Citi Financial News

China’s first generation of migrant workers played an integral role in the country's transformation from an impoverished nation to an economic powerhouse

Don't count on a favorite store being open on Easter Sunday

border villages with a mix of border troops and the local population, the official media here reported. China, which refers to Tibet by its Chinese name Xizang, in recent years as part of new nomenclature of all references to the Tibetan region celebrates March 28 as democratic reform day in the Himalayan region marking the end of the rule of the Dalai Lama, who fled to India in 1959. Chinese troops took over Tibet in 1951. «Last Thursday marked the 65th anniversary of the democratic reform that ended feudal serfdom in southwest China's Xizang Autonomous Region, with multiple grand celebrations and commemorative activities held across the region,» state-run Xinhua news agency reported.

wetlands, are natural. At COP28, though, the focus will be on oil-and-gas companies. Their methane emissions are seen as some of the lowest-hanging fruit, for three reasons.

LSG vs PBKS IPL 2024 Live Score: Lucknow Super Giants (LSG) will clash with Punjab Kings (PBKS) on March 30 at the Ekana Sports City in Lucknow. This will be Lucknow's second match in IPL 2024 while Punjab will play their third match.

The Remarkable Rise of Mumbai Real Estate," panellists shared a bullish outlook on the market's resurgence following a slowdown that spanned nearly seven years. "There are homebuyers in every segment today. People after COVID understand that real estate is the real money and the real investment.

Indian office market continues its positive trajectory, registering a net absorption of 11.5 mn sft across top 8 cities in Q1-24, according to Cushman & Wakefield’s Q1 office data. This is the third-highest level recorded in the last five years, demonstrating a robust appetite for office space among businesses. Net absorption is a barometer of real demand or expansion of occupied space in the market. While this quarter’s net absorption was 38% lower than the exceptional Q4-2023, it was a 44% increase over Q1 2023, indicating continued space occupation by businesses. Bengaluru and Mumbai emerged as the leading markets, absorbing 3.6 mn sft and 2.5 mn sft of space, respectively. They were followed by Hyderabad at 1.6 mn sft, Delhi-NCR at 1.5 mn sft Pune at 1.3 mnsf, Ahmedabad and Kolkata at 1 mn sft, and Chennai at .8 mn sft.

residential real estate market in India recorded robust growth in the first quarter of 2024, propelled by persistent high demand. The high-end and luxury segments made a substantial contribution to this growth, while the mid-segment retained its leadership position in terms of the sheer number of launches or shares, mentioned Cushman & Wakefield's Residential Marketbeat Report for Q1. The report indicates that the top 8 cities recorded a total of 69,000 unit launches, with Mumbai and Pune being the top contributors with 28% and 16% respectively. Hyderabad and Bangalore followed with 16% and 13%. Although the total launches declined by 7% from Q4 2023 at 74,344 units and 15% from Q1 2023 at 81,167 units, it still surpassed the average quarterly launches observed in 2022 at 67,960 units, indicating yet another positive year for the sector.

gold in the last one week has been -0.85% .whereas in the last month it has been -7.05%. The cost of silver is Rs.77800.0 per kg up by Rs.200.0 per kg. Gold Rate Today in Delhi is ₹69135.0/10 grams.

Alaska Airlines 737 MAX 9 passengers may be 'crime victims': FBI Biden's remarks came during a high-dollar campaign fundraiser at Radio City Music Hall. Boeing is under fire following relentless episodes of callousness pertaining to the safety of the passengers. Earlier this year, a door of a Boeing 737 Max 9 plane operated by Alaska Airlines blew out midair.

Suruchi Properties ₹450 crore debt from Edelweiss Special Situations Fund at 18-20%, continuing with the trend of big investments by private credit funds into the real estate sector. «Edelweiss has done two investments in the real estate side from its special situation fund ₹11,000 crore in the last week and is closing on with the next investment in a manufacturing company,» said a source. «They have invested ₹325 crore in Prateek and ₹450 crore in Suruchi Properties. Both the deals have happened at around 18-20% and Edelweiss has financed the completed, constructed and fully ready projects.»

President Joe Biden joked about being away from the plane doors manufactured by Boeing, a company recently plagued by mid-flight mishaps, the New York Post reported. «I don't sit by the door,» quipped the 81-year-old president, followed by a quick disclaimer, «I'm only kidding. I shouldn't joke about that.» His remarks came during a high-dollar campaign fundraiser at Radio City Music Hall.

Good Friday 2024 Bank holiday: Are banks open in your city today? There are 12 public sector banks, 20 private banks, and one foreign bank which are designated as agency banks by the RBI. The agency banks carry out Central government's work as well.

Piyush Goyal said Friday. The theme of the upcoming general election is Viksit Bharat with a focus on «nari shakti» and «bhrashtachar-mukt Bharat (women power and corruption-free India),» he added. India's growth will be based on the twin pillars of being inclusive and sustainable and the government wants to ensure that people are free from having to worry about the necessities of «roti, kapda aur makaan». «We believe that nobody should slip back into poverty. As people's basic needs are being met with free ration and other benefits, they should be free from the tension of daily needs,» Goyal said at a meeting with ET journalists. «We want an aspirational India, which can dream of big leaps and aspire for high quality of life.»

clean energy. GoI is reportedly planning to offer free PNG connections and consumption subsidies to poor households to help its wider adoption, following the Ujjwala scheme, which nudged the less well-off to use LPG instead of burning biomass. That's fine.

Mumbai plunged into darkness for a second consecutive day on late Friday evening following a snag, electricity officials said. The snag was caused at a 33 kilovolt (kv) feeder of city power discom Brihanmumbai Electric Supply and Transport (BEST) undertaking near Crawford Market, they said.

Russia is outgunning Ukrainian forces sixfold on the front lines, causing losses of troops and positions, Ukraine's recently appointed commander-in-chief Oleksandr Syrsky said in a rare interview published on Friday. «A few days ago, the enemy's advantage in terms of ammunition fired was about six to one,» Syrsky told the Ukrinform news agency. «The defence forces are now performing tasks along the entire vast front line, with little or no weapons and ammunition,» he warned, saying the situation was «tense» in some areas.

Kia India on Friday said it is planning to have around 700 sales and service touchpoints in 300 cities by the end of the year. The automaker, which sells models like Seltos and Sonet, has 522 such touchpoints across 236 cities. The company said it is focussed on strengthening its presence in Tier-1 and Tier-2 markets, contributing 40 per cent to its total network strength. Kia India is also focused on expanding its touchpoints in the Tier-4 and upcountry markets, it added.

Bengaluru IT companies to give WFH or work from home option as daily lives get impacted due to the water shortage. BWSSB Chairman V. Ram Prasath Manohar recently convened a virtual meeting with IT companies to address these apprehensions and discuss measures to mitigate the situation. Manohar emphasized BWSSB's commitment to ensuring sufficient water supply to IT firms, affirming that measures implemented citywide would extend to serve these companies. Healso urged prudent water usage, emphasizing the importance of raising awareness among employees regarding water conservation practices. BWSSB authorities say that the completion of Cauvery 5th stage project would help in additional supply of 775 million litres per day (MLD) of water, significantly augmenting water availability and addressing shortages.

earthquake with a preliminary magnitude of 5.7 has struck southern Greece off the coast of the western Peloponnese. There were no immediate reports of damage or injuries from the quake, which was also felt in the Greek capital and as far away as the southern island of Crete. The quake struck Friday morning and was centered beneath the seabed near the Strofades islands, about 120 kilometers (75 miles) south-southwest of the western city of Patras, according to the Athens Geodynamic Institute.

Tomorrow's IPL Match: Lucknow Super Giants (LSG) and Punjab Kings (PBKS) will clash on March 30 at the Ekana Sports City in Lucknow. This will be LSG’s second match in IPL 2024 while PBKS will play their third match. Lucknow, yet to get any points, are right at the bottom of the points table.