Citi Financial News

Venice is divided — not just by canals, but since Thursday 8.30 am after the city started charging visitors Rs 5 (about Rs 450) for entering it. Paying a toll to enter Venice is being tried out as a plan to control 'over-tourism'.

Cetera is sharpening its focus on growth and succession as it appoints a seasoned M&A veteran to its leadership.

Supporters of offshore wind energy projects in New Jersey and New York are trading blows with opponents in some shore towns who say vacationers and local residents don't want to see turbines filling the ocean horizon

NEW DELHI : Water level in India’s 150 major reservoirs fell to 30% of their total storage capacity, with eastern and southern India seeing levels depleting rapidly owing to severe heatwave. While 26 reservoirs have 50% of normal water storage capacity, the level in reservoirs of eastern and southern regions has dropped to as low as 39% and 17%, respectively, as per the bulletin released by the Central Water Commission on Thursday.

Job creation: During a press conference, Thackeray said the financial city, which he claimed was “moved to Gujarat", will be built in Mumbai. He said the move will enable employment opportunities in the state as people from the state then won’t have to migrate.

The fragile lagoon city of Venice has launched a pilot program to charge day-trippers a 5-euro or $5.35 entry fee that authorities hope will discourage visitors from arriving on peak days and make the city more livable for its dwindling residents

Noida and Greater Noida. Akin to poll discipline, certain institutions will remain closed throughout Noida, Greater Noida tomorrow.

Lohia Global, a business group with 44 years of global presence in sectors like exports, manufacturing, and energy, has announced its venture into the Indian real estate market with Lohia Worldspace.

A yellow legal pad with the words “Buy Bitcoin” written on it, famously displayed behind former United States Federal Reserve Chair Janet Yellen during a congressional hearing in 2017, has been sold at an auction for over $1 million, equivalent to 16 Bitcoin.

WASHINGTON—U.S. troops plan to start assembling a floating pier off the coast of northern Gaza as early as this weekend, American defense officials said, part of an effort by the Biden administration to get more aid into the besieged enclave ahead of Israel’s planned invasion of the city of Rafah. But US officials warned that they didn’t expect the pier to supplant deliveries across Gaza’s land borders, which the United Nations has said is the most efficient way to get humanitarian aid into the strip.

Provident Housing, a wholly-owned subsidiary of realty developer Puravankara has raised Rs 1,150 crore from HDFC Capital Advisors, the real estate private equity arm of HDFC Group, to support future growth and expansion plans. This strategic collaboration between the developer and India’s largest residential investment platform, is expected to lead to an addition of 6.2 million sq ft of new projects to the ongoing 14.8 million sq ft. This combined portfolio will hold a gross development value of Rs 17,100 crores, which will be delivered over the next five to six years.

Eldeco Infrastructure and Properties Limited (EIPL), a prominent player in North India’s real estate sector, and HDFC Capital Advisors Limited (one of the largest real estate fund managers in India) have announced the latest round of funding of Rs 350 crore towards their joint platform aimed at developing residential projects across India. With this funding, the platform size stands at Rs 850 crore, underscoring a resolute commitment to addressing the nation’s growing residential demand.

horses bolted during routine exercises near King Charles III’s main residence in London on Wednesday and ran loose through the centre of the city, injuring at least four people and colliding with vehicles during the morning rush hour.Chaos erupted when about seven horses from the Household Cavalry became spooked by noise caused by nearby construction workers while the animals were taking exercise in Belgravia, a swanky neighbourhood just to the west of Buckingham Palace, British media reported.The riderless horses galloped down main roads in central London, running into vehicles and stunning commuters as they headed to work. The horses were all captured shortly after and and are undergoing medical tests, officials said.Pictures and videos shared widely across social media showed two of the horses running at speed down Aldwych, in between London’s historic financial center and the busy West End theatre district.One of the horses had its front covered by what appeared to be blood or red paint.

With Vis Raghavan due to turn up at Citi in early June, there are growing suspicions that all sorts of people leaving JPMorgan are heading to Citi to join him.

It’s an unfortunate secret of the trading world that accounting for profitability is rathe more of an art than a science.  Trades happen as part of portfolios, they have funding costs and collateral requirements, and recognition of the P&L is only rarely a straightforward matter of selling the position and counting the cash.  There’s always scope for “Hollywood accounting”, under which the question of whether something made a load of money or barely broke even depends on who’s asking.

As Citi proceeds with its restructuring and 20,000 job cuts, all does not seem entirely well in the Malaga office where the US bank employs around 30 junior investment bankers who theoretically have a great life. 

Bank holiday tomorrow: The Lok Sabha Elections 2024 began with polling scheduled in seven phases from April 19 to June 1. The results will be announced on June 4.

B. Ramachandran now prefers living in the smaller cities than the major tech hubs of Bengaluru and Chennai. After the pandemic, the 47-year-old moved to Madurai, a temple town in the southern state of Tamil Nadu. He has no plans to leave his hometown, saying the chance to live with his ageing mother while working for New York-based technology services firm Genpact is a «blessing».

Delhi liquor policy. While the AAP has time and again alleged that a controversy was being hatched to “kill Arvind Kejriwal", the recent claims sprout after a alleged scuffle between two groups in Tihar jail.

Amritpal Singh will fight the Lok Sabha elections 2024 from Punjab's Khadoor Sahib seat, his counsel claimed on Wednesday. Currently, Amritpal Singh, who is also the chief of ‘Waris Punjab De’, a pro-Khalistan outfit, is lodged in Dibrugarh central jail, Assam, under the National Security Act. His father, Tarsem Singh refused to comment on the matter on Wednesday.

₹ ₹1,658.75 apiece on the BSE. RBI on Wednesday directed Kotak Mahindra Bank to cease onboarding new customers through its online and mobile banking channels and issuing fresh credit cards with immediate effect. The central bank has barred the private sector lender from new issuances due to deficiencies in the bank’s IT system in 2022 and 2023.