Citi Financial News

India took a significant leap by introducing 8 national high-speed road corridors spanning 936 km. With an investment of Rs 50,655 crore, these corridors are set to revolutionise connectivity and boost economic growth across India, posted MyGovIndia on X, the citizen engagement platform of Government of India. These corridors will not only streamline transportation but also spur economic growth, making them a critical step forward in connecting India like never before.

men's marathon in Paris on Saturday as Eliud Kipchoge's bid for a third gold went up in smoke. Tola clocked an Olympic record of 2hr 06min 26sec for victory, finishing 21 seconds ahead of Belgium's Bashir Abdi, whose silver marked an upgrade from his bronze garnered at the Covid-hit Tokyo Games three years ago. Kenya's Benson Kipruto, winner of Tokyo, Boston and Chicago marathons in recent years, rounded out the podium, a further 13sec adrift.

Berlin's newest tourist attraction, a swing on the top of a 40-storey tower block. Billed as the highest swing in Europe, the contraption on top of a hotel next to Berlin's famous TV tower is a novel way to take in the city — with a dose of adrenaline thrown in. Once strapped into a harness, customers are propelled forward so that when they are at the high point of the swing, there is nothing between them and the ground 120 metres (nearly 400 feet) below.

Gaza's civil defence agency said Saturday at least 90 people were killed in an Israeli strike on a school housing displaced people in the besieged Palestinian territory. The agency said three Israeli rockets hit the school in Gaza City, describing the incident as a «horrific massacre», with some bodies catching fire. Israel's army said Saturday it had «precisely struck Hamas terrorists operating within a Hamas command and control center embedded in the Al-Taba'een school».

Vinhedo: An airplane carrying 57 passengers and four crew crashed Friday in Brazil's Sao Paulo state, killing everyone on board, the airline said. The aircraft, an ATR 72-500 operated by Voepass airline, was traveling from Cascavel in southern Parana state to Sao Paulo's Guarulhos international airport when it crashed in the city of Vinhedo. Voepass initially said the plane was carrying 58 passengers, but a statement on the airline's website later revised the figure to 57.

festive season is sparking a burst of temporary hiring, with 600,000-700,000 jobs likely to be created across industries. Demand for temporary staff is surging 15-20% year-on-year, fuelled by an anticipated increase in consumer spending, resurgence in the rural economy amid prospects of a good harvest and a buoyant stock market, said staffing firms including Quess, Randstad, Adecco, CIEL HR Services and TeamLease Services. Ecommerce and logistics are likely to see the highest jump of 30-35% in temporary hiring, though demand is also strong from the consumer, banking, financial services and insurance (BFSI), retail and hospitality sectors, the firms said. “We are still in the early stages but there’s already been a considerable rise in festive demand. We are expecting to see some 600,000- 700,000 temp jobs being created across sectors this year,” said Lohit Bhatia, president, workforce management, Quess Corp.

India can set up 5-6 massive zones for manufacturing, similar to the Gift City for financial services, as it moves towards its $1 trillion goods exports target, PwC India chairperson Sanjeev Krishan said. He spoke to ET on a PwC India report released Friday that said India's $1 trillion goods export target can be achieved one year in advance by fiscal 2029 with appropriate measures. The report, 'VIKSIT: An approach for India to achieve $1 trillion exports', offers a six-pillar framework for achieving the target.

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To assess their real estate attractiveness and growth potential for the next five to six years, Colliers India has analysed over 100 emerging cities in its latest report, «Equitable Growth and Emerging Real Estate Hotspots.» From this pool of over 100 cities, 30 emerged as high-potential growth centres. Notably, 17 of these cities are expected to witness accelerated real estate development across three or more asset classes. The 17 emerging real estate hotspots are spread across the country. They are Amritsar, Ayodhya, Jaipur, Kanpur, Lucknow, and Varanasi in the North; Patna and Puri in the East; Dwarka, Nagpur, Shirdi, Surat in the West; and Coimbatore, Kochi, Tirupati, Visakhapatnam in the South and Indore, says Colliers India report.

tech capital of India, Bangalore has topped the list of 20 APAC cities with the largest flexible office stock at 15.5 million square feet, surpassing cities such as Shanghai, Seoul, and Tokyo. Following Bangalore, Delhi NCR ranks second with a total flexible office space stock of 10.7 million square feet as of June 2024, mentioned CBRE. Recent growth in the Asia Pacific flexible office space market has been primarily driven by Indian cities, where the expansion is supported by the demand for managed solutions offered by domestic flexible office operators.

Court of Arbitration for Sports will start hearing Indian wrestler Vinesh Phogat's appeal against her disqualification at the Paris Olympics today. Phogat's appeal includes a request for a joint silver medal after being found overweight following her semi-final victory in Paris. Senior advocate Haris Salve will represent Phogat during her hearing. The hearing is likely to start at 5:00 pm. Also Read: Catch all the live updates on Vinesh Phogat case hearing in CAS The 29-year-old wrestler missed the opportunity to compete for the gold after being disqualified for being overweight during the morning weigh-in on Wednesday. This followed her impressive performance the previous day, where she defeated the unbeaten Yui Susaki of Japan in her opening bout.

Nest Seekers International chief economist Erin Sykes weighs in as high interest rates continue to hurt the housing market on 'The Bottom Line.'

biotech giant Amgen on Friday announced its plans to open a new technology and innovation site in Hyderabad, India. The site, to be known as Amgen, will be located in HITEC City, a suburb of Hyderabad, occupying six floors of the RMZ Spire Tower, with a potential to accommodate up to 3,000 people. The site will be operational in Q4 2024. Amgen India will initially build and accelerate new technology solutions and digital capabilities at scale that will enhance efficiencies across the enterprise.

BJP and JD(S), on Friday continued their protest march, demanding the resignation of Chief Minister Siddaramaiah over the alleged Mysuru Urban Development Authority (MUDA) site allotment 'scam.' The week-long Bengaluru-Mysuru padayatre (foot march) has sought to highlight the alleged fraudulent allotment of sites to land losers by MUDA, including to Siddaramaiah's wife Parvathi. The seventh day of the 'Mysuru Chalo' protest march began at Srirangapatna in Mandya district, and is scheduled to cover a distance of 10 km. This even as the Congress is hosting a mega «Janandolana» convention at Maharaja's College Grounds in Mysuru today in support of Siddaramaiah and to counter the opposition's allegations and their foot march. BJP-JD(S) are scheduled to conclude their protest march on Saturday by holding a mega rally on reaching Mysuru.

NEET PG Hearing 2024 Live Updates: The Supreme Court will hear on Friday a plea seeking postponement of the NEET-PG examination, scheduled for August 11, which claimed that candidates have been allocated cities that are highly inconvenient to reach. A bench comprising Chief Justice of India (CJI) D Y Chandrachud and Justices J B Pardiwala and Manoj Misra on Thursday took note of lawyer Anas Tanwir's submissions on the issue.The plea said many candidates have been allocated cities which are highly inconvenient for them to reach.

Rapido, which started as a bike-taxi platform, has crossed gross merchandise value (GMV) of $1 billion, according to people aware of the matter, driven by its expansion into segments such as cabs and auto-rickshaws and an aggressive expansion into more than a 100 cities. This also marks the emergence of a significant third player in the ride-hailing business–after Uber and Ola–which has remained largely stagnant after the pandemic. Rapido has recorded more than three times growth since FY23, when it was clocking a GMV of about $300 million. It is also present in the parcel pick-up-and-drop segment.

₹150 crore this year to overhaul 25 outlets, enhancing customer experience and transforming showrooms into luxury lounges for clients to make car purchases leisurely. This is no surprise. The German luxury carmaker derives a significant chunk of its revenue and a quarter of its sales volumes from its most expensive cars, all with a price tag in upwards of ₹1 crore.

Paris is getting a colorful splash of Olympic creative spirit with nearly 30 vibrant street art pieces, popping up at bustling metro stations and airports and in front of city hall

Police have launched a manhunt in Barcelona for ex-Catalonia leader Carles Puigdemont

Yulu Bikes is looking to raise upwards of $100 million in a Series C round to expand operations over the next couple of years. Yulu, which has a strategic partnership to develop electric vehicles with Bajaj Auto, is looking at more than doubling the fleet of electric two-wheelers it deploys for passenger as well as cargo movement to 80,000 by the end of this fiscal year. The money will also be used to launch new products, extend reach and develop technology, Amit Gupta, cofounder and CEO of Bengaluru-headquartered Yulu Bikes, told ET. Yulu has raised over $123 million in equity capital — which includes $52 million for Yuma (a joint venture between Yulu Bikes and Magna International) — from investors including Bajaj Auto, Magna International, Blume Ventures, 3one4 capital, Wavemaker, Incubate Fund, Rocketship.vc, and other institutional and angel investors. Yulu has also secured $12 million in debt financing from the US International Development Finance Corporation and Northern Arc. Bajaj Auto had an 18.8% stake in Yulu Bikes as of February 2024.

R Ashoka (BJP) on Thursday accused the ruling Congress of trying to intimidate anti-corruption activist TJ Abraham for approaching the Governor seeking permission for prosecution of Chief Minister Siddaramaiah in the site allotment case. It is a «classic case of witch-hunt against the whistle-blower,» Ashoka, who is part of the BJP leaders undertaking a padayatra against the Congress regime, posted on X. The BJP leader sought to know from AICC leader Rahul Gandhi if the «the Constitution you keep flashing everywhere allow such high handedness against those who raise their voices against the wrongdoings of the Govt? The self-proclaimed Champions of free speech and those who speak about intolerance are now using police to muzzle the voice of private citizens.» What the Congress government is doing in Karnataka is a classic example of misuse of agencies to undermine democracy and the Constitution, he said.