Citi Financial News

Super Bowl LVIII victory parade for Kansas City Chiefs is scheduled for Wednesday morning. The City Manager of Kansas City has indicated that he had already informed Taylor Swift's representatives about the city's potential challenges in managing the additional traffic that might arise if the megastar decided to attend, as per a report in New York Post. As Swift's Eras Tour resumes on Friday in Australia, there's speculation that she might extend the celebrations by joining her boyfriend Travis Kelce for the Chiefs' third parade in five seasons, New York Post reported.

GIFTCL) has invited bids to build the first ultra-luxury hotel in the domestic tariff area of GIFT City with at least 300 keys and development rights for at least 500,000 sq. ft. The development tracks the Gujarat government’s recent decision to exempt GIFT City from a 63-year-old liquor prohibition law in the state to attract foreign companies to invest in the city. GIFT City currently has a hotel and a club designated in the five-star segment. However, the proposed development will be the first to cater to the ultra-luxury segment.

Rudra Gas Enterprise IPO: The initial public offering (IPO) of small and medium-sized enterprises (SME) Rudra Gas Enterprise concluded on Monday, February 12, 2024 and the allotment status has been finalised today (Tuesday, February 13). The investors who applied for the issue can check the Rudra Gas Enterprise IPO allotment status in the registrar's portal, which is Link Intime India Private Limited. Investors can find out if and how many shares they have been given through the basis of allotment.

Joe Biden said he's pushing for a six-week pause in fighting between Israel and Hamas to allow for the release of hostages, saying that could lay the groundwork for broader peace. Such a pause «would bring an immediate and sustained period of calm into Gaza for at least six weeks, which we could then take the time to build something more enduring,» Biden said Monday following a meeting with Jordan's King Abdullah II at the White House.

MEXICO CITY (Reuters) — Mexican antitrust regulator Cofece on Tuesday said it had identified «possible barriers» to competition in the e-commerce market, with Amazon (NASDAQ:AMZN) and Mercado Libre together controlling more than 85% of transactions and sales.

Yotel is in advanced discussions and is evaluating opportunities to hopefully sign its maiden hotel project in India this year, said its chief executive Hubert Viriot. In an interview to ET, he said, “The population density, the growth in domestic and international travel are factors that are conducive for us to be successful in India. Apart from looking at specific projects, we are also in advanced discussions with a number of groups for potential partnerships here. I am quite confident that we should succeed this year, and that we should be able to announce our first partnership here this year.” Yotel has hotels around airports and city centres in markets such as Singapore, London, New York, Istanbul, San Francisco, Washington DC and Paris. Backed by the Al-Bahar Group and Starwood Capital Group, it works with private equity funds, pension funds and real estate developers to build hotels that it claims are designed for 'Generation Go' or young professionals on the move.

(Reuters) — Citigroup may need to prioritize fixing regulatory issues amid its global reorganization efforts, analysts at J.P.Morgan wrote in a note.

Indian community greeted Prime Minister Narendra Modi as he reached the hotel on the first day of the two-day visit to Abu Dhabi on Tuesday. Modi reached here earlier in the day to participate in the 'Ahlan Modi' ('Hello Modi' in Arabic) and address the large Indian community at the Zayed Sports City Stadium here later in the evening and on Wednesday would be inaugurating the largest Hindu temple in the UAE. As Modi reached the St Regis hotel after a bilateral meeting with Sheikh Mohamed bin Zayed Al Nahyan, the President of the UAE, men, women and children alike, all dressed in their colourful best traditional wear, gathered on a flight of steps at the hotel lobby and also overlooking from the first-floor lobby, engaged in cheerfully shouted slogans such as 'Modi Hai Toh Mumkin Hai,' 'Har Ghar Modi, Ghar Ghar Modi' and even 'Ahlan Modi.' Modi responded by waving back at them.

US President Joe Biden's cognitive abilities have been raised after he made one more gaffe publicly. While hosting the King of Jordan, Abdullah II at his official residence White House, he appeared confused on the stage. As the Jordanian King was ready to speak, Biden started looking for a mark on the floor to know the right place to stand. He wavered between two locations before deciding to proceed to Abdullah's left and in front of the Jordanian flag.

nor'easter looms over New York's special election set for Tuesday, adding a layer of uncertainty and drama to the political landscape. With forecasts predicting heavy snowfall and strong winds in the New York Metro area, this convergence of weather and politics could create the ideal storm of challenges for candidates vying for an ousted congressman's seat, Fox Weather reported. A powerful, fast-moving winter storm was dumping heavy snow on the US Northeast on Tuesday, creating a messy commute for millions of Americans, while forcing schools to close and wreaking havoc on air travel across the region, as per a Reuters report.

Toronto neighbourhood are calling on the municipal government to take action when it comes to a homeless encampment located in their community.The group, comprised of more than a dozen local businesses and residences, has penned a letter to Mayor Olivia Chow and other officials. It raises a number of significant safety concerns.“Residents are experiencing fear, stress and anxiety from this encampment,” the letter reads in part.Clarence Square Park, located near Front Street West and Spadina Avenue, is now largely occupied by tightly-situated tents.The letter is also addressed to Spadina-Fort York councillor and Deputy Mayor Ausma Malik, Toronto Police Chief Myron Demkiw, MPP Chris Glover and MP Kevin Vuong.Residents say they have witnessed a number of incidents over the past several months alone.

BENGALURU : Sula Vineyards, India's biggest wine manufacturer, reported a more than 9% rise in third-quarter profit on Tuesday, helped by increased demand for its premium brands and wine tourism business. The Mumbai-headquartered company said its consolidated net profit rose to ₹42.98 ($5.2 million) from ₹39.28 a year ago.

Narendra Modi received a warm welcome outside his hotel in Abu Dhabi on Tuesday after he arrived in the Gulf country to inaugurate the first Hindu temple in the United Arab Emirates' capital city and participate in the World Government Summit. Members of the Indian diaspora in Abu Dhabi lined up outside the hotel where the Indian prime minister was scheduled to stay and raised slogans of 'Modi-Modi, Modi Hai to Mumkin Hai and Bharat Mata ki Jai' as PM Modi arrived there. The Indian prime minister also warmly greeted the passionate Indian diaspora with namastes and shook hands with some of the members.

A special “Aastha” train, carrying approximately 2,000 pilgrims bound for Ayodhya in Uttar Pradesh, was inaugurated from Goa. The flagging off ceremony, held on Monday evening at Thivim railway station in North Goa district, saw the presence of Chief Minister Pramod Sawant, state BJP president Sadanand Shet Tanavade, and other MLAs. Chief Minister Sawant expressed his excitement about the journey, stating that the entire Goa Cabinet will visit the Ram Mandir on February 15.

A robust 17.4% YoY surge in rents was recorded across 13 major Indian cities, with Gurugram (31.3% YoY), Greater Noida (30.4% YoY) and Bengaluru (23.1% YoY) taking a lead, according to Magicbricks’ flagship Rental Update (October- December 2023).

Assam government has announced that 'Kaji Nemu' (citrus lemon) has been recognized as the state fruit of Assam. Assam Chief Minister Himanta Biswa Sarma stated, «Our government has decided to declare Kaji Nemu (Citrus Limon) as the State Fruit of Assam. With its unique aroma and antioxidant properties, Assam lemon has enriched our local cuisines. With today’s announcement, it is set to shine on the global fruit map, boosting self-dependency and production.»

Swaminathan Committee report. Be it in Maharashtra, Madhya Pradesh, Punjab or Tamil Nadu, farmers from various states over the years have sough the implementation of the MS Swaminathan Commission's recommendations in toto. The capital city, choc-a-bloc with protesting farmers demanding MSP guarantee law, Swaminathan Committee report, Electricity amendment bill and debt waiver.

GoKwik, has reported that the direct to consumer (D2C) brands on its network witnessed 12.72% increase in sales during the Republic Day sale week compared to the week prior. The GMV or Gross Merchandise Volume also saw a nominal rise of 10%. The growth in the first quarter of FY 2024 has been muted after a great performance in the last quarter of 2023, despite Republic Day, which is usually a marquee sales event at the start of the year to give the necessary boost to brands. “With shoppers going all out in the long festive season sale period in 2023, followed by the Black Friday sale that has increasingly grown popular amongst Indians, a modest surge in the Republic Day sale period could be a natural resting period in the first month of 2024. Moreover, with macro headwinds such as high-interest rates, layoffs, etc, shoppers might have been more conservative in their spending this time around. However, this seems to be a temporary trend and the consumption is likely to pick up with D2C’s favourite Valentine’s Day sale period coming up,” said Chirag Taneja, Co-Founder and CEO, GoKwik.

By Hyunjoo Jin and Abhirup Roy

BJP will win all the seven Lok Sabha seats in Delhi with huge margins whether or not the AAP and Congress have an alliance, BJP's city unit president Virendra Sachdeva said on Tuesday. His reaction came as the AAP asserted it will contest six seats in the national capital, leaving just one for senior INDIA bloc ally Congress. The AAP has shown the Congress its reality in Delhi, Sachdeva said. «No matter whether the AAP and Congress have an alliance, we are going to win all the Lok Sabha seats, polling at least 65 per cent votes in the coming elections,» claimed the Delhi BJP president.

Maharashtra, Karnataka, Gujarat, West Bengal and New Delhi — witnessed an average growth of around 27-30% in AAUM (average assets under management) in January 2024 on a year-on-year basis, according to a report by ICRA Analytics. In terms of contribution, these 4 states and Union Territory accounted for nearly 68.46% of the total AAUM of Rs 52.89 lakh crore in January 2024, marginally down from a contribution of 69.43% in January 2023, stated the report. The average asset under management of Maharashtra stood at Rs 21.69 lakh crore in January witnessing year-on-year growth of 27% from Rs 17.13 lakh crore in January 2023.