Citi Financial News

Mumbai: K Balasubramanian has taken over as Citi’s head of banking, capital markets and advisory for India and South Asia, following the retirement of Ravi Kapoor. “K Balasubramanian (Bala) will add the India and South Asia BCMA head responsibility to his current corporate bank head role.

Helium mining is the process of providing wireless coverage for the Helium Network, a decentralized network designed to support Internet of Things (IoT) devices. Participants, known as helium miners, deploy helium mining hotspots to contribute to the network's coverage and are rewarded with tokens. Helium is «a global, distributed network of Hotspots that create public, long-range wireless coverage for LoRaWAN-enabled IoT devices and cellular devices».

Global Capability Centers (GCC), or captive technology facilities of large global lenders and MNCs, such as Citi, Deutsche Bank and T-Systems, are strengthening their Indian presence in their 2.0 avatar after having partially scaled down operations in the country around 10-15 years ago. The global captives had sold a part or even their entire operations to Indian IT companies, mostly during the global financial crisis, to focus on core operations instead. But they now see India as a crucial profit and value-addition centre, helping their global headquarters in finance, supply chain, research and development (R&D) operations, building digital and artificial intelligence (AI) capabilities. Deutsche Bank, which sold their captive to HCLTech in 2004, said its GCC has already onboarded over 2,500 hires so far this year and expects the trend to continue in the similar range for the rest of the year.

Russian President Vladimir Putin has taken multiple shots at the West on the opening day of an economic summit in South Africa

Finra arbitrators ordered Morgan Stanley to pay a senior investor $1.8 million for weighting too much of her portfolio in a single stock — WisdomTree Investments Inc.

Lauryn Hill will soon embark on a world tour. It will be a 25thanniversary tour for her debut solo album, 1998’s ‘Miseducation of Lauryn Hill.’

John Warnock, who helped invent the PDF and co-founded Adobe Systems, has died

Charles Schwab plans to cut jobs and close or downsize some corporate offices as part of company efforts to reduce operating costs, the financial services firm said in a Monday regulatory filing

Russian President Vladimir Putin and Chinese President Xi Jinping are both absent as leaders from the BRICS group of emerging economies open a three-day summit in South Africa

Macy’s is expanding its small-store format into the West and Northeast in a bid to increase customer visits and add new shoppers

All nine Atlantic City casinos turned a profit in the second quarter of this year, although that collective profit was down more than 20% from a year ago

The sound of hammers and chisels striking stone rings out on most Sundays in the cemetery in the ancient town of Xochiaca, a village swallowed up decades ago by the urban sprawl of Mexico City

Drew Barrymore was taken off the stage during an event in New York City after an audience disruption. The talk show host and actor appeared at the 92nd Street Y as part of the Recanati-Kaplan Talks series to support singer-songwriter and actor Reneé Rapp’s new LP Snow Angel. During their conversation, a man in the crowd walked down the aisle and shouted Barrymore’s name. He identified himself as Chad Michael Busto and said he needed to see her while in New York. Barrymore greeted him and was escorted offstage by Rapp. Security then removed the man from the venue. They returned to the stage a few minutes later and continued the conversation. Barrymore praised Rapp for her quick response and jokingly referred to her as protective. The event proceeded without further interruption. Barrymore interviewed Rapp about her new album and her involvement in various projects. Barrymore left the stage as planned after the event. Rapp performed three songs from her new LP and thanked the audience for their composure during the incident. Last year, a disruptive audience member interrupted a play in New York, and the police were involved in removing them. The music industry has also seen disruptions during performances by artists like Pink, Harry Styles, Bebe Rexha, and Cardi B.

₹50 crore from existing investors, International Market Management in UK and Hunch Ventures in India. In 2018, Indian venture capital firm Hunch Ventures took a significant minority stake in Dolomite Restaurants, owned by International Market Management (IMM), founded by Dolomite managing director Jasper Reid. This year IMM, Dolomite’s parent, sold its Wendy’s burger chain to Rebel Foods for an undisclosed sum.

NEW DELHI : Counterfeit versions of a diabetes drug, also used to treat weight loss, are making the rounds in India, prompting drug regulators to warn doctors, chemists and patients about their purchase and consumption. The Drugs Controller General of India (DCGI) has raised an alert about falsified versions of Glucagon-Like Peptide 1 Receptor Agonist (GLP-1-RA) products sold at physical outlets and over social media after a warning in this respect from the World Health Organization (WHO) last week. The drug regulator has advised doctors to prescribe alternatives and inform patients about any likely adverse effects of the drug.

YouTube videos of bikers on the Great Divide route during Covid, Natalia Kunze told her father she wanted to ride the trail. In 2021, Paul Kunze chaperoned his then 12-year-old daughter on a 770-mile section of the trail from Jackson Hole, Wyo., to Kalispell, Mont. “I’m still amazed she was able to accomplish that feat," he says.

Toto Cutugno, a prominent personality of Italian music, has passed away today at the San Raffaele Hospital in Milan. The renowned singer-songwriter, who recently celebrated his 80th birthday in July, had been under hospital care for several months at the San Raffaele Hospital in Milan. Cutugno's international presence was significant, cementing his status as one of Italy's most beloved performers.

Magicbricks rental index for the April-June period. While demand grew 18.1% sequentially, supply rose 9.6%. Based on the behaviour and preferences of over 20 million customers on the Magicbricks platform, the report observed that among notable cities, Bengaluru saw rents going up by 8.1%, Navi Mumbai by 7.3% and Gurgaon by 5.1%.

ALSO READ: Chandrayaan-3 LIVE After a failure in 2019, India's second attempt to land on the moon is being seen as a display of the tenacity of its scientific institutions. Meanwhile, the Uttar Pradesh administration ordered all schools to hold special screenings as the 'landing of India's Chandrayaan-3 is a memorable opportunity, which will not only encourage curiosity but will also instill passion in our youth towards inquiry'.

real estate sector as expected to put lenders' creditworthiness to the test, reported Reuters. Banks have been forced to pay out higher interest rates in order to prevent depositors from running away to other high-yielding options due to the US Federal Reserve's unrelenting campaign of rate hikes.

By Andrew Hay and Liliana Salgado