Citi Financial News

₹58,900 crore. This is made up of ₹26,000 crore for the construction of highways and a 2-lane bridge on the river Ganga at Buxar, ₹21,400 crore for power projects, including a new 2400 MW power plant at Pirpainti in Bhagalpur district, and another ₹11,500 crore in special financial assistance for flood management, Similarly, for Andhra Pradesh, finance minister Nirmala Sitharaman announced special financial support of ₹15,000 crore for a new capital city, fulfilling commitments made in the Andhra Pradesh Reorganization Act.

₹16.13 trillion (4.9 % of GDP), is lower than the 5.1 % of GDP targeted in the interim budget. The latest GDP estimate for 2024-25 of ₹326.37 trillion is close to that used in the interim budget. Even so, the absolute reduction in the FD budgeted, by ₹72,000 crore, is more informative than in terms of percentages of GDP.

Bengaluru, despite the city and surrounding constituencies electing five BJP MPs and Finance Minister Nirmala Sitharaman representing Karnataka in the Rajya Sabha, Aarin Capital chairman TV Mohandas Pai said on Tuesday.

Pradhan Mantri Awas Yojana (Urban) 2.0 and set aside Rs 4,000 crore for Credit Linked Subsidy Scheme (CLSS). In the 2024-25 Union Budget, PMAY-U has been allocated Rs 30,170 crore, an increase of 20.19 per cent from the 2023-2024 budgetary allocation.

$7 trillion economy by 2030. Will this year’s budget emphasize social spending while reviving the rural economy and facilitating job creation?As we approach Budget 2024, anticipation is high regarding what will be the government's focus and what could be potential beneficiary sectors.

In a boost to the London Stock Exchange, which has suffered a number of setbacks in recent years, Canal+ could gain a listing on the exchange as part of Vivendi's exploration of whether to split its business in three, the group said in a statement on Monday (22 July). The group said the choice to list in London highlights Canal+'s growing international operations, as it undertakes a $2.9bn (£2.2bn) acquisition of Multichoice, Africa's largest pay-TV operator. FCA introduces overhaul of UK listings regime to bolster stock markets With close to two-thirds of its subscribers outside o...

Voters in Washington state will decide this fall whether to keep one of the country's more aggressive laws aimed at stemming carbon pollution

Federal officials are investigating an incident in which a Southwest Airlines jet flew as low as 150 feet over water while it was still about 5 miles from its intended landing spot in Tampa, Florida

The Environmental Protection Agency is awarding $4.3 billion in grants to fund projects in 30 states to reduce climate pollution

Calgary Flames hockey team.Alberta Premier Danielle Smith and Calgary Mayor Jyoti Gondek joined others Monday picking up a chrome shovel to symbolically turn the sod to launch the multi-year process to replace one of the NHL’s oldest arenas.The new building — to be named Scotia Place — is being built in the shadow of the Saddledome and its iconic saddle-shaped concave roof.“Today is a big day for Calgary. After a decade of talking, Calgary is breaking ground on a new events centre…a project that promises to become a cornerstone of our sports and entertainment district,” said city councillor Sonya Sharp, the chair of the committee overseeing the project.“This is a place where dreams will be realized, where champions will be made and our community will come together to celebrate, to be entertained and to enjoy.”The arena is part of a new $1.2-billion event centre and entertainment district near the city’s downtown.The project plan includes plazas and gathering places, bars, restaurants and retail shops, with the main event centre hosting the NHL team along with other sports, concerts and events.The facility, with a seating capacity of 18,400, is expected to be completed in 2027.

Joe Biden picked Kamala Harris as his running mate, much of India was abuzz over how the first Indian-American in the White House might affect the future of US-India relations.

Bajaj Finance, while Citi has a buy call on GAIL and Exide. Jefferies has a buy view on JK Cement and Supreme Industries, and Kotak Securities has a buy call on Federal Bank. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

Oil prices slipped for a third trading session on Tuesday as investors focused on the prospect of swelling oil supplies and weak demand, while showing little reaction to U.S. presidential campaign upheaval. Brent crude futures for September fell 9 cents to $82.31 a barrel by 0005 GMT. U.S. West Texas Intermediate crude for September declined 10 cents to $78.30 per barrel.

Budget 2024 today, July 23. As the third term of the Modi government begins with a less decisive electoral mandate, there is growing speculation that reducing income tax could be a strategic move for the ruling party in navigating the current political and economic landscape. Acknowledging the significant role played by salaried individuals in contributing to direct tax collections, the government is under pressure to address their concerns as the Budget announcement approaches.

Mumbai continues to experience heavy rainfall, resulting in significant waterlogging and traffic snarls across the city. The India Meteorological Department (IMD) has issued a red alert for parts of central Maharashtra, predicting heavy rain until July 24.

The number of heat-related deaths in Texas is rising among residents who lost power during Hurricane Beryl

Venice city officials say the day-tripper tax netted 2.4 million euros during a test phase this summer, and that decisions on how to proceed would be made in the fall after a full analysis of the data

Donald Trump made a pitch for votes from autoworkers in key swing states during his acceptance speech for the Republican presidential nomination

The Republican National Convention didn't deliver an overwhelming victory to some small businesses in downtown Milwaukee

Deep-blue Milwaukee’s downtown turned red as thousands of Republican National Convention delegates and other party stalwarts gathered to formally rally behind Donald Trump as their candidate for president in the pivotal swing state

Kathleen Martin, a former interim data transformation chief, has filed a lawsuit against Citi, claiming she was poached under false pretenses and subsequently unfairly dismissed. Martin, who served as JPMorgan’s global technology chief of staff, said she was enticed to join Citi in late 2021 with promises of a “long-term leadership position.” She alleged the reality fell short of these promises, leading to her termination in September 2023.