Citi Financial News

State Goods and Service Tax Officer, Chennai, conducted a search at its warehouse in the southern city on November 16-17, and a penalty of Rs 1 lakh was imposed for «minor non-compliance». In a regulatory filing, the company said the initiation of search was pursuant to the provisions of Section 67 of the Tamil Nadu Goods and Services Tax Act, 2017.

By Howard Schneider

By Juveria Tabassum and Juby Babu

Sitharaman on Tuesday said food certification should be done only by governmental agencies, and not by non-governmental organisations. In a press conference, replying to a query on the Uttar Pradesh government banning the production, storage, distribution and sale of food products with halal certification, she said it is not right for any organisation other than the government ones to give certification.

real estate investment platform, is expecting about threefold growth in assets under management (AUM) to reach Rs 4,000-5,000 crore over the next four-five years. The company is also looking to accelerate its product development process and diversify investment offerings by buying larger assets, said its CEO Kunal Moktan.

Citigroup Inc. said its head of wealth services is leaving as the lender conducts a global reorganization.

BEIJING — Chinese tech giant Baidu reported Tuesday third-quarter revenue that beat expectations, although growth was slower than during the previous three months.

Reliance Industries has invested ₹45,000 crore in West Bengal and is further planning to invest additional Rs. 20,000 crore in the next three years, chairman Mukesh Ambani said at the 7th Edition of Bengal Global Business Summit in Kolkata. “Reliance has invested close to Rs.

Kolkata. The new office, equipped with state-of-the-art facilities and collaboration spaces, will accommodate a growing team of professionals, a statement said.

TruCap Finance is aiming to achieve a gold loan AUM (asset under management) of Rs 700 crore in the current financial year through expanding its business in tier 3 and tier 4 cities, which are largely underserved by the formal credit channels. TruCap has witnessed the maximum growth in MSME gold loan business in tier 3 and tier 4 cities with women borrowers in the age group of 31-40 years being one of their biggest customers. The growth in disbursal has been 108 percent till June 2023 as compared to the same period last year with 42% addition in new borrowers. Underlining its commitment to nurturing talent, TruCap has implemented a fast-track talent development program.

Illumination Studios has released the trailer of highly anticipated spin off featuring Vector. First appeared against Steve Carell's character 'Gru' in 2010, the film ended with Vector stuck on the moon.

Quess Corp, IT staffing and business solutions provider has said. Within development, skill set which saw a surge of 36% in demand for developers proficient in over 100 technical proficiencies. “Mature skills like Java and .NET continued to dominate, with high demand in the banking, consulting, technology, telecom and automotive sectors.

Over the next 5 years, 4.7 million sq ft of space is set to enter Gurgaon’s retail market, as per the latest research report by 360 Realtors. Around 53.2% of the new space will be concentrated on the Golf Course Extension Road, especially in Sec 65 and 66. Besides, there is a growing spotlight on the Dwarka Expressway and New Gurgaon region as well, as per the report. The new retail space will comprise traditional mall-style development alongside new-age mixed real estate, SCOs, etc.

Central West Delhi, traditionally overshadowed by the luxury of South Delhi and Gurugram, is experiencing a significant transformation. This area is increasingly becoming a popular choice for luxury homebuyers, indicating a shift in Delhi’s real estate landscape.

When it comes to money, some people feel they have less money while others have enough to take care of their expenses. However, we all have some basic needs for which we need at least a certain amount so that we don’t face difficulties in fulfilling those needs and meeting some of our aspirations. However, assessing how much money is enough for you to live in India involves several considerations to ensure a balanced and comfortable lifestyle.

KPMG LLP, a multinational audit, tax and advisory firm, has further expanded its presence in India with the opening of a new global delivery centre office in Kolkata. The new office, equipped with state-of-the-art facilities and collaboration spaces, will accommodate a growing team of professionals, a statement said. KPMG currently has over 250 professionals in Kolkata and has ambitious plans to double its workforce by FY'25, it added. This expansion reflects the firm's recognition of Kolkata's vibrant talent pool and its strategic importance to KPMG's growth strategy, the firm said. «The professionals in Kolkata are joining a team of individuals developing critical skills that support the audit today and the more data-driven audit we are driving towards,» said KPMG U.S.

₹1 lakh crore business in the next 5 years. The hiring will be across the domains such as engineering, design, luxury, digital, data analytics, marketing and sales. “We are embarking on an exciting journey towards becoming a ₹1,00,000 crore business in the next 5 years.

China’s law enforcement agency in Wuhan arrested 27 individuals involved in a sophisticated crypto money laundering and crime operation involving 1 billion yuan, approximately $140 million.

Chalet Hotels, and EIH—clocked revenue per available room (RevPar) growth of 15%-plus year-on-year (YoY) (roughly 45% higher than Q2FY20). “Despite Q2FY23’s high base, the sector sustained its momentum with IHCL/EIH/Lemon Tree/Chalet clocking RevPar growth of 28%/23%/16%/25% YoY," the brokerage said in its report.

New York | Citigroup is eliminating more than 300 senior manager roles as part of chief executive Jane Fraser’s efforts to simplify the Wall Street giant.

Canada's Member of Parliament Chandra Arya on Monday shared a video and alleged that Pro Khalistani supporters in Surrey expressed their intent to cause disturbances at the Hindu Laxmi Narayan Mandir. In a post on X, Indian-origin Arya, wrote, “Last week Khalistan supporters verbally abused a Sikh family outside a Sikh Gurdwara in Surrey BC according to some reports. Now it appears the same Khalistan group want to create trouble at the Hindu Laxmi Narayan Mandir in Surrey." He stressed all these are being done in the name of freedom of speech and expression.