Citi Financial News

16.04 / 02:49
markets UPS Citi Reuters economy Nov show Dollar firms after hot retail sales, yen languishes; China data awaited
Market focus was also on the Chinese yuan, with a slew of top-tier economic data due out of China later in the Asian morning expected to show the world's second-largest economy slowed in the first quarter.
16.04 / 01:01
markets Citi Coca-Cola Enterprise PepsiCo Schools International B2B marketplace ProcMart bags $30 million in funding
ProcMart, an online business-to-business (B2B) marketplace specialising in supply chain solutions, has raised $30 million (about Rs 250 crore) in an equity funding round led by Infosys cofounder Nandan Nilekani’s venture fund Fundamentum Partnership and Edelweiss Discovery Fund. The round also saw participation from South Korea’s Paramark Ventures. The funds will be used for exploring strategic acquisitions for backward integration, enhancing client offerings, investing in talent acquisition and technology, and expanding presence in new markets within India and globally.
15.04 / 23:33
Citi Digital UK moves to experimentation phase of Regulated Liability Network
The UK RLN is envisaged as a common ‘platform for innovation’ across multiple forms of money, including existing commercial bank deposits and a shared ledger for tokenised commercial bank deposits. Barclays, Citi, HSBC, Lloyds, Mastercard, NatWest, Nationwide, Santander, Standard Chartered, Virgin Money and Visa are all taking part in the latest phase of the project, which will focus on several use cases: use cases:
15.04 / 18:23
Citi Election country reports Discrimination rights Amethi people want me to represent them, says Robert Vadra on contesting LS polls
Robert Vadra, the husband of Congress general secretary Priyanka Gandhi Vadra, Monday said the people of Amethi want him to represent them and the decision to become a candidate in the Lok Sabha polls will be taken at the right time. Vadra visited holy city Vrindavan in Uttar Pradesh and had a 'darshan' of Lord Banke Bihari. He saw Thakurji's 'Shringar Aarti' and said be it Ayodhya or Mathura, he looks at every place in the same way. The Congress is yet to declare its candidates either from Amethi or Raebareli, the two pocket boroughs of the Nehru-Gandhi family. There are speculations about Priyanka Gandhi's brother Rahul Gandhi contesting again from Amethi. Rahul Gandhi had lost the 2019 Lok Sabha elections to Union minister Smriti Irani, who has again been fielded by the BJP from the constituency.
15.04 / 18:07
Citi Action awards wellness Justice Department Courts Corruption or politics? SC weighs new bribery case as more clashes are brewing
WASHINGTON—The Supreme Court for years has been making it more challenging for prosecutors to bring corruption cases against public officials, guided by the belief that some of the dealmaking and fundraising in the political realm is unseemly but not illegal. A new batch of cases making their way through the courts shows that where to draw the line remains in flux. In New York, a U.S.
15.04 / 15:41
Citi Target Man rock hospital reports Updates Sydney news: Christian bishop, worshippers injured in mass stabbing; 15-year-old accused held | Top 7 updates
Hindustan Times. Meanwhile, the New South Wales police said that they have arrested a 15-year-old accused, adding an officer has been injured. They also added that several were vehicles damaged in unrest after church stabbing. According to details, reported by CNN, the incident took place during a Monday evening sermon at the Good Shepherd Church in Sydney's suburban city of Wakeley.
15.04 / 11:15
markets UPS Citi Manufacturing Research country reports Indian real estate sector to be worth USD 1.5 trn by 2034; 78 mn new homes needed in cities: Knight Frank-CII report
The Indian real estate sector will grow over three times to reach an estimated USD 1.5 trillion by 2034, constituting 10.5% of the total economic output by then, according to a joint report by Knight Frank India and CII.
15.04 / 11:15
markets UPS Citi Metro Southern Golf Destinations Southern Peripheral Road: A real estate hotspot in Gurugram
The thriving city of Gurugram is well known for its world-class infrastructure and modern amenities. Among the infrastructural projects, the Southern Peripheral Road has emerged as a hotbed, bringing a plethora of lucrative real estate opportunities. From Grade A office spaces and retail shops to mixed-use developments, the Southern Peripheral Road offers multiple investment avenues. Thus, the 16 km-long expressway in New Gurugram positions itself as an up-market location, attracting end-users and investors alike.
15.04 / 10:29
Citi MET Platform stage social Colleges Mangaluru roadshow memorable, Mysuru public meeting phenomenal: PM Modi
Narendra Modi described his roadshow last night in Mangaluru as «memorable», and his public meeting in Mysuru, during which he shared the stage with former prime minister H D Deve Gowda, as «phenomenal». During the public meeting on Sunday evening at Mysuru's Maharaja's College ground, Modi also met Arun Yogiraj, the sculptor of the Ram Lalla idol consecrated at Ram Mandir in Ayodhya. Pictures of him Yogiraj greeting the prime minister has gone viral on social media.
15.04 / 09:23
Citi Platform Metro Food cover travelers Schools NOT Reality Check: Even Rs 1.5 lakh+ salary not enough to cover family expenses in Indian metros? IITian's post goes viral
Kakani took to the platform X to share a breakdown of expenses for a family of four, emphasizing that the figure of Rs 20 lakh annually was devoid of any luxury expenses. His post, accompanied by a screenshot of an Excel sheet detailing monthly and yearly expenditures, quickly gained traction, garnering over 8.3 lakh views since its posting on April 14.
15.04 / 09:23
Citi Dash Tapestry show actress stars Interviews Ranveer Singh & Kriti Sanon offers prayers at Varanasi, walk the ramp at Namo Ghat
Ranveer Singh and Kriti Sanon and fashion designer Manish Malhotra were recently spotted in the holy city of Varanasi. They visited the Kashi Vishwanath temple to offer prayers, before walking the ramp for Malhotra on the banks of Varanasi. Both the stars were seen flaunting traditional wear at the Dashashwamedh Ghat. The ‘Crew’ actress looked glorious in a golden-coloured kurta and pajama, while the ‘Bajirao Mastani’ star looked like a million bucks in a pristine white khadi kurta. In an interview with ANI, Singh revealed that he was a devotee of Lord Shiva and had always wanted to visit the temple. “I cannot express in words the experience I have had today. Lifelong I have been a devotee of lord Shiva and I have come here for the first time. Next time I want to come here along with my mother.”
15.04 / 09:03
markets Citi Software trends performer reports Oil and gas sector witnesses 22% rise in job hiring in March this year: Report
What the vacant seats at TCS mean Artificial Intelligence continued to witness hiring momentum with a 12% rise in new job creation last month as per the report. The data scientist role also reported a 20% growth in hiring in March this year. The demand for senior-level professionals with experience of more than 16 years outpaces all other cohorts, clocking 11% growth year-on-year.
15.04 / 09:03
UPS Citi SUN cover reports Financial Is working from home about to spark a financial crisis?
Blackstone, an investment firm, bought for $605m in 2014—only to default on its mortgage in 2022. Soaring above Grand Central station is the iconic Helmsley building. Its mortgage was recently sent to “special servicing" (it may be restructured or its owner may simply default).
15.04 / 08:47
markets UPS Citi MET Tesla wellness Tesla scouting for its first India showroom locations in these cities
Tesla is looking at potential showroom locations in New Delhi and Mumbai ahead of plans to begin sales in India later this year, two people familiar with the discussions said. Tesla, which saw its global vehicle deliveries decline in the first quarter for the first time in nearly four years, is stepping up efforts to expand into new markets. It wants to begin with a showroom of 3,000 to 5,000 square feet (280-465 square metres) as well as a service hub in each city, said one of the people familiar with the plans.
15.04 / 08:33
UPS Citi FIVE wellness rock Could Modi 3.0 be strikingly different from Modi 2.0? Swaminathan Aiyar explains
Swaminathan Aiyar, Consulting Editor, ET Now, says “the emphasis is on more of the same. The thing is not to be different. The aim of the exercise is saying I am guaranteeing you that I have done so well for you. I am such a fantastic guy, the world looks up to me, I have improved India’s stature in the world, I have defended you against Pakistan, so I am such a great guy. I am giving you more of the same and I am giving my guarantee that I am more of the same. So, the emphasis really is more of the same, I would say, rather than saying how it is different.” Aiyar further says: “In four areas – education, employment, environment, and the police judicial system, major structural reforms are required, but they have not been attempted. And they have not been attempted because they are not easy areas to do. The attempts so far have not got very far. The BJP does not want to rock the boat at this particular point of time, even though it does have the political capital to do so. So, it is not attempting to do structural change in these four very important areas.”
15.04 / 08:33
markets Citi Sustainability show performer country Housing market continues to defy higher mortgage rates, property prices
mortgage rates and prices that are witnessing a steady uptrend. Top seven property markets of the country have registered total sales of 74,486 apartments during the quarter, which marks the second consecutive quarter where sales have exceeded 74,000 units, following the record-breaking performance with 75,591 apartments in the December quarter, showed data from JLL India. This sets a strong foundation for sustained growth in the residential market, surpassing the sales performance of 2023. Mumbai Metropolitan Region, Bengaluru, and Pune have driven the performance recording highest quarterly activity at 47,388 units or 64% of total sales.
15.04 / 03:29
Citi Ball wellness show cover cricket bowling MS Dhoni yesterday match: Watch Wankhede erupt as Mahi hits back-to-back 6s off Hardik Pandya in MI vs CSK IPL 2024
MS Dhoni yesterday match: In this IPLseason, fans of MS Dhoni have become used to watching him bat for only three to four balls per match. On April 14th, it was no different. With just four balls to go, Mumbai captain Hardik Pandya dismissed Daryl Mitchell.
15.04 / 03:29
Citi Action shooting Department gatherings Schools Investigations Chicago shooting kills 8-year-old girl, injured 10 others
shooting incident that took place on the city's South side when everybody was standing outside a family gathering on Saturday night, said police. The cop stated that an 8-year-old girl was fatally shot, while a 1-year-old and a 8-year-old boy were shot multiple times in what Chicago police believe was gang-related violence. Speaking to media persons, Department Deputy Chief Don Jerome said the shooting happened when the offenders fired at a crowd standing outside a family gathering around 9 pm on Saturday.
15.04 / 03:11
Citi Citizens Aware CEO Election information rights Paid holiday declared for voters on polling day in NCT of Delhi
Election Commission of India (ECI) Order, granting a paid holiday to employees on the day of polling in the NCT of Delhi under Section 135B of the RP Act 1951. The polling day in the NCT of Delhi is scheduled for May 25. As per the order, all eligible employees, be they public or private, who are voters in the NCT of Delhi are entitled to a paid holiday to exercise their democratic right to vote on the polling day. Besides, it is to state that voters of neighbouring cities Uttar Pradesh, Haryana and Rajasthan working in Delhi will also be given a paid holiday on the day of voting and vice versa for voters of Delhi working in neighbouring cities as per their polling dates, the office of the Chief Electoral Officer informed through a press release.
14.04 / 22:33
Citi wellness show track country Interviews Investigations Nearly 600 stolen cars from GTA seized from Montreal port
Between mid-December and the end of March, police inspected about 400 shipping containers at the Port of Montreal and found nearly 600 stolen vehicles, most of them from the Toronto area.The operation showed how Canada’s second-largest port has become a key transport hub for stolen vehicle exports. Police say that’s because of the port’s strategic location and large container volume.
14.04 / 20:51
Citi security Sustainability WhatsApp Arsenal Atalanta Liverpool loses 1-0 to Crystal Palace in damaging blow to Premier League title challenge
Palace damaged its Premier League title challenge on Sunday, three days after a 3-0 defeat to Atalanta at Anfield in the first leg of the Europa League quarterfinals. Eberechi Eze's 14th-minute goal for Palace consigned Liverpool to its first loss in the league at Anfield in 28 matches — stretching back to October 2022. It was the 21st time the Reds have gone behind in 32 league games this season and they couldn't recover, despite Wataru Endo hitting the crossbar midway through the first half and Darwin Nunez and Curtis Jones squandering golden chances in front of the Kop after the break. Liverpool started the weekend in second place, behind Arsenal on goal difference, but is now two points adrift of Manchester City after the champions' 5-1 thrashing of Luton on Saturday. Arsenal can regain the lead by beating Aston Villa later on Sunday.

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