Citi Financial News

National Disaster Response Force (NDRF), which is engaged in the search and rescue at the hoarding collapse site in Chheda Nagar here, said they can't use gasoline-powered cutters as the accident site is a petrol pump and it can result in a blast or fire. At least 14 persons died, and 74 suffered injuries after a 100-feet-tall illegal billboard fell at a petrol pump in the Chheda Nagar area of Ghatkopar during dust storms and unseasonal rains that lashed the city on Monday. Two NDRF teams are engaged in the search and rescue operation along with the fire brigade, local disaster response teams, police, and dog squads. Talking about the challenges faced by the rescue teams, assistant commandant of the NDRF Nikhil Mudholkar said the force has gasoline-powered cutter equipment and oxyfuel cutters, but the use of this equipment can result in a blast or fire as there is a petrol pump at the site.

₹130 crore in the fourth quarter of FY24, down from ₹333 crore reported in the year-ago period. The company has posted a net profit of ₹13 crore in Q3FY24. PVR Inox’s revenue from operations in Q4FY24 rose 10% to ₹1,256 crore from ₹1,143 crore, YoY.

Central Railway were suspended for over two hours due to damage to the overhead equipment between two stations caused by the storm and heavy rains. Mumbai city along with adjoining areas of Thane, Kalyan, and Palghar experienced heavy rain and sandstorm.

IMD) has, in its weather prediction for Bengaluru, stated that the city is expected to see "spells of rains or thundershowers" and "possibility of rain or thunderstorm" this week. In its seven-day forecast from May 14 to May 19, the weather department noted that the minimum temperature in the city would likely be around 23 degrees Celsius and predicts a maximum temperature of 33 degrees Celsius.

gold in the last one week has been -0.38%, whereas in the last month it has been 0.72%. The cost of silver is Rs.83660.0 per kg down by Rs.720.0 per kg. Gold Price Today in Delhi is ₹73607.0/10 grams.

Q4 Results Today: Bharti Airtel, Siemens, Colgate-Palmolive (India), BASF India, Apollo Tyres, and PVR Inox, among 97 companies expected to post their earnings on May 14 for the fourth quarter that ended on March 31, 2024. On May 13, the benchmark indices continued their upward trajectory.

'Kashi is special': PM holds mega roadshow in Varanasi amid sea of crowd | Watch Notably, several candidates who wanted to contest against PM Modi from Varanasi were denied nominations as per media reports. The candidates alleged that election officials were reluctant to issue treasury challans and nomination forms, depriving them of contesting the Lok Sabha election from the Varanasi parliamentary constituency. The nomination process began on May 7 in the city and since then long queues have been visible near the election commission's office.

United States doesn't believe that Israeli actions in Gaza amount to "genocide" but wants Tel Aviv to do more to ensure the protection of innocent civilians, US National Security Advisor Jake Sullivan said on Monday (local time), as reported by CNN. «We believe Israel can and must do more to ensure the protection and well-being of innocent civilians. We do not believe what is happening in Gaza is a genocide. We have been firmly on record rejecting that proposition,» Sullivan told reporters at the White House.

A major fire broke out in a vast shopping complex in the Polish capital that housed some 1,400 shops and service outlets

A protest against rising costs of food, fuel and utility bills has turned violent in Pakistani-controlled portion of Kashmir, leaving a police officer dead and dozens of people injured

Storied French soccer club Saint-Étienne is in exclusive talks for a sale to the owner of the Toronto Raptors and Toronto Maple Leafs

A group of Atlantic City casino workers has asked a judge to ban smoking in the gambling halls, citing the toxic effects of working there

Joseph Spada considers himself a perpetual student of the financial advisory industry. When asked what has been one of the most gratifying aspects of being a senior private wealth advisor at Summit Financial, he replies it’s the trust that’s earned from working with clients.

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.'

Manchester City will try to vault above Arsenal and into the Premier League lead on Tuesday when they visit a Tottenham Hotspur side that has recently caused them problems. City enter the game one point behind Arsenal but with two games remaining to Arsenal's one, meaning they control their destiny in their aim for a record fourth consecutive league title. A loss would see City remain behind on points entering the final day. A draw would give Arsenal the edge only on their goal differential, which is three better than City's.

Competition is hardwired in all competitive sports. But a competition can be rendered mediocre if the outcome is a 'foregone conclusion'. Which is why this season, international football has been so rich. Take English Premier League that's going into its last leg with Arsenal and Manchester City neck to neck in the title race. Across the channel, Champions League has also thrown up the finest to reach the final, but without the 'same old, same old' algorithm at play. This time, CL 'giants' Real Madrid are pitched against 'giant killer' Borussia Dortmund. In EPL, two top sides are duelling it out to the end. This is unlike last year's 'monopoly' when City claimed the crown, with Arsenal No. 2 by a distance. It was only in the latter stages of this year's tournament that Liverpool fell out of contention, and marquee sides like Man Utd and Chelsea made to languish behind the likes of Aston Villa and Newcastle. This is what makes EPL the most exciting football league in the world. Borussia Dortmund ploughing through the CL final on June 1, after beating fellow German giants Bayern Munich and others deemed 'Europe's best', has also catalysed the tournament. The irony isn't lost that in Germany's domestic league, Dortmund languishes at No. 5, with relatively unheralded Bayer Leverkusen having already won their first Bundesliga title, significantly ahead of 32-times winner Bayern. This, too, is good for the league.

Cognizant workers refusing to return to office, the axe may be about to fall. The Nasdaq-listed company has warned defiant employees that they may be fired for not turning up, becoming the first large IT firm to invoke termination to repopulate office spaces. In a letter to employees in mid-April, Cognizant Technology Solutions Corp.

Knight Frank released its report, 'Think India Think Retail 2024'. It has an ominous warning for shopping malls across the country. 'Ghost shopping malls with vacancy rates of 40% or more rose from 57 in 2022 to 64 in 2023 across eight major cities, with larger shopping centres preferred for an outing, and online shopping taking away some old retail charms,' states the report. There was a 238% y-o-y increase, it added, in the gross leasable area (GLA) of all shopping centres in prime Indian markets in 2023, even as ghost malls rose in number. Big retail in India needs reinvention. The mall as a massive real estate complex is an American idea that goes back to a combination of consumer boom, timescape, landscape and culture that suited the West rather than India. Mall culture is changing in the West itself. If an American works five days a week, with kids to raise and without help at home in sparsely populated cities, the mall may still be the place to catch a movie or for shopping. However, land costs and rentals were not real issues in the US, compared to disposable incomes that generated suitable demand.

card game is helping investment agencies in China stay afloat as US investment towards the world's second-largest economy led by President Xi Jinping, keeps falling through the cracks due to a recent executive order by current US President Joe Biden. The executive order signed by US Prez Biden back in August 2023, restricts American investment in China in significant sectors including artificial intelligence, quantum computing and other technology-based services. This has led to a void for Chinese companies and investment agencies as they are looking at raising funds to keep themselves afloat as the US investments keep pulling out. However, card game, Guandan, also known as 'throwing eggs' has come to the rescue of the Chinese, according to an NBC report.

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delivery company Zomato on Monday reported a fourth straight quarter of net profit compared with a loss a year earlier, but its shares fell as the performance missed market expectations.