Citi Financial News

How do you run a democracy when the mercury rises above 40° Celsius? That’s the problem faced by voters in India. A swathe of the country’s east is sweltering under a brutal heatwave. The city centre of Kolkata has emptied out, schools have cancelled classes, and one TV presenter collapsed on air with heat stroke.

Hitachi Energy is looking to open more global capability centers in India to expand local operations, amid growing energy demand and a push to scale up renewable energy generation in the country. Zurich-based Hitachi Energy, which makes transformers and large-scale power transmitters, operates a GCC in the country, where high power demand has led to the government ramping up generation, including in renewable energy. «We are looking at Hyderabad for our GCC… and also looking at Pune. It might take six months to one year,» said Venu Nuguri, the managing director and CEO of the company's India unit.

startup LetsTransport has raised $22 million in a funding round led by Bertelsmann India Investments. The round also saw participation from Rebright Partners, NB Ventures, ALES Global, Stride Ventures, CAC Capital and others. The funds will be used for expanding market presence, scale adjacent business verticals and to achieve profitability.

₹15.65 crore net. Ali Abbas Zafar directorial film managed to amass ₹80 lakh net on Day 13, Tuesday, of its release, as per film industry tracker Sacnilk estimates. This marks a drop of 5.88 percent in its collection from the day before, April 22, when the film registered ₹85 lakh net.

New Jersey is incentivizing taxpayers who work from home for New York based employers to sue New York in court for taxing their wages

BEIJING — Chinese smartphone company Xiaomi's new electric vehicle is selling better than expected, putting it closer to break-even despite undercutting Tesla's Model 3 on price.

collapsed last month. The new channel will be 35 feet (12 meters) deep, which is a substantial increase over the three other temporary channels established in recent weeks. It puts the cleanup effort slightly ahead of schedule, as officials previously said they hoped to open a channel of that depth by the end of April.

HSBC is taking its ultra-high-net-worth ambitions to a new level as it plants a flag in the Big Apple.

Brian O'Neil recorded this video while taxiing at Boston Logan International Airport onboard JetBlue Flight 777 to Las Vegas Feb. 8, 2024.

credit demand during this period is not just limited to larger metros. Kanpur and Barabanki emerged among the top 10 cities by originations (value) in the December 2023 quarter, a quarter marked by festival spending, said a report by credit bureau CRIF Highmark. «The festive season remains a crucial driver for consumption-based lending in India, benefiting both lenders and borrowers” said Sanjeet Dawar, Managing Director, CRIF High Mark. “ What is interesting to note is that credit demand during this period is not just limited to larger geographies. Kanpur and Barabanki emerged among top 10 cities by Originations (value) in Q3 FY24. Cities beyond top 100 by Originations (value) dominated vehicle loans two-wheeler and auto loans as well as consumer durable loans during the last festive season Q3 FY24” Loans such as two-wheelers and consumer durables have seen an increasing share of BT100 cities from Q3 FY23 to Q3 FY24. Overall, the year-on-year growth rate in originations (value) during festive season increased for consumer durables and home loans in Q3 FY24 compared to Q3 FY23.

Rep. Buddy Carter, R-Ga., criticizes Biden's renewable energy and spending policies, as well as anti-Israel protests surging across esteemed college campuses.

Google is investing 600 million euros ($640.62 million) in a new data centre in the Dutch city of Groningen, it said on Tuesday, adding the investment will create 125 new jobs. Since 2014, Google has invested more than 3.8 billion in data centres and related digital infrastructure in the Netherlands.

₹5,069 crore. The revamp involves the daunting task of resettling an estimated million people. The ongoing survey, based on which home eligibility for the slum dwellers will be decided, is critical for the project’s future, and for that, the support of Dharavikars is key.

Dextrus, a leading name in the co-working space market, has announced its third facility at One BKC in Bandra Kurla Complex in Mumbai. The launch marks the third center of Dextrus in the city and the second center in BKC.

Tata Consumer Products on Tuesday posted its fiscal fourth quarter earnings with profit at Rs 267.71 crore, down 22.5 per cent on-year in comparison to Rs 345.58 crore during the fourth quarter of FY23, missing estimates. It posted revenue from operations at Rs 3926.94 crore for the quarter ended March 31, 2024, up 8.5 per cent as against Rs 3618.73 crore during the same period last year, with strong performance in India business, which grew 10 per cent. According to a CNBC TV18 poll, Tata Consumer Products was expected to report Q4 profit at Rs 315 crore and the revenue was estimated at Rs 3991 crore during the quarter in review.

For signs that the turbulent commercial real-estate market is beginning to stabilize, look at Blackstone’s largest real-estate fund, known as Breit. The firm was able to fulfill all investor redemption requests in February and March for the first time since late 2022, when a flurry of withdrawals compelled it to limit how much it could pay out. “We believe commercial real estate is at an inflection point, with real estate values bottoming," Blackstone said in an April letter to Breit shareholders, who are mostly individual investors.

It seemed to be a great deal at the time: Swap an aging townhouse and a small piece of farmland for five apartments and two stores. Bella Zhao’s family grabbed that offer in 2009, when property developers led by Wanda Group moved into their sparse, snow-capped village in China’s northeastern Jilin province. Wanda planned to spend $2.8 billion to turn the area into a high-end resort replete with ski slopes, golf courses, hunting spots and five-star hotels.

#ldnont ^cs pic.twitter.com/siT6uuzfnm— London Fire Department (@LdnOntFire) April 22, 2024The London Fire Department said multiple 911 calls came in from residents in the west end of the city at 10:49 p.m. The train continued travelling, heading eastbound to downtown, before coming to stop at Waterloo and Pall Mall streets.“At the height of the incident, we had about 28 firefighters and 10 apparatus on scene,” Shewell said.Crews focused on protecting the Drewlo Holdings building from smoke and fire damage and used about 250 litres of foam to get the fire down.By 12:30 a.m.

What is Blue Whale challenge?IT Ministry has decribed the Blue whale challenge game as “abetment to suicide." In this game, the participants are given 50 tasks to be completed in 50 days. The task given to players get challenging day by day.

Ukrainian and Western leaders have welcomed the passing of a desperately needed aid package for Ukraine by the U.S. House of Representatives

India’s tech hub Bengaluru has been grappling with an acute water crisis for the past few weeks. The city’s high concentration of major industries—beyond just tech—has set alarm bells ringing with temperatures set to shoot up further. While it’s not possible to track water usage at offices across the city, a similar exercise for listed companies headquartered in Karnataka’s capital revealed an 11% collective increase in consumption in 2022-23.