Citi Financial News

Investment and asset management firm Alta Capital is looking to invest more than $1 billion in top cities across India over the next 3-4 years as it sharpens its focus on the country's rapidly growing educational infrastructure, said a top company official. The firm has already invested over $1 billion across warehousing, managed workspaces, student housing and educational infrastructure businesses in less than a year of operations till December, which also marked its purchase of education infrastructure development services company Cappella Educore for $200 million. Alta Capital had earlier acquired Goldman Sachs' and Warburg Pincus' 100% stake in student housing platform Good Host Spaces for $320 million in the largest-ever student housing deal in the country. «We are planning to invest $1 billion in India's burgeoning education infrastructure sector in the next 3-4 years. The market for quality education is worth $16 billion in India and is growing at 10% annually given the importance attached to education and skill development. This speaks volumes about the market size and need for private capital to shape the future of education,» Siddhartha Gupta, founder and managing partner, Alta Capital, told ET.

India’s information technology (IT) capital, Bengaluru, a city once lauded for its greenery, grapples with the formidable challenge of both urban flooding and water scarcity. The paradox of a city inundated yet thirsty is stark. Its water ordeal is a tale of many years of ecological neglect and urban mismanagement.

Last week, the S&P 500 witnessed its second consecutive weekly loss, with tech stocks feeling the heat amid ongoing inflation worries as the Federal Reserve's next policy meeting looms.

– By Ashwini Kumar

The Indian real estate sector, a cornerstone of the nation’s economy, is undergoing a monumental shift. As urbanization accelerates, with projections indicating that 40% of India’s population will live in urban areas by 2030, the demand for both residential and commercial spaces is skyrocketing. This growth, while promising, brings with it the pressing need to balance economic advancement with environmental sustainability and social responsibility—a challenge not unique to India but faced globally as nations strive to create future-proof, equitable development models.

Internet gambling revenue continues to soar in New Jersey, where online casinos are accounting for a growing share of the betting pie

As March Madness gets underway, more people than ever now can legally bet on sports

A suspected attack by Yemen’s Houthi rebels saw an explosion detonated near a ship in the Gulf of Aden, potentially marking their latest assault on shipping through the crucial waterway leading to the Red Sea

The United States' largest St. Patrick's Day parades are unfolding

PHNOM PENH, Cambodia — Chin Choeun spends nearly 12 hours a day collecting sap from palm trees that he and his wife turn into palm sugar.

The Schwarzman Animal Medical Center in New York City is one of a handful of veterinary hospitals across the country that is equipped to handle the most complicated cases

Lyft and Uber have said they will halt operations in Minneapolis because of a new city ordinance that increases wages for app-based drivers

Investing.com-- The Bank of Japan (BOJ) is set to conclude a two-day policy meeting on Tuesday, with markets engaging in rampant speculation over what could be the BOJ’s first rate hike in 17 years, as well as the reaction from the Nikkei 225 and the USDJPY to such a move. 

Telangana will script history on May 13 as the state will go to polls in the fourth phase of the 7-phase Lok Sabha elections. Addressing a public rally in Jagtial, PM Modi said, “The biggest festival of democracy begins." Jagtial is part of the Nizamabad Lok Sabha constituency. The Prime Minister claimed that there is a BJP wave in Telangana while Congress and BRS will face defeat.

«From taking showers to using toilets and washing clothes, we are taking turns to do everything,» she said. It's the only water they can afford. A resident of Ambedkar Nagar, a low-income settlement in the shadows of the lavish headquarters of multiple global software companies in Bengaluru's Whitefield neighborhood, Muthuvel is normally reliant on piped water, sourced from groundwater. But it's drying up. She said it's the worst water crisis she has experienced in her 40 years in the neighborhood.

electric two-wheelers (e2W) and three-wheelers (e3W) across the country. The scheme has been allocated a budget of ₹5 billion and is set to replace the FAME-2 scheme, which expires on 31 March 2024. It will operate from April to July 2024, with the possibility of being replaced or extended thereafter.

Gold And Silver Prices Today : Gold prices saw a slight decrease on Monday.The cost of 24 carat gold is Rs.6667.4 per gm down by Rs.131.0.The cost of 22 carat gold is Rs.6107.3 per gm down by Rs.120.0. The price change in 24 carat gold in the last one week has been 0.43% .whereas in the last month it has been -6.28%. The cost of "silver" is Rs.77200.0 per kg up by Rs.200.0 per kg.

BEIJING —  China's economic data for the first two months of the year beat analysts' expectations on Monday.

BEIJING (Reuters) — Property investment in China slid 9.0% year-on-year in the first two months of 2024, compared with a 24.0% fall in December 2023, National Bureau of Statistics (NBS) data showed on Monday.

BKC. In a post on social media platform X (formerly known as Twitter) on March 17, Kotak responded to user Nilesh Shah's (@NileshShah68) post converting the USD real estate sale to Indian Rupees. "New York commercial office building going at ₹~ 16000 per Sq Ft." wrote Shah.

RCB men's team also took to social media following their women's team's maiden WPL title win. Virat Kohli congratulated the team through a video call. In an Instagram story, he also hailed the 'Superwomen' of RCB.