Citi Financial News
16.02 / 16:33
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Features
London Fashion Week: A cheat sheet that will help you celebrate the 40th anniversary
London Fashion Week launches its 40th anniversary season on Friday with a city-wide extravaganza, featuring a «Love Letter to London» campaign and a plethora of special events spanning from Selfridges to Number 10 Downing Street. «London Fashion Week still carries the same spark it did 40 years ago,» remarks Caroline Rush, CEO of the British Fashion Council (BFC), the organizer of LFW. «I continue to be inspired by the designers; they never fail to surprise me. Watching them evolve as both creatives and business leaders is incredibly rewarding. There's a palpable anticipation and energy coursing through the city this season.»
16.02 / 16:33
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reports
Kyiv says Russia has fired at least 24 North Korean ballistic missiles at Ukraine
Russia has fired at least 24 North Korean ballistic missiles at Ukraine since Dec. 30, in strikes that have largely missed relevant military targets and killed at least 14 civilians, Ukrainian authorities said on Friday. Andriy Kostin, Ukraine's prosecutor general, said a preliminary assessment enabled Kyiv to ascertain the ballistic missiles were from North Korea, and of the KN-23/24 series, the latest in an array of missiles used by Russia for air strikes. The Kremlin has neither denied nor confirmed its use of North Korean-made missiles and ammunition.
16.02 / 16:23
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Kansas City Super Bowl parade shooting appears caused by dispute: police
mass shooting that unfolded amid throngs of people at the Kansas City Chiefs’ Super Bowl celebration, killing one person and wounding almost two dozen others, appeared to stem from a dispute between several people, authorities said Thursday.Police Chief Stacey Graves said the 22 people injured Wednesday ranged between 8 and 47 years old, with half under 16. A mother of two was killed.Police said they detained three people from the shooting but released one person they determined wasn’t involved, leaving two juveniles in custody. No charges have been filed.
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16.02 / 14:31
markets
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Fashionable fan apparel is in the spotlight. There's still an untapped market for the NFL
Taylor Swift in January donned a red puffer jacket with boyfriend and Kansas City Chiefs’ tight end Travis Kelce’s number for a playoff game
16.02 / 14:31
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16.02 / 14:31
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Southern
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Lawmakers slam decision by city in southern Norway to only take in Ukrainian refugees and not others
Lawmakers in Norway have slammed a decision this week by a southern city to only take in Ukrainian refugees and not others, claiming they'll integrate easier into the society
16.02 / 14:31
COST
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International
Cleveland-Cliffs to shutter West Virginia tin plant and lay off 900 after tariff ruling
Cleveland-Cliffs is shutting down a northern West Virginia tin production facility indefinitely and plans to lay off 900 workers
16.02 / 12:54
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travelers
South Africa eyes 1 lakh tourists from India in 2024
South African Tourism Board on Friday said it is expecting to welcome 1 lakh tourists from India this year, breaching the pre-COVID level. It is focusing on travellers from tier II cities to tap the huge potential in the smaller cities. Click & check your eligibility for immigration Find out «We hosted over 79,000 Indian travellers in 2023, which is 82 per cent of the pre-Covid levels. In 2019, 95,000 Indian visitors travelled to South Africa, and this year, we are expecting the footfalls from India to cross 1,00,000 tourists.
16.02 / 12:21
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ANZ plans to set up a fourth branch in India at Gift City
₹19,421.3 crore as of 31 March 2023, according to regulatory disclosures. “We are focused on supporting our customers and where they want us to be, so we are looking into setting up a Gift City branch. Our customers are going to have operations in Gift City and that’s where we want to be to support them and their flows," Vasic said.
16.02 / 12:07
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Weekend
Has a global investment bank banned the long weekend?
Deutsche Bank’s decision to ban staff from working at home Friday and the following Monday — a common practice at firms that come to the office three days a week — has drawn a new line in the sand in the ongoing tussle between bosses and workers.
16.02 / 11:33
Citi
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Airlines
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International
Destinations
Mumbai
Akasa Air to start international operations on March 28; first flight to connect Mumbai with Doha
Akasa Air will operate four non-stop flights a week, connecting Mumbai with Doha, enhancing air connectivity between Qatar and India," the airline said in a release. Bookings for flights are now open on Akasa Air’s website www.akasaair.com, Android and iOS app and through multiple leading OTAs, with return fares starting at ₹29012. With this, Akasa Air becomes the first Indian airline to fly overseas in a record period of 19 months since its inception.
16.02 / 10:49
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Himachal Pradesh tops in 2024's ‘most welcoming region in India’ list. Check full list here
Also Read: PM Modi to inaugurate first Hindu temple in UAE, travel to Qatar this week — Check full schedule, key details Last year, Goa's Palolem and Agonda cities had secured the first and the second rank in Most Welcoming Indian cities list. The list was followed by Mararikulam, Hampi, Khajuraho, Tekkady, Jaisalmer, Bir, Munnar and Kerala.
16.02 / 08:09
Citi
Remark
Metro
performer
country
Investigations
PM Modi takes a jibe at Congress, labels ‘Modi virodh’ as party's sole agenda
Prime Minister Narendra Modi on Friday launched a verbal attack on the Congress party, alleging that its primary agenda revolves around opposition to him, describing it as ‘Modi Virodh’ and ‘Ghor Modi Virodh’. PM Modi made these remarks while addressing the program ‘Developed India-Developed Rajasthan’. He said, "Congress has only one agenda, to abuse Modi...they don't even take the name of Vikshit Bharat because Modi works for it.
16.02 / 06:08
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Highways
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NOT
Calgary mayor ‘can’t believe’ comments made by federal minister about not funding new road projects
Jyoti Gondek, Calgary’s mayor, is the latest politician to raise concerns over comments made Monday by federal Environment Minister Steven Guilbeault in which he reportedly said his government “has made the decision to stop investing in new road infrastructure.”
16.02 / 05:25
UPS
Citi
Provident
Hyundai
Highways
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80% in just 21 minutes: Hyundai expands ultra-fast EV charging network in India
Hyundai Motor India is taking a significant leap towards making electric vehicles more accessible across the country. The company has recently expanded its ultra-fast EV charging network by setting up 11 new charging stations in various cities and along major highways. These new charging stations are strategically placed to benefit cities like Mumbai, Pune, Ahmedabad, Hyderabad, Gurugram, and Bangalore. They are also located along highways such as Delhi-Chandigarh, Delhi-Jaipur, Hyderabad-Vijayawada, Mumbai-Surat, and Mumbai-Nashik. The aim of these charging stations is to provide quick and convenient charging options for electric vehicle owners. Most of them operate 24/7, catering to both city dwellers and long-distance travelers. The charging stations utilize advanced technology that enables vehicles to be charged rapidly and efficiently. For example, the Hyundai IONIQ 5, one of Hyundai's electric vehicle models, can be charged from 10% to 80% in just 21 minutes using these chargers. To make the charging process even more convenient, customers can use the MyHyundai app. The app allows users to discover charging stations, navigate to them, pre-book charging slots, make digital payments, and monitor the charging status. Looking ahead, Hyundai plans to further expand its ultra-fast charging network to 10 or more new locations by 2024. Additionally, as part of an agreement with the Government of Tamil Nadu, Hyundai aims to install 100 charging stations by 2027.
15.02 / 23:05
15.02 / 19:33
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Citi
WhatsApp
Courts
Unitop shareholders drag Rossari Bio to arbitration
Unitop Chemicals started arbitration against promoters of Rossari Biotech, the company which had acquired Unitop in 2021. The Unitop shareholders have alleged that Rossari Biotech has breached the agreement for acquiring 100% stake in Unitop Chemicals. In 2021, Rossari Biotech had agreed to acquire 100% stake in Unitop in 3 tranches for ₹415 crore. However, Rossari have acquired 80% stake in Unitop in two tranches and refused to acquire the remaining 20% stake worth ₹83 crore, they allege. On 2 June 2021, a sales and purchase agreement (SPA) was executed between the two parties, under which Rossari Biotech would purchase the shares in Unitop in three tranches for an aggregate consideration of ₹ 415 crore.
15.02 / 19:33
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Booking
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PINK
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International
NARCL seeks Rs 2,700-crore funds to grow bad loan biz
debt to expedite the purchase of stressed loans, said people with knowledge of the matter. The ARC has initiated talks with private and government-owned banks to raise five-year debt, preferably in the form of non-convertible debentures (NCD). The ARC will use the funds to make cash payments to banks against the purchase of non-performing loans. NARCL offers 15% of consideration as cash payment, and balance 85% is paid in the form of security receipts paid on recovery of loans or at the end of five years or whichever is earlier. The fundraise would enable NARCL to acquire about ₹20,000 crore bad loans from banks. NARCL did not respond to ET's request for comments.
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