Citi Financial News
10.01 / 14:21
Citi
Diversity
track
Diversity Project eyes expansion of Pathway Programme into the US in 2026
At the launch event on Thursday (9 January) attended by Investment Week, chair Helena Morrissey revealed the third iteration of the programme will also see the first cohort training to become traders. Ten members of the 2025 cohort will be aided by four senior traders in the City to help with the training and curriculum. Diversity Project launches third Pathway Programme with track for traders Around 240 women have taken part in the programme since its inception when including the current cohort, Morrissey noted, with 60 in 2023 and 80 in 2024. Speaking to IW, Morrissey pointed ...
10.01 / 12:59
markets
Citi
Digital
Strategy
Experts
RAI
PAM
Prateek group to invest Rs 1,200 crore in developing residential project in Ghaziabad
Prateek Group will invest close to Rs 1,200 crore to develop its luxury project Prateek Grand Begonia in Siddharth Vihar, Ghaziabad. Spread in 15-acre, the entire development has a revenue potential of Rs 5,000 to 6,000 crore and will have 2400 units in the configuration of 2,3 and 4 BHK. Prateek Group has already delivered a township Prateek Grand City in Siddharth Vihar (Ghaziabad).
10.01 / 12:49
markets
COST
UPS
Citi
pandemic
country
The U.S. has more fancy apartments than it is able to fill
Subscribe to enjoy similar stories. Think 15% vacancy rates are only a problem for owners of office towers? America has a serious housing shortage, but not for the type of apartments that real-estate investors have been building in record numbers. The national vacancy rate for multifamily apartments reached 8% in the last quarter of 2024—higher than it was before the pandemic.
10.01 / 11:39
Citi
Art
community
Celebrity
composer
show
Four reasons to attend the Mumbai Gallery Weekend 2025
Subscribe to enjoy similar stories. For some years now, the Mumbai Gallery Weekend has kickstarted the art season. In 2025 too, the annual cultural fixture is back with 33 participating galleries and a host of new shows.
10.01 / 10:51
markets
UPS
Citi
IPO
Strategy
Philippine fintech GCash hires banks for up to $1.5 billion IPO, sources say
Philippine fintech firm, has hired banks, including Citi, Jefferies and UBS, to work on an up to $1.5 billion domestic initial public offering, three sources with knowledge of the matter said, in what would be the country's biggest ever stock offering. The IPO is expected to take place as early as the second half of 2025 or in 2026, subject to broader market conditions, two of the sources said, declining to be named as the matter was private. If the listing goes ahead it would be Philippines' biggest ever, surpassing the $1 billion IPO of Philippine food company Monde Nissin in 2021.
10.01 / 10:37
COST
UPS
Citi
Waters
innovations
Features
Zero-proof drinks for Dry January
Subscribe to enjoy similar stories. Temperance in the world of cocktails implies drinking with restraint or in moderation. Bartender Pawan Rawat chanced upon the word while crafting the menu for the new bar Hitchens in Mumbai, and adopted it as the name for the zero-proof drinks section.
10.01 / 10:17
markets
Citi
Digital
Strategy
Experts
PAM
Courts
How a lone farmer halted Unitech's construction in Noida project
Unitech's Express City housing project, claiming ownership of a 7,000 square meter plot. Sukhpal Singh asserts the land, located within the project's sectors 96, 97, and 98, belongs to him and was never acquired by the Noida Authority. The project, delayed for nearly a decade due to Unitech's financial and operational issues, resumed construction last September under new management appointed by the Supreme Court. The disputed plot falls within Unitech’s “The Willows” project, which includes developed plots and requires infrastructure like roads. Singh states he notified officials about his plot's location within the project boundary. The district administration demarcated his plot within the project area around 2016-2017. Construction work stalled, leaving his plot undisturbed. Singh noticed excavation for a road on Thursday and halted the work, informing the district administration. “My demand is that either an approach (road to my plot) is provided, or my land parcel is shifted to another portion of the project along the existing road where Unitech has no issue. Since the allotment, we were not able to do farming on this land. But, at the same time, Unitech also did not interfere,” Singh said.
10.01 / 09:33
markets
Citi
Digital
Strategy
Trade
Experts
PAM
Indian Gas Exchange seeks regulatory nod to launch 3-6 month contract
Indian Gas Exchange (IGX) is looking for regulatory approval to launch a 3-6 month gas contract, its chief executive, Rajesh K Mediratta, said on Friday. «We are awaiting a clearance from PNGRB (Petroleum and Natural Gas Regulatory Board),» Mediratta told reporters at a press conference. IGX, a unit of Indian Energy Exchange, currently has intraday, dayahead, daily, and fortnightly contracts.
09.01 / 21:03
Citi
Fighting
Parke
country
social
Videos
mountaineering
Striking ski patrollers at the biggest US resort return to work claiming victory
Two hundred Utah ski patrollers have ended a nearly two-week strike and returned to work at the biggest ski resort in the U.S. The union representing Park City Mountain Resort ski patrollers is claiming victory after voting Wednesday to accept a deal n...
09.01 / 18:15
markets
Citi
Strategy
country
social
travelers
Modi calls on diaspora to aid in, gain from India's progress
Indian diaspora worldwide to actively contribute to and benefit from India's journey towards becoming a developed country. «Every effort by the diaspora contributes to India's progress,» he said while inaugurating the 18th Pravasi Bharatiya Divas convention here.
09.01 / 18:03
markets
Hollywood
Citi
FIVE
Strategy
PAM
evacuation
Los Angeles wildfire scorches 27,000 acres, forces evacuation of over 100,000
Los Angeles plunged into its worst natural disaster in decades as wildfires driven by hurricane-strength wind gusts tore through prosperous neighborhoods, killed at least five people and forced more than 100,000 residents to flee.
09.01 / 16:53
Citi
Man
Virus
hospital
testing
patient
infection
80-year-old man tests HMPV positive in Ahmedabad
human metapneumovirus (HMPV) infection in Ahmedabad city of Gujarat on Thursday, officials said. The patient is currently receiving treatment at a private hospital and he does not have any travel history abroad, a statement issued by the Ahmedabad Municipal Corporation (AMC) said.
09.01 / 14:39
markets
UPS
Citi
security
Analysis
Trade
Experts
Strata gets Sebi license to launch SM-REIT
fractional ownership of commercial real estate, on Friday said it has received the official license from markets regulator Sebi to launch its Small and Medium Real Estate Investment Trust (SM-REIT). The SM-REIT will be named Strata SM REIT, which will enable retail and institutional investors to invest in high-quality commercial assets in major cities. «The company aims to initially launch up to six SM REIT schemes in 2025-26, and gradually increase it to one scheme every month,» Strata said in a statement.
09.01 / 11:35
09.01 / 09:05
markets
Citi
Digital
Career
Strategy
Sustainability
reports
Quick commerce leading the way in creating blue-collar jobs, says report
quick commerce sector alone set to create half a million new jobs, according to a report by Indeed, a global job matching and hiring platform, based on a survey. The report suggests a shift in India’s blue-collar job market. Tier 1 cities such as Chennai, Pune, Bangalore, Mumbai, and Delhi are seeing significant hiring activity as quick commerce expands. Notably, tier 2 cities like Chandigarh and Ahmedabad are also experiencing a rise in job creation, reflecting the growing reach of quick commerce into emerging urban centres.
09.01 / 05:45
markets
Citi
Parke
community
Podcasts
Videos
mountaineering
Ski patrollers reach deal to end strike at Utah's Park City Mountain Resort
Ski patrollers at the biggest U.S. ski resort have reached a deal to end a strike that put a wrench in operations during the busy holiday season
09.01 / 02:41
09.01 / 00:09
markets
UPS
Citi
Provident
FIVE
Aware
Parke
Allcargo looks to unlock value in Gati, taps Avendus for PE raise
Subscribe to enjoy similar stories. Allcargo Logistics Ltd is looking to sell 25-40% stake in its subsidiary Allcargo Gati Ltd which it acquired nearly five years ago, two people aware of the development said. The company has hired investment bank Avendus to scout for investors and is looking at a valuation of $300 million for the subsidiary, the people said.
09.01 / 00:09
markets
UPS
Citi
FIVE
security
Trade
Gift City sovereign green bonds face currency hurdle
Subscribe to enjoy similar stories. Foreign investors in Gujarat's Gift City have yet to warm up to sovereign green bonds five months after the regulatory green light, deterred by their rupee denomination, cooling enthusiasm for green energy, and rising yields in the west. While all Indian government securities are issued in rupees, foreign investors were hopeful that the bonds sold in Gift City would be in dollars.
08.01 / 12:51
markets
Citi
Citizens
Strategy
social
inclusion
This city is India’s most gender-inclusive city for women
Bengaluru edged out Chennai as India’s top city for women, according to the third edition of the ‘Top Cities for Women in India’ (TCWI) report released by workplace culture consulting firm, The Avtar Group.
08.01 / 12:47
markets
UPS
Citi
Digital
Metro
travelers
Features
How tourists and NRIs can use UPI without an Indian bank account to make payments
Subscribe to enjoy similar stories. Imagine landing in India, ready to admire the Taj Mahal, shop in the local markets of Mumbai, take in the stunning views of Manali’s snow-capped mountains or enjoy a peaceful houseboat cruise in the backwaters of Kerala – all without fumbling for cash or worrying if your forex cards will be accepted for payments. Thanks to UPI One World, foreign nationals and non-resident Indians can now make hassle-free payments across India seamlessly.
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