Citi Financial News

Bharti Airtel has said that the full-scale impact of its deployment of fixed wireless access (FWA) services, which has been deployed across 25 cities so far, will start to show in the second quarter of the current fiscal year which started in April. Airtel’s FWA deployment will happen over standalone architecture (SA), similar to larger rival Reliance Jio, unlike its cellular 5G deployment which happened over non-standalone architecture (NSA), managing director Gopal Vittal said during its recent earnings call. Fixed wireless access (FWA) is being seen as the crucial first use case in 5G that will enable telcos like Airtel and Jio to monetise the huge investments made on deployment of the technology, amidst telcos offering unlimited 5G speeds to mobile phone users.

Shares of Chinese property developers surged on rising expectations that government entities in China are moving to help buy up excess housing in a bid to revive the struggling real-estate sector. The Hang Seng Mainland Properties Index, which tracks Chinese property developers listed in Hong Kong, was up 5.6% in afternoon trading Thursday.

Oberoi Realty shares extended their winning streak for the fourth consecutive day on Thursday, posting a surge of 8.70% to close at ₹1,711 per share. The stock also registered a new record high of ₹1,727.95 during the session. Investor confidence remained high following the company's strong performance in Q4 and FY24, which was released during Wednesday's trading hours.

DLF ended FY24 with healthy sales bookings of ₹14,780 crore, a tad lower than FY23 as it did not launch any major projects in the fourth quarter. The company has already made a solid start to FY25 by selling all 795 apartments in its latest luxury housing project in Gurugram – DLF Privana West – for a staggering ₹5,590 crore, and that too within three days of launch earlier this month. It has given a sales booking guidance of ₹17,000 crore for FY25, but analysts are more gung-ho expecting DLF to surpass this target.

ALSO READ: Unwanted promotional calls to attract hefty fines; new guidelines as early as this month Taking to X, Nandy wrote, “I’m sorry but I am no longer taking calls from unknown numbers. Almost every call I get is a marketing call, coming from different cities and even overseas, despite my DND status. I know this may inconvenience some who need my urgent attention but I am tired of this undeclared war on my privacy." Nandy's tweet garnered over 99.2k views and 151 comments.

Sunil Chhetri, the legendary player from Indian football who began playing for his country in 2005, formally announced his retirement from international football. He will play his final game for India on June 6th, at Kolkata, during the FIFA World Cup qualifier for 2026, against Kuwait. Chhetri, who is 39 years old and has the most appearances and goals for the Indian national team, is regarded as one of the best football players in the country. Chhetri is third among active players globally in terms of goals scored for his country, only behind Messi and the Cristiano Ronaldo.

Alamgir Alam, who was arrested by the Enforcement Directorate in connection with a money laundering case, was remanded to the ED custody for six days, said lawyers on Thursday. The minister was produced before a PMLA court in Ranchi earlier today amid tight security arrangements. Alam was arrested after a six-hour interrogation by the federal agency at their office in the city on Wednesday.

hoarding that collapsed in Ghatkopar, killing 16 people, Hindustan Times reported. According to the report, Bhinde reportedly switched off his phone and fled the city as soon as reports about deaths from the billboard collapse emerged. Although his phone was briefly switched on in Lonavala on Tuesday evening, it has since been untraceable.

Beijing, China – May 16, 2024

Harrison Butker, a kicker for the Kansas City Chiefs, is being blasted online for a commencement speech he gave at Benedictine College in Kansas last weekend, during which he railed against abortion rights and told women they should embrace being homemakers.

maximum temperatures ranged between 40-42°C in various regions, including parts of Haryana-Chandigarh-Delhi, Rajasthan, East Uttar Pradesh, East Madhya Pradesh, Saurashtra & Kutch, and Vidarbha. Additionally, isolated areas in Madhya Maharashtra, Marathwada, Telangana, Chhattisgarh, Odisha, Jharkhand, and West Uttar Pradesh also recorded similar temperatures.

Kolkata street last month, commuters sought refuge inside a glass-walled bus shelter where two air conditioners churned around stifling air. Those inside were visibly sweating, dabbing at their foreheads in sauna-like temperatures that were scarcely cooler than out in the open. Local authorities initially had plans to install as many as 300 of the cooled cabins under efforts to improve protections from a heat season that typically runs from April until the monsoon hits the subcontinent in June. There are currently only a handful in operation, and some have been stripped of their AC units, leaving any users sweltering. “It doesn’t work,” Firhad Hakim, mayor of the city of 15 million in India’s eastern state of West Bengal, said on a searing afternoon when temperatures topped 40C. “You feel suffocated.”

Nannies, housekeepers, and home care workers are excluded from many federal workplace protections in the United States, and the private, home-based nature of the work means abuse tends to happen behind closed doors

YouTube has blocked access to videos of a protest song in Hong Kong to comply with a removal order, days after a court approved an injunction to ban the song in the city

Yemeni authorities have deployed security forces and armored vehicles across the port city of Aden, in preparation for the latest in a series of protests over hours-long electricity outages caused by a shortage of fuel for power stations

Officials say a barge has hit a bridge in Galveston, Texas, spilling oil into surrounding waters and closing the only road connecting the city to Pelican Island

Erling Haaland’s double put Manchester City within touching distance of an unprecedented fourth successive Premier League title as it beat Tottenham Hotspur 2-0 away on Tuesday. The Norwegian tapped home his side’s opener early in the second half and settled City’s nerves in stoppage time when he blasted home a penalty for his 27th league goal of the season. City had failed to earn a point or score a goal in its first four league visits to Tottenham’s new stadium but ended that jinx in timely fashion to the joy of its supporters.

Mumbai once had the dubious distinction of being Asia's largest slum. Then, an embarrassed Mumbai Municipal Corporation claimed Orangi in the Pakistani port city of Karachi has inherited that rather ignominious moniker. However, Dharavi still is home to a very large number of people — more than half a million — jostling for meagre resources on a relatively tiny patch of land — of about 550 acres. And, the area remains central to the outcome of the parliamentary polls in the Mumbai South Central seat. Dharavi is populated largely with 50 to 70 square foot homes, interspersed with leather and plastic recycling and pottery and other small-scale units. Successive state governments for several decades have been promising to redevelop Dharavi, which is part of the Mumbai south central constituency.

Chinese automaker BYD has launched its first pickup truck, debuting a luxury plug-in hybrid in Mexico to compete with global rivals in China’s second-largest market for auto exports. Warren Buffett-backed BYD, the world’s biggest maker of electric vehicles, said Tuesday that it would sell the midsize Shark at prices starting at 899,980 Mexico pesos ($53,407) for its GL model and MXN969,800 for its upscale GS version. BYD didn’t specify when deliveries would begin or say whether it had begun taking orders.

etween Jagruti Nagar and Ghatkopar stations amid Prime Minister Narendra Modi's visit to Maximum City. Due to PM Modi's road show, the metro services were shut from 6 pm, which is usually when office-goers start returning home. However, the services were resumed at 7:46 pm.

Vivek Joshi on Wednesday said increasing Free Trade Agreements (FTAs) would be a key strategy for enhancing India's financial services exports. Inaugurating a workshop on financial services in FTAs here, Joshi highlighted the pivotal role of financial services in India's export strategy. The workshop organised jointly by Department of Financial Services (DFS) and Exim Bank brought together key stakeholders from the government bodies and academia to delve into the intricate dynamics of FTAs and the pivotal role of financial services in the new-age FTAs. India has significant potential to capitalise on the growing demand for financial services globally, particularly with the emergence of GIFT City as a major hub for financial services, Export-Import Bank of India (Exim Bank) said in a statement.