Citi Financial News

Kajaria Ceramics Ltd has had a dull run in the first half of FY24 with year-on-year volume growth at a subdued 7% amid weakness in demand. After the September quarter (Q2FY24) results, the management has toned down expectations, slashing volume guidance for the year to 9-10% from 13-15% earlier. Having said that, the second half of FY24 (H2FY24) would be comparatively better.

Montreal will ban gas-powered systems in new construction starting next fall, with some notable exceptions.

Kansas City Chiefs' tight end, Travis Kelce, candidly shared his financial journey in a recent episode of his podcast «New Heights.» Despite earning a significant contract in his rookie year, Travis admitted to being financially strained by the end of his first season in the NFL. He confessed, «I was damn near dead broke.» Despite a $3.12 million contract and a $703,304 signing bonus, he had little to show for it aside from a prized pair of limited edition sneakers. Travis's initial spending habits were marked by splurges on collectible shoes and extravagant nights out.

Kiran aircraft of the Indian Air Force jettisoned during routine training on Wednesday near Bakshi Ka Talab airfield on the city outskirts and fell in a barren field, the IAF said in a statement. The aircraft landed safely and there was no injury or loss of life or property on the ground after the fuel tanks fell, according to the statement.

petrol bomb' in local parlance, was lobbed by a man in front of the Raj Bhavan's main gate here on Wednesday, an incident which drew the opposition's ire over the handling of law and order by the ruling DMK in Tamil Nadu. Opposition AIADMK and BJP slammed the government over the incident that happened outside the official residence of the State Governor. There was no damage, injuries to anyone and there was no security lapse, a senior police official said, adding the man who threw the petrol bomb was immediately overpowered.

National Hurricane Center, the hurricane Otis, made landfall near Acapulco on Wednesday morning as a Category 5 hurricane, «explosively intensified» by nearly 115 mph in just 24 hours, creating a «nightmare scenario» for southern Mexico. According to the NOAA Hurricane Database, there had never been a Category 5 landfall in the East Pacific prior to Otis.

Manchester City will play Young Boys in UEFA Champions League Group G match on Wednesday. The soccer match will be played at Stadion Wankdorf in Bern, Switzerland. Pep Guardiola's City are sitting at the top with six points from two matches. Young Boys are at third position with one point from two matches.

Catherine Seeber says it’s a great time to be a financial advisor.

Gump's San Francisco store owner John Chachas discusses his open letter to state officials about the downtown crime crisis on 'Cavuto: Coast to Coast.'

Jubilant FoodWorks, which owns Domino's pizza franchises in India and a few other countries, on Wednesday reported a 39.5% year-on-year (YoY) decline in standalone profit at Rs 72.1 crore for the quarter ended September. It was Rs 119.2 crore in the year-ago period. The profit was below the ET Now Poll estimate of Rs 84 crore. Its profit after tax (PAT) margin declined by 38 bps sequentially to 5.4% while its EBITDA margin came in at 20.9%, lower by 23 bps sequentially. During the quarter, the pizza seller reported a 4.5% YoY rise in its revenue from operations to Rs 1,344.8 crore as compared to Rs 1,286.8 crore in the year-ago period.

An El Salvador town has grown tired of waiting for President Nayib Bukele to build Bitcoin City – and will instead build its own “Bitcoin City” project “a few kilometers away.”

Amazon has more than 181 million users in the European Union and directly employs more than 150,000 people in the region, the company said on Wednesday, in its first store transparency report as required by the EU Digital Services Act (DSA). In August, the Digital Services Act (DSA) imposed new rules on content moderation, user privacy and transparency for platforms and search engines labelled as very large online platforms (VLOP), which were defined as having more than 45 million users in the EU.

Hong Kong’s leader has cut taxes for some homebuyers and stock traders to boost markets as the city seeks to maintain its reputation as a global financial hub

festive season has sparked a surge in the property market of Mumbai, the country’s financial capital led by positive sentiment among homebuyers. During the nine days of Navratri spanning from October 15 to 23 witnessed a 37.4% year-on-year growth in registrations at 4,594 property transactions in the city. The state exchequer collected a total revenue of Rs 435 crores from property registrations during this nine-day period.

Gopal Rai on Wednesday said the city government will re-launch the «Red Light on Gaadi Off» campaign from October 26 to curb vehicular pollution in the national capital. Last year, Lieutenant Governor V K Saxena had put the campaign on hold, questioning its effectiveness.

Hong Kong's leader on Wednesday cut taxes for some homebuyers and stock traders to boost markets as the city seeks to maintain its reputation as a global financial hub. Chief Executive John Lee said the extra stamp duties imposed on non-resident buyers and current local homeowners looking to buy additional properties would be halved, making the first easing over the past decade since property cooling measures were introduced. In his annual policy address, Lee also unveiled plans to reduce stamp duty on stock transactions to 0.1% from 0.13%, saying a vibrant stock market is vital to upholding the city's status as a financial hub. After the easing of COVID-19 restrictions, Hong Kong's economy has begun to recover, fuelled by growth in tourism and private consumption. The city's economy expanded 2.2% in the first half of 2023 year-on-year and is expected to grow between 4% and 5% for the full year. However, the path to full recovery remains uneven, particularly with geopolitics tensions rising and mainland China, its largest trading partner, struggling to rebound quickly.

Jaishankar on Wednesday embarked on a two-day visit to Kyrgystan to attend the 22nd meeting of the Shanghai Cooperation Organisation (SCO) Council of Heads of Government (CHG), to be held under the chairmanship of Kyrgyzstan, the Ministry of External Affairs said. The October 25-October 26 meeting in the Kyrgyz capital city of Bishkek will be attended by the heads of governments of China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan, the Vice-President of Iran, and the foreign ministers of India and Pakistan. «In Bishkek, the external affairs minister will also meet with his counterparts from other SCO member states and call on the country's top leadership,» the MEA statement read. SCO observer States including Belarus and Mongolia as well as guest state Turkmenistan will also attend the meeting. The CHG is the second-highest forum in SCO.

Wonderla Holidays shares surged by 10% in today's trading session, reaching a historic high of ₹887 per share. This significant increase came after the company received all the necessary approvals, clearances, and no-objection certificates (NOCs) from the Government of Tamil Nadu for its Chennai project. With these key permissions now in hand, Wonderla is set to commence construction on this project.

As many as 4,594 property units were registered during the nine days of Navratri, spanning from October 15th to October 23rd, 2023, in Mumbai city (areas under BMC jurisdiction), according to a report by Knight Frank India. Property registration in the city witnessed 37.4% year-on-year (YoY) growth, marking an increase from 3,343 units registered during the Navratri period last year. 

The Indian hotel industry is expected to report double-digit revenue growth in FY24, supported by the sustenance of domestic leisure travel, demand from meetings, incentives, conferences, and exhibitions (MICE), and business travel, along with an increase in foreign tourist arrivals (FTAs), said a report by ICRA. The industry has also benefited from the G20 summit and the ongoing ICC World Cup 2023, it added. 

MEXICO CITY (Reuters) — Mexico's Senate on Wednesday voted to terminate 13 trusts held for the judiciary, ratcheting up tension between the government and judicial authorities, which President Andres Manuel Lopez Obrador argues are corrupt and hostile to the public interest.