Citi Financial News

JP Morgan Asset Management fixed income portfolio manager Kelsey Berro discusses when the Fed might start lowering interest rates on Making Money.

electric vehicles. Legacy two-wheeler maker TVS Motor-backed Ultraviolette, which makes the performance electric bike F77, is set to enter European markets like Spain, Germany, Italy, and France. On the other hand, Hero MotoCorp-backed Ather Energy, which currently makes two models of its 450 series of electric scooters, started selling its vehicles in neighbouring Nepal earlier this month.

Nine Blocks Capital Management has become the first crypto hedge fund to obtain a Virtual Asset Management and Investment Services license from Dubai’s Virtual Assets Regulatory Authority (VARA), the company announced in a press release Monday.

Parthiv Thakkar Indian citizens have many options for investing abroad. For one, they can put their money in mutual funds that invest outside of India. The advantage is ease of transaction but taxation is at slab rate for those in high tax slabs.

Didi Global said on Monday its ride-hailing app had experienced a «systems malfunction» after users in multiple cities including Beijing and Shanghai said they were unable to book rides in the evening. The company apologised for the issue on its official Weibo account and said it was urgently trying to fix it.

Kansas City Chiefs' tight end, Travis Kelce, made history during the team's 31-17 victory over the Las Vegas Raiders. In his 154th game in the league, Kelce reached a remarkable milestone by becoming the fastest tight end to reach 11,000 receiving yards. Kelce broke the previous record held by Hall of Famer Tony Gonzalez, who accomplished this in 191 games.

Manchester City's strategist, Pep Guardiola, unveiled some insights into his coaching methods, humorously attributing his success to his charm and limited training sessions. Guardiola, known for his exceptional leadership, revealed his approach ahead of a crucial fixture. Jokingly, Guardiola suggested that his 'handsomeness' played a role in conveying messages effectively to his players during training sessions.

Canadian rock band, 'Nickelback' is all set to enthrall their fans once again. The band recently announced the big UK and European 2024 Get Rollin’ arena tour. After the successful North American tour supporting their latest LP, praised as a 'great rock album' in our 4/5 review for being crafted on the creators' terms with musical flair, songwriting finesse, and occasional immense force, the band is set to visit 12 cities across eight countries next May and June. The Lottery Winners will be joining the band on this tour. The band said that they are very excited to begin the Europe tour and meet every fan. As part of their 'Get Rollin' Tour,' the Canadian rock group is scheduled to entertain audiences with 12 arena performances across eight countries in May and June 2024. The tour will begin on May 16, 2024, in Glasgow, UK at OVO Hydro. Further, the tour will come to an end on June 8, 2024, in Munich, Germany at Olympiahalle. Adding more, the band said that it has been far too long since they have performed in Europe, and these will be incredibly special shows for the band.

Rohit Bal is reportedly admitted to Medanta Hospital in the National Capital Region owing to pre-existing cardiac condition. The fashion designer is reportedly critical and has been put on ventilator support. According to HT City, people familiar with the ailment of Rohit Bal has informed that Rohit Bal has been admitted to Medanta Hospital and remains in a critical condition.

Gaurav Bhatia accused Delhi Chief Minister Arvind Kejriwal on Monday of being 'crime master Gogo', a fictional character who dupes people and accused the AAP government of discrepancies in the Delhi Jal Board's (DJB) tendering process for upgrading its sewage treatment plants. Questioning the AAP government's silence on the Delhi Jal Board scam, BJP leader Gaurav Bhatia said, «There are many illegalities in the said scam, but the 'crime-master' Gogo (Arvind Kejriwal) will not speak a word on corruption-related matters.» Bhatia said ten sewage treatment plants in the city were divided into two categories and only upgradation was to be done in the first category, while in the second category, the work was related to increasing the capacity. Addressing the media, BJP spokesperson Gaurav Bhatia said, «If there is any politician in India who has mastered the art of corruption, lies, and deceit then it is Arvind Kejriwal...»

Surge, Peak XV Partners’ scale up-programme for early-stage startups. Other notable angels in the round include Naveen Kukreja, cofounder of Paisabazaar, Cred founder Kunal Shah, Zomato cofounder Mohit Gupta, Park+ founder Amit Lakhotia, among others.

Currently, passengers have to remove items such as electronic items and liquid from hand luggage and put them on trays for security checks. Once implemented, the 3D CTX machines will reduce the time taken for security checks at airports. Passengers wont need to take out electronic devices like laptops or chargers and liquids and put them on trays at security checkpoints. Airports will also have to reconfigure the layouts at airports as CTX machines are larger than the 2D X-ray scanners in use currently. Besides passenger convenience, CTX machines will also improve detection of prohibited items. London City Airport in April this year, according to a BBC report, allowed electronics to be kept in hand luggage at security after installation of the CTX machines. The UK government has set a June 2024 deadline for most UK airports to install the machines. “CTX will not only improve passenger experience at airports by speeding up PESC process, but also improve detection of prohibited items and make security more robust. This will enhance the capability of detecting non-metallic threat objects like liquid, gel or plastic contraband,” TOI had reported citing sources .

Analysts at Citi lowered the price target on Ulta Beauty (NASDAQ:ULTA) by $35 to $440 per share on expectations the company will miss analyst targets when it reports this week.

Citi strategists see the S&P 500 extending the bull run into the next year as earnings growth is expected to broaden from here.

Whether you see the past week-and-a-half action in the Russell 2000 (IWM) as a bullish ascending triangle or pennant, it's clear there is a significant bullish turn in momentum since the early November gap higher (on higher volume accumulation).

Bank of India (RBI) permitted the linking of Rupay credit cards to UPI accounts, thereby allowing the plastic to be used for smaller transactions as well. Most major banks now offer Rupay credit cards that can be linked to your UPI account, irrespective of the category of the card. But, will existing credit card holders have to get a separate Rupay card just to avail the UPI payment option? No, one can get a virtual Rupay credit card in just a matter of a few hours.

Are you familiar with the “Mukhya Mantri Ladli Behna Yojana" initiated by the Madhya Pradesh government in January 2023? This program aims to provide financial empowerment to underprivileged girls and women in the state, offering a monthly grant of ₹1000. This translates to an annual sum of ₹12,000 deposited into the bank accounts of eligible women aged 23-60 years old.

The World Bank estimates that India will need to invest approximately $ 840 billion in urban infrastructure over the next 15 years. The Union Budget 2023-24 has already allocated ₹10 trillion towards capital investment and has identified one hundred critical transport projects for first and last mile connectivity.

IMD) has issued an 'orange' alert, saying hailstorms, gusty winds at the speed of 30 to 40 km per hour and thunderstorms accompanied by lightning are very likely to occur at isolated places of west and east MP on Monday. Jhabua district received the highest 110.3 mm rainfall while Barwani district recorded 109 mm downpour in the 24-hour period ending at 8.30 am Monday.

A state-owned Chinese bank will link the digital yuan to the “world’s biggest small commodities market” via the latter’s payment platform.

Narendra Modi visited the famous Sri Venkateswara Swamy Temple in Tirupati and offered his prayers on Monday. Taking to 'X', PM Modi said in a post, «At the Sri Venkateswara Swamy Temple in Tirumala, prayed for the good health, well-being and prosperity of 140 crore Indians.» PM Modi arrived in Andhra Pradesh's Tirupati on Sunday. Andhra Pradesh Chief Minister YS Jagan Mohan Reddy and Governor S Abdul Nazeer welcomed the Prime Minister on his arrival at the Renigunta airport.