Citi Financial News

28.03 / 07:33
Citi Waters Strategy economy reports Schools Traffic Tackling air pollution is an economic imperative, not just a health crisis
Subscribe to enjoy similar stories. Even as air pollution chokes Indian cities, nearly ₹858 crore allocated by the central government for pollution control in 2024-25 remains unspent.
28.03 / 07:13
markets COST Citi Provident Sustainability Destinations Low costs can make India APAC's data centre hub
In terms of data centre construction cost, India recorded one of the highest increases in the Asia Pacific (APAC) region, rising by 5% in 2024 due to increasing land prices, power infrastructure demand, and high-spec, AI-ready facilities, said the real estate services firm. Despite this, the country remains a competitive investment destination compared with mature markets like Japan and Australia, it said.
28.03 / 04:09
COST Citi Target hospital patient rights Mumbai doctor bombarded with weight-loss drug Mounjaro enquires. Don't ignore his advice
Dr. Rahul Baxi is a Mumbai-based diabetologist, and his patients are rushing to him to ask about the new drug that claims to help with weight loss. In a recent tweet, he shared that many come in with the same question: can they start taking the much-hyped medication to shed extra kilos? India’s fascination with the new Rs 16,000-a-month weight-loss injection is in full swing, with people hoping for a quick fix. However, Dr. Baxi emphasizes that the injection isn’t a magic solution for everyone. Without essential lifestyle changes like a balanced diet, regular walking or exercise, and strength training, the results may not be as effective. He stresses that the medication should only be used under a doctor’s supervision and prescribed to the right patients for the best outcomes. Netizens have shared mixed reactions to the buzz around the new weight-loss injection. Some highlighted the effectiveness of traditional methods, with one person mentioning how regular yoga, evening walks, and home-cooked meals helped lower their HbA1c from 6.2 to 5.8, despite the challenges of maintaining a strict diet in a food-loving city like Indore.
28.03 / 04:09
Citi BLOCK SUN Experts country prevention Surya Grahan 2025 date and time: Will it be visible in India? Is Sutak Kaal applicable? Precautions for pregnant women
partial solar eclipse is set to take place on Saturday, March 29, marking the first solar eclipse of 2025. The event occurs when the Moon moves between the Earth and the Sun, partially blocking sunlight and casting a shadow on parts of the Earth. According to NASA, the eclipse will be visible across regions of Europe, Asia, Africa, North America, South America, and the Arctic.
28.03 / 03:27
Citi Southern country cover Inside International Pony.ai wins first permit for fully driverless taxi operation in the center of China's Silicon Valley
BEIJING — In the latest step toward building a revenue-generating robotaxi business, Chinese start-up Pony.ai said it has obtained China's first permit to charge fares for fully driverless taxis in core parts of a business district of Shenzhen.
27.03 / 14:55
Citi awards Trade reports Headlines Sporting MLB 2025 Philadelphia Phillies vs Washington Nationals: Schedule, prediction and more
Philadelphia Phillies will be taking on the Washington Nationals in a high-stakes Major League Baseball (MLB) game on Thursday after two straight disappointing playoff exits. Leading the way for the Phillies will be Zack Wheeler, who was a runner-up for the Cy Young Award during the last season. This was his second time in the last four years. Wheeler is pitted against MacKenzie Gore of the Nationals. Gore was taken from the San Diego Padres during the 2022 Juan Soto trade, Inquirer reported.
27.03 / 14:55
Citi Twitter Fighting Football Celebrity social fun Cristiano Ronaldo is playable character in new fighting game Fatal Fury: 'Big news to share'
Cristiano Ronaldo has been announced as a playable character in Fatal Fury: City of the Wolves, an upcoming and much-awaited fighting game set to be released next month. The Portuguese player announced the major surprise for his fans on X, formerly known as Twitter. In his social media post, Ronaldo revealed he will be entering as a playable character in the upcoming fighting game Fatal Fury: City of the Wolves. «Big news to share with everyone today! I'm going to be a character in the new fighting game FATAL FURY: City of the Wolves! @FATALFURY_PR Let's have some fun on April 24th!,» his post read. This announcement sent shockwaves through both the gaming and football communities, as the 40-year-old legend is renowned for his athletic achievements rather than any connection to gaming. ALSO READ: US health department to cut 10,000 jobs as Robert F. Kennedy Jr announces overhaul in latest DOGE push
27.03 / 14:55
Citi Fighting Assurant economy Trade President reports Doug Ford calls for a Team Canada approach and vows economic retaliation against Trump's tariffs, pledging to hit Americans hard without harming Canadians
Ontario Premier Doug Ford is urging a collective “team Canada approach” from Canada's provinces following US President Donald Trump's announcement to introduce a 25% tariff on car imports, as per CTV News.
27.03 / 11:53
Citi Waves Digital security country innovations International Nagpur rises as a fintech powerhouse, Corpay Technologies leads the way
While established IT hubs such as Bengaluru, Pune, and Hyderabad continue to dominate, Nagpur is emerging as a formidable player in this digital revolution. Once considered a Tier-II city, Nagpur is now gaining traction as a center for AI-powered financial solutions, cloud computing, and fintech innovations. With a thriving IT ecosystem and increasing global investments, the city is leveraging GenAI to enhance customer experiences, drive automation, and accelerate digital transformation. Corpay Technologies: A catalyst for change in Nagpur’s tech landscape A significant contributor to this transformation is Corpay Technologies India Private Limited, a Global Capacity Centre (GCC) based in Nagpur. The company has been making waves internationally, reinforcing Nagpur’s position on the global IT map. Corpay Technologies India Private Limited is a part of Corpay Inc., a NASDAQ-listed company headquartered in Atlanta, Georgia, USA. Operating in over 150 countries, Corpay Inc. boasts an annual revenue of over $4 billion and an adjusted net income exceeding $1 billion, making it one of the global leaders in financial technology. Corpay has cemented its position as an industry leader across three core business verticals:
27.03 / 06:53
markets UPS Citi Manufacturing FLEX trends Office leasing in India’s top 7 cities up 15% in Q1 2025
office leasing across the top seven cities reaching 15.9 million square feet in the first quarter. This represents a 15% year-on-year (YoY) increase, driven by strong demand for Grade A office spaces. Bengaluru and Delhi-NCR led the leasing activity, collectively accounting for nearly 50% of total transactions and absorbing two-thirds of new supply introduced during the quarter. Among other key markets, Chennai witnessed a significant 93% surge in leasing, doubling its Q1 2024 absorption levels. The city’s strong performance was primarily fueled by major technology firms signing large deals. Some of the major leasing deals during the quarter includes Applied Materials leasing 835,000 sq ft in ITPL, Whitefield (Bengaluru), Tata Consultancy Services taking up 690,000 sq ft in Ozone Tech Park, OMR (Chennai), JP Morgan Chase & Co. leasing 559,700 sq ft in Embassy Tech Village, ORR (Bengaluru), Walmart securing 465,400 sq ft in CapitaLand, Radial Road (Chennai), Intuit leasing 456,700 sq ft in Embassy Tech Village, ORR (Bengaluru)
27.03 / 06:15
markets UPS Citi Provident Yellow pandemic Schools English fever: How startups are unlocking smalltown India's big-city aspirations
Subscribe to enjoy similar stories. When Arpit Mittal pivoted his third startup to focus on getting Indian kids unfamiliar with English to learn and speak the language, he was in for a few surprises. His Gurugram-based edtech startup SpeakX began seeing a surge in users from India’s tier 2 and tier 3 cities.
27.03 / 01:55
COST Citi Progressive Aware Trade International GIFT Nifty came home nearly two years ago, but it still has a long way to go
Subscribe to enjoy similar stories. India’s ambitious push to bring home trading in Nifty 50 derivatives has made limited progress in nearly two years, as many traders tempted by cost and logistical advantages keep faith in the Singapore Exchange (SGX). While the share of GIFT Nifty volumes originating from within GIFT City has nearly doubled to 33% during the period, it is still a long way from realizing the goal of attracting the majority of these trades to India.
26.03 / 19:19
Citi Provident Man Edison reports Discrimination Investigations Con Edison will pay $750,000 to settle suit alleging harassment of female field workers
The New York utility provider Con Edison has agreed to pay $750,000 and implement a series of anti-harassment reforms to settle a lawsuit over claims it discriminated against its female and nonwhite employees
26.03 / 17:25
Citi Aware awards WhatsApp Need to compress time to implement trademarks, copyrights: Piyush Goyal
Piyush Goyal Wednesday said that the time taken to implement trademarks and copyrights needs to be compressed and any delays done away with. “Our trademark filings are the sixth largest in the world today. Our patent grants last year was about 100,000, maybe slightly less, because last year we were able to take off, shed off a lot of the backlog,” Goyal said at the National Intellectual Property (IPR) awards. He said as people are getting confidence that patents are being sorted out and granted in a record time, the enthusiasm to file patents in India is also improving and increasing. He said that the government is trying to encourage the IPR ecosystem to develop in India but trademark is still one area which takes “pretty long”.
26.03 / 16:11
markets Citi Provident Aware Manufacturing Sustainability reports Zypp Electric lays off 10% of workforce amid profitability push
Zypp Electric has reduced its workforce by around 10% over the past two months as it works toward profitability ahead of a potential public listing. In January, the company had around 1,300 employees, which has now come down to around 1,180-1,190, according to a statement from the company. “Basically, this was not a layoff. We conducted an appraisal exercise in February, during which we looked at some rationalisation of non-performers to drive efficiency. This is part of a sustainable, profitable growth plan. As you build a business, you keep looking at its structure, and wherever some rationalisation is needed to enhance profitability and growth, you make those adjustments. That is what we continue to do,” he said.
26.03 / 15:39
Citi Manufacturing Tesla shooting Justice Department Courts Supreme Court sides with Biden and upholds regulations of ghost guns to make them traceable
Supreme Court on Wednesday upheld a Biden administration regulation on the nearly impossible-to-trace weapons called ghost guns, clearing the way for serial numbers, background checks and age verification requirements to buy them in kits online. Ghost guns were found at crime scenes in soaring numbers across the US before the regulation went into place, rising from fewer than 1,700 recovered by law enforcement in 2017 to more than 27,000 in 2023, according to Justice Department data. Since the federal rule was finalised, ghost gun numbers have flattened out or declined in several major cities, including New York, Los Angeles, Philadelphia and Baltimore, according to court documents. Manufacturing of miscellaneous gun parts also dropped 36 per cent overall, the Justice Department has said. Ghost guns are any privately made firearms without the serial numbers that allow police to trace weapons used in crime. The 2022 regulation was focused on kits sold online with everything needed to build a functioning firearm — sometimes in less than 30 minutes, according to court documents. ALSO READ: 'Elon, I want to thank you': Trump makes it official, makes big statement amid Tesla Takedown protests Ghost guns have been used in high-profile crimes, including a mass shooting carried out with an AR-15-style ghost gun in Philadelphia that left five people dead. Police believe a ghost gun used in the slaying of UnitedHealthcare's CEO in Manhattan was made on a 3D printer rather than assembled from a kit.
26.03 / 14:21
Citi War show rights Videos Palestinians protest Hamas in a rare public show of dissent in Gaza
Videos that appeared to be authentic showed hundreds of people taking part in a protest in the heavily destroyed northern town of Beit Lahiya on Tuesday. People held signs saying «Stop the war,» «We refuse to die» and «The blood of our children is not cheap.» There were calls for more protests on Wednesday. At least one was held in the hard-hit Shijaiyah neighborhood of Gaza City, where dozens of men chanted «Out, out out! Hamas get out!» «We are sick of the bombing, killing and displacement,» said Ammar Hassan, who took part in the protest on Tuesday. He said it started as an anti-war protest with a few dozen people but swelled to more than 2,000, with people chanting against Hamas.
26.03 / 13:51
Citi Instagram President show Inside stars reports Joe and Jill Biden mark their first major public outing since moving out of the White House in January; here's where they went and what they did
Joe Biden and his wife, Jill Biden, are adjusting to life after the White House. The couple recently made their first major public appearance since leaving office, at a star-studded Broadway show.
26.03 / 13:51
Citi Landmark WhatsApp Mumbai to get new policy for iconic buildings: Eknath Shinde
Eknath Shinde told the legislative council on Wednesday. «Some iconic buildings from the British era have given Mumbai a unique identity. To preserve this legacy and promote architecturally distinctive buildings in Mumbai, the state government has prepared a special policy,» Shinde said. Highlighting the importance of such developments, Shinde said that cities across the world are known for their unique urban planning, neighbourhoods, and landmark buildings. «Mumbai too, being a world-class city, deserves to encourage such iconic structures that will not only beautify the city but also strengthen its appeal as a tourist destination,» he said. The deputy CM said that the current Development Control and Promotion Regulations (DCPR) applicable to Mumbai pose limitations in facilitating the construction of distinctive structures. To address this, he said, the government has proposed separate provisions within the existing regulations to accommodate buildings that can become a symbol of the metropolis.
26.03 / 12:41
Citi Manufacturing Food electronic information Chhattisgarh gets Rs 3,700 crore investment proposals at Bengaluru meet
Britannia, Kaynes Energy and Gokaldas Exports have committed to invest Rs 3,700 crore in the state during an investor connect meeting held in Bengaluru on Wednesday. The proposals have come from companies in sectors such as engineering, textiles, electronics, IT/ITeS, food processing and green fuel, state officials said. The state government also signed memorandums of understanding with Nasscom, India Electronics and Semiconductor Association and TiE Bangalore to explore investment opportunities and generate employment in information technology, startup and semiconductor sectors in the state, they said.

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