Citi Financial News

diamond ring and suspected a hotel staff of stealing it. But the police resolved the mystery and found the valuable ring at a place no one could think about. The owner will get his ring back and the hotel has offered him a three-night stay free to compensate for the inconvenience caused.

Gujarat International Finance Tec-City (GIFT) to over 3,300 acres along with vibrant social infrastructure from current 886 acres is in the final stages of completion and is likely to be submitted by Gift Urban Development Authority to the Gujarat government’s Urban Development Department in the next few weeks. The second phase development plan with town planning schemes around the GIFT City is expected to be unveiled after the state government’s review and feedback from the public as per the statutory requirements. The development plan is expected to further the efforts to develop GIFT City, counted amongst Prime Minister Narendra Modi’s dream projects, in a global financial activity hub. «The expansion of GIFT City limits, the riverfront development, and the upcoming metro connectivity are pivotal steps in our journey toward an integrated and thriving metropolis.

Tata Power said on Monday that its unit Tata Power EV Charging Solutions Limited has signed a Memorandum of Understanding (MoU) with Indian Oil Corporation Limited (IOCL) to install more than 500 fast and ultra-fast electric vehicle (EV) charging points across India. Tata Power will install EV charging points across multiple IOCL retail outlets, the company said in a statement.

There’s a common lament across the halls of Expo City Dubai, the 1,000-acre venue of CoP-28, the climate huddle: This event feels more like a slick trade show than an environmental summit. About 100,000 attendees—nearly three times the number who attended CoP-26 in Glasgow—are milling through the venue. Fossil fuel companies have more than 2,000 representatives in attendance, including Sultan Al Jaber, president of the conference and the chief executive officer of the Abu Dhabi National Oil Company, the UAE’s state-owned petroleum business.

Canada’s economy is stalling, the unemployment rate is rising and housing costs are crushing some households. The country’s banks are exposed to all of that, yet their shares are surging.

Citi analysts resumed coverage of Broadcom (NASDAQ:AVGO) with a Buy rating and $1,100 price target in a note Monday, stating that AI tailwinds offset the semiconductor downturn.

China's Huawei will start building its mobile phone network equipment factory in France next year, a source familiar with the matter said, pressing ahead with its first plant in Europe even as some European governments curb the use of the firm's 5G gear. The company outlined plans for the factory with an initial investment of 200 million euros ($215.28 million) in 2020, but the roll-out was delayed by the COVID-19 pandemic, the source said on Monday. They declined to be identified because they are not authorised to comment on this matter.

₹24.60 crore from the upcoming public offer. Established in 2006, Shree OSFM E-Mobility Limited, formerly recognized as Om Sai Fleet Management (India) Private Limited, specializes in delivering employee transportation services to prominent multinational corporations (MNCs) with a widespread presence in major cities throughout India. The company has offices in 42 sites in cities like Mumbai, Navi Mumbai, Pune, Bengaluru, and Kolkata.

By Sinan Abu Mayzer and Lucy Marks

Citigroup economists believe that Jerome Powell faces a “major” decision at Wednesday's FOMC meeting: whether to accept the loosening of financial conditions or resist it.

Investing.com — U.S. stock futures were little changed on Monday as investors geared up for the Federal Reserve's upcoming two-day policy meeting later this week.

Investors are still digesting the Friday economic data, including a hotter-than-expected jobs report, while also preparing for the busy calendar of macro catalysts, including the release of U.S. inflation data and FOMC decision.

Shejaiya district of Gaza City, while also conducting airstrikes on Rafah, a town on the southern border with Egypt where the Israeli army has told people in Gaza to take shelter. Haaretz published an analysis by Yagil Levy, a sociology professor at the Open University of Israel, which found that in three earlier campaigns in Gaza, in the period from 2012-22, the ratio of civilian deaths to the total of those killed in airstrikes hovered at about 40%.

air quality index (AQI) in Mumbai has improved but continues to be moderate and not satisfactory, the Bombay High Court said on Monday, while asking the Maharashtra government to come up with a comprehensive plan to find a final solution to the issue. A division bench of Chief Justice D K Upadhyaya and Justice G S Kulkarni asked the government to take the issue seriously, as lakhs of people continue to suffer because of the air pollution in the city.

Macy's (NYSE:M) shares surged by 20% in U.S. premarket trading Monday following a $5.8 billion buyout offer from Arkhouse Management and Brigade Capital Management.

old and new regimes, slightly surpassing the 71% of their male counterparts. Another interesting aspect revealed by the survey is the changing mindset of different age groups.

'India Economics Outlook 2024: India Resilient in a growth-challenged World,' the report has said that the Indian economy, while resilient, is not immune to the deceleration expected in the next fiscal year. This projection comes against the backdrop of the Reserve Bank of India's recent revision of the growth forecast for FY24 to 7%, an increase from the previous 6.5%, buoyed by factors such as rising rural consumption and increasing capital expenditure.

copper demand is likely to grow 11 per cent in the current financial year on the back of the government's thrust on infrastructure development and a gradual transition to green energy, ICRA said on Monday. The rating agency further said it expects a stable outlook for the country's domestic sector.

Anandpur Sahib Resolution as a «separatist document» in the NCERT's Political Science textbooks. The information was shared by Union Minister of State for Education Annapurna Devi in response to a written question in the Lok Sabha by Shiromani Akali Dal MP Harsimrat Kaur Badal.

Adani Total Gas surging by as much as 65%. This upswing is attributed to the positive outlook on the BJP government's potential return to power in 2024, following the party's success in three key state elections, which has bolstered investor sentiment.

home loan EMIs have been pivotal factors in convincing tenants to invest in their own homes. The report also threw light upon the continued reliability of the real estate sector for investment among Indians. In the survey, it was found that 74% of respondents found real estate as a better option to invest in compared to other options like gold, bitcoin, etc.