Citi Financial News

FreedomWorks senior economist Steve Moore provides insight on the state of the economy on 'Making Money.'

THE STREET signs in Inner Mongolia, a region in northern China, are written in two languages. There are the blocky characters of Mandarin, the mother tongue of most Chinese. Then there is the vertically-written script of Mongolian, which is spoken by many people in the region.

You can subsidize a buyer into the auto showroom, but you can’t make him buy. That’s the word from some 3,900 car dealers across the country who on Tuesday wrote President Biden that electric vehicles are piling up unsold on their lots. They want relief from his onerous and unrealistic EV sales mandate.

Hinduja Group came under an Income Tax survey on November 29, news agency PTI reported. The survey operation was carried out in the said entities located in Mumbai and some other cities, the report said citing official sources. The income tax survey operation is reportedly part of a tax evasion investigation. Under the income tax law for survey operations, only office premises were covered, reports said. An email sent by PTI to the Hinduja Group did not elicit an immediate response. According to sources cited by PTI, the income tax department action is also connected to provisions of the General Anti-Avoidance Rules (GAAR). Hinduja Group owns IndusInd Bank, Hinduja Leyland Finance and Hinduja Bank (Switzerland). The group is currently diversifying and is readying plans to make forays into new tech, digital and fintech. According to the group, this is part of its new phase of growth.

The new minister for the City of London has called on regulators to adopt a more accommodating approach towards risk-taking in a bid to revitalize the UK’s stagnating economy.

Hinduja Global Solutions (HGS) in Mumbai, as per an ANI report. Besides this, a survey is also underway on Ashok Hinduja, Chairman of the Hinduja Group of companies. More details are awaited.

GRAP III restrictions lifted in Delhi-NCR as air quality improves Yesterday the Centre revoked restrictions under Stage-III of GRAP in the entire NCR with immediate effect. Post this decision, the ban on BS III petrol and BS IV diesel four-wheelers in Delhi, Gurugram, Faridabad, Ghaziabad, and Gautam Budh Nagar has been lifted. On 2 November, the pollution control panel of the Central government implemented Stage-III restrictions, instructing the cessation of non-essential construction work, mining, and stone-crushing.

₹100 crore between the first and second seasons, Tenzing Niyogi, CEO of the league told Mint. The league is now gearing up for its second season, scheduled to commence this December in Odisha. Last week, Kho Kho Sports League Private Limited, the company behind UKK, successfully concluded a Series A funding round, raising an undisclosed amount from FinNest Sport, a UK-based entity owned by Biswanath Patnaik’s BNP Venture Capital Limited.

Cost of Living LIVE Updates November 29: The cost of living is basically 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.

Jeewan praman patra in order to continue receiving pensions. With the advent of technology, the process of submitting a life certificate has become hassle-free.

fire breaks out at chemical plant in Gujarat's Surat city after explosion in storage tanker: Fire official.Milestone Alert!Livemint tops charts as the fastest growing news website in the world

air quality index in the National Capital remains in the 'poor' category on Wednesday morning. As per the official data, in the Alipur area and Ashok Vihar, the air quality was recorded as 'poor' with AQI readings of 260 and 288, respectively, at 7 a.m. In ITO Delhi, the AQI was 381, falling in the 'very poor' category, while Aya Nagar logged an AQI of 184, falling in the 'moderate' category. Similarly, the AQI at the Indira Gandhi International Airport (T3) was recorded at 232, falling in the 'poor' category. The air pollution in the National Capital had improved slightly on Tuesday morning following light rainfall in several parts of the Delhi-National Capital Region on Monday. The air quality index from 0 to 100 is considered 'good', 100 to 200 'moderate', 200 to 300 'poor', 300 to 400 'very poor' and from 400 to 500 or above 'severe'. Meanwhile,Delhi Environment Minister Gopal Rai on Tuesday advised citizens to remain cautious, although the air quality improved after the rain on Monday. Delhi Environment Minister Gopal Rai said, «A few days back, Delhi's AQI had reached the 'Severe' category. On Monday, the city received light rain because of which there has been an improvement in pollution.

A mine operator says an elevator suddenly dropped about 650 feet while carrying workers to the surface in South Africa, killing 11 and injuring 75

Panama's Supreme Court has unanimously declared a 20-year concession for a Canadian copper mine that had sparked weeks of protests as unconstitutional

Russian media say a court in Moscow has extended the detention of Wall Street Journal reporter Evan Gershkovich, arrested on espionage charges, until Jan. 30

Israel released more hostages and prisoners under terms of a fragile cease-fire that held for a fifth day Tuesday as international mediators in Qatar worked to extend the truce and the United States urged Israel to better protect Palestinian civilians in Gaza if it follows through on its promise to resume the war. In the latest swap since the cease-fire began Friday, Israel said 10 of its citizens and two Thai nationals were freed by Hamas and had been returned to Israel.

central bank suggested that more rate hikes could be in the offing. The kiwi jumped more than 1% to hit a four-month peak of $0.6203 after the Reserve Bank of New Zealand (RBNZ) kept interest rates steady, as expected, but revised its official cash rate (OCR) track higher for 2024 and 2025, pointing to further tightening ahead. «Whilst the RBNZ were expected to hold, their statement struck a hawkish tone by stating that inflation remains too high,» said Matt Simpson, senior market analyst at City Index. The Australian dollar similarly scaled a four-month top of $0.6670, unfazed by domestic data showing inflation eased by more than expected in October as goods prices fell, while core inflation also edged down. The Antipodean currencies got a lift from a falling greenback, which tumbled to an over three-month low against a basket of currencies as bets grow that the U.S. Federal Reserve could begin cutting rates early next year. Fed Governor Christopher Waller — a known hawkish and influential voice at the central bank — on Tuesday flagged a possible rate cut in the months ahead, feeding market expectations that U.S.

ecommerce ecosystem is estimated to have posted about 23% increase in sales over the Black Friday weekend compared to last year’s Black Friday weekend with fashion and beauty products ‘dominating’ sales, according to ecommerce enablement platform Unicommerce. Websites run by individual brands saw order volumes rising by 28% during the weekend while marketplaces saw their order volumes expand 19%, Unicommerce data showed. “While during the Diwali festive sales, marketplace growth outpaced D2C (direct-to-consumer) brands, the trend was reversed during the Black Friday weekend,” it said in a statement.

Rocksteady Games, the original developer of Batman: Arkham Asylum, is set to explore the darker side of the DC universe with their upcoming release, Suicide Squad: Kill The Justice League.

The man charged with shooting three college students over the holiday weekend in Vermont has had a peripatetic, on-again, off-again career in the retail securities industry, working as a registered broker at five different firms over more than two decades.

Mint explains the background and lists the options: Consumers in India use a whole variety of pulses, including tur (pigeon pea), masoor (lentils), chana (gram), urad (black gram), and moong (green gram) as a staple. The most recent data from the consumer affairs department shows that except for lentils, the year-on-year price rise in other varieties ranges from 19% for gram to 41% for tur. In some major cities the price rise is more pronounced.