Citi Financial News

“We are receiving the same input from the Cauvery that we have been getting. The water level in the basin is depleting, whereas demand in the city has increased without the borewell supplements,” officials at the Bangalore Water Supply and Sewerage Board (BWSSB) said. Deputy chief minister DK Shivakumar said that out of the city's 16,781 borewells, only 7,784 were currently operational, with 6,997 having dried up. The areas in the city’s tech belt, away from its centre, would be the most affected, said BWSSB officials. “These places have always used borewell water, never Cauvery, up until now,” they said.

Indraprastha Gas Limited on Wednesday said the retail consumer price of Compressed Natural Gas (CNG) has been reduced by ₹2.50 per kg across all geographical areas of the natural gas distributor from 6 am on Thursday, March 7, 2024. “The revised selling price of CNG in Delhi will be ₹74.09 per kg, while it will be ₹78.70 per kg in Noida, Greater Noida and Ghaziabad from 6 am tomorrow morning", the Indraprastha Gas said in a post on X (formerly known as Twitter).

Committee to Unleash Prosperity launches new campaign warning American public about «reckless» government spending.

Michael Bloomberg, the former New York City mayor, gave the most to charitable causes last year, followed by Nike co-founder Phil Knight and his wife, Penny, and Michael Dell and his wife, Susan, according to the Chronicle of Philanthropy’s exclusive l...

A wage law in New York City meant to protect food delivery workers is getting backlash from app companies like Uber, GrubHub and DoorDash

New York Attorney General Letitia James has sued a cash-advance operation based in the state, claiming it exploited struggling small businesses across the country by issuing fraudulent loans

Women business owners from smaller cities and towns across India are frontrunners in adopting digital solutions, according to data from 200,0002 SME members on business financial platform Tide. This year’s International Women’s Day’s theme is ‘Inspire Inclusion’, making women business owners ‘Atmanirbhar’.

As part of an array of measures aimed at bolstering retail investor participation in capital markets, the GB ISA will «encourage more people to invest in UK assets», Hunt said in his Spring Budget today (6 March). Fund managers renew calls for British ISA ahead of Spring Budget The GB ISA will give investors an additional annual allowance of £5,000 a year to invest solely in UK equities. The threshold will be in addition to the current annual ISA allowance of £20,000. The move, Hunt said, came after more than 200 financial services and City executives urged him to unveil ISA ref...

Agra Metro was inaugurated virtually by Prime Minister Narendra Modi on Wednesday as Uttar Pradesh Chief Minister Yogi Adityanath and other leaders took the inaugural train ride from the Taj Mahal station to Taj Mahal East station here. Metro services on the 6-km corridor will be available to commuters from Thursday onwards, with stops at Taj Mahal East station, Captain Shubham Gupta station, Fatehabad Road station, Taj Mahal station and Mankameshwar Temple station. The priority corridor inaugurated remotely by the prime minister from Kolkata will have three elevated and three underground stations, according to an official statement. Speaking at the flagging off ceremony at the Taj Mahal station, Adityanath said Agra Metro would provide world-class public transport to locals and tourists visiting the city.

NEW DELHI : The Directorate General of Civil Aviation (DGCA) on Wednesday granted air operator’s certificate to Goa-based Just Udo Aviation Pvt Ltd to operate its airline Fly91. The grant of the air operator certificate marks the completion of all regulatory and compliance requirements for the airline to begin its commercial operations, the airline said in a statement. "We now look forward to commencing the sale of tickets leading to the start of commercial operations soon," managing director and chief executive officer of Fly91, Manoj Chacko said.

Bengaluru, resident welfare associations (RWAs) across the city have implemented strict measures to conserve water. Facing unprecedented scarcity, these RWAs have initiated water rationing and imposed bans on non-essential water usage activities, such as vehicle washing and swimming pool maintenance, a TOI report stated.

Coal India, 360 One Wam , Gujarat State Fertilizers & Chemicals Ltd, Gujarat Narmada Valley Fertilizers & Chemicals Limited, Oil and Natural Gas Corporation , Tech Mahindra, PTC India, ITC , Power Grid Corporation of India , Oil India are amongst top 10 dividend yield picks of Religare Stock Broking. The dividend yield is a financial ratio that shows how much a company pays out in dividends each year relative to its stock price. Dividend yield of 3-5% or more is considered to be good.

By Joe Cash, Ellen Zhang and Kevin Yao

Mahanagar Gas, the leading city gas distributor in Mumbai and surrounding areas, tumbled 16.2% to ₹1,305 apiece in today's intraday trade, reaching a 6-week low. This sharp decline was triggered by a rating downgrade from 'Buy' to 'Sell' by the global brokerage firm Citi. The brokerage also lowered the target price from ₹1,480 to ₹1,405 apiece, citing concerns about the drop in margins.

Cost of Living LIVE Updates March 06: The cost of living is the amount of money one needs to survive in a given place – and one's most essential needs such as food, water, housing, taxes, cost of commute, healthcare, etc. The high rate of inflation has pushed up the cost of living across the globe, burning a hole in the common man's pocket.

All you need to know about India's 1st under-river metro section in Kolkata The Howrah Maidan-Esplanade section passes under the River Hooghly, on the east and west banks of which are situated Kolkata and Howrah City. The 4.8 km stretch between Howrah Maidan and Esplanade is the second section of the East-West Metro corridor between Howrah Maidan and the IT hub Salt Lake Sector V.

Bloomberg on Wednesday moved the Delhi High Court challenging the trial court's order directing it take down an article on Zee Entertainment claiming that SEBI has found accounting irregularities of nearly US $240 million at the company. The High Court allowed the urgent listing of the matter for March 7, 2024. On March 1, 2024, a city court directed Bloomberg Television Production Services India Pvt. Ltd. (Bloomberg) to remove a news article published against media major ZEE Entertainment Enterprises Ltd (ZEEL) from its online platform.

India's first under-river metro tunnel built in Kolkata on Wednesday. In a monumental development set to transform urban transportation, PM Modi is slated to inaugurate several key metro and rapid transit projects across countries, marking a significant stride towards enhancing urban mobility and connectivity. The Kolkata Metro extension, featuring the Howrah Maidan-Esplanade Metro section, includes the first transportation tunnel in India to pass under a major river, representing a critical milestone in the country's infrastructure development.

Congress government in Karnataka government to step in to regulate supply. The shortage hasn’t just affected the drinking water supply, but it has also had an impact on irrigation. Of the 14,700 borewells in Bengaluru, 6,997 have dried up, as per reports.

Also Read | Bengaluru water crisis: Housing society in Whitefield introduces ₹5,000 fine for misuse, deploys guard Bengaluru's water woes have intensified as borewells across the city have run dry, prompting residential societies to advise residents to be cautious with their daily water usage. Amid the crisis, private water tankers have been charging exorbitant rates, with some demanding up to ₹3,000 for delivering water, as per the report. Also Read | Bengaluru Prison Radicalisation case: NIA conducting searches in 17 places across 7 states Addressing this issue, Shivakumar stated, "Some of the tankers are supplying water for ₹600, while others are charging up to ₹3,000.

₹500 to ₹2,000 for a tanker have been addressing the residents daily needs. Following a series of emergency meetings on Tuesday, March 5, another decision was taken that involved tankers owned by the Karnataka Milk Federation to be cleaned, and deployed to supply water in the city.