Citi Financial News

mobility-aggregator business is seeing an accelerated turnaround. But the revival is being driven by new entrants who are challenging the dominance of ride-hailing giants Ola and Uber.GROWTH SURGE These include Rapido in the auto category; Blu Smart, with its electric car fleet in Delhi-NCR and Bengaluru; Drife, with a blockchain-based business model headquartered in Bengaluru; Shoffr, a premium taxi service, and several new firms operating specifically in the lucrative airport and inter-city service segments, as well as online travel agents like Makemytrip and even airlines, who are offering airport transport as part of their value-added services.

Narendra Modi on Saturday gave credit to the women of the country for the passage of the women's reservation bill in Parliament and said the power of their leadership has been proved in every period in history. Modi said this while addressing an all-women public meeting in his parliamentary constituency Varanasi, where the women showered flower petals on him for the Parliament's nod to the «Nari Shakti Vandan Adhiniyam». Talking about the recent approval to the Constitution (128th Amendment) Bill, referred to as the «Nari Shakti Vandan Adhiniyam», by Parliament, the prime minister said, «Women's leadership may be a modern system for the rest of the world, but we are the people who worship Mother Parvati and Ganga before Mahadev.» Hitting out at opposition parties, especially the Congress, he said, «This law has been named Nari Shakti Vandan Act, although some people have a problem with the word vandan (worship).

The forthcoming policy is built on the «polluter pays» principle, as revealed by an official to TOI. Under this principle, the licensing fee for electric taxis may be set at zero, while CNG taxis may incur a licensing fee of Rs 650. This policy is expected to pave the way for electric bike taxis while simultaneously imposing stricter safety regulations on cab services.

Hangzhou Asian Games began here on Saturday with a one-of-a-kind opening ceremony, headlined by a spectacular futuristic light show.

Ukraine on Saturday morning launched another missile attack on Sevastopol in occupied Crimea, a Russian-installed official said, a day after an attack on the headquarters of Russia's Black Sea Fleet left a serviceman missing and the main building smoldering. Sevastopol was put on air raid alert for about an hour after debris from intercepted missiles fell near a pier, Gov.

Prime Minister Narendra Modi on Saturday (September 23) inaugurated the international cricket stadium in his parliamentary constituency, Varanasi. 

By Rodrigo Fernandes

In the ever-evolving investment landscape, real estate has become the preferred choice for investors while gold, once a haven, is losing its luster. A recent Anarock Consumer Sentiment survey revealed that in the first half of 2023, over 60 per cent respondents expressed an inclination to invest in real estate, which is a 3 per cent increase compared to the previous survey. It indicates that investors are seeking tangible and long-term assets due to growing financial market uncertainty.

As the curtains draw on a lifetime of accomplishments and hard work, senior citizens yearn for a retirement that encompasses both comfort and opulence. In recent years, luxury apartments that are tailored explicitly for retirees have gained immense popularity, providing an elevated living experience that caters to their refined tastes and preferences. These exclusive residences offer a wealth of benefits that enhance the overall retirement experience. From unparalleled comfort to vibrant social connections and comprehensive healthcare, luxury apartments redefine retirement living.

Kolkata: California-based ride-hailing service provider inDrive will start registering electric vehicles (EV) on its platform in the metropolis soon, an official of the company said on Saturday. inDrive has already started this registration in Delhi where 100-odd driver-partners have already associated with it, Mohan Pradhan, business development manager, India and Bangladesh, inDrive said. He said that inDrive started operations in India in 2018 and is available across 12 cities in the country including Kolkata. «We have started taking registrations for EVs in Delhi and 100 driver-partners have been already associated. We will also start taking registrations for EVs in Kolkata and other cities shortly», he said. Pradhan said nearly 10,000 rides in Kolkata are done on a daily basis, adding that the number is approximately 50,000 in other parts of India where it currently operates.

Sundaram Home Finance, the wholly-owned subsidiary of Sundaram Finance Ltd, has set a target of garnering 20 per cent growth in Andhra Pradesh and Telangana, a top official has said. The Chennai-headquartered company has strengthened its presence by opening a new office in Begumpet, Hyderabad, taking the total to six branches. The decision to step up presence comes in the backdrop of the company's plan to focus on Tier-II and III cities as a lot of growth was contributed from remote towns. «We believe there is a lot of potential for our home finance business in Andhra Pradesh and Telangana.

Vande Bharat Express: PM Modi likely to inaugurate 9 semi-high speed trains on 24 September. Check routes, other details A release by the Prime Minister's Office (PMO) noted, “The introduction of these Vande Bharat trains will herald a new standard of rail service in the country.

rescue operation, the Indian army personnel from the engaged in the rescue operation told ANI, “When we got the message in the morning, the water was at shoulder level. The people were stuck...As soon as we got to know, we brought a boat and rescued the people...We have provided drinking water and biscuits to them." As per District Collector Dr Vipin Itankar, because of the 100-125 mm incessant rainfall in the night, Ambajhari lake overflowed which resulted in waterlogging at the low-lying areas. While speaking to ANI, he said, "200-300 people were rescued from there by the NDRF and SDRF teams...There is an alert for rain today as well.

heavy rains also lashed Maharashtra's Nagpur city, the Indian Army is also conducting rescue operations in the waterlogged Ambajhari area. Speaking on the rescue operation, the Indian army personnel from the engaged in the rescue operation told ANI, “When we got the message in the morning, the water was at shoulder level.

₹7.5 lakh crore adding neither the Prime Minister nor any Union Ministers have responded to this so far. In the latest episode of his podcast series, ‘Speaking for India’, Stalin said, “How many people! How many crores! Right from the Ayodhya project to the Ayush Bharat scheme, there have been irregularities to the tune of ₹7.5 lakh crore, claims the CAG report. So far neither the Prime Minister nor the union minister concerned have responded to this.

Delhi University. Commuters are advised to avoid following route for better convenience. 1.

₹2000 must be exchanged or deposited by September 30, 2023. The Reserve Bank of India (RBI) had removed the circulation of ₹2000 notes on 19 May 2023 and had given nearly four months to deposit or exchange these notes. 1.

Maharashtra rains: Maharashtra's Nagpur city witnessed severe waterlogging following incessant rains in the area. Heavy rains lashed Nagpur city from Friday midnight, inundating low-lying areas and triggering measures to shift people from these pockets to safer places. Many areas like Canal Road Ramdaspeth, Ambajhari Lake area witnessed severe waterlogging.

Hindustan Times. Ahamed was chosen as India's wildcard entry for the MotoGP Bharat Grand Prix in the Moto3 category and is on a Honda NSF250R at the ongoing event.

New Delhi: Real estate developer Eldeco Group has acquired multiple land parcels in Greater Noida, Sonepat, and Ludhiana for about Rs 230 crore and plans to launch projects worth Rs 5,000 crore in the next year. The acquisitions are part of a Rs 475-crore platform Eldeco has set up with HDFC Capital Affordable Real Estate Fund 3 (H-CARE 3), a fund managed by HDFC Capital, to develop multiple residential projects. “The real estate sector has performed exceedingly well in the last year, and we have made acquisitions in line with the expansion plan. The focus will now be on the launches of these projects and taking forward the platform with HDFC,” said Pankaj Bajaj, chairman and managing director of Eldeco Housing and Industries Ltd (EHIL) and MD of Eldeco Infrastructure & Properties Ltd (EIPL). The company recently acquired 8.5 acres for Rs 165 crore in Gurgaon Sector 80 through an auction held by Haryana State Industrial & Infrastructure Development Corporation (HSIIDC). It has acquired a 36,000-square-metre plot in Greater Noida West, where it will develop 750,000 sq ft of residential space with an investment of Rs 250 crore. It has also acquired a 14.5-acre and an 18-acre land parcels in Sonepat, where it will go for plotted and villa development. Eldeco is also aggregating land in Ludhiana for a township, and for the first phase, it has already applied for a licence for 15 acres. “We will start paying HDFC starting next month,” Bajaj said.

MotoGP apologizes for showing distorted map of India ahead of inauguration of Bharat 2023 round In view of the popular event being conducted in the city, Noida Traffic Police has imposed some restrictions on traffic movement. Here's what you should know about the latest traffic advisory. Noida Police has now amended its earlier advisory banning the movement of goods carriers on the Noida-Greater Noida Expressway and Yamuna Expressway.