Citi Financial News

05.01 / 13:34

Citi Provident Waters Southern Research country International Sri Lanka declares moratorium on research ships for a year amid Indian concerns over Chinese vessels

Sri Lanka has declared a moratorium on foreign research ships entering its waters for a year amid concerns from India over Chinese research vessels docking in its neighborhood. Though the moratorium comes ostensibly for capacity building it is seen as a reaction to growing concerns in India.

05.01 / 12:39

Citi MET FIVE Extreme Yellow Department week Delhi's bone-chilling cold spell to continue for next week

Delhi Winter: Cold is expected to persist in Delhi for the next three days as the city recently witnessed its coldest day conditions in two years. A layer of lifted fog throughout the day, coupled with frosty northerly winds, contributed to the chill, with the maximum temperature at Safdarjung plummeting to 12.5 degrees Celsius, marking a 'severe cold day' as per the Indian Meteorological Department.

05.01 / 12:33

UPS Citi Fox ICE country cover Warmer winter weather creating headaches for businesses that rely on seasonal tourism

Many U.S. states rely on winter tourism, but with record-breaking, warmer winter temperatures, some businesses are losing money.

05.01 / 12:21

markets Citi Digital trends Trade reports Updates Marico sees single-digit drop in Q3 revenue

NEW DELHI : Marico’s consolidated revenue in the December quarter declined in low single digits on a year-on-year basis, although operating profit saw a low double-digit growth, the company said in a quarterly update. The maker of Parachute oil also said it expects a low single-digit jump in domestic volumes for the December quarter, driven by improved demand for its flagship products, mainly in the cities.

05.01 / 12:20

UPS Citi Provident Hyundai Honda City and Amaze receive discount up to ₹88,600 this January: Offer and variant details

₹88,600 if they opt to purchase one of these sedans by January 31. This month, the Honda City is eligible for the highest benefits, allowing buyers to avail savings of up to ₹88,600 on the sedan purchase. The City comes with a cash discount of ₹25,000 or the option of complimentary accessories valued at ₹26,947.

05.01 / 12:14

UPS Citi Provident economy country testing 2024 2024 Subaru Crosstrek Wilderness: A Leggy Crossover That’s Wild at Heart

OY, PIONEERS! Please tell me you’re not taking the average compact crossover wagon into the boonies. The salesperson might have told you it had all-wheel drive, and it probably does, sort of. But such systems are often surprisingly feeble off road.

05.01 / 11:09

markets UPS Citi Digital Schools International India’s new finance hub GIFT City gives first nod to rich to invest abroad

capital overseas, raising hope for the nation’s wealthy as they wait for clarifications from regulators to make similar moves. Premji Invest has received an in-principle approval to set up a so-called family investment fund at Gujarat International Finance Tec-City, also known as GIFT City based in Prime Minister Narendra Modi’s home state, according to people familiar with the matter. Dozens of applications for FIFs that allow families to make investments across various asset classes and instruments offshore, are still pending, said the people, asking not to be identified discussing a private matter.

05.01 / 10:06

Citi Parke film show audience fun Disney’s Mickey Mouse Copyright Expired. Now He’s On a Rampage.

Mickey Mouse, is that you holding a bloody knife? Slashing youngster’s necks? Looking tattered and blood stained? Disney’s most famous character is getting reworked. And it isn’t pretty. The company lost its copyright protection of an early version of Mickey Mouse this year, giving movie and videogame makers a chance to reimagine the family friendly rodent—mostly as killers.

05.01 / 09:59

markets UPS Citi Remark Metro Experts surges Demand for luxury housing in India surges, villas most popular in metro cities: NoBroker

Why one should invest in real estate in Bengaluru: Experts share 5 profit tips Among the housing units, the appeal of owning a villa has intensified in the metro cities. Delhi-NCR, Mumbai-MMR, Hyderabad, and Bangalore have seen the greatest demand for these luxury properties.

05.01 / 09:52

Citi Provident President exclusive Features 2024 Bajaj Chetak 2024: Enhanced Urbane and Premium Versions launched! Details

₹1,15,001 and ₹1,35,463 respectively (ex-showroom). The company has successfully sold over 1 lakh Chetak electric scooters in over 140 cities. Additionally, Bajaj is providing the TecPac accessory, which customers can conveniently purchase online.

05.01 / 08:28

COST UPS Citi Metro Food Updates Cost of Living LIVE Updates Jan 05: Fuel prices steady. Check petrol and diesel prices in your city here

Cost of Living LIVE Updates January 05: 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.

05.01 / 08:21

markets Citi economy Sustainability trends reports Housing sales in top eight cities witness 33% YoY growth in 2023: Report

Residential real estate sales in India were at their highest since the peak seen in 2013, witnessing a 33 percent YoY growth, with a total of 4.10 lakh units sold during calendar year 2023, according to the latest report by PropTiger.com.

05.01 / 08:21

UPS Citi Provident Metro Election Deloitte trends 2024 budget 2024 Budget 2024: What to expect on the personal taxation front?

Union Budget 2024: Gita is your average software professional with a keen interest in following the daily trends of Indian economy to understand its impact – be it in the rise in prices of fruits or that of the stock market. She tends to connect the trends with RBI rates or FDI announcements. With upcoming year-end holidays, she is all geared up to appreciate the changes impacting her salary and plan for her new home in the next financial year.

05.01 / 06:28

markets UPS Citi Art Manufacturing Sustainability reports Why Indore is a lucrative garment manufacturing hub for SMEs

Indore has been seeing a steady demand for the apparel category in the festive and wedding season over the last few months. The city, as per estimates, is home to over 2500 small and medium-sized garment manufacturers. As per a report in The Times of India, demand for the city’s readymade garments in December 2023 saw a jump with dispatches to Andhra Pradesh and Tamil Nadu up by more than 10 per cent amid the boom witnessed during the wedding season. So, what is it that makes Indore such a viable garment manufacturing hub for a host of SMEs in the city? Devroop Dhar, Co-Founder, Primus Partners says the garment hub in Indore is thriving and experiencing consistent growth given its rich heritage and tradition.

05.01 / 06:27

markets Citi Provident Digital country reports Centre 2024 India's data centre capacity to cross 1GW mark in 2024

top seven cities is poised to exceed one gigawatt by 2024, marking a near three-fold increase in just four years, reflecting the voracious appetite for content in a country that leads the world in smartphone data consumption. That trend is likely to intensify as 5G networks expand further across the country that added a record 230 megawatts of new capacity last year. Cushman & Wakefield reported that the total colocation capacity (IT load) in the top seven cities reached 884 MW in 2023, marking a 35% year-on-year increase. «Colocation supply is expected to reach a record high next year, with numerous greenfield facilities set to go live by both domestic and international players.

05.01 / 05:02

markets UPS Citi Provident Strategy Tesla performer trumps Tesla trumps BYD in China sales efficiency with real-time strategy

SHANGHAI (Reuters) — Tesla (NASDAQ:TSLA)'s strategy in China of real-time, aggressive management of its sales staff is giving its stores an edge over dealerships offering BYD (SZ:002594) and other brands in the world's largest auto market, according to three people with knowledge of the matter.

05.01 / 05:01

markets Citi Gap Trade band country 2020 China's yuan eases against the dollar on widening yield differential

SHANGHAI (Reuters) — China's yuan eased against the dollar on Friday, as a widening yield spread and balance sheet policy divergences between the U.S. and China remained short-term headwinds for the yuan.

05.01 / 04:37

UPS Citi Target security wellness country Will China save the planet or destroy it?

nuclear-power stations faster than any other country. It has also invested heavily in renewable energy (see chart 2), such that it now has around 750 gigawatts of wind and solar generating capacity, about a third of the world’s total. By the end of the decade the government aims to have 1,200GW of such capacity, more than the total power capacity of the European Union at the moment.

05.01 / 02:45

Citi President Photos show track social Investigations New York City subway train derails in collision with another train, injuring more than 20 people

service disruptions across Manhattan during the afternoon rush hour, authorities said. At about 3 pm on the Upper West Side, a 1 train carrying about 300 passengers and an out-of-service Metropolitan Transportation Authority (MTA) train with four workers on board hit each other near the 96th Street station, police and transit officials said at the scene. A «derailment» is when at least one wheel of a train leaves the track. Photos posted on social media by city emergency management officials showed the passenger train partially off the tracks in an area that had a track-switching mechanism. Officials said there were no immediate signs of equipment failure and investigators were seeing if human error was involved.

05.01 / 02:30

markets Citi Digital ETF security Citigroup Bitcoin Former Citi execs plan ‘SEC free’ bitcoin-backed securities

As speculation about the upcoming approval or denial of spot bitcoin ETFs reaches a fever pitch, a group of former Citigroup Inc. executives is starting to offer securities backed by the oldest cryptocurrency that they say don’t need the blessing of U.S. regulators.

04.01 / 20:40

Citi Provident Dreams Pinnacle Destiny Features Weekly Destiny 2 Dungeon and Raid Rotation: Check out the weekly schedule and more

Destiny 2 maintains its core events in Season 23, with the weekly Dungeon and Raid rotations providing opportunities for Guardians to earn unique gear. Weekly Reset Timing

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