Citi Financial News
15.01 / 07:19
COST
UPS
Citi
pandemic
reports
What's driving up housing prices in India?
₹40 lakh) in new supplies has been shrinking in the top seven cities, from 24% in Q3 2021 to 18% in Q3 2023, according to Anarock, a property consulting firm. In Q3 2019, this segment accounted for 41%. This drop is driven by several factors, including higher land value and construction costs.
15.01 / 07:19
COST
Citi
Provident
Airlines
Align
Parke
travelers
SpiceJet introduces non‐stop flights connecting Ayodhya with 3 Indian cities | Details here
Amitabh Bachchan buys plot in Ayodhya's The Sarayu for ₹14.5 crore The special flight caters to passengers attending the Ram Temple consecration ceremony on January 22. The airline aims to connect Ayodhya with several other major cities across India soon, SpiceJet said in a press statement. Parking trouble awaits private jets on way to Ayodhya "We are happy to announce the introduction of non‐stop flights connecting Ayodhya with Chennai, Bengaluru, and Mumbai.
15.01 / 05:47
COST
UPS
Citi
Metro
Food
Updates
Cost of Living LIVE Updates Jan 15: Petrol and diesel prices steady. Check fuel rates in your city here
Cost of Living LIVE Updates January 15: The cost of living is the amount of money one needs to survive in a given place – and one's most essential needs such as food, water, housing, taxes, cost of commute, healthcare, etc. The high rate of inflation has pushed up the cost of living across the globe, burning a hole in the common man's pocket.
15.01 / 05:47
Citi
FIVE
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reports
Courts
Former model Divya Pahuja shot in head, bullet recovered: Post-mortem report
Divya Pahuja murder case: Body found in a canal, says Gurugram Police CCTV footage from Hotel City Point showed the accused, including Singh, purportedly dragging Pahuja's body wrapped in a white sheet through the lobby. They later fled the hotel in a car with the body in the boot.
15.01 / 03:27
Citi
Provident
Cooper
Election
President
country
‘India should be alert…’: Shashi Tharoor warns on growing proximity between Maldives and China
President Muizzu who recently completed a state visit to China, during which Beijing agreed to provide $130 million for the development of Male, the capital city. The two countries also signed an agreement on agricultural cooperation.
15.01 / 03:27
Citi
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Tapestry
Actor
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Courts
International
Amitabh Bachchan buys plot in Ayodhya for ₹14.5 crore ahead of Ram Mandir ‘Pran Prathista’
₹14.5 crore ahead of the Ram Mandir ‘Pran prathista’ ceremony. The veteran Bollywood actor, who was born in Allahabad (now Prayagraj), bought the a plot in The Sarayu, a 7-star mixed-use enclave in Ayodhya by Mumbai-based developer The House of Abhinandan Lodha (HoABL), reports Hindustan Times. The report citing people familiar wit the transaction between HoABL and Amitabh Bachchan told HT that Bachchan intends to build a home measured around 10,000 square feet and was valued at ₹14.5 crore.
15.01 / 02:33
Citi
Airlines
information
travelers
Department
Schools
Updates
Travel woes and AQI worsen in Delhi NCR amid dense fog; Schools to reopen despite cold
dense fog on flight operations: «Due to dense fog, flight operations at Delhi Airport may be affected. Passengers are requested to contact the airline concerned for updated flight information.» Expressing regret, the advisory added, «Any inconvenience caused is deeply regretted.» This advisory comes following significant disruptions to IndiGo flight operations on Sunday, attributable to low visibility and dense fog conditions across North India.
15.01 / 01:23
UPS
Citi
Provident
Mobile
travelers
Destinations
Ram Temple consecration: Uber launches electric auto rickshaw services in Ayodhya
Television banks on Ayodhya news to keep viewers glued The company will also start UberGo and Uber Intercity services in the coming days. The rapidly developing mobility product will service all inter-city travel needs to Ayodhya from other UP cities. “Following the launch of EV autos, Uber will also start operations of UberGo- its most affordable car product; besides Uber Intercity- the fast grwoing mobility product that will support all inter-city travel needs to Ayodhya from popular destinations within Uttar Pradesh," the company said.
15.01 / 01:23
UPS
Citi
Provident
FIVE
country
cover
North-east may get up to ₹1,000 crore as gas subsidy
NEW DELHI : The Centre may allocate around ₹800-1,000 crore as subsidy on the sale of natural gas under the administered price mechanism (APM) in North-eastern states for FY25, said two people in the know of the development. The ministry of petroleum and natural gas is likely to propose to the finance ministry to allocate the amount in the upcoming Union budget. The allocation which will be made under the head of “other subsidy payable including for North Eastern Region", if approved, would lower than ₹1,633.02 crore outlay announced in the previous budget (for FY24).
14.01 / 20:57
markets
Citi
Action
reports
stake
Grifols says Haier Group still OK to buy stake in Shanghai RAAS
BARCELONA (Reuters) — Spanish pharma company Grifols said on Sunday evening Chinese home appliance maker Haier Group still plans to close the acquisition of a 20% stake in Shanghai RAAS Blood Products as announced in late December.
14.01 / 20:57
14.01 / 19:11
UPS
Citi
security
performer
country
2020
UP plans 1,000-acre township in temple town Ayodhya
township in Ayodhya which will be a blend of contemporary and traditional architectural elements, Nitin Gokarn, the state's additional chief secretary for housing and urban development, told ET. The 'New Ayodhya', for which the state government has already secured land, will be India's first vastu-based township, he said. With the Ram Mandir's inauguration set for January 22, developers are lining up to acquire land in the region for commercial and residential development. «New Ayodhya City is going to be a river-centric city with a focus on sustainability,» said Gokarn. «It is going to be in one of the best cities in the county.» The senior official said they recently auctioned a plot for a hotel, where the reserve price was Rs 88,000 per sqm, and the successful bid was for Rs 108,000 sqm. «We are witnessing significant demand.
14.01 / 19:11
COST
Citi
Airlines
trends
travelers
Equality
Rising airline ticket costs drive families to choose road trips over flights for domestic travel
holidays (at least a week) to travel either by road using expressways or by train (especially Vande Bharat) for distances less than or equal to 1,000 km. And the reason behind this is high airline ticket costs. «We had planned a trip to Udaipur recently,» said Navendra Singh, a travel enthusiast and an executive with a leading Mumbai-based real estate firm. «For my family, which includes two kids, total airfare for the return journey amounted to '60,000.
14.01 / 19:11
markets
Citi
Target
Mobile
Metro
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Videos
Advertisement spending on connected TV seen at $500 mn by 2027
Advertisement spending on connected TV (CTV) is projected to touch $500 million by 2027 as the consumption of streaming content increases due to the affordability of internet-enabled TV sets and wired broadband subscriptions, a senior industry executive has said. «Ad spend on CTV is likely to grow at a rapid pace to touch $500 million by 2027,» said Siddharth Dabhade, South Asia managing director of global marketing intelligence firm MiQ. Previously, GroupM had projected that the CTV ad spend would be $395 million by 2027.
14.01 / 18:29
Citi
Provident
MET
President
country
social
Maldives sets 15 March deadline for India to pull out its troops
NEW DELHI : The Maldives has asked India to withdraw its troops stationed in the country by 15 March, said Abdulla Nazim Ibrahim, a top aide to President Mohamed Muizzu, at a press conference on Sunday. “Indian military personnel cannot stay in the Maldives. This is the policy of President Dr.
14.01 / 18:29
COST
UPS
Citi
Universities
social
Podcasts
NOT
Resilience is not just a product of inner strength
Resilience has become big business. Airport bookstores bristle with paperbacks explaining “why some flourish while others fold" or promising to help you develop “unbeatable" levels of “mental toughness." TED talks, podcasts and social media posts offer the three (or five) traits of resilient people, from optimism to grit to a growth mindset. As the management world has embraced the reality that any success is made up of numerous failures, a booming market has emerged for advice on how to bounce back, often with insights culled from elite military forces or extreme athletes.
14.01 / 18:29
UPS
Citi
Sustainability
Metro
pandemic
Experts
Realty wants sops, affordable housing push
₹45 lakh for affordable housing, in the metros, and a further increase in Mumbai, experts said. (Affordable housing is defined as a house or apartment valued up to ₹45 lakh, with a carpet area of up to 90 square metres, located in non-metros and villages, and 60 square metres in large cities.) “…Raising the limit from ₹45 lakh to ₹1 crore for metro city home buyers will significantly benefit the affordable housing segment, making homes more accessible," said Pritam Chivukula, vice-president of industry body Confederation of Real Estate Developers’ Association of India- (Maharashtra Chamber of Housing Industry (Credai-MCHI). Around 476,530 residential units were sold in 2023 compared to 364,870 units in 2022, according to Anarock Property Consultants.
14.01 / 17:23
markets
COST
Citi
Manufacturing
Platform
Mobile
Sustainability
Yulu eyes debt funding; to expand into new geographies
₹25 crore debt from Northern Arc Capital. Launched in 2017, Amit Gupta along with R. K.
14.01 / 14:34
Citi
Assurant
President
War
gatherings
peace
‘We want to listen to your Mann ki Baat… your pain’: Congress leader Rahul Gandhi at Bharat Jodo Nyay Yatra
mann ki baat’ but to hear about your ‘mann ki baat’. We want to know about your pain. We want to share a vision of brotherhood and harmony," former Congress president Rahul Gandhi Sunday said while addressing a large gathering at Khongjom (Manipur) for the second leg of the Congress’s nationwide campaign, the Bharat Jodo Nyay Yatra, in the city which was has been roiled by ethnic clashes since May last year.
14.01 / 13:29
UPS
Citi
Provident
Progressive
Waters
show
reports
Buying homes: Why tax policies need a tweak
₹35 lakh in metropolitan centres (with a population of 1 million and above) and up to ₹25 lakh in other centres… provided the overall cost of the dwelling unit in the metropolitan centre and at other centres does not exceed ₹45 lakh and ₹30 lakh, respectively." The remaining home loans are non-priority home loans. Second, home loans in India are given by commercial banks and housing finance companies. As per the National Housing Bank’s Report on Trend and Progress of Housing in India 2022, as of March 2022, of the total outstanding home loans of ₹25.11 trillion, 68% were distributed by banks and the remaining 32% by housing finance companies.
14.01 / 13:13
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