Citi Financial News

The Middle East is home to some of the world’s largest sovereign wealth funds. Overseeing close to $3 trillion of assets, these investing giants have become key players in global dealmaking. 

Modi on Wednesday remarked that the magnificent Nataraja statue at Bharat Mandapam brings to life aspects of India’s rich history and culture. Sharing a post on the social media platform, X, by Indira Gandhi National Centre for Arts, the Prime Minister said, “The magnificent Nataraja statue at Bharat Mandapam brings to life aspects of our rich history and culture. As the world gathers for the G20 summit, it will stand as a testament to India's age-old artistry and traditions.” The World’s largest Nataraja statue made from ‘Ashtadhatu’ (eight metals) was installed in front of Bharat Mandapam on Tuesday, which is the venue for the G20 summit in the national capital. The statue is 27 feet tall and weighs around 20 tons which has been made from lost wax technique. Notably, the Nataraja sculpture is an iconic representation of Lord Shiva, which holds immense artistic, religious and spiritual significance. In this statue, Lord Shiva is presented performing the dynamic dance posture called tandava, which exudes energy and vitality. The Nataraja statue is created by the traditional Sthapatis of Swamimalai in the traditional lost wax casting process following canons and measurements as mentioned in Silpa Shastra, which have followed in the making of Nataraja since the Chola period, i.e., 9th century AD onwards. The statue is made with eight metals namely; copper- 87 per cent, zinc- 10 per cent, lead- 3 per cent, tin-trace quantity, silver-trace quantity, gold-trace quantity, mercury-trace quantity, and iron as support India is all set to host the G20 Summit scheduled to be held in New Delhi from September 9-10.

G20 Summit: Delhi Metro services from September 8 to 10 will commence at 4 am from the terminal stations on all lines of the network officials said on September 6, reported PTI. This early start is aimed at facilitating the movement of individuals, police personnel, and staff from other assisting agencies responsible for maintaining security, law and order, and traffic arrangements during the G20 Summit. Furthermore, parking facilities at Supreme Court, Patel Chowk, and RK Ashram Marg metro stations will remain closed from 4 am on September 8 until noon on September 11.

Britain's second-largest city has reportedly declared itself bankrupt and has shut down all non-essential spending after being issued with equal pay claims totaling up to £760 million ($956 million). According to a report by CNN, the deficit arose due to difficulties paying between around $816 million and around $954 million in equal pay claims.

Paytm share price rose over 2 per cent in intraday trade on BSE on Wednesday, looking set to extend gains into the second consecutive session, boosted by the company's business updates for the month of August. One97 Communications Ltd, the parent of Paytm, reported a 20 per cent year-on-year (YoY) growth in average monthly transacting users at 94 million in the July-August period from 79 million in the same period last year. Besides, Paytm said in a statement that it disbursed loans worth ₹5,517 crore ($667 million) in August through its lending platform.

Bengaluru has triggered a meme frenzy on social media after he significantly raised the rental price for his 2BHK flat. It all started when the landlord, who goes by the username @Bharath_MG on social networking site X (formerly Twitter), shared the details of the 2BHK flat's availability on the internet. The advertisement said that for a monthly rent of Rs 45,000, potential tenants could secure a stylish property on Indiranagar's prestigious 80-feet road.

G20 Summit: Delhi is gearing up to host the mega e... moreG20 Summit: Delhi is gearing up to host the mega event on September 8-10. Preparations are in full with beautification of the city with plants, sculptures, fountains and wall paintings.

Narendra Modi, in a recent interview with Moneycontrol, shed light on India's unique approach to its G20 Presidency, terming it the 'People's Presidency'. The PM emphasised the importance of democratising the G20 events by hosting them across the nation, rather than limiting them to a few cities. The motto of the G20 Summit, according to him, is “Vasudhaiva Kutumbakam – One Earth One Family One Future".

Parineeti Chopra and Raghav Chadha are all set to tie the knot on September 24. After an intimate engagement in Delhi on May 14, it appears the Punjabi wedding will also be a quiet affair which will be attended by their family and close friends. According to a Bombay Times report, the couple have finalised a luxury property Hotel Leela Palace in Udaipur for their wedding venue. The property is located on the banks of Lake Pichola, which will add to the perfect wedding aesthetics. Before RagNeet, famous personalities like Raveena Tandon, Neil Nitin Mukesh, Telegu actress Niharika Konidela, entrepreneur Isha Ambani and many other picked Udaipur for their nuptials. Earlier this year, cricketer Hardik Pandya and his wife Natasa Stankovic also renewed their wedding vows in the lake city. Chopra was recently spotted at the airport dressed in a comfortable baby pink co-ord set.

G20 Summitwhich is scheduled to take place on September 9 and 10. According to the notification, vehicles including goods vehicles, commercial vehicles, interstate buses, and local city buses, will not be allowed to operate on Mathura Road (beyond Ashram Chowk), Bhairon Road, Purana Quila Road, and inside Pragati Maidan Tunnel from midnight on September 7 until 11:59 PM on September 10.

G20 Summit, reported ANI. As per the notification, various vehicle types, including goods vehicles, commercial vehicles, interstate buses, and local city buses, will not be allowed to operate on Mathura Road (beyond Ashram Chowk), Bhairon Road, Purana Quila Road, and inside Pragati Maidan Tunnel from midnight on September 7 until 11:59 PM on September 10. However, goods vehicles transporting essential commodities such as milk, vegetables, fruits, medical supplies, and others with valid 'No Entry Permissions' will be permitted to enter Delhi.

By Elida Moreno

In early 2019, Wyoming enacted legislation authorizing the creation of state-chartered banks catering to firms doing business with bitcoin and other cryptocurrencies. The banks would serve as custodians of digital assets and take dollar deposits, forming a bridge between cryptocurrency and dollars for firms to make payroll and payments, or help realize crypto investment gains or losses. Four years later, the Cowboy State’s experiment with state-chartered crypto banking has gone slower than expected.

A Milwaukee suburb is finally set to start pulling millions of gallons of water a day from Lake Michigan after years of seeking approval

Egypt has resumed direct commercial flights to Sudan for the first time since a devastating war broke out between Sudan’s rival generals nearly five months ago

New Delhi has gotten a makeover ahead of this week’s summit of the Group of 20 nations

America is in the midst of a police officer shortage

Warner Bros

A federal judge in New York City has ruled that evidence shows a company whose after-market triggers can make semiautomatic AR-15-style rifles fire like automatic weapons fraudulently misled consumers that the devices were legal

MEXICO CITY (Reuters) — Mexican inflation likely slowed in August for the seventh straight month, with the closely watched core index expected to return to 2021 levels, a Reuters poll showed on Tuesday.

Can and bottle maker Orora’s $1.35 billion equity raising to buy France’s Saverglass had been expected since August 27, but it still managed to make fund managers uneasy when it finally kicked off on Tuesday morning.