Citi Financial News

Hero MotoCorp Thursday missed Street estimates to report a 32% increase in net profit at Rs 824.72 crore for the first quarter ended June 30,2023 driven by price hikes and a better product mix. The company had posted net profit of Rs 624.52 crore in the corresponding period of the last financial year. Kotak Institutional Equities had expected net profit to grow 40.3% to Rs 875.90 crore and revenues to increase 7% led by a 10% increase in average selling price (ASP) due to price increases and a richer product mix.

More hospitals are getting out of the baby business. Last month, Ohio-based University Hospitals said it would halt maternity services in the city of Ashland. OSF HealthCare said its hospital in Pontiac, Ill., would do so in September.

Bankers said the Reserve Bank's move to impose a 10 per cent incremental cash reserve ratio will not impede banks' ability to lend while the status quo on policy rates was on expected lines. The Reserve Bank opted for the status quo in key policy rates for the third consecutive time on Thursday.

Calgarian Millie Winzinowich loves apartment hunting. And even when she’s found a place to live, she always tries to keep a finger on the pulse of the rental market.“I have always kind of prided myself in being able to find really gem apartments which are quite affordable, but also, you know, have a fun layout or some character,” Winzinowich, a 28-year-old theatre professional, told Global News.She and her common-law partner, a finance professional, had been in their apartment for less than a year when, earlier this year, their landlord informed them the unit had been sold, sending the couple on another apartment hunt.Winzinowich said that on paper, they were “quite appealing” rental candidates – a full-time, employed couple with no kids and one pet cat.

(Reuters) — Alaska Air (NYSE:ALK) Group said on Thursday it was delaying some flights to Hawaii because of wildfires in the region.

New Delhi: India has embarked on an ambitious trajectory to amplify its existing 6% share of natural gas in the energy amalgam to a formidable 15% by 2030, as the government presses forward with a suite of comprehensive measures, said minister of state in the ministry of petroleum & natural gas, Rameswar Teli. In a written reply in the Lok Sabha, the minister said, "various steps have been taken by the government to raise the share of natural gas in energy mix to 15% in 2030 from about 6% currently." "These include expansion of National Gas Grid Pipeline, expansion of City Gas Distribution (CGD) network, setting up of Liquefied Natural Gas (LNG) Terminals, allocation of domestic gas to Compressed Natural Gas (Transport) / Piped Natural Gas (Domestic) CNG(T)/PNG(D) in no cut category, allowing marketing and pricing freedom to gas produced from high pressure/high temperature areas, deep water & ultra-deep water and from coal seams, Sustainable Alternative Towards Affordable Transportation (SATAT) initiatives to promote Bio-CNG, etc," he added.

This is not the first time that he has been linked to transfer moves, earlier too the Bundesliga side has made many attempts to acquire the striker, but all the previous bids have been turned down. Their attempt was rejected as late as Monday and they threatened to move on to other targets. Spurs Decide To Sell Harry Kane

Ashoka on Thursday wondered whether the Congress government in Karnataka was allegedly engaged in 'fund collection' as part of preparations for the Lok Sabha elections. Speaking to reporters here, the former Deputy Chief Minister said the «prediction» made by Union Home Minister Amit Shah during the campaigning for the May Assembly elections that the Congress will use Karnataka like its ATM has come true.

By Julian Luk

Priya Cinema, a popular landmark in the city and one of the first PVR properties in the country. Unlike other IMAX cinemas that are housed along with regular formats, this is the first time that an IMAX theatre is taking over an individual single screen cinema. Tickets to the 316-seater will be priced anywhere between ₹350 and ₹600 depending upon the film, day and show timing.

Nvidia (NASDAQ:NVDA) shares closed 4.7% lower yesterday to hit a 4-week low.

Rockstar Games, unveiled the remarkable sales figures of the Grand Theft Auto (GTA) franchise. The GTA series has achieved an impressive total of over 405 million video game copies sold to date. Among these, Grand Theft Auto 5 stands out with a significant share of 185 million copies sold since its launch in 2013. This revelation showcases the enduring popularity and success of the GTA franchise.

G20 Summit, the Delhi Police is acquiring Russian Dragunov sniper rifles, a move aimed at boosting security measures, said undisclosed sources in an interview with TOI. Skilled marksmen armed with these rifles will be strategically positioned atop high-end hotels in central Delhi, Aerocity, and other crucial spots across the city. Although senior officers have chosen to keep mum on the matter, reliable police insiders suggest that instead of purchasing these rifles outright, the police force might secure them on loan from either the army or paramilitary units.

India, had appointed Veera Babu as Managing Director, Tenant Representation, India. In his new role, Veera will drive strategic business growth to strengthen the firm’s leading position across cities.

Starting today (August 10), IELTS test takers applying through Canada's Student Direct Stream (SDS) for study permits are no longer obligated to attain a minimum score of 6.0 bands in each individual section. Instead, a cumulative band score of 6.0 is now sufficient for IELTS. The changes have been made by Immigration, Refugees and Citizenship Canada (IRCC) to make the process smoother for the aspirants.

Domestique – the corporate communications firm founded and run by Lauren Thompson, Jim Kelly and Ross Thornton – is in the crosshairs of private equity-backed shareholder engagement and governance advisory firm Morrow Sodali.

The Russian digital ruble pilot proper will begin next week, says the country’s Central Bank, with 600 citizens set to become the first people in the nation to use the CBDC.

Uber driver due to a mistaken cab choice has recently come to light in Bengaluru, sending shockwaves through the city. The unsettling occurrence transpired within the Bhoganahalli vicinity, falling under the jurisdiction of the Bellandur police station, on a fateful Wednesday. Swiftly launching an investigation, local law enforcement has intensified efforts to apprehend the responsible party, utilizing invaluable CCTV recordings to substantiate their pursuit.

WeWork, which promised to revolutionize the way people work alongside one another, announced in a financial filing Tuesday that it had «substantial doubt» that it would stay in business. That declaration raises questions about not only the company's viability but also the future of commercial real estate. Here's what you need to know about WeWork's past and prospects.What is WeWork? WeWork was founded in 2010 by Adam Neumann and Miguel McKelvey, tech entrepreneurs who used the funds from the sale of their previous co-working startup, Green Desk.

India’s eye care sector is likely to witness a boom in mergers and acquisition (M&A) activity as it hits an inflection point from where organized players looking to build a national footprint will try and disrupt a market which has traditionally been dominated by mom-and-pop shops, according to several eye care entrepreneurs and industry watchers ET spoke with. The M&A boom could witness the emergence of four or more large players who could collectively own over 2000 eye hospitals in the next five years with a national footprint. As much as half of their expansion could come through acquisitions, as per industry watchers.

Iranian authorities did little to enforce the law on women covering their hair but now the country's theocracy is pushing to make businesses the new battleground over the mandatory headscarf. The effort comes ahead of the first anniversary of nationwide protests that erupted after the Sept. 16 death of Mahsa Amini in the custody of the country's morality police.