Citi Financial News

Funding in the Indian fintech sector dropped 67% on year during the first half of 2023, an industry report released on Monday by market intelligence platform Tracxn said. In the first six months of 2023, Indian fintechs raised $1.4 billion, a significant drop from $4.3 billion in the same period last year. This trend has continued from the second half of 2022 when funding in the space hovered around $1.5 billion only.

Linklaters has become the latest legal powerhouse to report stagnating profit amid a tough market for the City's lawyers.

Toyota Motor Corp has dismissed some workers at one of its plants in China, three workers told Reuters, as the Japanese automaker struggles with a price war and sales slump in the world's largest auto market. The joint venture between Toyota and China's state-owned Guangzhou Automobile Group (GAC) laid off the workers over the weekend and offered them compensation, said the workers, who declined to be named for privacy. The workers affected were hired by labor service companies and dispatched to work at the factory of GAC Toyota in the southern city of Guangzhou.

mosque — just hours after beginning the exercise Monday morning — following a Supreme Court order. The Varanasi district court had ordered the ASI Friday to conduct a survey, using technologies like ground penetrating radar and excavations, if necessary, to determine if a temple existed earlier at the same place. The mosque is located next to the Vishwanath temple.

OpenAI's Altman and Worldcoin co-founders Alex Blania and Max Novendstern, say that 4.4 billion people lack a legal, digitally-verifiable identity, hindering their ability to access the global economy and things like government aid, financial services and healthcare. Worldcoin has set itself the ambitious target of creating "universal access to the global economy regardless of country or background" and enabling "global democratic processes" in the age of AI.

Greta Thunberg is set to go on trial on Monday charged with disobeying police at a rally last month, in which activists blocked the port in the city of Malmo. She is due to appear before the court in the southern Swedish city at 0930 GMT. The 20-year-old activist «took part in a demonstration that disrupted traffic» and «refused to obey police orders to leave the site», according to the charge sheet seen by AFP. She faces a maximum sentence of six months in prison, but prosecutor Charlotte Ottosen told AFP that usually these types of charges result in fines. The rally, organised by environmental activist group «Ta tillbaka framtiden» (Reclaim the Future), tried to block the entrance and exit to the Malmo harbour to protest against the use of fossil fuel.

Shree Renuka Sugars, PVR Inox, Atul, Amara Raja Batteries, and City Union Bank. Let's delve into their recent accomplishments. (Data Source: StockEdge)1. Shree Renuka SugarsShree Renuka Sugars made a significant move on July 21, 2023, surpassing its 100 SMA at Rs.

DevX has set up a coworking center spread over 1.80 lakh sq ft on Sindhu Bhavan Road in Ahmedabad. This hub, the managed office space provider’s fourth facility in Ahmedabad, has over 3,000 seats and is the largest coworking space in Gujarat.

Coast Guard on Monday successfully carried out a risky mid-sea medical evacuation of a sailor, suffering from a suspected stroke and partial paralysis, from a private tanker off the Kerala coast amidst challenging weather conditions using the indigenously built Advance Light Helicopter (ALH) MK-III. The Coast Guard said it received information about the distressed crew member, Pradeep Das, on Sunday through the Centro Internazionale Radio Medic (CIRM), Italy.

KSH Distriparks launches Pune’s first Domestic Container Storage Facility — the first-of-its-kind facility for ICD customers in the city. KSH Distriparks is Pune’s leading logistics service provider for container logistics solutions that offer a seamless transportation network, buffer yard solutions, ocean imports, bonded warehouse facilities, and DPD transportation services. The new cargo storage facility is built at their SOC 40`HQ in Pune and has introduced a unique value-added service — Container Leasing Solution.

Moneycontrol citing sources, the company has also relinquished a part of another office space in the same city, according to insiders. As per the report, Byju's, which had three office spaces in Bengaluru, including the 5.58 lakh square feet property in Kalyani Tech Park, has now vacated this particular location. As of July 23, at least six employees confirmed that the company has asked its employees to either work from its other premises or work remotely from their homes.

By Anna Tong

Magic Circle law firm Slaughter and May has become the latest City giant to set a hiring target from lower social backgrounds.

A recent report from work-as-a-service platform Awign decodes this trend with some data from the ground. These numbers are based on observed data and so may not be representative of the broader population. But these can still provide some trends to employers on the type of such freelance roles that organisations are looking for. For jobseekers, it can give some insights into where qualified people can find opportunities. Using data from ASSOCHAM, the report says: “India had 15 million independent workers or freelancers in 2020, with industries like IT, finance, HR and design hiring people on a project basis. Notably, the number of tech companies onboarding independent workers has seen an uptick. A November 2022 survey by NASSCOM, Indeed and AON found that the share of Indian tech companies hiring gig workers rose to 65 per cent in 2022 compared to 57 per cent in 2020.” Indeed, the overall demand for gig work has gone up after the pandemic. But one of the more intriguing results the data shows is an increased demand for people with graduate degrees.

Barbenheimer' craze is taking over India. With 'Oppenheimer' and 'Barbie' hitting the screen nationwide last week on July 21 (Friday), the clash of the titans at the box-office has been an epic one.

AP, the unexpected hospitalization of Netanyahu for a pacemaker implant has introduced another surprising development to an already dramatic series of events that have deeply divided the nation and are expected to significantly impact Israel's future. The parliamentary vote scheduled for Monday is anticipated to pass the initial significant legislation in the contentious judicial overhaul plan. Netanyahu's doctors confirmed on Sunday that the procedure had been successful.

₹apiece on the BSE. One 97 Communications, the parent company of Paytm, narrowed its consolidated net loss to ₹357 crore in the April-June 2024 period from ₹644 crore in the corresponding period last year.  However, the company’s net loss has widened when compared to a loss of ₹168 crore reported in the March quarter. Paytm’s revenue from operations during Q1FY24 rose 39.4% to ₹2,341 crore from ₹1,679 crore in the year-ago period.

The August gold futures were trading in the red at Rs 59,220 per 10 grams on the MCX when markets opened, down Rs 89 or 0.15% from Friday's closing price. Meanwhile, September Silver futures were trading at Rs 74,722, lower by Rs 248 or 0.33%. Gold and silver futures ended in the red in the previous session.

coal over the next seven years. But not Japan, which stands alone in insisting it can make coal less damaging to the planet. Nowhere is that more evident than at the nation’s largest coal-fired power plant in Hekinan, a small city in central Japan.

Biden has represented her country at the Olympics in Tokyo, a king's coronation in London and a royal wedding in Jordan. She gets another chance to put her ambassadorial skills to work this week when the United States formally rejoins a United Nations agency devoted to education, science and culture around the globe. Biden was arriving in Paris early Monday after flying overnight from Washington to join other VIPs and speak at a ceremony Tuesday at the headquarters of the United Nations Scientific, Educational and Cultural Organization.

Gurugram is one of the most desirable luxury real estate markets in North India. Assimilation of international technology to meet modern-day consumer demand, which typically consists of millennials and Gen-Zs, has slotted Gurugram as one of the most viable hotspots for luxury residential units, says Vikas Garg, Joint Managing Director, Ganga Realty.