Citi Financial News

29.03 / 15:37
markets COST UPS Citi Food Healthcare Vaccines From kibble to clinics: Why pet startups are chasing healthcare
Vetic, to name just three. These clinics epitomize a big shift that is playing out across urban India: the corporatization of veterinary services.Until a few years ago, India’s petcare market was a highly fragmented affair, dominated by neighbourhood pet stores, standalone vets and a handful of product brands.
29.03 / 02:55
markets UPS Citi economy pandemic social reports India is heading into a demographic debacle
State of Working India (SoW) report says India’s demographic bulge will stop expanding in four years. The share of its working-age population will begin declining in 2030.
28.03 / 01:59
markets Citi IPO Target War reports Updates The week in charts: Inflation target, IPO deadlines, polluted cities, GDP growth cut
Reserve Bank of India had adopted the inflation-targeting regime in 2016. While some have argued for raising the target or shifting focus from headline to core inflation, the dominant view is that the framework has broadly worked.Data shows inflation breached the band in only three of the past 10 years—two instances (2020–21 and 2022–23) driven by the pandemic and the Russia–Ukraine war.
26.03 / 09:29
markets COST UPS Citi Platform security Updates Don’t let rent eat your paycheck: A starter guide
₹28,700 in monthly rent.Early-career professionals across cities told Mint how they navigate this balancing act—and what the cost of simply getting started looks like.For 23-year-old Khyati Sood, relocating from Delhi to Pune for her first job as a data engineer meant making a series of careful decisions. “There were a lot of trade-offs,” she said. “Whether I should stay with strangers, give up an attached bathroom, or skip having a balcony to reduce rent.”Pune, compared to other major metros, offered some relief.
26.03 / 07:11
markets Citi film Experts show audience stars Big wins, small runs: The paradox of niche regional films
Boong, a Manipuri film that became the first Indian movie to win in the Best Children’s and Family Film category at the BAFTA (British Academy Film Awards) recently, was re-released in cinemas earlier this month after its win but it found few takers. It made only around ₹1 crore, mirroring the struggle of films like All We Imagine as Light (filmed in Malayalam, Marathi and Hindi) earlier, that was nominated for the Palme d'Or and won the Grand Prix at the Cannes Film Festival.For context, Boong was made at a cost of ₹8 crore.
25.03 / 12:15
markets Citi Death show Inside information reports The price of a day’s work: Inside India’s smouldering industrial death traps
₹950 a day during the peak season. He even helped his relatives and their friends—five people in all—enter the business, getting them work in the Anandapur facility a decade ago. Shaow eventually moved to take up work with another employer in 2024, but they stayed on.On 26 January, a massive fire on the premises gutted a unit owned by Pushpanjali Decorators and the adjacent one, owned by food chain Wow! Momo, killing at least 25 people, among them Shaow’s relatives and their friends.A preliminary investigation found serious lapses at the godown, which had been functioning without a fire clearance certificate.
23.03 / 15:41
UPS Citi CEO War country reports Updates As the West Asian crisis prolongs, how is India placed on the natural gas front?
New Delhi: India imports around 50% of its liquefied natural gas (LNG) requirements from West Asia, and most of it is sourced from Qatar. With the ongoing blockade of the Strait of Hormuz and attacks on Ras Laffan industrial City, a large chunk of India's imports are halted. This supply crunch may impact several downstream industries in India including fertilizers and steel.
21.03 / 15:49
UPS Citi ICE Election President War International The quiet American: How Pope Leo is pushing back against Trump
, born as Robert Prevost in Chicago and known for most of his life as “Bob,” has had a quiet start to his pontificate. But with the world facing crisis after crisis, the first-ever American pope is stepping up his efforts at moral suasion in defense of a fading international order that the American president, among other leaders, is rapidly dismantling.The papacy has always been political.
21.03 / 01:51
markets Citi IPO security Enterprise travelers Updates KP Singh: The visionary who turned Gurgaon into corporate India’s hub
KP Singh joined the company, he inherited an enterprise with ambition but little room to operate.The opportunity lay just outside Delhi.In the early 1980s Haryana began licensing private developers to build residential colonies. DLF secured licences in 1981 and 1983, opening the door to large-scale development in the farmland surrounding Gurgaon. Singh travelled from village to village, persuading farmers to sell their land.
20.03 / 09:21
markets Citi security performer Inside exclusive Updates Inside Sebi’s accredited investor push—and why it matters now
total annual income and liquid net worth as on the date of application.Liquid net worth is calculated by adding capital and free reserves and subtracting fixed assets such as pledged securities, unlisted securities, doubtful debts and advances, prepaid expenses and losses, intangible assets, and 30% of the value of marketable securities.Additional documents such as demat statements may also be required.The process involves a fee of ₹5,000, along with a certificate fee of ₹5,000 for two years or ₹9,500 for three years, according to CDSL Ventures Ltd.Once accredited, you enjoy various flexibilities and exclusive investment opportunities.The GIFT City AIFs with a minimum ticket size of $150,000 are available at $10,000 to accredited investors, investment in Portfolio Management Services (PMS) and AIFs which have minimum ticket size of ₹50 lakh and ₹1 crore for non-accredited investors are also offered at a lower ticket size to AIs.They are also exempted from the ₹10 lakh minimum limit of investing in Specialised Investment Funds.
20.03 / 07:39
markets UPS Citi Gap security electronic Updates LG Electronics India looks to ride out near-term LPG crunch, but FY26 drags
₹16,550 crore during the period due to channel destocking in Q3, while Ebitda fell a sharper 28% to ₹1,470 crore, hit by elevated copper and aluminium prices and higher other expenses.A recovery is expected in FY27, supported by price hikes of 2-9% across products and stronger revenue growth. Centrum Broking estimates earnings per share (EPS) growth of 40% and 23% for FY27 and FY28, respectively, while JM Financial Institutional Securities pegs growth at 31% and 13%.Revenue growth is expected to be driven by portfolio expansion, premiumisation and exports.
20.03 / 02:57
markets Citi Universities Updates Why you should let AI write your next customer complaint
Minkyu Shin is an assistant professor of marketing at the City University of Hong Kong. He can be reached at [email protected] all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint.
20.03 / 01:15
markets COST Citi social Updates International Why aren’t petrol prices rising in India despite global crude surge?
crude prices translates quickly into higher fuel costs. In the US, for instance, a gallon of regular petrol that averaged $2.94 in February now costs $3.58—a 20% increase—according to AAA Fuel Prices, a retail fuel price tracker from the American Automobile Association.In contrast, petrol in cities like Mumbai has held steady at around ₹103 per litre in recent weeks.At the core of this stability are state-run oil marketing companies (OMCs) such as Indian Oil and Hindustan Petroleum.When international prices surge, these companies often absorb the increase instead of passing it on immediately to consumers.According to Madan Sabnavis, chief economist at Bank of Baroda, "In the interest of social stability and to shield the common citizen from sudden inflationary shocks, domestic oil marketing companies often maintain steady product prices even as global crude costs climb.
19.03 / 10:13
UPS Citi Provident Booking Metro exclusive Updates Salary shakeup: How new wage rules and income tax tweaks will change take-home pay
taxpayers are opting for the new tax regime, which offers few exemptions for allowances. Companies don’t want to keep bearing the administrative burden of giving an allowance that no one uses.
18.03 / 10:37
COST Citi Waters Extreme Parke Research show The geography of business presence is being transformed by the reality of climate stress
India’s corporate skyline has expanded rapidly over the past three decades. Tech campuses in Bengaluru and Hyderabad, logistics parks along the Delhi-Mumbai industrial corridor and multiple warehouse clusters on city outskirts reflect a country building the infrastructure of a modern economy. Yet, much of this expansion has been planned around connectivity, labour access and land prices.
18.03 / 00:35
UPS Citi Booking Assurant security country India taps Iran for safe passage of six LPG, two oil vessels via Hormuz strait
Strait of Hormuz. Of these, six are carrying LPG, four are transporting crude oil, and one vessel is transporting liquefied natural gas (LNG). West Asia and the Strait of Hormuz are key for India's energy security, with about 90% of India's LPG imports and 50% of India's crude imports dependent on this region."The talks have been positive so far.
16.03 / 08:17
Citi Booking information shock rights Updates Citi sees no surge in corporate credit demand despite oil shock amid West Asia conflict
Mint.“In the early days of covid-19, those drawdowns were extraordinary, unprecedented. It is pretty minimal right now,” said Rekate.
16.03 / 06:43
Citi Action Gap show cover reports inequality Climate resilience: Why the lived experiences of people should guide policy responses to heat waves
As the India Meteorological Department warns of above- normal temperatures across much of India in the coming weeks, the country is once again preparing for a hotter summer. But for many Indians, rising heat is more than a seasonal forecast; it shapes everyday life.Climate change is no longer an abstract environmental challenge.
16.03 / 00:37
markets COST UPS Citi Manufacturing country From Morocco to Belarus, a chase for fertilizers across the world
fertilizer industry is coordinating with the Centre and states on increasing supply from more countries, the Fertiliser Association of India (FAI) said. “Production planning, imports and logistics are being actively coordinated to maintain adequate availability during the upcoming cropping season.
10.03 / 07:31
markets Citi Target Inside reports travelers Updates Inside Royal Orchid’s playbook for India’s next hotel boom
Mint.India’s hotel industry is entering a an expansion cycle which is fuelled by domestic travel and the increasing shift of independent hotels to branded operators. "Domestic travel will remain the main driver of demand as India has 100 million people travelling and international inflow will only be a bonus," Baljee said.The company has 120 operational hotels, and 48 are in the pipeline.
09.03 / 16:21
COST Citi Manufacturing Mobile show cover Updates Tender for 6,230 electric buses deferred by a month
NEW DELHI: The Centre’s second e-bus tender under the ₹10,900 crore PM E-Drive scheme, for 2,900 e-buses in Ahmedabad, Hyderabad, Pune, and Mumbai, and 3,330 buses in Delhi has been deferred by one month.The tender for 6,230 e-buses opened for manufacturers and operators on 9 January this year, and was scheduled to close on 10 March. But a 6 March notification by Convergence Energy Services Ltd (CESL), the government’s demand aggregation agency, showed the closing date was deferred to 9 April.

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