Citi Financial News

17.08 / 13:13

COST Citi Provident Platform Strategy cover services HDFC Group introduces life insurance, asset management services from Gujarat's GIFT City's IFSC

HDFC Group announced the official launch of its life insurance and asset management services in Gujarat's GIFT City's International Financial Services Centre (IFSC). To provide services to Non-Resident Indians (NRIs) and the worldwide Indian diaspora, HDFC International Life and Re was created by HDFC Life, and HDFC AMC International (IFSC) Ltd was established by HDFC Asset Management Company.

17.08 / 12:59

Citi Target Manufacturing Apple AAPL iPhone 15 Citi continues to recommend Apple as 'iPhone 15 launch catalyst is on'

Citi analysts maintained a Buy rating and $240 per share price target on Apple (NASDAQ:AAPL) in a note Thursday.

17.08 / 12:49

Citi Provident Waves Waters Extreme Action Orange Schools Delhi's plan to mitigate heat impact: No schools in afternoon, curb on non-essential water use

Delhi will alter school timings, suspend non-essential water use, provide uninterrupted power supply to health facilities and survey vulnerable locations daily to mitigate the impact of extreme heat on susceptible populations in peak summers, according to the city's new heat action plan. The Delhi Disaster Management Authority (DDMA), which prepared the plan and submitted it to the Centre last month, also plans a pilot project to paint roofs in identified areas with white colour to help keep the indoors cooler. The nodal officer, who will be responsible for the implementation of the heat action plan (HAP), is still to be appointed, a DDMA official told PTI.

17.08 / 12:27

Citi Lowe's Fighting show Where to buy a budget house? Here are 5 most affordable cities in India in 2023

Housing affordability saw a steady improvement from 2010 to 2021 across the eight leading cities of India, even during the Covid-19 pandemic, when the Reserve Bank of India (RBI) cut repo rates to decadal lows, the data showed. However, things changed after the Russia-Ukraine war started last year which pushed global inflation due to supply chain disruptions.

17.08 / 12:23

UPS Citi BLOCK Waters Puzzle show NOT Too Many Vacant Lots, Not Enough Housing: The U.S. Real-Estate Puzzle

CHICAGO—DaJuan Robinson was remodeling a house on the South Side, not far from the University of Chicago, when he spotted a vacant lot two doors away. He thought it might be worth developing. Then he learned about the back taxes, unpaid water bills and other hurdles that would take too much time and money to clear.

17.08 / 12:13

Citi FIVE Amicus Women's safety: 6630 cameras installed in vulnerable areas, Delhi Police tells HC

Delhi police Thursday informed the Delhi High Court that 6630 CCTV cameras have been installed in vulnerable areas of the national capital as part of measures to strengthen the safety of women. These CCTV cameras are monitored in five master control rooms, the city police told a bench of Chief Justice Satish Chandra Sharma and Justice Sanjeev Narula.

17.08 / 12:09

Citi film love Anthem show voice 'Uri' screened in Manipur; Vicky Kaushal-starrer becomes 1st Bollywood film to be shown in 23 years

Manipur after more than 20 years when a Bollywood movie on surgical strikes against Pakistan was screened at a makeshift open air theatre in Churachandpur. Vicky Kaushal-starrer 'Uri: The Surgical Strike' was attended by a large number of people at Rengkai (Lamka).

17.08 / 11:47

UPS Citi DiRT stage Traffic Delhi's 1.8 km flyover that took 20 year to be build still fails to solve the traffic woes

Delhi's much-anticipated Rani Jhansi Flyover, a project that saw nearly two decades in the making, has recently come under scrutiny for its deteriorating condition and ongoing traffic congestion. The 1.8-km elevated road, designed to alleviate chronic traffic congestion in the city, was inaugurated in 2018 after overcoming numerous hurdles, including land acquisition challenges and coordination among various agencies. However, a recent inspection by TOI revealed that the ride on the flyover has become increasingly uncomfortable due to old expansion joints.

17.08 / 11:35

UPS Citi Lowe's Target show Norges Bank sends Norwegian crown higher as dollar seeks direction

By Joice Alves and Rae Wee

17.08 / 11:03

Citi FIVE Platform Enterprise Stealth Indian President Murmu launches INS ‘Vindhyagiri’ in Kolkata, 6th ship under ‘Project 17 Alpha’ of Indian Navy

Vindhyagiri has been named after the mountain range in Karnataka. In Kolkata, President Murmu was received by West Bengal Governor CV Ananda Bose, who along with Chief Minister Mamata Banerjee were also present on the INS ‘Vindhyagiri’ launch occasion. INS ‘Vindhyagiri’ is an advanced stealth frigate, or warship.

17.08 / 10:27

COST Citi Target Remark Patrick show Fed sees ‘significant’ inflation risk that could mean more hikes

Federal Reserve officials at their last meeting largely remained concerned that inflation would fail to recede and suggested they may continue raising interest rates.

17.08 / 10:17

Citi FIVE MICRO Micro loans, family health insurance part of Rapido Auto’s Bengaluru plans

Rapido on Thursday announced unlimited cancellations, customer cancellation incentives and a transparent fare price policy as part of its Auto Dost initiative. These measures are aimed at benefiting five lakh Rapido auto captains who are currently based out of Bengaluru city.

17.08 / 10:17

UPS Citi Provident Strategy cover services HDFC Group launches life insurance, asset management services from GIFT IFSC

International Financial Services Centre (IFSC) in Gujarat's GIFT City. HDFC International Life and Re has been set up by HDFC Life, while HDFC AMC International (IFSC) Ltd has been established by HDFC Asset Management Company to offer services to Non-Resident Indians (NRIs) and the global Indian diaspora.

17.08 / 10:11

Citi Digital Platform Action Mobile social electronic Users spend less than ₹100 a month on gaming: Report

₹100 a month and less than an hour a day on online gaming. On OTT platforms, the amount was far more, between ₹200 and ₹400 a month. The paper by Rajat Sharma and Vikash Gautam titled ‘New-Age Digital Consumption: A Survey of Social Media, OTT Content and Online Gaming’ also outlines that policy concerns around unwanted user actions, especially in online gaming, which are not supported by user time-spend or money-spend data.

17.08 / 10:11

Citi FIVE BLOCK Waters Himachal News: Death toll rises to 72, IMD predicts very heavy rains in these 7 districts for next 48 hours. Top points

Himachal Pradesh rains: The hilly state has been facing days of relentless rain that have killed more than 70 people till now. Reports have also stated that Indian Air Force (IAF) has rescued over 780 people from flood affected areas in the past forty eight hours. Hundreds of roads remain blocked and schools in the capital city of Shimla have been ordered shut as the Indian Air Force and disaster response teams help evacuate people from low-lying, vulnerable areas.

17.08 / 08:51

Citi Provident VISA Aware TCS country US immigration: EB5 visa awareness roadshow in your city. Check dates, other details

real estate investments across the country. Attendees will have the opportunity to meet one-on-one with the USIF Team and a seasoned immigration attorney from Donoso & Partners LLC, who has substantial experience with EB-5 matters.

17.08 / 07:45

UPS Citi CEO Apple performer open Retail leasing picks up in Delhi-NCR as Apple, Pret A Manger open stores

New Delhi: The national capital and the adjoining region (Delhi-NCR) reported a 65% year-on-year increase in retail leasing across investment-grade malls, high streets and stand-alone developments in the first six months of calendar year 2023, real estate consulting firm CBRE South Asia said in a report released Thursday. The city recorded a retail supply of 0.22 million square feet (msf) between January and June, while total leasing during the period stood at 0.70msf compared to 0.42msf a year ago. Fashion and apparel retailers led retail leasing activity in the region with a share of 47%, followed by luxury at 13%, and food and beverage.

17.08 / 07:41

Citi Provident Progressive Parke Metro Noida Expressway: A haven of infrastructure development and growing amenities

Noida, a bustling city in the National Capital Region of Uttar Pradesh, has witnessed exponential growth over the past few decades. The region is home to key developments, including the Noida Expressway, a modern arterial road that connects Noida to Greater Noida, providing seamless connectivity and serving as a catalyst for growth in the region. A notable factor that has enhanced the region’s demand is its emergence as a vibrant hub of infrastructural development, offering an array of amenities ranging from educational institutions to healthcare facilities.

17.08 / 07:37

COST Citi show country social China's Xi calls for patience as Communist Party tries to reverse economic slump

Chinese leader Xi Jinping has called for patience in a speech released as the ruling Communist Party tries to reverse a deepening economic slump and said the West’s pursuit of material wealth led to “spiritual poverty.”

17.08 / 07:37

UPS Citi Enterprise Forbes country China's government tries to defuse economic fears after real estate developer's debt struggle

China’s government is trying to reassure jittery homebuyers after a major real estate developer missed a payment on its multibillion-dollar debt, reviving fears about the industry’s shaky finances and their impact on the struggling Chinese economy

17.08 / 07:33

Citi Lowe's show track Affordability Mumbai High home loan rates hits affordability; Mumbai becomes unaffordable: Report

real estate consultant released its 'Affordability Index' for the top eight cities for the first six months of the 2023 calendar year. The index tracks the EMI (Equated Monthly Instalment)-to-income ratio for an average household. It indicates the proportion of income that a household requires, to fund the EMI of a housing unit in a particular city.

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