Citi Financial News

22.08 / 01:53
Citi Aviat Telegram Parke Russia downs two drones near Moscow
Moscow region, the city's mayor said on Tuesday. «Air defence shot down two attack drones. One in the Krasnogorsk area, the other in the Chastsy area,» said Sergei Sobyanin on Telegram, adding that emergency services were responding. He did not give details on damage or casualties. Russia's defence ministry reported two Ukrainian drones had been downed over the Moscow region, adding there had been no casualties. Air traffic at Moscow's Vnukovo, Sheremetyevo and Domodedovo airports had been briefly halted, the TASS news agency earlier quoted an aviation service source as saying. «Glass damage was recorded on several floors» in a multi-storey residential building in Krasnogorsk," the agency said, without specifying whether it was the result of a drone strike. «Several cars parked near the house were also damaged.» Two Ukrainian drones were downed over the Bryansk region near the Ukrainian border, Moscow's defence ministry said on Telegram, adding there were no casualties. In recent weeks, two drone attacks were repelled over Moscow's financial district, each causing minor damage to the facades of high-rise buildings.
22.08 / 00:43
UPS Citi Platform Highways Southern Everest hearing licence Taxi companies, drivers seek SC relief ahead of LMV licence issue hearing
Supreme Court over the legality of driving-licence holders for light motor vehicles (LMVs) operating commercial vehicles without any additional endorsement has multiple stakeholders including drivers, fleet operators and cab aggregators worried, as a reversal of an older ruling could hurt them. A division bench of the top court in 2017 ruled that holders of LMV licences should be allowed to operate transport, or commercial vehicles, as long as the vehicles were up to 7,500 kg of unladen weight. In 2018, the Ministry of Road Transport and Highways issued a notification complying with the court order. Insurance companies appealed against the order before a three-member bench, arguing that this put the safety of people at risk. The bench referred the matter to a five-judge constitution bench, which at a hearing on July 20 asked the ministry to submit its position on the matter.
22.08 / 00:43
UPS Citi Aware Google Racing Pool Markdown detour slows fresh funds delivery to Dunzo
Dunzo’s valuation is proving to be a roadblock in new financing for the troubled quick commerce startup.Reliance Retail, the largest investor with 26% stake in Dunzo, is averse to the idea of slashing the valuation of the startup by nearly 50% in a fresh funding deal being stitched together by a set of existing investors, according to people aware of negotiations. For the telecom-to-retail conglomerate, a steep cut will mean a significant value erosion of its $200-million investment made in Dunzo during a $240-million round in January 2022, they added. The now cash-strapped startup, which also counts Google as one of its investors, was then valued at close to $800 million. Dunzo’s frenetic efforts to raise further capital will now depend on all its investors agreeing to a reduced valuation, people cited said.‘Must Finalise Valuation’ The sharp downturn in the Bengaluru company’s consumer business, from its peak during the Reliance Retail investment last year, has triggered the ongoing decline in Dunzo’s valuation. “There is a soft commitment of multiples of tens of millions for Dunzo, but for these conversations to close, the valuation needs to be finalised, and with Reliance Retail’s cash, the total pool can be widened, which the firm needs on priority,” said one person aware of discussions. In recent weeks, Dunzo has reached out to multiple family offices — such as Premji Invest, Kiran Mazumdar-Shaw of Biocon and others — in search of a new consortium of investors.
21.08 / 21:15
Citi Art performer country classical singer Wynonna Judd’s Back to Wy Tour: Here’s all you may want to know
Wynonna Judd, the country singer, is embarking on a solo tour featuring her initial two albums, a PEOPLE report said. The Back to Wy theater tour is scheduled to begin on October 26 and will span 15 cities. Judd, who has been touring since 1983, expressed her enthusiasm for live performances. Having recently concluded The Judds tribute tour, she aims to reconnect with fans and commemorate her 40 years in country music. Her debut self-titled album, released in 1992, marked her transition to a solo career after performing with her mother as The Judds. In 1993, she followed with Tell Me Why. This shift was reminiscent of her personal journey when leaving home for college. She reminisces about the pressure to succeed and represent her family name. Judd, now 59, acknowledges that the pressure has eased, allowing her to enjoy performing and connect with fans. She emphasizes her reliance on fans since her mother's passing. The tour is an opportunity for Judd to perform songs she's never sung live and to honor her mother with emotionally charged performances. The 15-city tour starts on October 26 in Indianapolis and concludes on December 1 in Knoxville. Judd will perform both albums in their entirety, concluding each night with classic Judds hits. Pre-sale tickets are available to her fan club on August 22, followed by general sales on August 25.
21.08 / 17:49
Citi FIVE Art Progressive Align Artix sets eyes on younger enthusiasts
covid-19 pandemic. Artix seeks to cater to this new cohort to drive the future art market, with its annual art fairs. It is expected to travel to Mumbai, Hyderabad, Bengaluru, and Kolkata to further its ambitions.
21.08 / 17:37
Citi Celebrity Inside concert dance Madras Day: 22 August, know history and significance
Themadrasday.in, “Madras Day was an idea that three people put together – the city’s famed historian, S. Muthiah, journalist Sashi Nair and publisher Vincent D’ Souza. Later, they have been joined by three others – senior journalist and editor Sushila Ravindranath, journalist and website entrepreneur Revathi R and entrepreneur and writer-historian V.
21.08 / 17:29
Citi Provident Platform Entertainment Pinduoduo show Chinese E-Commerce Giants Pivot to Selling Inexpensive Goods
Alibaba Group Holding and JD.com this year have embarked on campaigns to promote low-price goods to cater to penny-pinching shoppers through new services and incentives for merchants. In May, Alibaba’s flagship platform Taobao launched “Taobao Good Price" within the app where users can buy low-price merchandise such as butter cookies for 40 cents a box and rubber gloves for 14 cents a pair. During this year’s June 18 Shopping Festival, an annual e-commerce event, Taobao required merchants to offer at least a 10% discount for the goods they were selling and gave priority to merchandise at lower prices or with steeper discounts.
21.08 / 16:39
Citi Waves Target Adobe RBC Marvell analyst 5 Huge Analyst Calls: Adobe, Marvell Boosted on AI Hopes; Urban Outfitters slashed
Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Hexcel, Callon Petroleum, Adobe, and Marvell, and a downgrade for Urban Outfitters.
21.08 / 16:25
UPS Citi Compilation COMPOSITE show Euro zone bond yields jump as US 10-year yields scale 15-year highs
bond yields across the euro area rose sharply on Monday as benchmark U.S. 10-year Treasury yields climbed to fresh 15-year highs on a view that interest rates will remain higher for longer than initially anticipated. That eclipsed some soft German data and demand for safe-haven assets due to concerns about China's economy. Bond prices move inversely with yields. The 10-year U.S.
21.08 / 15:13
Citi Waters Aware Actor show Namami Gange's $4.5-billion investment shows positive impact on river water quality: NMCG Director General
leadership of the Prime Minister, overseeing the comprehensive execution of the mission. He underscored the importance of Arth Ganga, an initiative geared towards stimulating economic growth, advancing livelihoods, and cultivating community involvement within the river basin. Arth Ganga encompasses diverse approaches, including zero-budget natural farming, the formation of FBOs, public participation, and the monetization of wastewater and sludge.
21.08 / 15:07
Citi FIVE information China fines US research firm $1.5 million in crackdown on information-gathering
An American research firm has been fined $1.5 million by China’s government in a crackdown on information-gathering that has rattled foreign investors
21.08 / 14:55
Citi SUN film show Moon Netflix movies Rebel Moon Part I and II now called ‘A Child of Fire’ and ‘The Scargiver’ — details
Netflix, Rebel Moon Part I, will release its trailer at Gamescom on Tuesday, August 22, 2023. Wed, 23 Aug 2023 – Sun, 27 Aug 2023 But before that, the two-part Rebel Moon movies will be renamed to more interesting titles. While Rebel Moon Part I will be called A Child of Fire, the second movie, Rebel Moon Part II will be titled The Scargiver. Both films are of the fantasy science-fiction genre. This has been confirmed by Whats On Netflix.
21.08 / 14:49
Citi Parke BURST Discover Glacier cover rock New archaeological find uncovers insights into ancient Rome's slave life in Pompeii
Archaeologists have discovered a small bedroom in a Roman villa near Pompeii that was almost certainly used by slaves, throwing light on their lowly status in the ancient world, the culture ministry said on Sunday. The room was found at the Civita Giuliana villa, some 600 metres (2,000 ft) north of the walls of Pompeii, which was wiped out by a volcanic eruption of Mount Vesuvius nearly 2,000 years ago. It contained two beds, only one of which had a mattress, two small cabinets and a series of urns and ceramic containers, in which the remains of two mice and a rat were found. «These details once again underline the conditions of precarity and poor hygiene in which the lower echelons of society lived during that time,» the culture ministry said in its statement. Materials such as furniture and fabric, covered by the devastating blast of rock fragments, gas, and ash from Vesuvius, decomposed over the years, leaving a void in the debris.
21.08 / 13:27
UPS Citi Provident Career performer shock Ben Foster hangs up gloves again, leaving Wrexham and Football world in shock — A look at his career
Ben Foster has announced his retirement from professional football, marking his second departure from the sport. The 40-year-old, known for his illustrious career with Manchester United and England, came out of retirement to rejoin Wrexham in March 2023 after an injury setback to teammate Rob Lainton. Foster's significant contribution played a pivotal role in Wrexham's triumphant return to the Football League last season.
21.08 / 13:07
UPS Citi Art Parke DISH show Your complete travel guide: Spending 36 hours in Prague
Prague, the Czech capital, is finding a new balance between preserving its past and embracing the future, improving many of its important historic sites while making striking additions to its skyline. A reset on tourism during the pandemic has left the city feeling more focused on local residents, with many new parks, bike trails, pedestrian bridges and other amenities showing up outside the historic center. The best new cafes, bars and restaurants, as well, are often found outside Old Town, in neighborhoods such as Dejvice, Vinohrady, Holesovice, Karlin and New Town. Stop by for a coffee, hit up one of the many great new bakeries or visit a charismatic old beer hall as you explore a city that is clearly entering its prime. ITINERARYFriday
21.08 / 13:07
Citi Parke Celebrity UAE: Abu Dhabi announces new school zone safety measures ahead of academic year
Abu Dhabi City Municipality has taken a number of initiatives to augment traffic safety measures in the vicinities of schools throughout Abu Dhabi and its adjoining areas. For enhanced student safety, the municipality has rolled out a comprehensive suite of projects to revamp and strengthen the traffic safety elements within Abu Dhabi City's school regions.
21.08 / 13:07
Citi Provident Progressive Southern Edison country Warning Storm Hilary update: 38,000 without electricity in California, flash flood warning in Los Angeles, heavy rainfall forecast in Nevada, Oregon, Idaho
Storm Hilary on Sunday evening, saturating areas from the coastline to the inland mountains and deserts. This led to rescue operations in response to rising rivers and compelled some of the largest school districts in the country to cancel classes on Monday. Hilary caused intensified precipitation to the region, resulting in considerable rainfall in mountainous and desert locales. Some of these areas received over half of the average annual rainfall in just a single day. Notably, Palm Springs, a desert resort city, received nearly 3 inches of rainfall by Sunday evening. The storm's impact included the uprooting of trees and the triggering of mudslides in the San Diego vicinity. As President Joe Biden prepared to travel to Hawaii on Monday to assess the aftermath of devastating wildfires in Maui, he urged all individuals in the storm's path to exercise caution and adhere to the guidance provided by state and local authorities.
21.08 / 13:07
Citi Digital Platform social Time Indians are spending one-fifth of waking time on social media, OTT and online gaming: Study
social media, OTT platforms, and online gaming, according to a recent study conducted on the digital media consumption habits of Indians. As per a TOI report, the study — titled 'New age digital media consumption- was conducted by an IIM Ahmedabad professor in collaboration with a think tank. The research surveyed 2,000 respondents across 10 Indian cities and analyzed app data from over 20.58 lakh users.

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