Citi Financial News

Karnataka Infrastructure Minister MB Patil recently announced plans to convene a meeting soon to determine the location of Bengaluru’s proposed second airport. The decision will primarily consider two key factors: passenger load and connectivity to the existing Kempegowda International Airport (KIA). The exclusivity clause with Bangalore International Airport Limited (BIAL), which restricts the establishment of another airport within a 150-kilometer radius, ends in 2032. This clause will allow the potential development of a new airport by 2033. Considering the time required for land acquisition and compensation for landowners, the government has initiated the planning process early. Patil also addressed the Tamil Nadu government's decision to build an airport in Hosur, stating that it needs to be examined whether the exclusivity clause with BIAL applies to it.

Krishna Institute of Medical Sciences surged 4.4% on NSE after the company announced that it has entered into a definitive agreement for acquiring a 100% stake in Chalasani Hospitals. “Pursuant to the approval of the Board, we are pleased to inform that the Company has entered into a definitive agreement for acquisition of a 200-bed multi-specialty hospital at a prime location in Vizag,” informed the company via a filing to the stock exchanges.

Roku to celebrate SpongeBob SquarePants' upcoming 25th anniversary. The campaign includes unique features on Roku's platform, aimed at boosting viewer engagement and awareness.

Zomato has suspended its hyperlocal goods delivery service ‘Xtreme’ on account of poor demand, according to people aware of the matter. The food delivery platform had launched the service in October last year. Separately, the company has also relaunched its intercity food delivery offering ‘Legends’ in a third avatar.

Andhra Pradesh Chief Minister N Chandrababu Naidu on Sunday said the Telugu Desam Party will soon regain its past glory in Telangana also. Addressing TDP workers here, Naidu said the party was born in Telangana (four decades ago) and soon it will be restructured. TDP did not contest the Assembly polls in November 2023 and the Lok Sabha polls this year in Telangana for a variety of reasons. The party is currently headless after Kasani Gnaneshwar resigned as the state president before the Assembly polls last year. «TDP which was born for Telugu people should be in Telangana. I am asking you whether the party which was born on the land of Telangana should function or not (in the state)? There were several people who worked for the party. We will restructure the party very soon (in Telangana),» Naidu said amid cheers by the party cadre.

Sonowal rushed to take stock of the flood situation plaguing the greater Dibrugarh region and review the relief operations undertaken by the government for the benefit of the flood affected people. Sonowal visited the flash flood affected areas of Dibrugarh city including Graham Bazaar, AT Road, HS Road, RKB Path, Mancotta Road, Thana Chariali, Jhalukpara. Sonowal also visited and reviewed the embankment sites at Tengakhat and Hatibandha. Dibrugarh is one of the worst affected districts. Sonowal also visited the relief camp of flood affected people at Tengakhat. Sonowal assessed the condition of flood-affected individuals, spoke with them to evaluate the material damage. Sonowal instructed the District Commissioner to maintain cleanliness in the shelter camps and implement measures to prevent disease outbreaks. Sonowal also directed that medical treatment be provided at the camps and emphasized giving special attention to the elderly, women, and children.

4th of July. But, just before people go for the red, white and blue holiday, WalletHub has come out with a list of the best US cities for celebrating the occasion. It has compared as many as 100 cities across five categories. These are, Fourth of July celebrations; affordability; attractions and activities; safety and accessibility; and 4th of July weather forecasts. Some sub-categories like the legality of fireworks, average beer and wine prices, traffic congestion, and recreation friendliness were also included.

Tulip Siddiq, reportedly set to become the UK’s City Minister, is expected to support tokenization and digital asset initiatives.

Advisors praised the feel-good factor of being surrounded by the industry’s best in class after InvestmentNews hosted its inaugural awards night on June 20 at 583 Park Avenue in New York City.

House Rent Allowance (HRA) is a portion of your salary that is not fully taxable, unlike your basic salary. Subject to specific conditions, a portion of the HRA is exempted from taxation under Section 10 (13A) of the Income-tax Act, 1961. The amount of HRA tax exemption is deducted from the total salary before calculating the taxable income. This helps employees save on taxes. However, it's important to note that HRA received from the employer is fully taxable if the employee lives in their own house or does not pay any rent. Also read: HRA tax exemption: HRA fraud with illegal usage of PANs detected by tax dept; how to avail House Rent Allowance, proofs

BCCI cannot prioritise one city over another when it comes to organising important finals, said board's vice-president on Friday in response to Shiv Sena leader Aaditya Thackeray's demand. Following a massive turnout during Indian cricket team's T20 World Cup victory parade on Marine Drive to the Wankhede Stadium, Thackeray had urged BCCI to not «take away» any final match from Mumbai. «Yesterday's celebration in Mumbai is also a strong message to the BCCI… Never take away a World Cup final from Mumbai!,» Thackeray had written on X. «It is BCCI's policy that where the final should take place. It cannot always be given to a particular city,» Shukla told PTI on Friday.

Former Kansas City Federal Reserve Bank President Thomas Hoenig reacts to Jerome Powell saying the Fed is not ready to start cutting rates on 'Cavuto: Coast to Coast.'

Power sector financier REC Limited has raised 31.96 billion Japanese yen through a 5-year green loan, with the transaction being conducted from Deutsche Bank’s Gift City branch. The loan, which is equivalent to $200 million, will be used to finance eligible green projects in India, REC said in a statement. “This successful transaction is in line with REC’s commitment to enhance its green energy financing and sustainable projects capabilities as well as the global community’s support for sustainable development projects in India,” said Vivek Kumar Dewangan, CMD, REC.

By Murtaza Haider and Stephen Moranis

Foxconn group's Bharat FIH is weathering a rough spell, having lost three independent directors in the last three months, people aware of developments told ET. The company is also likely to shutter its manufacturing facility in Sri City, Andhra Pradesh, due to a massive drop in orders from key client Xiaomi, they said. Industry watchers feel Bharat FIH was too dependent on the Chinese smartphone maker and did not keep up with the competition. Among those who have exited the Bharat FIH board are InterGlobe Aviation chairman Venkataramani Sumantran, Sify Technologies cofounder Ramaraj R, and former IT and telecom secretary Aruna Sundararajan.

central government pensioners. Which pensioners can be eligible to get CGHS cards? What will be the rate of lifetime CGHS cards for central government pensioners? All your questions are answered.

dark stores of leading quick commerce platforms, especially for packaged foods, after several hygiene lapses came to light in recent weeks, said people familiar with the matter. Not just these warehouses, but direct-to-consumer food brands too have received ‘surprise visits’ from Food Safety and Standards Authority of India (FSSAI) officials, the people told ET on condition of anonymity. Quick commerce companies are exercising more caution — in hygiene as well as in adding small-scale new-age brands to their platforms, they said.

answer key has been released by NTA The CUET (UG) — 2024 Examination, conducted by the National Testing Agency (NTA), took place in a Hybrid mode encompassing Computer Based Test (CBT) and pen and paper modes. Spanning from 15th to 29th May 2024, the exam was administered across 379 cities, including 26 international centers, attracting approximately 13.48 lakh candidates. To facilitate ease of access, scanned images of the OMR Answer Sheets will be emailed to candidates' registered email addresses provided during the Online Application Form submission.

qingzhen. The term is Chinese for “pure and true" and can mean both halal and Islamic (mosques are known as qingzhen temples). Ningxia officials built a halal industrial park with room for hundreds of companies in Wuzhong, a majority-Muslim city of 1.4m people.

The NBA has agreed to terms on its new media deal, an 11-year agreement worth $76 billion that assures player salaries will continue rising for the foreseeable future and one that will surely change how some viewers access the game for years to come

A Kansas business executive has pleaded guilty to illegally exporting sensitive American aviation to Russian companies in violation of U.S. sanctions