Citi Financial News

30.05 / 16:49
Citi Citizens Courts Mumbai: Building slab collapses in Vikhroli, two senior citizens dead
Also Read: Ghatkopar hoarding collapse: Retired ATC official, wife waiting to refuel found in 'decomposed state'According to TOI, the 20 dangerous buildings house a total of 711 residents or tenants, comprising 494 residential and 217 nonresidential occupants.The board has appealed to occupants to vacate the buildings and avoid loss of life and property. It has urged them to notify the 24/7 control room at Tardeo of danger or accidents at 022-2353 6945, 0222351 7423 and 93216 37699, said the report.In another development, a 47-year-old structural engineer was arrested on Thursday in connection with Ghatkopar hoarding collapse on May 13.
30.05 / 16:43
markets Citi Fox show Mortgage rates increase to 7.03%
Madison Ventures managing director Mitch Roschelle analyzes the housing market and reveals some of the best places to live outside of big cities on The Big Money Show.
30.05 / 14:27
Citi ICE Research trends Experts hospital Experts warn of heat risks as India's temperatures climb again
temperatures across India are having their worst impact in the country's teeming megacities, experts said Thursday, warning that the heat is fast becoming a public health crisis. India is enduring a crushing heatwave with temperatures in several cities sizzling well above 45 degrees Celsius (104 degrees Fahrenheit). Temperature readings in the capital New Delhi rose into the high 40s Celsius this week, with power usage in the city — where the population is estimated at more than 30 million — surging to a record high on Wednesday.
30.05 / 14:21
markets COST Citi Banner performer reports RBC tops expectations as profit surges in capital markets
Royal Bank of Canada beat analysts’ estimates on strong performance from the company’s capital-markets business and lower-than-expected provisions for potential loan losses.
30.05 / 12:01
markets Citi Platform Southern trends hospital reports E-commerce, BFSI, hospitality sectors driving job market in 2024: Report
BFSI (banking, financial services, and insurance), and hospitality sectors witnessed an increased demands for talents in the first four months of 2024, indicating a recovery in overall job market, a report said on Thursday. Driven by economic recovery, the demand for workforce in BFSI increased the maximum by 21 per cent during the first four months of this calender year. The e-commerce sector saw an increase of 17 per cent, services and hospitality industries reported a growth of 13 per cent, according to a report by professional networking platform Apna. The report is based on the data on Apna platform during 2023 and 2024. It also found that the job market in the southern part of India saw a growth of 23 per cent compared to 18 per cent last year, with cities like Hyderabad, Bengaluru and Chennai leading in terms of total number of job postings.
30.05 / 11:29
UPS Citi Provident Action security community Troops rescue 1,000 people from floods in Manipur, relief ops on, says Assam Rifles
Assam Rifles have rescued about 1,000 people from flood-affected areas in Manipur, which was badly hit by incessant rains due to the cyclone Remal. In a statement, the Assam Rifles said its troops successfully carried out rescue operation in the flood-affected areas in Imphal city and provided succour to the distraught and stranded people on Tuesday. Approximately 1,000 local people were rescued from the devastating floodwaters, the statement said. The operation, carried out with precision and compassion, underscores the unwavering commitment of the security forces in safeguarding lives and communities in times of crisis, it said.
30.05 / 11:21
UPS Citi security Parke show Traffic Chinese cities eyes data assets as fiscal woes bite
China’s property slump has weighed heavily on land sales, drying up a key source of revenue for local governments. Now, authorities are looking at an unconventional way to fill up their coffers: data monetization. The protracted property downturn has hit local governments hard, with many struggling under huge piles of debt.
30.05 / 11:03
Citi Digital WhatsApp Trade country reports International RBI to boost rupee’s internationalisation, liberalise norms for non-residents
Reserve Bank of India will boost ongoing efforts towards the internationalisation of the rupee by bringing regulatory changes for non-residents, while taking steps to bolster the GIFT City’s appeal vis-à-vis other international financial centres. “Efforts are underway towards internationalisation of the Indian Rupee (INR) through settlement of bilateral trade in local currency,” RBI officials wrote in the central bank’s annual report for 2023-24. “To promote the internationalisation of INR and support local currency settlement with partner countries, it is necessary to liberalise the regulations relating to INR accounts for non-residents,” they wrote.
30.05 / 10:55
UPS Citi Waters War rights Delhi water crisis: Emergency measures imposed amid heatwave | List of what is banned
₹2,000 against the violators. The Delhi government has also banned the usage of portable water at construction sites.Announcing the ban, Atishi said, “There are many car repair and car washing centres that are using Delhi Jal Board's drinking water.
30.05 / 10:21
Citi Waters WhatsApp Delhi water crisis: BJP Mahila Morcha protests outside minister Atishi's home
Delhi BJP Mahila Morcha's office bearers on Thursday held a protest outside minister Atishi's residence over water crisis in the national capital. The protestors were carrying earthen pots on their shoulders and placards during the demonstration. They raised slogans against Delhi Chief Minister Arvind Kejriwal outside Water Minister Atishi's residence. The Delhi government today held an emergency meeting regarding the water crisis that the city is facing amid a prevailing heatwave.
30.05 / 10:21
Citi Fighting security Election actress conductor rights Kolkata residents stare at difficult days as workforce leaves city to vote
Kolkata: No joy for residents of the City of Joy who seem to have been thrust into a whirlwind of anxiety and are bracing for a possible disruption in their daily lives starting this Friday. The source of their dread is the looming Lok Sabha polls on June 1 when the city and its suburbs vote and its aftermath till the results are announced on June 4. This critical period promises chaos, as a substantial portion of the workforce engaged in myriad professions across the metropolis prepares to abandon the city and return to their villages to exercise voting rights. Polling will take place in various constituencies in Kolkata and its adjacent districts of North, and South 24 Parganas in the final leg of the general elections.
30.05 / 10:21
UPS Citi Waters information Department Courts NOT Delhi water crisis: AAP govt to approach SC over Haryana not releasing city's water share
Delhi government will approach the Supreme Court on Thursday over Haryana not releasing the national capital's share of water, which has led to a crisis situation, Water Minister Atishi said. Addressing a press conference here, Atishi said Delhi is staring at an "emergency situation" and announced a slew of emergency measures to tackle the crisis. «We will approach the Supreme Court on Thursday itself over Haryana not releasing the share of Delhi's water,» she added. The minister said a central water tanker control room is being set up in the Delhi Jal Board (DJB) and it will be monitored by an Indian Administrative Service (IAS) officer.
30.05 / 05:43
Citi Freedom show country Inside reports rights North Korea sends balloons with feces, trash attached into South Korea
North Korea took responsibility for sending hundreds of balloons filled with feces and trash over its border with South Korea.South Korea’s Joint Chiefs of Staff said about 260 North Korean balloons have been found all over the country as of Wednesday afternoon. Chemical and explosive response teams have been sent out to recover the balloons and debris.Photos released by the military show some still-intact white balloons with trash bags attached to them while others show scattered pieces of plastic and paper on city streets.
30.05 / 05:35
Citi WhatsApp Department Little rain, possible dust storm in Delhi; lowest temperature at 30.4 °C
temperature in Delhi on Thursday was 30.4 degrees Celsius. Later in the day, the department predicted moderate showers and a dust storm. According to the weather service, today will be mostly cloudy with a heatwave, a chance of dust storms or thunderstorms, and very light rain mixed with strong gusts. The maximum temperature of 46.8 degrees Celsius was recorded on Wednesday at Delhi's main meteorological station, Safdarjung. This is the highest reading in 79 years. It was June 17, 1945, and the temperature was 46.7 °C.
30.05 / 05:35
UPS Citi FIVE Strategy Invesco performer recommendations Infra mutual funds among top winners in last 5 years of Modi government
mutual funds have been among the top 10 winners in the last five years of the Modi government, data crunching by ETMutualFunds showed. Around 108 sectoral/thematic funds were in the market in the said period. Out of the top 10 sectoral/thematic funds, eight schemes were from the infrastructure sector. Infrastructure funds have offered an absolute return of up to 380% in the last five years of the Modi-led government. Quant Infrastructure Fund, the topper in the list, gave an absolute return of 379.75% in the last five years. Invesco India Infrastructure Fund delivered 282.53% in the said period.
30.05 / 04:41
COST Citi Career Pool wellness performer innovations GCCs open multiple career opportunities for freshers
global capability centres (GCCs) are opening offices here because of the easy access to a skilled labour pool, low cost of operation, digitisation and other factors. More global companies are opening these offshore units to perform numerous business functions and operations, and innovations to enhance productivity. As a result, these centres present endless job and growth opportunities for early career professionals. Hence, it would be beneficial for young minds to understand the roles, skills and pay at GCCs if they want a career in this segment. GCCs: A deep dive into what they are
30.05 / 04:19
UPS Citi Sustainability Election country Inside electronic Looking for stocks to buy before election result? Insiders scanning these 5 sectors
Modi will hit a hattrick on June 4 election result day and, if so, with how many seats in the Lok Sabha. Stock investors are fine-tuning their portfolios with sectors that are likely to benefit if BJP retains power. Going by promises made in BJP's election manifesto, all-things-capex is emerging as the biggest investing mantra before elections.
30.05 / 03:03
Citi Southern Instagram Actor rowing mountaineering 'All eyes on Rafah' image shared 44 million times online
Rafah" has been shared by more than 44 million Instagram accounts since Monday after a deadly Israeli strike at a camp for displaced Palestinians in the Gazan city. The image depicts densely packed rows of tents stretching endlessly across a desert landscape overshadowed by mountains, alluding to the hundreds of thousands of Palestinians who fled there during Israel's military campaign against Hamas. Chilean-US actor Pedro Pascal, top models Bella and Gigi Hadid, who are of Palestinian descent, and French football star Ousmane Dembele are among the celebrities to have shared it on Instagram.
30.05 / 01:39
Citi country cover information reports Updates Monsoon 2024 Update: Maharashtra's monsoon onset in 8-10 days, Mumbai to experience relief soon, says IMD
Mumbai, the temperature typically ranges from 35 to 36 degrees Celsius during the summer, which is considered normal. However, due to high humidity levels ranging from 80% to 90%, the perceived temperature can feel 40 degrees Celsius even at 35-36 degrees Celsius.
30.05 / 01:39
UPS Citi Waves isolate Department Updates IMD Update today: Orange alert in Delhi as heatwave continues in national capital, Haryana, UP, MP; rainfall in Kerala
Indian Meteorological Department (IMD), these states' heatwave-like conditions will gradually decrease in the next 2-3 days. Take a look at today's IMD weather forecast.-Heatwave to severe heat wave conditions likely to reduce gradually over Northwest and Central India from 30th May.-Heatwave to severe heatwave conditions very likely in isolated pockets of Bihar, Jharkhand, Odisha on 30th and isolated heatwave conditions on 31st May and 01st June.Also Read: Red alert in Delhi: IMD warns of severe heatwave across 6 states today; IMD issues rainfall alert in Arunachal, 7 others-Heatwave conditions are very likely in isolated pockets of Vidarbha, Chhattisgarh, Jammu division, Himachal Pradesh on 30th May 2024.-Severe heatwave conditions will likely to prevail in isolated pockets of Vidarbha, Chhattisgarh, Jammu division, Himachal Pradesh on 30th May.Also Read: Delhi on fire: Capital city hits record 50.5 degrees as IMD predicts 'severe heat-wave conditions'-People in Goa will continue to suffer from hot and humid weather in isolated pockets of Konkan and Goa on 30th and 31st May.The National Capital will witness a severe heatwave (with slightly reduced intensity) today, May 30.
29.05 / 20:25
UPS Citi MET country rowing Peak power demand at record high of 246.1 GW on Wednesday
India's peak power demand hit a record 246.1 GW till 0300 pm Wednesday as northwest and central parts of the country continue to reel under unprecedented heatwave conditions. The previous record of peak demand was set at 243 GW, including shortage, last September. The peak demand met was 240 GW last year. Peak demand that could not be met today, if any, will be available in a day, a government official said. Electricity demand surpassed the government's expected peak of 235 GW for solar hours in May. The power ministry had projected peak power demand at 235 GW this month during daytime and 225 GW during evening hours. The national capital recorded the highest ever peak of 8,302 MW as of 530 pm Wednesday. It breached the projected peak demand of up to 8,200 MW this summer. In Delhi, peak power demand crossed 7000 MW for 12 days in a row in May for the first time this calendar year. The city's peak power demand had clocked 8,000 MW on May 22. «The persistent heat wave across north India is leading to a sharp demand surge for electricity in the national capital,» a Tata Power Delhi Distribution Ltd spokesperson said.

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