Citi Financial News
10.05 / 21:15
Citi
SUN
Southern
wellness
Labrador
track
Northern lights could appear across Canada as ‘severe’ geomagnetic storm nears
aurora borealis.The U.S.’s National Oceanic and Atmospheric Administration (NOAA), which tracks space weather events, is anticipating that northern lights could be seen as far south as northern California and Alabama. The geomagnetic storm may last throughout the weekend.NOAA's Space Weather Prediction Centre has issued a rare G4 geomagnetic storm watch (first since 2005) this means the #aurora could be visible tonight across much of Canada and as far south as Northern California! #Auroraborealis pic.twitter.com/tsrrrty0HY— Ross Hull (@Ross_Hull) May 10, 2024The northern lights will “likely be visible across Canada where the sky is clear on Friday night and then again potentially on Saturday night,” according to Global News meteorologist Anthony Farnell.“For best viewing, you should try to get away from the bright city lights and look to the north.
10.05 / 17:27
Citi
Reuters
Bill
President
War
Battlefield
country
US announces new $400 mln military aid package for Ukraine, official says
White House said on Friday. The Ukraine aid package includes artillery, munitions for NASAMS air defenses, anti-tank munitions, armored vehicles and small arms that can immediately be put to use on the battlefield, a U.S. official told Reuters earlier on condition of anonymity. The weapons aid will utilize Presidential Drawdown Authority, or PDA, which authorizes the president to transfer articles and services from U.S. stocks without specific congressional approval during an emergency. As a part of the $95 billion aid bills, Congress authorized $60.8 billion worth of various forms of aid to Ukraine, including $8 billion worth of PDA items.
10.05 / 17:27
Citi
CEO
Remark
RAI
blues
hospital
The Oberoi Grand, Kolkata Honoured with the INTACH's Blue Plaque for Cultural Significance
Heritage (INTACH) has honoured The Oberoi Grand, Kolkata, with a distinguished blue cultural plaque, commemorating its esteemed heritage and historical significance as the "Grande Dame of Chowringhee.” Expressing gratitude for this prestigious recognition, Vikram Oberoi, CEO of The Oberoi Group, remarked, “We are deeply honoured to receive the blue plaque for The Oberoi Grand, Kolkata. Standing witness to Kolkata's storied history, The Oberoi Grand embodies a legacy of resilience and unwavering hospitality. As we continue to uphold the traditions established by our Founder Chairman, Rai Bahadur Mohan Singh Oberoi, and Chairman Emeritus, Mr. P.R.S Oberoi, we remain committed to offering our guests an unforgettable experience steeped in personalised service, understated luxury, coming together seamlessly with the hotels rich history.” Fondly known as the «Grande Dame of Chowringhee,» The Oberoi Grand unveils a captivating saga steeped in history, tracing its roots back to the 1800s when it adorned the landscape as the residence of a British Colonel.
10.05 / 17:09
Citi
Booking
Man
Trade
Universities
track
Jim Simons, billionaire quantitative investing pioneer who generated eye-popping returns, dies at 86
Jim Simons, a mathematician who founded the most successful quantitative hedge fund of all time, passed away on Friday in New York City, his foundation announced on its website.
10.05 / 16:11
Citi
Election
President
country
rights
Relationships
mountaineering
Americans poll better in India than Americans do in America, says US Ambassador Eric Garcetti
[Indians] do that are better than us [Americans]." He said that during election times in India, there are people who check trucks to make sure that nobody has cash going around. "There's probably walk-in money, as they call it in some cities here in the United States, Philadelphia, that's like a tradition where cash kind of gets you votes and things like that. So, I've been impressed with certain things they do that are better than us," the US diplomat was quoted by PTI as saying.
10.05 / 14:59
markets
COST
Citi
CEO
performer
Features
Ola S1 X hits Indian roads with three battery options, starting at ₹69,999
₹69,999, ₹84,999, and ₹99,999, respectively, with all prices being ex-showroom. These figures reflect a recent price cut by Ola Electric, making the S1 X one of the most competitively priced electric scooters in the Indian market. The 2 kWh battery pack in the S1 X delivers a certified range of 91 km on a single charge, with a full recharge taking 7.4 hours.
10.05 / 14:19
UPS
Citi
FIVE
Election
show
reports
Non-life insurance companies post 13% rise in premium collection at Rs 2.89 lakh cr in FY24
insurance companies garnered a premium income of Rs 2,89,738 crore in 2023-24, around 13 per cent higher than that of the year ago. Non-Life insurance industry had collected a premium of Rs 2,56,894 crore in the preceding year, according to data posted by Gebneral Insurance Council. Of this, 35 general insurance firms reported an increase of 14 per cent in their premium at Rs 2,45,433 crore during the year against Rs 2,14,833 crore in the previous year. Five standalone health insurers together collected a premium of Rs 33,116 crore during the year, up 26 per cent from Rs 26,244 crore a year earlier, the data showed.
10.05 / 14:07
UPS
Citi
Digital
Booking
International
stake
TVS Holdings to acquire majority stake in Home Credit India for ₹554 crore
₹554 crore, while Premji Invest, and its associates, will pick up the remaining 19.26% equity for another ₹132 crore. According to a company statement, the transaction is subject to approvals from the Competition Commission of India, and the Reserve Bank of India. JM Financial acted as the financial advisor to Home Credit India Finance, while Khaitan & Co.
10.05 / 12:57
markets
Citi
Aware
Strategy
reports
Interviews
International
Nexus Select Trust open to acquiring more top malls after ₹1,000-crore Hyderabad deal
₹1,000 crore. The three malls will be acquired from Larsen and Toubro (L&T), a person aware of the development told Mint. Dalip Sehgal, executive director and chief executive at Nexus Select Trust, said in an interview Friday, “It is difficult to name [the malls] since the permissions have not [yet] come in.
10.05 / 11:55
10.05 / 10:39
Citi
FLEX
show
social
fun
Equality
Do artisanal collaborations really help the artisan?
soof patch embroidered on the back of the white jacket by artisans in Gujarat’s Palanpur, at a London party. Each of the 80 pieces was global, with an India signature. At its heart, the show, titled Legacy Of Deft Hands, served yet another reminder of what has long been known: Indian artisans have the skills to create work that can be as much part of daily wear as haute couture around the world, and all they need is guidance of homegrown designers to create global designs.
10.05 / 08:37
markets
COST
Citi
Target
Platform
Metro
Food
Zomato share price: Emkay Global raises target driven by Blinkit; sees 17% more upside
₹230 per share from ₹170 earlier largely driven by Blinkit and has retained its ‘Buy’ rating on the stock. It values the food delivery business at ₹121 (DCF basis), Blinkit at ₹90 (DCF basis), and cash and other investments at ₹18 (book value).
10.05 / 08:29
markets
Citi
ETF
security
Strategy
innovations
reports
Akshaya Tritiya: 5 key factors you should consider when investing in real estate
We, Indians, hold our traditions and cultural beliefs very close to our hearts, finding significance in the rituals that shape our lives. The auspicious festival of Akshaya Tritiya, falling on the third day of the Hindu month of Vaishakha, carries a sacred message of prosperity and success. Hence, purchasing gold on this day is considered to bring good returns in the long run. Traditionally associated with gold purchases, this festival has evolved into a day for forward-thinking investments.
10.05 / 06:03
markets
Citi
Citigroup
WhatsApp
country
Citi upgrades India stocks to overweight in EM allocation, cuts China
stocks has come despite worsening fundamentals, while India is delivering solid profits, Citigroup Inc. strategists wrote, downgrading China and upgrading India in emerging market allocation. “China’s recent rally has occurred despite weakening fundamentals; we downgrade to neutral,” strategists including David Groman and Beata Manthey wrote in a note dated May 10. It upgraded India to overweight on strong earnings momentum and projected growth.
10.05 / 06:03
UPS
Citi
awards
2020
Investigations
Terror IS couple that ‘plotted over 100 blasts’ in Delhi get up to 20 years in jail
Jahanjeb Sami and Hina Bashir Baig, a couple residing in Delhi's Jamia Nagar, have been sentenced for their ties to the Islamic State (IS). The duo, arrested in 2020 under the Unlawful Activities (Prevention) Act, were found guilty of attempting to establish a caliphate and plotting 100 blasts in the city. Sami received sentences ranging from three to 20 years, while Baig was awarded two seven-year sentences. The investigation revealed their online personas as active radicalizers linked to IS operatives in Syria and Afghanistan. Sami and Baig, both in their mid-30s, moved to Delhi from Jammu and Kashmir in 2019. Sami, with a BTech and MBA, worked for a UK-based firm, while Baig, after her MBA, had worked in banks before taking a break. They rented a flat in Jamia Nagar's C Block, initially enjoying weekends outdoors. However, the 2019 anti-Citizenship (Amendment) Act protests and the subsequent COVID-19 pandemic kept them indoors, where they spent time surfing the internet. Arrest and Investigation
10.05 / 06:03
Citi
Airlines
security
information
travelers
International
Air Vanuatu files for bankruptcy protection after cancelling all international flights
Air Vanuatu filed for bankruptcy protection on Friday a day after the South Pacific state-owned carrier cancelled all international flights, stranding thousands of travellers. The airline on Wednesday cancelled more than 20 flights to and from the Australian cities of Sydney and Brisbane, and the New Zealand city of Auckland for the rest of the week. The airline said it was the result of «extended maintenance requirements» on their aircraft. Ernst & Young Australia's Morgan Kelly, Justin Walsh and Andrew Hanson were appointed liquidators in an equivalent of a US Chapter 11 bankruptcy, the firm said in a statement. The liquidators said safety and maintenance checks would be made before normal operations resumed.
10.05 / 05:51
Citi
Provident
Diversity
reports
Department
Traffic
International
Bengaluru hit by torrential rains: Residents face traffic woes and flight disruptions
Kempegowda International Airport on Friday. The downpour led to the diversion of several flights, including international passenger flights. "Heavy rainfall accompanied by strong winds rendered the airport inaccessible for landing between 9.35 pm and 10.29 pm, leading to diversion of flights," a Bengaluru International Airport Limited (BIAL) official said in a statement. He said 13 domestic flights, three international passenger flights, and one international cargo flight were diverted to Chennai on Thursday.
10.05 / 05:23
COST
UPS
Citi
Trade
country
Gold and silver prices today on 10-05-2024: Check latest rates in your city
The price change in 24 carat gold in the last one week has been -0.76% .whereas in the last month it has been 0.12%. The cost of silver is Rs.82590.0 per kg up by Rs.82590.0 per kg. Gold Price Today in Delhi is ₹73218.0/10 grams.
10.05 / 05:23
Citi
Election
reports
Relationships
mountaineering
Indians better than Americans in many ways, says US Ambassador Eric Garcetti, dismisses concerns about democracy
PTI reported. According to PTI, the Biden administration's top diplomat also said that he was confident that “10 years from now, India is going to be a vibrant democracy as it is today in terms of free and fair elections". Responding to a question expressing concerns over the status of democracy in India, the US envoy also spoke about how the voting machine is taken in the mountains for one person so he can cast his vote.
10.05 / 02:53
Citi
WhatsApp
Celebrity
Akshaya Tritiya 2024: When is the best time to buy gold in my city? Check city-wise shubh muhurat
Akshaya Tritiya, also known as Akti or Akha Teej, is an Indian festival celebrated on the third lunar day (tithi) of the bright half (Shukla Paksha) of the month of Vaisakha. The term 'Akshaya' translates to 'never diminishing', and it is believed that buying gold on this day ensures unending wealth. Best Time to Buy Gold on Akshaya Tritiya 2024 Gold holds significant value in Indian culture, symbolizing wealth and purity. Purchasing gold on Akshaya Tritiya is considered auspicious and is believed to bring blessings and symbolize boundless prosperity. The best time to buy gold on Akshaya Tritiya in 2024 is from May 10, 2024, at 05:33 AM to May 11, 2024, at 02:50 AM.
10.05 / 02:33
UPS
Citi
Google
Universities
country
social
rights
Prashanth Prakash: Master mentor
Also read | Invest in new ideas, not flavour of the season, says Accel's Prashanth Prakash This is the kind of big picture thinking that has made Prashanth one of the top venture capitalists and investors in the country — someone who continues to shape the startup ecosystem in India, which he has had a ringside view to over the span of two decades and more. At the moment, Prashanth focuses on companies in the consumer Internet services, online marketplaces and SaaS space and has led investments in startups like BlueStone, BookMyShow, FabHotels, QwikCilver, Rentomojo and TeaBox, but he will perhaps always be best remembered as the person who, along with co-founder Subrata Mitra, bet on Flipkart back when e-commerce was but a glimmer in Indian founders’ eyes.
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