Citi Financial News

G20 Summit this weekend, it's best to prepare ahead. Delhi Traffic Police has set up tight security measures for this high-profile event, where world leaders like US President Joe Biden, Canada's Prime Minister Justin Trudeau, and others will gather. In view of the G20 summit, citizens of New Delhi have been curious about some common questions such as what remains open and what remains closed during the event.

Kay Kay Menon on Monday said his character in the upcoming series "Bambai Meri Jaan" is of a «multi-layered and complex» cop torn between professional duties and personal commitments. Produced by Excel Media and Entertainment, the 10-part show is created by Shujaat Saudagar and Rensil D'Silva.

Commuter woes are set to mount in the national capital amid the G20 Summit with metro closures, bus diversions and more. Officials have announced the complete closure of one metro station and indicated the possibility of additional curbs. “Delhi Metro services will be affected at the Supreme Court metro station only.

WSB Real Estate Partners has raised over Rs 850 crore through its residential property debt fund WSB Real Estate Debt Fund II (WSBREDF II) surpassing its initial target commitment of Rs 500 crore The total commitment includes the fund and an option to its investors to co-invest in specific transactions. The fund will focus on investing, through structured debt, in residential real estate projects serving the mid-income and affordable housing segment across select tier I cities and look to partner with developers with robust execution and delivery track record. The fundraise has witnessed active participation from including large family offices, corporates, offshore investors, and high networth individuals (HNIs). “This is a testament to the investors’ confidence in our ability to identify and execute real estate opportunities for providing attractive risk-adjusted returns. In the current fund,WSBREDF II, over two-thirds of the fund is deployed across 12 transactions, securing two exits with a 23% gross internal rate of return (IRR),” said Kaushik Desai, managing partner and investment committee member of WSB. The fund has partnered with developers including Bollineni Group, Shapoorji Pallonji and Jain Housing. According to Desai, over 12,000 homes have been developed and delivered through its portfolio projects in the last 4-5 years across over 40 projects. Since its inception in 2013, WSB Real Estate Partners has managed and committed over Rs 2,000 crore of debt capital to the residential real estate space.

Kolkata is emerging one of the major real estate market in the country with growth across segments like Industrial and logistics and office space amongst others. The city has emerged among top three cities for I&L leasing activity in April-June of this year accounting for 8-12% industrial leasing in the country. “The city's strategic location, transportation infrastructure, economic trends, and demand for warehousing contribute to this leasing trend.

Supreme Court. This comes after a letter was sent from DCP Metro to the Chief Security Commissioner, Delhi Metro asking them to close the gates of some metro stations in view of the security concerns. Addressing the Media, Surender Yadav said «Delhi Metro services will be affected at the Supreme Court metro station only. Metro services will continue at all other stations.

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Judo Bank is preparing to tap the securitisation markets for the first time with a $350 million to $500 million deal as it looks to diversify its traditional funding mix of deposits and bank warehouses.

G20 Sherpa Amitabh Kant has underscored the «unique Indian narrative,» India has set during its presidency of the G20 Summit, saying India «truly emerged as the voice of the Global South». In a short video message, shared on X, by the official handle of India's G20 Presidency, Kant said, «So India has built a unique Indian narrative during its G20 presidency.» «India has truly emerged as the voice of the Global South during its G20 presidency and this is the first time that four emerging markets, one after another Indonesia, India, Brazil, and South Africa will hold the G20 presidency and therefore it gives a very massive opportunity to bring all the critical issues of developing countries centre stage, as India has done, and carry them vigorously forward for implementation,» said Kant in the short video message. In the video, India's G20 Sherpa highlighted the issues India focused on during its presidency of the summit like digital public infrastructure, principles of lifestyle for sustainability, traditional medicine, millets, global biofuel and many more. He also mentioned how India, in contrast to other countries, has organised different meetings of the G20 Summit in different states and cities. However, according to Kant, one of the biggest achievements of India's presidency was its focus on women empowerment and gender equality. Kant said that among India's most critical ones was its focus on digital public infrastructure. «Then there's been a lot of focus on traditional medicine.

In the lively city of Bengaluru, it's a common occurrence to witness local residents using social media platforms to search for potential tenants. Recently, a landlord who goes by the username @Bharath_MG posted his property for rent on 'X' (formerly Twitter), and it quickly garnered attention. The property was highly attractive, boasting modern interiors and amenities, which drew Bengalureans to it in droves.

Honda Cars has officially entered the compact SUV segment with the launch of the Elevate SUV. The all new Honda Elevate comes at a starting price of ₹10,99,900 (ex-showroom). Whereas, the top end variant will be available for ₹16 lakh (ex-showroom).

G20 Summit which is to be held in the national capital from September 8 to 10. In total, gates of 39 metro stations that open towards the VVIPS Route will be closed. Additionaly, certain stations including Supreme Court, Janpath, Bhikaji Cama Place, Khan Market, and Dhaula Kuan, have been designated as 'Sensitive' stations. As per a letter of DCP Metro G.

Prime Minister Narendra Modi's government hopes the elaborate effort to make New Delhi sparkle — a “beautification project" with a price tag of $120 million — will help showcase the world’s most populous nation’s cultural prowess and strengthen its position on the global stage. But for many street vendors and those crammed into New Delhi's shantytowns, the makeover has meant displacement and loss of livelihood, raising questions about the government's policies on dealing with poverty. In a city of more than 20 million people, the 2011 census had the homeless at 47,000 but activists say that was a vast underestimate and that the real number is at least 150,000.

Jawan has reached dizzying heights. Nationwide anticipation builds as the film is scheduled to premiere in just three days, triggering a pre-release craze unparalleled even by Khan's earlier blockbuster, "Pathaan." Advance bookings for Jawan have already reached an astonishing ₹16.93 crore, as per Sacnilk. Koimoi's recent estimates point to the film nearly touching the 18.5-crore mark set by Gadar 2 for opening-day advance bookings.

Comex is closed for trading today on account of US Labour day. Gold futures ended at $1,965.35 per troy ounce on Friday, down by $1 or 0.05% while Silver futures closed at $24.530, lower by $0.003 or 0.010%. The DXY was trading at 104.16 against a basket of six top currencies, though the bias ws negative. The October Gold futures had ended with gains of Rs 36 or 0.06% per 10 gram at Rs 59,410 on Friday while the December Silver futures closed lower at Rs 75099, down by Rs 583 per kg or 0.77%. «Gold's value increased during the week due to optimism about the Federal Reserve ending its tightening cycle as the US jobs report showed controlled cooling in the labor market, with solid hiring, slower earnings growth, and more people returning to work,» Neha Qureshi, Senior Technical & Derivative Analyst, Anand Rathi Commodities & Currencies said. On the daily chart, the October Gold contract is showing a pattern of higher highs and higher lows, which indicates a bullish sentiment while the RSI indicator is forming an upward trendline, suggesting that prices might move higher in the upcoming days, Qureshi said. The momentum indicator MACD has shown a positive crossover which signals bullish trends in the gold prices, this analyst said while putting resistance around Rs 59,600 — Rs 60,000 while support at Rs 59,150 — Rs 58,900 levels. Analyst Amit Khare Associate Vice President at Ganganagar Commodity sees some profit booking in gold with momentum indicator RSI indicating the same. His advice to traders is to book their long positions and they can make fresh short positions in gold and silver near a given resistance level.

A Chinese commercial bank has launched new digital yuan-powered recycling rewards programs, with citizens receiving CBDC tokens in exchange for recycling their waste.

Buy or sell stocks for today: Following strong global market sentiments, Indian stock market ended higher on Friday session. NSE Nifty gained 181 points and closed at 19,435 levels, BSE Sensex went up 555 points and ended at 65,387 mark whereas Bank Nifty index finished 446 points higher at 44,436 levels.

CAIRO (Reuters) — Algeria's defence ministry said on Sunday its coastguard fired warning shots before firing directly at a man on a jet ski who entered Algerian waters, in an incident that a survivor said left two dead.

While nothing has been finalised yet, it is understood that officials of Sri Lanka Cricket are in discussions with the meteorological department to learn more about the specific forecast for the coming days. The request to change venues came from the broadcaster, and the shortlisted alternate venues include Dambulla, Hambantota and an extended stint in Pallekele. It’s worth noting that SLC raised the likelihood of rain interrupting cricket, at this time of the year, in Pallekele, suggesting matches be played in Dambulla, a rain-shadow region, instead. However, several stakeholders did not go along with this. But, the uncertainty in this tournament is not limited to the off field action. For India, the latest potential tricky decision is the No. 5 batting slot. KL Rahul, who was cleared to join the team in Sri Lanka — it’s not yet clear which city he will end up in — was the primary wicketkeeping batsman for that position. But, Ishan Kishan put up his hand in such emphatic fashion in the game against Pakistan, that it is impossible to ignore his claims in entirety. Batting at No. 5 in a One-Day International for the first time and also playing against Pakistan for the first time in this format, Kishan walked out to bat after the top order had been shredded.Shaheen Shah Afridi led the carnage, cleaning up Virat Kohli and Rohit Sharma with inswingers after setting them up beautifully. Kishan, known for his attacking style in Twenty20 cricket, has often played too fast and too loose. While he has all the shots in the book, he sometimes also tries to play them all in one innings.

About a third of first-time car buyers in the Indian market now drive home an SUV compared to less than a tenth a decade ago, when hatchbacks ruled the country's roads, according to industry data. The share of additional and replacement buying in the category during this period has fallen to 69% from a whopping 92% in 2014. «There is not only an increased preference for the body type, with the introduction of more compact models there is a price overlap between entry SUVs.

SULAIMANIYA, Iraq (Reuters) -Iraqi security forces deployed in the northern Iraqi oil city of Kirkuk on Sunday to prevent further violence as the death toll in clashes between ethnic groups the previous day rose to four, police and security sources said.