Citi Financial News

By Ananth Aravamudan

Once a quaint town known for its peaceful charm, Panchkula is witnessing a remarkable transformation in its real estate landscape. Property prices in this serene region are soaring, as homebuyers flock to embrace the beauty and tranquility that Panchkula has to offer. Many developers including DLF and the Motia Group, to name a few, have witnessed significant appreciation in prices for their projects.

Nirmala Sitharaman said the government has decided to allow companies to list at the International Financial Services Center (IFSC) GIFT City to start with before expending this to other countries. Generally, companies incorporated and operating in a country are listed on local stock markets. However, some new-age companies require sophisticated investors who are willing to take big risks.

PVR Inox, the multiplex chain operator, on Tuesday reported a net loss of ₹44.1 crore in the quarter ended June 2023 as compared to a net profit of ₹68.3 crore in the year-ago period. The company’s net loss, however, narrowed sequentially from ₹285.7 crore in the previous quarter. Revenue from operations in Q1FY24 increased 31.7% to ₹1,266.6 crore from ₹961.5 crore, YoY.

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Morgan Stanley's Emea head Clare Woodman has been appointed to chair a panel of City grandees that advises the Financial Conduct Authority.

A post shared by Akasa Air (@akasaair) Akasa initially placed an order of 76 aircraft with American OEM Boeing. However, at the Paris Air Show 2023, the airline placed another order of four more Boeing 737-8, as per international expansion plans.

WION quoted state media reports on 1 August. As per a junta spokesperson, the popular Myanmar ousted leader's sentence has been reduced by six years in total. She was arrested two years ago in a daytime coup, following which a military junta took over the reins of Myanmar.

Nirmala Sitharaman announced that the government would soon unveil rules on allowing Indian firms to list directly on overseas exchanges and at the International Gift City exchange in Gujarat. Next, the securities market regulator Sebi said it was working on introducing a T+zero settlement cycle, meaning instantaneous settlement of stock market transactions. There was also a media report that the government and the RBI are working on an alternative to the global payment messaging system Swift.

BBC, After taking control in 2021, the Taliban has imposed several restrictions, one of which includes a prohibition on public music performances. Ahmad Sarmast, the Afghanistan National Institute of Music's founder, condemned these measures, comparing them to acts of "cultural genocide and musical vandalism." Ahmad Sarmast, Afghanistan National Institute of Music founder, said to BBC that the actions are "cultural genocide and musical vandalism". "The people of Afghanistan have been denied artistic freedom… The burning of musical instruments in Herat is just a small example of the cultural genocide that is taking place in Afghanistan under the leadership of the Taliban," Dr Sarmast, who is now based in Portugal, told the BBC.

₹692 crore, the ministry of Jal Shakti said. The projects were approved at the 50th meeting of the executive committee under the chairmanship of G. Asok Kumar, director general, NMCG.

Protesters allegedly trespassed at the Perth home of Woodside chief executive Meg O’Neill in an operation she said was deliberately designed to threaten her and her family.

Beijing, state media said Tuesday, in downpours that have submerged roads and deluged neighbourhoods with mud.Storm Doksuri, a former super typhoon, had swept northwards through China since hitting southern Fujian province on Friday after first scything through the Philippines. Heavy rains began pummelling Beijing and its surrounding areas on Saturday, with nearly the average rainfall for the entire month of July dumped on the capital in just 40 hours. Swathes of suburban Beijing remain badly hit by the rains — some of the city's heaviest in years.

Aditya Birla New Age Hospitality has announced a deal to add four restaurant brands — Hakkasan, Yauatcha, Nara Thai and CinCin — to its portfolio. The hospitality arm of Aditya Birla Group has acquired 100% stake in KA Hospitality Private Limited (KAH), the company that owns the home-grown brand CinCin and franchise rights of the other three global restaurant brands. The four brands are positioned across the customer value pyramid, spanning the mid-market to premium segments.

celestial show in August 2023. Skygazers and astronomy enthusiasts worldwide are in for an astronomical treat, as not one, but two captivating Supermoons, along with a rare Blue Moon, will grace the night skies. These mesmerizing lunar events are set to captivate viewers with their luminous splendor and cosmic significance.

Mumbai local trains update: Due to some technical issues, several Mumbai local AC services will be affected on Tuesday, said Western Railway. On Tuesday, many AC services will run as non-AC regular services today.

Homegrown self-tanner and skincare brand Bondi Sands has been offloaded to Japan’s chemical and beauty giant Kao Corporation in a cash deal estimated to be worth $450 million.

The October gold futures were trading at Rs 59,879 per 10 grams on the MCX in the opening trade, down by Rs 203 or 0.34% from Monday's closing price. Meanwhile, September Silver futures were trading at Rs 75,095 per kg, lower by Rs 332 or 0.44%. Track prices here MCX Gold ended up by 0.52% on Monday, while silver futures went up by 1.83% or Rs 1,352.

These moments, which might seem unrelated, represent a transformation in world trade. US-China tensions and Russia’s invasion of Ukraine are leading companies to bring supply chains closer to home. A shift from fossil fuels is spurring demand for materials essential for electrification.

long COVID, an anxiously awaited step in U.S. efforts against the mysterious condition that afflicts millions. Monday's announcement from the NIH's USD 1.15 billion RECOVER project comes amid frustration from patients who've struggled for months or even years with sometimes-disabling health problems — with no proven treatments and only a smattering of rigorous studies to test potential ones.

CapitaLand is looking to enter real estate funding and scale the renewable energy segment as it continues to expand its portfolio of office and industrial parks, Sanjeev Dasgupta, CEO, CapitaLand Investment India and CapitaLand India Trust, told ET. The company currently has about 22 million square feet of business parks and about 7.5 million square feet of industrial parks. It plans to scale up the portfolio to 50 million square feet in the next three years.