Citi Financial News

Employment growth in the world’s largest economy probably cooled and wage increases moderated in August, suggesting a further tempering of inflation risks that reduces the urgency for another Federal Reserve interest-rate hike.

The financial capital of India has recorded the sixth highest year-on-year growth in prime residential property prices among global cities in the April-June period of 2023. In the second quarter of 2023, the prices of prime residential properties rose by 5.2 per cent year-on-year in Mumbai.

Reliance Industries Chairman Mukesh Ambani on Monday informed investors that the valuation of Reliance Retail rose to Rs 8.28 lakh crore today, from Rs 4.28 lakh crore in 2020. Reliance Industries Ltd (RIL) recently announced that Qatar Investment Authority (QIA) will invest Rs 8,278 crore in its subsidiary Reliance Retail Ventures for a 1 per cent stake. In 2020, Reliance Retail Ventures raised Rs 47,265 crore by selling a stake to various global investors.

₹200 per kg since June, while those for onions, another staple in Indian cooking, have risen 80% in some areas like New Delhi. Food inflation for July hit a staggering 11.5%, far more than 4.6% in June and marking a three-year high. As purse strings tighten, the pain felt by India's clothing and shoe retail sector - worth an estimated $62 billion in 2022 according to Euromonitor International.

Krishna Nagar area of Shimla city, where a slaughter house was buried under debris leaving several animals dead, has been declared as a containment zone in view of the risk of spread of disease.

Jaipur, a pet dog named Popcorn was snatched away during an evening stroll, which prompted an exhaustive four-day police search involving the meticulous review of approximately 200 CCTVs and the thorough examination of 20 hotels, stated a TOI report. The three-year-old Shih Tzu named Popcorn was successfully located on Saturday. The search of the missing canine not only resulted in finding Popcorn but also unearthed a gang of wanted vehicle thieves.

child into school. Taking to social media, BharatPe cofounder Ashneer Grover addressed the biggest pain point for many parents on X (formerly known as Twitter) on Monday. The 41-year-old said that getting admission for a four-year-old in the Nursery of a reputed private school is more difficult than cracking the entrance of the Indian Institutes of Technology (IIT). Grover is an alumnus of IIT-Delhi. The entrepreneur-turned-author said that the problem was evident in the Delhi-National Capital Region, which comprises cities like New Delhi, Gurugram, Noida, Greater Noida, Faridabad, and Ghaziabad. In his post, he said that every parent in Delhi-NCR must have gone through admission struggles in the last 10 years to get their child into a coveted private school. «It’s tougher to get your four-year-old kid admission in Nursery in your preferred private school than it is to enter IITs.

murder that might have been misjudged as a natural death was brought to light through an unexpected source: an automatic call recorder. The victim's family was led to the perpetrators and their intricate scheme, thanks to this technological twist. Kiran Yadav, aged 35, meticulously orchestrated the murder of her husband, Hakim Singh Yadav, through phone conversations with her boyfriend, Deepu Shakya, aged 20, just a mere 12 days into their long-distance relationship.

A recent report by Redseer Consulting estimated that India’s ecommerce market is expected to reach $163 billion by 2026 and online sales will account for over 25% of the sales across major retail categories barring grocery, by 2026. This phenomenal growth is propelled by several catalysts, most notably the expanding middle class, accessibility to high-speed internet across Tier 2 and Tier 3+ regions and brands adopting technology to offer seamless shopping experience to consumers. Retail brands across sizes are striding through the ecommerce wave and powering their businesses with technological platforms to cater to the rising consumer demand and with a positive outlook towards India’s economy.

European shares opened higher on the final trading week of August, as traders weighed the prospect of higher interest rates from the U.S. Federal Reserve and looked ahead to upcoming economic data later in the week.

Digital ruble scammers have reportedly struck in multiple Russian regions, with fraudsters apparently hoping to dupe citizens who do not yet fully understand how the CBDC works.

SUV fan or interested in buying an EV, the month promises major launches for all. As per a report from HT Auto, here are some of the biggest car launches expected to take place in the upcoming month. Scheduled to launch on September 4, Honda Cars India has commenced the booking process for their upcoming model, the Elevate SUV.

Imran Khan, his lawyer said. «God be praised,» said the lawyer, Naeem Panjutha on messaging platform X, formerly known as Twitter, adding the charges related to the murder of a lawyer in southern city of Quetta had been dismissed by a court. Khan, who was charged for the murder in June, has been facing over 100 cases since his ouster in a parliamentary vote of confidence in April, 2022, after he fell out with the country's powerful military. A high court in Islamabad is also due on Monday to give a ruling on an appeal filed by Khan seeking to suspend his conviction in a graft case.

On the Comex, Gold futures were trading at $1,943.30 per troy ounce on Monday, up $1.80 or 3.40% while Silver futures were trading at $24.265, up $0.031 or 0.130%. Click to know more The DXY was trading down 0.09% at 104.07 against a basket of six top currencies, though the bias was slightly negative. The October Gold futures had ended with declines of Rs 117 per 10 grams while the September Silver futures closed marginally higher at Rs 73,627, up Rs 59 per kg. «Gold remained stable after a weekly increase, as top central bankers emphasised maintaining high-interest rates until inflation is controlled at the Jackson Hole event.

real estate developer, Evergrande Group are bleeding in red as the stock plunged 87% in Hong Kong trading as they started trading for the first time in a year and a half. Over 99% of the share value of embattled Chinese developers has been lost in the past three years. On Monday, Evergrande's market value shrank to just HK$4.6 billion ($586 million) from a peak of more than $50 billion in 2017.

Also Read: Raksha Bandhan 2023 falls on August 30 or 31? Know shubh muhurat, rituals and other details here Notably, adhering to religious beliefs, it is generally considered inauspicious to engage in positive activities during the Bhadra period. Consequently, owing to the presence of Bhadra, individuals are facing uncertainty regarding the appropriate date for observing Raksha Bandhan, either on August 30th or 31st. Aligned with Hindu customs, it is advised to refrain from undertaking any auspicious activities during the Bhadra phase.

KUALA LUMPUR (Reuters) — Malaysia will create a «special financial zone» in embattled Chinese developer Country Garden's $100 billion project in the Southeast Asian nation and offer incentives to attract investments, Prime Minister Anwar Ibrahim said.

Consultants say they stand by their work done on the original business case for the 2026 Commonwealth Games, despite the Victorian government later claiming costs had more than doubled when they cancelled the event.

A better-than-expected final dividend has helped keepLiberty Financial’s share price relatively stable despite tougher lending conditions pushing after-tax profits nearly 20 per cent lower and an uncertain outlook.

Quelle surprise. ASX-listed can and bottle maker Orora is seeking to acquire high-end glass bottle manufacturer Saverglass, which was founded in 1897 in the historic Bresle Valley in France, where glass has been produced since the 15th century.

OpenAI and others on 26 July) that we’ve created with a small number of companies, and it will grow. We need to recognize that there’s a common approach to safety standards that we really need. If you look at us and Google—we compete vigorously every day, and yet we have come together.