Citi Financial News

Nine passengers have been injured after an engine fire sent smoke into the cabin of an Air China jetliner landing in Singapore, prompting an evacuation of the aircraft

International aid groups have mobilized in Morocco where a 6.8 magnitude earthquake Friday night has killed 2,681 and injured more than 2,500

Sports betting company DraftKings has apologized after using the Sept. 11, 2001, terror attacks to entice people to bet on baseball and football games

The toll of the earthquake that devastated Morocco is on stark display in dozens of remote villages across the North African county's disaster zone

A father is dead and his 9-year-old son is missing after their jet ski collided with a barge on a lake near Nashville, Tenneesee

Saudi Arabia on Monday said it will consider setting up an office of its sovereign wealth fund in GIFT City to facilitate investments. Saudi investment minister Khalid A. Al Falih said within the next few weeks, he would send a strong delegation to GIFT City to explore the opportunity.

NEW DELHI : Samhi Hotels Ltd, which plans to raise ₹1,370 crore by selling shares, will continue to expand its portfolio of business hotels in India’s top cities, Ashish Jakhanwala, the chairman, managing director and chief executive, said. Most of the proceeds — ₹1,100-1,150 crore—will go towards reducing debt, he said. The Gurugram-based company has 31 hotels, both owned and leased, across the country with 4,800 rooms.

NEW DELHI : India and the UK have launched an infrastructure financing bridge to plan and implement major infrastructure projects, finance minister Nirmala Sitharaman said on Monday. The two countries have also agreed to conduct investment negotiations in parallel with the goods negotiations to conclude their free trade agreement (FTA) talks.

ChatGPT to plan their itinerary, and then visiting travel agents to book their flights and holidays. Scoot currently flies to six destinations in India and plans to resume operations to Chennai from 5 November. It also seeks to tap the potential in other Indian international airports, such as the upcoming airports in Jewar and Navi Mumbai.

How it works NCMCs are issued as prepaid and debit Rupay cards and will soon be issued as credit cards as well. A prepaid card can be bought from metro stations by completing online KYC at the issuing bank’s platform. Debit cards, on the other hand, are issued by the bank.

A Delhi court began hearing an UAPA case filed against Umar Khalid, Sharjeel Imam and several others from Monday. It pertains to the North East Delhi Riots that took place in 2020 amid protests over the over the Citizenship Amendment Act and National Register of Citizens. The matter will be heard by Special Judge Amitabh Rawat at the city's Karkardooma court on a day-to-day basis.

MUMBAI—The financial capital of India has become a colossal construction site. The barriers that try to keep daily life on track in the metropolis on the country’s west coast proclaim: “Mumbai is upgrading." A new road being built along the Arabian Sea is aimed at easing congestion in a city where three-lane roads are frequently occupied by five lanes of honking traffic. A rapid-transit metro system is being extended to ease pressure on suburban trains overflowing with people.

New Delhi: Saudi Arabia said it will consider setting up an office of its sovereign wealth fund (SWF) in Gujarat International Finance Tec-City (GIFT) to facilitate investments. Investment minister of Saudi Arabia Khalid A.

Delhi High Court has directed the state government, MCD and DDA to explain how permissions were granted for new constructions in the Southern Ridge forest area where a multi-storey housing project has already come up. The high court was informed by the amicus curiae that there have been illegal construction activities being carried out in Chattarpur area within the southern ridge. «The counsel appearing on behalf of the Forest Department, Delhi government as well as counsel for MCD and Delhi Development Authority (DDA), are directed to file a detailed and exhaustive affidavit, explaining the grant of permissions in respect of new constructions in the Southern Ridge forest area, including but not limited to the housing project 'Risland-Sky Mansion',» a bench of Justices Satish Chandra Sharma and Justice Sanjeev Narula said. The high court was hearing a batch of PILs on the problem of poor ambient air quality in Delhi, an issue which it has also taken up suo motu and in which it has also appointed an amicus curiae (friend of the court).

PHOENIX—When Darrian Anagal heard about a house on the outskirts of this city where addicts like her could live and receive help getting sober at no cost, she decided to give it a try. Days after the 29-year-old Navajo tribal member arrived, she noticed people smoking methamphetamine and drinking in their rooms, as well as selling drugs to housemates, she said. She moved to a second sober-living home, where the house’s owner gave residents a gram of marijuana for every day they stayed.

India and Saudi Arabia can look at doubling bilateral trade to USD 100 billion in the coming years from about USD 52 billion at present, Commerce and Industry Minister Piyush Goyal said on Monday. He said the two countries can also look at a more balanced trade. The minister suggested Saudi Arabia to open an office of their sovereign wealth fund in GIFT city in Gujarat and industry chamber Ficci set up an office in Riyadh in partnership with Invest India, and the commerce ministry to facilitate investments. «Maybe this could be a way to kick-start a better flow of trade and investments and also to see how we can double our trade, which is currently about USD 52 billion. »Can we be more ambitious and take it to USD 100 billion, can we look at a more balanced trade, can we look at India becoming the provider of food security to Saudi Arabia, while Saudi Arabia helps us provide more energy security like oil and fertiliser.

By Saeed Azhar

LuLu Group International Yusuff Ali on Monday said his group is going to set up two large shopping malls in India — Ahmedabad and Chennai. Speaking to ANI, Ali said, «We are going to construct one of the largest shopping malls in Ahmedabad and Chennai and we are opening our shopping mall in Hyderabad end of this month. Also we are going to different states for shopping malls and food processing.» Hyderabad will be the sixth city after Kochi, Thiruvananthapuram, Bengaluru, Lucknow, and Coimbatore where the group has its shopping mall presence. Lulu Group, headquartered in Abu Dhabi, UAE, has been known as a trendsetter in the retail industry in the Middle East and North Africa region.

The warning has come after a Lt Colonel of the army was injured last week during a standoff with a group of people, including Meira Paibis (women vigilantes), who attempted to attack tribals at Molnoi village near Pallel in Tengnoupal district but were stopped by the army and Assam Rifles. During the stand-off, a bullet hit Lt Col Raman Tyagi in his hand, an incident that led to a crackdown on the protesters who were determined to march towards the tribal village. Lt Col Tyagi had to be airlifted from Manipur to Guwahati where he underwent surgery, the officials said.

SAMHI Hotels will open on Thursday, September 14, for subscription and closes on Monday, September 18. The public issue of face value of Rs 1 per equity share comprises a fresh issuance of equity shares worth Rs 1200 crore and an Offer for Sale (OFS) of up to 13.50 million equity shares. SAMHI Hotels has fixed the price band at Rs 119 to Rs 126 per equity share for its maiden public offer. Investors can bid for a minimum of 119 equity shares and in multiples of 119 equity shares thereafter. Ahead of the IPO, Madhuri Madhsudan Kela, along with Nuvama Crossover Opportunities Fund and TIMF Holdings have picked up stake in Gurugram-based SAMHI for a total consideration of Rs 130 crore from Blue Chandra Pte Ltd. As per disclosures made by SAMHI last week, selling shareholder, Blue Chandra Pte.

On the BSE, City Pulse Multiplex(down 14.70 per cent), Coffee Day Ent(down 14.57 per cent), Chandra Bhagat Pharm(down 14.00 per cent), Ambo Agritec(down 10.56 per cent) and UTL Industries (down 10.00 per cent) stood among the top losers in today's trade. In the Nifty pack, 46 stocks closed in the green, while 4 stocks ended in the red. The index closed 176.4 points up at 19996.35. On the BSE, Sarda Proteins, Ritesh Intnl, Corp Courier, Voltaire Leas and Concrete Credit Ltd. hit their fresh 52-week lows, while ITI Ltd, SJVN, Creative Casting, Ircon Intl.