Citi Financial News

18.09 / 05:29
UPS Citi Target Manufacturing Chase Eye on cement sector; Birla Corporation, JK Laxmi Cement can rally over 20% each in next 12 months
cement sector as construction activities take a back seat due to the monsoon. However, this time demand remains buoyant due to weak monsoon, elevated pre-election spending, infrastructure development, and sustained demand from real estate as well as capex-intensive industrial projects. Cement prices have largely been stable from June 23 to exit across regions, except for the north, where prices have increased in July ’23. Cement manufacturers have raised prices by INR30-35/bag in the East from the beginning of Sep’23 and another hike of INR30/bag has been announced w.e.f.
18.09 / 05:29
Citi Provident Amazon CEO Enterprise social EarnKaro’s affiliate marketing is upending the social cashback game in Bharat
EarnKaro also provides an avenue for this. Born out of its parent company CashKaro in 2019, EarnKaro enables users to earn a commission every time someone buys something from the user’s Earnkaro links. Founded by Swati Bhargava and Rohan Bhargava, EarnKaro lets users generate a “profit link” from a product deal from any e-commerce sites — Amazon, Flipkart, Myntra, etc. The users can share this link with their friends and family.
18.09 / 05:21
Citi FIVE BLOCK Extreme Updates Weather Updates: IMD predicts heavy rainfall in Gujarat, Rajasthan till September 19. Check here
Also Read: Several Mumbai-Gujarat trains cancelled due to heavy rainfall. Check details here The Narmada and other rivers are flowing at full capacity. As a response to the situation, 9,600 individuals were relocated to safer locations, and 207 others were rescued across five districts.
18.09 / 04:43
Citi Provident Waters Action Strategy Align country Cleantech startups in Dubai: Pioneering a sustainable future
Additionally, it aims to triple the contribution of renewable energy and invest between AED 150 and AED 200 billion by 2030 to meet the country’s increasing demand for energy owing to its rapidly growing economy.The cleantech landscape in Dubai: Nurturing a green economy Dubai’s rise as a hub for cleantech startups mirrors its ambition to achieve a sustainable and eco-friendly economy. A multitude of cleantech startups are emerging as instrumental players in driving innovation, while aligning with the UAE Energy Strategy 2050.
18.09 / 04:43
UPS Citi Target Booking Strategy Yellow Indian Gold Prices Gold Rate Today: Gold prices in India gain amid dollar slide. Check price of yellow metal in Delhi, Ahmedabad, and other Indian cities
Dollar Index (DXY) crossed the 105 mark on Monday against the basket of six top currencies and was down by 0.07%. On Comex, gold futures were trading at $1,949 per troy ounce on Monday, up by $3.30 or 0.17% while silver futures were at $23.455, lower by $0.069 or 0.30%. The Street awaits the Federal Reserve’s policy outcome on Wednesday. The October Gold futures had ended with gains of Rs 411 or 0.70% per 10 gram at Rs 58,999 on Friday while the December Silver futures closed lower at Rs 72,165, down by Rs 1,183 per kg or 1.673%. Amit Khare Associate Vice President at Ganganagar Commodity Limited (GCL) Broking said that bullion is looking good on the daily charts and was making bottom and trading near demand zone which was suggested even by the momentum indicator RSI. His advice to traders is to make fresh buy positions in gold and silver futures near the given support level of Rs 58,800-58,600 with the stop loss at the support levels while booking profit near the resistance levels of Rs 59,100-59,200. Analyst Neha Qureshi, who is Senior Technical & Derivative Analyst at Anand Rathi Commodities & Currencies added that the gold (October) appeared to be shaping a W-pattern breakout on the daily chart with the neckline at the Rs 59,670 level. This pattern suggests a potential bullish trend in the market, she said, adding that gold is currently trading above its 50-day and 100-day Exponential Moving Averages (EMA), indicating positive momentum. She sees key resistance levels at Rs 59,300-59,670 while important support levels at approximately Rs 58,670-58,275. Gold futures are down 0.64% or by Rs 381 on the month-to-date basis while they have gained 7.23% or by Rs 3,976 on the year-to-date basis, Anuj Gupta, Head Commodity &
18.09 / 02:27
Citi Reuters Action Southern social China Evergrande shares tumble 25% after wealth management staff detained
HONG KONG (Reuters) -Shares of embattled developer China Evergrande (HK:3333) Group plunged 25% on Monday after police detained some staff at its wealth management unit, suggesting a new investigation that could add to the property company's woes.
18.09 / 02:03
UPS Citi Provident CEO Enterprise country Global data center major Colt DCS plans $1.3 billion investment in India
data center major Colt DCS is looking to invest over $1.3 billion in India to develop hyperscale and enterprise solution data center campuses over the next 3-4 years, said a top official of the company. The London-headquartered company is looking to develop two campuses including one in Mumbai region and one in Chennai as per its India growth plan to begin with and in other key cities of the country in the years to come. For the Mumbai region project, the investment amounts to $115 million in the first phase, and the overall estimated investment for this campus stands at around $750 million. «Colt DCS' entry into the Indian market reaffirms our commitment to become the leading customer-centric data centre operator in the industry. Our strategic expansion is only set to continue with new sites expected across the country as we look to provide high quality data centre services,” Niclas Sanfridsson, CEO, Colt DCS, told ET. In Navi Mumbai’s Airoli locality, the company is setting up a 120 MW hyperscale data center spread over 15 acres.
18.09 / 02:03
UPS Citi Provident Citigroup HSBC country From HSBC to Citi, global banks expand maternity benefits to retain women in India
HSBC pays for bankers’ nannies in India for up to six years. Morgan Stanley allows pregnant staff to expense cab rides, and Citigroup Inc. lets new moms work from home for a year after their maternity leave runs out. Across India, global financial firms are expanding maternity benefits to include perks rarely seen elsewhere, part of an effort to attract and retain female employees. Overall, less than a quarter of adult women in India work, among the lowest rates in the world. “We will never become a developed country without women’s participation,” said Aditya Mittal, chief human resources officer of Citi India & South Asia. The bank last week announced that new moms will now have the option to work from home for up to a year after their paid leave ends.
17.09 / 19:43
UPS Citi Progressive CEO Volkswagen country India's rating should reflect its potential: Kaushik Shaparia, CEO of Deutsche Bank Group, India
Given strong economic fundamentals, India's sovereign rating should be much higher than what it is, although more needs to be done to convert the burgeoning global interest in the country into actual investment, Kaushik Shaparia, CEO of Deutsche Bank Group, India, told Bhaskar Dutta and MC Govardhana Rangan in an interview. Edited excerpts:Fund flows seem to be favouring India, valuations notwithstanding. What is happening in the economy or the financial markets to have drawn so much attention? I am of the view that India should not rest on its laurels.
17.09 / 19:37
COST UPS Citi MAIL Aware COMPOSITE Buy ships to transport energy: Govt to oil cos
NEW DELHI : India’s public sector oil and gas companies are looking at purchasing ships to transport oil and gas following a Union government directive aimed to ensure energy security, two people aware of the development said. The move comes at a time of rising crude prices, a price cap on Russian oil, and a bar on the use of Russian ships for transporting oil and gas. “The government has been asking oil companies to buy ships....But where are the ships available," said one of the two people, adding that despite poor availability, large oil companies are likely to locate and procure them.
17.09 / 19:23
Citi exclusive Mumbai Sotheby's gets mandate to sell Rs 800 crore ultra-luxury apartments in Mumbai
International Realty on Sunday said it has bagged a mandate to sell ₹800 crore worth ultra-luxury apartments at Worli in Mumbai. In a statement, India Sotheby's International Realty said it has signed an exclusive sales and marketing mandate with The Residency, Worli, Mumbai that houses 19 ultra-luxury residences.Prime Realty is the developer of this project. These residences are ready with completion and occupancy certificates, it added. The price of these luxury residences starts at ₹60 crore each.
17.09 / 18:21
Citi Provident Booking Remark Who is Meryl Gordon? Know about Brooke Astor’s biography writer who called out ​​Anderson Cooper
Meryl Gordon, a renowned author and award-winning journalist, has made headlines recently for her candid remarks about CNN host Anderson Cooper's upcoming book, «Astor: The Rise and Fall of an American Fortune.» In a revealing interview on Doug Brunt's podcast, «Dedicated with Doug Brunt,» Gordon expressed her disappointment in Cooper's work, accusing him of relying heavily on her previous writings about Brooke Astor without contributing substantially to the narrative.
17.09 / 16:51
Citi Reuters Action Southern shootings show social Sporadic protests continue in Iran as Mahsa Amini anniversary passes
DUBAI (Reuters) — Sporadic protests continued in Iran on Sunday amid a widespread crackdown by security forces a year after a young Kurdish woman's death in custody set off some of the worst political unrest in four decades.
17.09 / 15:53
Citi country Coast Guard ship Samudra Prahari on overseas deployment to ASEAN countries
ICG) ship Samudra Prahari, a specialised pollution control vessel, is currently on an overseas deployment to ASEAN countries, officials said on Sunday. The deployment is from September 11 to October 4, according to an official statement. This deployment is part of India's ASEAN initiatives for marine pollution response, showcasing the pollution response capabilities of the ICG and its commitment to addressing marine pollution issues and enhancing capacity in the region, the statement said. The ship is equipped with a Chetak helicopter in pollution response configuration, enhancing its capabilities in the area.
17.09 / 15:53
Citi BLOCK Waters Extreme Heavy rain batters Gujarat, release of water from Narmada dam causes flooding; hundreds shifted
Heavy rain lashed several parts of Gujarat on Sunday, flooding low-lying areas and cutting off several villages as Narmada and other rivers are in full spate, prompting shifting of hundreds of people to safer places, officials said. Several areas in Ahmedabad were waterlogged after the city received 76 mm of rainfall in 12 hours ending at 6 pm on Sunday, throwing the normal life out of gear.
17.09 / 15:51
Citi Lowe's Man Waters Warning Madhya Pradesh News: IMD issues ‘red alert’ in Indore for very heavy rainfall, flash flood warning. See full forecast
Madhya Pradesh's Indore on Monday. Western Madhya Pradesh is expected to witness intense rainfall on September 17. Moderate rainfall will be witnessed in other parts of the state, the IMD said.
17.09 / 15:25
Citi Reuters Southern Moodys social China police detain some Evergrande wealth management staff
BEIJING (Reuters) — Police in southern China have detained some staff at China Evergrande (HK:3333) Group's wealth management unit, suggesting a new investigation that could add to the property giant's woes.

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