Citi Financial News

As major economies of the world grappled with recession, Indian economy witnessed significant growth across sectors on the back of strong fundamentals, robust demand, and government-led investments. As per IMF’s World Economic Outlook Report in October 2023, Indian economy expanded by 7.2% in FY23, the highest amongst major economies of the world. Following the same trend, it is anticipated to grow by 6.3% in FY24 compared to 3% growth in the world economy. As a result, the real estate sector, which contributes significantly to India’s GDP and registered heightened real estate activities during the current year, is expected to maintain its growth momentum in 2024 as well.

Vistara flights bound for Hyderabad from Bengaluru and Mumbai had to return to their respective departure cities on Monday morning. The first one, UK837 traveling from Mumbai to Hyderabad, had to go back to Mumbai because of unfavourable weather at the Hyderabad airport. Similarly, the second flight, UK897 from Bengaluru to Hyderabad, was diverted and returned. #DiversionUpdate: Flight UK873 from Mumbai to Hyderabad (BOM-HYD) has returned to Mumbai (BOM) due to bad weather at Hyderabad airport and is expected to arrive in Mumbai at 0915 hours. Please stay tuned for further updates. — Vistara (@airvistara) December 25, 2023 «Flight UK873 from Mumbai to Hyderabad (BOM-HYD) has returned to Mumbai (BOM) due to bad weather at Hyderabad airport and is expected to arrive in Mumbai at 0915 hours,» the airline posted on X (formerly Twitter). #DiversionUpdate: Flight UK897 from Bangalore to Hyderabad (BLR-HYD) has returned to Bangalore (BLR) due to bad weather at Hyderabad airport and is expected to arrive in Bangalore at 0940 hours.

Covid cases registered a rise in the country towards the end of 2023 with sub-variant JN.1 on the radar while the Delhi government planned to step up genome surveillance to tackle the issue going forward. As the new threat looms on the horizon with an uptick in Covid cases amid the festive season, doctors in Delhi have advised people to wear masks, avoid gatherings and maintain a healthy diet. The devastating third wave of the Covid pandemic driven by the Omicron variant had resulted in a record surge of infections in Delhi in early 2022, and the second one driven by the Delta variant had wreaked havoc in the national capital, as at other places, in 2021.

Himachal Pradesh, particularly on Christmas and in anticipation of the approaching new year. The state experienced a substantial influx of visitors at its tourist destinations, which are facing heavy traffic jams and slow vehicular movement owing to the spirit of festive fervour on Christmas. Also Read: Merry Christmas 2023: Top 20 wishes and messages for Christmas Day; what to write on cards Local residents of Himachal Pradesh encountered comparable disruptions as tourists from various parts of the country began converging on the well-liked hill stations of Shimla and Manali in anticipation of Christmas and New Year celebrations.

no joy" this Christmas as Israel bombed the besieged Palestinian territory on Monday, with no end in sight to the war that Hamas says has claimed more than 20,000 lives. Festivities were effectively scrapped in the occupied West Bank city of Bethlehem, revered as the birthplace of Jesus Christ, with few worshippers or tourists on the usually packed streets.

midnight masses and carols sung in praise of Lord Jesus ushered in the Christmas festivities in Goa where several people gathered at churches and beaches for the celebrations held throughout the night. The streets of capital city Panaji were crowded with people who participated in the celebrations till the early hours of Monday after attending the midnight masses in churches. The famous Church Square in the heart of Panaji turned into a sea of people, as a large number of tourists have also arrived for the Christmas and New Year celebrations in the coastal state, which has about 30 per cent Christian population.

real estate investment trusts (REITs) offer an indirect yet accessible way to invest in real estate, allowing individuals to benefit from property income and appreciation without direct ownership responsibilities. REITs provide liquidity and portfolio diversification in the real estate market, added Navin.

China and brought blizzards in its wake, sending temperatures towards historic lows. 1)The temperature recorded at Beijing's Nanjiao weather station rose to above zero degrees Celsius on Sunday afternoon for the first time in days, state media Beijing Daily reported. 2)According to Beijing Daily, since the temperature first dropped to below zero degrees on December 11, the temperature has remained below that line for more than 300 hours.

cricket for more reasons than one. Let’s have a look at controversies and talking points of the year. Big cricket cities in India like Indore, Mohali, Rajkot, and Nagpur were upset about not being picked to host World Cup 2023 games.

Pope Francis has kicked off global Christmas celebrations with a call for peace, as Israel's war on Hamas and Russia's invasion of Ukraine cast a shadow over one of the world's favourite holidays. Having said earlier in the day that he was thinking of people «who are suffering from war — we are thinking of Palestine, of Israel, of Ukraine», the pope struck a sombre tone during his Christmas Eve mass.

Narendra Modi will virtually address a programme and distribute dues worth Rs 224 crore pertaining to workers of Hukumchand Mill in Madhya Pradesh's Indore city on Monday. The PM will participate in 'Mazdooron Ka Hit, Mazdooron ko Samarpit' event to be held at Kankeshwari ground via video conference and hand over a cheque of Rs 224 crore, an official release said.

MOSCOW (Reuters) -Russian and Ukrainian military officials both reported downing enemy aircraft on Sunday in different areas of the 1,000-km-long (621-mile) front of their 22-month-old war.

By Jose Torres

Pope Francis lamented the war in the Holy Land where Palestinian health officials said airstrikes killed at least 78 people on Christmas Eve in one of the Gaza Strip's deadliest nights in Israel's 11-week-old battle with Hamas. Israeli strikes that began hours before midnight persisted into Christmas Day on Monday. Local residents and Palestinian media said Israel stepped up air and ground shelling against al-Bureij in central Gaza. At least 70 people were killed in an Israeli airstrike targeting Maghazi in central Gaza, health ministry spokesperson Ashraf Al-Qidra said, adding that many were women and children. The Israeli army said it was reviewing the report of a Maghazi incident and was committed to minimising harm to civilians.

Ukraine — Russian attacks on southern Ukraine's Kherson region killed five civilians on Sunday, Ukrainian officials said, while Russian-installed officials in the eastern town of Horlivka said one person was killed in result of Kyiv's shelling. Russian forces abandoned the city of Kherson, the administrative centre of the Kherson region on the Dnipro River in southern Ukraine, and the western bank of the River over a year ago but have since subjected many areas there to constant shelling from their positions on the eastern bank.

Henan are facing a winter heating supply crunch after a cold wave swept through a swathe of areas, bringing blizzards and sending temperatures to near historic lows. Persistent cold snaps have put thermal power suppliers under strain in Jiaozuo, a city in Henan, with a breakdown of heating boilers in one of the major suppliers leaving some areas in urgent need of more heat supply.

release of new City sets in early 2024. Diversifying from licensed brands, these sets reflect LEGO's creative essence.

French government-owned utility services provider Électricité de France SA (EDF) is looking to raise more than $100 million for its smart meter platform, three people with knowledge of the development said. The company is looking to bid for contracts in major cities across India, the first person cited above said. “A few strategics and climate funds have been reached out to.

Northern and northeastern parts of the country have experienced a record-breaking chill since last week, with some areas in the northeast hitting minus 40 Celsius (minus 40 Fahrenheit) and below as biting cold air flowed down from the Arctic.

Renting costs in prime residential micro-markets in Mumbai, Delhi, Bengaluru, Noida, and Gurugram have surged by up to 35% in 2023, driven by the resumption of normal office routines by corporate employees who had chosen to work from non-metro locations through the Covid years. Central Delhi, Golf Course Road, and Dwarka Expressway in Gurugram have witnessed the highest appreciation of 35% while in Mumbai, rentals have increased by 19%. As per Savills India, cities are observing a rise in average rental values due to the increasing demand for leasing larger homes, with improved amenities gaining momentum.

Piramal Enterprises Ltd, said growth is being largely powered by public capital expenditure, which empirically has a very high multiplier effect on the rest of the economy. “However, some of the other engines of the economy need to pick up to ensure sustainability of this high growth. As far as September quarter data is concerned, private consumption, agriculture and services sectors seem to be slipping into a slow track.