Citi Financial News

A New York judge has dismissed lawsuits filed by Airbnb and three hosts over New York City’s rules for short-term rentals, saying the restrictions are “entirely rational.”

Also read: Theatres get ready for an action-packed holiday weekend Another film trade analyst Sumit Kadel in a tweet on X also noted that the advance booking of the Sunny Deol and Ameesha Patel starrer at B&C tier single screen is even bigger than advance booking of SRK's Pathaan. In a recent tweet on X, film trade analyst Sumit Kadel mentioned that the advance booking for "Gadar 2" has seen a significant increase at national chains. He predicted that the pre-sale ticket count at PVR, Inox, and Cinepolis could reach around 3-3.5 lakh tickets by the night of August 10.

Meanwhile, from the Indian standpoint, investors will be keenly looking at the monetary policy announcements during the day. The October gold futures were trading with losses at Rs 58,966 per 10 grams on the MCX in the opening trade, down Rs 282 or 0.48%. Meanwhile, September Silver futures were trading at Rs 69950, down Rs 266 or 0.38%.

The initiative was launched to boost flood resilience in major cities and make better use of rainwater through architectural, engineering and infrastructural tweaks. But cities remain vulnerable to heavy rain. In July alone, floods and related geological disasters caused 142 deaths and disappearances, destroyed 2,300 homes and caused direct economic losses of 15.78 billion yuan ($2.19 billion), China's emergency ministry said on Monday.

Osaka Gas Co. and Sumitomo Corp.

real estate market is showing robust performance in the second quarter of 2023, with sales maintaining its momentum as new supply continues to pour in. Remarkably, even with the influx of new properties, prices in primary economic hotspots are skyrocketing. The ISB – Housing.com Housing Price Index (HPI) shows an increase of 7.21% in property prices during Q2 2023, a jump from both Q1 2023’s 6.78% and Q2 2022’s 2.83%.

More Chinese citizens and firms are using the digital yuan, China’s central bank digital currency (CBDC), to pay their taxes, state organs, and government-owned banks have claimed.

Also Read: Monsoon tracker: Very heavy rains in these states till 12 August; subdued rainfall activity in these states for the week According to its bulletin, the weather agency also indicated that there is a possibility of isolated heavy rainfall in both western and eastern parts of Uttar Pradesh on Sunday. Light to moderate fairly widespread to widespread rainfall is expected in the eastern part of India. Bihar, sub-Himalayan West Bengal, and Sikkim have the potential to encounter isolated instances of heavy rainfall between Wednesday and Sunday.

BEIJING — Two years after Evergrande's debt troubles, worries about China's real estate sector are coming to the forefront again.

Unicommerce. Growth in gross merchandise value (GMV) also slowed to 23.5% from 73.6%, the company, which helps merchants and brands sell online and manage their inventory, said in a report. Unicommerce chief executive Kapil Makhija said the slowdown in growth was a sign of stabilisation in the ecommerce industry after a couple of years of tailwind gains from Covid-19.

By Clare Jim

Dianne Feinstein, was hospitalized on Tuesday evening after experiencing a fall at her residence, according to a spokesperson. In a statement, the spokesperson said, “Senator Feinstein briefly went to the hospital yesterday afternoon as a precaution after a minor fall in her home. All of her scans were clear and she returned home.” The initial report came from TMZ, with Feinstein's spokesperson, Adam Russell, later informing the San Francisco Chronicle that her hospital stay was «an hour or two.» Feinstein, the oldest currently serving US senator, plans to retire at the end of her upcoming term. The race for her successor is intensifying, with former House intelligence chair Adam Schiff competing against representatives Katie Porter and Barbara Lee. Growing concerns over Feinstein's health have prompted suggestions for her to step down earlier. She was previously absent from Congress for nearly three months this year due to shingles. Since her return, she has occasionally exhibited signs of frailty and confusion. Feinstein was slated to attend a city cable car celebration on August 2 but missed it due to a developing cough, as reported by the Chronicle. The first female mayor of San Francisco, Feinstein was elected to the US Senate in 1992 and led Democrats on the judiciary committee from 2017 to 2021. Similar issues concerning age and health have arisen for other prominent US politicians. Senate Republican leader Mitch McConnell, aged 81, has experienced several falls, and concerns have been raised about his fitness for office.

New Delhi: Retailer Trent Ltd., part of the Tata Group, reported a 44% jump in June quarter profit to ₹148.27 crore from the ₹102.6 crore reported in the year ago period. Standalone revenue from operations grew 53.4% from ₹1,652.86 crore reported in they ago period to ₹2,536.43 crore, the company said in a filing to the exchanges. “Trent witnessed encouraging revenue growth during Q1FY24 amidst relatively subdued market conditions.

Tier-1 cities led the growth in e-commerce volumes in fiscal 2023 as work from office resumed after two years of pandemic-led restrictions, e-commerce enablement SaaS platform Unicommerce said in its annual trends report released Wednesday. “As offices return to regular operations, there has been a notable shift of consumers shifting back to tier I and metropolitan cities for work, resulting in tier I cities exhibiting fast growth in order volumes relative to tier II and tier III cities.

IndoSpace is looking to deploy over $1 billion to acquire new warehousing and logistics assets across India over the next two-three years amid rising demand, led by improved connectivity and government’s supportive policies, said a top executive of the company. The joint venture between Everstone, Singapore-headquartered logistics facilities provider GLP and industrial real estate firm Realterm, will also be developing additional 30 million sq ft warehousing properties in the country.

MUMBAI : I am leaving, but I am still there," said A. M. Naik, the departing chairman of engineering and construction giant Larsen & Toubro (L&T) Ltd, while addressing his final and the conglomerate’s 78th annual general meeting (AGM) on Wednesday.

NEW DELHI : The upcoming long weekend has extended this year’s dream run for India’s hotel companies, with last-minute holiday planners shelling out at least ₹20,000 to spend a single night at any top five-star resort. Taj Lake Palace in Udaipur is charging ₹1.8 lakh for two people for a three-night stay over the weekend, while Taj group-owned Rambagh Palace in Jaipur has a list price of ₹5.9 lakh for four nights for two people for its last few rooms. Accor Group’s Raffles in Udaipur is sold out, while Fairmont in Jaipur charges ₹20,000 a night.

Many Indigenous communities in Canada are in crisis because of a severe shortage of adequate housing. According to a forthcoming study by the Assembly of First Nations and Indigenous Services Canada, First Nations reserves require $135 billion to address this deficiency. And that doesn’t include housing shortfalls in Métis settlements and Inuit communities, which could push the total need much higher.

This stage involves the 12 Premier League teams not participating in European competitions this season. Chelsea and Spurs join after facing challenges in the previous season. Similar to the first round, the second round will be organized regionally, dividing clubs into north and south sections to minimize midweek travel demands. Surprise exits, including Watford, Millwall, and Southampton, have already occurred. As the complete list of clubs advancing to the Carabao Cup's second round becomes known, the potential for more unexpected results looms.

soccer prodigy Da’vian Kimbrough officially signed a contract with the Sacramento Republic, a team competing in the second-tier League Championship of the United Soccer League (USL). The young forward's signing not only highlights his exceptional talent but also cements his status as the youngest athlete in American professional team sports history.

A New York judge has dismissed lawsuits filed by Airbnb and three hosts over New York City’s rules for short-term rentals, saying the restrictions are “entirely rational.”