Citi Financial News

Paris Olympics 2024 just beginning in a matter of hours now, there are reports of different organizations and activist groups, who are trying to convince Los Angeles to pull out of hosting the 2028 Olympic Games in the city. According to The Telegraph's report, there are various issues, related to the environment, city traffic, population, security and much more that is compromised when a city hosts the Olympic Games, which is all the more reason why people are asking LA to pull out of being the hosts.

₹1 crore five years ago and valued at ₹1.47 crore today would incur a tax of ₹7.01 lakh without indexation, compared to ₹5.1 lakh with indexation. This represents a 37.54% increase in tax outflow despite the lower tax rate, explained Feroze Azeez, deputy chief executive of Anand Rathi Wealth Ltd.

Pune, which had issued a seven per cent locomotor disability certificate to IAS probationer Puja Khedkar, has found in its internal probe that the document was as per the rules and there was no wrongdoing in its issuance, a senior official said on Wednesday.

Mint explores the details of VCCs and how they are likely to be attractive to overseas investors. Unlike typical funds where investors share risks and rewards uniformly, a VCC allows for sub-pools with different investment objectives, investors, and asset classes, all governed by the same board and managed by a single fund manager, custodian, auditor etc. Under the current Securities and Exchange Board of India (Sebi) and International Financial Services Centres Authority (IFSCA) regulations, an AIF may be set up as a trust, an LLP or a company.

Karnataka Deputy Chief Minister D K Shivakumar on Wednesday defended the Congress government's decision to boycott the July 27 meeting of the NITI Aayog, saying the State has got a raw deal in the Union Budget and its interests have not been protected. Chief Minister Siddaramaiah said on Tuesday the decision was taken as a mark of protest against the "neglect" of the state's demands in the Union Budget.

Niti Aayog meeting scheduled for July 27 in Delhi to protest what Chief Minister Siddaramaiah called “raw deal” to the state in the budget Finance Minister Nirmala Sitharaman presented on Wednesday.

Mahindra Lifespace Developers Ltd on Wednesday reported a consolidated net profit of Rs 12.74 crore for the June quarter. The company posted a net loss of Rs 4.27 crore in the year-ago period. Its total income increased to Rs 206.70 crore during the April-June period of this fiscal year from Rs 110.05 crore in the corresponding period of the preceding financial year, according to a regulatory filing.

Budget a collection of «jumlas», senior Congress leader Selja cautioned NDA members Nitish Kumar and N Chandrababu Naidu that they may celebrate today for getting a large share but it doesn't take long for time to change. Selja initiated the discussion on the Budget and questioned how target groups were identified without a caste census.

PARIS—France is transforming its capital city into an open-air fortress, rolling out the largest peacetime security operation in the country’s history to protect athletes, residents and more than 10 million visitors during the Olympic Games. Officials say as many as 45,000 police, 10,000 soldiers and 22,000 private security guards will keep watch at the Paris Olympics, which begins Wednesday and spans the heart of the city—on streets, at landmarks and in the waters of the Seine River. Place de la Concorde, the city’s largest public square, is set up for BMX bike races, skateboarding and breakdancing, a French addition to the Games.

Golden fields of wheat no longer produce the bounty they once did in Morocco

Darren Walker, the outgoing president of the Ford Foundation, has had a far-reaching and profound impact on the philanthropic sector

Mexican officials say an explosion and fire erupted inside a tequila factory, killing at least five workers and injuring two others at the site in the liquor’s namesake town in Jalisco state

Ajit Ranade: An overdue pivot to human capital and employment There was also a reference in the budget speech to the need to simplify rules for FDI and ODI, and to promote the Indian rupee as a currency for overseas investment. While the FDI and ODI policy has been liberalised over the years, including through notification and regulations announced in August 2022, some aspects remain grey, such as whether portfolio investments are indeed permitted or not under ODI. Also, some substantive aspects (and indeed, procedural aspects) are difficult to deal with at the ground level, and one hopes that these will be addressed expeditiously.

Delhi-NCR experienced a heavy spell of rain, bringing much-needed relief from the persistent humid weather. The India Meteorological Department (IMD) issued a yellow alert for the national capital and surrounding areas, indicating the possibility of more showers throughout the day. A yellow alert signifies heavy rainfall between 6 cm and 11 cm.

₹1 crore. But exemptions must go. A new comprehensive economic framework for next-gen reforms is on its way, Sitharaman said.

nuclear war and a Hiroshima-Nagasaki crisis.

reforms to improve the domestic shipping industry and generate more jobs in the sector.

Amaravati as the state capital, financing and early completion of Polavaram dam as well as grants for backward districts of the state.

temperature of 36.2 degrees Celsius, 1.3 notches above normal, according to the weather department The relative humidity at 5.30 pm stood at 68 per cent. The city will be on «yellow» alert for the next two days, the IMD said. The weather office has forecast moderate rainfall for Wednesday, with the maximum and minimum temperatures likely to hover around 34 and 26 degrees Celsius, respectively. The Air Quality Index (AQI) of the national capital was recorded in the «satisfactory » category with a reading of 93 at 6 pm, according to the Central Pollution Control Board.

Air India Express continued its network expansion, connecting Bengaluru to Abu Dhabi with its first direct international service from India's IT capital on Tuesday, officials said. With over 200 weekly flights, Bengaluru is the largest station for Air India Express, they said. In a statement, the airline said, «With the launch of the Bengaluru-Abu Dhabi flight, guests from cities such as Ayodhya, Bagdogra, Bhubaneswar, Chennai, Goa, Guwahati, Gwalior, Hyderabad, Indore, Jaipur, Kolkata, Lucknow, Pune, Ranchi, Varanasi, and Visakhapatnam now have the option to connect conveniently to Abu Dhabi through one-stop itineraries via Bengaluru.» Air India Express operates direct flights connecting Abu Dhabi to Bengaluru, Kannur, Kochi, Kozhikode, Mangaluru, Mumbai, Thiruvananthapuram, and Tiruchirappalli and connects 17 Indian cities to Abu Dhabi via convenient one-stop itineraries, it added.