Citi Financial News

traffic restrictions will be in place in different parts of Mumbai during Ganesh Chaturthi celebrations starting from September 19, but there will be no curbs on vehicles supplying essential commodities. Idol immersion processions, which take place on different days of the festival starting from the second day, attract massive crowds of devotees as people from all over the city and also outside come to witness the grand event, leading to a surge in pedestrian and vehicular traffic, which may be aggravated by plying of heavy vehicles and private buses, a traffic department official said. Therefore, some traffic arrangements have been made for heavy vehicles and private buses from September 19 to 29, he said. There shall be complete restriction on movement of all types of heavy vehicles and private buses in south Mumbai on September 21, 24, 26 and 29, said the official. On other days between September 19 and 29, heavy vehicles are allowed to ply in south Mumbai between 00:00 hours and 07:00 hours, he said.

The District School Inspector of Gautam Buddha Nagar, Uttar Pradesh Monday said schools from nursery to Class 12 will be shut after 2 pm on September 21, and 22 on account of UP International Trade Show 2023 and the Moto GP events which will take place in the city. All colleges, universities and higher educational institutes across Noida and Greater Noida will remain closed on Thursday and Friday, the directives issued by Dharmveer Singh, district inspector of schools, Gautam Budh Nagar further said. An official communication to this effect was issued by the District Inspector of Schools (DIOS) Dharmveer Singh.

Nottingham Forest meet Burnley in their next Premier League encounter, they will try their best to win the match so that they can make it three wins in the last four matches. Earlier, they shocked everyone by beating Chelsea as Anthony Elanga scored the winner, besides USMNT goalkeeper Matt Turner guarding the goalpost on the other end. Though Nottingham Forest have lost Brennan Johnson on transfer deadline day, they acquired many players once again this summer. Nottingham have started the new season with two wins from four games and they need to win a few more matches to avoid getting relegated.

UEFA Champions League group stage after a gap of 22 years. They will take on AC Milan at San Siro on Tuesday. They have made tremendous improvements after the Saudi takeover. A win against AC Milan will be a statement of how they have improved their lot. But it will not be an easy task for the team that landed in a difficult group alongside AC Milan, Paris Saint-Germain and Borussia Dortmund.

₹3.5 trillion (US$ 48 billion) in 2022, as projected by ICRA, the infrastructure and real estate sectors are poised for significant growth. This upward trajectory can be attributed to escalating demand, positive market sentiment and supportive government policies. Amidst this thriving landscape,Sattva Group, founded in 1993, has solidified its presence in 8 cities across India and is now hailed as one of the most sought-after builders in the country.

₹1,770 crore. The MMLP will be spread across 400 acre at Muddelinganahalli in Bengaluru rural. The project is poised to become the first and largest MMLP ever implemented in the country under the PM GatiShakti National Master Plan.

The world’s first fractional bond exchange using the latest in distributed ledger technology now has Citi Securities Services as its first digital custodian participant.

San Francisco’s beleaguered office market, the hardest hit of any in the U.S. since 2020, is beginning to display flickers of life. Technology companies’ rapid adaptation of remote work, along with an increase in crime and other quality-of-life concerns, hollowed out San Francisco’s business district.

MUNICH—Oktoberfest is usually all about the beer. This year, it is about chicken. A decision by the Paulaner festival tent to serve all-organic hens at its marquee venue is stoking a debate between advocates of a sustainable Oktoberfest against traditionalists wary of a “Woke Wiesn"—a play on the short form of the name of the Bavarian celebration.

China’s giant housing industry is lurching into a new crisis that threatens to be the country’s worst yet. Two years ago, the debt-laden developer China Evergrande Group spiraled into insolvency, bursting the country’s real-estate bubble and setting off a chain of developer defaults and business losses. The industry’s troubles have dragged down China’s economy.

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United States Military has sought public help to track or find the missing F-35 jet after a "mishap" caused its pilot to eject on Sunday afternoon. The fighter jet of the US Marine Corps went missing mid-air after an emergency caused its pilot to eject. A stealth-capable US fighter jet vanished, not from prying eyes but rather from the American military, prompting an unusual call to the public to help locate the missing multimillion-dollar plane.

Chandraprakash Padiyar, Senior Fund Manager, Tata MF, says “all parts of home improvement look quite attractive to us. Whereas it is more about company specific within the sector that you choose from for your portfolio. But if you look at the general growth trends for the overall sector, I would say that the next three-five years look quite interesting for the overall home improvement sector. Within our portfolio, we are more towards the plywood space and sanitaryware ceramics.”What are your thoughts on this valuation argument for the broader market versus the larger cap universe? The argument now coming out is that the larger cap universe is much more fairly valued and mid and smallcaps have run way ahead of fundamentals and hence the tilt should be towards the largecaps. Do you subscribe to this argument?On largecap versus mid and smallcaps, I also at this point in time, maybe for the next 12 months or so, belong to the same camp which says that there is reasonable valuation on the largecap side and a part of midcaps and small caps may have run beyond fundamentals for a short period of time.

Indeed. Production/manufacturing, sales and marketing roles were the other preferred options, said employment specialist firm Indeed in its recently released hiring tracker, which has insights on hiring trends. The data showed that 61% of the surveyed employers engaged in hiring between April and June quarter, which resulted in an 8% increase in white-collar hiring. The survey included data from 1,109 employers and 2,517 jobseekers or employees. The data covered many cities, sectors and big and small organisations. Irrespective of the sector, there was an increase in demand for skills such as critical thinking, problem solving and communication, along with technical skills, in the changing workplace. Given the spate of layoffs recently, Indeed’s data showed that 62% of those surveyed either were laid off or witnessed it among their peers, leading to more job competition and financial insecurity.

Apprenticeship. The stipend is expected to range from Rs 12,500 to Rs 13,300 per month. One of the significant factor contributing to this growth is the extension of the Production-Linked Incentive (PLI) scheme for the automotive sector. Originally scheduled to run from 2022-23 to 2027-28, this scheme's extension promises to usher in a new era of growth and increased employment opportunities within the sector. The data has been gathered after a careful assessment of industry relations and an in-depth understanding of the apprenticeship market's demand dynamics. The anticipated boom in apprentice recruitment can be largely attributed to the sector's robust performance, which is influenced by macroeconomic factors and positive industry sentiments across all its segments. To meet the demands of the industry, upskilling and re-skilling initiatives have become a very important factor. Due to the dynamic nature of the industry, pursuing degree-linked apprenticeships in the automotive sector are emerging as a solution, offering access to sought-after roles such as Automotive Service Technicians, Assembly Line Operators, and Shopfloor Engineers. This is being done to align with technological transformations such as EVs and connected-car technologies. This trend is evident in various regions, including the states of Gujarat, Uttarakhand, Madhya Pradesh, and metropolitan cities like Pune, Chennai, and Bengaluru.

festive season is expected to generate a demand of Rs 90,000 crore in the online retail sector, implying a growth of 18-20% compared to the last year, according to a report. In addition, the festive season is likely to see a 15% surge in job opportunities, said the report by FlexiLoans.com. The report states that this surge in online shopping has triggered a 40-50% spike in borrowing among consumers, driven by Buy Now, Pay Later (BNPL) offers.

Faridabad, a vibrant city located in the northern Indian state of Haryana, has undergone a remarkable transformation in recent years. While it was traditionally known for its strong industrial and manufacturing sectors, it has now evolved into a thriving hub for luxury housing.

Investing in land and monetizing it for rental income can give a 10x higher yield compared to ready apartments, according to a report by Colliers’ Advisory Services. The report titled Top Investment Corridors in India says that wealth creation and the opportunity to diversify are reasons that are garnering interest from investors as by investing in land, there is a huge range of potential for monetization.

Ganesh Chaturthi, the vibrant festival that marks the birth of Lord Ganesha, is just around the corner and with it communities across India are eagerly decking the halls, quite literally, with creative and eco-friendly decorations to celebrate the special occasion on September 19.

Indian students who have been protesting against inflation and are experiencing a housing crisis. The protests started in the second week of September on the campus of Canadore College in North Bay, Ontario. However, three days later, the college administration and students reached an agreement, with the latter promising to take their requests for inexpensive housing into account, according to Indian Express reports.

Ganeshotsav is in full swing in Mumbai, and this year's festivities promise to be more exciting than ever. With increased budgets, better provisions for devotees, enhanced security measures, digital-friendly darshans, and more, the city is abuzz with anticipation.