Citi Financial News

Kempegowda International Airport are likely to face inconvenience in booking cabs due to the Bengaluru bandh protest on September 11. “Due to the one-day protest called by private transport vehicle association on September 11, 2023, there might be disruption in the operation of taxis, maxi cabs, private buses & auto rickshaws,” said Bengaluru airport on Social media platform X. It advised passengers to plan their travel to and from the airport accordingly. The Federation of the Karnataka State Private Transport Associations has called for a 'bandh' seeking a ban on bike taxis, and urging the government to extend the Shakti scheme — that offers free bus rides to women on state-run transport buses — to private buses as well, among other demands. The private transporters have claimed that they have been negatively impacted by the Shakti scheme and that the state government has not fulfilled their demands despite repeated discussions. About 7 to10 lakh vehicles including autos, taxis, airport taxis, maxi cabs, goods vehicles, school vehicles, also stage carriages, contract carriages and corporate buses, will go off the roads tomorrow, S Nataraj Sharma, president of the federation said. Federation office bearers have said that they have organised a protest march from Sangolli Rayanna circle to Freedom Park in the city as part of the bandh. The Bengaluru Metropolitan Transport Corporation (BMTC) will run more bus trips and services in the city and also to Kempegowda International Airport on Monday to mitigate the inconvenience caused to the public by the bandh. Transport Minister Ramalinga Reddy had recently said that the government was open to talks with the federation and is also making preparations to ensure that the

Morocco is working to rescue survivors while praying for victims of the country’s strongest earthquake in more than a century

Delhi Lt Governor VK Saxena activated the rain contingency plan as it began to pour during the dinner for G20 leaders hosted by President Droupadi Murmu, Raj Niwas officials said on Sunday. They added that Saxena has also thanked Delhi-NCR residents for making the G20 Summit a grand success. «The Lt Governor underlined that without their support, enthusiasm and patience in face of inconveniences, this international event could not have played out with the perfection that it did,» an official said. Saxena also thanked the «rain gods» who made the stay of the visiting dignitaries all the more special by bringing down temperatures and improving the Air Quality Index. Various government departments and agencies had formulated rain contingency plans in case of a downpour. «For waterlogging that occurred at certain sites prone to flooding, pumps were immediately put into action.

Central and state government of Uttar Pradesh and the work is in full swing, an official release said. Along with the Central Government, the Yogi Government is also making efforts to provide various facilities to the devotees in the coming days. According to District Magistrate Nitish Kumar, all the works of Maryada Purushottam Shriram International Airport are to be done in three phases. For this, 100 per cent work of acquiring total 821 acres of land included in the project has been completed. Along with this, the runway work of phase-one of the airport has also been 100 per cent completed.

Ayodhya's much-anticipated Maryada Purushottam Shriram International Airport is gearing up to establish direct air connectivity with the national capital, Delhi, and three other major cities across India. As per a TOI repor, Airport director Vinod Kumar said that the initial phase of operations at the Ayodhya airport is set to commence this November, with direct flights connecting the sacred city to Delhi, Mumbai, Bengaluru, and Hyderabad. Ayodhya district magistrate Nitish Kumar shared insights into the airport's construction, revealing that it is being executed in three meticulously planned phases. The project has successfully acquired an expansive 821 acres of land to facilitate this ambitious endeavor. In the first phase of development, the construction of the runway has been completed, boasting the capacity to accommodate aircraft operations seamlessly under diverse weather conditions, day and night.

Chinese cities last week removed restrictions on home buying, as the Asian giant gradually rolls back a crackdown on the property sector in a bid to revive its economy. Dalian and Shenyang, two of the most populous cities in the northeastern province of Liaoning, separately announced they will no longer restrict the number of properties residents can buy in most parts of the city, while offering subsidies for buyers and tax relief for sellers. Nanjing, the provincial capital of affluent Jiangsu province, said it would let people buy flats without proof of eligibility in four districts, effectively easing its last restrictions on home purchases. These announcements come on the heels of a series of nationwide support measures for the property sector, including lower mortgage rates for first-time homebuyers.China's debt-riddled property sector accounts for one-quarter of the state's economic activity.

earthquake that killed more than 2,000 people, as rescue teams raced to find survivors trapped in the rubble of flattened villages. The strongest-ever quake to hit the country has killed at least 2,012 people and injured over 2,059, many of them critically, according to the latest official figures. Friday's 6.8-magnitude quake struck 72 kilometres (45 miles) southwest of the tourist hub of Marrakesh, wiping out entire villages in rural areas. «I've lost everything», said Lahcen, a resident of the mountain village of Moulay Brahim, whose wife and four children were killed. Rescue workers recovered the bodies of Lahcen's three daughters from the rubble of what was once their home, but have not yet found the bodies of his wife and son. «I can't do anything about it now, I just want to get away from the world and mourn.» Troops and emergency services have scrambled to reach remote mountain villages where victims are still feared trapped. Al-Haouz province, where the epicentre of the earthquake was located, suffered the most deaths with 1,293, followed by the province of Taroudant with 452.First funerals Bouchra, another resident of remote Moulay Brahim village, dried her tears with her scarf as she watched men digging graves to bury the victims. «My cousin's grandchildren are dead», she said in a knotted voice. «I saw the devastation of the earthquake live, and I'm still shaking.

Russia launched an air attack on Kyiv early on Sunday, with blasts ringing out across the Ukrainian capital and its region for almost two hours and drone debris falling on several of the city's central districts, Ukrainian officials said. Ukraine's Land Forces said that the country's air defence systems destroyed 25 out of 32 Russia-launched Iran-made Shahed drones, most of which targeted Kyiv and the Kyiv region. Reuters witnesses heard at least five blasts across Kyiv, and Ukrainian media footage showed a number of cars damaged. «Drones came onto the capital in groups and from different directions,» Serhiy Popko, head of Kyiv's city military administration, said on the Telegram messaging app.Kyiv Mayor Vitali Klitschko said that one person was injured in the historic Podil neighbourhood and a fire broke out near one of the city's parks. Debris from downed drones fell on the Darnytskyi, Solomianskyi, Shevchenkivskyi, Sviatoshynskyi and Podil districts, Klitschko and the city's military administration said. In the Shevchenkivskyi district, drone debris sparked a fire in an apartment, which was quickly extinguished. There were no immediate reports of injuries, Popko said on the Telegram messaging app. There was no immediate comment from Russia about the attacks.

President Joe Biden heads to a Vietnam that’s looking to dramatically ramp up trade with the United States

ChatGPT can be hard to measure. But one thing Microsoft-backed OpenAI needed for its technology was plenty of water, pulled from the watershed of the Raccoon and Des Moines rivers in central Iowa to cool a powerful supercomputer as it helped teach its AI systems how to mimic human writing.

G20 Summit remained full of heavy engagements for the world leaders here in New Delhi including the announcement of a historic connectivity deal between India, the Middle East, and Europe. The US, India, Brazil, and South Africa reaffirmed their shared commitment to the G20, which is to deliver solutions for the shared world. Morocco's government said that 2,000 died and 329 were injured after a powerful quake, more than doubling the earlier toll.

India’s real estate sector is poised for remarkable growth, projected to reach a value of US$ 1 trillion by 2030 and contribute 13% to the GDP by 2025, as per the IBEF report. The rebound in 2022, with a 68% surge in home sales across the top eight cities, underlines a resilient comeback. Post-COVID, the sector emerges as a significant job creator, offering diverse opportunities and aiding economic recovery. Amid these dynamics, the pivotal role of repo rates comes to attention.

Moroccan earthquake survivors huddled for a night in the open on the High Atlas Mountains on Saturday, a day after the country’s deadliest quake in more than six decades killed more than 2,000 people and laid waste to villages. Neighbours were still searching for survivors buried on the slopes, where houses of mud brick, stone and rough wood were cracked open and mosque minarets toppled by the quake that struck late on Friday. The historic old city of Marrakech also suffered extensive damage.

earthquake struck Morocco, sending people racing from their beds into the streets and toppling buildings in mountainous villages and ancient cities not built to withstand such force. More than 2,000 people were killed, and the toll was expected to rise as rescuers struggled Saturday to reach hard-hit remote areas. The magnitude 6.8 quake, the biggest to hit the North African country in 120 years, sent people fleeing their homes in terror and disbelief late Friday.

moderate intensity rain with thunderstorms will continue over the national capital and adjoining areas. Light rain lashed several parts of Delhi in the early hours of Saturday bringing temperatures down in the city. In a post on X (formerly Twitter), IMD said, “Light to moderate intensity rain with thunderstorm moderate intensity rain over few places would continue to occur over and adjoining areas of entire Delhi and NCR." According to the weather office, the adjoining areas include Loni Dehat, Hindon AF Station, Bahadurgarh, Ghaziabad, Indirapuram, Chhapraula, Noida, Dadri, Gurugram, Faridabad, Manesar, Ballabhgarh.

Modi Saturday called upon the world community to end the "global trust deficit", saying it was «the time to walk together» as he sought to cast India's presidency of G20 as a stepping stone to the peaceful emergence of a new world order based on mutual trust and universal brotherhood bereft of East-West or North-South divide. Addressing heads of states in the inaugural session of the two-day G20 Leadership Summit in the national capital, Modi exuded optimism that if nations could beat the pandemic by sticking together, they can very well bridge the surge in trust deficit in the wake of the Ukraine war. The Prime Minister also called on the President of the African Union to take a seat among the G20 leaders after they endorsed India's proposal to include the bloc as a permanent member of the grouping. India's proposal was in sync with the principle of togetherness, Modi added. With a miniature Tricolour on his right and the «Bharat» (instead of India) name plank in front of him, the Prime Minister said in Hindi: «Today, Bharat, as the G20 President, calls on the world to first unitedly convert this global trust deficit into confidence and trust.

Morocco on Friday night. This tragic event marked the deadliest earthquake to hit the North African country in decades. Reports indicated that rescue teams were struggling to reach the most affected areas, as roads were blocked by debris. One witness had said, «We were hoping for miracles from the rubble.» Morocco's state TV channel Al Aoula, citing the interior ministry, has reported that the death toll from the earthquake in Morocco now stands at 1,037, with over 1,000 individuals injured. The ministry has also indicated that 721 people are in critical condition. This earthquake marks the deadliest to strike Morocco in many decades.

Homeless encampments have been multiplying across Ontario since the pandemic, but experts say this visible symptom of the national housing crisis has been a long time coming.

An official says that one of Myanmar’s biggest and most powerful ethnic minority militias has arrested and repatriated more than 1,200 Chinese nationals allegedly involved in criminal online scam operations

As they race to capitalize on a craze for generative AI, leading tech developers including Microsoft, OpenAI and Google have acknowledged that growing demand for their AI tools carries hefty costs, from expensive semiconductors to an increase in water ...

Nirmala Sitharaman, said on Saturday. The key achievements of the finance track under the Indian G20 presidency include a plan to strengthen the Multilateral Development Banks (MDBs) to address shared challenges, laying down the building blocks for a globally coordinated policy and regulatory framework for crypto assets, gaining financial inclusion and productivity gains through digital public infrastructure, debt resolution for lower and middle-income countries, and financing cities of tomorrow, among others, the finance minister said.