Citi Financial News

Joe Biden has pulled out of the upcoming presidential election in November. The Democrats will hold their national convention to pick their presidential nominee in August. Vice-President Kamala Harris is a favorite to replace Biden and is expected to receive the nomination. There might be some opposition to his nomination.

₹50 crore to ₹100 crore are stuck, according to the All India Consumer Products Distributors Federation (AICPDF). The inventory pile-up comes as Honasa, which started out as an online personal care company, builds a greater presence offline. Honasa gets a third of its business from offline channels.

Discover the best astrologers in Bangalore, renowned for their expertise in Vedic astrology, horoscope reading, and predictive analysis. Get insights into their services, credentials, they are experts in Vedic astrology.

Telugu movies, irrespective of their genre, are known for giving viewers a spectacular cinematic experience.

Verna, Creta and Tata's Nexon, Punch.Hyundai Verna On-Road Price RangeThe Hyundai Verna has garnered popularity as a sporty mid-size sedan taking on heavyweights like the Honda City and Maruti Ciaz. Its introductory pricing combined with regular updates spanning styling and features make it an excellent value luxury sedan.● Hyundai Verna Base Variant Price - ₹12.68 lakh● Hyundai Verna Top Variant Price - ₹20.02 lakhWith the choice between efficient 1.5L petrol and spirited 1.5L Turbo petrol engines, you have both efficiency and performance covered.

Hong Kong's CSOP Asset Management said it will launch the CSOP Bitcoin Futures Daily (-1x) Inverse Product on the city's stock exchange on Tuesday morning.

urbanization, the housing industry is poised for significant transformation as half of India's population is projected to live in urban areas, up from 31% in 2011, said the Economic Survey for 2023-24.

JSW Steel fell by 2.5% to its day’s low of Rs 866 in Monday's early trade on BSE after the company reported a 64% decline in its consolidated net profit at Rs 845 crore in the first quarter. The profit missed the Street estimates of around Rs 1,254 crore. Revenue from operations in the June quarter, however, increased 2% year-on-year (YoY) to Rs 42,943 crore.

IT sector and a significant presence of high-net-worth individuals (HNIs) have made Hyderabad a prime target for cybercriminals. In 2023, Telangana reported the highest share of malware attacks in India, accounting for 15% of the country's total, according to the latest India Cyber Threat Report.

Delhi traffic police have issued an advisory in preparation for the Kanwar Yatra, scheduled from July 22 to August 2, anticipating a significant influx of devotees in the national capital. According to the advisory, heavy traffic congestion is expected in various parts of Delhi, particularly in the eastern and western regions, as well as for commuters coming from Noida and Gurgaon. The Kanwariyas, who will pass through Delhi on their way to destinations in Haryana and Rajasthan, are expected to number between 1.5 to 2 million this year. To manage this large movement, traffic police have arranged for separate routes to minimise inconvenience for both local residents and devotees.

HCL Technologies, Data Patterns and Shriram Finance among a host of other companies are likely to remain in focus on Monday as they declared July 23 as the record date for the purpose of determining the eligible shareholders for the dividend payment. This means that today is the last day to buy the shares of these companies in order to be able to qualify for the dividends announced.

What happened in last hearing?In the July 18 hearing, the top court also flagged the NTA's “hypothesis" that the paper was “leaked", solved and memorised by students withing justy 45 minutes. The lawyer appearing for one of the petitioner alleged that there was increase in the syllabus for the exam and the changes were notified just few months before.

MoEFCC) plans to promote urban biodiversity to mitigate pollution, provide cleaner air, reduce noise, and harvest water, the official added. Further, pointing out that biodiversity will help issues such as spiralling mosquito population and monkeys moving into cities due to lack of green spaces, the official also noted that water conservation and crop production are other concern areas that can be addressed with urban forests. “If you look especially at South Delhi, the water table is depleting faster and many plants are needed to restore greenery," the person said.

workspace provider Incuspaze has raised $8 million (₹67 crore) led by the India Inflection Opportunity Fund (IIOF) and other financial institutions in its maiden funding round. The IIOF specialises in late-stage venture capital investments, focusing on companies poised for pre-IPO stages with clear strategies for stock market listing. Incuspaze has a portfolio of 3 million square feet in 18 cities across 44 locations. «This investment will significantly bolster our capabilities to provide top-tier workspace solutions tailored to enterprises, MSMEs, and startups. With our clear profitability matrix and enterprise-focused approach, we aim to become a dominant player in Indi's flexible workspace market,» said Sanjay Choudhary, founder & CEO, Incuspaze. It recently leased 220,000 square feet of space in Gurugram's M3M Urbana project on Golf Course Extension Road.

Paris Olympics boldly declared that France’s capital would be “the safest place in the world” when the Games open this Friday. Tony Estanguet’s confident forecast looks less far-fetched now with squadrons of police patrolling Paris’ streets, fighter jets and soldiers primed to scramble, and imposing metal-fence security barriers erected like an iron curtain on both sides of the River Seine that will star in the opening show. France’s vast police and military operation is in large part because the July 26-Aug. 11 Games face unprecedented security challenges. The city has repeatedly suffered deadly extremist attacks and international tensions are high because of the wars in Ukraine and Gaza.

Airbus has shortlisted eight sites in India to open its second assembly line in the country in partnership with Tata Advanced Systems (TASL), weeks ahead of the inauguration of the first, which is for the C295 transport plane. The second plant will make the H125 and will be the fourth for the single-engine helicopter after factories in France, Brazil and the US. It will produce around 10 helicopters a year with the first of these debuting in early 2026. Airbus expects the Indian subcontinent excluding Pakistan to be a market for about 500 such helicopters over the next 20 years. The H125 starts at a list price of '30 crore. «The FAL (final assembly line) in India will not only make us competitive in terms of lead time, delivery time, it will also help us address the growth of the Indian market and possibly the demand from neighbouring nations,» Olivier Michalon, executive vice president, global business, Airbus Helicopters, told reporters in the French city, location of the helicopter's first assembly line. He expects the model to be as successful in India as the Airbus A320 is with the country's airlines. «H125 is our A320,» he said.

Tulsa King, led by Golden Globe winner Sylvester Stallone, is gearing up for its highly anticipated second season. Fans of the show can look forward to a thrilling continuation of the saga, with Season 2 set to debut in September. Here’s everything you need to know about catching the new season and streaming the series.

Ukrainian shelling of Russia-held areas of the Donetsk region killed two people in the village of Horlivka, Russian state news agency RIA Novosti said. Three people were wounded by Russian drone strikes in southern Ukraine's partly occupied Kherson region, local officials said Sunday morning. In the country's northeast, officials in the Kharkiv region said two people were wounded when a village was hit by Russian shells.

Taylor Swift Eras Tour tickets prices have always hogged the limelight. With the Eras Tour shows set to resume in August, here is the last chance to grab tickets in cheap price. Swift will perform across multiple cities in Europe. She will conclude the European leg with five concerts in London. One of Swift's shows will be at Ernst-Happel-Stadion in Vienna on August 10. Fans can grab two tickets by spending just £10 (USD 12.92). Wowcher is offering the lucrative deal for Swift fans to witness the Vienna concert. One needs to visit Wowcher UK website for cheap tickets, as per a report in Mirror. Swift fans can also purchase Eras Tour Tickets from traditional websites. However, some ticket prices are ranging between £400 and £600, Mirror reported.

Ajit Pawar on Sunday said the Mahayuti constituents, including the NCP led by him, are free to contest local bodies elections independently. Addressing Nationalist Congress Party workers in Pimpri Chinchwad city, he argued that independent contests would help strengthen the cadres. «Even though we are allies in Lok Sabha and state assembly, Mahayuti members are free to contest local bodies polls independently,» he said. The schedule for elections to local bodies, which include municipal councils, nagar panchayats and zilla parishads, is not yet finalised.

Education Minister Atishi has sanctioned the release of Rs 100 crore for the financial year's second quarter to fund 12 Delhi University colleges. This amount represents the second instalment of the Delhi government's financial commitment to the colleges. According to a statement issued on Sunday, the Delhi government has allocated a budget of Rs 400 crore for 12 colleges for the fiscal year 2024-25. Atishi gave her nod to release the second instalment for the 12 colleges funded by the Delhi government.