Citi Financial News

New York City retirement plans reached an agreement with Royal Bank of Canada for the lender to disclose how much financing it provides for clean-energy projects relative to fossil fuels.

software companies, has a persistent hardware problem: poor infrastructure. It has become notorious for traffic jams and floods. Last month, it suffered another reputational problem when it began running short of water. Many people even started thinking of leaving the city as water wasn't enough for taking showers or using toilets. Bengaluru's condition is only going to worsen. Extremely hot weather in future is going to compound its water problem, creating a crisis for its tech businesses. It is home to $245 billion IT industry. Scorchers ahead

Mint explains what to expect this fiscal: Land deals were down to a trickle before the pandemic in 2020, when the residential sector witnessed a prolonged slowdown. Since 2021, transactions have seen a steady rise, reaching a peak in 2023, mainly led by the residential sector, warehousing and logistics. The spurt in home sales led to more liquidity among developers, who are building a supply pipeline by investing in acquisition of land across the top tier cities.

Arvind Kejriwal on Thursday moved a city court urging it to allow him to spend more time with his lawyer in order to prepare for cases pending against him in several parts of the country. Kejriwal moved the application claiming that two meetings every week with his lawyer, as permitted by the court, was not sufficient since he was facing multiple cases in various states and needed more time for consultation. The AAP leader urged the court to increase the number of meetings to five per week. The application is likely to come up for hearing before special judge for ED cases Kaveri Baweja on Friday.

office demand in the IT city remained flat at 3.5 million square feet, a report by Knight Frank has said. Sales Decline in Affordable Segment “The less than ₹50 lakh housing segment saw sales decline by almost 65% to 70% in the first quarter of 2024 which has brought down the overall numbers. The sales in the ₹50 lakh- ₹1 crore residential segment has dipped by 7 percent. This is primarily on account of the affordability challenges faced by buyers of this segment. This may be a temporary blip,” said Vivek Rathi, head of research at Knight Frank India, at the launch of the Knight Frank titled India Real Estate: Office and Residential Report (January — March 2024).

SIBUR, Russia’s largest producer of plastics and rubbers, is collaborating with Indian businesses to process plastic waste. At the end of last year, EcoPartners, co-founded by the Indian entrepreneur Gaurav Sood, opened the largest plant in Russia for recycling plastic packaging waste. The plant has been gradually ramping up to its full capacity of 40 thousand tons per year. Called Total Cycle, the plantis located in the Tver region, which is between Moscow and St Petersburg – two major Russian cities that produce a large volume of waste. Total Cycle processes plastic packaging waste into secondary raw materials, including PET flakes.

CAIRNS, Australia—Standing on the bridge of a 270-foot U.S. Coast Guard cutter, Lt. Channing Meyer listed the recent upgrades to the 40-year-old ship.

India slipped to their lowest level since early February this week, pressured by sluggish demand, while Thai rates declined for the fourth consecutive week due to a weaker baht. Top exporter India's 5% broken parboiled variety was quoted at $540-$548 per ton this week, down from last week's $550-$558. Prices hit a record high of $560 last month after customs officials changed the calculation method for the 20% export duty, resulting in a higher levy. Demand from Asian buyers was subdued, which brought down prices from the last month's highs, said Himanshu Agarwal, executive director at Satyam Balajee, a leading exporter.

Punjabi music sensation Diljit Dosanjh recently opened up on a rather stressful episode from his childhood and his complicated equation with his parents. In an interview with YouTuber Ranveer Allahbadia aka Beer Biceps, the ‘Born To Shine’ hitmaker revealed his bond with his parents Sukhwinder Kaur and Balbir Singh Dosanjh. In the podcast with Beer Biceps, the ‘Good Newwz’ star said that his parents sent him away with a relative without consulting as they wanted him to have a better life. “I was eleven years old when I left my home and started living with my mamaji (maternal uncle). I came to the city leaving my village behind. I shifted to Ludhiana. He said ‘send him to the city with me’ and my parents said ‘Yes, take him.’ My parents did not even ask me..” he told Allahabadia. Dosanjh said that since the digital revolution had still not taken place, mobile phones were not prevalent and as he did not have money, he couldn’t call his family on a daily basis. “I used to stay alone in a small room. I used to just go to school and come back, there wasn’t any TV. I had a lot of time. Also, we didn’t have mobile phones back then, even if I had to call home or receive a call from my parents, it cost us money. So I started becoming distant from my family,” he reflected.

Quality Care, one among India's largest hospital chains backed by private equity (PE) investors Blackstone and TPG, on Thursday announced two key appointments to its leadership to drive the hospital platform’s rapid growth in South Asia. It named Dr Hari Prasad, as Group chairman & non-executive director and Varun Khanna as the Group managing director Prasad, with over 30 years of experience, was most recently the president of Apollo Group Hospitals, where he played a pivotal role in shaping the journey of Apollo Hospitals having overseen the growth from 1,200 beds to 10,000 beds. He also serves as the executive chairman of Society for Emergency Medicine, India. He has been honored with a Fellowship by Royal College of Emergency Medicine, UK and International Federation of Emergency Medicine. He has helped establish Apollo Health City in Hyderabad, Asia’s first operational health city.

Canadian regulators should rethink capital requirements imposed on the country’s largest financial institutions if banks in the United States and Europe are not forced to follow through with the strict final stages of the international risk management regime put in place following the 2008 financial crisis, the head of Canada’s largest bank says.

Fox News chief national security correspondent Jennifer Griffin has the latest on the cleanup effort following the Francis Scott Key Bridge collapse on ‘The Claman Countdown.’

IHCL) has partnered with Merlin Group to open a new resort near Joka on Diamond Harbour Road, Kolkata. IBIZA – an IHCL SeleQtions will have 130 keys, including eight suites, spread over 11 acres in Kriparampur, a popular tourist destination. The property will also boast a 5,400 sq. ft. ballroom, conference halls, pre-function areas, meeting rooms and scenic outdoor venues. “The existing resort will be refurbished and expanded under a new brand, with plans to open in October 2025. A total investment of Rs 60 crore will be infused for the planned expansion,” said Sushil Mohta, Chairman of Merlin Group, hinting the company may look at more assets with IHCL.

which looks at housing trends across the country, found that it has never been as expensive to own a home anytime, anywhere in Canada as it was in Vancouver in the last quarter of 2023.The report stated that Vancouver is in a “full-blown crisis.”“At a staggering 106.4 per cent, the share of a median income needed to cover ownership costs means that only a select few high-income earners can afford to buy—or that considerable wealth must be amassed (or received) to put down towards a purchase,” the report states.“This significantly narrows the potential pool of buyers in the market, keeping activity soft and prices flat recently.

Taiwan on Wednesday morning. Around 42 workers on their way to a hotel in a national park went missing in the rubble, Reuters reported. Here are top 10 updates on Taiwan earthquake, 1) Two Indians — a man and a woman — have been reported missing after the earthquake.

BEIJING — China's real estate troubles are likely far from over and industry problems need to be addressed quickly if overall GDP growth is to pick up significantly, according to a report released Thursday by global investment firm KKR.

Ajit Doval on Wednesday met with his Russian counterpart Nikolay Patrushev and discussed measures to strengthen counter-terror cooperation. A special focus will be on the Afg-Pak and Eurasian region in the backdrop of the recent terror strike in the Moscow region that killed 144 people. The two NSAs, who met at the sidelines of Shanghai Cooperation Organisation in Kazakhstan, discussed countering terrorism both bilaterally and in multilateral formats, and emphasised on regular exchange of information about terrorist and extremist elements, sources told ET. Doval strongly condemned the «barbaric» terrorist attack at the Crocus City Hall in Moscow on March 22 and expressed condolences to the families who lost their loved ones.

Mumbai: Homegrown Care Ratings Ltd plans to start its sovereign debt ratings service with countries in Asia and Africa, followed by Europe in the long term, a top executive said. The agency, which is creating a subsidiary in GIFT City for the purpose, will start with countries where it already has some presence, such as Nepal, Mauritius and South Africa. The board of Care Ratings last month approved setting up CareEdge Global IFSC Ltd for the purpose, managing director and group chief executive of CareEdge—a group level brand identity—Mehul Pandya said in an interview.

Mentha Oil Rate Today gains 0.11% on Apr 2 2024 3:50PM “Gold rises to yet record high above $2,280 per ounce in the overseas futures and ₹69,487 per 10gm on MCX futures. Technically, we have already seen a rally of nearly 10% in the past 5-weeks, now we expect some profit-booking," said Pranav Mer, VP - Research (Commodity & Currency) BlinkX and JM Financial. Two Federal Reserve policymakers expressed their belief on Tuesday that it would be "reasonable" to implement three interest rate cuts in the U.S.

sangeet ceremonyends with Pannu and Boe hugging each other. The couple then bows to the guests present at the event.A post shared by HT City (@htcity) In another video, Taapsee can be seen dancing with her sister Shagun Pannu. Both the sisters danced to the iconic song ‘Le Gayi’ from the movie Dil To Pagal Hai (1997).

Vodafone Idea (Vi) Wednesday said its board will meet on April 6 to consider raising funds via a preferential share issue. The move comes after the cash-strapped telco's shareholders cleared a proposal to raise ₹20,000 crore through equity and equity-linked instruments, a move that would give a much needed lifeline to the cash-strapped telco. The meeting «is scheduled to be held on Saturday, 6th April 2024, inter-alia, to consider proposal for issuance of equity shares and/or convertible securities on a preferential basis,» Vi said in an exchange filing.