Citi Financial News

12.08 / 12:53
Citi Parke Metro Traffic independence day Delhi Police issues traffic advisory for Independence Day dress rehearsal for tomorrow. Details here
Marg, Lothian Road, S.P Mukherjee Marg, Chandni Chowk Road, Nishad Raj Marg, Esplanade Road and its Link Road, Ring Road from Rajghat to ISBT, and Outer Ring Road from ISBT to IP Flyover -- will be closed for the general public from 4 am to 11 am on Sunday. Vehicles that do not have parking labels for the rehearsal may avoid C-Hexagon, India Gate, Copernicus Marg, Mandi House, Sikandra Road, W Point, A point Tilak Marg, Mathura Road, BSZ Marg, Netaji Subhash Marg, J L Nehru Marg, Ring Road between Nizamuddin Khatta and ISBT Kashmere Gate, and Outer Ring Road from Nizamuddin Khatta to ISBT Kashmere Gate via Salimgarh bypass, the advisory said.
12.08 / 11:57
Citi MET FIVE ATA show Pakistan: Bushra Bibi's alleged diary shows her influence on her husband Imran Khan's politics
Pakistan Prime Minister Imran Khan's wife Bushra Bibi has revealed her influence in political and private matters related to Imran's life, reported The News International. It came after Bushra Bibi met Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan in the Attock Jail for the first time on Thursday after his arrest in connection with the Toshakhana case on. The alleged diary included several entries and out of that, one entry showed that Bushra Bibi used to decide about the time and the person to put pressure on the judiciary, the army and the government, reported The News International.
12.08 / 11:57
Citi City court sends TN Minister Senthil Balaji to judicial custody till Aug 25
Tamil Nadu Minister V Senthil Balaji, arrested in connection with a money laundering case, to judicial custody till August 25. The Enforcement Directorate produced Senthil Balaji before a sessions court here, after completion of its custody.
12.08 / 11:57
UPS Citi Maxim Fighting Parke country PM advises G20 countries to look at confiscations to recover proceeds of crime parked abroad
Narendra Modi on Saturday suggested that G20 countries can set an example by using non-conviction-based confiscations to speed up recovery of foreign assets created from proceeds of crime. Modi, who was addressing the G20 Anti-Corruption Ministerial Meet here via video conferencing, stressed the importance of timely asset tracing and identification of proceeds of crime and said these measures would also «ensure swift return and extradition of criminals» after due judicial process.
12.08 / 10:45
COST Citi Provident FIVE Highways Maharashtra News: Nitin Gadkari inaugurates Chandni Chowk flyover on Pune-Bengaluru Highway
₹865 crore. Under this project of total length of 16 km, the work of 2.2 km long Chandni Chowk Interchange has been completed. Both sides of the Mumbai-Bangalore highway have 2-lane internal and 2-lane external service.
12.08 / 10:23
UPS Citi Provident Landmark Enterprise exclusive independence day Independence Day: How refugee real estate became Delhi's poshest areas
Pakistan after the Partition, suddenly came to form nearly one-third of the city's population. From Shahjahanabad of Mughal influence, Delhi became a city of Punjabis. Brij Krishnan Chandiwala, a noted Congressman, once wrote to Jawaharlal Nehru about the growing Punjabi population in New Delhi after the Partition, and his concern regarding these outsiders outnumbering the natives of the city, mentions architect and urban designer Prerna Chatterjee in a research paper. “The people of Delhi are living a life of helplessness… They have on their own wiped out their exclusive identity forever… The Delhi residents have become strangers in their own house,” Chandiwala wrote. Nehru wrote back: “Some of the complaints you make are the unfortunate consequences of the Partition…. But Delhi has also become a cosmopolitan city with a large number of foreigners here…” Chandiwalla reacted to this statement, considering the uncertain future these foreign intermixes may call for: “… In this city everyone who resides has come from somewhere else. And over the years they became part of this city. I believe even these people (Punjabi refugees) will one day start identifying their selves as belonging to the city.” Punjabi refugees from Pakistan not only ended up identifying themselves with Delhi but also made Delhi identify with them. The names of many colonies in Delhi such as Kohat Enclave, Mianwali Nagar and Gujranwala Town bear Pakistani imprint, the names of their birthplaces the refugees brought with them. More than Delhi shaping them, they shaped Delhi, because much of the Delhi you notice today is the result of the sweat and spirit of refugee entrepreneurs.
12.08 / 10:11
Citi Target Telegram Strategy Shell electronic Russia downs 20 drones over Crimea following a spate of attacks on Moscow
Russia thwarted an attack by 20 Ukrainian drones targeting Moscow-annexed Crimea overnight, the Russian Defense Ministry said Saturday. Fourteen drones were shot down by Russian air defenses and a further six were jammed electronically, the ministry said in a Telegram post. No casualties or damage were reported.
12.08 / 10:01
Citi Man BJP's Sana Khan murder: Here's details on why was she 'killed' by husband
Hindustan Times on 12 August. Identified as Amit Sahu alias Pappu, 37, told the police that he murdered his wife Sana Khan over monetary and personal issues. 1) Sana Khan, a resident of Nagpur, was murdered by her husband after he hit her with a stick in his house and later dumped her body in a river in the district, police said, adding the body was yet to be recovered.
12.08 / 08:53
UPS Citi Twitter Ripple Manufacturing Align Guwahati to host Northeast's first-ever defence tech expo
defence technology exhibition, showcasing latest weapons, vehicles and other equipment, will be held for the first time in the Northeast, with Assam's largest city Guwahati gearing up to host the event in October. A meeting to review the preparations was held between the state government and top Army officials here on Friday, Assam Industries and Commerce Minister Bimal Borah said.
12.08 / 08:53
Citi BLOCK Driverless taxis gain ground in San Francisco
San Francisco, giving the green light for operators Waymo and Cruise to compete with ride-share services and cabs. The California Public Utilities Commission (CPUC) heard six hours of public comment before voting three-to-one to let Waymo, a unit of Google-parent Alphabet, and General Motors-owned Cruise essentially run 24-hour robotaxi services in San Francisco. «Today is the first of many steps in bringing AV (autonomous vehicle) transportation services to Californians and setting a successful and transparent model for other states to follow,» said CPUC commissioner John Reynolds, who voted in favor of approval.
12.08 / 08:19
UPS Citi Platform Parke show country Ft Warehousing supply across India’s key cities to touch 516 million sq ft by 2026
e-commerce and the growth of third-party logistics (3PL) companies is also driving the investments in this segment. The cumulative supply in India’s warehousing and industrial sector is expected to reach 516 million sq ft by 2026 from 344 million sq ft in the first half of 2023.
12.08 / 07:43
Citi Waters Power Bengaluru: Power cut in several parts of the city on 13 August. See list of affected areas here
Several areas in Bengaluru are expected to witness power cuts today and tomorrow i.e. on 12 and 13 August.
12.08 / 07:43
UPS Citi Glacier Adventure love show Kids glued to their screens? 5 tips to get them to love the outdoors
The Idea: All three of Steven Rinella’s kids were born in cities and currently live in Bozeman, Mont., but he says adventure can occur even when you’re flipping stones. The 49-year-old host of “MeatEater," a Netflix hunting show, says he’s gotten his children to the point where you can put any kind of bug in their hands and they don’t scream “EW!" Perhaps they have gotten too comfy: One recently came home with a scorpion, a situation Rinella takes in stride. “Anxiety in the parent creates anxiety in the kid," he said.
12.08 / 07:01
Citi awards film Actor love performer audience Rani Mukerji talks about the resounding success of her comeback film 'Mrs Chatterjee vs Norway', reveals she is proud
Rani Mukerji, who won the award for best performance in a film — female for 'Mrs Chatterjee vs Norway' at the Indian Film Festival of Melbourne, on Friday said the recognition holds a special place in her heart. At the annual awards gala in the Australian city, the 45-year-old actor took home the trophy for her role as Debika Chatterjee in the movie directed by Ashima Chibber. «I feel incredibly proud and grateful that 'Mrs Chatterjee Vs Norway' has been embraced and loved by audiences worldwide.
12.08 / 07:01
Citi BLOCK Action cover reports Time Bihar to get real-time AQM reports from all 534 blocks from next month
Bihar government is all set to get real-time air quality monitoring (AQM) reports from all 534 blocks in the state from next month. The Bihar State Pollution Control Board (BSPCB) in association with Indian Institute of Technology (IIT), Kanpur, has already installed indigenously developed sensor-based AQMs in 432 blocks, covering 33 districts, in the state. «Work is on to install AQMs in the remaining 102 blocks in the state by the end of this month.
12.08 / 06:43
COST Citi Highways Housing prices in this Delhi-NCR area jumped 46% in Q2; know how much property price has risen in your city
Housing prices in Kolkata have increased by 15 per cent year-on-year (YoY) in the April-June quarter of 2023. It was the highest increase in residential prices among the eight cities, according to the report. «Housing prices in the city have been on the rise over the past seven quarters. The recent surge in housing prices is owing to the rising demand boosted by positive government incentives such as extension of 2 per cent reduction in stamp duty and extension of 10 per cent reduced circle rates till September 2023,» the report said. Delhi-NCR came second as housing prices in the northern region have risen by 14 per cent YoY in Q2. Hyderabad witnessed a rise of 13 per cent in housing prices in the last year during the second quarter, said the report. At the micro-market level, Golf Course Road and Dwarka Expressway witnessed the highest rise in housing prices at 46 per cent and 40 per cent, respectively, on a YoY basis during Q2 2023. «Housing prices in Golf Course Road continue to surpass the prices of Delhi in Q2 2023 attributed to its improving connectivity and proximity to commercial office hubs in Gurugram, which have sparked a surge in demand for residential properties,» the report added.Pan India residential prices Q2 2023 (in Rs /sq ft) –
12.08 / 06:09
UPS Citi Extreme Parke country folk Time Biden describes China as "ticking time bomb" over economic problems
China's troubles with high unemployment and an ageing workforce make the country a «ticking time bomb» at the heart of the global economy and a potential threat to other countries, according to the New York Times. «When bad folks have problems, they do bad things,» the president told a group of donors at a fund-raiser in Park City, Utah on Thursday. Once seemingly «inexhaustible» engine which propelled China is now sputtering, posing alarming risks for Chinese households and economies around the planet.
12.08 / 05:55
UPS Citi Action Parke Southern country China’s home buyers are waiting out the property slump
Real Estate Information, a private industry tracker. The sales were down a third from June and from the same period a year ago. They were also 59% less than the total in July 2021.
12.08 / 05:51
UPS Citi BLOCK Mobile social Chinese engine is sputtering: What China's stalling economy means for the world
China has been synonymous with relentless development and upward mobility. As its 1.4 billion people gained an appetite for the wares of the world — Hollywood movies, South Korean electronics, iron ore mined in Australia — the global economy was propelled by a seemingly inexhaustible engine. Now that engine is sputtering, posing alarming risks for Chinese households and economies around the planet.
12.08 / 04:33
Citi country Holdings Abans Holdings gets board's nod to enter mutual fund space
Abans Holdings Ltd on Friday said it has secured board's approval to diversify its operations and enter into the country's mutual fund business. This strategic move will position the company at the forefront of asset management services, Abans Holdings said in a statement. In addition, the company said it has received board's clearance for establishing an asset management business in Singapore. «Through its subsidiary, Abans Broking Services Pvt Ltd, the company is proposing for making an application to obtain a capital markets license to engage in fund management activities in Singapore,» the statement noted.

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