Citi Financial News

Indraprastha Gas Limited (IGL) jumped 7 percent in intra-day deals on Wednesday despite weakness in the Indian market on the back of decent financial results for the March quarter (Q4FY24). The firm posted a 9 percent rise in its consolidated net profit at ₹433.79 crore as against ₹397.51 crore in the corresponding period last year. However, the leading city gas distributor's (CGD's) revenue from operations in the quarter under review fell 2 percent to ₹3,964.42 crore, versus ₹4,056.44 crore in the year-ago period.

pet dog inside the lift of the upscale Lotus 300 Society in Noida's Sector 107. The incident took place on May 3, adds to a growing number of dog attacks in the city. CCTV footage from inside the lift captured the harrowing moment. The video shows the girl alone in the lift when the doors open, and suddenly, a pet dog rushes in and launches an attack. The child had no chance to defend herself against the unexpected assault. This incident has raised serious concerns about safety measures within residential complexes, particularly regarding pet ownership and management. It underscores the importance of implementing strict regulations and guidelines to ensure the safety of residents, especially children, from such unforeseen dangers.

NEW DELHI : India's small cities and towns, once emblematic of neglected infrastructure and stagnant lifestyles, are now hotspots of rising consumption—a pattern not gone unnoticed by India’s hospitality sector. Demand for hotels and resorts in small cities and towns, especially those categorized as tier 3 and 4, is climbing at an unprecedented rate. Cities such as Mhow, Silvassa and Rewa, which offer attractive investment opportunities at lower land acquisition and operational costs, are emerging as compelling destinations for a good number of hospitality companies.

Gaza's vital Rafah border crossing on Tuesday in what the White House described as a limited operation, as fears mount of a full-scale invasion of the southern city as talks with Hamas over a cease-fire and hostage release remain on a knife's edge.

A month after losing a $2.6 million Financial Industry Regulator Authority arbitration claim, two of the brokers named in the matter have declared bankruptcy, meaning the client who sued them – and won – likely won’t see money any time soon, if ever.

Flexible workspace provider Incuspaze has leased 350,000 sq ft in Gurugram's Udyog Vihar in one of the biggest office space transactions of 2024.

Young Americans are starting out with more credit-card debt than generations before them. That financial burden can have long-lasting effects. The rising debt load largely reflects a surge in prices for food and shelter at the start of their careers, coupled with a larger percentage of Gen Z who graduated with student loans.

Gold and silver prices today on 07-05-2024: Check latest rates in your city On Monday, spot gold prices gained almost 1% on Monday amid softer dollar and decline in US treasury yields. Friday’s weaker than expected US jobs report fueled expectation of potential rate cuts later this year. Further, safe haven buying due to the ongoing tension in the Middle East also supported the bullions to trade higher.

ALSO READ: Poonch IAF convoy attack: Security forces release sketches of two terrorists One of the slain terrorists has been identified as Basit Dar, an "A" category terrorist who belonged to The Resistance Front, VK Birdhi, Inspector General of Police (IGP), Kashmir, said. Birdhi said that security forces got inputs about the movement of terrorists in Redwani village, following which a cordon and search operation was launched on Monday night.

₹6,700 crore lost in potential sales in 2023, according to the 'Think India Think Retail 2024" report released Tuesday. Several shopping centers are struggling as an increasing number of consumers turn to online shopping and are shifting to larger centers for enhanced experiences. “Shopping centres in distress grapple with ongoing hurdles, compounded by fresh additions worsening their already elevated vacancy rates," the report said.

Aadhar Housing Finance IPO to open on May 8; what does GMP indicate before subscription? Aadhar Housing Finance is a housing finance firm focused on serving the lower-income demographic. Its clientele primarily resides in tier 4 and tier 5 cities across India. As of September 30, 2023, the company boasted a network comprising 471 branches and 91 sales offices, spanning across 20 states and union territories.

A Tennessee-based sanitation company is agreeing to pay more than half a million dollars after a federal investigation found it illegally hired children to clean dangerous meat processing facilities

A nonprofit Chicago journalism production company has won two Pulitzer Prizes for local and audio reporting

Paras Healthcare Private Limited (“Paras Health”), a corporate hospital chain which launched its first hospital in Gurugram in 2006, recently performed Bhumi Pujan for its forthcoming 300-bed hospital in the city. This new facility will be the second hospital under the umbrella of Paras Health in Gurugram, to be located in Sector 63-A. This marks another significant milestone in the hospital's journey towards expanding its healthcare offerings. The ceremony was graced by the presence of Dr. Dharminder Kumar Nagar, Managing Director of Paras Health, Mr. Ankit Goel, Director Essel Infra LLP, Dr. Kapil Garg, Director and Dr. Santy Sajan, Group Chief Operating Officer, Paras Health.

Knight Frank India's latest report, 'Think India Think Retail 2024', sheds light on the growing phenomenon of ghost shopping malls across major Indian cities. The report indicates a significant increase in the number of such malls, which are defined by a vacancy rate exceeding 40%. According to the report, the number of ghost shopping malls rose from 57 in 2022 to 64 in 2023, reflecting a concerning trend in the retail sector.

White-collar hiring in the country witnessed a 3% dip year on year last month and slipped 1% on month, the latest Naukri JobSpeak Index showed. This despite insurance (34%), travel and hospitality (16%), oil and gas (15%), and FMCG (11%) sectors clocking double-digit growth in job creation.

retail assets resulting in around 13.3 million sq ft retail shopping center space being classified as 'Ghost Shopping Centers,' with a vacancy rate of 40% or higher in 2023, showed a Knight Frank India study.

Greater Chennai Corporation has implemented stricter regulations concerning pets, especially dogs, in public spaces. The incident, which occurred in Chennai's Thousand Lights area, has prompted authorities to take strict action to enhance safety measures.

Axis Bank Ltd is on a lookout to hire Asian expatriates to help the lender win business from multinational companies.

Noida based real estate developer County Group plans to deliver over 4 million sq ft across three housing projects in 2024, overcoming the challenges faced during Covid. The region where majority of the projects are stuck and buyers are waiting for delivery for over a decade, has seen very few delivered projects since Covid.

gold in the last one week has been 0.63% .whereas in the last month it has been -2.7%. The cost of silver is Rs.84100.0 per kg up by Rs.1200.0 per kg. Gold Price Today in Delhi is ₹73683.0/10 grams.