Citi Financial News

23.01 / 14:47

UPS Citi Trade War reports Oil down as traders mull mixed supply cues

By Robert Harvey

23.01 / 10:57

markets UPS Citi CEO economy performer Hero MotoCorp to expand electric two-wheeler range; 3 e-scooters to be rolled out by next year

JAIPUR : With an aim to accelerate its electrification journey, Hero MotoCorp plans to bring three new electric two-wheelers in the next one year, company CEO Niranjan Gupta said on Tuesday. The company, which unveiled its new performance bike MAVERICK 440, is also ramping up production to 10,000 units a month to meet demand for motorcycles in the segment. "In FY25, we will launch electric scooters in the mid-price segment and in the economy segment to extend our Vida range," Gupta said in an interaction on the sidelines of the Hero World 2024 event here.

23.01 / 10:57

Citi Extreme economy Align Metro President Diversity Budget 2024 expectations: Perks for first-time homebuyers, tax sops, industry status top real estate players' wish list

NAREDCO Maharashtra, emphasised the real estate industry's anticipation of transformative changes in the upcoming Budget 2024-25. He highlighted the sector's pivotal role in the economy and its significant employment contribution. Acknowledging past reforms, Runwal called for an increase in the interest rate deduction cap to ₹5 lakh and a redefinition of affordable housing, particularly in metro cities.

23.01 / 10:19

markets Citi Platform Strategy Align Metro Schools Betterhalf to onboard 100 professionals in 2024

Betterhalf, a matrimony super app and tech-enabled end-to-end wedding planning and fulfilment company, said it plans to onboard 100 skilled professionals across its verticals in 2024. It currently has 150 employees. The company has expanded its wedding services operations across metros and multiple tier-1 cities. “As part of the hiring strategy, the platform will create new jobs in the industry, opening 70, 20 and 10 positions in the wedding business operations, product and technology, and marketing and growth respectively,” said a company statement.

23.01 / 09:39

Citi Action prevention Prohibitory orders clamped in Karnataka town after quarrel during Lord Ram idol procession

Prohibitory orders have been clamped in Wadi town in Karnataka's Kalaburagi district following a quarrel during a Lord Ram idol procession, police said on Tuesday. The prohibitory orders under CrPC section 144 which will remain in force until 6 am on January 25 have been issued as a precautionary measure to maintain law and order and prevent any untoward incident, they said. According to the police, a quarrel took place during the procession following an alleged stone-pelting incident on Monday between two groups.

23.01 / 09:05

markets UPS Citi Target WhatsApp Trade Sensex crashes over 1,000 points: 5 reasons behind the Rs 5 lakh crore selloff

Sensex fell over 1,000 points to give up the 71,000 level, while the Nifty also cracked over 1% to trade below the 21,400 mark. The sell-off was deeper in the broader market with mid and smallcap indices slipping 1.5-2%. In the process, Dalal Street investors lost about Rs 5 lakh crore as the market capitalisation of all BSE-listed stocks fell to Rs 369.5 lakh crore.

23.01 / 09:05

Citi Fighting love War country International 21 Israeli soldiers are killed in the deadliest single attack on the army since the war began

Gaza Strip in the deadliest attack on Israel's forces since the October 7 Hamas raid that triggered the war, the military said Tuesday, a major setback that could add to mounting calls for a cease-fire. Prime Minister Benjamin Netanyahu mourned the soldiers but vowed to press ahead with the offensive until «absolute victory» over Hamas. He has also promised to return over 100 hostages held captive in Gaza.

23.01 / 08:41

COST Citi Booking hospital travelers International Hotels, tour operators, and more: 4 Key sectors to benefit from Ram Mandir inauguration

Indian Hotels Co., ITC, Mariott, Lemon Tree, Trident, and Oberoi are also planning hotel openings in the area. ITC is opening a seven-star property, 12 km from the temple. Meanwhile, IHCL is building Vivanta and Ginger-branded hotels.

23.01 / 08:41

UPS Citi Fighting students Universities Videos Clashes erupt between Congress workers, and police during Bharat Jodo Nyay Yatra | Watch video

Bharat Jodo Nyay Yatra on Tuesday. Congress MP Rahul Gandhi was stopped from entering the city, triggering protests from party workers who broke barricades and raised slogans. He later addressed party supporters on the outskirts of the city, and said, "We have broken barricades, but will not break the law".

23.01 / 06:41

Citi economy Sustainability Trade Diversity track MSTC share price takes off: India's recycling champion soars 90% in a month

recycling industry in India is undergoing a notable shift, aligning with the nation's sustainability and renewable practices to lower its carbon footprint. As the country aspires to be the world's third-largest economy by 2030, recycling offers a path to balanced growth with significant environmental benefits. India produces about 55 million tonnes of Municipal Solid Waste (MSW) yearly, expected to rise to 125 million tonnes by 2031.

23.01 / 06:41

markets Citi IPO WhatsApp Celebrity band country Nova Agritech IPO: Issue fully subscribed as day 1 sees rush from NIIs, retail investors; GMP steady

Also Read: Nova AgriTech IPO opens today: Latest GMP, price, date, other essential details to know about the IPO Nova Agritech IPO date of subscription has been rescheduled for today (Tuesday, January 23) and will close on Thursday, January 25. Initially, the Nova Agritech IPO was scheduled to open on Monday, January 22, but the equity market remained closed on Monday on account of a public holiday in the country celebrating the inauguration of the Ram Temple in the northern city of Ayodhya.

23.01 / 06:41

Citi security Remark Highways War travelers Traffic Himanta Biswa Sarma sets rider as Rahul Gandhi's Bharat Jodo Nyay Yatra prepares to enter Guwahati today | 10 points

Himanta Biswa Sarma has denied permission to the Congress Yatra to travel through Guwahati. -Heavy security has been deployed at Khanapara Area, the entry point of Guwahati for the Bharat Jodo Nyay Yatra. There was barricading and heavy deployment of police officials in the Khanapara Area, where Rahul Gandhi's Yatra will reach today.

23.01 / 02:53

markets UPS Citi Sustainability Research trends China's residential foreclosures increase 43% in 2023

China rose 43% year-on-year in 2023, according to a private survey on Monday, highlighting a worrying trend of rising mortgage delinquencies amid a sustained property market slump and a patchy economic recovery. The number of foreclosed homes up for auction stood at 389,000 units last year, said China Index Academy, a major independent real estate research firm. A total of 99,000 units worth a combined 150 billion yuan ($20.84 billion) were successfully sold at auctions, the firm said.

23.01 / 01:43

UPS Citi Provident Parke country reports International Ram temple a reality, more on cards for Ayodhya: How govt plans to put 'Land of Shree Ram' on world tourism map

“India's biggest religious tourism hub". But the government seems to have a much bigger plan for Ayodhya — dubbed as "The Land of Sree Ram" by it. The Union and the Uttar Pradesh governments plan to put the city "on the map of world tourism in the years to come".

23.01 / 01:43

Citi Yellow Mercury show cover reports International Delhi Weather: Fog covers the city amid yellow alert, flights and trains delayed, mercury rises slightly

fog is expected to envelop the city on January 23. Safdarjung, Delhi's primary weather station, reported a visibility of 500 metres at 5:30 am, while at the Indira Gandhi International Airport (IGIA), visibility was 1,000 metres at 6:30 am. The IMD predicts mainly clear skies with moderate to dense fog in the morning.

22.01 / 20:45

UPS Citi security Research Celebrity Inside Ram Mandir inauguration: Devotees have 'I was there' moment; disregard PM Modi appeals to celebrate at home

Pran Pratishtha at their homes, many devotees landed in Ayodhya, undeterred by security measures and uncertainty regarding stay, to mark their presence on the historic day. In the early hours of Monday, on the Ram Path, many of these devotees stood on pavements watching the VVIP guests swish past them in their luxury cars and government run electric buses, content with just being in the holy city. Pradeep Kumar Pal, a West Bengal state government employee who came a day earlier, said he wished to be a «witness» to the consecration ceremony since 1992 when he had come to UP as a karsevak.

22.01 / 19:11

Citi Netflix wellness voice Department Videos Colleges A reboot of The Fairly OddParents: A New Wish releases on Netflix | Know more

Netflix is growing its animated series library, which is soon going to add The Fairly OddParents' new rebooted series, to be released as The Fairly OddParents: A New Wish. The Fairly OddParents of Nickelodeon first made its debut in 2011 running for 10 seasons till the late 2010s. Very recently, a live-action reboot was given to it on Paramount+, though it was not for long given the fact that the series was drawn in January 2023.

22.01 / 18:31

UPS Citi Airlines reports Traffic International Delhi airport to Noida airport in 80 minutes; UP govt approves Rs 16,000 crore rapid rail corridor

Noida Airport is likely to have direct connectivity with Delhi’s Indira Gandhi International Airport. The Uttar Pradesh government has approved a Rs 16,000 crore rapid rail corridor that will connect the two airports along with other parts of Delhi. The National Capital Region Transport Corporation (NCRTC) is working on a detailed project report which will be completed by March. After the project is started it will take four years to complete, Shailendra Bhatia, Uttar Pradesh government's Nodal Officer at Noida International Airport Limited said. The rail corridor will be a major boost in the greenfield’s airport attraction and will allow it to capture spill over passenger traffic from the Delhi Airport.

22.01 / 18:31

UPS Citi Waves Fox isolate Features US weather forecast: Flash flood warnings for New Orleans, Texas, heavy rains predicted

New Orleans and Texas have been alerted for multiday flash flood threat this week. Metropolitan areas like Houston and New Orleans are anticipated to experience significant rainfall this week, with multiple waves of moisture expected to affect the Interstate 10 corridor. The weather forecast suggests the possibility of embedded thunderstorms, featuring abundant lightning and gusty winds, adding an element of variability to the atmospheric conditions in these regions.

22.01 / 16:23

Citi wellness film love Features Relationships International 74th Berlin International Film Festival unveils its complete lineup: Know more

74th Berlin International Film Festival revealed its complete lineup at the official press conference in the House of the World Cultures in Berlin. Mariëtte Rissenbeek, Berlinale managing director, and Carlo Chatrian, the artistic director have presented the movies competing for the Golden and Silver Bears this year, both in the encounters and competition segments.

22.01 / 16:23

Citi security love Celebrity country rights Delhi CM Arvind Kejriwal, Delhi ministers mark Ram Lalla's consecration with 'bhandaras', 'Sundar Kand' recitals

Kejriwal, Cabinet ministers and AAP MLAs took part in various events across the national capital as part of the party's plan to mark the consecration ceremony at the Ram temple in Ayodhya. The AAP organised 'shobha yatras' and 'bhandaras' (community kitchens) in different parts of the city to celebrate the 'Pran Pratistha (consecration)' ceremony. In a post in Hindi on X, Kejriwal said he participated in bhandaras organised in different areas of Delhi.

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