Citi Financial News

Union Budget as it can act as a pool of employment generation. «India's workforce is predominantly engaged in agriculture and the informal sector. Agriculture growth depends on rural infrastructure, private sector involvement, and waste reduction. Accelerating reforms in agriculture and food processing, coupled with increased public investments in agricultural infrastructure, can spur employment,» PHD Chamber Of Commerce And Industry said in its pre-Budget recommendations. «Increase public investments in agri-infrastructure such as cold chain infrastructure to store and transport agriculture products to strengthen agriculture supply chains,» PHDCCI added.

A year after the Securities and Exchange Board of India (Sebi) was established, private sector entities began entering the mutual fund industry. Five years later, in 1993, Kothari Pioneer, now Franklin Templeton, launched the first systematic investment plan (SIP). Today, SIPs are about to become one of the most preferred investment avenues for Indian investors.

The Astra Collection’s new diamond and gold jewellery is a tribute to the vibrant traditions of Kutch. The intricate designs inspired by Lippan art motifs such as the peacock, the Tree of Life, and mesmerizing geometric patterns reflect deep cultural meanings and ancient traditions.

Zoomcar Holdings on Thursday said it has partnered with Air India Express to allow customers to book self-drive cars directly from the airport on the airline's mobile app as well as the website in 19 cities. The collaboration also caters to the customer with varying requirements, leveraging the extensive fleet options and ensuring ample space for baggage carried through Air India Express's add-on packs such as carry-on-Xtra, international connecting baggage, and special equipment, Zoomcar said in a statement. This collaboration will offer the customer access to self-driven car rentals in Bengaluru, Bhubaneswar, Chennai, Delhi, Goa, Guwahati, Hyderabad, Indore, Jaipur, Kolkata, Kochi, Lucknow, Mangaluru, Madurai, Mumbai, Pune, Tiruchirappalli, Vijayawada and Visakhapatnam, it said. «We're focused on providing improved and personalised travel experiences for our guests at Zoomcar, and our partnership with Air India Express is another stepping stone towards this goal.

India has emerged as the most attractive consumer market across the globe with trends in consumption in smaller markets likely to merge with large cities, said a report by venture platform and accelerator Fibonacci X, adding that India is poised to grow in the range of 6-10% over the next few years, barring any black swan event. This will help attract higher investments across sectors. The services sector is likely to continue to drive strong economic growth in the country. “Going by economic growth trends, India is poised to be a global hotspot for economic growth. India is not insulated from world risks, but can overcome them faster. We are expecting a growth fuelled future for Bharat,” Kulmani Rana, Founder and CEO, Fibonacci X, said.

Oben Rorr, with an initial discount for the first 100 customers. This strategic move is aimed at expanding Oben Electric's presence in the Delhi-NCR region, with plans to establish 12 showrooms and service centers by the end of the fiscal year. The discounted price for the initial 100 customers is Rs 1.10 lakh, ex-showroom, compared to the original ex-showroom price of Rs 1.49 lakh. This limited-time offer is designed to attract early adopters in the capital. The Oben Rorr electric motorcycle is equipped with a 4.4 kWh lithium-ion battery pack that powers a 10 kW electric motor, delivering 62 Nm of peak torque. The bike boasts impressive performance specs, capable of accelerating from 0 to 40 kmph in just 3 seconds and achieving a top speed of 100 kmph.

The price change in 24 carat gold in the last one week has been -0.1% .whereas in the last month it has been 4.18%.The cost of silver is Rs.88460.0 per kg up by Rs.640.0 per kg. Gold Price Today in Delhi is ₹73210.0/10 grams. Yesterday’s Gold Price on 19-06-2024 was ₹73519.0/10 grams.

Ahmadi Governorate in the Gulf Kingdom, a media report said on Wednesday. The massive fire which occurred at a six-storey building in the city of Mangaf on July 12 was caused by an electrical short circuit in the guard's room on the ground floor. The building was home to 196 migrant workers, mostly Indians. «The Public Prosecution has ordered the detention of a Kuwaiti national, three Indian nationals, and four Egyptian nationals for two weeks in connection with the Al-Mangaf building fire case,» English language daily Arab Times reported without identifying their names.

Infosys, has taken a softer and more flexible approach when it comes to returning to the “work from office” mode after the pandemic. Employees at the Bengaluru-based company have leveraged more remote working options in FY24 than in FY23, shows its ESG (environmental, social, and governance) report that ET has seen. This comes at a time when other tech companies are bringing in stricter mandates for employees to work from office.

Real estate investor Grant Cardone joins ‘FOX & Friends’ to weigh in, arguing it is the worst time to buy a home in his lifetime. 

working moms across New York City, allows them to take paid break time to pump breast milk while at their jobs. Women employees who are enjoying motherhood, will get the additional perk of an entitled 30 min break time who need to pump breast milk while being at work. Pumping breast milk at jobs no more a hassle with new New York law

California. Researchers from the Chapman University’s Centre for Demographics and Policy have been tracking home prices in 94 English speaking metropolitan cities of the world. Report:

The mayor of Kansas City, Missouri, says an economic ‘border war’ between his state and Kansas has restarted

Education Ministry on Wednesday ordered Bihar police's Economic Offences Unit to present a detailed report on the issue of grace marks. «In the matter pertaining to the NEET(UG) Examination-2024, the issue related to grace marks has already been fully addressed. As regards certain irregularities alleged in the conduct of the examination in Patna, a detailed report has been sought from the Economic Offences Unit, Bihar Police. Government will take further action, on receipt of this report. Government is committed to ensure the sanctity of examinations and protect the interest of students. It is reiterated that any individual/organization found to be involved in this matter will face strictest action,» said the Ministry in the statement. The NEET examination was held on May 5 across 4,750 centres and around 24 lakh candidates took it. The results were expected to be declared on June 14 but were announced on June 4, apparently because the evaluation of the answer sheets got completed earlier.

London Private Members' Clubs, seem to be moping about the incoming British PM — in opinion polls we still trust — lacking one credential: being a member of a club in the city he lives-works in. Thevoz mentions in an X post: 'As far as I can tell, Keir Starmer will be the first British Prime Minister since 1763 to not be (or have been) a member of one or more London private members' clubs....' Conservative and Labour PMs alike have been, we are told, members of social watering holes like the Athenaeum and Carlton, Churchill apparently finding time and energy to be a member of nine clubs.

licence of The City Co-operative Bank, Maharashtra for lacking adequate capital and earning prospects. The Commissioner for Cooperation and Registrar of Cooperative Societies, Maharashtra has also been asked to issue an order for winding up the bank and appoint a liquidator, RBI said. According to RBI, the cooperative bank ceases to carry on banking operations with effect from the close of business hours on June 19, 2024. On liquidation, every depositor would be entitled to receive deposit insurance claim amount of his/her deposits up to a monetary ceiling of Rs 5 lakh only from Deposit Insurance and Credit Guarantee Corporation (DICGC).

ice cream brand Go Zero has raised $1.5 million from existing investors DSG Consumer Partners, Saama Capital and V3 Investors. The funds will be used to boost growth in the quick commerce and ecommerce sectors, as well as to expand operations into tier-I cities like Jaipur, Chandigarh, and Ahmedabad.

Awfis, which went public last month, reported a net profit of Rs 1.3 crore for the January-March quarter (Q4 FY24), against a loss of Rs 13.8 crore a year ago. The Peak XV Partners-backed company saw its operating revenue grow by 45% year-on-year (YoY) to Rs 232.3 crore for the quarter.

The project is inspired by the Sea's serene beauty and captivating characteristics. Embracing the essence of seaside living, the project incorporates themes like Sea Breeze, Aqua Sense, Tropical Plantation, Sculptures, and Pebbles, harmoniously merging nature-inspired design with modern amenities.

The price change in 24 carat gold in the last one week has been -0.69% .whereas in the last month it has been 1.91%.The cost of silver is Rs.87820.0 per kg down by Rs.190.0 per kg. Gold Price Today in Delhi is ₹73495.0/10 grams. Yesterday’s Gold Price on 18-06-2024 was ₹73663.0/10 grams.

International Day of Yoga on June 21 on the banks of Dal Lake in Srinagar, Jammu and Kashmir. As many as 3,000- 4,000 people are expected to attend the event scheduled at the Sher-e-Kashmir International Convention Centre (SKICC) along the picturesque Boulevard road.This year the theme of the International Day of Yoga is ‘Yoga for Self and Society’ which highlights yoga's dual role in fostering individual and societal well-being.Also Read: International Yoga Day 2024: Yoga with Modi is back! PM explains Asanas in animated videos.