Citi Financial News

Ride-hailing company Ola Mobility plans to deploy 10,000 electric two-wheelers across three cities in the next two months and gradually scale up its service across the country by the end of year. The company on Friday announced the launch of e-bike service in Delhi and Hyderabad. In September 2023, Ola had launched a pilot project of e-bike service in Bangalore.

Mark Scott, a former partner at U.S. law firm Locke Lord, has been sentenced to 10 years in prison for his involvement in Ruja Ignatova’s OneCoin crypto scam worth nearly $400 million.

Instagram. The case is currently under investigation by the police in south Mumbai's Worli. The victim detailed her harrowing experience in an Instagram post, calling it her «most traumatic» encounter.

Standard Chartered Bank. The tribunal has also appointed Rajan Garg as its resolution professional. In this case, originally the company’s promoter had availed a loan facility from Dewan Housing Finance (DHFL).

When a G20 dinner invite referred to the President as «President of Bharat» last year, it triggered a controversy with many speculating that the government was going to change the name of the country from India to Bharat. However, many legal and constitutional experts said that both the names could be used and there was no illegality in the use of 'Bharat' in place of 'India' in official communication, since both the names refer to the same country. But economically, India and Bharat could be somewhat different entities as has been seen in the past few years.

Maharashtra government, Marathas will march towards Mumbai tomorrow morning," he was quoted by ANI as saying. Protesters demand Kunbi (OBC) status to the Maratha community. On January 16, Jarange had demanded that 54 lakh Marathas should be issued Kunbi caste certificates within two days.

Maratha quota leader Manoj Jarange on Friday asserted that he won’t abandon his agitation midway till the community is granted reservation in government jobs and education, while Maharashtra minister Deepak Kesarkar said the activist’s demands have been accepted.

Delhi-NCR witnessed a sharp 42 per decline in demand for warehouse and industrial spaces last year on high base effect and lower new supply, according to Colliers.The gross leasing of Grade-A industrial & warehousing spaces fell to 5.1 million square feet in 2023 from 8.8 million square feet in the previous year.

As the sun sets on the fiscal horizon, casting shadows of anticipation and speculation, the real estate industry eagerly awaits the unveiling of the pre-budget landscape. In the intricate dance between policy and practice, the pre-budget phase becomes a crucial overture, setting the tempo for the real estate symphony that echoes through economic corridors. Realty experts say the pre-budget expectations in the real estate sector are akin to seeds sown in fertile soil, where each policy pronouncement is poised to sprout into a forest of opportunities. Investors, developers, and homeowners alike stand on the precipice of fiscal revelation, hoping for a budget that not only addresses the challenges but also nurtures the growth of the real estate ecosystem. The clamor for fiscal incentives, tax reforms, and regulatory frameworks harmonized with the evolving needs of the industry resonates within the corridors of real estate power. A pre-budget that espouses simplicity in procedures, transparency in transactions, and encouragement for sustainable practices becomes the catalyst for a robust and resilient real estate sector.

Budget session of the Delhi Assembly is set to unfold from February 15 to 20, marking a significant event on the legislative calendar. In a noteworthy announcement, an official disclosed that Delhi Finance Minister Atishi will present the city government's budget for the fiscal year 2024-25 on February 16.

Satellite monitoring of fog revealed that the previous longest period occurred during the winter of 2019-20, lasting for approximately three weeks from December 14 to January 2, according to meteorological officials. The current spell has already lasted for around 32 days and is expected to persist for another three to four days, as forecasted. R K Jenamani, a senior scientist at the IMD specializing in fog, todl TOI that this winter, fog and low cloud cover started on December 24 in the western regions, including Punjab and Haryana.

Hague are set to announce their decision on Friday regarding a potential order for Israel to halt its military operations in Gaza. As reported by Reuters, diplomatic efforts are actively underway to negotiate a renewed agreement for a ceasefire and the release of additional Israeli hostages. On the ground in Gaza, local officials reported on Thursday that Israeli airstrikes resulted in the deaths of 20 Palestinians who were waiting for food aid in Gaza City.

Flipkart was the market leader, with a 48% share in India eCommerce, growing faster than the industry." It identifies mobile and apparel as Flipkart's largest categories, constituting approximately 50% and 30% of its mix, respectively. Flipkart is estimated to hold 48% and 60% market share in the online smartphone and online fashion markets, respectively," the report stated.

Following the early stages of Jane Fraser's Bora Bora reorganisation,Financial News today published a list of the next rung down of Citi managing directors who report to its new sole EMEA head of investment banking, Jens Welter. As with theNovember revelation of the senior appointments at Welter's level, it's all a bit surprising.

Bank of America has typically had a reputation for being a slightly … nicer place to work than the rest of the bulge bracket.  The perception has always been that Goldman Sachs is intense, Morgan Stanley is political, Citi is dysfunctional, JPMorgan is snobbish but Bank of America is … chill?  Possibly even a little bit complacent?  Like all such stereotypes, these are for the most part garbage, but there’s always a little bit of truth that makes them persist.  They do make a point of promoting nice guys like Jim DeMare, after all.

Housing rents have surged by a substantial 25–30 percent in top micro-markets within major cities since 2019. Meanwhile, the average monthly rents for residential properties have experienced a notable uptick of 15-20 percent across the top 8 cities compared to the pre-pandemic era of 2019, according to a report by Housing.com.

The Manglam Group on Thursday announced the launch of Manglam Signature Elite. Situated at the prestigious Narayan Singh Circle in Jaipur, Rajasthan, with seamless connectivity to all city roads and essential facilities, this retail-cum-commercial project offers spaces for premium corporate offices and showrooms.

The real estate sector, buoyed by a remarkable year, has again started looking towards the upcoming Interim Budget 2024-2025 with a blend of hope and expectations. The previous year, as detailed in various reports, was a milestone for residential real estate, witnessing an upsurge in both new launches and home sales. This success story has set the stage for what many in the industry hope will be a transformative period of policy reform.

Gurugram, one of the most significant cities amongst top metro cities, has become a focal point for Grade A office spaces, with a unique catalyst driving this surge—Global Capability Centers (GCCs) that global companies set up offshore to access specialized high-skill talent to ensure sustainable business growth. These GCCs, synonymous with innovation and research and development (R&D), are transforming India’s economic orientation.

BENGALURU , NEW DELHI : Peak XV-backed Rebel Foods that owns Faasos, Behrouz Biryani and Mandarin Oak is working towards an initial public offering (IPO), which would make it the country’s first cloud kitchen business to go public. Rebel Foods plans to file its draft share sale papers in the later half of the year and list on exchanges next year. “An IPO is an important milestone for the company since it became a unicorn.

A 25-year-old professional dancer from England who moved to New York City to pursue her career has died after eating a mislabeled cookie containing peanuts