Citi Financial News

The competition watchdog’s investigation into Qantas flights has revealed that 15,000 Qantas and QantasLink flights were cancelled between May and July 2022 – more than treble the 4149 cancellations publicly reported by the government over the same period.

Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. The Indian economy reported a strong performance in the quarter ended June on the back of services sector growth, while the government announced a price cut of ₹200 on LPG gas cylinders. Maruti Suzuki is planning to invest ₹45,000 crore to boost production.

NEW DELHI : Centre will unveil a new interest subvention scheme for urban housing in September, union minister for housing and urban affairs Hardeep Singh Puri said. Addressing a press conference, Puri said the scheme is almost ready. “We are fleshing out the details of the scheme and then it will be in public.

₹1 crore minimum investment requirement is an entry hurdle, attracting only sophisticated investors looking for a bespoke investment strategy. Over the previous seven years, the AIF category in India has increased tenfold, with assets under administration totalling ₹7 trillion, according to the Indian Association of Alternative Investment Funds (IAAIF). These investments often have a 10-year time horizon, necessitating financial advisors’ continuous engagement with investors to manage expectations.

Marriott International, the world's largest hotel chain in terms of number of rooms, will shoot well past a billion dollars of top line revenue in India this year. Rajeev Menon, president, Asia Pacific (excluding China) at Marriott International, told ET in an exclusive interview. He added that the country is a 'decades-long' growth story. «It will be ₹9,000 crore of top line revenue.

A judge has denied a request by defense lawyers to release disgraced former FTX CEO Sam Bankman-Fried from jail to help him prepare for the upcoming court case.

By Engen Tham, Julie Zhu and Clare Jim

South Korea, home to the industrialized world’s lowest birthrate, is having even fewer babies. The country’s downward demographic spiral has come even after years of aggressive government subsidies, low-cost loans and cash payouts meant to entice young people to get married and start families. South Korean President Yoon Suk Yeol wants to pay households even more to have a child.

By Xie Yu, Clare Jim and Li Gu

all-India House Price Index (HPI) rose by 5.1 per cent in the April-June quarter of 2023-24 as compared with 3.4 per cent a year ago, according to data released by the Reserve Bank of India on Thursday.

Hindustantimes.com quoting Ashwan Singh, who works at Liquor Library 1 in Gurugram Sector 56, “There has been a 20% increase in walk-in customers since August 22." “People are thinking ‘Khatam na ho jaye’. Ya phir unhe lag raha hai ki sab jagah theke band ho jayenge is time period mein. This is not true yet customers have been flocking the store, and there has been a non-stop rush for an assortment of hard liquor bottles," Singh said in the report.

Claire Coutinho, a close aide of British Prime Minister Rishi Sunak, got a big promotion as his new Energy Security and Net Zero Secretary in a mini reshuffle on Thursday. Coutinho, 38, becomes the second Goan-origin minister after Home Secretary Suella Braverman in the Sunak Cabinet and has a tough brief ahead of her as energy costs have been soaring in the wake of the Russia-Ukraine conflict. She has committed herself to work on safeguarding energy security and reducing bills for families struggling with a cost-of-living crisis. In her first Cabinet role, Coutinho replaced Grant Shapps after he was promoted to the post of Defence Secretary following the resignation of Ben Wallace. «I am delighted to have been appointed Secretary of State for Energy Security and Net Zero.

Devendra Fadnavis on Thursday called the opposition bloc INDIA an “agenda-less” alliance and said its only aim is to unseat Prime Minister Narendra Modi, while state BJP chief Chandrashekhar Bawankule called it a “pack of animals”. As many as 63 representatives from 28 political parties will attend the meeting of the Indian National Developmental Inclusive Alliance (INDIA) on Thursday and Friday at Grand Hyatt Hotel in Mumbai. Speaking to reporters, Fadnavis said, “INDIA alliance is agenda-less. Their only agenda is to remove Modi from his post.” “Once Modi finds a place in people's minds, not 36 but even if 100 parties come together, they cannot remove him.

By Marco Bello, Maria Alejandra Cardona and Steve Gorman

By Stella Qiu

G20 Summit are “factually not correct" As a number of heads of States are coming and international organisations are joining, the Delhi Police have made a “Controlled zone" in the New Delhi district, said Delhi Police PRO Suman Nalwa. The police have also advised people to travel by Delhi Metro. “Regarding the G20 summit, rumours are spreading that Delhi will be under lockdown at that time.

Jeff Brown wakes up early summer mornings, grabs his paddle board and heads off into the waves in front of his waterfront home in Collingwood, Ont. It is a cherished ritual, and among the perks of being semi-retired at age 64 and residing in a community of like-minded go-getters whose working days tend to be mostly behind them, so they don’t spend a whole lot of time talking about what they once did to earn a living.

The banking co-operative in June announced that it was working with more than a dozen financial institutions and market infrastructures to test the use of its messaging network as a means to instruct the transfer of tokenised value over a range of public and private blockchain networks.Participants in the project include Australia and New Zealand Banking Group Limited (ANZ), BNP Paribas, BNY Mellon, Citi, Clearstream, Euroclear, Lloyds Banking Group, SIX Digital Exchange (SDX) and The Depository Trust & Clearing Corporation. Web3 services platform Chainlink was used as an enterprise abstraction layer to securely connect the Swift network to the Ethereum Sepolia network, while Chainlink’s Cross-Chain Interoperability Protocol (CCIP) enabled interoperability between the source and destination blockchains.Transfers of simulated tokenised assets took place - between two wallets on the same public distributed ledger technology network; between two wallets on different public blockchains; and between a public and private blockchain network.Tom Zschach, chief innovation officer at Swift says the findings have the potential to remove significant friction slowing the growth of tokenised asset markets and enable them to scale globally as they mature."For tokenisation to reach its potential, institutions will need to be able to seamlessly connect with the whole financial ecosystem," he says.

(Reuters) — Over 300,000 homes and businesses were still without power along the U.S. East Coast from Florida to North Carolina after hurricane Idalia battered the region overnight, according to data from power outage tracker PowerOutage.us.

Union Housing and Urban Affairs ministry said on Thursday. Addressing a press conference, Minister Hardeep Singh Puri said the modalities of the scheme are being worked out. «The scheme to provide relief in interest on bank loans for those looking to own houses in cities will be launched in September,» Union Housing and Urban Affairs Ministry Secretary Manoj Joshi said. During his Independence Day speech, Prime Minister Narendra Modi announced the scheme for middle-class families who live in cities but do not own a house. «Middle-class families are dreaming of their own house in cities.

Real Estate Development Council has forecast that India's GDP could grow to a size of $33 trillion to $40 trillion by 2047, with the real estate sector estimated to contribute over 15%, amounting to $5.8 trillion. The report has also projected a need for 230 million residential units by that year. One might or might not accept these precise figures.