Citi Financial News

03.09 / 09:43
Citi FIVE CEO Strategy IKEA country expansion Ikea eyes omnichannel expansion and local sourcing in India
Ikea is embarking on a multifaceted expansion strategy in India as it enters its second phase of growth in the country. The company's plans include diverse retail formats, online operations in Delhi-NCR by the end of 2024, and increased local sourcing to make its products more affordable for Indian consumers. Susanne Pulverer, CEO of Ikea India, emphasized the company's commitment to long-term growth in the Indian market.
03.09 / 09:05
Citi Progressive stage country beautiful PM Modi says natural to hold G20 event in every part of country; dismisses China's objections over Kashmir, Arunachal
Narendra Modi has said it is natural for India to hold G20 meetings in every part of its territory as he dismissed Chinese objections over some of the events being organised in Kashmir and Arunachal Pradesh. As part of its efforts to showcase India's cultural and regional diversity at a global stage, the Modi government has hosted G20 events across the country's length and breadth.China, a G20 member, and Pakistan, which is not a member of the bloc, had objected to the decision to hold one of the events in Kashmir, which they call «disputed». China also disputes India's sovereignty over Arunachal Pradesh.
03.09 / 04:55
COST Citi Waters CLAM Shell show Traditional fish markets are a sustainable solution to tackle climate change challenges
It was just after Narali Purnima, when fishing communities make offerings to the sea to mark the start of a new fishing season. Monsoons no longer fit old calendar dates, but fishermen are ready to risk the seas again, to go fishing after the enforced closed season.
03.09 / 03:41
Citi BLOCK Highways Curfew imposed in Iraq's Kirkuk city after rival protests turn violent
Al Jazeera reported as quoted by ANI. Iraq's Prime Minister Mohamed Shia al-Sudani ordered a curfew in Kirkuk and “extensive security operations in the areas affected by the riots", a statement from his office said on Saturday. A local official said that one civilian was killed and eight were injured, after days of brewing tensions in Kirkuk, which has historically been disputed between the federal government in Baghdad and the authorities in the autonomous Kurdish region in the north.
03.09 / 03:19
UPS Citi Provident BLOCK cover Inside Life inside the 'hijacked' Johannesburg building where scores burned alive
Johannesburg, Sihle Dube had rented a tiny room from someone who didn't actually own it, in a rundown building that was becoming a trash-strewn haven for drugs and crime. On Thursday, he awoke to a bang at 2 a.m. — one of the few things he would remember about that night was seeing the time on his phone — and jumped up to check the entrance to his apartment. Smoke came billowing in. «It was unbearable; I couldn't breathe,» he said, covering his mouth for emphasis as he lay in a hospital bed the next day. Dube scrambled into his trousers and tried to climb out of his first floor window, but he slipped on a satellite dish, fell and blacked out.
03.09 / 03:19
Citi Airlines Southern Thousands evacuated, flights cancelled as Taiwan girds for Typhoon Haikui
Taiwan girded for the arrival of Typhoon Haikui on Sunday, which is expected to bring torrential rain and strong winds to the island's south and east. Haikui is forecast to make landfall in the mountainous and sparsely populated far southeast of Taiwan late Sunday afternoon, with counties and cities in the east and south cancelling classes and declaring a day off for workers. Haikui is a much weaker storm than Typhoon Saola which hit Hong Kong and the southern Chinese province of Guangdong on Saturday.
03.09 / 03:19
Citi BLOCK stage Iraq declares curfew in northern province after ethnical clashes
Iraq has declared a curfew in the ethnically-mixed city of Kirkuk in northern Iraq after clashes involving Kurds, Arabs and Turkmens. Iraqi Prime Minister Mohammed Shia' al-Sudani, who also leads the Iraqi armed forces, on Saturday ordered the curfew in Kirkuk province and initiated search operations in the areas that had witnessed riots, Xinhua news agency reported. Al-Sudani stressed that the security forces «must be firm in arresting anyone who dares to tamper with the security of Kirkuk, from any party, and not allow the carrying of weapons at all, except for the security services,» according to a statement released by the Iraqi armed forces. The disturbance erupted on Saturday when Arabs and Turkmens protesting the planned return of the Kurdistan Democratic Party (KDP) to its old headquarters in the city of Kirkuk, nearly 250 km north of Baghdad, clashed with Kurds at the site.
03.09 / 02:45
Citi Reuters Action Airlines Southern Mass evacuations and flight cancellations as Taiwan braces for Typhoon Haikui
domestic flights and the evacuation of nearly 3,000 individuals. The typhoon is anticipated to bring heavy rainfall and powerful winds to the southern and eastern regions of the island. Haikui is predicted to hit the remote and thinly populated southeastern part of Taiwan, characterized by mountainous terrain, during late Sunday afternoon.
03.09 / 02:45
Citi Booking film Actor star social Shah Rukh Khan’s ‘Jawan’ film earns a whopping amount in advance booking on day 1. Here's how many tickets sold
₹7.85 crore in advance bookings on the first day. “India Wide, All Theatres, SOLD Tickets - 2,32,900, Gross - ₹7.85 cr," Vijayabalan wrote in a post on X (formerly Twitter). On Friday, the ticket prices have soared as high as ₹2,400, but that's not deterring King Khan's loyal fans.
03.09 / 00:51
UPS Citi Digital Manufacturing CEO Hyundai electronic Why Tamil Nadu is all charged up on EVs
India manufacturing foray is being closely watched, India’s ambition to be on the global EV manufacturing map is palpable. While every state wants a piece of the EV pie, there is one that has had its eyes firmly set on the space for a while — Tamil Nadu. Being the home for several traditional auto manufacturing players and component manufacturers, Tamil Nadu is also the hotbed for innovation in the electronics space and boasts some of the biggest players in the ecosystem.
03.09 / 00:33
UPS Citi Provident MCD show country Kejriwal's 'don't do blame game ahead of G20' appeal to LG: ‘Had BJP...’itled Story
Arvind Kejriwal said it is no time for blame game as international guests will be coming to the city. Saxena, in an interview with PTI earlier in the day, said the preparatory work for the G20 summit would have taken lesser efforts had the city government worked throughout the last nine years. “Lesser efforts would have been reqd (required) had MCD under BJP worked for 15 years.
03.09 / 00:33
UPS Citi Metro Celebrity country Flying out of Delhi amid G20 Summit? Police explain how one can easily reach airport
G20 Summit scheduled on 8th, 9th and 10th September, travelers to the AGI Airport can use metro services to go to the airport from the nearest metro station. The Delhi Police tweeted guidelines on Saturday amid increasing commuter concerns. The Country's capital has been preparing for the G20 Summit with much pomp and splendor and are looking forward to hosting world leaders and their spouses, celebrating India's rich culture and cuisine.
02.09 / 21:49
COST UPS Citi Airlines show Flight data shows airlines can’t keep blaming the weather
Planes operated by Qantas and its budget subsidiary, Jetstar, accounted for almost two-thirds of the flight cancellations that were not caused by bad weather or air traffic control issues on the busy Sydney-Melbourne route in June, new data from Sydney Airport has revealed.
02.09 / 21:49
Citi Digital Entertainment Actor love NXT Rollins WWE Payback 2023: Will John Cena be present at the event tonight? Here’s what he said
WWE Smackdown in Hershey, John Cena made a grand entrance to a roaring ovation from the crowd. The former 16-time WWE World Champion, known for his charisma and in-ring prowess, has exciting news for wrestling fans. Cena himself has confirmed his presence as the host of WWE Payback, an announcement that left fans buzzing with anticipation. But hosting a WWE event is a role he openly admitted he isn't accustomed to. During his Smackdown promo, Cena took a moment to express his heartfelt gratitude to the WWE Universe. He acknowledged the unwavering love and support he has received from fans over the last two decades, emphasizing his intention to reciprocate the goodwill by saying «thank you» in his own way throughout his appearances.
02.09 / 19:01
UPS Citi Cooper Delhi govt sold over 61 cr liquor bottles, earned Rs 7,285 cr last year: Officials
excise policy (old) currently under operation since September 1, 2022, was brought by the Delhi government after its ambitious new excise policy for 2021-22 came under the CBI scanner for alleged irregularities in its implementation. The total excise revenue collection from September 1, 2022, to August 31, 2023, was Rs 7,285.15 crore, including Rs 2,013.44 crore collected as value-added tax (VAT), said an Excise Department officer. In comparison, the revenue collection from the new excise policy was Rs 5,487.58 crore in 2021-22. The new excise policy, under which private parties were involved in retail liquor sales, was withdrawn by the Delhi government last year after LG VK Saxena recommended a CBI probe into alleged irregularities in its implementation, officials said. The then deputy CM and Excise Minister Manish Sisodia was arrested by the CBI in a case registered by it in the alleged irregularities in the excise policy 2021-22.
02.09 / 19:01
UPS Citi FIVE Subway Workday country NY's empty offices may lead to urban doom loop: Experts
About a year and a half after Mayor Eric Adams chided workers — «You can't stay home in your pajamas all day!» — New York's offices in late August were under 41% of their pre-pandemic occupancy. Just 9% of the city's office workers were going in five days a week at the start of the year, according to the Partnership for New York City. Remote-work levels crisscrossing the country are more mixed, with just under one-third of America's workdays now done from home. But in New York, the broad feeling across offices is one that locals know well: It's like sitting on the subway waiting to get somewhere and then feeling the car lurch to a stop.
02.09 / 15:21
UPS Citi To go Baalbek-packing in 'another' Lebanon
Beirut in Lebanon in April this year, I found myself thinking of the first time I saw footage of the August 2020 explosion of a large amount of ammonium nitrate that had been stored at the Beirut Port. A billowing cloud of toxic smoke, the flames of a fierce fire lapping its bottom and nightmarishly pushing it upwards. Earlier that day, a taxi driver, while crossing a flyover, had pointed at the silos that were at the centre of the explosion, now as instantly recognisable as Hiroshima's Genbaku/Atomic Bomb Dome. Staying in downtown Beirut, three years later, the devastation is still visible to this day.
02.09 / 14:41
Citi PEP performer cover Premier League Man City vs Fulham live streaming: Here are all options to watch the Premier League game
City is set to face Fulham in their last Premier League match before the upcoming international break. Thus far, Manchester City has maintained an impeccable Premier League record this season, securing victories against Burnley, Newcastle United, and Sheffield United in their previous matches. Fulham, on the other hand, has also demonstrated a strong start to the season, remaining undefeated in league competition. Despite playing with 10 men, they managed to secure a 2-2 draw against Arsenal in their last outing. Additionally, Fulham had a noteworthy performance in the Carabao Cup this week, eliminating Tottenham in a penalty shootout. In the previous encounter against City last November, Fulham narrowly lost due to a 90th-minute penalty from Erling Haaland. Therefore, they aim to pose a formidable challenge to Pep Guardiola's team once again.
02.09 / 08:29
UPS Citi Digital AXY Customers How Bank of Baroda customers can scan UPI QR code and pay via digital rupee
digital currency available in their digital rupee [CBDC-R] wallet and scan to pay across any UPI QR code. Similarly, merchants need to only display their existing single QR code, which can accept payments in both CBDC and UPI.
02.09 / 06:35
Citi FIVE events Chhattisgarh Assembly Election 2023: Amit Shah, Rahul Gandhi to attend public events in poll-bound state
Rahul Gandhi will address public meetings in poll-bound Chhattisgarh on Saturday where assembly elections are due by the year-end. This is the first time that the events of the two senior leaders belonging to rival parties are coinciding on the same day in the Congress-ruled state ahead of polls. While Shah will attend two functions, one in Raipur and the other at Saraipali in Mahasamund district, Gandhi will address a program of Rajiv Yuva Mitan Club in Nava Raipur – the upcoming new capital city of Chhattisgarh.
02.09 / 06:35
Citi SUN Corona performer country Solar Aditya- L1: ISRO's maiden solar mission receives religious blessings, havan in Varanasi ahead of launch
Aditya L1 solar mission: Ahead of the imminent launch of India's Aditya L1 solar mission, 'havan' was performed in Varanasi minutes before the launch to invoke success for the country's maiden solar venture. The launch will be broadcasted live at the BM Birla Planetarium in the city, according to an official statement. Space enthusiast Bama, who travelled from Chennai to the Satish Dhawan Space Centre to witness the historic launch, expressed her overwhelming excitement.

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