Citi Financial News

Fly91, a new airline helmed by top aviation veterans has been allocated its first set of routes under the Government of India’s Regional Connectivity Scheme (RCS) UDAN. The routes given under UDAN 5.0 will see FLY91 connect the cities of Sindhudurg, Jalgaon, Nanded and Agatti with business and leisure destinations of Bangalore, Goa, Hyderabad and Pune.

The World Health Organization (WHO) has identified a case of Middle East Respiratory Syndrome Coronavirus (MERS-CoV) in a 28-year-old male from United Arab Emirates (UAE), it said in a statement. According to WHO, the patient is a resident of Al Ain city in Abu Dhabi, and had no travel history. He also presented no history of direct or indirect contact with dromedaries (camels), goats, or sheep.

How the journey beganThe group’s journey began in 1993 with the construction of a commercial structure in then Bangalore that paved the way for bigger, better things to follow. At the turn of the century, with the onset of Information Technology (IT), the Garden City was poised for exponential growth.

For the June quarter, the bank is expected to report a 45.4% year-on-year (YoY) growth in net profit to Rs 5,999 crore, according to the average of estimates given by 14 brokerages. Net interest income — the difference between interest earned and interest expended — is expected to increase 28% YoY to Rs 11,981.4 crore. The private sector lender is scheduled to release its earnings on Wednesday.

Manchester United has had inconsistent recent performance. They triumphed over Fulham and Sevilla, but they also lost to Sevilla and drew with Brighton, which was disappointing. They also narrowly lost to Manchester City. On the other hand, Real Madrid has shown strength with victories over Chelsea and Osasuna, as well as a draw against Manchester City. However, they faced a heavy defeat against Manchester City in the second leg of UEFA Champions league. Key Signing

Dave Chappelle has announced the dates for his stand-up comedy tour this fall. Chicago and New York are two of the major cities in his 12-city tour in the US. He will present his stand-up act in the ‘Dave Chappelle Live’ tour on October 4, 2023, at the United Center in Chicago.

Paytm E-commerce Pvt Ltd (PEPL) on Tuesday said it has partnered with ONDC and NCCF to sell tomatoes at Rs 70 per kg in Delhi-NCR. On behalf of the central government, co-operatives National Cooperative Consumers Federation (NCCF) and NAFED are already selling tomatoes at Rs 70 per kg to retail consumers through mobile vans in Delhi-NCR and a few select cities.

Snack company Mondelez India is expanding its manufacturing plant's capacity at Sri City in Tirupati district and Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy virtually took part in the foundation stone-laying ceremony on Tuesday. With an investment of Rs 1,600 crore, this project, first announced during the Global Investors Summit (GIS) in Visakhapatnam is taking off now.

₹1,600 crore for add to its chocolate making capacity at its existing manufacturing plant in Sri City, Andhra Pradesh. The move is aimed catering to the growing demand for its brands such as Cadbury Dairy Milk. The investment by the chocolate maker will add to its chocolate-making capacity over the next three years, helping Sri City become one of Mondelēz International’s largest chocolate production plants globally.

Bengaluru’s eateries are expected to hike rates by 10% from August in the wake of rising fuel, gas and milk prices, said the Bruhat Bangalore Hotel Association (BBHA). ET has learned that the association is set to meet Central and state ministers next week to discuss commodity price control. Hoteliers in the city have been warning about a potential price hike for a month, with rising commodity costs.

This time, it was the turn of Uttar Pradesh's Noida where around 300 cars got submerged due to increase in the water level of Hindon river. The cars were in the Ecotech 3 area. It is not clear whether it was a yard for new cars or a private garage.

PTI on 25 July. As per details, Anju (34), was staying at her 29-year-old Pakistani friend Nasrullah's home in the Upper Dir district of Khyber Pakhtunkhwa, where they became friends on Facebook in 2019. Amid tight security, both Fatima and Nasrullah tied the knot in a local court of a district and sessions judge.

11th Season of its infamous Dosti Friendship Month. As part of its ongoing commitment to fostering strong customer relationships, Dosti Realty returns with an array of exclusive prices, discounts, and enticing offers, serving as a testament to its enduring friendship with customers. This annual extravaganza will run throughout the month of August.Projects that are covered by offers during the 11th Friendship Month include Dosti Eastern Bay-Wadala, Dosti Mezzo 22 - Sion, Dosti Eden- Thane (W), Dosti Nest and Dosti Heron in Dosti West County, Balkum-Thane (W), Dosti Planet North - Shil Thane and Dosti Greenscapes - Pune, offering a once-in-a-lifetime opportunity to make your home buying dreams come true.  In Mumbai city, across the two luxury projects Dosti Eastern Bay – Wadala and Dosti Mezzo 22 at Sion the offers include 0% stamp duty and registration charges with a 30:30:30:10 Payment Plan*, coupled with the advantage of no pre-EMI for 12 months scheme for CLP Plan*.

Whataburger is headed to Las Vegas, set to open on the Strip later this year. The new restaurant will be part of a collaboration with Parry's Pizzeria & Taphouse in a two-story building next to the Waldorf Astoria, expected to open to the public this fall. Whataburger, known as the «better burger» chain with a cult following, has been around for 72 years and operates as a 24-hour restaurant.

By Clare Jim and Karin Strohecker

Santosh Sarangi, IAS, Director General, Directorate General of Foreign Trade, New Delhi, Government of India, today said that currently India's export is USD 450 billion, and to reach USD one trillion mark, the country needs to grow at year-on-year rate of 12%. «Similarly, in service sector we need to grow at 16.6 percent on an average every year,» Sarangi said at the World Trade Day 2023 programme in Bhubaneswar organised jointly by World Trade Centers in four cities, viz. Mumbai, Bhubaneswar, Jaipur and Goa.

As the Amazon may face a catastrophic tipping point that’s eroding its status as a major carbon sink, a new study maps out which banks have pumped the most money into oil and gas extraction from the world’s largest rainforest.

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thief, who had a long spree of robberies including 1,200 burglaries across 14 states over 25. As per ToI report, Police finally got the custody of Nadeem Qureshi (45) in connection with a burglary at Sourav Abasan in Salt Lake that occurred two years ago. He was known for his extravagant lifestyle, owning a range of sedans and dressing up in corporate formals.

Jubilant FoodWorks, which owns Domino’s pizza franchise in India and a few other countries, on Tuesday reported a 25.5% year-on-year (YoY) drop in its standalone June quarter profit at Rs 75.2 crore but its EBITDA margin improved 97 bps sequentially. During the quarter, the pizza-seller reported a 5.6% YoY rise in its revenue to Rs 1,309.7 crore. Its profit after tax (PAT) margin improved by 195 bps sequentially to 5.7% while EBITDA margin came in at 21.1%, higher by 97 bps sequentially.

Bengaluru-Mysuru Expressway, Times of India reported. The report cited a notification from NHAI which states that the movement of high speed vehicles may pose risk to the safety of certain classes of comparatively slow moving vehicles such as bikes, autos, tractors, non-motorized vehicles and others. So NHAI has prohibited six categories of vehicles such as motor cycles (including scooters), three wheelers (including e-carts and e-rickshaws), non-motorized vehicles, tractors with or without trailers, multi-axle hydraulic trailer vehicles and quadri-cycles on the Bengaluru-Mysuru Expressway.