Citi Financial News

21.03 / 03:41
Citi Provident Man Parke Metro Traffic Bengaluru man, born and raised in the city, thinks living in India's Silicon Valley has become 'irritable'
In the post, he explained, how, after relocating to Rajarajeshwari Nagar three years ago, he saw another face of his beloved city. His daily commute to his office near MG Road had become a significant factor in his frustrations, leading him to reflect on the changing nature of the city. For years, his family had relied on personal vehicles as their primary mode of transportation, finding it both convenient and efficient. Lately, he argued, navigating Bengaluru's roads had become increasingly cumbersome. The pollution, particularly dust, had worsened to an alarming degree.
21.03 / 02:55
markets Citi FIVE Gap Invesco reports Interviews China's property market edges toward an inflection point
BEIJING — UBS analysts on Wednesday became the latest to raise expectations that China's struggling real estate market is close to stabilizing.
21.03 / 00:47
UPS Citi Aviat Strategy Enterprise wellness hospital Ibis a mid-market, not a budget, brand in India, says InterGlobe Hotels CEO
Subscribe to enjoy similar stories. InterGlobe Hotels Pvt Ltd is focusing on India’s tier I cities for its Ibis brand as it looks to shed the budget tag and positions itself in the mid-market segment, citing strong demand for quality hotels. The joint venture between InterGlobe Enterprises and Accor Asia Pacific, which has 29 Ibis properties in India, is evaluating opportunities in top locations in city centres for the next phase of growth, according to JB Singh, president and chief executive officer at InterGlobe Hotels.
20.03 / 23:47
markets UPS Citi CEO Platform Gap Dreams Zepto wants to master its cold supply chain. Path to profit or frozen dreams?
Subscribe to enjoy similar stories. Bengaluru: Hyperlocal grocery delivery platform Zepto is exploring ways to strengthen its cold chain logistics, aiming to enhance quality control and improve gross margins in its perishables category, according to severalindustry executives familiar with the matter. The company has invited individuals and organizations with expertise in the fresh or cold supply chain to collaborate in its drive, as per co-founder and CEO Aadit Palicha's LinkedIn post last week.
20.03 / 17:37
Citi Progressive Election stage country Olympics Sporting India submits bid to host 2030 CWG: Sports ministry source
sports ministry source told PTI on Thursday, confirming a move that has been in the making for several weeks. The last date to submit the 'Expression of Interest' to host the Games is March 31 and India's letter was sent by the Indian Olympic Association (IOA) a few days ago. «Yes, it is true, India's bid has been submitted by the IOA and the state of Gujarat,» the ministry source stated. Ahmedabad, the city that has been finalised to organise the 2030 CWG should the event come to India, is also the front-runner to be the Olympic host if the 2036 bid is successful. The Commonwealth Games Federation (CGF), which has re-branded itself as Commonwealth Sport will now lead evaluation process and the final appointment of the host will be decided by the CGF General Assembly. The decision to submit the bid comes after sports minister Mansukh Mandaviya recently asserted that the country was interested in hosting the Games.
20.03 / 17:37
markets UPS Citi Provident Manufacturing Research Hero MotoCorp to invest up to Rs 525 crore in Euler Motors for 32.5% stake
Hero MotoCorp has announced a strategic investment of up to Rs 525 crore in three-wheeled electric commercial vehicle maker Euler Motors. The investment, to be made in one or more tranches, will give Hero MotoCorp a 32.5% stake in Euler Motors on a fully diluted basis, according to a stock exchange filing on Thursday. “Our strategic investment in Euler is a bold step towards realising our vision to «Be the Future of Mobility.» This investment reinforces our commitment to accelerated growth through both organic and inorganic expansion while highlighting the power of collaboration and adaptability in an ever-evolving market," said Pawan Munjal, executive chairman, Hero MotoCorp.
20.03 / 07:29
COST Citi security wellness Bill Cycling peace Bengaluru techie gets a life lesson from Rs 5,000 crore man after he says Rs 18 lakh LPA is not enough
Thyrocare founder, whose net worth is estimated to be over Rs 5,000 crore, shared the news of a Bengaluru-based engineer, who was earning over Rs 1.5 lakh per month, but was struggling to pay bills and sustain his daily. Sharing the news, the business tycoon wrote, “If not frugal, life will be highly fragile. Success is not how much you earn. It is how little you need.”
20.03 / 07:29
markets Citi electronic travelers Department Traffic International Delhi residents to get AC e-buses to Noida International Airport
Delhi Transport minister Pankaj Kumar Singh said the e-bus service will operate from Sarai Rohilla, Anand Vihar and Kamla Market. However, the frequency and the routes will be decided later, a senior official told TOI. «The buses will not drop passengers at a location near the airport, but will go to the airport terminal,» he added. Currently, Delhi Transport Corporation (DTC) operates bus services to Indira Gandhi International (IGI) Airport. It also maintains bus services between Delhi and Noida across 12 routes, extending to Noida Electronic City. Initially, the buses will be introduced on a trail run to assess daily passenger traffic. More buses will be added after a few months of evaluation. Women can travel for free with ‘pink passes' while men may face a modest fare increase.
20.03 / 07:01
COST Citi Digital Mobile innovations Features "India eyes single-digit logistics costs to rival China & US," says Nitin Gadkari
Nitin Gadkari, Minister for Road Transport & Highways emphasized the nation's commitment to reducing logistics costs from the current 14-16 per cent to single digits, positioning India to compete effectively with global economic powerhouses like China and the US, at 32nd Convergence India & 10th Smart Cities India Expo. This year's expo features advancements in 5G & 6G, Artificial Intelligence (AI), Big Data, IoT, Cybersecurity, Augmented & Virtual Reality (AR/VR), Embedded Tech, Fintech, Urban Mobility, and Smart City Solutions. Attendees will also have access to the latest developments in Digital Gaming, Mobile Devices & Accessories, OTT Platforms, Security & Surveillance, E-commerce, Mobile Apps, Drone Technology, and more.
20.03 / 06:47
Citi Booking MakeMyTrip travelers recommendations Features Destinations MakeMyTrip launches AI-powered ‘Collections’ feature for personalised hotel suggestions
MakeMyTrip has unveiled a new AI-powered feature called ‘Collections’ aimed at making hotel and homestay discovery more personalised. ‘Collections’ is designed to tackle the challenge of finding the a stay among 86,000 domestic accommodations across 2,000+ cities by leveraging Generative AI and deep traveller insights to categorise accommodations into curated themes, the company said in a press release on Thursday. “The feature is already live across 30+ major leisure and pilgrimage destinations, and we are rapidly expanding it to more cities, ensuring that travellers find accommodation options truly personalized to their needs,” said Abhishek Logani, Chief Business Officer – Hotels at MakeMyTrip.
20.03 / 05:37
markets UPS Citi Provident Hyundai Want to buy a premium hatchback? Here's how much you'll have to wait for every hatchback
Upcoming cars in India)Maruti Suzuki offers the Baleno while facing competition from Hyundai's i20 and the i20 N Line. Tata Motors presents the Altroz and its sportier variant the Altroz Racer.
20.03 / 04:25
Citi Man Action social Videos Investigations peace Delhi: 3 men deface signboard of 'Akbar Road', paste Maharana Pratap's posters over it
The men sprayed black paint on the signboard and pasted Maharana Pratap's posters over it, while raising slogans of «Jai Bhavani.» They also demanded the police to take action against the people who allegedly vandalized the statue of Maharana Pratap at the Kashmere Gate ISBT. «India will not tolerate the insult of Maharana Pratap. The police administration and the Delhi government are trying to suppress the incident that happened at ISBT Kashmiri Gate. Those who are guilty should be arrested, and immediate action should be taken against them,» Amit Rathore, one of the man said. Another man, Vijay said that they are continuously removing the signboards of invaders like Akbar, Babur and Humayun.
20.03 / 02:57
UPS Citi Southern War reports Air raid sirens sound in Israel after a missile attack from Yemen
Yemen early Thursday. In Jerusalem, several explosions were heard shortly after the sirens sounded. There were no immediate reports of injuries. Yemen's Houthi group this week resumed missile attacks following the collapse of Israel's ceasefire with Hamas. Police also reported sirens in central Israel in the 4 a.m. attack. The MADA rescue service says it has received no reports of injuries. Israel said Wednesday its troops retook part of a corridor that bisects Gaza, and its defense minister warned that attacks would intensify until Hamas frees dozens of hostages and gives up control of the territory.
20.03 / 01:01
UPS Citi Provident Healthcare country hospital patient Narayana Health, VC firm W Health Ventures to launch cancer care clinics
Subscribe to enjoy similar stories. Narayana Health is ramping up its oncology offerings with a new chain of cancer care centres, taking the treatment to patients and keeping them out of hospitals as the disease burden rises in India.
19.03 / 18:15
Citi Booking President DAL Courts Nagpur violence: Eight VHP and Bajrang Dal activists surrender, released on bail
religious sentiments and illegal protest that triggered violence two days back, a senior officer said. The accused were produced in court, which granted them bail. The accused have been identified as Amol Thakre, Mantri, VHP, Nagpur city; Lakhan Kuril, Goraksha Pramukh, Vidarbha Prant; Mukesh Barapatre, President of Central Nagpur, VHP; Rishabh Arkhel, Co-convenor of Bajrang Dal, Vidarbha; Shubham Arkhel, Co-convenor of Bajrang Dal, Nagpur City; Sushil Chaurasiya, VHP worker; Ramacharan Dubey, and Kamal Haryani, Convenor of Bajrang Dal, Nagpur City. They were booked by Kotwali Police for hurting religious sentiments by organising a protest in Napur city on Monday for the removal of Mughal emperor Aurangzeb's tomb, situated in Chhatrapati Sambhajinagar district. A case of hurting religious sentiments was also registered at Ganeshpeth police station against Govind Shende, VHP's secretary in-charge of Maharashtra and Goa and others. He is not arrested yet. The eight accused surrendered at Kotwali police station in the afternoon, following which police produced them in the court, the officer said.
19.03 / 16:57
Citi BLOCK Opinion Research Experts reports recommendations Goldman Sachs offloads Rs 28 crore worth stake in Mahindra Lifespace through block deal
Mahindra Lifespace Developers on Wednesday by selling over 8.45 lakh shares via a block deal. The shares were sold at a price of Rs 330.31 per share taking the share sale value to approximately Rs 28 crore. Goldman Sachs held 22,97,645 shares representing 1.48% equity in the company as on December 31, 2024.
19.03 / 16:51
Citi Provident Strategy SPY War track JFK declassified files: Did the Trump administration expose CIA’s top-secret espionage tactics in the name of ‘transparency’?
Trump administration’s decision to declassify thousands of documents related to the assassination of John F. Kennedy was meant to bring long-awaited transparency. Instead, it may have unintentionally exposed something else—the CIA’s covert surveillance tactics and espionage strategies during the Cold War. While conspiracy theorists were hoping for definitive answers about whether assassin Lee Harvey Oswald acted alone or was part of a larger plot, the real bombshells lie in the documents detailing how the CIA spied on Soviet and Cuban embassies, recruited double agents, and tapped phone lines in foreign countries.
19.03 / 15:15
Citi Waters Align Sustainability Healthcare cover Destinations Telangana budget 2025: A boon for real estate with focus on infrastructure and affordable housing
With a focus on infrastructure development, affordable housing, and sustainable urban initiatives, the budget positions the city for robust growth. Key projects announced include the Future City initiative, which covers 765 sq km and aims to transform Hyderabad into a global hub for high-value industries. This plan includes specialized zones like AI City and Pharma Hub, which are projected to significantly boost office space absorption as multinational corporations and high-value industries set up operations. As India’s first Net Zero urban development, Future City aligns with global sustainability goals, enhancing Hyderabad’s appeal to international investors and strengthening its position in the commercial real estate sector.

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