Citi Financial News

The Mountains Are High. By Alec Ash. Scribe; 272 pages; £16.99 In January 2020 Alec Ash, an English writer living in Beijing, arrived in the small mountain town of Dali in south-western China.

A $12 billion high-speed passenger train line between Las Vegas and the Los Angeles area has started construction

rain and that the temperature in Delhi is predicted to stay around 38 degrees Celsius for the next two to three days. Eastern India may see temperatures as high as 44 degrees Celsius during the next four to five days, according to IMD Senior Scientist Dr. Naresh Kumar, who was speaking to ANI. According to Naresh Kumar, senior scientist at IMD, Delhi, a heatwave is currently occurring in East India and is predicted to persist in some States over the next four to five days.

Iran's supreme leader on Sunday dismissed any discussion of whether Tehran's unprecedented drone-and-missile attack on Israel hit anything there, a tacit acknowledgment that despite launching a massive assault, few projectiles actually made through to their targets. Ayatollah Ali Khamenei's comments before senior military leaders didn't not touch on the apparent Israeli retaliatory strike Friday on the central city of Isfahan, even though air defenses opened fire and Iran grounded commercial flights across much of the country. Analysts believe both Iran and Israel, regional archrivals locked in a shadow war for years, are trying to dial back tensions following a series of escalatory attacks between them as Israel's war on Hamas in the Gaza Strip rages on and inflames the wider region.

water crisis and its impact on tech corridors must come as a warning to Bengaluru to improve its infrastructure, MV Rajeev Gowda, a former IIMB professor contesting polls from Bengaluru North as Congress candidate, told ET. “If we don't create and maintain a healthy ecosystem where industries can flourish, other states may lure them away,” he said, referring to Kerala wooing investors from tech giants in Bengaluru to consider the coastal state for investments, promising plenty of water and other facilities. Gowda (60), son of former Assembly Speaker MV Venkatappa, will be facing off against BJP MP & Union MoS Shobha Karandlaje in a high-stakes battle in the 33 lakh-voters strong constituency on Friday. Entering the electoral fray for the first time, he is also the vice-chairman of the State Institute for Transformation of Karnataka (SITK), the state-own version of Niti Aayog, and has worked on metro-feeder buses in the city.

neet.ntaonline.in when the NTA makes it public. Candidates should note that they will need their application number, date of birth (DOB), and security pin to download the exam city slip. The NEET city intimation slip is a document mentioning the exam city of aspirants.

CALGARY — At Calgary’s Centre for Newcomers, where Kelly Ernst is chief program officer, staff have been — in Ernst’s words — “run off their feet.”

Spacetech startup Dhruva Space has raised $9.4 million (Rs 78 crore) in a mix of equity and debt from IAN Alpha Fund, Technology Development Board and other existing investors in its latest funding round. The capital infusion, of which Rs 44 crore was in debt, will help the Hyderabad-based startup set up its first phase of its 2.8 lakh sq ft spacecraft manufacturing facility in the city, founder and CEO Sanjay Nekkanti told ET.

movie screen expansion is deeply slanted towards Delhi NCR (National Capital Region), parts of Maharashtra, especially Mumbai, and cities like Bengaluru that have a tradition of multilingual viewing. On the other hand, states like Bihar, Uttar Pradesh, Odisha, Chhattisgarh, Madhya Pradesh and the northeast remain relatively screen dark. Because there are a fewer theatres in these states, films get only limited showcasing and returns are minimal.

land deals in 2023-24, cumulatively accounting for nearly 2,989 acres across the country, as residential segment continues to drive the Indian real estate market. Amid all-time high residential demand, several large and listed developers and other entities continued to snap up land. Other than residential, commercial, retail, industrial and logistics & warehousing are also driving prime land deals in key locations across India. «Interestingly, out of the total land deals in FY-24, over 83 deals for about 1,135 acres were closed in the top 7 cities alone», said Anuj Puri, chairman, Anarock group.

supermajority" in Parliament by winning over 60 seats in Sunday's crucial parliamentary election, seen as a litmus test for the pro-Beijing politician whose policies are being closely watched by both India and China amidst regional power dynamics. According to information released by the Elections Commission (EC), 207,693 people cast their ballots as of 5:00 pm local time, making for a voter turnout of 72.96 per cent. This includes 104,826 men and 102,867 women. A total of 284,663 people were eligible to vote to elect lawmakers for 93 constituencies in the 20th People's Majlis. A total of 368 candidates were in the fray, including 130 independent candidates, 10 candidates from Jumhoory Party (JP), 39 from The Democrats, Maldives Development Alliance (MDA) 4, Adhaalath Party (AP) 4, and Maldives National Party (MNP) 2 nominees.

Nithin Kamath, the founder of Zerodha, recently in a social media post drew attention to the Bengaluru water crisis, warning that with the likelihood of more frequent extreme weather events in the future, such crises may recur. Kamath, who is one of India's youngest billionaires, also said that wastewater holds potential as a solution to this problem. Bengaluru's freshwater demand stands at approximately 2632 million litres per day (MLD), while it generates around 2000 MLD of wastewater, said Zerodha's founder. Presently, centralized sewage treatment plants handle about 1300 MLD of this wastewater, repurposing it for agricultural use. However, approximately 3500 residential and commercial complexes have decentralized sewage treatment plants (STPs), yet nearly 80% of the excess water from these STPs goes to waste. This excess STP water is of low quality and has limited usability beyond basic purposes like flushing and gardening, he said. Kamath proposed that if this excess STP water could be effectively converted into high-quality water, it could potentially satisfy around 450-500 MLD of the city's water demand through decentralized treatment methods.

₹5 per order, Economic Times quoted the Gurugram-based firm's app as saying. According to the report, the platform fee has surged in cities like National Capital Region, Bengaluru, Mumbai, Hyderabad and Lucknow. Earlier on 1 January, the firm had last increased the platform fee for users from ₹3 to ₹4.

Baltimore's mayor and city council are calling for the owner and manager of the cargo ship that took down the Francis Scott Key Bridge to be held fully liable for the deadly collapse

Thousands of Colombians have taken to the streets in the latest rebuke of leftist President Gustavo Petro’s reform agenda

WeWork India has expanded its presence in India by adding two new assets across Pune and Gurugram spread over 1, 83,000 sq ft. The HQ27 located in Gurugram’s MG Road market, offers over 96,000+ sq. ft. of sace across three with over 1,480+ desks. The property ahs a 15 years lease agreement with WeWork.The Pune property is Situated within Pune’s largest mall complex — Amanora Mall, Amanora Crest offers over 87,000 sq. ft. of workspace with around 1,700 desks under operator model. “There has been a consistent uptick in office leasing, and flexible workspaces are leading the charge. As more organisations opt for hybrid work models, we expect the strong demand for flex spaces to continue rising. We are actively looking at adding new assets to our portfolio”, said Arnav S Gusain, Head of Real Estate, Product, and Procurement, WeWork India said.

A piece of shrapnel from a Russian missile hangs on the wall of Citigroup banker Alexander McWhorter’s office in Kyiv. He got it from a client whose factory was struck early in the war, a token of their long relationship and their plans to rebuild. Two years into the Ukrainian war, Citigroup is the only U.S.

New York lawmakers have approved a $237 billion state budget that includes plans to spur housing construction, combat unlicensed marijuana stores and address the migrant crisis

Creditors to Lavasa Corp invoked the ₹25-crore performance bank guarantee (PGB) by Darwin Platform Infrastructure (DPIL) earlier this month, citing non-compliance of the corporate insolvency resolution process (CIRP) timeline. This came nine months after the National Company Law Tribunal had approved the transaction. The invocation of the guarantee means that the monitoring committee to implement the plan has now been dissolved and the CIRP process has been halted, putting the decision on the future of the private hill town project back before the NCLT. «Lenders took a decision to invoke the guarantee because there was no movement on completion of the deal from Darwin. The upfront payment of ₹100 crore had to come within 90 days from NCLT order, which came in July, which is long overdue. Lead lender Union Bank has expressed its no confidence in the resolution applicant, so this was a logical move,» said a person familiar with the process.

The uber wealthy live a world apart and their investing strategies also look vastly different from the average investor's portfolio.

Premier League table with a 3-1 victory over Fulham at Craven Cottage on Sunday, thanks to goals from Trent Alexander-Arnold, Ryan Gravenberch and Diogo Jota. Liverpool trail Arsenal on goal difference with both on 74 points with five games remaining, however holders Manchester City, who are third on 73 points, have a game in hand. A week after Crystal Palace had dealt Liverpool's title hopes a crushing blow with a 1-0 defeat, Sunday's victory infused Juergen Klopp's men with renewed hope.