Citi Financial News

Mumbai Coastal Road. A 10.5-kilometer-long stretch will be opened for traffic in the first phase, an official earlier said, adding that motorists can enter the coastal road from Worli Seaface, Haji Ali interchange and Amarson's interchange points, and exit at Marine Lines.

Byju's is undergoing a cost-cutting initiative and restructuring drive that includes downsizing some of its smaller assets across the country. To achieve this, the company has identified multiple offices and tuition centers ranging between 500 and 1,000 sq ft across 17 cities.

Narendra Modi will inaugurate 10 new Vande Bharat trains across various routes in the country, pushing the total number of operational trains past the half-century mark. These new additions come a little over two months since the last batch of trains were launched. 10 New Vande Bharat's Routes The 10 new trains cover a range of routes, including 1. Lucknow-Dehradun 2. Patna-Lucknow

₹3,100 crore have been acquired by real estate developers since 2022 in the area, JLL said. According to Anarock Property Consultants, the area's robust development and high demand, coupled with ongoing infrastructure improvements, are attracting both end-users and investors. A lot of projects are already in various stages of development, and there is huge potential for future development.

Congress on Monday launched a scathing attack on Prime Minister Narendra Modi, saying his «relentless campaign» on 'Modi ki Guarantee' cannot change the truth that he will say whatever he needs to in order to win an election and his «warranty» is now over. Congress general secretary Jairam Ramesh said the prime minister is going around the country proclaiming the virtues of his «guarantees» and since he has already been in power for a decade, one must do a status update of 10 guarantees he has given during his tenure. He said Prime Minister Modi promised to create two crore jobs for India's youth every year but unemployment reached a 45-year peak in India under «anyay-kaal (period of injustice)».

Deccan Herald (DH) report, IT professional working at multinational companies have been moving back to their hometowns. Citing the example of a resident of Bengaluru's Ayyappa Nagar, Sumantha, the DH report said that he and his wife faced severe shortage of water, despite paying hefty rent. "The water crisis forced us to move temporarily.

Election Commission held a briefing here in the national capital on Monday for all its observers for the General Election to Lok Sabha and General Election to Legislative Assemblies 2024. Chief Election Commissioner Rajiv Kumar will address the meeting, according to sources. The aim of the meeting for over 2000 observers is to streamline strategy to ensure that the model code is implemented during the elections. The observers will monitor polls to ensure the process is «free and fair.»

Gold And Silver Prices Today: Gold prices experienced a slight increase on Monday. The price of 24 carat gold is Rs.6631.9 per gram, up by Rs.65.0. The price of 22 carat gold is Rs.6074.8 per gram, up by Rs.59.0.

electricity in India, accounting for nearly 3% of the total electricity generation. At present, India’s nuclear power generating capacity is 7,480 megawatts (MW), and the government plans to triple it to 22,480 MW by 2031 to meet its net-zero targets. To this end, it is inviting private investments worth ₹2.16 trillion (tn) and is already in talks with some major power sector players.

Also Read: Real Estate: How can you maximise wealth with MSM REITs investments? Why are you interested in purchasing a second home? Is it for a vacation getaway, an investment property, a place to retire, or some other reason? This decision will greatly influence where you choose to buy, what type of property you choose, and how much you can afford. According to a research study conducted by 360 Realtors, the demand for second homes or holiday homes in India has significantly increased in the wake of the pandemic.

Read here. Bengaluru is currently in the grip of a severe water crisis, with residents experiencing daily water cuts and certain areas receiving water only on alternate days. In response to this pressing issue, the BJP has declared a protest at Freedom Park on Monday, aimed at shedding light on the water woes plaguing the city.

Two people are in police custody, three were sent to hospital and about 100 others were left out in the cold for hours after a violent brawl in Montreal overnight.The chaotic altercation led to the complete evacuation of an apartment building in Ville Saint-Laurent in the middle of a snowstorm during the early morning hours on Sunday.A 26-year-old man was taken out of the building on Crepeau Street in handcuffs Sunday afternoon. Officers said he is one of two key suspects in their 20s who were arrested in connection the incident.“I’m not feeling good about my city right now,” said John Insogna, a resident who lives next door.According to police, multiple 911 calls came in around 4 a.m.

holy month of Ramadan, significant for Muslims, usually sees heightened tensions in the region. Clashes have historically erupted during this time, particularly in Jerusalem's Old City, a site sacred to Jews, Christians and Muslims.

ARCs) are lining up for the bankrupt ACCIL Corp's ₹270 crore debt in what is turning out to be a rare 100% recovery for banks. The asset in question is an ACCIL-owned hotel in Jaipur, which has been put on block by lenders to recover their dues. Last month, Omkara ARC beat competitor Asset Reconstruction Company of India (Arcil) with a ₹38 crore cash offer to Chennai-based Indian Bank in a Swiss challenge. Separately, Arcil has emerged as the preferred bidder to take over the ₹113 crore debt owed to Union Bank of India, the lead lender in the case.

German Formula 1 racetrack designer Tilke, real estate consultancy company CBRE and architecture firm Arcop ranked the highest on a list of six international consultants that are competing for designing a racetrack in Gujarat's GIFT City that could position the financial centre also as an international sporting destination, according to people in the know. The Tilke-led consortium scored 98% marks in an evaluation conducted by Sports Authority of Gujarat during March 7-8 and is likely to be granted the work order to develop a design for the F1 track, the people said. The project could cost up to ₹10,000 crore.

buyout funds KKR, Carlyle, EQT, Hillhouse and TA Associates are competing against each other to buy out Healthium Medtech, the largest homegrown surgical sutures manufacturer, also the largest manufacturer of surgical needles globally by volume, in what is turning out to be the fiercest bidding process of the year. Healthium (formerly Sutures India), 99.8% owned by Apax Partners is the fourth largest surgical suture manufacturer in the world with a market share of about 18% in India. These funds were shortlisted this weekend after the first round of screening based on non-binding bids submitted last week which largely value the company between Rs 6300 crore to Rs 6500 crore. A formal sale process was launched earlier this year with Jefferies mandated to sell the company with close to two dozen funds including Blackstone, Partners Group, Canadian pension funds, picking up the information memorandum and signing non-disclosure agreements.

An Economist article on 7 February 2024 by Elizabeth Lees presented a pictorial representation of the world’s heat map over the past 60 years as compared to pre-Industrial Age temperatures. The latter half of 2023 showed a 2° Celsius heating above the pre-industrial level, and while it was an El Niño year of additional warming, this illustrates the climate-change disaster that we are facing today. The only way the earth will survive is if we stop using fossil fuels as a source of energy at the earliest.

By Sinan Abu Mayzer. Nidal al-Mughrabi. Bassam Masoud

The New York Police Department has been taking a more active role in trying to influence public policy through slick online videos and social media posts

An oil and gas trade group in North Dakota has ended a workforce recruitment program that brought Ukrainians from their war-torn country to North Dakota's oil fields to fill jobs

₹60,000 crore to expand the seven existing airports in its portfolio over the next 5-10 years, Karan Adani, MD of Adani Ports and Special Economic Zone Ltd, said. About half of the investment would be pumped into terminal and runway capacity over five years, and the rest would be invested in city-side development of the airports over a period of 10 years, Adani said on the sidelines of an event. These investments will be in addition to the ₹18,000 crore that the group plans to invest in Navi Mumbai airport.