Citi Financial News

The Conference Board chief economist Dana Peterson says the LEI is great for the goods economy on Making Money.

Stratos Wealth Partners has just bolstered its advisor network by recruiting a California team with a hefty book of business.

interest rates and resilient home prices mean most Canadians are getting less for their homes at the $1-million benchmark, according to a new Royal LePage report.The analysis comes as would-be homebuyers continue to struggle with housing affordability, which market watchers say worsened again at the end of last year.Royal LePage released a study Thursday morning that reviewed the average square footage, bathrooms and bedrooms available for homes listed around the $1-million price tag (give or take $50,000 or so) in major cities across Canada in December 2023.The national average for a million-dollar home comes with an average of 3.2 bedrooms, 2.6 bathrooms and 1,760 square feet of space, according to the national real estate brokerage.That’s relatively consistent with a similar report from last year, but in most cities, the amount of space available in the typical $1-million home shrank year-over-year.And across those cities, there was a steep variability between what homebuyers are getting for a million dollars.“It is all about perspective,” Karen Yolevski, COO of Royal LePage, tells Global News. “Depending on where you are in Canada, where you may be looking for a home, $1 million can mean something dramatically different.”Coming in at the bottom of the pile was the core of Vancouver, which offers an average 900 square feet of space at the million-dollar mark.

Tata Group and Reliance Industries, two of India's largest conglomerates, are vying for premium retail real estate in Mumbai as they extend their footprints, creating rivalry in a city starved of marquee properties. From Zara and Starbucks to Westside and Titan, the Tata Group occupies nearly 25 million square feet of retail space in India. That is still no match for Reliance Industries that control three times more at 73 million sq ft for more than 100 local and global brands. But in Mumbai, they are evenly matched, having nearly 3 million sq ft of retail space each. That is a quarter of what is considered the most prime retail real estate in the country, and both the retail giants are looking for more. «In a modern retail environment, most visible locations contain more successful or larger brands. It just so happens that many of those brands are owned by either Reliance or the Tatas,» said Devangshu Dutta, founder of Third Eyesight, a strategy consulting firm.

asset reconstruction companies including global fund JC Flowers ARC and Varde Partners-backed Aditya Birla ARC are participating in the Swiss auctions that lenders have initiated for three road projects — Pink City Expressway, Haridwar Highways Project, and Rohtak Hissar Tollway — and Metenere, a manufacturer of recycled non-ferrous products. Kotak Mahindra Bank-sponsored Phoenix ARC, Omkara ARC, and Prudent ARC too are among those who have submitted bids for either all four or a few of these stressed debt on sale, based on binding bids from the government-backed bad bank National Asset Reconstruction Company Ltd (NARCL), a person familiar with the development said. «The Swiss auction is triggered after NARCL submitted binding bids for these assets and after the highest bidder is announced, NARCL will be given the right to match the offer,» the person said. «Lenders want to close the sale of these NPLs before the end of this financial year.»

₹61.5 million, or about ₹200 per vehicle. This made sense, because the toll for traversing the whole bridge is ₹250, with smaller amounts for shorter stretches. Sounds like a lot of cars? Sounds like there was plenty of early curiosity about this sparkling new addition to the Mumbai landscape—or seascape, rather—and that settled down to a more routine flow of vehicles? Maybe so.

Gurugram, 22nd February, 2024: Gurugram's pioneering embrace of drone delivery adoption marks a significant leap into the future. By championing drone technology, Gurugram is not only revolutionizing the logistics landscape but also setting a precedent for other cities across India. The seamless integration of drones into the urban environment not only underscores the city's commitment to innovation but also reinforces its status as a hub for disruptive technologies.

loans to electric vehicle (EV) technology manufacturing ventures, although the Biden administration still has $221.8 billion in loan capacity to fund clean-energy projects. Jigar Shah, director of the energy department's loan program office, told Reuters in Detroit that applications for $80 billion in financing have come to his office within the past two months from «very sophisticated players.»

₹5,000, featuring 7 top picks. Indoor air quality is increasingly vital in today’s world and these budget-friendly solutions offer peace of mind and cleaner living spaces, especially if you live in big cities where pollution is at an all-time-high. Our picks include air purifiers with compact designs and powerful filtration systems, making each purifier a meticulously chosen device to meet varying needs of different users while staying within budget constraints.

(Reuters) -A cellular outage early on Thursday hit thousands of AT&T (NYSE:T) users in the United States, disrupting calls and text messages as well as emergency services in major cities including San Francisco.

Students learn the procedures and protocols needed to respond to emergencies.

planned to run four buses over the MTHL on an experimental basis from February 20. However, the Times of India reported that the number was raised to six due to "commuter demand". ALSO READ: Atal Setu: Built With 17 Times More Steel Than Eiffel Tower! The report quoted an official as saying on Wednesday that during the inaugural run on Tuesday, as many as 150 passengers travelled by Shivneri bus between Mumbai and Pune.

Grasim Industries share price has seen almost 40% rise as it scaled 52-week high on Thursday. The launch of Paint business is adding to optimism on earnings growth.

₹40,845 crore from ₹5,907 crore during the same period. The slow burn of bankruptcy filings may be about to end The average ticket size of these loans has reduced from ₹26,794 to ₹9,816 on the back of a higher volume of small ticket loans, the report added. On loan delinquencies, the report said it constituted 3.6% of the total portfolio of the Fintech as of September 2023.

venture fund, backed by integrated incubator and accelerator for startups Venture Catalysts and NeoVon, is looking to raise Rs 400 crore in the first phase of a total Rs 800 crore proptech sectoral fund aimed at enabling major investments in over 30 Indian startups. The maiden fund is set to invest in early and growth stage companies with ticket sizes ranging from Rs 2-8 crore in early stages and Rs 15-40 crore in growth stage series A and B rounds.

doctor loan stands as a pivotal tool tailored to meet your specific needs and goals. That's why Bajaj Finance offers the doctor loan, meticulously crafted for medical professionals like you. Doctors across various states in India, such as Maharashtra, Tamil Nadu, Andhra Pradesh, Gujarat, and others, can effortlessly access a Bajaj Finserv Doctor Loan.

The resurgence of Global Capability Centers (GCCs) has helped demand for Grade A office spaces make a comeback. This has meant an improved leasing trajectory for office asset owners, who have been grappling with muted demand lately. In a spillover effect of challenges facing the Indian IT sector, leasing took a beating given that technology companies have been top contributing tenants for Grade A offices until recently.

Vande Bharat trains, which are semi-high speed and self-propelled and which showcase India's indigenous manufacturing capabilities. In the 1980s and 1990s, the Shatabdi Express trains held a similar status, often referred to as «desi bullet trains.» These day trains typically return to their origin station on the same day, offering high-speed connectivity between major cities with minimal intermediate stops. In a recent interview, Civil Aviation Minister Jyotiraditya M. Scindia, son of former Railway Minister Madhavrao Scindia, shed light on the genesis of the Shatabdi Express trains. Madhavrao Scindia inaugurated the first Shatabdi Express in 1988, linking Delhi and Jhansi to commemorate Jawaharlal Nehru's birth centenary. An accomplished administrator, Madhavrao Scindia left a lasting legacy during his tenure as Railway Minister from 1986 to 1989 in the Rajiv Gandhi Ministry, where he envisioned the Shatabdi Express as a realization of his dreams. Madhavrao Scindia's vision for the Shatabdi Express was inspired by his observations during visits to Japan and France, where he surveyed their high-speed train systems. Accompanied by his son Jyotiraditya, Madhavrao Scindia gleaned insights from these trips, seeking to imbibe the best practices into India's railway infrastructure. In the interview, Jyotiraditya M. Scindia said that his father used to take him on some trips abroad at his own expenses to give him exposure.

Cost of Living LIVE Updates February 22: 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.

Belagavi South assembly constituency, that houses hundreds of industrial units. Shridhar Uppin, Founder & CEO of engineering company Positron, was routinely supervising the operations at his factory, which produces heat exchangers. Despite the shop floor operations going on smoothly, Upin was concerned. He slowly opened up enough to share his worries. “My next generation is not inclined towards managing the company’s operations. They are happy with their regular 9-5 salaried job. I am now thinking of passing on the baton to the most deserving candidate on the shop floor,” said Uppin, 51, a first-generation entrepreneur. However, this was not the only concern. A bigger worry is the infrastructure-related issues plaguing Belagavi’s industrial area. “The city has grown exponentially in the past 10-15 years in terms of industries, but the kind of infrastructure that is required is still missing. Notably, Belagavi is among the top three cities in Karnataka in generating revenue and providing employment. We sometimes feel the city gets a step-motherly treatment from the state government,” said Uppin, the deepening creases on his forehead indicating the extent of his worries.

Gold And Silver Prices Today: Gold prices experienced a slight decrease on Thursday. The price of 24 carat gold in Delhi is Rs.6319.2 per gm, a decrease of Rs.3.0, while the cost of 22 carat gold is Rs.5788.3 per gm, down by Rs.4.0. The price change in 24 carat gold over the last week has been -2.17%, whereas in the last month it has shown a decrease of -0.05%.