Citi Financial News

MUMBAI:In a significant setback to Gift City's ambitions of becoming a global financial hub, the much-anticipated merger between the two international exchanges located there, NSE IX and India INX, has been called off, according to two persons aware of the development.India INX is a subsidiary of BSE Ltd, while NSE IX is led by the National Stock Exchange Ltd.The merger was expected to enhance trading volumes and attract international investors to Gujarat's Gift City, where the average daily turnover on international exchanges runs into billions of dollars.The talks were called off by the BSE because discussions, on since 2022, had failed to make any headway, said one of the persons cited above.A BSE spokesperson confirmed that the merger talks are "off the table" but declined to comment on the reasons for the decision. Attempts to reach a spokesperson of the National Stock Exchange (NSE) were unsuccessful."The merger was driven by the IFSCA's objective of making Gift City a global financial centre rivalling the likes of Singapore, Hong Kong, Luxembourg, and Dubai.

1. Revision in Average Balance criteria The average balance criteria for Everyday Savings Account and Sankalp Savings Account revised as under:

Congress chief Sonia Gandhi Thursday said these are very important elections to save democracy and the Constitution, and urged the people here to play their part in this fight and make INDIA bloc candidates victorious on all seven seats. In a video statement, the Congress parliamentary party chief also asserted this Lok Sabha election is being fought on issues such as unemployment, inflation and attack on constitutional institutions. Click here to participate in our Lok Sabha Elections Survey to gauge the mood of the nation «This is a very important election. This election is an election to save the democracy and Constitution of the country. This election is being fought on issues like unemployment, inflation and attack on constitutional institutions. You have to play your part in this fight,» Gandhi told the people of Delhi in her message.

Jaya Badiga, a certified family law specialist, has been appointed as a Judge in the Sacramento County Superior Court in the US state of California. Gavin Newsom, the Governor of California, made the appointment of Badiga, who has earlier served as a Commissioner at the Sacramento County Superior Court since 2022. Badiga, born in Vijayawada city of Andhra Pradesh, fills the vacancy created by the retirement of Judge Robert S. Lapham. Badiga, a member of the Democrat Party, also served as an Attorney at the California Department of Health Care Services in 2020 and at the California Governor's Office of Emergency Services in 2018.

ANI.1. On May 19, the Porsche car, which was driven by the juvenile, killed two motorbike riders, named Anish Awadhiya and Ashwini Koshta. Both were IT professionals and were residents of Madhya Pradesh.2.

NDTV quoted police officials as saying.This suggests that the foreseeable disaster could have been prevented if prompt action was taken on time. This incident has alerted authorities in various cities across India, including Mumbai, Noida and Chennai to crackdown other outsized and illegal hoardings.The absconding director of the advertising firm that had installed the billboard was arrested from Udaipur in Rajasthan after being on the run for 72 hours.

₹81 crore and revenue from operations grow 12% in fiscal year 2024, according to TCPL's annual report released on Thursday. In fiscal year 2023 the coffee chain had reported a loss of ₹23.9 crore.

INDIA bloc, comprising Congress and the Aam Aadmi Party (AAP). The national capital will vote in a single phase for all seven constituencies on May 25 in the ongoing Lok Sabha elections. Several restrictions, including a 48-hour ban on liquor sales, have been imposed, given the polling in Delhi on Saturday.

Also Read: Awfis Space Solutions IPO opens today. Check GMP, subscription status, should you subscribeThe initial public offer of co-working space operator got booked 2.03 times on the first day of bidding led by the retail portion.

4: The one number that matters the most. Manchester City lifted their fourth Premier League title in a row, becoming the first men’s team in the history of English football to do so. Guardiola’s well-oiled machine has redefined the word domination, having won the Treble last season.

Finvolve, a joint venture of India Accelerator and Finolutions, has closed its two maiden funds at a total corpus of Rs 100 crore, founder Apoorva Vora told ET. The Mumbai-based angel investment firm takes a unique approach and curates a deal flow of startups to wealth managers only, for them to be able to make returns for their clients.

A wind farm in southwest Iowa suffered a direct hit from a powerful tornado that crumpled five of the massive power-producing towers, including one that burst into flames

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.

The MacArthur Foundation will let loose another $100 million to a single project in the third installation of its global 100&Change competition, which for the first time requires applicants to address diversity, equity, and inclusion issues, the founda...

Nashville councilmembers have rejected a plan to erect a glowing sign at Morgan Wallen’s new bar along a neon-lit strip of honky tonks in the city's downtown

Venice implemented a €5 ticketing system for day visitors last month. The city has already said that nearly one million euros have been collected in the first 11 days of the tax application, SchengenNews reports. Local media sources told Schengen visa news that from April 25 to May 5, approximately 1,95,000 tickets were sold, slightly surpassing projections and generating €975,000 in revenue. However, this amount falls short of covering the expenses associated with establishing the online reservation system, conducting information campaigns, and managing ticket controls, which amounted to three million euros.

Nykaa Q4 Results: FSN E-Commerce Ventures, which operates beauty and fashion retailer Nykaa, announced its January-March quarter results for fiscal 2023-24 (Q4FY24) on Wednesday reporting a massive four-fold jump in the quarterly net profit attributable to shareholders on customer retention over heavy discounts. The net profit zoomed to 187 per cent to ₹6.9 crore in the fourth quarter of FY24, compared to ₹2.4 crore in the year-ago period.The Falguni Nayar-led company's revenue from operations in the March quarter rose 28 per cent to ₹1,668 crore, compared to ₹1,302 crore reported in the corresponding period last year.

Delhi's maximum temperature on Wednesday reached 43.4 degrees Celsius, three notches above the season's average, and remained in the 'Yellow' alert zone, according to the India Meteorological Department (IMD). There is a very high likelihood of developing heat-related illnesses and heat stroke in people of all ages, and a significant health concern for vulnerable individuals, such as infants, the elderly, and those with chronic diseases, the weather office said. «Avoid heat exposure and keep cool. Avoid dehydration,» the IMD advised, adding that people should drink sufficient water and use ORS or homemade drinks like lassi, torani (rice water), lemon water and buttermilk to stay hydrated. According to the IMD, the city will be on orange alert on Thursday.

documentary is all set to be released on Netflix after the OTT streaming giant has won bidding war for "Diddy Do It". Hip-hop star 50 Cent is producing Sean 'Diddy' Combs' documentary «Diddy Do It», as per a report on WhatsOnNetflix. So far, production has commenced but makers are yet to announce a confirmed release date for «Diddy Do It» documentary. However, the documentary, once it is out, will delve into allegations and charges against Diddy, as per the WhatsOnNetflix report.

storms moved eastward to pummel parts of Illinois and Wisconsin, knocking out power to tens of thousands of customers in the two states. Greenfield's hospital was among the buildings that were damaged in the town, which meant that at least a dozen people who were hurt had to be taken to facilities elsewhere, according to Iowa State Patrol Sgt. Alex Dinkla.

tactical nuclear weapons that were announced by Russian authorities earlier this month in an apparent warning to senior Western officials who had spoken about the possibility of deeper involvement in the war in Ukraine. It was the first time Russia has publicly announced drills involving tactical nuclear weapons, although its strategic nuclear forces regularly hold exercises. According to a statement by the Defense Ministry released Tuesday, the first stage of the new drills envisioned «practical training in the preparation and use of non-strategic nuclear weapons,» including nuclear-capable Kinzhal and Iskander missiles. The maneuvers are taking place in the Southern Military District, which consists of Russian regions in the south, including on the border with Ukraine; Crimea, illegally annexed from Ukraine in 2014; and four Ukrainian regions that Russia illegally annexed in 2022 and partially occupies.