Citi Financial News

With the fundamentals of the Indian economy remaining strong despite all global headwinds and inflation well under control, the RBI once again decided to keep the repo rates unchanged at 6.5%, thus extending the festive bonanza that it gave to the homebuyers in its last two policy announcements. Thus, homebuyers retain their advantage of relatively affordable home loan interest rates.

DJ Tiesto has announced the cancellation of his performance at Sunday's Super Bowl event in Las Vegas due to a family emergency. Stepping in on short notice to fill the gap is DJ Kaskade. Tiesto, also known as Tijs Verwest, was slated to be the in-game DJ for the Super Bowl, providing entertainment before the game between the Kansas City Chiefs and the San Francisco 49ers, as well as during intervals. Although not scheduled for the halftime show, which will feature eight-time Grammy Awards winner Usher, Tiesto expressed his disappointment at missing the event due to the unexpected circumstances.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

The Reserve Bank of India (RBI) has kept the repo rates unchanged for the sixth time in a row at 6.5 per cent. The repo rate is the rate of interest at which RBI lends to other banks. The decision was made during the three-day RBI’s monetary policy committee which started on Tuesday (February 6-8). The RBI typically conducts six bi-monthly meetings in a financial year, where it decides interest rates, money supply, inflation outlook, and various macroeconomic indicators. 

Safe as houses, they say — just not so much lately.

A pair of Canadian pension funds struck a deal to sell two downtown Vancouver office buildings with tenants including Amazon.com Inc. for about $300 million.

terrorist attack on Israel on October 7th, and the outbreak of war in Gaza, there has been a sharp increase around the world in reports of antisemitic incidents. The Anti-Defamation League (ADL), an NGO based in New York City, says that in the two weeks after the attack the number in America quintupled compared with the same period last year. Britain and France have reported similar spikes.

₹412 crore. The 200-bed hospital is set up on a land parcel of 2-acre at Mankapur, north of Nagpur.

The concept of a ‘holiday’ in India is undergoing an alteration and has come to a stage of maturity. This has come about due to a number of factors which include a stressful work life and therefore a need for regular short breaks, rising income levels and higher aspirations for a better lifestyle etc. The holiday bug has caught the fancy of Indians in a big way, but with a difference. If we took a peek into the past, a few years ago investing in a holiday home was the privilege enjoyed by a few HNIs or NRIs. Since then, there has been a perceptible shift, post Covid 19, where we are seeing younger generation of Indians looking at purchasing property in holiday destinations across the country.

PVR INOX, the popular cinema exhibitor, is set to change Mumbai's cinematic landscape with the introduction of its inaugural standalone IMAX with Laser theatre at INOX EROS in Churchgate. This brings a remarkable transformation of the 86-year-old iconic EROS cinema, elevating it into the city's premier destination for an immersive and technologically advanced cinematic experience.

TORONTO — New York City pension funds are pushing Royal Bank of Canada to disclose details on its clean energy funding.

Not only is CPKC lagging the trend of major freight railroads agreeing to provide paid sick time to most of their workers

Microsoft CEO Satya Nadella has urged more than a thousand Indian computer code developers to use the company’s artificial intelligence tools being deployed across its products

SoftBank Group splashed out billions on startups at near-peak valuations without batting an eye. Now founder Masayoshi Son's tech powerhouse is relying on a new weapon as it searches for the next big thing in AI: caution. The strategy marks a vast turnaround for a company that completely transformed the world of tech investing with its high-conviction bets on startups at an unheard of scale.

By Ahmad Ghaddar

Gurgaon is undergoing rapid development, and the city positions itself for significant growth and transformation. Several areas within Gurgaon are transforming into lucrative hubs, offering opportunities and holding immense potential for investors and residents. As the city experiences economic growth, sector 89 and the other sectors in the vicinity especially have emerged as the prime location, presenting compelling investment opportunities. This area is coupled with well-connected infrastructure, positioning the region as an ideal choice for investment. The skyscrapers, rapid urbanization, and strategic location attract businesses, professionals, and residents. The strategic development emerging in this city makes it an appealing prospect for those seeking to capitalize on its upward trajectory.

Today’s homebuyers should look to invest in property along the lines of metros and expressways in the city outskirts to access premium properties in an affordable manner. Considering the rapid expansion of cities such as Mumbai, Bengaluru and Hyderabad, homebuyers and investors should make use of the early mover advantage to invest in properties before land rates spike, says Bhavesh Kothari, Founder & CEO, Property First.

Andy Sieg, the newish head of wealth management at Citigroup, looks a little older than his 56 years. This might be because managing wealth managers is a stressful business, and he oversaw 25,000 of them at Merrill Lynch before joining Citi last September. Or it might be because he is wise. 

Nissan has reported its profit sank in October-December to about half of what it earned in the same period the year before

Washington D.C. restaurant owner Fritz Brogan reveals the impact that the U.S. crime crisis has had on the community and local businesses during an appearance on ‘Varney & Co.’

A 2022 Citi report predicted that the Metaverse economy could be worth up to $13 trillion by 2030. While the buzz has since subsided, the BIS says that if the metaverse does succeed there will be important implications for the digital economy that will see new demands on payment services, "for instance that they be fast, programmable and cross-border". Metaverse promotors such as Meta have talked up the role of cryptocurrencies and stablecoins. However, the BIS paper argues for the importance of competition, interoperability, consumer protection and data privacy. With this in mind, CBDCs and interlinked domestic fast payment systems could prove better options.