Citi Financial News

The families of 19 of the victims in the Uvalde elementary school shooting in Texas have scheduled a news conference ahead of the upcoming second anniversary of one of the deadliest school shootings in U.S. history

The project involving rehabilitation of a large layout of slums has a total development potential of over 3.12 million sq ft. The current developer Jagdale Infrastructure has received a letter of intent from the Slum Rehabilitation Authority in 2022 and is now bringing in L&T Realty as its partner in the project.

LONDON — British regulators on Wednesday dished out a combined £61.6 million ($79 million) in fines to U.S. investment bank Citi for failings in its trading systems and controls.

Regional Meteorological Department of Rajasthan, in view of the searing and scalding heatwave has issued a red and orange alert for various districts. After the temperature breached the mark of 46 degrees Celsius, the Regional Meteorological Department has expressed the possibility of daytime temperature crossing the mark of 48 degrees Celsius and above in various parts of Rajasthan. Speaking to ANI, Radhe Shyam Sharma, Director of the Regional Meteorological Center, Jaipur said, «There is no respite from the scorching heat, as temperatures have already crossed the mark of 46 degrees Celsius and now mercury is intended to rise beyond 48 degrees Celsius.»

the RevPAR numbers have stabalised in the Q4, FY24. The corresponding quarter in FY23 experienced a very large growth of 100.8% year-on-year over 2022 because the Omicron wave of the covid-19 pandemic had slowed or shut down operations of many businesses during that period. The fourth quarter of FY24 noted a RevPAR growth of 5.5% quarter-on-quarter (Q-o-Q) compared to the previous quarter.

Hong Kong’s leader says his government will keep monitoring for any non-compliance with a court order that bans a popular protest song

The maker of a popular weedkiller is planning to amplify its push for legal protection against lawsuits claiming it failed to warn the product could cause cancer

They say it’s not in the electric vehicle maker’s best interest.

Germany’s foreign minister says sending air defense systems to Ukraine to help protect it from Russian cruise missiles, rockets and drones is an “absolute priority.”

A Texas petrochemical company has pleaded guilty to a violation of the Clean Air Act and agreed to pay more than $30 million in connection with two explosions that injured workers and caused the evacuation of thousands

Sustained Russian attacks on Ukraine’s power grid in recent weeks have forced leaders of the war-ravaged country to institute nationwide rolling blackouts

coaching hub of India. Most students aspiring to get into IITs head there to prepare for the toughest exams like JEE. However, Rajendra Choudhary, who developed the Meesho online shopping platform and studied in Kota earlier, warns that students need to be mentally and emotionally strong to survive in the city. «If you go to Kota, you will become like a machine. Most of the time will be spent studying and giving exams. It is important to be mentally and emotionally strong to survive two years in that city,» says Rajendra. Rajendra, who hails from Balapura in the Bhilwara district of Rajasthan, went to Kota to study for engineering entrance exams after completing 11th grade.

gold in the last one week has been -1.1% .whereas in the last month it has been 0.18%. The cost of silver is Rs.93150.0 per kg up by Rs.6690.0 per kg. Gold Price Today in Delhi is ₹76589.0/10 grams.

₹10,000 in a good month and ₹4,000 in a bad one, depending on how much territory they scrounge. Most cover 30-40 kilometres on foot every day. If they don’t, because of illness, they lose that day’s earning.

Pune city, had its permanent registration pending since March due to the owner's failure to pay ₹1,758 in fees, PTI reported. The vehicle in question was a luxury electric sports sedan, the Porsche Taycan, reportedly driven by a 17-year-old son of a well-known builder.

Railroad operators like to say that trains are greener than trucks when it comes to moving goods, pointing out that one railcar can haul three to four times as much as a truck, and one freight train can remove hundreds of trucks from the highways. Although the freight-rail industry is responsible for less than 2% of transportation-related greenhouse-gas emissions in the U.S., rail carriers—like the rest of the transportation industry—are under pressure to reduce those emissions, much of which are produced by diesel-electric locomotives.

Mint explains: Sales of homes priced at ₹40 lakh and below have been falling over the past five years in top cities. Even as the overall property sector witnessed a recovery, budget housing continued to bleed. While home sales climbed sharply from 2019 to 2023, the share of affordable housing dropped from 38% to 19% during the period.

Nobel laureate in economics Paul Krugman said it’s entirely unclear where interest-rate levels are headed over the medium term, with arguments in favor of both a return to pre-pandemic levels and a higher-for-longer outcome.

Pune police's action in the Porsche hit and run case, deputy chief minister Devendra Fadnavis told the media Tuesday that a case of culpable homicide not amounting to murder was registered immediately by the city police. He also added that the police did not act in any kind of pressure or that any VIP treatment was doled out to the juvenile accused during his detention. A 17-and-a-half-year-old boy, son of a prominent city developer, mowed down a couple after his speeding Porsche car rammed into their motorcycle in the Yerwada area of Pune in the early hours of Sunday. The incident sparked outrage criticising the Pune police for handling the incident with ‘kid gloves’ after the Juvenile Justice Board (JJB) granted bail in a record 15 hours and asked the accused to write a «300-word essay» on the topic of road accidents. The case has also snowballed into a political slugfest, with the Opposition Maha Vikas Aghadi (MVA) accusing police authorities and an MLA of the ruling Ajit Pawar-led Nationalist Congress Party (NCP) faction of allegedly shielding the accused minor.

LPL has deepened its high-net-worth advisory bench with a pair of breakaway advisors from Merrill Lynch.

Sobha Group, plans to increase its equity capital to Rs 10,000 crore over five years to support growth, including expansion into new markets, with an initial target of Rs 2,000 crore through a rights issue this fiscal year, said as disclosed by a senior company official. After the Rs 2,000 crore rights issue, the company’s equity base will increase to Rs 4,500 crore.