Citi Financial News

Eastern Asia has seen its cryptocurrency market dynamics shift significantly, with a notable decline in crypto activity over recent years, primarily attributed to China's restrictive stance. However, a wind of change may be blowing from Hong Kong, as the region experiences a surge in crypto-related initiatives and regulatory friendliness, igniting speculations regarding China's evolving digital asset outlook, according to Chainalysis.

MUMBAI : The Reserve Bank of India (RBI) has not been maintaining daily and monthly transaction records for its e-rupee digital currency pilots, the central bank said in response to Mint’s Right to Information (RTI) application. However, a senior regulatory official had recently pegged daily retail usage volumes at 15,000. Mint had sought daily and monthly data on the number of retail and wholesale transactions for the central bank digital currency (CBDC).

Revolt Motors is looking to scale up sales infrastructure, roll out new products as part of its growth plans over the next few years, a top company official said. The company, which was acquired by RattanIndia Enterprises earlier this year, also plans to enter international markets. In an interaction with PTI, RattanIndia Enterprises Business Chairperson Anjali Rattan said the company is expanding to ensure that the electric revolution reaches every corner of the country.

Chinese companies, had finally become operational. However, beneath the surface of this grand opening lay a complex and unsettling reality - one that highlighted China's controversial infrastructure influence and its geopolitical rivalry with India, The New York Times reported.

real estate services and investment major ESR Group is planning to develop a large logistics park spread over 1.4 million sq ft in Nagpur and has acquired 58 acres of land for the same. The Hong Kong Stock Exchange-listed company will be investing over Rs 400 crores for the construction and development of the warehousing hub, ESR Nagpur Logistics Park 2, which will be its second logistics park in Nagpur and its twentieth park in India. The park is being designed to accommodate 10 buildings, with each building size ranging from 67,000 sq ft to 190,000 sq ft to meet a broad spectrum of tenant needs ranging from e-commerce to third-party logistics (3PL), retail and fast-moving consumer goods (FMCG). “ESR’s investment in this new grade A asset builds upon the robust response to our first logistics park in Nagpur. Our flagship 22.5-acre development, ESR Nagpur Logistics Park 1, has been operating at full occupancy since completion in 2020 having attracted high-profile tenants from retail and e-commerce domains… Our work is focussed on driving long-term sustainable growth of the economy and uplifting local communities,” said Abhijit Malkani, CEO, ESR India. According to him, the company is looking to harness Nagpur’s strategic advantages and support the burgeoning demand for new economy spaces with this second logistics park in the city.

₹208. Investors can bid for a minimum of 600 shares and in multiples thereof. The face value of the equity shares is ₹10 each and the issue price is ₹20.8 times of the face value.

A Citi employee who bought a sandwich and coffee for his partner while on a business trip has lost his case for unfair dismissal after his expenses claim was challenged.

BEIJING (Reuters) -China has told state-owned banks to roll over existing local government debt with longer-term loans at lower interest rates, two sources with knowledge of the matter said, as part of Beijing's efforts to reduce debt risks in a faltering economy.

Raghav Chadha from his official residence in the national capital Delhi. The Aam Aadmi Party (AAP) leader and Rajya Sabha MP had moved the Delhi High Court against Patiala House Court's recent order which has enabled Rajya Sabha Secretariat to evict Raghav Chadha from his current accommodation. The Court revived it’s 18 October order of granting the MP an interim stay from arrest till the city court decides MPs application seeking injunction from eviction.

We offer flexible and well-equipped office spaces for businesses of all sizes. We concentrate on promoting a productive and collaborative work environment through the provision of easily accessible workstations, conference rooms, and common areas. Our goal is to foster a network of various enterprises and professionals under one roof, encouraging knowledge exchange, networking, and potential partnerships, says Sanjay Choudhary, Founder and CEO, Incuspaze, a chain of managed & co-working office spaces having presence in major Tier-1 and Tier-2 cities across India.

Despite escalating inflation, the forthcoming festive season is poised to witness substantial shopping activity. People are prepared to open their wallets wider this year compared to the previous one, with a notable trend towards shopping in local markets, malls, and offline stores.

India’s appeal as alternative to China rises: Citi’s Khullar The enthusiasm of Indian business leaders, coupled with the 'China plus one' strategy, makes India an attractive market for global investors, he said. Citi sees it as one of the best opportunities for both Indian and international clients, it reported.

The sale of Manchester United has been a drawn out affair

Sports betting and internet gambling were at near-record levels in New Jersey in September, and nearly half of the Atlantic City casinos won more money from in-person gamblers than they did before the COVID19 pandemic

Former President Donald Trump is returning to the Manhattan civil fraud trial that threatens to upend his real estate empire, but he won’t be seeing his former lawyer-turned-foe Michael Cohen on the witness stand — at least not yet

Donald Trump will be back in court Tuesday for his New York civil fraud trial, but a face-to-face showdown with former lawyer and fixer Michael Cohen will have to wait

South Korean prosecutors have requested the death penalty for four suspects in a crypto murder-kidnap case that saw a woman abducted and murdered for her crypto holdings.

UBS managing director and senior portfolio manager Jason Katz discusses whether the U.S. stock market is ignoring the threat of a wider Middle East war on 'Varney & Co.'

UK City Minister Andrew Griffith has called for more clarity and flexibility in the country's recently enacted crypto advertising rules, according to a Financial Times report.

Teh national capital recorded a slight improvement in its air quality on Monday Morning. It stood at 195 at 9 am. However, it deteriorated to poor category as the 24-hour AQI at 4 pm was recorded at 207, said the Central Pollution Control Board data.

Investing.com — Here is your Pro Recap of the biggest analyst picks you may have missed today: several Buy initiations at Instacart, and upgrades at Pfizer , Wayfair, Nice, and Nucor.