Citi Financial News

Severe weather threat, including tornado, is expected to expand its reach on Monday, stretching further eastward and encompassing approximately 19.5 million individuals across the Southern region in the US. Severe weather threat includes Texas cities such as Austin, San Antonio, Waco, Houston and Corpus Christi. Apart from Texas and its areas, Shreveport, New Orleans, and other parts of Louisiana are under weather watch. Southern Arkansas, and Mississippi will also inclement weather. The weather comes on the heels of a stormy April in which the US had 300 confirmed tornadoes, the second-most on record for the month and the most since 2011. Both the Plains and Midwest have been hammered by tornadoes this spring, as per an AP report.

Demand for daily groceries, essentials and household products will likely be muted in the current quarter, global research firm Kantar said, but it indicated a rural-led recovery in the second half of FY25 even though urban consumption could remain a relative straggler. Overall volumes, which indicate the number of products consumers bought, expanded 5.2% in the March quarter, unchanged from the three months to December. Sales volumes in rural markets climbed 5.8%, and in cities by 4.7%, from a year earlier, data from Kantar showed. Kantar monitors branded and unorganised products, including unpackaged voluminous commodities. Nielsen, on the other hand, tracks primarily branded retail sales. «There was significant inflation that led to shrinkflation, or consumers downgrading. But the worst is behind us and there is visibility of better growth,» said Saugata Gupta, managing director, Marico. «There will obviously be volume improvement although there will be some pricing growth as well. We definitely see a double-digit revenue growth.»

Preparing for the D-day Social media narrative notwithstanding, ruling BJP is confident of coming back for a third term at the Centre. The government machinery is working towards a specific date — June 10 for swearing in and the first Cabinet meeting. The government is also working towards rolling out a 100-day agenda after a full-body Niti Aayog meeting on June 24. Campaign stuck due to traffic Pune traffic is turning out to be a nightmare for Lok Sabha candidates, especially during the second half of the day. Maharashtra deputy chief minister Devendra Fadnavis had a first-hand experience when he reached the city to campaign for BJP candidate Murlidhar Mohol. While Fadnavis was somehow able to reach the designated venue on time, Mohol arrived late as he was stuck in city traffic.

Israeli assault on the southern Gaza city of Rafah «cannot take place», the UN human rights chief insisted Sunday, saying it could not be reconciled with international law. All eyes have been on Rafah in recent weeks, where the population had swelled to around 1.5 million after hundreds of thousands of Palestinians fled fighting in other areas of the Gaza Strip.

rooftop solar panels, and develop an entrepreneurial ecosystem of vendors for implementing the PM Surya Ghar: Muft Bijli Yojana is a move in the right direction. This initiative holds the potential to significantly increase the adoption of rooftop solar systems among the scheme's target households. However, to fully realise its benefits, GoI needs to address structural issues related to electricity market design and tariff, power purchase contracts, and infrastructure requirements. The promise of 300 units of free electricity for setting up rooftop solar panels is attractive.

Ukraine is waging a tough new battle on its border, fending off a heavy Russian bombardment of northeastern Kharkiv region in an assault that will stretch Kyiv's manpower. Russian forces smashed through the border into Kharkiv region on Friday, threatening to open a new front in the 27-month war that has long been waged in the south and east and the Russian military says it has seized control of at least nine villages. Kyiv said it was repelling the attacks and battling for control of the settlements. Ukraine's chief commander, Oleksander Syrskyi, said on Sunday his forces were doing all they could to hold the line.

approval from the Mumbai Metropolitan Region Development Authority (MMRDA) for transfer of its headquarters, an iconic 10-storey property in Mumbai's business district Bandra-Kurla Complex (BKC), to global institutional investor Brookfield Asset Management. The authority has recently provided an approval for the sub-lease of the property, The IL&FS Financial Center (TIFC), based on an application made by IL&FS. However, the sale of the property as approved by the National Company Law Tribunal (NCLT) is for a complete transfer. “The approval provided by us for the transaction as of now is as per the application made by IL&FS and the revised approval will be granted soon after reviewing the same under the land disposing policy,” a senior MMRDA official told ET.

Mint analysis shows. On the flip side, the Congress’ vote share declined from 26% in 2009 to 15% and 18% in the following two elections. The analysis is based on constituencies in six of India’s largest cities—Delhi, Mumbai, Chennai, Kolkata, Hyderabad, and Bengaluru—which accounted for nearly 6% of all registered electors in the 2019 election.

As Israeli military fliers rained down on eastern Rafah warning residents to evacuate ahead of a military operation early this week, Kareem Jouda and his family resolved to stay put even as their neighbors fled. They felt they had nowhere to go. The bombing changed their minds.

Bomb threat sent Delhi police into a tizzy on May 12, the second time in a matter of weeks after the school bomb hoax. The Indira Gandhi International Airport and two hospitals in the capital city got bomb threats via email on Sunday, which led to frenzied searches at the locations. The two hospitals are Burari Government Hospital and Sanjay Gandhi Hospital in Mangolpuri. Responding to the incidents, the Delhi Police quickly launched an investigation. Delhi fire service said that Indira Gandhi International Airport also received a bomb threat email.

Zomato and quick commerce platform Swiggy Instamart on Mother’s day surpassed record order volumes it witnessed on New Year's Eve. “Mother's Day, for the first time ever, is turning out to be a (much) higher volume day than New Year's Eve,” Zomato cofounder and chief executive Deepinder Goyal said in a post on X on Sunday.

Raymond Chandler as a modern denizen Juniper Song fancies herself a modern-day Philip Marlowe, navigating Los Angeles guided more by Raymond Chandler’s masterworks than by Google Maps. Song, the creation of author Steph Cha, is a 20-something Korean-American who uses her private-eye skills to help friends in need. As much as she romanticizes Marlowe’s metropolis, Song’s L.A.

India’s real estate sector is experiencing a paradigm shift and transforming the landscape in tier 2 and tier 3 cities. The picture recent projections present of real estate prospects in these emerging markets is highly promising.

Albert Einstein called compounding the eighth wonder of this world. How apt his observation was has been proved over the years by many investors who have shown that if money is invested and given time to grow, one can amass enormous wealth.

Real estate markets in non-metros or Tier-2 cities continue to grow by leaps and bounds, in the process outperforming many metros in terms of investment and demand growth. This massive rise in real estate investment in non-metros can be attributed to various factors.

In a news that has brought cheers to the Indian realty market, Knight Frank and CII have reported that the sector will grow three-fold in the coming decade and is expected to reach USD 1.5 trillion by 2034, contributing 10.5% of the country’s total economic output, translating a phenomenal increase of 3.2%. At present, the sector’s contribution to the GDP is 7.3%.

gold in the last one week has been -0.92% .whereas in the last month it has been 3.14%. The cost of silver is Rs.84470.0 per kg up by Rs.170.0 per kg. Gold Price Today in Delhi is ₹74103.0/10 grams.

Shashwat Goenka, Vice Chairman, RPSG Group, says that right from the energy business to the manufacturing business of carbon black which is now diversifying into chemicals, the retail business, the consumer business, the media or the entertainment business, across all verticals and even the BPO business, the group is going to go through a lot of transformation, a lot of growth – organic and inorganic – over the next couple of years. What has changed in Kolkata? Shashwat Goenka: Over the last few years, a lot has changed in Kolkata and I do not know when was the last time you came here. But if you actually just drive around, you will see the amount of infrastructure development that has taken place. And I think what has also changed over the last two years is a lot of people are now moving back to West Bengal. People originally who were from here who had moved out, a lot of them are moving back. So, that is a reflection of the transformation that we have seen in the state.

National Testing Agency is set to conduct the first hybrid mode Common University Entrance Test-Undergraduate (CUET-UG) 2024 from Wednesday. CUET (UG) – 2024 is to be held throughout the country in 380 Cities and 26 cities outside India on 15th, 16th, 17th and 18th May 2024 in Pen and Paper mode. The National Testing Agency has already City Intimation slip for CUET (UG) — 2024. The agency is now expected to announce the admit cards/hall tickets soon.

Joe Biden said that a ceasefire in the war in Gaza is possible «tomorrow» if Hamas released the hostages in its captivity. He was speaking at a fundraiser event in Seattle on Saturday (local time). «Before I begin, let me answer a question related to the hostages...You know, there would be a ceasefire tomorrow if...Hamas released the hostages, women, the elderly, and the wounded,» Biden said.

Joe Biden threatened to pause some weapons shipments to Israel if it invaded the southern Gaza Strip city of Rafah, the devastating effects of one weapon were of particular concern to him. «Civilians have been killed in Gaza as a consequence of those bombs,» Biden said in remarks to CNN this past week. He was referring to U.S.-made 2,000-pound aerial weapons, the largest in the Pentagon's Mark 80 series of bombs.