Citi Financial News

Standard Chartered’s Q3 results – which came out yesterday — revealed the numbers behind something many have seen going on for a while: two cities are subsiding the entire rest of the bank.

MUMBAI : The Adani Group has invested close to $1 billion in Navi Mumbai International Airport Ltd, in a bid to start operations by December next year, two people with direct knowledge of the development said. Of the ₹8,625 crore (approximately $991 million) invested in the Navi Mumbai airport so far, Adani has made an equity infusion of ₹1,710 crore. It has also raised ₹2,900 crore in term loans from a consortium of banks, while an additional ₹3,655 crore equity came from the City and Industrial Development Corporation of Maharashtra Ltd (Cidco), a city planning agency in Maharashtra, these people said.

Hangzhou Asian Para Games that concluded last week. This is the best-ever performance by Indian para athletes since the Games' inception in 2010.

DLF, TARC, Raheja, and Unity Group, who are releasing inventory after a long time, are suddenly recording a rush of residents from Central and West Delhi as they seek exclusivity and security in gated communities. According to experts, this is the first time that so many branded products will come to the market, where supply has always been an issue. «There is an inherent demand in Central and West Delhi, with people living there now wanting to move to gated condominiums with all the facilities. They have been forced to go to satellite towns due to a lack of supply,» said Amar Sarin, managing director and CEO of TARC Ltd. TARC has planned a luxury residential project in Kirti Nagar and is expected to launch about 400 apartments within this quarter. DLF will also soon announce the last tower of the 2.1 million sq.

By Louis Juricic and Sarina Isaacs

Gaza while their fighter jets have struck hundreds more Hamas targets, the Israeli military said on Sunday, in what Prime Minister Benjamin Netanyahu has called the second phase of a three-weekold war. Palestinian media said telephone and internet communications were partially restored in Gaza on Sunday after a more than day-long blackout that had badly impacted rescue operations as Israel pounded targets of the militant Hamas group that controls the territory. “Israel cut us off from the world in order to wipe us out, but we are hearing the sounds of explosions and we are proud the resistance fighters have stopped them at meters distance,” said Shaban Ahmed, a public servant who stayed in Gaza City despite an Israeli warning to evacuate south. Ahmed said he only found out on Sunday that his cousin had been killed in an air strike on Friday because of the blackout. Israeli Defence Force (IDF) fighter jets struck over 450 military targets belonging to Hamas in the Gaza Strip, including operational command centres, observation posts, and anti-tank missile launch posts, the military said. “We are gradually expanding the ground activity and the scope of our forces in the Gaza Strip,” military spokesman Rear Admiral Daniel Hagari told a briefing.

By Emily Rose and Nidal al-Mughrabi

AP quoted a UN agency as saying on Sunday. The United Nations noted the growing desperation and the breakdown of public order, following the war between Israel and Gaza's militant Hamas rulers. Over the weekend, tanks and infantry were pushed into Gaza by Israeli Prime Minister Benjamin Netanyahu as he announced a “second stage" in the war.

video game adaptations continue to captivate audiences.

Mumbai to make space for Olympic-size swimming pool and sports complex, reported TOI. Brihanmumbai Municipal Corporation (BMC), India's richest municipality has given time till Monday to raise objections on the said project.

At 9:30 am on Sunday morning, a series of explosions reverberated through the usually serene environs of Kalamassery town in Ernakulam district of Kerala, around 200 km from the state capital Thiruvananthapuram, sending shockwaves through the state and the nation. At least one person (as yet unnamed) was killed and dozens were hurt. Shaik Darvesh Saheb, head of the state police, confirmed to journalists that an IED (improvised explosive device) was used in the multiple explosions.

Russia’s Defense Ministry said Sunday. “The air defense systems in place destroyed 36 Ukrainian unmanned aerial vehicles over the Black Sea and the northwestern part of the Crimean peninsula,” the ministry wrote on Telegram. Local authorities in the southern Krasnodar region bordering the Black Sea said that a fire broke out at an oil refinery in the early hours of Sunday, but did not specify the cause. “The reasons for the incident are being established,” a statement from local authorities said, amid claims in local media outlets that the fire had been caused by a drone strike or debris from a downed drone. Drone strikes and shelling on the Russian border regions and Moscow-annexed Crimea are a regular occurrence.

Trident Realty is planning to invest Rs 700 crore for the construction of 412 units of low-rise premium independent floors at Trident Hills project in Panchkula. This low-rise development is part of the integrated township – Trident Hills and offers exclusive living spaces that prioritize privacy, safety, and security. Trident Realty is developing Trident Hills, a 200-acre integrated township. «We have seen significant response from buyers last year during our project launch, further strengthening our vision of creating integrated township in Panchkula.

Mint. The complaint has also been marked to several senior officials of the civil aviation ministry and DGCA including the civil aviation minister as well as the aviation secretary.

Track our LIVE AQI coverage here “In Delhi and in the whole of North India, there is an increase in the level of PM2.5, and that of PM10 is decreasing in pollution. All the buses in Delhi are CNG. But the buses coming from Uttar Pradesh, Haryana, and other adjoining areas are diesel, due to which pollution is increasing," he told the agency.

Whitehaven Coal’s purchase of two coking coal mines from BHP and its partner, Japan’s Mitsubishi, for $US3.2 billion ($5 billion) will push earnings per share up 93 per cent by 2025, according to brokers at Citi.

The starting gun has fired on ARN Media’s $225 million takeover bid for rival radio and television broadcaster Southern Cross Austereo – but Street Talk understands the target is taking advice from a new source.

Global Capability Centers (GCC), is driving the performance of commercial real estate across India’s key property markets. The resilience exhibited by the Indian economy despite the global headwinds and availability of talent continues to help the office property markets in key cities sustain the growth trend. Demand for office space in India’s largest occupier markets remained strong with over 16.1 million sq ft office space leases during the period. Robust occupiers' demand for setting up Global Capability Centres (GCC) constituted most of the leasing. Prime office rentals in the country’s key property markets Delhi-NCR, Mumbai, and Bengaluru remained strong in year-on-year terms.

₹1.5 crore) were sold between January and September in seven metropolitan cities in the country in 2023, against 39,300 (Approx) units sold in the same period in 2022. Also read: Mumbai’s real estate registrations surge during festive season According to the data, out of the approximately 3.49 lakh units sold in eight cities (Delhi-NCR, Mumbai region, Bengaluru, Pune, Hyderabad, Chennai, and Kolkata) in the first nine months of 2023, about 24% or roughly 84,400 units were luxury homes priced above ₹1.5 crore. Among the eight Indian cities, luxury housing sales rose by 260% in Hyderabad between January-September in FY 2024.

Gurugram has emerged as the unrivalled leader in India’s booming real estate sector in 2023. The city’s dynamic growth is reshaping the landscape, driven by a confluence of factors that are revolutionizing the industry.

As the holiday season approaches, it’s not just snowflakes and carolers that will be making an appearance. The real estate market, like the rest of the economy, experiences its own set of festive season trends and dynamics. For prospective buyers and sellers, understanding these trends can make all the difference in navigating the real estate market effectively.