Citi Financial News

BCE Inc., Canada’s largest telecommunications company, said it will chop capital spending by $1 billion after a regulator ordered the country’s major phone providers to open up their broadband networks to smaller rivals at prescribed rates.

Bombay High Court issued permission to burst firecrackers on Diwali only for three hours, between 7 pm and 10 pm, to combat worsening air pollution in Mumbai. The financial capital's air quality has deteriorated in recent months, with AQI consistently remaining in the moderate to poor category (150-200). A central team is expected to visit the city soon to evaluate the dire situation and what steps the state government has taken to tackle the challenge that leaves a deep imprint on the environment, the health of citizens and the economy. However, banning crackers — as Delhi has done for several years — or restricting their use — as the court suggested in Mumbai — while very welcome, won't be enough.

«Permanent Distortion» author Nomi Prins argues Fed policy is adversely affecting everyone on «Making Money.»

Bank of India (RBI) has released admit cards or call letters for the Assistant recruitment preliminary examination and the candidates who have applied for the examination can visit the bank’s website, opportunities.rbi.org.in to download it. Follow the instructions given below to easily download the admit card. Candidates can also visit the IBPS website, ibps.in to get the latest updates, as the institute will also be conducting the examination for RBI. The preliminary examination will be conducted on November 18 and 19 and the Mains exam is scheduled for December 31. Steps to follow to download the RBI Assistant Prelims admit card:

Fragile markets, shadow lenders, international tensions and too many wars — global bankers gathering in Hong Kong were meant to discuss how they’re adapting to the financial world’s “complexity” and ended up dwelling on the potential for big blowups instead.

Investor sentiment regarding the Nasdaq is displaying signs of improvement as approximately $3 billion in new «risk flows» were introduced to futures linked to the growth-heavy index last week, as reported by Citi strategists.

'UPI Safety Ambassador' to strengthen safety awareness on digital payment platforms. The NPCI move follows the ongoing discussions regarding the safety and security of digital payment platforms, particularly the United Payments Interface (UPI). In a post on the social media site X (formerly known as Twitter), the NPCI announced the partnership with the acclaimed Bollywood actor.

Prestige Estates Projects, Macrotech Developers (Lodha) and DLF, have surged between 58-70 per cent on strong sales momentum despite elevated interest rates. Along with the pent-up demand, realty stocks are riding the strong economic recovery of the country.

By Vaibhav Agrawal

By Gabriella Borter

Israel's deadliest ever war in Gaza, sparked by the October 7 Hamas attacks, entered its second month Tuesday as Prime Minister Benjamin Netanyahu stressed there would be no ceasefire until the militant group releases its 240 hostages. Netanyahu also said Israel would assume «overall security» in Gaza after the war ends, while allowing for possible «tactical pauses» before then to free captives and deliver aid to the besieged territory of 2.4 million people. The Gaza death toll has soared above 10,000, mostly civilians, said the Hamas-run health ministry, as UN rights chief Volker Turk decried a month of «carnage, of incessant suffering, bloodshed, destruction, outrage and despair.» Israel has vowed to destroy the Islamist militants over their unprecedented attack which claimed 1,400 lives in Israel, including entire families slain inside their homes and young people killed at a music festival, according to Israeli officials. Orit Meir's 21-year-old son Almog was at the festival near Gaza and apart from a brief Hamas-posted video of hostages showing him since then — the family has had no updates. «Our life became a nightmare but this nightmare is our reality,» she told reporters at an event in Athens focused on bringing the hostages home. Since the attack, Israel has relentlessly hammered targets in Gaza with more than 12,000 air and artillery strikes and sent in ground forces that have effectively cut the strip in half, with soldiers and tanks tightening the encirclement of Gaza City. The Israeli army said that in the latest battles its «troops secured a military stronghold belonging to the Hamas terrorist organisation in the northern Gaza Strip.

Yogi Adityanath-led Uttar Pradesh may get to change the name of another city Aligarh, after successfully changing Mughal Sarai as Pandit Deen Dayal Upadhayay Nagar, Allahabad as Prayagraj and Faizabad district as Ayodhya district, reported NDTV on 7 November. According to the report, the Aligarh Municipal Corporation has unanimously passed a proposal to change Aligarh's name to Harigarh. Mayor Prashant Singhal in a meeting on 6 November presented the proposal and it was supported by all councillors.

a speech on November 3rd Hassan Nasrallah, the leader of Hizbullah, appeared to show that he wanted to avoid engaging in an all-out war. Our satellite data show whether this rhetoric matches the reality on the ground (see map). The satellite data are updated twice daily, tallying large fires detected by FIRMS, a NASA satellite system that was originally designed to detect forest fires.

In Bengaluru, several areas, including Banaswadi, Bayapanhalli, Gunjur, Waddarpalya junction, and Shankar Nagar area were left inundated. The Bengaluru Traffic Police issued an advisory requesting the commuters to use alternate routes in the areas which were flooded. To take of the situation, Karnataka Deputy CM DK Shivakumar paid a surprise visit to the war room of BBMP head office at Hudson Circle at midnight and reviewed the situation.

The air quality index (AQI) in Delhi and several cities of the National Capital Region improved to the “very poor" zone on Tuesday morning. Of the 10 cities with the worst air quality as of 11 am, five were in Haryana, three were in Rajasthan, and one in Uttar Pradesh. Just four cities recorded a “severe" AQI, down from seven a day ago.

WeWork filed for Chapter 11 bankruptcy protection in the United States on Monday, as part of what it described as a «comprehensive reorganization» of its business. The startup, which was once worth about $47 billion, had started sending distress signals months in advance.

Delhi, Uttar Pradesh and Rajasthan governments to take steps to stop stubble burning. Following a meeting chaired by Delhi Chief Minister Arvind Kejriwal, it was announced that schools in the capital city have been directed to suspend physical classes, except for classes 10 and 12, until November 10 while the odd-even car rationing system will be enforced from November 13 to 20. The SC also came down hard on the tackling of stubble burning across north Indian states. «We want it (stubble burning) stopped.

In 2015, Ashwajeet quit his first job within three months to couchsurf with Arman, who was working in Mumbai at the time. The deal was that if the duo came up with a business idea, Arman would quit his job.

Transferring immovable property through Wills represents a strategic approach to estate planning and asset management. Will is one of the most popular instrument for transferring of properties in India. It is a legal binding document wherein an individual i.e a testator declares his/her intention with respect to ownership and transferability of assets and wealth upon his/her demise. Unlike any other document, a Will comes into effect only upon the death of the testator.

Devyani International on Tuesday recorded profit for the second quarter of FY24 at Rs 33.35 crore, down 43.2 per cent in comparison to Rs 58.76 crore during the same period last year. It posted revenue from operations at Rs 819.47 crore, up 9.6 per cent as against Rs 747.43 crore during the quarter ended September 2022, led by new store additions. The company EBITDA stood at Rs154 crore, down 7 per cent on-year. 

The NBA and Diamond Sports Group, the largest owner of regional sports networks, have reached an agreement that will keep local broadcasts for 15 teams on Bally Sports through the end of this season