Citi Financial News

Listed packaging solutions business Pact Group Holdings has sold half of its crate pooling business to infrastructure investor Morrison & Co for a $380 million enterprise valuation.

It’s a question that has become more common as the FIFA Women’s World Cup rolls on – what’s the plan for the next Matildas match?

United States Steel Corp. seems poised to be soon purchased by a competitor, with two bidders revealed in a matter of days and more in the wings

NEW DELHI : Air India Express Ltd is set to sign a code-sharing agreement with Air India Ltd, pull out from all routes requiring business-class capacity, and relocate operational control centres for AirAsia India and Air India Express to a new Gurugram office starting this month, two airline executives said on condition of anonymity. These steps are part of a strategy that includes the merger of AirAsia India and Air India Express, which will operate as Air India’s low-cost unit, offering budget flights on non-trunk routes.

5G services by Reliance Jio and Bharti Airtel, the two now cover nearly 10,000 cities and towns and aim to have pan-India coverage by the end of the current calendar year or March 2024. While 5G-specific tariffs are still a few quarters away, Airtel has made some efforts towards 5G monetisation with its fixed wireless access (FWA) offering announced earlier this month, and Jio is expected to follow suit soon.

REA Group, owner of Housing.com, PropTiger.com, and Makaan.com, reported a 46% rise in its revenue from India in the financial year ended June 2023, while their Australian business saw a mere 1% uptick. India's share in the group's overall revenue has expanded to 6.7% in FY23 from 4.8% in FY22, REA said in an investor presentation. REA India posted a revenue of Australian $79 million for FY23 ended June against A$54 million in the previous year.

gas companies have grown their super-profitable CNG sales volume at a faster rate in the past two years than the less profitable segment of gas supplies meant for homes. City gas distributors sold 19.4 million metric standard cubic meters a day (mmscmd) of CNG in six months to March 2023, up 51% from October 2020 to March 2021 period, oil ministry data showed. In the same period, the sale of piped natural gas (PNG) meant for cooking at home rose 11% to 2.9 mmscmd.

A blackout has left large parts of Brazil’s north and northeast regions without any electricity

By Sarah N. Lynch and Jacqueline Thomsen

consumer spending, industrial production and public and private investment in China missed expectations by a wide margin in July, data showed Tuesday, adding to a drumbeat of bad news on the economy. At the same time, China’s statistics bureau announced it would suspend publication of data on youth unemployment in China, citing plans to revisit the methodology.

Energy-rich countries across the Middle East and North Africa are struggling to keep power flowing to their own citizens during intense summer heat, with Egypt the latest to impose rolling blackouts. The outages here have prompted concerns that Cairo’s domestic gas supply is running low. Iran and Iraq, both oil exporters, are also facing blackouts as blistering temperatures envelop the region, with the thermometer reaching 122 degrees Fahrenheit in Baghdad, buckling aging power grids.

Taliban view their rule of Afghanistan as open-ended, drawing legitimacy from Islamic law and facing no significant threat, their chief spokesman said in an interview marking the second anniversary of the Taliban takeover of the country. He also suggested a ban on female education will remain in place.Zabihullah Mujahid brushed aside any questions from The Associated Press about restrictions on girls and women, saying he had nothing new to say on the matter while also indicating the status quo will remain. The ban on girls attending school beyond sixth grade was the first of what in the second year of Taliban control became a flurry of restrictions that now keep Afghan girls and women from classrooms, most jobs and much of public life.

greenhouse gases. But unlike fission, fusion leaves no radioactive waste and produces a lot more energy with a lot less fuel. The raw material to produce energy through nuclear fusion is hydrogen and is available in abundance.

₹46 trillion, is growing rapidly and it will get the next ₹40 trillion in just five years. Gupta said the industry has been doubling its AUM roughly every five years since the year 2000 and so it is safe to assume that the next doubling will also happen in the next five years. “When will the next 40 trillion happen: I think it is fairly simple, it will happen in the next five years," said Gupta, while speaking on the topic ‘the next 40 trillion’ at the Mint Annual Mutual Fund Conclave in Mumbai recently.

Russia launched the test phase of a digital ruble on Tuesday, in a bid to limit the impact of international sanctions imposed following its offensive in Ukraine. «On August 15, the tests of operations with real digital rubles began,» Russia's central bank told AFP. The trial phase involves 13 other banks and 600 individuals who can make payments at 30 sales points in 11 Russian cities, it added.

ICC Men's Cricket World Cup 2023 tickets to secure their spot at experiencing the joy of cricket in the one-day format. The International Cricket Council (ICC) took to X, formerly known as Twitter to announce the registration for World Cup 2023 tickets.

Latecomers to the Matildas’ bandwagon are increasingly out of luck when it comes to public displays of affection for the team that has captured the nation’s imagination.

Bengaluru's companies said they were willing to hire freshers in the second half of this year — a fall from 75% in the first half — according to a survey by TeamLease Edtech, a division of Bengaluru-based TeamLease Group. The survey attributes this to the decline in hiring in the IT sector. According to data from staffing firm Xpheno, IT services giants are expected to reduce their overall hiring by 40% in fiscal 2024.

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India's G20 presidency had introduced the country's capabilities and diversity to the world, Prime Minister Narendra Modi said on Tuesday and asserted that the country is becoming a «voice of the Global South». In his address to the nation on the 77th Independence Day, he also said that India's small towns may be small in size or population, but in having hopes and aspirations, they are «not less than anyone». Modi also recalled his visit last year to Bali, where India was handed over the G20 presidency by Indonesia.

Xolo Mariduena quickly learned that he and his character in the latest DC Studios film 'Blue Beetle' have one big thing in common — they cannot hide anything from their families. The 'Cobra Kai' actor plays college graduate-turned-superhero Jaime Reyes, the first Latino superhero in a DC movie, who finds it impossible to keep his alter-ego a secret. «There's no hiding from mom and dad that I'm Blue Beetle. As a Latino, I know that there's no secrets in my family, so I felt it resonated with me and the fact that the superhero in this movie is really the family,» Mariduena told Reuters last month before film promotion was halted by the Screen Actors Guild strike. In the film, Jaime returns to his hometown of Palmera City after graduating from college and has his life turned upside down when he is chosen by a blue scarab from an alien planet to become the Blue Beetle. Jaime bonds with the scarab, which transforms into protective armor for him. He must ensure the scarab does not fall into the wrong hands while also trying to protect his family.