Citi Financial News

Subscribe to enjoy similar stories. It’s not uncommon to find home buyers who want to sell their property before paying back the loan on it. Take the case of Aarav, who was looking to shift to a different city.

The Canadian Real Estate Association (CREA) says the number of homes sold in November rose 26 per cent compared with a year ago, marking the second straight month of large year-over-year gains.

Should underage gambling no longer be a crime

Goa emerging as the most searched domestic destination, according to Make My Trip’s latest report, named Travel Search & Booking Trends in India for Year-End 2024. The top 20 domestic cities account for 40% of all travel searches, with hill stations gaining significant traction. Notably, Manali, Varanasi, Mussoorie, and Udaipur reported double-digit growth in search interest, reflecting the growing preference for cooler, scenic retreats. Nearly 40% of the top destinations feature hill stations across North and South India, highlighting a widespread demand for nature escapes. This year, the travel rush peaks on December 21st—the Saturday before Christmas—similar to last year. However, a notable surge in searches for December 25th indicates that many travelers plan to extend their holidays through the New Year.

Subscribe to enjoy similar stories. DUBLIN—When Mikey Cullen’s parents were in their early 20s, they earned enough as public-sector workers to buy a house in the city. Today, Cullen is a 27-year-old high-school teacher who lives with his mother.

Mexico’s anti-monopoly regulators have imposed special conditions for a period of 10 years on Walmart’s Mexico subsidiary for allegedly pressuring suppliers

New Jersey’s red-hot internet gambling market continued to smash records in November, even as revenue inside physical casinos continued to lag behind pre-pandemic levels at six of Atlantic City’s nine casinos

The project is part of the “Brand Bengaluru” campaign to improve the city’s infrastructure. The underground corridor will house optical fiber cables for telecommunications and power lines. The city already has about 15,000 kilometers of ducts, which will be used for the new corridor. “The ambitious project aims to establish an extensive underground utility corridor across Bengaluru, replacing the existing overhead OFCs with a robust, city-wide optical fibre network that will integrate both telecommunications and electrical infrastructure. A significant portion of the ducts—approximately 3,400km long — has been allocated to electricity utilities such as Bescom, and Smart City projects,” said BBMP chief engineer BS Prahalad.

Taylor Swift intends to remain in Kansas City despite the break-in at Travis Kelce's mansion. The famous couple is anticipating a special holiday season together. Taylor Swift is content to relax and watch Travis Kelce get down to business after having the time of her life in 2024. The superstar singer is now formally, and rightfully, putting her feet up for the holiday season after performing the final of an amazing 149 shows on her successful Eras tour last weekend, as quoted in a report by The US Sun. Taylor will spend some time in Kansas with boyfriend Travis, according to a report by The U.S. Sun. This comes just one month after robbers broke into the mansions of Taylor and his friend Patrick Mahomes. Travis is frantic to get his first-ever Super Bowl jersey back, as well as expensive watches and other items that were taken during the raid.

Magenta Mobility on Monday said it plans to add 10,000 electric vehicles — both three and four-wheelers — over the next financial year and is also looking at expanding into new cities such as Nashik, Nagpur, Vijayawada, Indore and Kolkata, among others. The company also said that after establishing a strong presence in the electric three-wheeler space, it is now aggressively expanding into the four-wheeler category. With a fleet exceeding 500 electric cargo four-wheelers, Magenta Mobility is transforming urban and intercity logistics, it said. Building on its leadership in the three-wheeler EV segment, where it serves major clients in the e-commerce space, Magenta Mobility is now aggressively expanding into the four-wheeler category, the company said.

Subscribe to enjoy similar stories. Scale is crucial in the wealth-management business, but it needs to be the right kind of scale. Managing money for the rich is today’s golden goose in banking, because it generates stable fees and has low capital requirements.

office space leasing of 83-85 million sq ft, beating the previous peak volume of 2023 by 13% y-o-y. According to Cushman & Wakefield, India’s rising attractiveness as a destination for GCCs has had a big influence on demand, as GCCs now account for 30% of gross leasing volume (GLV), with the share slated to rise further. Growth was also driven by healthy volumes seen in the IT-BPM, BFSI, Engineering & Manufacturing (E&M) and flex operator spaces.

luxury brands are increasingly eyeing India as a key market for their expansion, tapping into the country's growing appetite for premium products. As wealth rises and aspirations soar, India is emerging as a critical battleground for luxury retailers, a trend that has only accelerated since the pandemic. One of the most significant shifts in the luxury landscape is the influx of global brands aiming to diversify their markets. With China facing an economic slowdown, luxury giants are now looking beyond their traditional markets, and India is quickly becoming one of their top choices. «India is one of our fastest growing markets though our presence is currently concentrated in Delhi and Mumbai. Over the next decade, we anticipate India to become one of the most promising markets for the luxury industry, particularly for fine watches,» Jean-Marc Pontroue, CEO of Panerai, told ToI.

EV charging demand and to achieve the mission of over 30 per cent electrification, as per a report by industry body FICCI. According to the 'FICCI EV Public Charging Infrastructure Roadmap 2030' put out on Monday, to achieve profitability and scalability, India needs to aim for higher utilization of charging stations. The report further suggests that the top 40 cities could be prioritized for scaling up public charging infrastructure. The report argued that those top cities are expected to have higher EV penetration in the next 3-5 years given the current EV adoption rate, and favourable state policies.

Shoppers laden with bags from Fendi, Loewe, Prada and other designer labels clog the narrow sidewalks of Milan’s swankiest shopping street

The new year will usher in the bitcoin-friendly administration of President-elect Donald Trump and an expanding lobbying effort in statehouses

Subscribe to enjoy similar stories. MobiKwik’s initial public offering (IPO) subscription is complete, and it’s all set to make its market debut soon. But there’s something different about this IPO that’s got everyone talking.

Subscribe to enjoy similar stories. Today's edition of Stocks Made Easy shines a spotlight on a luxury car rental services company. We first featured this company a month ago, during a deep dive into stocks trading below their book value—a trend that gained traction when the buzz around Elcid Investments’ boom was just hitting mainstream attention.

Andrew Witty of UnitedHealthcare, sent this message to the major insurer's employees in the hours after his co-CEO Brian Thompson was shot dead outside a Manhattan hotel on Dec. 4.

Reliance Industries Limited (RIL) shares will remain in focus on Monday after the company announced the acquisition of a 74% equity stake in Navi Mumbai IIA Private Limited (NMIIA) for Rs 1,628.03 crore. The deal, approved by RIL's Board of Directors on December 11, 2024, was completed following consent from the City and Industrial Development Corporation of Maharashtra Limited (CIDCO), which waived its rights of first refusal on December 12, 2024.

Subscribe to enjoy similar stories. Think about it: The number of taxpayers filing returns of over ₹1 crore has increased fivefold in a decade, from 44,078 in 2012-13 to 230,000 in 2022-23. Also, according to Avendus, company promoters have sold a combined total of nearly ₹3 trillion since 2019-20.