Citi Financial News

UIDAI) has announced modifications to the Aadhaar (Enrolment and Update) Rules, introducing separate forms for residents and non-resident individuals. The circular, dated January 16, 2024, outlines key changes and requirements for Aadhaar enrolment and updates. NRIs, whether minors or adults, holding a valid Indian Passport, are now eligible to apply for Aadhaar from any Aadhaar Kendra. The latest circular specifies that for NRI children, a valid Indian passport is the only accepted Proof of Identity (POI) and Proof of Address (POA). Additionally, for both resident Indians and NRIs born on or after October 1, 2023, a birth certificate is now mandatory. The revised Form 1 will be used for Aadhaar enrollment for those aged 18 and above, whether residents or non-residents with proof of address in India. NRIs must provide an email address as part of their Aadhaar details, and according to Form 1 standards, no SMS or text messages will be sent to non-Indian cellphone numbers provided by NRIs. A valid Indian passport is the sole accepted POI for NRIs, and Form 2 is designated for NRIs enrolling or updating with an address outside of India. Forms 3, 4, 5, and 6 are specified for enrolling children with varying age categories and addresses, distinguishing between residents and NRIs. For resident foreign nationals above 18 years, Form 7 is to be used, requiring details of foreign passports, OCI cards, valid long-term visas, or Indian visas for enrolment. The inclusion of an email ID is mandatory in this category. Form 8 is designed for resident foreign nationals below 18 years, requiring parental or guardian authentication and consent.

Al Nahyan royal family of Dubai has emerged as the wealthiest dynasty globally. Boasting a monumental ₹4,078 crore presidential palace, a fleet of private jets, and ownership of the famed Manchester City football club, this family epitomizes unparalleled affluence on the world stage. At the helm is UAE President Sheikh Mohamed bin Zayed Al Nahyan, or MBZ, overseeing a vast family network comprising 18 brothers, 11 sisters, nine children, and 18 grandchildren.

Ayodhya and Ayutthaya, one in India and the other in Thailand. Separated by geographical boundaries, the two towns are united not just in name but also in faith with the religious fervour in the home of Ram finding echo 3,500 km away in a foreign land. As Ayodhya gets ready for the consecration of a grand Ram temple three days away, devotees in Ayutthaya are also preparing to join the celebrations.

Tens of thousands of public sector workers have walked off the job across Northern Ireland

IndoSpace, India’s leading developer and owner of Grade A industrial real estate, has entered into a pact with the government of Maharashtra at the World Economic Forum in Davos to invest additional over Rs 700 crore in the state. The company plans to expand its footprint by acquiring around 100 acres in the Chakan-Talegaon region. This move is expected to create new job opportunities and boost the region's economic growth, IndoSpace said in a release. “IndoSpace's strategic approach to enhancing Maharashtra’s industrial and logistics infrastructure has strengthened further with the signing of this MoU with the Maharashtra government. This collaboration will propel IndoSpace's expansion in the Chakan-Talegaon region, creating sustainable and efficient industrial spaces that will drive India's economic growth,” said Rajesh Jaggi, Vice Chairman — Real Estate, Everstone Group. IndoSpace currently manages over 500 acres across nine international-standard industrial and logistics parks in the Chakan area.

‘Khelo India Youth Games’ inaugural event at Nehru Outdoor Stadium on Friday. The Chennai Traffic Police has issued a detailed advisory to maintain the movement of vehicles. From INS Adyar to Nehru Indoor Stadium and Nehru Outdoor Stadium to Raj Bhavan, there will be alterations in vehicular traffic on the roads surrounding the event venues from 3 pm to 8 pm, the advisory read.

Ayodhya Ram Mandir on Thursday, ahead of the Pran Pratishta ceremony, scheduled on January 22,. Concealed beneath a veil, the photo of Lord Ram idol was revealed during the placement proceedings in the sanctum sanctorum.

₹700 crore, has held talks with strategic and financial investors, three people with knowledge of the development said. “The company has not been able to scale up beyond the initial traction it saw. Merging with a larger player seems to be on the cards," the first person cited above said on condition of anonymity as the talks are private.

Canadians are grappling with “payment shock” and Americans are not, and that will put the two countries’ economies on diverging paths to start 2024, according to the chief executive of Canada’s largest bank.

Nebraska Gov. Jim Pillen covered everything from the state’s response to recent winter storms to his support for a bill to limit transgender students' access to bathrooms in his state of the state address

Ice cream maker Ben & Jerry’s has reached its first contract agreement with workers at a retail shop in the Vermont city where the company was founded after the employees petitioned to unionize last year

City governments in India must focus attention on the planning of inclusive, safe and efficient public transportation if they want residents to be healthy and lead economically productive as well as socially active lives. Whether citizens choose to walk, drive or use a train, proper planning is necessary for them to reach their destinations fast and safe. If their needs are met by public transportation, people opt for public modes; otherwise, for private vehicles.

It is an unprecedented move that is likely to open the flood gates for infusion of fresh funds by foreigners into India’s stock market. One of India’s leading asset management companies (AMCs)—HDFC AMC has secured approval to start six feeder funds in GIFT City (IFSC) that will in turn invest in its domestic mutual fund (MF) schemes. The feeder funds will be structured as Category III AIFs, or alternative investment funds.

India’s newest airline says it will buy 150 Boeing 737 Max aircraft, in the first major announced sale for the manufacturer since a panel blew out of another Max model in midflight earlier this month

States are seeing increased demand for their cash amid high interest rates

Citi analysts said in a note Thursday that they now expect the Fed's first cut to occur in June, one month earlier than before.

₹ 16.4 lakh and a net loss of ₹5.1 lakh that year according to its registrar of companies’ filings with the ministry of corporate affairs, accessed via business intelligence platform Tofler. SportsBaazi competes with brands like Mobile Premier League, My11Circle and Dream11.

‘Mornings with Maria’ panelists react to December’s better-than-expected jobs report, detailing its expected impact on the labor market and U.S. economy.

The investment firm for a member of the multibillionaire dynasty behind Thomson Reuters Corp. is looking to ramp up deal-making in New York City as it targets financial sector investments.

Sun Mobility on Thursday said it will power and deploy 30,000 scooters of Bengaluru-based startup Bounce Infinity across key markets. These markets – including Bengaluru and Hyderabad, Mumbai, Pune and Delhi – will see Sun Mobility generate business under both its battery-as-a-service and mobility-as-a-service models.

Pran Pratishtha' ceremony at Ayodhya Ram Mandir, the India Meteorological Department (IMD) on Thursday launched a dedicated webpage to provide weather-related information for the holy city and other important nearby areas. The webpage (https://mausam.imd.gov.in/ayodhya/) shows weather information on temperature, precipitation, humidity, and wind patterns for seven days starting January 18 in major languages spoken across the globe including Hindi, English, Urdu, Chinese, French, and Spanish. The webpage not only provides weather-related information for Ayodhya, Prayagraj, Varanasi, Lucknow, New Delhi and Mankapur along with other important places but also provides a seven-day forecast of sunrise and sunset timings in both Hindi and English.