Citi Financial News

05.09 / 07:19
UPS Citi Provident CEO BluSmart crosses annual revenue run rate of Rs 400 crore
EV ride-hailing and charging provider BluSmart on Tuesday said it has crossed annual revenue run rate (ARR) of Rs 400 crore. Operating in Delhi-NCR and Bengaluru, BluSmart has achieved a milestone of 5,000 electric vehicles (EVs). It has also set up over 3,900 EV charging points across 32 charging hubs at key locations in two cities.
05.09 / 06:07
Citi FIVE Baidu stage social Meet Ernie, China’s answer to ChatGPT
premier artificial intelligence (AI) chatbot, which was released to the public on August 31st, reckons that covid-19 originated among American vape-users in July 2019; later that year the virus was spread to the Chinese city of Wuhan, via American lobsters. On matters of politics, by contrast, the chatbot is rather quiet. Ernie is confused by questions such as “Who is China’s president?" and will tell you the name of Xi Jinping’s mother, but not those of his siblings.
05.09 / 06:07
Citi Provident FIVE MakeMyTrip NOT Customers G20 Summit: 'Delhi is not Bandh' Police denies MakeMyTrip's bandh email to customers
online delivery services on September 4 at a press conference, in view of the upcoming G-20 Summit as reported by PTI. On September 3, the Station House Officer of Daryaganj police station in the Central district initially issued an order for the shutdown of shops, offices, and bus depots, but this directive was later withdrawn, reported The Hindu.
05.09 / 05:35
Citi FIVE Digital Progressive track country voice India’s G20 presidency: A look at agenda and proposals for the finance and sherpa tracks
G20 summit in New Delhi from September 9-10. The theme for India's G20 Presidency is 'Vasudhaiva Kutumbakam' or 'One Earth, One Family, One Future'. The country will host over 200 meetings across 13 working groups, 11 engagement groups, five initiatives and eight finance working tracks. ET looks at the agenda, developments, introductions and proposals for the finance and sherpa tracks.
05.09 / 05:07
COST Citi Fighting Metro awards Alimony, maintenance and legal cost in a divorce case will also depend on location of court
divorce case can be very hard on the pocket as well, especially for a person who has to pay not only an interim maintenance but also a big alimony. Since this legal fight often goes on for long, the location of the court where the case is being fought will decide how convenient it is for the parties to attend the hearings frequently.
05.09 / 04:55
Citi Lowe's Metro Silver Gold and silver prices for today—September 5. Check latest rates in your city
₹ 59,347per 10 gm on Multi Commodity Exchange (MCX), and went on to hit an intraday high of 59,384, and a low of ₹59,336. Around 9.10 a.m., MCX Gold for October 5 delivery traded 0.05% per cent lower at ₹59364 per 10 grams.
05.09 / 04:55
UPS Citi Citizens film show social ‘Sleep can wait’: Shah Rukh Khan’s ‘Jawan’ gets 5 AM shows in THIS city
Jawan is set to shake up the traditional cinematic timetable. For the first time in Bollywood history, shows will commence as early as 5 AM on the film's opening day. This has caught the attention of residents across various Indian cities who have been clamouring for similar early screenings.
05.09 / 03:55
Citi Target Orora launches $1.35b equity raise; $450m placement
ASX-listed can and bottle maker Orora launched a $1.345 billion equity raising on Tuesday morning, split across a $450 million institutional placement and an $895 million rights issue.
05.09 / 03:41
UPS Citi FIVE Software Subway country Return-to-office is a $1.3 trillion problem few have figured out
The one thing that has remained stubbornly fraught: the world of work.
05.09 / 03:21
Citi Man SUN Exodus Burning Man revelers begin exodus from mud-soaked festival after rainstorm
Burning Man festival in Nevada finally began heading home on Monday after Mother Nature rained on their big party. With the sun now shining on the colorful makeshift community of 70,000 people called Black Rock City, the roads opened Monday afternoon, kicking off the official exit process known as the "Exodus." "Exodus operations have officially begun in Black Rock City," the festival said in a statement on its website. "The driving ban has been lifted." However, organizers called on visitors to delay their departures from the site -- a dried-up lake bed in a remote patch of the Nevada desert -- until Tuesday to avoid massive congestion on the way out.
05.09 / 03:07
Citi FIVE Amazon Strategy Parke country Mumbai acquires Mirae Asset arm acquires 11-acre pre-leased warehouse in Bhiwandi near Mumbai
Mirae Asset has acquired a pre-leased and income-producing warehousing property spread over 11 acres in Bhiwandi near Mumbai from property and logistics developer BGR Constructions LLP, furthering its investments into logistics and industrial real estate in India. The company’s India arm, Mirae Asset Investment Managers (India), has made this acquisition of a logistics facility in BGR Logistics Park with over 500,000 sq ft leasable area through a category II alternative investment fund (AIF), Mirae Asset Credit Opportunities Fund, for around Rs 175 crore. “This acquisition is in line with our strategy to acquire core assets in tier-1 cities. We will continue to evaluate and invest in such grade-A assets across major warehousing hubs as we expand our presence in India,” Hakim Ronak, head-real estate investments, Mirae Asset Investment Managers (India), told ET. This is Mirae Asset’s second such transaction in the last six months and with this, it now owns around 800,000 sq ft warehousing space with a total investment of over Rs 300 crore in Bhiwandi alone. Prior to this, Mirae Asset had acquired another pre-leased and income-producing warehousing property spread over 10 acres in Bhiwandi with 300,000 sq ft leasable area. “This park provides a competitive edge in terms of its location.
05.09 / 02:53
Citi Waters Mobile G-20 Summit: Delhi deploys mobile de-watering trucks at Raj Ghat, ITPO to avert waterlogging. Details here
G20 summit in Delhi: In order to avert any waterlogging or flood related situation during the upcoming G20 summit, four heavy-duty mobile de-watering trucks, borrowed from Ahmedabad have been deployed at ITPO and Raj Ghat areas. According to an official statement issued by the Lieutenant Governor (LG) office, these vehicles are equipped with high-capacity suction pumps have been brought in by the Delhi Fire Services (DFS) to deal with any contingency like the one recently, where the area in and around the Raj Ghat and ITPO were submerged after heavy rains.
05.09 / 02:53
UPS Citi IPO country Hero MotoCorp to invest additional ₹550 crore into Ather Energy
₹550 crore in Ather Energy, the company said in an exchange filing. The company's board, at its meeting held on September 4, 2023, has approved an investment of up to ₹550 crore in the Rights issue of Ather Energy. The investment is subject to the execution of definitive documents and completion of certain conditions customary to a transaction of this nature, it added.
05.09 / 02:53
Citi Yellow Telangana rains: Hyderabad witnesses severe waterlogging amid heavy rainfall; IMD issues yellow alert
Hyderabad rains: Heavy rains in Hyderabad caused severe waterlogging and traffic congestion in the city. The India Meteorological Department (IMD) has issued a yellow alert issued in the city today.
05.09 / 02:53
Citi Provident FIVE show services G20 Summit 2023: Delhi Police imposes restrictions on online delivery services with exceptions for essentials
airport or railway stations will be required to show valid identification and boarding passes as part of the security measures. On September 3, the Station House Officer of Daryaganj police station in the Central district initially issued an order for the shutdown of shops, offices, and bus depots, but this directive was later withdrawn, reported The Hindu.
05.09 / 02:17
Citi Cooper Aware country G20 2023 Summit: What is the G20 and what are the key issues for the 2023 summit?
G20 Summit, scheduled to commence in India's capital, New Delhi, on September 9. This marks the first occasion that India plays host to this formidable assembly of global leaders.
05.09 / 02:17
UPS Citi Provident Lowe's Waters Mobile Lake Belton water quality concerns spike among residents after discovery of 300 tires; Know what happened
Texas has cast an unexpected spotlight on Lake Belton, revealing a trove of submerged items that have raised concerns among residents. As the water recedes, it has unveiled over 300 tires, prompting the community to mobilize for their removal and raising questions about the lake's safety. In this article, we delve into the situation at Lake Belton, exploring the origins of these tires, concerns regarding their environmental impact, and the community's cleanup efforts.
05.09 / 01:21
Citi Provident Target CEO Delhi Police conduct vehicle checking ahead of G20 summit
Delhi Police have started conducting vehicle checking at various locations across the national capital ahead of the upcoming G20 summit on September 9 and 10 here. Surprise checks were conducted at India Gate and other parts of the city between Monday night and early hours on Tuesday. Police personnel were seen conducting thorough inspections by halting vehicles. Earlier on Monday, Union Minister of State for External Affairs and Culture Meenakashi Lekhi said that paramilitary forces, Delhi police and several other people are engaged in providing security at the G20 Summit. «So I must say that so far as safety, security, et cetera are concerned, that arrangement is being looked after by various departments, including paramilitary forces, Delhi police and several other people are engaged in that process,» Meenakashi Lekhi said while speaking to ANI. She also highlighted the diversity of the G20 Summit, held under India's presidency, saying, «We've had about 52 locations and 250 plus events. So 250-plus conferences is not a joke to handle.
05.09 / 01:21
Citi Provident Waters Remark Celebrity rapper Kanye West and Bianca Censori banned by Venice boat company; Here’s the reason
Bianca Censori, have reportedly faced consequences following a recent boat ride in Venice. The incident has led to their banishment from a prominent boat company in the city. This article delves into the details of the incident, the boat company's response, and provides background information on Kanye West's controversial history. At the end of August, Kanye West and Bianca Censori were photographed enjoying a boat ride in Venice. However, some of these pictures depicted the pair in a compromising position. West, 46, was captured with his trousers down, exposing his backside, while Censori, 28, appeared to be positioned between his legs.
04.09 / 19:47
Citi Hong Kong saw hottest summer on record in '23
Hong Kong experienced its hottest summer on record this year, with the city seeing «record-breaking» temperatures, the government said Monday, the latest region to experience the impact of a warming planet.Climate change has fuelled searing temperatures across the globe already this year, with India, Japan and Australia last week announcing recent temperature records toppled. In the semi-autonomous Chinese region of Hong Kong, officials declared on Monday that «together with the exceptionally hot weather in June and July, Hong Kong experienced the hottest summer on record from June to August 2023». The city recorded a monthly mean temperature of 29.7 degrees Celsius (85 degrees Fahrenheit) last month, the hottest August on record, according to the Hong Kong Observatory. This year also saw the third-hottest July and fourth-hottest June since records began in 1884. The top three warmest years in Hong Kong's history were all recorded after 2018. August was also «much drier than usual with a total rainfall of 5.5 inches,» the Observatory added.
04.09 / 19:07
Citi Provident Booking Aware Parke Indus Adani & JSW arms, TVS keen to buy warehouse company Renaissance Indus Infra
Adani Logistics, Sajjan Jindal-owned JSW Jaigarh Port, TVS Group, and Welspun Group have shown interest in bidding for Renaissance Indus Infra, a warehouse and industrial park developer undergoing insolvency process, said people aware of the development. Two special-purpose vehicles floated by promoter Mayur Suchak's Renaissance Group are undergoing insolvency. These are Renaissance Indus Infra which is involved in warehousing and industrial development in or around Bhiwandi, Mumbai and Renaissance Urban Infra which is engaged in the business of infrastructure developments and creation of industrial smart cities. IIFL Facilities Services; Authum Investment and Infrastructure, which recently acquired assets of Reliance Home Finance and Reliance Commercial Finance; and JC Flowers Asset Reconstruction Company, which acquired Yes Bank's ₹48,000 crore distressed assets portfolio, also submitted expressions of interest (EoI), said one of the persons cited above. Clearwater Capital Partners Singapore Fund and Catalyst Trusteeship are the only two creditors for the Renaissance Group's SPVs admitted for corporate insolvency. Ares SSG Capital is the sole bondholder for which Catalyst is the debenture trustee. The lenders are working on group resolution although both cases were admitted separately by the National Company Law Tribunal.

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