Citi Financial News

Hindalco Industries has seen its share price rise more than 20% during the period. Also Read- HFCL share price locked at over 7% upper circuit to hit 52-week high mark: What drove the rally? Nevertheless, on the Global front the demand growth has remained muted (around 2% in 2023 as per ICRA estimates). While the global copper demand was expected to get a boost by the opening up of China economy post easing of Covid-19 curbs at the start of 2023, the same however did not happen leading to disappointment.

banks will remain closed on the occasion of Christmas which falls on Monday this year. In Nagaland, Kohina will continue to celebrate Christmas on December 26 and 27 (Monday and Tuesday). Additionally, banks will also remain shut in Mizoram's capital Aizawl, and Meghalaya's capital Shillong on December 26 due to extended Christmas celebrations.

Lokkho Kanthe Gita Path: Prime Minister Narendra Modi lauded the “Lokkho Kanthe Gita Path" programme in a message on December 24, 2023. PM Modi expressed admiration for the program, which is set to take place at Parade Ground in Kolkata, emphasizing the commendable nature of the initiative that aims to have one lakh people recite the Gita. The message by PM Modi highlighted the praiseworthy objective of the “Lokkho Kanthe Gita Path" initiative, according to ANI.

₹49 trillion in November, led by impressive growth in equity funds amid bullish market sentiment and strong inflows. Equity assets (including index funds) in November were up 32.3% from a year earlier. Since January, equity-oriented schemes have seen net inflows of ₹1.4 trillion, a tad lower than ₹1.5 trillion in the same period a year ago.

Taiwan's defence ministry said on Sunday that over the previous 24 hours it had detected eight Chinese fighter jets crossing over the median line of the Taiwan Strait, as well as one Chinese balloon. Taiwan, which China claims as its own territory, has repeatedly complained of Chinese military activity around the island over the past four years. China has been stepping up its missions near Taiwan as the Jan. 13 presidential and parliamentary elections on the island approach. Taiwan's defence ministry said the Chinese J-10, J-11 and J-16 fighter jets had crossed the median line at points to the north and centre of the strait. The median line once served as an unofficial barrier between the two sides, but Chinese planes now regularly fly over it. Taiwan sent its own forces to monitor, the ministry said. The ministry also reported another Chinese balloon in the strait, the latest in a spate of what Taiwan says are most likely for monitoring the weather, driven by prevailing winds at this time of year. It said the balloon was spotted after crossing the median line late on Saturday morning 97 nautical miles (180 km) northwest of the northern Taiwanese port city of Keelung at altitude of approximately 20,000 feet (6,100 metres). The balloon headed east and disappeared around one hour later, the ministry added. The potential for China to use balloons for spying became a global issue in February when the United States shot down what it said was a Chinese surveillance balloon.

Gaurav Dayal, Commissioner of Ayodhya has said that in the meeting held on Saturday, arrangements were reviewed for the upcoming Prime Minister Narendra Modi's visit to the holy city on December 30, where he will inaugurate the airport and railway station and also conduct a roadshow and public gathering. «All facilities are available in hospitals. The Chief Minister is also reviewing it. For high-end services, we will keep a backup plan from here to Lucknow.

Gaza officials said Saturday, and Israel announced the death of five soldiers after the UN failed to call for a ceasefire. Eleven weeks into the Israel-Hamas war, Israeli forces pressed on with their offensive, a day after the UN Security Council adopted a resolution for more aid to flow into the besieged Gaza Strip.

MEXICO CITY (Reuters) — Mexican President Andres Manuel Lopez Obrador said on Friday his government will reinforce measures to contain migration as he seeks to help the United States cope with record numbers of people trying to reach the U.S. border.

Indian Premier League (IPL) once again minted some fresh crorepatis out of little-known, domestic cricketers via its bidding-based auction system. It’s been a recurrent theme at the IPL auctions for many years now. Perfectly sane, brilliant minds sitting on the round tables at the auction somehow get triggered by the sight a cricketer and can’t stop themselves from continuously lifting the paddle up (if you haven’t seen the auction, that’s how bidding is done) until something, or someone, break the mysterious spell and make them stop.

Pep Guardiola is happy to call Manchester City the best in the world this year, but an all-time great team? That debate must wait for years if not decades. «Right now, I don't know,» Guardiola said after City cruised to its first Club World Cup title by easily beating Fluminense 4-0 on Friday, lifting a fifth domestic and international trophy in 2023. Guardiola is the first coach to win the FIFA club title with three different teams and compared City's status to the great Barcelona side he led to be champion of Spain, Europe and the world in 2011. «If people talk about the team 25 or 30 years later it means you're a really good team,» he said. «Today is nice.

Kansas City Chiefs, acknowledges Taylor Swift's newfound connection with the team, dubbing her a member of the «Chiefs Kingdom». The reigning NFL MVP shared his thoughts on Swift's newfound connection with the team, attributing it to her relationship with Chiefs tight end Travis Kelce. Despite the team initially keeping their romance low-key, Mahomes expressed nothing but positivity about Swift's association with the Chiefs. He mentioned that the team refrained from publicizing it until the couple made their relationship official. Kelce and the Chiefs have found a winning rhythm with Swift in attendance, boasting a 5-2 record when she graces the game. Looking ahead, the Chiefs are gearing up for their upcoming clash in Week 16, where they will play host to the Las Vegas Raiders on the festive occasion of Christmas Day.

Baltimore Ravens are the sole team in the American Football Conference (AFC) to have secured their playoff spot after Week 15. In the AFC race, everything remains up for grabs, with quarterback injuries introducing an element of uncertainty. The Miami Dolphins currently hold the second position in the conference, while the reigning Super Bowl champions, the Kansas City Chiefs, are situated third in the AFC standings.

BETHLEHEM, Occupied West Bank (Reuters) — Palestinian Christians held a sombre Christmas vigil in Bethlehem on Saturday, with candle-lit hymns and prayers for peace in Gaza instead of the usual festive celebrations at the spot where they believe Jesus Christ was born.

SAN SALVADOR (Reuters) — A local court in El Salvador has ordered the arrest of former President Alfredo Cristiani for the alleged cover-up of the 1981 El Mozote massacre during the Central American country's civil war that lasted twelve years.

airports in the world. For example, the new Bangalore Terminal 2 is made with a bamboo motif and feels like a mix of Singapore Changi Airport and being in the Broadway musical, Miss Saigon.

DLF plans to generate sales of Rs 1,400 crore from its latest commercial project in Gurugram and residential project in Panchkula, said Aakash Ohri, joint managing director of DLF Home Developers Ltd. The company is on track to surpass its guidance of launching luxury residential projects worth Rs 12,400 crore in 2023-24, he said, amid the ongoing price increase in the premium property segment. Additionally, the real estate developer's recently unveiled Central 67 project, spanning 8.69 acres and featuring shop-cum-office spaces, is expected to generate revenue of Rs 700 crore. «The project is fully sold out, with substantial interest from end users. The high-street segment is in high demand, and the presence of several residential developments in proximity to the project will attract foot traffic to the complex,» said Ohri. Plot sizes start at 140 square yards and the project provides dedicated space for commercial activities. «Located at the Sohna elevated corridor, this project assures effortless connectivity to major business hubs and cities through the Delhi-Mumbai Industrial Corridor, ensuring convenience,» said Ohri. The company is expecting another Rs 700 crore from The Valley Orchard, low-rise residences in Panchkula, Haryana.

Himachal Pradesh like Kasol and Manali are witnessing massive traffic congestion as tourists flock the hill stations causing slow vehicular movement as Christmas Eve nears. Further Atal Tunnel in Rohtang Pass received fresh snowfall on Saturday. The Atal Tunnel, an engineering marvel in the Himalayas, is a highway tunnel constructed under the Rohtang Pass in the eastern Pir Panjal range.

Sonam Wangchuk on Saturday asserted that climate change poses a greater threat to the human race than world wars.

By Nidal al-Mughrabi and Emily Rose

XIAN (Reuters) — Chinese electric car maker Nio (NYSE:NIO) on Saturday unveiled a flagship model featuring self-developed technologies including semiconductors, betting they would help prop up earnings, as a bruising price war and slowing car demand weigh on profitability.

Gujarat government's decision to allow liquor in GIFT City and called it a progressive and bold step that will attract major companies and quality workforce to the area. The state government on Friday lifted the ban on liquor in the Gujarat International Finance Tec-City with the aim of providing it with a «global ecosystem.» Jaxay Shah, CMD of Savvy Group, an Ahmedabad-based firm with a construction area of 4 million square feet in GIFT City, said, «It is a historical, progressive and bold step. GIFT City was competing in terms of infrastructure and was at par or even ahead of many international financial cities in the world.