 11. The XXXIII Olympiad or Summer Olympics 2024, which began on July 26, is all set to culminate as Los Angeles gears up to host the prestigious event.

Home prices in Canada aren’t done falling this year as a lack of affordability and looming mortgage renewals weigh on markets across the country, according to an analysis from economists at Oxford Economics.