Citi Financial News

South Carolina officials are preparing to remove over 1.2 million gallons of toxic waste from a World War II aircraft carrier in Charleston Harbor

Begusarai as the world's most polluted city reflected "Western bias", the Bihar State Pollution Control Board (BSPCB) said on Wednesday and questioned the methodology used in the entire exercise. Speaking to PTI, BSPCB Chairman Devendra Kumar Shukla questioned why only one pollutant, PM 2.5, was taken into consideration for analysing the air quality of Begusarai and other cities in India. «When we talk about air quality, it should be a comprehensive analysis, taking into account all pollutants — PM 2.5, PM 10 (particulate matter less than 10 microns), nitrogen oxide, sulphur dioxide, ozone, carbon monoxide, ammonia and lead,» he said. «I will not call it a comprehensive analysis of air quality at all. There is a Western bias in the report,» he added.

CUET-UG. Speaking to ANI, UGC chief M Jagadesh Kumar on Wednesday said National Testing Agency, responsible for conducting the CUET, will announce the cities where students have to write the test a week before the test date. «Since this time, NTA is conducting CUET-UG in hybrid mode, we will have more centres in cities, and students will get the centres of their choice. For security reasons, students can download admit cards a few days before the test,» he said.

Knight Frank's latest report, released on March 20. The Prime Global Cities Index, which tracks the movement of prime residential prices across 45 cities worldwide, saw Mumbai leapfrog five places from its 8th position in Q4 2022 to claim the third spot. This remarkable surge highlights the city's growing appeal among high-net-worth individuals and the resilience of its luxury housing segment.

NEW DELHI : India has emerged as the world's third-largest startup ecosystem, a development that Prime Minister Narendra Modi believes will chart the country's course towards becoming a developed nation by 2047. Addressing the audience at the Startup Mahakumbh on Wednesday, the prime minister highlighted unprecedented growth of India's startup culture.

Narendra Modi on March 20 said India is the world's third-largest startup ecosystem, with the youth leading the way. “India's startup ecosystem flourishing at an unprecedented rate, driven by the youth.

Disaggregation & Decentralisation The healthcare services industry is witnessing two key trends: “disaggregation of general hospitals wherein focused single specialty hospital networks are offering high-quality facilities and treatments to patients, and decentralisation of healthcare, wherein hospitals are moving out of metros to tier I and II cities. “Over the next decade or so a lot of value is going to be destroyed and created depending on how industry participants react to these trends," Hari said. He observed that the legacy model of large general hospitals in big cities was perhaps a result of low population density, absence of social infrastructure and low purchasing power in the smaller cities.

second home away from the bustling city life. These destinations not only offer a break from the chaos of the urban jungle, but also provide a chance to experience nature's beauty up close. Destinations such as Nandi Hills, Hosur, Sakleshpur, Kanakapura Road, Chikkamagaluru and Ooty are gaining traction as new homes for the affluent. Nestled between lush hills, coffee estates, vineyards and wildlife sanctuaries, these places offer a perfect investment option as well as a peaceful haven for those seeking sustainable living.

Investing.com-- Analysts at Citi said they expected the Nikkei 225 and broader Japanese stocks to see some short-term strength after the Bank of Japan’s historic policy shift, which ends nearly a decade of monetary stimulus for local markets.

In major centres such as India's 'Silicon Valley' Bengaluru, home to firms like Google, water supply is already being curtailed. The 150 reservoirs monitored by the federal government -which supply water for drinking and irrigation and are the country's key source of hydro-electricity — were filled to just 40% of capacity last week, government data showed.

Investing.com-- Most Asian currencies moved little on Wednesday amid caution before more signals on interest rate cuts from the Federal Reserve due later in the day, with the dollar sitting at two-week highs. 

Holi 2024: Holi, also known as the festival of colour, is the most vibrant and eagerly anticipated Hindu festival that is celebrated across India in the Phalguna month (February or March). This year, Holi falls on March 25, and Holika Dahan is celebrated a day ahead, i.e., March 24. In India, there are some spectacular destinations for Holi where the festival is celebrated in a deeply traditional manner.

BEIJING (Reuters) -China's central bank said it has reshuffled its monetary policy committee to include securities regulator head Wu Qing, vice central bank chief Xuan Changneng and two new academic members.

Hong Kong’s lawmakers unanimously passed a new national security law that grants the government more power to quash dissent in the southern Chinese city

Hong Kong has passed a new national security law that could redefine the liberties of its citizens, and its role on the world stage

Investing.com-- The Japanese yen weakened substantially against its peers on Tuesday and Wednesday, as an interest rate hike by the Bank of Japan was largely overshadowed by the central bank reiterating its dovish outlook for the near-term. 

Benjamin Netanyahu of Israel on Tuesday brushed aside President Joe Biden's opposition to a planned ground invasion of Rafah, a city in the southern Gaza Strip, saying that his government would press ahead despite pleas for restraint from the United States and key allies. Netanyahu made the remarks to Israeli lawmakers a day after speaking by phone with Biden, who reiterated his stance against an offensive into Rafah, arguing that it could be disastrous for the people there and that Israel had other ways of achieving its objective of defeating Hamas.

Belgian fashion designer Dries Van Noten says he will step down from his namesake brand at the end of June

The United States continues to lead the globe in terms of private wealth, with affluent Americans possessing a staggering $67 trillion in liquid investible wealth, which amounts to a third of the world’s liquid assets.

India is at the top of the chart for global investors, said HSBC India CEO Hitendra Dave. The absence of global banks in Indian retail lending and the soaring wealth effect of the Indian middle class have provided a springboard for HSBC India to become the vital lever of growth for the British bank, Dave said in an interview with Bhaskar Dutta and MC Govardhana Rangan. Edited excerpts: Among global banks, with Citi exiting retail, you are alone in the competitive retail space. What is it that you are seeing that others don't? My sense is that there is place for only one international bank to have the ambitions and market-share aspirations of a local bank while continuing to operate as an international bank — be it governance, structure, product, technology, and servicing. What distinguishes us is just the totality of all these things — the aspirations of a local, private bank but operations like an international bank. It is very important to have the emotional connection of a domestic bank. I can't judge myself, but I think we are that international bank. When you talk to large customers, if you ask them which is that one international bank which is ticking these boxes? I hope most people will say HSBC.

Bengaluru to "voluntarily adopt aerators" and said licensed plumbers will be ready to assist as needed. He also stressed at the affordability of the aerators, and emphasized that targeting key areas like the wash basins, kitchens and handwashing stations can curtail wastage of water effectively. As he urged the public to use the aerators, Manohar said that the 'affordable' device, starting from just ₹60, is substantial in reducing the consumption of water and its bill.