Citi Financial News
03.03 / 09:31
Citi
Provident
Google
security
Remark
consequences
rights
Not Google or Microsoft job. Bengaluru woman techie just wants to be a PG owner in India's Silicon Valley
Many netizens found humor in her perspective, with one user remarking that PG owners in Bengaluru are essentially building generational wealth while offering little in return. Another joked that these landlords serve only rice under the pretense of providing three full meals a day. Some even compared the business model to that of a unicorn startup—zero investment, infinite returns, and absolutely no refunds. Others expressed their frustration, pointing out that the security deposit system in Bengaluru is a one-way street—once paid, it is rarely seen again.
02.03 / 20:03
markets
Citi
Digital
economy
Diversity
country
reports
India's retail market reaches Rs 82 lakh crore in 2024, with continued growth expected
Retail Kaleidoscope' prepared jointly by the Boston Consulting Group (BCG) and the Retailers Association of India (RAI). The Indian retail market is expected to reach over ₹190 lakh crore by 2034 and retailers capable of embracing the country's diverse demographics and contrasting consumer behaviours stand to gain the most, according to the report With distinct consumer groups, each with their own unique needs even within a city, retailers will need to recognise the different opportunities and pick sharply where they want to play to be successful in 'Bharat' and 'India', said the report.
02.03 / 19:11
markets
Citi
War
reports
rights
Israel suspends aid, strikes Gaza as Hamas sees 'coup' against truce
The health ministry in Hamas-run Gaza reported at least four killed and six wounded in Israeli attacks. As the 42-day first phase of the ceasefire drew to a close with negotiations inconclusive, Israel early Sunday approved a truce extension it said US Middle East envoy Steve Witkoff proposed.
02.03 / 19:11
markets
Citi
Progressive
economy
Sustainability
WhatsApp
India's logistics & warehousing sector sees rising growth in tier 2 cities
While tier 1 cities remain key hubs, the market is expanding significantly in 12 emerging tier 2-3 cities, fuelled by a consumption boom, with a major share of online purchases now originating from these regions. Government initiatives, such as the Urban Infrastructure Development Fund, which allocates ₹10,000 crore annually to enhance 459 tier 2 and 580 tier 3 cities, are further accelerating this growth.
02.03 / 12:03
Citi
Waves
Marlboro
social
actress
rights
Vir Das thinks Mumbai's air tastes like Marlboro Light. Delhiites react, 'Come to Delhi habibi, air here is like having 10 hookahs!'
“I’ll smoke a cigarette socially, maybe fifteen days a year. The remaining days I’m a breathing Mumbaikar. The same taste. Today Mumbai was a Marlboro Light,” he wrote. His analogy struck a chord with many, sparking a wave of memes in the comments section. Even actress Sonam Kapoor amplified the discussion by resharing his post, shedding light on the increasing worries surrounding Mumbai’s worsening air quality.
02.03 / 10:33
UPS
Citi
Discover
Flushing
Golf
Sporting
Tea and tees: Discover India's fascinating golf history
Subscribe to enjoy similar stories. The first flush is just starting and while I wait for these teas, I decided to catch up on some tea history, on tea and golf’s shared beginnings here in India. Back in the early 19th century, as British planters set up large tea estates, far removed from towns and cities, they needed a place to unwind and relax.
02.03 / 07:09
markets
UPS
Citi
Food
beautiful
A bigger India: The economics behind building tourism beyond the Taj Mahal
Delhi and Udaipur. This being part of the ‘Golden Triangle’, the plane usually had a fair number of tourists, many from France. Seated somewhere near on the plane, I would hear them catalog the ways in which “this could be such a great place if only…”. In French, of course, oblivious to the possibility that anyone around would understand. While I seethed, my nationalist instincts primed. I wanted to ask them how much they paid for their room in a haveli near the lake, and three square meals among the bougainvilleas? Where else could they buy so much beauty so cheap? All that came back to me with the recent stories in the Economist and Le Monde on why India does so badly on tourism: India gets about 10 million foreign tourists a year, while France, a tenth in area and less than a twentieth in population, gets 100 million. France has the Mona Lisa, but we have the Taj Mahal. France is easy for European tourists but we are next to China, the biggest spender in the world on international tourism.
02.03 / 02:55
markets
Citi
RAI
show
reports
evacuation
Thousands flee after Japan's biggest wildfire in decades
Around 2,000 people fled areas around the northern Japan city of Ofunato to stay with friends or relatives, while more than 1,200 evacuated to shelters, according to officials. «We're still examining the size of the affected area, but it is the biggest since the 1992 wildfire» in Kushiro, Hokkaido, a disaster management agency spokesman told AFP Saturday.
02.03 / 01:43
markets
Citi
Platform
social
reports
Updates
Investigations
Microsoft down! Massive outage strands users without email, apps
The outage was concentrated in major cities, including New York, Chicago, and Los Angeles. Many users took to social media platform X to express frustration, fearing a broader global issue.
02.03 / 01:43
markets
Citi
MET
Election
reports
Delhi CM Rekha Gupta meets veteran BJP leader Murli Manohar Joshi
Delhi Chief Minister Rekha Gupta on Saturday met veteran Bharatiya Janata Party (BJP) leader, Murli Manohar Joshi at his residence in the national capital. In a separate event, Gupta said, «If we want to make Delhi successful, to develop Delhi, then we all have to take responsibility on our shoulders that my city, my Delhi, should not become dirty or polluted because of me. If you make this small resolution today that you will not throw garbage on the road, then I promise you that you will get a Delhi where you want to live, you will not need to leave Delhi, you will not need to go to Gurgaon, NCR.» Earlier on Friday, Gupta slammed Aam Aadmi Party (AAP) for creating a ruckus over the Comptroller and Auditor General (CAG) report, stating that «all this drama is just an excuse.» The CAG report in question has flagged a Rs 2,000 crore loss due to the AAP government's liquor policy.
01.03 / 22:59
markets
UPS
Citi
Action
reports
bowling
Not giving up so easily! Travis Kelce set to return for 13th season with Kansas City Chiefs
Travis Kelce would be hanging up his boots after a long tenure, but recent reports suggest that he is set to return for another season of the NFL with his team, Kansas City Chiefs. According to a USA Today report, 10-time Pro Bowl tight end will return to action in 2025, and this time it looks like Kelce will leave no stones unturned in giving his best.
01.03 / 17:29
markets
Citi
trends
Photos
RAI
reports
rights
Is Amal Clooney copying Taylor Swift in this trend? Here's what reports are saying
Taylor Swift and Amal Clooney appear to be wearing the same winter date night ensemble. Amal Clooney recently stepped out wearing an outfit strikingly similar to Taylor Swift's go-to date night look. Amal Clooney's most recent outfit has raised rumors that she may be subtly adopting Tyalor Swift's signature style, despite the fact that the two women have different tastes. There are so many photos of Taylor Swift and Travis Kelce's date nights in New York City that it seems like everyone is watching them.
01.03 / 17:29
markets
Citi
Progressive
film
Actor
social
International
Karnataka to build world-class film city in Mysuru: CM Siddaramaiah
Karnataka Chief Minister Siddaramaiah on Saturday announced that the state Government will establish a world-class film city in Mysuru with 150 acres of land already allotted for the project. Speaking at the inauguration of the 16th Bengaluru International Film Festival (BIFFES) at the grand steps of Vidhana Soudha, he emphasised that international film festivals are a reflection of global culture and should be leveraged to create meaningful and impactful cinema. «Karnataka is a land of immense opportunities. To further strengthen our film industry, we are developing a state-of-the-art film city in Mysuru. I hope this facility will encourage the production of world-class films that seamlessly blend human values with advanced technology,» he said. Highlighting the growing disparities in wealth, Siddaramaiah pointed out that 50 per cent of the nation's wealth is concentrated in the hands of just one per cent of the population, leading to widespread social unrest and dissatisfaction.
01.03 / 16:47
markets
Citi
MET
Experts
country
reports
Mohandas Pai says city deserves good minister and infrastructure to realise 'Brand Bengaluru'
Infosys, T V Mohandas Pai, on Saturday said Bengaluru deserves better infrastructure and a good minister to realise 'Brand Bengaluru'. Pai, who heads Aarin Capital, called on Deputy Chief Minister D K Shivakumar, who holds the Bengaluru development portfolio. Speaking to reporters later, he said he met Shivakumar and spoke to him regarding the infrastructure development of Bengaluru. «I spoke to Shivakumar regarding Bengaluru. I want him to be a hero for Bengalurians, take Bengaluru forward and make it the best city in the country,» he said.
01.03 / 11:53
markets
Citi
Action
Parke
Inside
Courts
Won't spare those who damaged public property post-Pune bus rape incident, says Ajit Pawar
Ajit Pawar on Saturday warned of a stern action against those who vandalised public property following the alleged rape of a woman inside a state transport bus in Pune. The 26-year-old victim was raped inside a parked bus of the Maharashtra State Road Transport Corporation (MSRTC) at the Swargate bus stand located in the heart of the city in the early hours of Tuesday. The next day, local Shiv Sena (UBT) leader Vasant More and his party workers vandalised the security cabin at the Swargate bus depot to protest against the incident. Speaking to reporters here, Pawar said action will be taken against those who damaged public property. «Let the probe get over and let the facts come to the fore. After that, action will be taken against those who vandalised public property. They will not be spared. Does anyone damage his own house's window panes if an accused is not arrested?» he asked. «Even the court had made it clear in the past that if anyone resorts to vandalism of public property, then damages should be recovered from these party workers or the party,» he said.
01.03 / 11:23
Citi
President
country
reports
volunteers
politician
Russia stifles what’s left of opposition at Moscow memorial site
Subscribe to enjoy similar stories. For years, mourners and members of Russia’s pro-democracy movement have flocked to a bridge near the Kremlin each February to remember Boris Nemtsov, an opposition politician who was shot dead there in 2015. This week, at the 10th anniversary of the killing, a far smaller crowd turned out, with the leading lights of the opposition either dead or driven into exile.
01.03 / 10:51
UPS
Citi
Man
social
Traffic
Videos
Watch this Bengaluru man beat the city's heavy traffic on his daring ride. Viral video
The video, which surfaced on X (formerly Twitter), captures the commuter skillfully balancing on a single wheel while wearing a helmet and carrying a backpack. Despite the chaos of ORR’s bumper-to-bumper traffic, he appeared unphased as he glided past cars and buses. The clip, originally shared by user '@dipunair,' quickly gained traction online, racking up thousands of views and sparking a heated discussion.
01.03 / 09:27
markets
Citi
Progressive
track
country
innovations
reports
Ahmedabad's heritage will be incorporated in redevelopment of its railway station: Vaishnaw
Ashwini Vaishnaw on Saturday said several innovations have been made for the Ahmedabad railway station redevelopment project, and special care is being taken to ensure that the facility's design reflects the city's rich heritage. Vaishnaw, who reviewed the redevelopment project, said architectural elements inspired by the city's heritage, such as the 'Jhulta Minar' (swaying minaret), kite festival, etc, will be incorporated into the design. He said this approach was in line with Prime Minister Narendra Modi's commitment to preserve the cultural fabric of modern India. The redevelopment is a part of the Indian Railways' ambitious Amrut Bharat station project, which aims to transform over 1,300 railway stations across the country.
01.03 / 01:25
Citi
Target
Trade
Experts
show
reports
The week in charts: Q3 earnings, India’s economic downturn, UK trade talks
Subscribe to enjoy similar stories. Indian companies navigated yet more revenue-profit divergence in the December quarter, and India’s ranking declined significantly among its emerging-market peers in January. Meanwhile, India and the UK have resumed trade negotiations amid protectionist policies by the US.
28.02 / 15:55
UPS
Citi
Manufacturing
Trade
President
country
reports
The tariff pain is getting real for Chinese companies
Subscribe to enjoy similar stories. SINGAPORE—Cui Shu, a lawyer in the southeastern Chinese city of Xiamen, was working in his office Friday morning when a flurry of calls and text messages arrived from clients, frantically seeking guidance about President Trump’s latest proposal, delivered by social-media post hours earlier: an additional 10% tariff on all Chinese imports. One of Cui’s clients, a manufacturer of electrical transformers, was already shifting production to Malaysia.
28.02 / 15:23
Citi
FIVE
Citigroup
Interface
reports
International
Destinations
Citigroup erroneously credited client account with US$81 trillion in 'near miss'
Citigroup Inc. credited a client’s account with US$81 trillion when it meant to send only US$280, an error that could hinder the bank’s attempt to persuade regulators that it has fixed long-standing operational issues.
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