Citi Financial News

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Coffee Day Global, its lender IndusInd Bank has decided to withdraw its insolvency resolution application against the company after the private sector lender assigned its loans to ASREC (India), an asset reconstruction company (ARC). The Chennai bench of the National Company Law Appellate Tribunal (NCLAT) on Wednesday allowed the withdrawal of Coffee Day’s appeal in its oral order after both sides informed that they are settling the matter.

double-decker buses will forever go off roads from September 15, while the open-deck buses will be pulled out on October 5," the spokesperson said as quoted by PTI. Following this, commuter groups and bus enthusiasts have urged BEST to preserve at least two of these iconic vehicles at its Anik depot-based museum and have written to the Maharashtra CM, tourism minister, and the BEST administration. Harshad Joshi, a bus enthusiast said, “As the new double-decker e-buses are air-conditioned, we will miss sitting in the front in the old buses and traveling with the breeze from the open windows on our faces." “In 1964, trams disappeared from the city roads forever.

More Chinese companies are using the digital yuan to pay their workers, as Beijing looks to spur the adoption of its CBDC.

IIM) Lucknow is set to close the registration window for the CAT 2023 examination today, September 13. Eligible candidates looking to apply for this highly-anticipated exam must act promptly by visiting the official website at iimcat.ac.in. CAT 2023, a crucial step for individuals seeking admission into prestigious management programs, is planned to be conducted in approximately 155 cities across India. Applicants have the flexibility to choose up to six preferred cities for their examination venue. The CAT Center will strive to allocate one of the selected options to each candidate. It is essential to bear in mind that once an exam center is assigned, further modifications will not be entertained. Upon the closure of the CAT registration window, candidates who have completed the registration process and paid the requisite fee will be granted the opportunity to make necessary corrections and adjustments to their CAT 2023 application forms. Here is a simplified step-by-step guide for registering for the Common Admission Test 2023:How to Apply for CAT 2023 Registration?

Azam Khan in Uttar Pradesh. The team of IT personnel reached cities including Rampur, Meerut, Lucknow, Ghaziabad, Saharanpur, and Sitapur, according to ANI reports. In October, the state assembly Secretariat announced Azam Khan's disqualification from the House after a court sentenced him to three years in jail in a hate speech case.

Dozens of people died in a fire at an apartment block in Vietnam's capital Hanoi, state media said Wednesday, with witnesses reporting screams from inside and a small child was thrown from the building. The fire started just before midnight on Tuesday (1700 GMT) in the parking floor of the 10-storey building, witnesses said, an area packed with residents' motorbikes. "Authorities have rescued about 70 people, rushing to hospital 54 people, including dozens of dead," the official Vietnam News Agency said.

ASK Property Fund, the real estate private equity arm of the ASK Group, has invested Rs 225 crore in property developer Kumar Realty’s residential project, part of an integrated township Megapolis in Pune’s Hinjewadi. The investment has been made through its recently raised fund, ASK Real Estate Special Opportunities Fund IV (RESOF IV). It raised over Rs 1,500 with the close of this sixth fund including co-investments from investors. The project is focused towards affordable and mid-income segment homebuyers.

President Vladimir Putin. That meeting underscores how the two leaders’ interests are aligning in the face of their separate, intensifying confrontations with the United States. The launch extended a highly provocative run in North Korean weapons testing since the start of 2022, as Kim used the distraction caused by Putin’s war on Ukraine to accelerate his weapons development.

₹58,550 per 10 gm on Multi Commodity Exchange (MCX), and went on to hit an intraday high of 58,556, and a low of ₹58,533. Around 9.20 a.m., MCX Gold for October 5 delivery traded 0.15 per cent lower at ₹58540 per 10 grams. Silver price today opened at ₹71,750 per kg on MCX and went on to hit an intraday high of ₹71,750, and a low of ₹71,380.

iimcat.ac.in -Click on CAT 2023 Registration on the homepage. -Register to generate unique User ID and Password. -After this, Login using the generated User ID and Password to fill in the Application form -Fill all the required information Application Form which is categorized into six sections: Personal Details, Academics, Work Experience, Programs, Test City, Payment.

Stockbroker Ord Minnett’s head of natural resources, Richard Saywell, is packing his bags for a rival.

interest rate unchanged at the end of its Sept. 19-20 policy meeting and probably wait until the April-June period of 2024 or later before cutting it, according to economists in a Reuters poll.Fed Chair Jerome Powell underscored the «higher-for-longer» mantra for rates in a speech at the annual Jackson Hole central banking symposium in August and maintained another rate hike might still be needed to bring inflation down to the 2% target. But other members of the rate-setting Federal Open Market Committee (FOMC), including some of the more hawkish ones, have raised the possibility of holding off on another rate hike to allow more time to gauge the impact of the cumulative 525 basis points of tightening delivered by the Fed since March 2022. More than 95% of economists, 94 of 97, in the Sept.

President Vladimir Putin, a rare encounter between isolated leaders driven together by their need for support in escalating standoffs with the West. Kim is expected to seek economic aid and military technology for his impoverished country, and, in a twist, appears to have something Putin desperately needs: munitions for Russia’s grueling war in Ukraine. It’s a chance for the North Korean leader to get around crippling U.N.

Personal Loans start at 10.10% p.a. – a discount of up to 80 basis points, with a nil processing fee and higher loan limits of up to ₹20 lakh. The Bank has introduced a fixed rate of interest option.

North Korea's Kim Jong Un rolled through Russia on an armored train Tuesday toward a meeting with President Vladimir Putin, a rare encounter between isolated leaders driven together by their need for support in escalating standoffs with the West. Kim is expected to seek economic aid and military technology for his impoverished country, and, in a twist, appears to have something Putin desperately needs: munitions for Russia's grueling war in Ukraine. It's a chance for the North Korean leader to get around crippling U.N. sanctions and years of diplomatic isolation.

Libya's eastern city of Derna on Tuesday, and it was feared the toll could surpass 5,000 after floodwaters smashed through dams and washed away entire neighborhoods of the city. The startling death and devastation wreaked by Mediterranean storm Daniel pointed to the storm's intensity, but also the vulnerability of a nation torn apart by chaos for more than a decade. The country is divided by rival governments, one in the east, the other in the west, and the result has been neglect of infrastructure in many areas. Outside help was only just starting to reach Derna on Tuesday, more than 36 hours after the disaster struck.

Citibank India on Tuesday reported a 26% year-on-year net profit in the previous financial year, excluding the one-time gain arising from the sale of its consumer business to Axis Bank. The foreign bank's profit after tax in the year ended March 31 was at ₹13,614 crore including a post-tax one-time gain of ₹8,914 crore from the sale of the consumer banking business to Axis Bank, Citi India said in a statement. For the previous financial year, Citi India's underlying profit was at ₹4,700 crore versus ₹3,727 crore in the previous financial year. The bank's net interest margin in FY23 was at 5.15%, up from 4.65% in the previous financial year. Asset quality improved, with gross non-performing asset ratio falling to 0.41% as of March 31, from 1.07% the previous year. The net NPA ratio was at 0% versus 0.39% a year ago. As of March 31, 2023, Citibank's total assets were at ₹2.17 lakh crore. Citibank India extended loans worth ₹35,001 crore to agriculture, affordable housing, renewable energy and micro, small, and medium enterprises. «The disciplined execution of our refreshed strategy has led to strong earnings.

Aerosmith's ‘Peace Out: The Farewell Tour’, marking over 50 years together, faces delays following Steven Tyler's vocal cord injury at the UBS Arena on September 9. Steven Tyler, the frontman, shared that doctors ordered him not to sing for 30 days due to vocal cord damage and bleeding sustained during a recent show. As a result, several tour dates will be rescheduled to ensure a proper performance for fans. Six concerts have been moved to 2024, starting in January and concluding in February. The affected cities include Detroit, Chicago, Washington, D.C., Toronto, Raleigh and Cleveland. Previously purchased tickets will remain valid for the new dates, and refunds are available for those unable to attend. Aerosmith had commenced their ‘Peace Out: The Farewell Tour’ on September 2 in Philadelphia, completing only three out of 40 scheduled dates. Notably, in December of the previous year, the band had to cancel the final two shows of their Las Vegas residency due to an undisclosed illness affecting Steven Tyler. Additionally, earlier in their journey, they had postponed dates to enable Tyler to seek treatment for addiction issues that arose following foot surgery.

red fire ants, one of the most invasive species on the earth and the fifth most expensive to combat, have reached Europe. With the scientific name of Solenopsis invicta, the red ants have their origin in South America. Their sting is ‘painful and irritating' and can cause pustules and allergic reactions. The stings can trigger potentially deadly anaphylactic shock.

A coalition of professional sports teams in Missouri is backing a new proposal to put the legalization of sports betting on the 2024 ballot