Citi Financial News

(Reuters) -Alphabet's Waymo said on Tuesday it will begin driverless passenger services for its employees in Austin, Texas starting Wednesday.

SAO PAULO (Reuters) — Japanese auto maker Toyota (NYSE:TM) officially announced on Tuesday an 11 billion real ($2.22 billion) investment in Brazil, saying it will be made in two parts by 2030, and include the output of a new vehicle specially designed for the country's costumers.

India’s local governments are weak despite the 73rd and 74th Constitutional amendments. They effectively serve as extended implementation arms of state governments, rather than as an independent tier of government. If India has to deliver on its promise of Viksit Bharat by 2047, we must radically change how we view our local governments.

By Simon Jessop, Isla Binnie and Ross Kerber

Investing.com — The recent surge in the price of gold has captured the attention of investors. As gold closed at record-breaking highs, many are wondering whether it's still a prudent time to invest in the precious metal.

DLF, the country's largest real estate developer, is in discussions with Bharti Realty to acquire under-construction phases of Aerocity in Delhi with a total development potential of 17 million sq ft, according to three sources familiar with the matter. About 5 million sq ft of the total portfolio will be retail, and once completed, the project is expected to generate an annual rental income of ₹5,000 crore. The first phase of Aerocity was also developed by Bharti, but later Canada's Brookfield Asset Management acquired a 51% controlling stake in Rostrum Realty, a real estate joint venture company in which Sunil Mittal-led Bharti Enterprises holds the remaining 49%. «GMR has the lease for the entire area until 2066, and when the bid was invited for the first time, DLF participated, but it was awarded to Bharti. It has again initiated the process to acquire the asset to further strengthen its rental portfolio,» said one person familiar with the matter.

The Montreal company that operates the Just for Laughs comedy festival has cancelled this year’s edition as it seeks to avoid bankruptcy.

Elon Musk's stark warnings, has thrust President Joe Biden's immigration policies into the spotlight. Musk alleges a perilous strategy, likening it to «importing voters» and raising concerns about national security that could surpass the impact of 9/11.

By David Lawder

According to Citigroup strategists, bullish sentiment in US stock futures saw a moderate increase last week, signaling a tempered pace compared to recent trends.

₹52 lakh crore. “This will ensure that only genuine requests are likely to be initiated as there is no instant gratification for anyone in this," said Amol Joshi, a mutual fund distributor and founder of PlanRupee Investment Service.

Amidst unprecedented global uncertainties beginning early 2023, the Indian real estate sector not only weathered the storm but has emerged as a beacon of resilience and adaptability during the year. On annual basis, housing prices rose between 10% and 24% across the top 7 cities, primarily due to increased input costs and strong demand.

The ‘bigger is better’ mantra continues to drive the Indian housing market. The FICCI-ANAROCK Consumer Sentiment Survey (H2 2023), unveiled at the FICCI Real Estate Summit in Delhi today, finds that the highest homebuyer demand is now for 3BHKs, with at least 50% respondents picking this size. 38% respondent favour 2BHKs. The demand for 3BHKs stood at 42% in the H2 2022 edition of the survey.

Gurugram, renowned as the Millennium City, has long dominated NCR’s office and residential landscape, where modern India works and lives. However, suburban regions like Manesar, Bhiwadi and Sohna Road are now offering serious competition driven by affordable housing and buoyant commercial activity. For real estate investors in 2024, weighing rental yields across zones is key to identifying assets with maximum appreciation potential.

Bengaluru, the Silicon City of India, is facing a serious water crisis. There has not been enough rain in the region which has caused the water level in the Cauvery River to drop. This shortage has not only impacted irrigation but also created a drinking water crisis in some areas of the capital city of Karnataka.

working women are keen to become entrepreneurs and start their own businesses, finds a survey. A survey among more than 10,000 working women aged 24-55 across the metros, tier 1 and 2 cities has found that as many as 76 per cent of them expressed a desire to start their own businesses, according to Indialends, which is an online marketplace to provide data on personal loans and credit cards. As much as 86 per cent of the working women surveyed expressed a desire to learn and upskill themselves in areas like budgeting, investing, saving and other financial instruments. The survey also reveals stories of women entrepreneurs taking charge and 68 per cent of the women entrepreneurs surveyed said they manage their company accounts independently, and only 32 per cent of them are dependent on their professionals/ husbands/family members for this.

Axonius, a startup which help companies manage their cybersecurity infrastructure, said it has raised $200 million at a $2.6 billion valuation, a sizable funding amount in a relatively muted market for growth and late-stage startups. Founded in New York City in 2017, Axonius' software helps IT and security teams manage their IT environments, including devices, users, software and cloud services, so they can mitigate threats and manage security risks.

Bengaluru residents.

Bharat Jodo Nyay Yatra led by Rahul Gandhi was greeted with chants of «Modi-Modi» when it was passing through Shajapur city in Madhya Pradesh on Tuesday, prompting the Congress leader to stop his convoy and meet the BJP workers who raised the slogans. Gandhi was also seen blowing a flying kiss to the BJP workers from his vehicle before it moved forward. Gandhi's yatra entered the Bharatiya Janata Party-ruled Madhya Pradesh on Saturday afternoon. While it was passing through Shajapur, a group of BJP workers led by corporator Mukesh Dubey were seen raising slogans of «Modi-Modi» in praise of Prime Minister Narendra Modi on A B Road. Seeing them, Gandhi asked the vehicle to be stopped near them. The former Congress chief them disembarked from the vehicle and met them.

FSSAI) has confirmed that McDonald’s India uses 100% real cheese, Westlife Foodworld said in a stock exchange intimation on Tuesday. «The verification confirms the brand’s assertion that it uses 100% Real Cheese and that it does not use any cheese analogues or substitutes in any of its products,» the company said. Further, the west and south zone of McDonald’s India has also received results of tests done by an NABL-accredited lab, confirming use of 100 per cent real cheese across its products, Westlife said.

«Caution: robot!» chirps the green self-driving delivery vehicle as it trundles down the street to a pork cutlet restaurant in Tokyo to pick up a meal ordered on Uber Eats.