Citi Financial News

Modi will on February 26 lay the foundation stone of 550 Amrit Bharat stations to improve facilities at railway stations by developing rooftop plazas and city centres at a cost of Rs 40,000 crore. The prime minister will also lay the foundation stone of nearly 1,500 road overbridges and underbridges across different states during a function that will be conducted virtually at over 2,000 railway stations, officials said on Wednesday. The prime minister will join the function via videoconferencing. Prizes will also be given to about 50,000 school students who had participated in speech, essay and poetry writing competitions on the «2047 — Viksit Bharat ki Railway» theme, organised by the Indian Railways across 4,000 schools.

PM Modi will participate in the Golden Jubilee celebration of the Gujarat Cooperative Milk Marketing Federation (GCMMF). "The Golden Jubilee celebration of GCMMF will witness participation of more than 1.25 lakh farmers at Narendra Modi Stadium, Motera, Ahmedabad." On the same day, he will "dedicate to the nation and lay the foundation stone of multiple development projects worth more than ₹22,850 crore" in Mahesana and Navsari.

Six suspected OTC crypto scammers were arrested in Incheon, South Korea, police in the city confirmed on February 20.

light rainfall or drizzle in parts of the national capital today, February 21, Wednesday. The mercury settled at 12.2 degrees Celsius, normal for this time of the season. A cloudy sky is expected in the city with a likelihood of rain during the day, as per the weather forecast, PTI reported.

₹10,000 for people not allowing emergency vehicles like fire trucks and ambulances to pass through amid heavy traffic jams in the city. DCP (traffic) Virender Vij said a zonal officer of Gurugram traffic police will also make video recordings of the incident. Offenders who do not give way to vehicles of emergency services such as ambulances and the fire brigade will get online challans without any delay, the DCP said.

Mexico's president acknowledges the armed forces have taken over yet another civilian role: filling potholes on the nation's highways

Federal Bank fell 5.3% on Tuesday as the elevation of KVS Manian at Kotak Mahindra Bank dashed expectations of the senior banker joining the Kerala-based lender. The stock had risen recently on reports that Manian is one of the top candidates for Federal Bank's next chief. «We believe any stock run-up attributed to this news flow should come off,» said brokerage Emkay Global's analysts Anand Dama, Kunaal N, and Marazbaan Dastur in a client note. «This raised hopes for the replacement… with a pedigreed external candidate from a large bank as MD.»

FMCG) industry after the slowdown became more pronounced in the December quarter. Overall volumes, which indicate number of products consumers bought, expanded 5.2% in the December quarter, lower than 6.9% in the September quarter. Sales volumes in rural markets climbed 4.8%, and in cities by 5.6%, from a year earlier, data from Kantar showed. Kantar monitors branded and unorganised products, including unpackaged voluminous commodities. Nielsen, on the other hand, tracks primarily branded retail sales. “We are likely to see another drop in the next quarter, and the current trend of slowdown is expected to stay deep into 2024," said K Ramakrishnan, managing director, South Asia, Worldpanel division, Kantar. «The mild slowdown we saw in the September quarter became even more pronounced in the December quarter.”

Iron Reign, an upcoming Spanish Netflix Original, is a limited series that delves deep into the intricate world of drug trafficking in Barcelona. With the city's sea port serving as a key location, the series unfolds a tale of power, betrayal, and revenge, a report of What’s on Netflix said.

Evercore ISI senior managing director Mark Mahaney reveals his top tech stocks ahead of the market opening, arguing that Meta and DoorDash’s stock are good investments.

Karnataka Assembly on Tuesday passed a bill to slash the penalty on property taxes in Bengaluru city limits by 50 percent. The bill is titled Bruhat Bengaluru Mahanagara Palike (BBMP) Amendment Bill 2024. Deputy Chief Minister D K Shivakumar, who holds the Bengaluru development portfolio, tabled the bill in the Legislative Assembly. «With the passing of this Amendment Bill, the penalty amount is halved, saving Bengalureans a whopping Rs 2,700 crores. The BBMP will be able to collect penalties worth Rs 1000 crore,» a statement issued by Shivakumar's office said.

Indian farmers who have been protesting for a week to demand guaranteed crop prices have rejected a proposal from the government, and say they will continue their march to New Delhi

New figures from the gambling industry show America's commercial casinos won more than $66 billion from gamblers in 2023, the industry’s best year ever

Capital One Financial is betting that Americans will keep shopping and use a credit card to pay for their purchases at stores and on the internet

Mint explains. The Special Economic Zones Act, 2005 was introduced to drive exports by giving tax breaks to firms operating in SEZs. The tax benefits ended in 2020, but higher compliance requirements continued.

₹10,000 crore and create 35,000 jobs, something that failed to materialize as owners chose to continue to sell old vehicles in rural areas instead. “The reason for the failure of this scheme is lack of incentives," said a government official, one of the two people cited above. "So, the plan is that both the government and automobile manufacturers offer incentives to the consumers—government incentives may come in the form of taxes, and auto manufacturers incentive could come in the form of discounts on the price of the vehicle," the official added.

'Kudlow' panelists Russ Vought and Michael Faulkender discuss the Trump administration's tax code.

Greece’s prime minister has ruled out any further concessions to protesting farmers, on the eve of their planned rally that will see tractors converging on central Athens

Thousands of travelers across Germany have found themselves stranded after ground staff walked off the job at seven of the country’s biggest airports

Polish farmers have blocked border crossings with Ukraine as they intensify nationwide protest against the import of Ukrainian foods and European Union environmental policies

PVR INOX cinema is offering movie tickets for ₹99 only this Friday i.e. February 23 to celebrate Cinema Lovers Day. This is a huge cut down from the normal ticket price which can be in the range of ₹200-800 depending on the theatre and the city.