Citi Financial News

₹14,600 crore to add about 17,800 beds nationwide over the next few years to meet the rising demand for healthcare, driven primarily by higher insurance penetration since the pandemic, Mint has learned. This marks their first meaningful expansion since covid, which slowed or halted their growth for four years. Manipal Hospitals, Aster DM Healthcare, Apollo Hospitals and Max Healthcare are among the healthcare majors working to add more beds in the coming years.

fiscal deficit quicker, both of which will be cheered by investors. On Wednesday, the Reserve Bank of India (RBI) announced a record 2.11 trillion rupees dividend transfer to the government, more than double New Delhi's and street estimates, leading to a decline in bond yields and a rise in equity markets. The surplus fund can help the new government, which will take charge after the current elections, bring down its fiscal deficit by 0.3% of gross domestic product (GDP) or increase spending on infrastructure or «populist» stimulus, Citi Research's Samiran Chakraborty said.

settlement window next week is expected to upend trading for Asian money managers, pushing some to secure funds in the early hours of their mornings when currency markets are at their thinnest and most jumpy. From May 28, investors from Singapore, Tokyo or Seoul who buy U.S. shares during the Wall Street day will have just 24 hours to validate their trades and convert their funds into dollars to complete the deals, down from two days previously.

Kharkiv with missiles on Thursday, killing seven people in a printing house, as President Volodymyr Zelenskiy called out his western allies for not providing enough military support to rebuff Russian attacks. Moscow's forces have hammered the northeastern city for months and launched a ground assault into the north of the surrounding region on May 10, an offensive that Kyiv says has stalled on two lines of attack for now. Authorities said Russia fired about 15 missiles at the city and the nearby town of Liubotyn, targeting mostly transport infrastructure and a large printing house in Kharkiv where around 50 people were located at the time of the strike.

Republican presidential candidate Donald Trump claimed without evidence on Thursday that immigrants from Africa, the Middle East and elsewhere were «building an army» to attack Americans «from within,» once again using inflammatory rhetoric about migrants in the U.S. illegally. During a rally in the mainly Hispanic and Black neighborhood of New York City's South Bronx, Trump sought to portray migrants from China, the Democratic Republic of the Congo and other countries as a violent threat, even as studies show immigrants are not more likely to engage in criminality.

A spokesman for Quebec’s provincial police says British Columbia serial killer Robert Pickton is in a medically induced coma after a prison attack and doctors planned to try to wake him soon.

Ambala Lok Sabha constituency of Haryana, which goes to polls in the penultimate phase on May 25, is set to see a fierce bipolar contest between the ruling BJP and the Congress. The BJP's Banto Devi Kataria (59), the wife of late MP Rattan Lal Kataria who won the previous two elections in 2014 and 2019 by handsome margins, is seeking a fresh term in the Lower House this year. However, he faces a doughty rival in the form of sitting Congress MLA from Mullana (reserved) assembly and the son of veteran Congress leader Phool Chand Mullana, Varun Chaudhary (44). The reserved seat for Scheduled Caste candidates comprises the entire Ambala and Panchkula districts as well as part of Yamunanagar district.

travel agreement being worked out between India and Russia should boost the tourist numbers to Moscow from India by at least 30%, said Evgeny Kozlov, first deputy head of the office of the mayor and the government of Moscow, in an interview to ET. Kozlov, who is also the chairman of Moscow City Tourism Committee, said Russian federal officials are also working on a project to enable virtual cards for Indian travellers while they are in India before coming to Russia. Kozlov said the virtual cards for Indian travellers should be enabled at the end of this year.

human trafficking racket being busted in Andhra's Visakhapatnam recently. Andhra Pradesh police said on Tuesday that around 300 Indians 'revolted' against their handlers in Cambodia on May 20, leading to most of them being arrested in the foreign country."As many as 150 youth from the port city and its vicinity have been stuck in Cambodia for a year already, where they are being coerced to carry out cyber crime and ponzi scams by Chinese handlers," police were quoted by news agency PTI as saying.Meanwhile, Visakhapatnam Police Commissioner A Ravi Shankar said many people called up Visakha city police whatsapp numbers and sent videos.

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.

Palanpur Civil Hospital reported that the gas spread in the vicinity, causing breathing difficulties for residents. Approximately 60-70 individuals were transported to the hospital, with one patient in critical condition requiring ventilator support. Presently, around 30 patients remain under medical care.Akshayraj Makwana, SP Banaskantha said, “Today around 6 pm, an incident of gas leakage was reported in the area near the Malan Darwaja of Palanpur city area.

Democratic People’s Republic of Korea, the citizens of this ‘hermit kingdom’ are in for a real shock. The state has introduced two new draconian laws which affect the citizen’s rights. The two new laws aim to curb South Korean influence in the north and another law is aimed at banning divorce.

US Congress, a former top adviser to Dr. Anthony Fauci was found fumbling and providing excuses rather than answering questions directly posed by the committee. This hearing came amidst a series of leaked emails from Dr. David Morens who served as a top adviser to Dr. Anthony Fauci during the COVID pandemic. These emails date to the period during which the US was gripped by a pandemic that brought many cities including New York to a standstill. The US House of Representatives Committee on Oversight and Accountability has conducted the investigation.

Indraprastha Gas Ltd (IGL) and Mahanagar Gas Ltd (MGL) declared their January-March quarter results for fiscal 2023-24 (Q4FY24) this month and have received bullish-to-neutral rating from domestic brokerage firms. Earlier this year, the CGDs announced a reduction in their respective compressed natural gas (CNG) prices across all locations.MGL, the city gas operator in Mumbai and its adjoining areas, announced a ₹2.5 per kg reduction in the CNG price on March 6.

Narayanpur Superintendent of Police (SP) Prabhat Kumar, intermittent firing was ongoing at the time of reporting.Seven Naxalites in “Maoist uniform" have been gunned down in the exchange of fire so far, said the SP.Superintendent of Police Prabhat Kumar stated that the operation, comprising members from the District Reserve Guard of Dantewada, Narayanpur, and Bastar districts, along with the Bastar Fighters and Special Task Force, all units of the state police, was initiated following intelligence indicating the presence of cadres from the Maoists' Indravati Area Committee and Platoon No. 16.Altogether, seven firearms have been recovered from the encounter site, he said.This incident brings the total number of Naxalites killed in separate encounters with security forces in the state to 112 so far this year.In an encounter that took place on April 30, security forces engaged and eliminated ten Naxalites, among them three women, in a forest situated along the Narayanpur and Kanker districts' border.

tour by global pop sensation Taylor Swift has sparked a rise in European air travel for the upcoming summer season. United Airlines, one of the major carriers, has reported a significant increase in travel demand to popular European destinations such as Lisbon, Portugal, and Madrid, Spain, over the Memorial Day weekend, SchengenNews reports. This increase, estimated to be about 25 per cent higher than last year, is directly attributed to Taylor Swift's Eras tour, which has sparked a travel frenzy among her fans. Similar price hikes are anticipated in other cities hosting the tour in the coming weeks, such as Madrid, Edinburgh, and Dublin, says SchengenNews report.

missiles slammed into Ukraine's second-largest city in the northeast of the country and killed at least six civilians early Thursday, officials said, as Kyiv's army labored to hold off an intense cross-border offensive by the Kremlin's larger and better-equipped forces. At least 16 people were injured as S-300 missiles struck the city of Kharkiv, regional Gov Oleh Syniehubov said. The sound of 15 explosions reverberated around the city of some 1 million people. Ukrainian President Volodymyr Zelenskyy called the attack «extremely cruel.» He expressed renewed frustration at not getting enough air defense systems from the country's Western partners to prevent the barrages after more than two years of unrelenting war. The city of Kharkiv, which is the capital of the region of the same name, lies about 20 kilometers (12 miles) from the Russian border. Moscow's troops have in recent weeks captured villages in the area as part of a broad push, and analysts say they may be trying to get within artillery range of the city.

Sister Midnight, which premiered at the 2024 Cannes Film Festival. The film features a knockout performance by Radhika Apte as Uma, a disgruntled new bride left to her own devices in an overwhelming and chaotic new city by a recalcitrant husband she barely knows.

travel and tourism sector is well-positioned to capitalise on an upcycle, driven by factors, including the demand-supply gap, penetration opportunities in Tier II and Tier III markets and rebound in foreign tourist arrivals, according to Indian Hotels Company Ltd Managing Director and CEO Puneet Chhatwal. In his address to shareholders in the company's Annual Report for 2023-24, Chhatwal said the Tata group hospitality firm is uniquely placed to capitalise on the opportunities provided by a dynamically growing industry. The company plans to make its 'Gateway' brand — a full-service hotel offering in the upscale segment targeting emerging micro markets in metros, Tier II and Tier III cities — 100 hotels portfolio by 2030, he added. «In India's evolving economic landscape, tourism has emerged as a powerful force driving not only economic growth but also forging a path towards a brighter and more inclusive future. With its rich cultural heritage and warm traditions, hospitality in India has undoubtedly arrived on the world stage,» he wrote.

Banks will be closed in Orissa and Tripura on the occasion of Nazrul Jayanti on May 25. Banks in India are closed on Sundays, second, fourth Saturday’s of the month, as per the Reserve Bank of India's (RBI) regulations. Banks are open on the first and third Saturdays of every month.

Last month, city councillors in Calgary settled in for what would turn out to be the city’s longest-ever public hearing. Over the course of 12 days, more than 700 residents and stakeholders paraded through council chambers at city hall to share their views ahead of a vote on sweeping changes to the city’s zoning rules.