Citi Financial News

Kolkata Police have revealed that Kolkata boasts the highest vehicular density among all Indian metros, with 2,448 vehicles per kilometre of road. This finding echoes the lived experience of many Kolkatans, who are grappling with increasingly prolonged commutes due to mounting traffic congestion. Over the past five years, average trip times within the city have doubled, aligned with a significant surge in personal vehicles and a decline in public transportation, primarily attributed to the pandemic.

TikTok and other social media, are deciding their work lives shouldn’t unfold inside factory walls. Demographic shifts are playing a role. Young people in Asia are having fewer children than their parents did, and at later ages, which means they are under less pressure to earn a steady income in their 20s.

Khan's party on Monday petitioned the Islamabad High Court to shift the jailed former prime minister from the Attock jail in Punjab province to Rawalpindi's high-security Adiala prison, keeping in view his affluent family background, social and political status. In a petition, the lawyer of the Pakistan Tehreek-e-Insaf (PTI) party requested the Islamabad High Court to transfer the deposed premier where A-class facilities are available, adding that his family, lawyers and his physician Dr Faisal Sultan should be allowed to meet him.

semiconductors. These so-called strategic, emerging industries now account for over 56% of Hefei’s industrial output, compared with less than 27% in 2013. Whatever local officials have been doing, it appears to be “the right mix of industrial policy and private-sector mojo," says Robin Xing, an economist at Morgan Stanley and a Hefei local.

video was shot from a car which was also waiting at the same signal. Since the video has been posted, it has got over 58,000 views on Facebook. In the comments sections, netizens looked divided by the whole situation.

₹6,600-6,800 over the corresponding 2019 figures. For the month, the most growth in room occupancy was seen in metro cities of New Delhi, Mumbai, Kolkata, Chennai and Kochi, of up to 5%.

Vande Bharat Express train along the Patna-Jhajha-Asansol-Howrah route was successful compelted on Saturday, marking a significant step toward its operationalization. As per a ToI report, the trial run was completed in six and a half hours.

Narendra Modi launched a new capital expenditure (capex) programme worth ₹24,470 crores to revamp 508 railway stations on Sunday. Share of Indian Railway Finance Corporation Ltd (IRFC) and Ircon International Ltd gained over 6%, and touched 52-week high, while shares of Rites Ltd, Railtel Corporation of India Ltd, and Jupiter Wagons Ltd gained over 0.4% to 5%.

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Andrew Lawson, who runs the Australian branch of Italian renewable energy company Fera after playing a key role in the development of Melbourne’s City Link road project, says it’s much easier to build a freeway in Victoria than a wind farm.

BEST remained off roads on Monday as drivers of the private bus operators continued their strike for the sixth day over salary hike and other demands, officials said. Sunil Vaidya, spokesperson of the Brihanmumbai Electric Supply and Transport (BEST), said the public transport body operated 603 wet leased buses with its own drivers on various bus routes, along with operating around 1,390 of its own buses.

New Delhi: Adani Energy Solutions on Monday announced the successful financial closure for its $1 billion Green HVDC link project, which will enable supply of more renewable power to the city and support its rising electricity demand. The credit facility is part of the $700 million revolving project finance initiative tied up in October 2021 for AESL’s ongoing transmission assets portfolio.

Adani Energy Solutions Limited (AESL) on Monday announced financial closure for its $1 -billion green high voltage direct current (HVDC) link project. It will enable further ‘greening’ of the Mumbai Grid by supplying more renewable power to the city while supporting its rising electricity demand, the company said in its press release. The 80 km multi-faceted project’s construction work for this link will begin in October this year. The credit facility is part of the $700 million revolving project finance facility tied up in October 2021 for its under-construction transmission assets portfolio. The banking consortium for the platform infrastructure financing framework comprised nine international banks including DBS Bank Ltd., Intesa Sanpaolo S.p.A., Mizuho Bank Ltd., MUFG Bank Ltd., Siemens Bank GmbH, Société Générale, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation and The Hong Kong Mortgage Corporation Limited.“This link is the need of the hour for the city and will support its growth aspirations. It showcases our commitment to offering Mumbai a brighter and greener future. The project will help accelerate the city’s decarbonization and its net zero journey,” said Anil Sardana, MD of AESL.

m-cap companies, RIL is also expecting to move forward with the plan of the public listing of Jio Financial Services. Other than its expansion plans, the company also seeks the appointment of Mukesh ambani as chief executive for another 5 years at nil salary according to a company shareholder resolution. -The company will hold its much-awaited 46th Annual General Meeting (AGM) on August 28, 2023.

quarterly numbers that came as a surprise to many investors. On the other hand many were expecting the company to turnaround soon. Yesterday, Zomato share price spiked around 15% in intraday trade.

Panchayati Raj system in villages. «No concrete efforts were made to strengthen the Panchayati Raj institutions during the Congress rule,» he said after inaugurating the 'Haryana Kshetriya Panchayati Raj Parishad', a two-day BJP event, via video conference.

Lionel Messi's free-kick magic in Inter Miami's first road game. Once again, history repeated itself as Messi scored a mesmerizing free kick, leading his team to a thrilling victory over FC Dallas in a Leagues Cup elimination match. In his third consecutive two-goal game for Inter Miami, Messi's 85th-minute goal brought the score to a 4-4 tie, evoking memories of his game-winner in his debut match.

Imran Khan, Pakistan's popular opposition leader, is now an inmate at a high-security prison after being convicted of corruption and sentenced to three years. It's the most dramatic twist yet in months of political and legal wrangling between Khan and his political rivals since he was toppled in a parliamentary no-confidence vote in April 2022.

Incitec Pivot might be edging closer to selling off its Australian fertilisers business – with Indonesia’s Pupuk Kaltimunderstood to be the preferred bidder – but Morgan Stanley isn’t so sure it’s going to sail through.

Heritage Foundation V.P. of Foreign Policy James Carafano on Ukraine President Zelenskyy blaming lack of munitions for slowed counter offensive, and the U.S. and its allies conducting military exercises in Australia.

Donald Trump said Sunday he will petition to have a different judge oversee his historic criminal trial and for the case to be moved out of Washington. The twice-impeached Republican, who is seeking a return to the White House in 2024, has unleashed a stream of invective against those prosecuting him or running the case in which he faces charges over attempts to overturn the 2020 election results and defraud the United States. His latest target: US District Court Judge Tanya Chutkan, the appointee of Democratic former president Barack Obama who was randomly assigned to the case in Washington.