Citi Financial News

Biden administration's top diplomat in New Delhi on Thursday dismissed concerns being raised in certain quarters about democracy in India and observed that in many ways Indians are better than the Americans. At an event organised here by the Council on Foreign Relations, a top American think-tank, US Ambassador to India Eric Garcetti told the audience 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». «Again there's things that probably are worse and there's things that are better. They have a law, you can't go more than two kilometers to vote. So there''ll be one guy who lives in the mountains as a monk (at) someplace. They will walk for two days to bring the voting machine, execute the vote,» he said, responding to a question expressing concerns over the status of democracy in India.

Georgia’s security service has claimed overseas actors are using crypto to fund a spate of protests that have divided the country.

California's Long Beach. Long Beach City Council has decided to issue a local public health emergency after a number people have been infected by TB, as per an ABC report. So far, 14 cases of Tuberculosis have been confirmed along with 170 people who are suspected to be exposed to TB. Nine patients were admitted to the hospital. A patient has succumbed to TB, ABC reported.

The Chevrolet Malibu, the last midsize car made by a Detroit automaker, is heading for the junkyard

The rate of guns stolen from cars in the U.S. has tripled over the last decade, making them the largest source of stolen guns in the country

Nissan’s profit for the fiscal year through March has jumped 92% to 426.6 billion yen, or $2.7 billion, as the Japanese automaker’s sales grew in all major global markets except China

Loaves of bread have been taken off store shelves in Japan after the remains of “a small animal” believed to be a rat were found

purchase restrictions on Thursday to lure buyers and shore up their sagging real estate markets, raising the prospect of other megacities following suit. As of May 9, Hangzhou and Xian will no longer vet the eligibility of potential buyers, the cities' housing authorities said in separate notices, shedding requirements previously imposed to deter speculators and block buyers who are not legal residents of the cities or local tax payers.

Panamanian lawyer Ramon Fonseca, co-founder of the now-defunct law firm at the center of the "Panama Papers" scandal, died while awaiting sentencing in his money-laundering trial, his lawyer said Thursday. Fonseca died during the night while hospitalized in Panama City, a member of his legal team said, adding that health issues were «why he did not attend the trial» that opened on April 8.

Reuters, adding one was injured too. Identifying the victims, the police said that the workers were from Sahiwal in Punjab. Police have taken the injured to the hospital for treatment and started an investigation to arrest the perpetrators.

voter turnout and ensure accessibility during the upcoming polls in the national capital, the Chief Electoral Officer (CEO) of Delhi, P. Krishnamurthy, announced a strategic collaboration with ride hailing platform Rapido on Thursday. As part of this partnership, eligible voters in Delhi will be able to avail of free rides from the polling booths to their residences on the voting day, scheduled for May 25, ANI has reported. With the support of Rapido's extensive network of bike riders, the initiative seeks to bridge the gap between voters and polling booths, encouraging greater civic participation.

Akshaya Tritiya approaches, several devotees buy gold on the occasion. Also recognized as Akti or Akha Teej in certain regions, Akshaya Tritiya holds significance for Hindu households worldwide. It symbolizes new beginnings and the welcoming of prosperity into one's life and household. The price of gold recently surged to record levels, with 24 karat gold surpassing the Rs 75,000 mark per 10 grams. Several factors contribute to the final amount a buyer must pay for a piece of gold jewelry, including the prevailing gold price, manufacturing charges, and the expenses associated with any diamonds or other gemstones incorporated into the piece. Given India's enduring tradition of buying gold during auspicious occasions like Akshaya Tritiya, it's crucial for individuals to conduct thorough research before making a purchase and understand how the price is determined for the precious metal.

Indian Hotels Company, Central Depository Services (India) Ltd (CDSL) , Welspun Enterprises , Sterling and Wilson Renewable Energy (SWSOLAR) are the four stock picks by Yes Securities for the month of May'2024. Central Depository Services (India) Ltd (CDSL).

Vodafone Idea, believes global brokerage house Citi Research. After an almost 87 percent jump in Vodafone Idea in the last one year, the brokerage expects another almost 100 percent potential upside in the telecom stock in its bull case scenario. In this scenario, it has a target price of ₹25 for the stock, indicating an upside of 97 percent from its current market price of ₹12.7.

heatwave spell over some parts of Rajasthan and Madhya Pradesh till May 10. Besides this, hot and humid weather conditions are likely in Gujarat until May 13, and Kerala until May 10.

NEW DELHI : More than half of Indian retailers (52%) are planning to onboard fresh graduates this year, while two out of five (38%) retailers are seeking to recruit experienced professionals, according to a report by staffing and recruitment firm GI Group. In 2023, the retail industry experienced an 8% rise in job applications, while demand surged by 18%, indicating a strong interest in retail hiring. This was driven by retailers continuing their expansion across tier-1 and tier-2 cities.

gold in the last one week has been 0.0% .whereas in the last month it has been -0.86%. The cost of silver is Rs.0.0 per kg down by Rs.85100.0 per kg. Gold Price Today in Delhi is ₹73293.0/10 grams.

Gold rate today: Despite a buying buzz ahead of the Akshaya Tritiya 2024, hawkish US Fed talks on the interest rate continued to weigh on gold prices. The gold futures contract for June expiry opened lower at ₹71,050 per 10 gm mark on the Multi Commodity Exchange (MCX) and touched an intraday low of ₹71,034 within a few minutes of the opening bell.

yellow rainfall alert for Karnataka's capital city on Wednesday, forecasting partly cloudy skies with occasional spells of rain or thundershowers until May 12. Heavy rainfall caused waterlogging in several parts of the city including Hebbal flyover towards the airport and Veerannapalya, Maharani underpass, Summanahalli, Vaddarapalya signal, Nagawara, Hebbal railway station, and Kamakshipalya areas. Trees were uprooted in Jayamahal Road, Kathriguppe signal, Gundu Rao Circle, Lingarajapuram Main Road, Mehkri Circle, PES College near Devegowda circle, Gangamma Circle, Hennur Main Road, and Malleshwaram.

An appeals court has granted the Hong Kong government’s request to ban a protest song, overturning an earlier ruling and deepening concerns over the erosion of freedoms in the city

Joe Biden on Wednesday publicly warned Israel for the first time that the U.S. would stop supplying it weapons if Israeli forces make a major invasion of Rafah, a refugee-packed city in southern Gaza. «I made it clear that if they go into Rafah ..., I'm not supplying the weapons that have been used historically to deal with Rafah, to deal with the cities — that deal with that problem,» Biden said in an interview with CNN. Biden's comments represent his strongest public language to date in his effort to deter an Israeli assault on Rafah while underscoring a growing rift between the U.S. and its strongest ally in the Middle East.