Citi Financial News

15.12 / 14:57
Citi Citizens Aware Racing Marathon Kolkata Police announces 4th edition of 'Safe Drive, Safe Life' half-marathon in January with ace athlete Colin Jackson in attendance
Half-Marathon on January 21, 2024, announced Kolkata Commissioner of Police Vineet Kumar Goyal on Friday. Ace athlete Colin Jackson was present at an event organised by Kolkata Police today. “It is a pleasant occasion that we are announcing this year’s Half-Marathon. We got inspiration from the Tata Marathon.
15.12 / 14:25
Citi Provident Platform Fighting Software testing medicines A Workout and a Blood Draw: Longevity Treatments Come to Gyms
Would you get blood work done at your gym? Longevity-focused treatments like IV vitamin drips, biological-age testing and peptide injections—questioned by many doctors but embraced by a growing group of health enthusiasts—are coming to mass-market fitness centers. Some fitness brands are adding or investing in clinics that offer access to weight-loss drugs, too. The push has the potential to bring once-fringe treatments purported to fight aging further into the mainstream.
15.12 / 13:25
Citi Target Landmark Citigroup reports Department shock Citi shuts once-envied muni business
Citigroup Inc. will shutter its municipal bond business, one of the most dramatic moves yet by Chief Executive Jane Fraser as she seeks to squeeze better returns out of the Wall Street giant.
15.12 / 13:03
Citi BLOCK reports strain Pakistan news: Militants attack police HQ, checkpost in Khyber Pakhtunkhwa; 5 officials killed
PTI. In the attack, four militants were also killed. The first attack occurred at the Police Lines in Khyber Pakhtunkhwa's Tank district, where three policemen were killed and three others injured, while four militants were also killed. Authorities said a terrorist blew himself up at the main entrance of the police office and residence block and the others stormed in.
15.12 / 13:03
Citi IPO Provident Target Experts band performer India Shelter Finance IPO subscribed to 36.6 times on Day 3; QIB, NII portions see huge demand
Also Read: Zomato skyrockets 108% in 2023: A look at how other new-age stocks performed this year Moreover, the strong demand from the retail segment continued on the final day, with the subscription rate soaring to 9.79 times. Non-institutional investors also displayed significant interest in the offering, as the subscription in the segment reached 28.47 times. Overall, the IPO received bids for 65,59,44,390 shares on the final day as against the 1,79,10,449 shares available for subscription, translating into a subscription rate of 36.62 times.
15.12 / 13:03
Citi Provident Death show ‘Delhi has no cold in November,’ counters AAP as BJP raises alarm over winter deaths among homeless
Delhi unit of BJP also launched a protest outside the Assembly demanding Chief Minister Arvind Kejriwal's statement in the House over the death of 203 homeless people in Delhi during the ongoing winter season. "We demand that Chief Minister Arvind Kejriwal provide answers on the issue in the House," Ramvir Singh Bidhuri said. As the noise around the issue grew, Delhi Minister Saurabh Bharadwaj came out and spoke with the media on the issue of the death of homeless people in the capital city.
15.12 / 12:13
Citi Provident Strategy Harmonic performer stake CPP Investments, Blackstone take stake in $17-billion commercial-property loan portfolio of failed Signature Bank
A joint venture that includes Blackstone Inc. and Canada Pension Plan Investment Board has won a stake in a nearly US$17-billion portfolio of commercial-property loans from the failed Signature Bank.
15.12 / 11:01
Citi Remark social innovations testing In or out? Jonty Rhodes' tweet on Hyderabad airport toilets with lights leaves netizens in stitches
Jonty Rhodes, currently in India, has been actively engaging with fans on social media, sharing amusing tweets that have gone viral. His latest post features a picture of toilets at Hyderabad airport, commending the authorities for a seemingly ordinary yet innovative addition – simple indicator lights to signify whether the toilet is occupied or vacant. «Seems like the toilets at the new (and impressive) Hyderabad International Airport have embraced the 3rd umpire referral system to signal whether users are 'in' or 'out',» Rhodes tweeted alongside the photo. In response, one user humorously suggested, «The designer must be a proponent of Schroedinger's cat!» Another commented, «Great observation! I would have thought Indians might relate better if they opt for a 3rd umpire-like system.» Playfully recalling a cricket moment, someone remarked, «Wasn’t it used for the first time when you ran out @sachin_rt at Kingsmead, 32 years ago? Happy memories, Jonty.» A month ago, Rhodes shared a video from Bengaluru's Murugan Cafe, expressing his enjoyment of walking around the city before the rush.
15.12 / 11:01
Citi Provident Digital Gap economy President Latin Centre LTIMindtree opens Mexico City delivery centre
LTIMindtree has opened a new delivery centre in Mexico City to expand its presence in Latin America, the company said on Friday. The centre will enable workforce transformation and localisation for LTIMindtree in the Americas and was inaugurated on Thursday. It will support the company’s capabilities in the region, bringing LTIMindtree’s services closer to its customers in the SAP and digital engineering service lines. As the LATAM delivery & operations head, Anurag Tripathi, associate vice president of LTIMindtree will lead the Mexico City delivery centre with a focus on future growth and delivering high-quality results for customers.
15.12 / 10:53
Citi Dreams reports Imam from Mecca to lay foundation stone for new Ayodhya mosque: Report
Times of India reported. The Mohammed Bin Abdullah mosque, named after Prophet Mohammed-Bin-Abdullah, will be built by the Indo-Islamic Cultural Foundation Trust on land allotted in Dhannipur village in compliance with the Supreme Court's directives in 2019.
15.12 / 10:53
Citi FIVE CEO Metro Celebrity country reports Liquor industry in high spirits as holiday season is around the corner, premium brands to boost sales
Diageo India. The Manipur government's decision to legalise liquor in the state is also expected to drive up sales. The state government withdrew the prohibition from district headquarters, greater Imphal areas, tourist locations and registered hotel establishments, according to media reports.
15.12 / 10:53
Citi Digital Booking Platform performer reports Axis Bank vs Punjab National Bank: Which banking stock should you choose for long term?
RBI holding rates, GDP growth coming better than expected in the September quarter as well as the improving global macros have also been aiding the sentiment. The Indian banks delivered healthy earnings during the second quarter of FY24, but the performance was marked by slowing momentum. The lenders reported net profit growth of 33 percent year-on-year (YoY) led by a reduction in credit costs.
15.12 / 10:53
Citi Career PwC Southern pandemic information Companies Are Already Recruiting Their 2025 Summer Interns
The starter pistol has sounded for college internship applications—for the summer of 2025. Companies in finance and accounting are now recruiting for interns nearly 18 months before college students would be expected to start. The investment bank Guggenheim Securities and the Royal Bank of Canada, in addition to accounting stalwarts Grant Thornton and PricewaterhouseCoopers among others, started advertising for 2025 summer internships this fall.
15.12 / 08:07
Citi economy Moderna Nikkei country reports record high Stock market today: Asian markets churn upward after the Dow ticks to another record high
Asian shares have churned higher after the Dow Jones Industrial Average climbed to another record high
15.12 / 06:15
Citi FIVE stage country strain Militants attack police office and army post in northwest Pakistan. 2 policemen, 3 attackers
Taliban stronghold in northwest Pakistan before dawn Friday, triggering firefights that killed two police officers and three insurgents, security officials said. The attack in the town of Tank in Dera Ismail Khan came three days after a suicide bomber in the same region rammed his car into a police station’s main gate and five others opened fire, killing 23 officers in this year's worst attack on troops. Local police chief Iftikhar Shah said two police officers were “martyred” and three others were wounded in Friday's attack on the police headquarters, while two of the attackers died. He said a third militant was killed by soldiers during the assault on a nearby army post. No one immediately claimed responsibility, but suspicion was likely to fall on the Pakistani Taliban, known as Tehreek-e-Taliban Pakistan, or TTP. The group is separate from Afghanistan's Taliban though it is allied with the Afghan movement, which seized power in the neighboring country in August 2021 as U.S.
15.12 / 06:01
Citi Man Waters Manufacturing Healthcare electronic Updates Cost of Living LIVE Updates Dec 15: Fuel prices steady. Check petrol and diesel prices in your city
Cost of Living LIVE Updates December 15: 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.
15.12 / 06:01
Citi Digital Gap Strategy Mobile reports Zomato is winning the contest with Swiggy
₹42.3 lakh spend on Swiggy, spurring speculation on X (formerly Twitter) about the possibility of this user being rival Zomato. In the world of food delivery services, Zomato and Swiggy stand as direct competitors. Their core business is delivery of food, linking a vast array of restaurants and cloud kitchens to a shared customer base.
15.12 / 06:01
Citi IPO Target Experts band recommendations NOT India Shelter IPO: Bidding ends today. GMP, subscription status, other details; apply or not?
India Shelter IPO: The initial public offering (IPO) of India Shelter Finance Corporation Limited Ltd opened for subscribers on 13th December 2023 and it will remain open till 15th December 2023. So, bidding for India Shelter IPO ends today. Hence, primary market investors have just one day in hand to apply for this IPO.
15.12 / 05:49
Citi Yellow President reports Who is Lalit Mohan Jha? The Kolkata connection of the mastermind behind Parliament security breach
Lalit Mohan Jha, the alleged mastermind behind the December 13 Parliament security breach on the anniversary of the 2001 Parliament attack, was arrested on Thursday. According to Delhi Police, Jha, accompanied by an accomplice turned himself in, after a manhunt was launched to nab the alleged mastermind behind the entire conspiracy in the Parliament Security breach case. A Delhi court on Thursday had granted seven days custodial remand of all four accused persons arrested earlier — Manoranjan D, Sagar Sharma, Amol Dhanraj Shinde and Neelam Devi — in connection with the Parliament security breach matter. In the Thursday's security breach in Parliament, Sagar Sharma and Manoranjan D had jumped into the Lok Sabha chamber from the public gallery during Zero Hour, released yellow smoke from canisters and shouted slogans before being overpowered by MPs.
15.12 / 05:49
Citi Provident Digital Strategy Align Experts etmarkets ETMarkets AIF Talk: Goal congruence among regulators essential to drive foreign interest in GIFT City: Abans Group
Over the past decade, India has been one of the fastest growing economies in the world and is becoming the most sought after investment destination for foreign investors. The GIFT International Financial Services Centre in Gujarat is a step in the direction of attracting higher foreign capital. Abhishek Bansal, Chairman, Abans Group believes that aligning policies and regulations with international standards, is one of the essential aspects to drive investments. “One crucial aspect for enhancing foreign investors’ interest in GIFT City is achieving goal congruence between national regulatory agencies and the GIFT regulator,” says Bansal. Such an approach ensures investor-friendly policies that meet global expectations and foster confidence and interest among foreign investors in GIFT City, he said. Edited excerpts: Notwithstanding certain regulatory hiccups, the last couple of years has been quite good for the AIF industry. Can you share some of the trends to watch out for the segment in 2024? Over the past years, the AIF industry in India has defied regulatory challenges, witnessing significant growth. Investors, including institutions and high-net-worth individuals, are increasingly drawn to alternative investments, seeking diversification beyond traditional assets. Sector-specific funds focusing on areas like technology and healthcare have gained popularity, offering targeted exposure and potential high returns.

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