Citi Financial News
13.03 / 20:39
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UK government says it will back legislation to ban foreign state ownership of British newspapers
The U.K. government says it will back legislation banning foreign state ownership of British newspapers and magazines, a move that could upend a planned takeover by a United Arab Emirates consortium of the Telegraph Media Group
13.03 / 20:39
13.03 / 20:39
13.03 / 20:39
Citi
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2020
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Lebanese, French officials float a plan to rebuild Beirut port nearly 4 years after huge explosion
Three and a half years after hundreds of tons of improperly stored ammonium nitrate ignited at the Beirut port, setting off one of the world’s biggest non-nuclear explosions, Lebanese and French officials have put forward a plan for reconstruction and ...
13.03 / 20:39
13.03 / 20:15
markets
Citi
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country
reports
Realty fund flows into small town India boom
real estate demand across the country. Capital flows hit a record $1.3 billion, compared to $600 million in 2022, according to real estate consultancy CBRE. While average annual inflow from 2019 to 2022 stood at $500 million, more than 85% of transactions in these cities were focused on development sites and the logistics sector. According to CBRE, several cities such as Ahmedabad, Indore, Jaipur, and Coimbatore are also seeing robust private equity (PE) interest across sectors such as e-commerce, startups, banking, financial services and insurance (BFSI) — all of which can have a complementing impact on real estate investments.
13.03 / 18:07
Citi
Waters
wellness
exclusive
classical
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Features
Bengaluru’s water crisis may reflect an even larger one
₹5,000 if people used fresh water for washing cars or watering plants. No one is talking about water meters and charging for water, hardly surprising in a city where the government has subsidized electricity indiscriminately. But it is all too easy to blame the government in such situations.
13.03 / 17:07
Citi
FIVE
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Five new faces among 7 LS candidates declared by BJP in Gujarat; MoS Railway dropped
Bharatiya Janata Party (BJP) on Wednesday announced names of seven more candidates in Gujarat, which has 26 Lok Sabha seats, dropping five sitting MPs, including junior Railway minister Darshana Jardosh, and replacing them with new faces. On March 2, the BJP, in its first list of 195 candidates, had announced nominees for 15 Lok Sabha seats in Gujarat, where the saffron outfit had swept the polls in 2019. After the release of second list of 72 candidates in New Delhi, contestants for only four seats in the BJP-ruled state remain to be declared by the saffron party.
13.03 / 17:07
Citi
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Magnitude 6.0 earthquake strikes Papua New Guinea: USGS
magnitude 6.0 earthquake hit Papua New Guinea early Thursday, about 65 kilometres southeast of the town of Kimbe, the United States Geological Survey said. The quake had a depth of approximately 50 kilometres (31 miles), and struck outside Kimbe, in the West New Britain region, at about 1:13 am (1513 GMT Wednesday), the USGS said.
13.03 / 16:39
markets
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Courts
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'Hindenburg report tried to shake our foundation but...': Gautam Adani recalls rout prompted by US short seller
Adani group stocks, leading to a steep fall in Adani's net worth. The group denied all wrongdoing. Later, the Supreme Court formed a committee to probe the charges against the group.
13.03 / 16:39
Citi
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BRS workers 'kidnap' own party leader amid defection buzz, former MLA 'rescued' by BJP | WATCH
Deccan Herald, BRS workers allegedly tried to "kidnap" Aroori, a former BRS MLA in Warangal city of Telangana. He had met Telangana BJP chief G Kishan Reddy on Tuesday, which sparked rumours of him planning to quit the BRS and join the BJP, the report added. "Former minister Errabelli Dayakar Rao had arrived to convince Aroori Ramesh and began taking him to Hyderabad," IANS reported.
13.03 / 15:27
Citi
Provident
Waters
security
Remark
Wildlife
Department
Lamphelpat waterbody project: A majestic lake in Manipur undergoes remarkable revival
Manipur but relegated to the annals of history, is now undergoing a remarkable revival, thanks to the Rs. 650 crore Lamphelpat Waterbody Project initiated by the Water Resource Department, Manipur, in collaboration with the Ministry of Jal Shakti. The primary objective of this ambitious project, as articulated by Remmei Alemmei, Chief Engineer of Manipur's Water Resources Department, is to develop Integrated Flood Risk Management and ensure water security in the Imphal Valley. With a staggering water storage capacity of 124 million cubic meters, Lamphelpat Waterbody is poised to provide potable water to over 4 lakh residents of Imphal city through the Public Health Engineering Department (PHED). Moreover, this rejuvenation endeavour is not merely about bolstering water resources; it also entails preserving the ecological integrity of the Nambul River, enhancing aesthetic values, and promoting eco-tourism potential in the Imphal city. Already, there have been promising signs of ecological revival, with increased sightings of migratory and resident birds flocking to the waterbody.
13.03 / 14:48
markets
COST
Citi
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Diversity
Tile makers see meagre gains from recent gas price cuts
MUMBAI : Tile manufacturers have warned that the recent gas price cuts by city gas distribution (CGD) companies like Mahanagar Gas Ltd, Indraprastha Gas Ltd and Gujarat Gas Ltd are unlikely to result into significant margin gains for them. Gas accounts for a significant portion of the overall expenses for tile makers. So, lower gas prices should be a reprieve for tile manufacturers such as Kajaria Ceramics and Somany Ceramics, which use it to fuel their kilns.
13.03 / 14:48
Citi
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Bengaluru water shortage: Congress MLC BK Hariprasad claims 'no serious' crisis' as citizens cry foul
ANI quoted him as saying. In the meantime, reports arrived that people in Bengaluru are calling for a shift to online work or work-from-home until the monsoon season.
13.03 / 14:15
13.03 / 13:41
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Lovely climate? Read this before you move to Bengaluru
BBC, in 2018, carried a report listing 11 cities across the globe that were likely to run out of drinking water, including Cape Town and Beijing. Bengaluru was the only Indian city on the list. Not a single lake had suitable water for drinking, the report noted.
13.03 / 13:41
Citi
DISH
show
bowling
Uncle Peter's Pancakes Grabs 3 Sharks Deal at Shark Tank India Season 3
₹60 lakh for a two per cent equity stake, Sundeep and Akashdeep showed how their pancakes are made using wheat and oat flour, demonstrating the technicalities and formulations that ensure consistency in texture and taste. They served their signature dishes to the sharks – like pancake cereal bowls, blueberry garden pancakes, tiramisu pancakes and fresh fruit pancakes, which was applauded by all the sharks for their quality taste and consistency Uncle Peter’s Pancakes bagged the 3 sharks deal based on being profitable and developing a good ecosystem for their franchise network to grow. Sundeep mentioned that more than 85% of the franchise models are profitable, with 25% making a monthly profit of ₹85,000 to ₹1,00,000.
13.03 / 13:41
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Maharashtra govt set to rename Ahmednagar district. Here's what it will be called now
Maharashtra cabinet on Wednesday, March 13, approved the renaming of Ahmednagar district as Ahilya Nagar district. On the birth anniversary of Ahilya Bai Holkar on May 31 last year, Maharashtra Chief Minister Eknath Shinde had announced that the state government will rename its historic district to honour the revered figure. Maharashtra's Deputy CM Devendra Fadnavis had then said that Kashi wouldn’t have remained, had Ahilya Bai Holkar not been there.
13.03 / 10:43
Citi
Remark
WhatsApp
community
trends
Ahmednagar renamed as Ahilya Nagar: Maharashtra Cabinet approves name change
Ahmednagar as Ahilya Nagar. Last year, Maharashtra Chief Minister Eknath Shinde had announced the renaming of Ahmednagar city to ‘Ahilyanagar’ in honor of the esteemed 18th-century Maratha queen, Ahilyabai Holkar. This announcement was made on Ahilyabai Holkar's 298th birth anniversary. Ahilyabai Holkar is renowned for her remarkable leadership during the tumultuous 18th century in the Malwa province, where she established Maheshwar as the capital of the Holkar dynasty. Her administration stood out for its effective governance and enlightened policies. The renaming of Ahmednagar follows previous initiatives by the Shinde-Fadnavis government, including renaming Aurangabad to ‘Chhatrapati Sambhajinagar’ and Osmanabad to ‘Dharashiv’ earlier this year.
13.03 / 10:43
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Compressed bio gas plants to be set up in Raipur, Bhilai; initial pact with BPCL signed
BPCL, Chhattisgarh Biofuel Development Authority and municipal corporations of Raipur and Bhilai for production of Compressed Bio Gas (CBG) in Chhattisgarh, officials said. As per the pact, BPCL- a central PSU, will set up CBG plants in Raipur and Bhilai with an investment of around Rs 100 crore and the capacity of each plant will be 100-150 tonne per day. The MoU was signed in the presence of Chief Minister Vishnu Deo Sai and Deputy CM Arun Sao here at the former's official residence, they said. In his address, Chief Minister Sai said the establishment of CBG plants is a key step towards clean city, clean energy and zero carbon emissions.
13.03 / 08:43
Citi
Election
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Profiles
Nagpur Lok Sabha polls 2024: Dates, schedule, partywise candidates and other key details here
Nitin Gadkari emerged victorious in the polls from this constituency. Nagpur during the polls sees a battle between BJP, Congress and BSP. Rashtriya Swayamsevak Sangh (RSS) headquarters is also located in Nagpur. Nagpur Lok Sabha polls 2024: Dates The timing of the Lok Sabha Elections in Nagpur has considerable attention from both political analysts and the public. Initial speculations suggest that the polls may adhere to this customary schedule, likely occurring between April and May. However, precise details await official confirmation from the Election Commission of India (ECI).
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