Citi Financial News

11.09 / 04:07
Citi Provident Parke Metro stage Schools open Bengaluru bandh: Here's what will be open and what will be closed today from schools, private transport to BMTC buses
The Federation of Karnataka State Private Transport Associations in Bengaluru announced a 'bandh' scheduled to start from midnight of September 10 and continue until midnight of September 11. The strike is expected to disrupt transportation services. As a result of this bandh, some schools have already declared a holiday for Monday, according to official sources cited by the news agency PTI.
11.09 / 03:53
Citi BLOCK Waters SUN Southern Rains from dying typhoon batter China for seventh day
typhoon kept southern China drenched for the seventh day as slow-moving storm clouds drifted from Guangdong on the coast to Guangxi, flooding low-lying areas, blocking roads and trapping residents. In the rural county of Bobai in Guangxi region, rescuers on assault boats have scrambled to pull people to safety since Sunday night as water more than 2 metres (6.6 feet) deep stranded residents in low-rise homes, state media reported on Monday. Heavy rain is expected to persist in Guangxi over the next few days. Haikui has weakened from a typhoon to a tropical storm since making landfall in Fujian province on Sept. 5, but its residual circulation has continued to wreak havoc in southern China, with the populous city of Shenzhen deluged by the heaviest rain since records began in 1952.
11.09 / 03:13
Citi Provident FIVE Assurant Parke Traffic Updates Bengaluru bandh LIVE Updates: Karnataka govt makes arrangements to tackle bandh; traffic police issues advisory
Bengaluru Bandh LIVE Updates: The Federation of the Karnataka State Private Transport Association has called a bandh today i.e. on 11 September. The Bengaluru Bandh begins on Sunday Midnight and will continue till Monday midnight.
11.09 / 03:13
Citi FIVE Platform Airlines Parke social Traffic Bengaluru Bandh today: City traffic police, airport issues advisory amid private transport strike. Read here
Bengaluru Bandh News: The Federation of the Karnataka State Private Transport Association has called a bandh today i.e. on 11 September. All private commercial vehicles plying in Karnataka's capital city will be ceasing their services today.
11.09 / 02:37
Citi Platform social Seven workers killed as construction lift comes crashing down from 40th floor in Thane skyscraper
lift collapse incident in Maharashtra's Thane rose to seven, the Thane Municipal Corporation said on Monday. The deceased persons have been identified as Mahendra Chaupal (32), Rupesh Kumar Das (21), Haroon Shaikh (47), Mithlesh (35), Karidas (38) and Sunil Kumar Das (21). The seventh deceased has not been identified yet, the officials said. According to the Thane Municipal Corporation officials, there were a total of seven labourers aboard the lift and all of them have been declared dead. Maharashtra Deputy Chief Minister Devendra Fadnavis has expressed his condolences to the families of the deceased in the incident. «Shocking! The lift accident in Thane is very tragic. I express my deepest condolences to the families of the deceased who lost lives in this accident.
11.09 / 02:37
Citi Provident Parke Traffic Karnataka Traffic police issues advisory for 'Bengaluru Bandh' today
Bengaluru traffic police has issued a traffic advisory for the public to plan accordingly after Karnataka State Private Vehicles Owner Association's call for 'Bengaluru Bandh' on Monday. «There might be disruption in operation of taxis, maxi cabs, private buses and auto rickshaws. Therefore, all road users are advised to use alternative roads and plan their travel accordingly,» the advisory stated. As per the advisory, the police have asked the public to avoid KG Road, Sheshadri Road, GT Road and roads around Freedom Park and Majestic Bus stand. «Vehicle coming from RR Junction towards Khodays circle: move towards to Krishna floor mill and proceed towards Malleshwaram.
11.09 / 01:57
Citi Provident FIVE Action Assurant ‘Bengaluru Bandh’ today! Karnataka's transport unions call for strike, govt on alert | 10 points
Karnataka Transport Department has made arrangements in order to tackle the Bandh called by the private bus, taxi, and auto unions, said Transport Minister Ramalinga Reddy. 1) Lakhs of private vehicles including autos, taxis, maxi cabs, goods vehicles, and corporate buses could stay off the roads on Monday, making commuting difficult for school students and office-goers, among others, PTI reported. 2) An alternative plan has been made so that there is no problem for the public on Monday.
11.09 / 01:57
Citi Man DNA 22nd Anniversary of 9/11 Attacks: Two more victims identified, over 1,000 human remains still unidentified
AP reported. Authorities confirmed the identification of the remains of a man and woman days ahead of the 22nd anniversary of the hijacked plane attack.
11.09 / 01:57
Citi FIVE BAY Weather update: IMD predicts heavy rains in THESE states till 14 September. Check weather forecast here
Weather update: The India Meteorological Department (IMD) has predicted possible active monsoon conditions over several parts of the state till 14 September. As per IMD, heavy rains has been predicted over East Rajasthan, Madhya Pradesh and Uttar Pradesh on 10th and 11th September and over northeast India during next 2-3 days. Moreover, the weather department has also predicted an increase in rainfall activity with isolated heavy falls over Odisha and Chhattisgarh from 12th September.
11.09 / 01:37
UPS Citi BLOCK Death toll from Morocco earthquake rises to 2,122
earthquake struck central Morocco on Friday night, according to the latest update from the Moroccan Interior Ministry. The deaths include 1,351 people reported in the Al Haouz Province, 492 in Taroudant Province, 201 in Chichaoua, and 17 in Marrakesh, added the ministry in a press release on Sunday. Moroccan troops and emergency services were reportedly struggling to reach the most affected areas in the Atlas Mountains region, as roads leading up there were blocked by fallen boulders, Xinhua news agency reported, citing local media. Earlier in the day, Marrakesh's residents told reporters that aftershocks could still be felt. According to the World Health Organization estimates, the disaster has affected more than 300,000 people in the ancient old city and its outskirts. The number of casualties is expected to rise. The Moroccan Red Crescent (MRC) has said the situation on the ground posed a vast challenge to search and rescue efforts, and «getting heavy machinery into those remote areas of the Atlas Mountains to help with that is a priority». As more people were being pulled out of the rubble, the MRC and other first responders were working around the clock to identify and prioritize the most severe cases, the MRC said in a statement. The earthquake hit Morocco Friday at 11:11 p.m.
10.09 / 21:35
Citi CEO country open Grasim Textiles plans to open nearly 120 retail stores over next two years
Grasim Industries is planning to expand its footprint in smaller cities and towns by opening around 100-120 retail stores over the next couple of years, a senior official of the company said. It also hopes for a surge in demand for textile products in the upcoming festive season. «We are optimistic about the growth story of India.
10.09 / 19:57
Citi Provident Reuters Man Waters country cover Morocco survivors seek aid as earthquake toll passes 2,100
By Jihed Abidellaoui, Alexander Cornwell and Ahmed Eljechtimi
10.09 / 19:11
UPS Citi Target FIVE Manufacturing boost Solar Panasonic Panasonic aims to double its solar business, boost exports
₹300 crore over 3-4 years to expand its Sri City manufacturing unit in Andhra Pradesh to achieve its exports targets, the company’s management said in a press briefing. “We have already invested ₹300 crore in our new Sri factory.
10.09 / 19:09
Citi Maharashtra calls all-party meet on Maratha quota issue
Maharashtra government has called an all-party meeting on Monday to arrive at a consensus to resolve the Maratha quota stir. Maratha leader, Manoj Jarange Patil, has been on a fast since the last 13 days seeking quota for the Maratha community. Jarange Patil has asked the state government to immediately issue a Government Resolution (order) that would recognise Marathas in the Marathwada region as Kunbis that would allow them to get reservations under the OBC category. The Maratha leader has rejected a GR already issued by the Maharashtra government on the quota.
10.09 / 18:41
Citi Provident CEO Coherent Shell life sciences Motilal Oswal buys 12-storey tower in Ahmedabad from Claris Life Sciences
Motilal Oswal Financial Services (MOFSL) has acquired an entire standalone commercial tower with 12 upper floors spread over nearly 1,10,000 sq ft in the financial hub of Ahmedabad from Claris Life Sciences to support its growth and expansion plan. The property spread over 0.56 acres will house Motilal Oswal Tower, which is the company's third such property after its independent commercial towers in Mumbai and Bengaluru. The company has acquired the brownfield project on Ahmedabad's Sindhu Bhavan Road in bare shell condition. The financial services major will now take the construction ahead and expects to complete the project latest by September 2024. «We have our offices spread over various locations in Gujarat,» Motilal Oswal, group MD & CEO, Motilal Oswal Financial Services, told ET.
10.09 / 18:41
Citi Gap TCS UBS Chanel Inside International luxury brands Proposed tax on international card purchases may drive sale of luxury brands in India
Liberalised Remittance Scheme, in case of amounts exceeding ₹7 lakh in a financial year from October 1, is likely to push the sale of luxury brands in India, experts said. Covid had helped boost demand for luxury brands in India as international travel restrictions shifted sales to domestic stores. That is now set to get another boost due to narrowing of the price gap between foreign and local markets after accounting for the 20% tax collected at source (TCS), mall owners said. «An Indian consumer earlier used to go abroad and shop in Dubai or London, but when the pandemic happened, many of those brands like Chanel or Hermes called their Indian consumers to do small events inside the store.
10.09 / 17:43
Citi Digital Action social G20 agrees to creation of working group on women empowerment
G20 agreed to the creation of a working group on the empowerment of women to support the G20 women's ministerial panel which will convene its first meeting during Brazil's presidency of the bloc.
10.09 / 16:45
Citi Provident FIVE Action Schools services Bengaluru Bandh: Private transport services to cease on Monday, schools declare holiday
Bengaluru Bandh News: The Federation of the Karnataka State Private Transport Association has called a bandh on Monday, 11 September, which means all private commercial vehicles plying in Karnataka's capital city will cease services on Monday. The Bengaluru Bandh begins on Sunday Midnight and will continue till Monday midnight. According to media reports, some private schools in the city have declared a holiday on Monday.
10.09 / 16:45
Citi MET Progressive country beautiful Road to progress can have several auxillary routes
ekla chalo re (walk alone) policy. On 26 September 1999, the G20 was founded with this goal in mind. The world then was reeling from the Asian financial crisis.
10.09 / 14:59
Citi Target FIVE Instagram Shell Inside foreign Russian strikes on Ukraine kill 2 foreign aid workers and target Kyiv
Two foreign aid workers have reportedly been killed in eastern Ukraine when Russian shelling hit a van carrying a team of four working with a Ukrainian NGO
10.09 / 14:05
COST UPS Citi Action G-20 shown unmistakable symbol of India’s rise at group photo
Narendra Modi welcomed world leaders to the Raj Ghat memorial complex in central Delhi on Sunday, site of the eternal flame that burns for Mahatma Gandhi. Symbolism is hard to escape in the so-called family photograph. It’s a G-20 tradition that offers a rare, unvarnished glimpse of the interaction between leaders — the warmth or chill of greetings, the backslapping, side chats, scowls or moments of awkwardness — and so points to the state of world relations.Also Read: G20 Summit 2023 LIVE: We are always there to push back against hatred, says Trudeau on Khalistani issue Absent from this year’s lineup were China’s President Xi Jinping and Russia’s Vladimir Putin, both of whom skipped the summit amid tensions with the US and its allies.

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