Citi Financial News

initial public offering (IPO) up to $750 million, three people aware of the development said. The company, which competes with Mukesh Ambani's Reliance Retail, Tata Group's Trent and grocery giant Avenue Supermarts, is expected to make its IPO filing by the end of the year, the people said on condition of anonymity. Vishal Mega Mart is owned by Switzerland’s Partners Group and India’s Kedaara Capital.

₹1.36 lakh for multiple traffic violations, much more than what her Honda Activa scooter is worth, The Times of India reported on April 17. The woman was fined for 270 traffic violations. She was observed riding without a helmet, sometimes on the wrong side of the road.

₹450 crore of debt financing from Edelweiss Alternative Asset Advisors Limited, the asset management arm of financial services firm Edelweiss Group, a top company executive said. The Bengaluru-based developer will use around 40% of the funds to buy a 72-acre land parcel for a plotted residential project near the international airport at Devanahalli in north Bengaluru. It will use the rest of the money to repay existing debt and as working capital for new and existing projects.

workforce in global capability centres (GCCs) is expected to increase to 35% by 2027 from 25% now, according to a new report by tech staffing and solutions provider TeamLease Digital. The report, titled ‘Women at the Heart of India’s Digital Evolution, explores aspects of the total female tech workforce in India, women’s employment in GCCs and in non-tech sectors, city-wise trends of women workforce expansion, in-demand and futuristic tech roles for women, and challenges faced by women in tech.

Dubai International Airport, one of the busiest airports globally. Meteorological reports indicate that Dubai received about 20 millimeters of rain late Monday, with the storm intensifying on Tuesday morning. By the end of the day, the city had accumulated over 142 millimeters of rain, surpassing its average annual rainfall of 94.7 millimeters.

Arvind Kejriwal, in jail in connection with the liquor policy case, on Tuesday alleging AAP minister Atishi was using the death of a woman in a fight over fetching water for «narrow political goals». Atishi dismissed the charge in a letter addressed to the Lt Governor and termed his missive «unfortunate» and «may be intended for optics». Saxena's letter was in response to a letter by Atishi wherein she sought suspension of the CEO of Delhi Jal Board over the murder case. «It has become habitual on the part of your ministers to blame officers for their own fault,» he wrote, stressing he had to write the open letter as «direct communication with you in present circumstances is not possible». He also accused the AAP government of deceiving the people by «creating a chimera of free water». «Instead of fixing the iniquitous water supply, you and your ministers created a chimera of free water. Deception of people has been mastered into an art form by you and your minister,» he said.

Bangalore, Ajit Isaac — the Managing Director of Quess Corp — has purchased a 10,000 square feet plot in Koramangala 3rd block, also referred to as billionaire street, for Rs 67.5 Crore. This amounts to a per square feet price of Rs 70,300, setting a new benchmark for the Bangalore property market. “The deal was closed last week and the property belonged to Arvind Reddy and Geeta Reddy. The last deal closed in this locality was clinched at around Rs 68,000 per sqft by TVS motor,” said people aware of the development.

₹70 crore from Z3Partners as part of an extended Series D round, the company said on Tuesday. In January, Wow! Momo had secured ₹410 crore in Series D funding, led by Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia, and existing investor OAKS Asset Management, at a post-money valuation of nearly ₹2,460 crore. “This investment, which marks a continuation of the last round, is a primary investment by Z3Partners, an early-growth tech and digital investor," Wow! Momo said in a statement.

https://www.rbi.org.in/. The bank categorises bank holidays into three groups— holidays under the Negotiable Instruments Act, holidays under the Negotiable Instruments Act, and Real-Time Gross Settlement Holidays. Ram Navami, one of the major Hindu festivals, commemorates Lord Rama's birth anniversary and is observed as a bank holiday in most states of the country.

Weather update today: IMD issues heatwave alert in THESE states. Check forecast In central Iowa, a barn was demolished and other buildings were damaged after a tornado touched down in a rural area of Dallas County. The weather service also reported ping pong ball-sized hail in Bloomfield, just north of the Missouri line.

As Citi extracts 20,000 jobs, people there are leaving. Some of those people are in revenue-generating sales and trading roles, even though the bank says it's mostly about extracting deadweight from its bureaucracy. 

The countdown is on at Citigroup. In less than two months' time, Vis Raghavan, whom JPMorgan had only recently promoted as head of its investment bank, is joining Citi as head of all banking. 

Following on from Citi and JPMorgan, Goldman Sachs today announced its first quarter results. They're pretty good. As the chart below shows, Goldman outperformed its rivals in M&A and equities and fixed incomesales and trading, even if it lagged a little in equity and debt capital markets. 

Grand Theft Auto is one such franchise of Rockstar Games, whose amazement never ceases to exist in the gaming community, most importantly due to the massive success of GTA from the start that included editions like GTA Vice City, San Andreas, Liberty City, GTA 4, and the last launched GTA 5, which has tasted a good amount of success in the gaming community, with the game being one of the most streamed by gamers online.

A Tornado Watch has now included the names of areas like Kansas City, Des Moines, Missouri, Iowa, along with other regions in the Midwest that may see the wrath of tornadoes or ensuing storms.

Travis Kelce, the Kansas City Chiefs tight end, is stepping into a new role as the host of a spin-off of the popular game show 'Are You Smarter Than a 5th Grader?' The show, titled 'Are You Smarter Than a Celebrity?' will feature adult contestants answering 6th-grade level questions with the assistance of celebrities. New Opportunity

Gold prices likely to go up to $3,000 an ounce: Citi Report Additionally, Monday's data revealed that U.S. retail sales had surpassed expectations for March. Concurrently, 10-year Treasury yields had risen for the second consecutive day, diminishing the attractiveness of non-yielding bullion.

ALSO READ: Bank holiday on Ram Navami 2024: Are banks closed on April 17? Check the full list of cities here 1) May this Ram Navami bring all the goodness and peace into your life. Enjoy this holy occasion with family and friends! 2) On this auspicious day of Ram Navami, may Lord Ram bless you with happiness, and prosperity, and illuminate your path towards success. 3) Let the joyous spirit of Ram Navami brighten your days ahead.

The U.S. Supreme Court has denied a petition by MyPillow founder and election denier Mike Lindell to consider his challenge to the legality of the FBI’s seizure of his cellphone at a Minnesota restaurant drive-through

Home values in Detroit have increased by billions of dollars in the years following the city’s exit from the largest municipal bankruptcy in U.S. history

Real Madrid will travel to Manchester City to play UEFA Champions League Second Leg Quarterfinals on Wednesday. First leg was a blockbuster between Spanish and English giants both are favourites to bag domestic silverware. Manchester City versus Real Madrid Champions League match will kick off at 3 pm (ET) on Wednesday, April 17. The soccer match between Real Madrid and Manchester City will be live streamed on Paramount+.