Citi Financial News

power generation and distribution company Torrent Power is planning to raise up to Rs 650 crore through the issuance of non-convertible debentures (NCDs), as per officials aware of the development. The company is considering issuing the NCDs in tranches of two years, three years, and five years, market sources said. Torrent Power is expanding operations in the green energy segment and may use the proceeds to fund the same. Axis Bank and Barclays are likely the arrangers of the issue, they added.

Omron Healthcare, the world's largest maker of home blood pressure monitoring (BPM) devices, is betting big on India where the number of people suffering from hypertension is on rise as the population ages and lifestyles change. In an interview to ET, Tetsuya Yamada, managing director of Omron Healthcare India, said the device maker plans to expand its footprint in India and go beyond metro cities, roll out new products, strengthen online distribution, and partner local pharmaceutical companies and startups to raise awareness. «India has just 2% penetration of home BPM; when compared to BRICS it is very low.

Last year, India witnessed a series of extreme weather events, the last one being in Tamil Nadu in December. Chennai and some other districts saw intense flooding after Cyclone Michaung hit on December 4.

ALSO READ: Why there are long queues at petrol pumps in these cities? Drivers' protest against new hit-and-run law explained In a major relief, a few states said they have adequate fuel stocks. Here's what states said as "panic buying" triggered fears of a shortage of fuel at petrol pumps: A senior Punjab official said there was no need for the public to panic as adequate stock of petrol and diesel is available in the state.

₹300 crore, and 250 restaurants in the next four years, with $250 million in annual revenues, Thomas said. “We have added 17 restaurants in the last year, and have 13 more in the pipeline. We have aggressive plans and 80% of the funding will go into acquiring new properties and expansion.

AIMIM chief Asaduddin Owaisi of provoking the country's youths by «communalising» the consecration of the Ram temple in Ayodhya. Rural Development Minister Giriraj Singh said both Hindus and Muslims in India have the «same DNA», and urged Hindu youths to pledge that no attacker will be able to harm the Ram Temple in Ayodhya. He was reacting to Owaisi's reported remarks where, while referring to Babri mosque, the AIMIM asked the Muslim youths if they don't feel the pain that «the place where we sat and recited the Quran for 500 years is not in our hands today».

Japan Airlines flight JAL-516, believed to total 379 people, got out safely before the plane was entirely engulfed in flames. The Japanese coast guard said the pilot of its plane had escaped. NHK reported that the five other crewmembers had been found dead.Local TV video showed a large eruption of fire and smoke from the side of the Japan Airlines plane as it taxied on a runway.

The on-going protests have caused heavy traffic jams on the highways, long queues at fuel stations in several states and a panic situation among the people. As per the chairman of the All India Motor Transport Congress (AIMTC) President, Amritlal Madan, almost 60-70 per cent of all trucks are not on the roads right now due to the ongoing strike.

By Ruma Paul and Sudipto Ganguly

In 2023, the real estate sector witnessed dynamic shifts with distinct performances in the residential and commercial segments. Residential markets across cities experienced robust growth, driven by the increased demand and new supply additions.

housing demand in India. The affordable housing segment, by virtue of being in the smaller ticket segment, is relatively less rate-sensitive than the mid and luxury segments. Rate hikes of 250 bps in a short period of less than a year have had some impact on the consumer's psyche and we did see some degree of postponement in purchase when the cycle was underway.

By Kiyoshi Takenaka, Sakura Murakami and Kantaro Komiya

Tony Grauslys, a 56-year-old merchandiser from Hudson, N.H., is upset that lawmakers focus on other countries’ problems when America can’t fix its own. Marvin Jenkins, 60, a retired state trooper in Saginaw Township, Mich., worries that both leading presidential candidates are too old. Juliet Will-Robinson, 38, a graduate student from Freemansburg, Pa., wishes there was a viable third-party alternative.

Thereal estate market, a key driver of the country's economy, has been undergoing rapid evolution and growth in recent years. Fueled by increasing urbanisation and rising incomes, the housing sector has become a significant contributor to India's economic landscape. With a surge in demand for homes, major builders have made strategic adjustments to pricing, fostering expectations of a positive trajectory for house prices in the coming years.

Shika stood in a queue to get rations of a suddenly scarce, but vital, commodity: drinking water. The line snaked out the door and around the town hall building, past paving stones jutting out of the ground that were forced upwards by the powerful series of tremors on New Year's Day.

Pee Safe, a hygiene and wellness brand, said only less than a third of women in India use or have access to female and intimate hygiene products such as sanitary pads, tampons, menstrual cups and vaginal wash among other period related products, indicating the potential market as well as the need to raise awareness about such products. With feminine hygiene penetration lower than 30% in India, a host of companies have entered the segment historically dominated by P&G and J&J. While they have a significant presence in India, the challenges are also equally massive in increasing market penetration due to limited awareness about feminine hygiene and low purchasing power of a significant portion of the Indian women populace.

PTI, Acharya Satyendra Das said not just peace, ‘Ram Rajya’ is coming to Ayodhya. "Not just peace, 'Ram Rajya' is coming. Ram Lalla will be seated in the sanctum sanctorum," he said and added a couplet -- "Ram Raj baithe trialoka, harshit bhai, gaye sab shoka".

Due to large number of aspiring candidates applying for CTET Examination, the last date for submitting online application was extended to 1 December, 2023,. The facility for online change for course and examination city centre was available through CTET website https://ctet.nic.in from 4th December to 8th December. .12.2023 (Friday).

billionaire businessman Niranjan Hiranandani, the co-founder and managing director of the Hiranandani Group, recently opted for a Mumbai local train to beat the city's notorious traffic and save time. The 73-year-old real estate magnate shared his insightful journey from Mumbai to Ulhasnagar in an AC coach through a video on Instagram, which quickly went viral, accumulating over 37 million views and more than four lakh likes. In the video, Hiranandani can be seen waiting at the platform alongside other passengers, boarding the AC coach with a few members of his team, and engaging with fellow commuters during the 30-minute ride.

₹7 lakh. Earlier, the punishment in such cases was two years in the IPC. In the Winter Session of Parliament, the Union Government passed the Bharatiya Nyaya (Second) Sanhita, 2023, the Bharatiya Nagarik Suraksha (Second) Sanhita, 2023 and the Bharatiya Sakshya (Second) Bill, 2023.

Mint had earlier reported that KfW plans to finance India’s PM E-Bus Sewa scheme, which aims to introduce 10,000 electric buses in nearly 170 Indian cities. The scheme is expected to cost Rs. 57,613 crore with ₹20,000 crore being provided by the government.