Citi Financial News

₹11.15 crore net in India, Sacnilk.com has reported. Speaking of its day 5 collections, the film saw a 7.14 percent drop and collected just ₹1.50 crore net. The film had an overall occupany of 12.75 percent in Hindi language.

Altamount Road, the SoBo Billionaires' Row that's home to Mukesh Ambani, appears to have company in India's other metro cities, such as Bengaluru and Delhi-NCR, for the uber-rich tech and startup czars to stay connected and network with one another — from the comfort of their drawing rooms or gyms and club houses for that matter. In Bengaluru, houses in the Billionaires' Street (Koramangala), Epsilon Villas or Adarsh Palm Retreat (APR) are owned by the likes of Sachin and Binny Bansal, Flipkart cofounders, and its CEO Kalyan Krishnamurthy along with a few Infosys co-founders and the Raveendrans. The owners of several new-age firms such as Unacademy's Gaurav Munjal, PhonePe's Sameer Nigam, Meesho's Vidit Aatrey, the Zetwerk founders dot the palm tree and Mercedes-lined APR. 'India's CTO' Nandan Nilekani, Wipro owners — the Premjis, and Rahul Dravid also own homes in Koramangala, where property rates have already built a formidable moat of exclusivity.

total solar eclipse gracing parts of Mexico, Canada, and the US, spanning from Texas to Maine. Notably, this event marks the last opportunity for a total solar eclipse to traverse a significant portion of the US until the year 2044, adding to its significance and allure. As anticipation mounts for this extraordinary spectacle, enthusiasts and astronomers alike prepare to witness nature's awe-inspiring display in the skies above.

petroleum and natural gas ministry is drawing up plans to offer free piped natural gas (PNG) connections and consumption subsidies to poor households to help its wider adoption on the lines of the Ujjwala scheme, which popularised liquefied petroleum gas (LPG) among the poor, said people familiar with the matter. The plan is likely to be part of the ministry's proposal for the first 100-day agenda of the government which will be sworn in after the general election, they said. The Modi government has asked all ministries to propose new ideas and plans that could be launched or implemented in the first 100 days of the next regime. Officials are busy preparing the plans, which are likely to be discussed with the cabinet secretary in early May in the middle of the election, according to people in the know.

Easter 2024 and Good Friday weekend is predicted to be stormy and rain-soaked one as weather forecast shows two storms to hit parts of the US. As a midweek storm lashes the Northwest, attention shifts to the looming threat of an atmospheric river storm set to engulf Southern California over the weekend. With forecasts predicting heavy rainfall and potential flooding, the National Oceanic and Atmospheric Administration (NOAA) has wasted no time in issuing a Level 2 out of 4 flash flood threat for the Los Angeles and San Diego areas on Saturday, as per a report in Fox Weather.

Gold and silver prices Today on 26-03-2024: Check latest rates in your city The attention of the market is currently centered on the upcoming release of the U.S. Core Personal Consumption Expenditure Price Index data [PCE], scheduled for Friday. Market response to this data might be delayed until next week due to the Good Friday holiday.

Mumbai has displaced Beijing as Asia's city with the largest number of billionaires, according to Hurun Global Rich List 2024. This ticker-tape news comes as Indian stock markets powered ahead on a robust post-Covid recovery, while China is struggling to raise economic growth. The reordering is unlikely to be permanent, because India's market capitalisation-to-GDP ratio is in overvalued territory, while it is undervalued in China.

Hezbollah targets in northeast Lebanon's Hermel area on Tuesday, the deepest raid since cross-border hostilities erupted in October with the Iran-backed group over the Israel-Hamas war. Following the outbreak of war between Israel and Hamas after the Gaza militants' October 7 attack, Israeli forces along the border with Lebanon have exchanged near-daily fire with the powerful Shiite Muslim movement Hezbollah. The group says it is acting in support of its ally Hamas, while Israel has also targeted Hezbollah and Hamas officials in Lebanon, including with strikes deep into Lebanese territory.

Thousands of Southern California hospitality workers have ratified a new contract with 34 hotels after repeated strikes since the summer

As government officials debate how to handle the influx of new arrivals, the Girl Scouts — whose Troop 6000 has served kids who live in the shelter system since 2017 — are quietly welcoming hundreds of the city’s youngest new residents with the support...

Hedge fund Citadel is going all out on Miami. Having relocated some Citadel Securities staff to the Four Seasons Palm Beach during the pandemic, it's since poached the executive chef of the hotel to be its «global head of culinary» and has commissioned architects Foster + Partners to build a new«iconic tower» office space on a 2.5 acre waterfront plot at Brickell Bay as it moves its head office to Miami from Chicago.

Hong Kong has increased the income tax paid by anyone earning over $640k and above to 15%, but compared to Singapore, Hong Kong looks generous. In Singapore, income tax is 15% from $89k and 22% from $237k and above.

As we noted last week, the signature move for traders in 2024 might not be to leave a bank for a hedge fund, but to go the other way. Ben Hutson did it at Barclays, and now maybe Bhavit Sawjani will be doing something similar at JPMorgan. 

Junior bankers are tired again. As we reported this week, working hours are back to unsustainable levels at some banks as managing directors who are rightly paranoid about losing their own jobs enter a frenzy of ever more detailed pitching.  

Citi is in the middle of a major restructuring that will ultimately see 20,000 of global employees disappear. Some of the people it seemingly intends to keep, though, are at the center of complaints about the culture in its equities sales and trading division. 

It's Easter week for Christians and Ramadan for Muslims and Holi for Hindus, but Citigroup has less ethereal things on its collective mind. Having promised to finish the first stage of its 20,000 job cuts in the first quarter of 2024, it seems to be under a bit of pressure to finish them off. 

Hopefully, Deutsche Bank paid Alok Modi well last year. Following the disappearance of various members of the European rates trading team, people at the German bank in London are gripped with apprehension that Modi might go too. 

National Testing Agency (NTA) has extended the registration deadline for the Common University Entrance Test for Undergraduate courses (CUET UG 2024). Candidates now have until March 31 (9:50 pm) to apply for the entrance exam, according to the revised schedule. The deadline for online submission of the application form for the CUET-UG – 2024 has been extended to 31 March 2024 (Up to 09:50 P.M.) based on the request received from candidates and other stakeholders. Please visit https://exams.nta.ac.in/CUET-UG/ for the latest updates, said UGC chairman Jagadesh Kumar in a post on X (fomerly Twitter).

ALSO READ: Zerodha's Nikhil Kamath on being a school dropout: ‘Felt insecure…’ The company was valued at approximately $34 million post-funding. The company will use the funds towards enhancing the talent pool, developing tech-enabled customer experiences, bolstering product and design R&D, improving farm-level infrastructure for speciality green coffee and fine cacao beans, and launching new ‘ready to drink’ coffee products. Subko is also planning to launch flagship experience cafes in different formats across select cities in India and globally.

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real estate boom in India has created a new avenue for NRI investments. There is a growing number of houses being purchased by this segment. The growth in NRI residential sales, which rose significantly over the last year, underscores this point. According to a report by NoBroker forecast report, NRI investments in India's real estate sector is poised to contribute 20% by 2025. This surge in demand can be attributed to several factors, both monetary and otherwise. Sentimentality has always been a key driving factor of NRI purchases in India, but with the world’s best comforts being available in India, the sentimental reason for buying a home “back home” amongst the NRIs, is also supported by valid reasons for quality real estate investing. To make matters more compelling, the technological revolutions that the entire world has witnessed in the 21st century have now made it easy for people from any part of the world to invest in different parts of the world with minimal hassles. Not just that, the technology also makes it easier for buyers around the world to have access to information on a real-time basis.