Citi Financial News

Radisson Hotel Group currently has a hotel at every four hours of driving distance in India. The global hospitality chain targets to have a property at every two hours of driving distance, a senior official said. Radisson signed 21 new hotels in India last year, including signings for locations such as Jhansi and Sonipat. It now plans to sign about 30 hotels every year in the country for the next five years, said Elie Younes, executive vice president and global chief development officer at Radisson Hotel Group. The next five years are likely to see a record phase of expansion by global chains, including Marriott, Hilton, IHG and Wyndham, in India. CEOs, regional heads, and industry insiders say this is the most bullish they have ever been.

Arif Chaudhry, a prominent leader of the Joint Awami Action Committee's Mirpur chapter, held a press conference at the Mirpur Press Club on Tuesday, addressing the Pakistan aministration's disregard for the people of Pakistan-occupied Kashmir (POK). Chaudhry emphasised the lack of fulfilment of promised rights and resources for PoK residents, highlighting Mirpur's repeated sacrifices for Pakistan's benefit despite ongoing neglect and suppression.

Mumbai woman in her late 30s has become the talk of the town due to her distinctive requirements for a potential life partner. The buzz began when a social media post on platform X, shared by user Ambar, shed light on the woman's specific expectations. According to the post, the woman, who is employed in Mumbai, is on the lookout for a man with a property or a stable job/business in the city. She also seeks a partner from an educated family background, ideally a surgeon or a chartered accountant (CA). Furthermore, she stipulates that the man should have an annual income of at least one crore. The post quickly caught the attention of netizens, garnering over 5 lakh views since its dissemination. Many users engaged in discussions in the comments section, offering their perspectives on the matter.

In the City broker's latest UK M&A report, Charles Hall described the pace of «de-equitisation» in the market as «relentless», and said it was due to continue given the low valuations of UK companies.  The impact of the scale of de-equitisation was most evident in the FTSE SmallCap sector, Hall said, with the trend over the past five years showing a significant reduction in the number of companies.  London remains 'key destination' for IPOs From 160 companies at the end of 2018, this has been reduced to 114 by December 2023. Based on the current bids progressing, this will reduce t...

Vice Admiral Mark Hammond, Chief of the Royal Australian Navy, is on an official visit to India from April 2 to 6 to bolster bilateral maritime relations between the two nations. His visit includes key cities and prominent maritime regions across India. In New Delhi, Vice Admiral Hammond met with Admiral R Hari Kumar, Chief of the Naval Staff, to discuss increasing operational engagements, training exchanges, and information sharing. He paid tribute at the National War Memorial and received a Guard of Honour from the Indian Navy. He is also scheduled to meet with the Chief of Defence Staff, Chief of the Air Staff, and Defence Secretary during his stay. Vice Admiral Hammond's itinerary includes visits to Mumbai and Kochi, where he will meet with the respective Commanders-in-Chief and visit significant naval installations like INS Vikrant, Integrated Simulator Complex, and Naval Dockyard (Mumbai) and M/s MDL.

regional airline, has partnered with IBS Software to power its commercial operations. FLY91 aims to provide an air alternative to road and rail travel across underserved routes in India. IBS Software has created a reservation experience designed to deliver a simple, efficient and cost-effective experience, to attract and retain customers, a press release from the company said on Wednesday. «By implementing IBS Software's modern omni-channel iFly Res commerce platform, FLY91 will not only create a compelling user experience powered by the platform's rich set of APIs and flexible rules engine, but also deliver dynamic pricing. „These real-time dynamic and personalised pricing capabilities are a vital tool in delivering the most cost-effective fares and ensuring pricing is competitive with alternative modes of transport,“ IBS Software said in the release.

Limelight Lab Grown Diamonds has received a strategic investment of US$1 million from two leading retail jewellery chains. The newly raised capital comes in the form of a strategic alliance that will enable Limelight to open new stores and boost its brand presence in the country. Before this, the company had secured an investment from the Emerald Group, Asia's largest jewellery manufacturer, as part of a strategic tie-up to establish Limelight as a one-of-a-kind vertically integrated brand to jointly manufacture, sell and distribute LGD studded jewellery in India and worldwide. The current investment plays a similar role in the company's strategic play to enable faster and more robust growth in the brand's store expansion in the country. At present, the company has 10 stores. It also has 40 plus shop-in-shops spread across 25 cities including Mumbai, Delhi, Jaipur, Varanasi, Hyderabad, Bangalore, Chennai, Kolkata and others. Madhavan said «We have received good response and support for LGD jewellery from customers across the country. It has also reflected in our sales and has given us the confidence to scale at a faster pace. With the Government’s impetus and focus on this sunrise sector, the investment further propels us towards achieving the goal of scaling our presence in India as well as globally.»

Total Solar Eclipse on April 8: North America is set to witness a total solar eclipse next week on Monday (April 8). The cosmic event will start along Mexico's Pacific coast, journeying through Texas and 14 other US states before heading out over Canada, as per an AP report.

marrying a 12-year-old girl. Despite facing criticism, community leaders have defended the marriage, stating that outsiders fail to understand their customs and traditions. According to a report by BBC, the priest, named Nuumo Borketey Laweh Tsuru XXXIII, conducted the marriage in a customary ceremony held on Saturday.

earthquake off the coast Taiwan with a magnitude of 7.2 rocked the entire island on Wednesday morning, collapsing buildings in a southern city and creating a tsunami that washed ashore on southern Japanese islands.Taiwan television stations showed footage of some collapsed buildings in the lightly populated eastern city of Hualien, near the quake’s epicentre, and media reported some people were trapped. A five-story building appeared heavily damaged, collapsing its first floor and leaving the rest leaning at a 45-degree angle.In the capital, Taipei, tiles fell from older buildings and within some newer office complexes.

General Atlantic, the US based private equity major has acquired Ujala Cygnus, a leading hospital chain in Northern India with a network of 21 hospitals serving Tier-II and Tier-III cities, said a press statement. Though the financial details are not disclosed, the deal has valued the chain at Rs1600 crore, according to sources. General Atlantic is set to acquire about 70% stake in Ujala Cygnus Healthcare Services, valuing the chain at about Rs1600 crore, ET reported in December 2023.

suffocation after a fire broke out in a tailoring shop in Maharashtra's Chhatrapati Sambhajinagar city early Wednesday morning, a senior police official said. The incident took place at around 4 am in the shop located at Dana Bazar in Cantonment area. The tailoring shop and other commercial establishments were located on the ground floor of a building while people were residing on the upper floor, the official said. «The shop suddenly caught fire at around 4 am. The police came to know about the incident at 4.15 am. Following the fire, smoke entered the first floor where a family was residing above the shop. Seven casualties have occurred due to suffocation,» Police Commissioner Manoj Lohiya told reporters.

earthquake hit Taiwan's east coast, Reuters reported citing Taiwan's fire department on Wednesday. Meanwhile, a tsunami warning issued for Miyakojima and Okinawa islands in Japan following a powerful earthquake in Taiwan has been downgraded from a warning to an advisory, CNN reported citing Japan's Meteorological Agency.

Xiaomi on Thursday said it has received more than 100,000 orders for its first electric vehicle, the SU7, as it began deliveries. The first deliveries come from the first batch of 5,000 cars that the company has already produced. Xiaomi's SU7 — short for Speed Ultra 7 — enters a crowded China EV market with an attention-grabbing price tag — under $30,000 for the base model, cheaper than Tesla's Model 3 in China.

Nebraska lawmakers have advanced a bill that would raise the state’s sales tax by 1 cent to 6.5% on every taxable dollar spent

Okinawa. "Tsunami waves of up to 3 meters were expected to reach large areas of Japan's southwestern coast," according to the Japan Meteorological Agency, which put the quake magnitude at 7.5, as per Reuters report. Additionally, a powerful earthquake with a magnitude of 7.2 struck offshore Taiwan on the same day, shaking the capital city of Taipei and prompting tsunami warnings for the islands of southern Japan and the Philippines.

dog attack at a home in south Edmonton where the city said other attacks have occured this year.The Edmonton Police Service said the fatal attack happened Monday around 8 p.m., near 82nd Street and 11th Avenue SW in the Summerside area.When officers arrived, they found a “severely injured 11-year-old boy who had been attacked by two very large dogs.”They tried to save him, but the boy was declared dead.Edmonton police forensics investigators arrived at the house late Tuesday afternoon to begin their work processing the tragic scene.An area resident who Global News has agreed not to identify due to safety concerns said they’d complained to City of Edmonton bylaw several times about dogs at the home in question.“The city failed that little boy,” the neighbour said through tears, becoming emotional when talking about the complaints they said they and other neighbours had filed.“My initial reaction was the city failed the boy because they weren’t listening to our complaints.”The two dogs were seized by animal control peace officers, police said.The neighbour said they’ve been voicing concerns about the property to the city for over a decade, during which time the residence was home to different dogs.“That was the original complaints. I’m not sure when these dogs actually came to live in the house,” they said, explaining there were different breeds but wasn’t sure what kind.“Very strong, very big dogs.”“Last summer got really bad.

Comedian Joe Flaherty, a founding member of the Canadian sketch series SCTV, has died at the age of 82.

Lionel Messi's Inter Miami will take on Liga MX giants Monterrey in CONCACAF Champions Cup quarter-finals. The midweek match will not be a regular MLS game. The quest for the maiden regional silverware for Messi's side is on. Inter Miami vs Monterrey Concacaf Champions Cup match is scheduled to kick off at 8 pm ET at Chase Stadium in Fort Lauderdale, Florida, on Wednesday, April 3. Inter Miami vs Monterrey Concacaf Champions Cup quarter-finals will be live streamed on TUDN USA and Fox Sports 1.

Pep Guardiola insists Manchester City's experience of thriving under the pressure of a title race will not be the decisive factor in who wins the Premier League. Guardiola's men are aiming to become the first side to ever win four consecutive English top-flight titles and claim their sixth Premier League crown in seven seasons. However, City will have to come from behind in the final nine games of the campaign after a 0-0 draw at home to Arsenal on Sunday left them still in third.

The Tropicana Las Vegas has been a familiar landmark in a city known for constant reinvention since its grand opening in April 1957