Citi Financial News

Krishna Byre Gowda announced on Friday. They will function on September 23, Saturday also, though it is a government holiday. The minister's announcement followed a sharp jump in property registrations as the government has increased the guidance value of immovable properties as much as 30%, effective October 1. Property buyers are rushing to sub registrar's offices to complete the registration process before October 1 to save on the additional stamp duty as well as the registration costs. The Revenue Minister on Tuesday announced that the guidance value of properties in Bengaluru will go up from October 1 by 25%-30% on average. Plots near the national highways and in technology corridors such as electronic city, the jump in guidance value will be as high as 50%.

Potential homebuyers are optimistic about the economy and their future earnings, which augurs well for driving demand in the property market. Real estate, in fact, continues to be the preferred asset class with 48 per cent of the respondents opining that they would want to invest in property as it is a stable hedge against inflation and is a time-tested wealth-building tool, according to a survey conducted by Housing.com in collaboration with NAREDCO.

If there is any city in the country which has seen both continuous and rapid transformation, it is undoubtedly Gurugram (being Gurgaon for most of the time)! What was once a cluster of villages today is now a global commercial & residential hub that has seen an exponential rise in its real estate index, thanks to the cosmopolitan working & living communities that have dotted the region.

Sam Ramadori laughed as he spoke of his youth and the chaos involved when working alongside his siblings, cousins, uncles, aunts and parents at Pasta Casareccia, the Italian family restaurant his immigrant family opened in Montreal some 40-odd years ago.

Flipkart on Friday launched a new grocery fulfilment centre, or warehouse, at Sonipat in Haryana that will help the online marketplace expand its grocery services to over 150 pin codes across tier-II and tier-III towns such as Meerut, Panipat, Rohtak and Wazirpur. The fulfilment centre has the capacity to accommodate an inventory of over 40 lakh units, with 2.9 lakh units being dispatched each day, the company said.

Russia's Black Sea navy in the Crimean port of Sevastopol on Friday, causing a fire, local governor Mikhail Razvozhayev wrote on the Telegram messaging app. Separately, Russia's defence ministry said one serviceman was killed in the attack, while air defences had downed a total of five missiles. Razvozhayev said that although no further strikes were expected, locals were being urged to avoid the city centre where the navy building is located. Firefighters were at the site, he said, and some roads were closed. Razvozhayev said there were no civilian casualties or damage to civilian infrastructure. Crimea, which Russia seized and annexed from Ukraine in 2014, has been a frequent target of Ukrainian attacks in the course of the 19-month-old war. Russian-installed authorities said air defence downed another missile on Friday near the town of Bakhchysarai.

Lux Industries shares declined over 3 per cent on Friday, September 22, after reports said that the Income Tax (I-T) department conducted searches at company's headquarters in Kolkata. The I-T Department has reportedly alleged a tax evasion of ₹200 crore by the company. Raids were conducted in multiple cities at premises linked to Lux Industries.

An advisor team has jumped ship from Citi Private Bank to J.P. Morgan Private Bank having overseen more than $2 billion in client assets.

City has managed to secure a perfect record from their first five games in the top-flight, making them the clear favorites to continue their winning streak in this encounter, especially considering Nottingham Forest's rather unimpressive away record since gaining promotion last season. Nottingham Forest is determined to avoid a repeat of their previous visit to the Etihad Stadium. Approximately 13 months ago, an impeccable hat trick by Erling Haaland powered City to a resounding 6-0 victory over Forest at the Etihad Stadium. However, Steve Cooper, Forest's manager, would likely prefer to concentrate on his team's improved performance and, if reflecting on their history, a 1-1 draw with City from the later part of last season at the City Ground.

credit card frauds, particularly targeting women in areas like New Alipore, Netaji Nagar, and Ballygunge in south Kolkata. Fraudsters are using the pretext of Durga Puja «packages and offers» by banks to deceive victims. In one recent incident, a woman from New Alipore received a call from fraudsters promising to increase her private bank credit card limit.

₹5,000 on the use of eligible HDFC cards. Apple's iPhone 15 comes with a display size of 6.1 inches while the company has significantly boosted the brightness to an impressive 2000 nits, doubling the previous generation's capability.

Nuvama Institutional Equities, reiterated its 'buy' rating on Mahindra & Mahindra (M&M) and stated that Escorts continues to be its top picks. After recently speaking with a zonal head of a tractor company, TAFE, Nuvama wrote in its report stated that the tractor market would remain flat during the festive period, that the volume of tractors would likely remain flat or even decline in FY24E due to a high base and a deficit monsoon, that M&M would gain market share due to the improved acceptance of the Swaraj brand, and that Escorts would gain from Kubota's assistance in the development of new products and improved quality.

Cauvery water dispute between Karnataka, including Bengaluru, the city police has tightened security, especially in Tamil dominated areas. These precautions were taken after protests erupted following the Supreme Court decision yesterday to not interfere with the order of Cauvery Water Regulation Committee according to which Karnataka must release 5,000 cusecs of water per day to Tamil Nadu. Bengaluru Police Commissioner B Dayananda held meetings with his subordinates and instructed all the deputy commissioners of police in the city to be on high alert and step up security in their respective jurisdictions especially in Tamil dominated areas to avoid any untoward incident. The police commissioner told PTI that all necessary security measures have been taken. Soon after the Supreme Court verdict on the Cauvery issue, several organisations took to the streets in Bengaluru and other parts of Karnataka to register their protest. On Friday too, protests were staged by various outfits in some areas of the city such as K R Puram. Anticipating protests in the coming days as well, the police chief has directed all deputy commissioners of police to take necessary steps to maintain law and order.

The Proxperts has announced its expansion plans aimed at empowering MSMEs (Micro, Small, and Medium Enterprises) across the country. The business consulting company headquartered in Surat, Gujarat plans to support manufacturing companies in India and contribute towards 'Make in India' initiatives, The Proxperts says that it is planning to inspire 100,000 business owners thereby transforming 1000 business enterprises to create an impact of good profit for them by 2030. The Proxperts' expansion encompasses two pivotal facets:Online Consultation Model: The Proxperts plans to harness the power of technology to provide consulting services online.Franchise Model: The Proxperts is introducing a franchise model to expand their footprint into diverse regions, starting with Rajkot and Jamnagar in Gujarat, and Mumbai with other Tier-2 cities in Maharashtra.

Common Admission Test (CAT) 2023. This marks a remarkable 30 per cent increase compared to last year when registrations stood at 2.5 lakh. CAT, the gateway to prestigious Indian Institutes of Management (IIMs) and other esteemed business schools, is scheduled to take place on November 26.CAT 2023 convener, Prof.

Real estate consulting firm JLL recently said most brands reported an increase in sales in tier 2 and 3 towns in the previous fiscal. In fact, it added that while tier 1 towns attract the most interest from real-estate investors, tier 2 and 3 towns are not too far behind.

Vijay Hazare is very famous. His contributions to the sport and his remarkable innings are etched in memory. And now, a piece of his legacy is under threat as the iconic "Pushpakoot," once the residence of the late cricket legend in Vadodara, faces the prospect of demolition, a TOI report stated. Back in 1947-48, during India's first-ever tour of Australia, Hazare showcased his batting prowess by scoring an impressive 145 in the second innings, while six of his teammates failed to make any mark.

Oyo has added nearly 2,800 corporate clients during the January-July 2023 period, up 11.75% year-on-year (YoY), according to a report from the company titled 'Oyo Business Travel Trends Report 2023'. The report suggests the company recorded a 20% revenue growth from business travel in January-July 2023 against the year-ago period.

Signature Global The initial public offer (IPO) of Signature Global, which was fully subscribed on the second day, picked up pace on the last day of the bidding process. Overall, the issue was subscribed 3.19x so far on Day 3, led by strong NII (6.2x) and retail (4.35x) interest. The category reserved for qualified institutional buyers was booked 1.38 times. The IPO comprises a fresh equity issue of Rs 603 crore and an offer for sale (OFS) segment of Rs 127 crore by selling shareholder International Finance Corp.

OYO, have come together to establish a joint venture (JV) to launch a premium hotel chain in India. In this venture, both partners share 49.9% stake, reported yourstory. The joint venture named as Mountainia, plans to introduce 5-star and 4-star hotels under the brand name 'Sunday' in rapidly growing Tier II Indian cities.

BEIJING — People flocked to a flagship Apple store in downtown Beijing on Friday morning to pick up the latest iPhone, despite market worries that nationalistic fervor would dampen the U.S. company's sales in China.