Citi Financial News

Paradigm Realty has entered into agreements to redevelop 11 housing societies spread across land parcels of more than five acres in Mumbai’s western suburb of Bandra and Kandivali. The project has gross consolidated revenue potential of around Rs 4,500 crore. These projects in Bandra’s Pali Hill and Carter Road areas, and Kandivali’s Mahavir Nagar, are estimated to have development potential of over 2.8 million sq ft. The projects in Pali Hill and Carter Road are spread over around half an acre each with development potential of 1.5 lakh sq ft and 1.6 lakh sq ft and estimated revenue of Rs 500 crore, respectively. The Mahavir Nagar project has a development potential of over 2.5 million sq ft of which the free-sale RERA carpet area of up to 1 million sq ft holds a gross development value of nearly Rs 3,500 crore.

ruled the 45-year-old’s employment made her a “member” of IRFAN-Canada, which it said had engaged in terrorism.She has appealed the Jan. 12 decision to the Federal Court.Canadian authorities stripped IRFAN-Canada of its charity status in 2011 after federal auditors found it had sent $14.6 million to groups “associated with Hamas.”The Canada Revenue Agency also said videos found at the group’s office near Toronto glorified “martyrdom” and portrayed the Palestinian conflict as a religious war.In 2014, the government placed IRFAN-Canada on its list of terrorist entities for using its “status as a charitable organization to fund Hamas.”Before arriving in Toronto from Venezuela in 2016 and claiming refugee status, Sarassra worked part-time for IRFAN-Canada in the West Bank city of Bethlehem.Her role was to distribute money to children whose fathers had died.

General Motors has named a veteran technology executive with roots in the video game industry to steer its troubled robotaxi service Cruise

An Iranian-backed umbrella group known as the Islamic Resistance in Iraq has claimed an attack targeting the southern Israeli port city of Eilat

The city of Detroit is taking steps to ban gas stations from locking people inside the store

Authorities say a suspected attack by Yemen’s Houthi rebels has targeted a ship in the Gulf of Aden

In a recent survey, Royal LePage found that 29 per cent of renters had contemplated buying a property before renewing or signing a lease. And thirty-three per cent of these would-be buyers said they were waiting for interest rates to decline. Now that theBank of Canada (BoC) has lowered its key rate to 4.75 per cent, it seems a good time to revisit the age-old question of whether it’s better to rent or to buy. The Financial Post’s Shantaé Campbell weighs the options in this evolving economic terrain.

₹80,000 crore business (commercial vehicles) is very large. And it is growing and generating tonnes of cash," said Balaji.“So, you need management bandwidth and the board’s time for this.

Apple and Foxconn acknowledged lapses in hiring practices in 2022 and said they had worked to address the issues. However, all the discriminatory practices documented by Reuters at the Sriperumbudur plant near Chennai took place in 2023 and 2024.

Justin Timberlake and Jessica Biel heading toward a divorce? This question looms large as the actor has been spotted without her wedding ring in New York City after the singer's arrest for drunk driving last week. Timberlake was arrested when he was driving under the influence of alcohol, he ran a stop sign and was caught «swerving». While Biel is busy shooting for 'The Better Sister', she was seen on set sporting no ring as she beamed for pictures.

DES PERES, Mo.—Susan Plank had been using an unremarkable highway exit next to a busy mall in this St. Louis suburb for about 4-1/2 years when her daughter finally spotted what avid fans say makes it special: a jar of pickles sitting atop a concrete barrier. Why in the world are there pickles in the median of the highway and who put them there? they wondered.

Lionel Messi played for Argentina against Chile in a crucial Copa America 2024 clash at the MetLife stadium but was not able to score even though he got a couple of tricky opportunities but could not see them through. Ultimately, Argentina went past Chile through sheer grit, with a 1-0 score line. This marked the second straight match Lionel Messi went goalless, much to the gloom of the fans who are travelling across stadiums and cities to watch the Argentine legend at his best.

Malian city of Timbuktu. Al Hassan Ag Abdoul Aziz Ag Mohamed Ag Mahmoud, 46, was found guilty of war crimes and crimes against humanity, including torture and outrages upon personal dignity.

Former investment banker Carol Roth and Americans for Tax Reform President Grover Norquist grade President Biden's handling of the economy on «The Evening Edit.»

₹830, implying an upside of almost 24 percent.The positive outlook is driven by India's recovering real estate sector and robust infrastructure developments, which are boosting demand for plastic pipes. Nuvama's recent note highlights that channel checks indicate continued strong demand in both the infrastructure projects and plumbing sectors.

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MVN Aero One has leased the largest co-working space to date to Spring House, spanning 3 lakh sq ft, at its upcoming MVN Aero One Mall located at Sector-37 D, Dwarka Expressway, Gurugram. This partnership ushers in a transformative era of work and lifestyle integration, setting a new benchmark in the commercial real estate sector in India, the company said on Tuesday.

The Noida Expressway, a key artery connecting Noida and Greater Noida, has emerged as a preferred destination for commercial real estate growth. This corridor is witnessing substantial demand for high-street retail and office spaces, spurring significant stride in the area’s real estate development. Investors and buyers view it as a comprehensive hub for entertainment, recreation, and workspace.

Krisumi Corporation is set to invest Rs 2000 crore in Phase 3 & Phase 4 of Krisumi City, comprising 1051 luxury units in Sector 36A, Gurugram, Haryana. This significant investment is in addition to the land cost.

This initiative aims to help Delhi regain share of domestic liquor sales following the closure of the private-operated premium liquor stores due to the rescission of Delhi Excise Policy 2021-22 in September 2022, the report (by Atul Mathur) said. The arrival and departure areas of T3 currently have duty-free shops where international travelers can purchase liquor. However, domestic terminals will soon join the fray with their own shops following this new development. At its peak, the Delhi airport's domestic terminals housed six premium liquor stores, run by private entities, under the Delhi Excise Policy 2021-22. After the policy was withdrawn amid investigations by the CBI and ED for alleged irregularities, the Delhi government decided to return to the old excise regime, pushing the retail liquor business to four government corporations.

«I think after a very-very long time I have discovered that the developers have been extremely mindful of bringing in more cash flows and deleveraging their position rather than continuously increasing the prices and somewhere hurt the sort of sales of their residential,» says Anuj Puri, Chairman, ANAROCK Group. Let us just get in a sense as to what you are seeing when it comes to the trend for housing prices in the Indian cities. Clearly, it seems that it has been on a rise, but at a time when we are looking at inflation moderating, how are you looking at the correlation between these two factors and what is the outlook when it comes to residential in particular? Anuj Puri: The residential market continues to surprise us. It is at a 15-year high and it does continue to remain very strong. The good thing is that we are not seeing abnormal price rise within the residential real estate market. And I think after a very-very long time I have discovered that the developers have been extremely mindful of bringing in more cash flows and deleveraging their position rather than continuously increasing the prices and somewhere hurt the sort of sales of their residential.