Citi Financial News

urban pollution and congestion problem, said JoeBen Bevirt, founder of Joby Aviation. Speaking here on Saturday, he said the company is looking to launch in India after it launches commercial operation in 2025. Joby Aviation is a California-based aviation company, developing an electric vertical takeoff and landing (eVTOL) aircraft that it intends to operate as an air taxi service. Besides many other venture-backed funds, the company has raised a $590-million-funding round, led by Toyota Motor Corporation.

Quebec’s tourism minister says demolishing Montreal’s Olympic Stadium would cost $2 billion, but that estimate is raising questions because other North American cities have torn down stadiums for hundreds of millions of dollars less.

Delhi government has come up with a draft policy aiming to decongest the city by setting up a network of freight villages and micro-delivery hubs and relocating logistics infrastructure to the periphery of the national capital, officials said on Saturday. Around 1.93 lakh vehicles enter Delhi and leave the city every day. Out of these, about 79 per cent vehicles have business inside the city like unloading of goods and carrying finished products and commodities to various parts of the country. It is estimated that the goods vehicle traffic will increase to about 5.13 lakh trucks by 2042 in the city, according to the policy document. The 'City Logistics Policy' draft has been put in public domain by the Industries department for having feedback of stakeholders like transporters, logistics agencies, traders and industry before finalising and notifying the policy, officials said.

I think things like GIFT City is a great way, it is clearly an initiative designed to bring money into India and those kind of incentives are incredibly effective, says Jenny Johnson, President & CEO, Franklin Templeton. Edited Excerpts

electric vehicles and EV Battery Manufacturing Project. This ambitious initiative will unfold across two cities in Odisha.

Uddhav faction leader Abhishek Ghosalkar shot dead during Facebook live Ghosalkar, 40, son of Sena (UBT) leader Vinod Ghosalkar, was shot dead during a Facebook Live by local businessman and social activist Mauris Noronha on Thursday evening. Noronha later killed himself, police said.

In August, Ali Bongo, then-president of the Central African nation of Gabon, made a startling revelation to a top White House aide: During a meeting at his presidential palace, Bongo admitted he had secretly promised Chinese leader Xi Jinping that Beijing could station military forces on Gabon’s Atlantic Ocean coast. Alarmed, U.S. principal deputy national security adviser Jon Finer urged Bongo to retract the offer, according to an American national security official.

The American pork industry has a problem: It makes more tenderloin, ham, sausage and bacon than anybody wants to eat. From giant processors to the farmers who supply them, they are in a predicament largely of their own making. They made production so efficient that demand can’t keep up with supply.

BLive, a startup that offers a wide range of EVs and related services through a digital platform. In his response to our questionnaire, Kholkar said that India's EV market has great potential. He also discussed EV subsidies, BLive's financials, and business plans. Edited excerpts: Tell us something about BLive At BLive, we are on a mission to drive the adoption of sustainable mobility. My co-founder Sandeep and I, come from corporate backgrounds and always had the vision of creating something that could drive positive and meaningful impact and we chose electric vehicles as they are a perfect fit to addressing the current growing transport need of our country.

Teri Baaton Mein Aisa Uljha Jiya Box Office Collection Day 1: Bollywood movie Teri Baaton Mein Aisa Uljha Jiya, starring Shahid Kapoor and Kriti Sanon, was released on February 9. Upon its release, the movie collected ₹6.50 crore. As per media reports, the movie has been made with ₹75 crore.

National Investigation Agency (NIA) conducted multiple raids in Jammu and Kashmir on Saturday as part of its crackdown against elements allegedly involved in terror funding and radicalisation of youngsters, officials said. The raids are underway at different places, including Gujjar Nagar and Shaheedi Chowk in Jammu city, they added. The officials said a private school and premises linked to three of its functionaries, including the house of the chairman, were raided by the NIA sleuths. The residences of two former leaders of banned outfit Jamaat-e-Islami Jammu and Kashmir were searched in Kulgam district, the officials said.

Benjamin Netanyahu has ordered the army to prepare to «evacuate» hundreds of thousands of Palestinians from Gaza's Rafah, his office said Friday, after Washington warned it would not support any ground assault on the city. The show of defiance against Israel's main ally came after President Joe Biden issued his strongest criticism yet of Netanyahu's conduct of the war, warning the response to Hamas's October 7 attack had been «over the top». Netanyahu told military and security officials to «submit to the cabinet a combined plan for evacuating the population and destroying the battalions» of Palestinian militant group Hamas holed up in Rafah, a statement from his office said.

San Francisco 49ers quarterback Brock Purdy will make his first Super Bowl appearance on Sunday, when his team will face the Kansas City Chiefs at Super Bowl LVIII in Las Vegas. Despite his critical role in the National Football League's (NFL) championship game, Purdy's salary and net worth won't be among the highest on the field.

BJP MP Manoj Tiwari flagged off a special train from Shahdara to Ayodhya Dham on Friday. Tiwari, a Lok Sabha member from North East Delhi constituency, said all arrangements are being made by the BJP so that passengers don't face any inconvenience. «After 500 years, Lord Ram has come to the temple, and a lot of devotees want a darshan (sighting of the deity). Many trains from Delhi are bound for Ayodhya Dham. In this sequence, we have arranged for 1,504 devotees from Naveen Shahdara to Shri Ram Lalla in Ayodhya Dham. We have ensured that passengers don't face any inconvenience,» Tiwari told on Friday.

Robert De Niro, the American actor and producer was in utter shock and disbelief after the death of his grandson in the past year from an accidental drug overdose situation. The 80-year-old star of 'Killers of the Flower Moon' has informed about the sudden loss of Leandro De Niro Rodriguez, his grandson last year. As per the medical examiner in New York City, the cause of death Rodriguez was the «toxic effects of fentanyl, bromazepam, alprazolam, 7-amino clonazepam, ketamine, and cocaine». He was 19 years old at that time.

The director of the main U.N. aid agency for Palestinians says Israeli restrictions are preventing food for 1.1 million people from reaching war-battered Gaza

Hershey is cautioning on its 2024 profit growth as the company contends with rising cocoa costs that are leading to increased prices for chocolate

THE NEXT TIME you find yourself baffled by some of the airlines listed on an airport departure board, consider this: More than 300 international airlines operate worldwide—even if you always fly the same three or four giants. Though behemoths dominate the industry, some bantamweight contenders stand out as viable alternatives. Their pitch: These (mostly new) boutique airlines, which limit flights to just a few strategic destinations, promise not only savings but a better ride.

Farmers in Italy, Spain and Poland are demonstrating as part of ongoing protests against European Union farming policies and to demand measures to combat production cost hikes, reduced profits and unfair competition from non-EU countries

The real estate sector is observably one of the most fragmented sectors in the country, engaging a large workforce and contributing around 7% to Indian GDP. Metro cities such as Mumbai and Delhi-NCR are gaining maximum traction due to being a hub for businesses. However, compared to other competitive metro markets, Hyderabad is set to become the most promising real estate destination in the country. As per a recent industry report, Hyderabad, along with Mumbai and Pune, will be driving growth in the real estate sector in 2024. The following are some of the key factors that will propel the city’s real estate to the next level in 2024.

When China started rolling back its zero-COVID policy, the early official numbers on the disease’s spread were so low that they were publicly ridiculed. But on a screen in his Hong Kong office in December 2022, Charles Li could see signs that more people were becoming ill.