Citi Financial News

Canadian Imperial Bank of Commerce is looking to off-load loans on struggling United States office properties.

“Hy-Box technology is an outcome of extensive research and development pursuits based on reliable scientific analysis and study, which has the potential to accelerate the pace of offering a clean and sustainable alternative to conventional fossil fuels,” said Gaurav Tiwari Tony, who has not only worked on Liquefied Natural Gas (LNG) projects but has also built a Floating Storage Regasification Unit (FSRU)-based LNG terminal. FSRU is a floating vessel that can transport, store, and re-gasify Liquefied Natural Gas (LNG) on-board. He revealed that the new Hy-Box Technology is purely a thermal heat technology where a 200-degree hard rock is used to generate steam in a closed loop, which is then directed to propel turbines to generate green power.

consecration ceremony at the Ram temple in Ayodhya, the demand for saffron flags bearing images of Lord Ram, Lord Hanuman and the upcoming grand temple has risen manifold. As Ayodhya will virtually be fortified on the day of the 'Pran Pratishtha' on January 22, devotees from nearby districts are arriving early for a 'darshan' of Ram Lalla and are purchasing these flags, besides other merchandise bearing the name and images of Lord Ram.

President Vladimir Putin warned on Friday that Moscow would regard any move by Britain to deploy a military contingent to Ukraine as a declaration of war against Russia. Former Russian President Dmitry Medvedev, now deputy chairman of Russia's Security Council, made the comments in response to a visit by British Prime Minister Rishi Sunak to Kyiv to announce an increase in military funding to help Ukraine purchase new military drones. «I hope that our eternal enemies — the arrogant British — understand that deploying an official military contingent to Ukraine would be a declaration of war against our country,» Medvedev wrote on the Telegram messaging app. Medvedev, whose frequent and harsh public statements diplomats say give an indication of hawkish thinking at the top of the Kremlin, also asked how the Western public would feel if Sunak's delegation came under fire from cluster munitions in the centre of Kyiv, something he said had recently happened to Russian civilians in the city of Belgorod. Belgorod, in southern Russia, is located close to the Ukrainian border and has been targeted by Ukrainian rockets and drones in recent months. In the incident referred to by Medvedev on Dec.

insurance fund and carry out a sweeping internal reorganization. The loss was also fueled by the bank stockpiling money to cover currency risks in Argentina and Russia. The third-largest U.S. lender by assets posted a loss of $1.16 per share for the three months ended Dec.

By Tatiana Bautzer and Manya Saini

election for the Mayor of London is scheduled for May 2 and the battleground of candidates challenging the incumbent, Sadiq Khan, is gradually expanding with two Indian-origin entrepreneurs in the race as independent candidates. While businessman Tarun Ghulati, 63, had launched his mayoral campaign during a visit to India at the end of last year, property entrepreneur Shyam Batra, 62, is the latest entrant to the contest making up nearly a dozen candidates.

Mahanagar Gas, the city utility arm of Gail India, on Friday announced a joint venture with Baidyanath LNG, the first domestic firm to set up LNG retailing outlets, to form Mahanagar LNG. The joint venture will focus on developing LNG infrastructure to cater to the increasing demand for clean and sustainable energy solutions for the long-haul and close-loop transportation segments, MGL said in a statement.

special invitations have been reportedly sent to 6,000-7,000 people, including several politicians and celebrities. As the fervour over the Ram Mandir ceremony remains high among the people of the country, here's how expensive the flight tickets to Ayodhya from 10 major cities are. Roughly, there was a difference of ₹1,000-3,000 in the fares of few trips available on MakeMyTrip and EaseMyTrip platforms.

Ritesh Aggarwal has revealed that “Ayodhya saw a 70% jump in OYO app users vs Goa (50%) and Nainital (60%)". According to MakeMyTrip's co-founder and group CEO Rajesh Magow, there is a 5x upside in searches year-on-year and there are 4x more bookings as compared to last year for Ayodhya. “At the moment, room night bookings in Ayodhya are almost 10 percent of the top pilgrimage sites in the country, so the potential for growth is significant," Magow observed, as quoted by Moneycontrol.

Atal Setu' or the Mumbai Trans Harbour Link (MTHL), the country's longest sea bridge, the face of Navi Mumbai is changing rather swiftly, as it will shorten travel time between Mumbai and Navi Mumbai to 20 minutes from two hours. The bridge will also enable connectivity to 'Third Mumbai' or the 'Navi Mumbai Airport Influence Notified Area (NAINA)'. It is to be noted that at present, the infrastructure projects include MTHL, Navi Mumbai Metro, Navi Mumbai International Airport and NAINA which are unfolding one by one.

Reliance Industries Ltd, India's largest company, has launched the Graduate Engineer Trainee programme, aiming to hire graduate engineers across businesses — from petrochemicals to new energy. Reliance has opened its entry-level recruitment drive for young engineers named the Graduate Engineer Trainee (GET) 2024 programme from all over India, with an aim to nurture young, high-potential engineering talent for key technical roles across business verticals, the firm said on its website. This year, the application process has been taken online for the first time. Registration for the programme has started from January 11 and will remain open till January 19, the firm said on its website.

By Clare Jim

BEIJING — Chinese augmented reality glasses and software company Rokid this week announced it raised 500 million yuan ($70 million) in a funding round led by the government of Hefei city.

Cost of Living LIVE Updates January 12: 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.

Citi Research on Friday lowered its Brent price forecasts for this year and 2025, citing oversupply concerns but expects prices holding above $70 per barrel in 2024 as OPEC+ keeps global oil markets «finely balanced». Citi cut its 2024 Brent price forecast by $1 to $74 per barrel and slashed 2025 forecast by $10 to $60 per barrel, but said in a note that recent activity in the Red Sea causing further tension in the Middle East could see near-term upside to the risk premium. The United States and Britain launched strikes from the air and sea against Houthi military targets in Yemen in response to the movement's attacks on ships in the Red Sea, a dramatic regional widening of the Israel-Hamas war in Gaza. Brent crude futures were trading around $79 a barrel at 0337 GMT on Friday, while U.S.

₹400 crore in India. Film Salaar, featuring Baahubali-famed actor Prabhas, earned ₹90 crore on its opening day. Salaar: Part I Ceasefire was released on 22 December 2023, a day after Shah Rukh Khans's film Dunki.

Hightower has announced the completion of a strategic investment in a New York wealth management and financial planning firm managing $3.3 billion in assets.

A man who allegedly waved the flag of a terrorist group while marching in downtown Toronto has been arrested and charged.

Assam CM Himanta Biswa Sarma on Thursday said that the state government hasn't been approached for necessary permission for Congress' Bharat Jodo Nyay Yatra. Sarma told media persons here: «There is no harm in giving permission as the state government always welcomes tourists. However, rally cannot be allowed through school premises and Guwahati city.

Sydney: Papua New Guinea's prime minister declared a state of emergency on Thursday, suspending government and police officials after 16 people were killed in rioting in the Pacific island nation. A police and public sector protest on Wednesday over a pay cut that officials blamed on an administrative glitch descended into lawlessness. Television footage showed thousands of people in the streets of the capital Port Moresby, many of them carrying what appeared to be looted merchandise as black smoke billowed over the city.