Citi Financial News

ALSO READ: Mumbai most expensive city for expats in India; see full list here According to the report, Delhi fared better than Mumbai in several parameters, including Economics, Human Capital, and Quality of Life. Delhi was worse in the Environment ranking, while all the Indian cities ranked 380 on Governance.

₹999, was a tad cheaper when compared to the other online stores. While speed wasn’t a top priority, the swift delivery didn’t hurt. “Within minutes, I had the hair dryer in hand, along with some savings," said Sanjith.

Uber became the first aggregator to be licensed by the Transport Department of Delhi to run Uber shuttle in the capital city. It will be a part of the Delhi Premium Bus programme. With the 'Uber shuttle' option on the Uber app, passengers in Delhi will be able to reserve seats in advance on the route of their choice.

Recognising the need for quick and steadfast claims support, Policybazaar has launched its Claim Assurance Program to fast-track motor insurance claims. With a strong presence across 1000+ PIN codes, Policybazaar is targeting metro cities as well as tier 2 & 3 regions.

When it comes to investment purposes, three asset classes – gold, real estate and equity – score over other options. These three investment avenues too have their pros and cons, like other options. Gold for decades has been a preferred choice for Indian households due to traits like safe-haven appeal, liquidity advantage and cultural significance. Real estate is another popular investment avenue for people, thanks to low volatility and high returns in the medium- to long-term. On the other hand, equity gives a feeling of ownership to an investor after purchasing the stock of a particular company.

Atul Londhe alleged on Tuesday that the teen allegedly involved in the Pune accident was served “pizzas and burgers" at the police station. He was quoted by News 18 as saying that “pizzas and burgers" were served to the teen at the police station following the accident. ALSO READ: Pune drunk driving accident kills 2: Teen Porsche driver gets bail on 4 conditions — 'write essay, work with police...' He also questioned the lack of promptness from the police in initiating action against the accused.

Uber and Lyft announced they will keep operating in Minnesota, now that state lawmakers have passed a measure that will increase driver pay to a level the companies can accept

car accident case to police custody till May 24 on Tuesday. The Porsche car allegedly driven by the 17-year-old, who the police claim was drunk at the time, knocked down two motorbike riders in Kalyani Nagar area in Maharashtra's Pune city in the early hours of Sunday, causing their death, reported PTI, citing officials. According to police reports, the teenager allegedly lost control of the vehicle, leading to the fatal accident. The victims were identified as motorbike riders who succumbed to their injuries on the spot. The juvenile's father, a real estate developer, has been detained.

household savings in FY24 after falling to their lowest level in FY23, Crisil said in its report released Tuesday. “Bank deposits, which constitute the largest chunk of gross financial savings, grew 13.5% in FY2024, compared with 9.6% in the previous year,” it said. Moreover, Crisil noted that mutual fund investments rose further in FY24, and even a continued rise in equity market returns may have attracted more retail investors.

Pluugin E-commerce has announced plans to expand its operations in India. The company stated that this expansion aims to create over 2,100 jobs in the local market over the next three years. Currently operational in 12 states, Pluugin E-commerce plans to achieve 100 percent pan-India coverage within the next 12 months. Additionally, India will serve as the backend office for its global operations in Bangladesh, Nepal, and Sri Lanka, it said. “We truly believe that every brand has the potential to be borderless in today’s e-commerce landscape, and we intend to help them leverage this potential, with a strong focus on MSMEs. Our strategic entry into the Indian market brings new growth opportunities within the e-commerce space, enabling a global presence for all 'Make in India' brands,” said Aparna Gupta, Founder & Managing Director of Pluugin E-commerce.

human trafficking racket busted here recently, Andhra Pradesh police on Tuesday said 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 said. Visakhapatnam Police Commissioner A Ravi Shankar noted that these trafficked Indians caused large scale riots in Jinbei and Compound, Sihanoukvile in Cambodia, which is allegedly a hub for cyber crime. «Many people called up Visakha city police whatsapp numbers and sent videos. Yesterday (Monday), around 300 Indians 'revolted' in a large scale against their handlers in Cambodia,» said Shankar in a release.

A plan to boost pay for Uber and Lyft drivers in Minnesota that lawmakers believe would prevent the companies from leaving the market advanced in the state Legislature before the midnight deadline

A group of Tesla shareholders which includes New York City Comptroller Brad Lander is calling for investors to vote against Elon Musk’s $46 billion pay package. The group of shareholders wrote to other Tesla holders arguing that the electric-vehicle maker had governance issues. They said that the company’s board was too close to Musk and had failed to properly evaluate the pay package.

intense summer heat, Discom officials said. According to the State Load Dispatch Centre (SLDC) Delhi real-time data, the peak demand of the city broke all previous records. It reached 7717 MW at 3.33 pm, they said. Delhi's previous all-time high peak power demand was recorded at 7,695 MW on June 29, 2022, officials said.

₹3 crore to ₹4 crore including cap-ex, deposits and inventory," the annual report said. In FY24, Zudio entered 46 cities and added more presence in 48 cities. Also read: Fashion forward: Trent captivates with zesty Zudio expansion Zudio grew its footprint by 203 stores in the last financial year and is now more accessible than ever before with a growing density of presence in multiple micro markets, the retailer said.

Mahesh Rajaraman as Chief Risk Officer (CRO) of the company with effect from August 1, 2024. In a regulatory filing, Mahindra Finance said Mallika Mittal has tendered her resignation and ceased to be the CRO of the company with effect from May 17. Mittal would be exploring opportunities externally as per her resignation letter. Her resignation would be effective from close of business hours on November 16, 2024, when she would cease to be employee of the company, it added. The Non-banking Finance Company (NBFC) said in the interim period that Gaurav Verma, Head Underwriting & Product Policy, would exclusively oversee the risk management function and would be responsible for the responsibilities under the role of CRO until Rajaraman joins as the CRO.

«If you look at growth on a full year basis, our revenues are up 20%, EBITDAs up 29% and profit after tax up at about 47% and we closed the year with a very healthy EBITDA margin of 26%,» says Pankaj Sahni, Group CEO, Medanta. Meanwhile, Dr Naresh Trehan, CMD, Medanta says, «The model actually not only is the highest level of care that we give or knowledge that is available, but also with compassion and make it affordable, as affordable as possible.» Describe how the quarter gone by has been for you and where is it that you see the business actually moving, say, in the next two to three quarters? Pankaj Sahni: We have been very happy with the performance as we look at not only the quarter, but the build up to that over the last several months, in fact over the full year if you look at growth from last year to this year on a quarterly basis, EBITDAs are up 8%, revenues are up 14%.

cricket in older days and said that nowadays “bias of affluence noted". In a post on X, Kamath wrote, “I vividly remember lying on a mattress watching every cricket game India ever played with my family as a kid. When India won a game against Pakistan, the entity locality came to a halt, and we would be on the streets celebrating :)." He stressed, “Today, things seem different; a lot of the kids I meet (bias of affluence noted) seem to be speaking about other sports, video games, etc." Speaking about the cricket franchises, Kamath said, “Is crcicket fully priced in? Would you go long or short cricket franchises at today's valuations?" Also Read: Harbhajan Singh on Mumbai Indians' performance in IPL 2024: ‘…the decision to make Hardik Pandya captain backfired’ A user, Prakash R commented, “In recent times, I find myself to be more attached to my local city team CSK rather than to the national team.

Investigation Agency (NIA) on Tuesday carried out multi-state raids in connection with its probe in Bengaluru's Ramshwaram Cafe blast case, officials said. Several customers and hotel staff members were injured, some of them grievously, in the blast that caused extensive damage to the cafe in the IT city on March 1. «Multi-states raids were underway in different locations,» a senior NIA official said, without sharing further details. The probe agency, that took over the case on March 3, had on April 12 arrested two key accused, including the mastermind Adbul Matheen Ahmed Taahaa, in the matter.

Delhi is in the grip of an intense heatwave, with temperatures crossing 47 degrees Celsius, prompting the India Meteorological Department (IMD) to issue a 'red alert' for the next five days. This scorching weather has pushed the city's peak power demand to unprecedented levels for May, leading to the immediate closure of schools by the Delhi government. Unprecedented Heatwave Grips Delhi The capital has been experiencing a relentless rise in temperatures, with Sunday recording the highest temperature this summer at 44.4 degrees Celsius. Saturday saw temperatures at 43.6 degrees Celsius, a significant increase from Friday's 42.5 degrees Celsius.

‘Lord Jagannath Bhakt of PM Modi’: BJP's Sambit Patra sparks major controversy "This is not possible; no person in his right mind can say that God is a devotee of any human being. The mistake happened unknowingly while giving out bytes to a channel. I agree that the sentiments of some people have been hurt due to my statement, but even the lord forgives a person for committing a mistake unknowingly," said Patra.