Citi Financial News

In what’s shaping up to be the biggest weekend for Hollywood at the box office after many months, Christopher Nolan’s Oppenheimer and Greta Gerwig’s Barbie are set to engage in a theatrical clash, generating immense excitement not only for the viewers in their home market but also among Indian fans. Nolan’s devoted fan base and the movie’s positioning as a big-screen spectacle shot on IMAX are helping the epic Robert Oppenheimer biographical thriller dominate advance ticket sales in India.

QS Best Student Cities survey that showcases the best urban destinations for international students. Mumbai (118th) is India’s highest-ranked city, followed by Delhi (132nd), Bengaluru (147th) and Chennai (151-160) in the 11th edition of the Quacquarelli Symonds’ Best Student Cities survey. One areas of concern for all Indian cities is the desirability indicator – which considers metrics related to quality of life, pollution index, safety, and the propensity of prospective students to select a city for their university experience — where no Indian city made it to the global top 100.

A few years ago, this small town on the border with China was a few dusty lanes surrounded by tropical forests. Now, a nearly $6 billion Chinese-built railroad cuts through it—and a city is rising. Dozens of half-constructed office towers and warehouses rise into the skyline.

schools shut on 20 July owing to the heavy rains in the state and the warning by the weather department that the rains may continue on Thursday. "In view of the continuous rains in Mumbai, considering the safety of the students, the Municipal Corporation has declared a holiday for tomorrow, 20th July, for primary, secondary, and higher secondary schools (Nursery to Class 12) of all management in the Mumbai Metropolis," said Brihanmumbai Municipal Corporation (BMC). The State Disaster Management Unit of Thane, Palghar, Raigad, Ratnagiri, and Sindhudurg districts have also decided to keep the schools shut on Thursday.

Chinese companies wanting to go public in Hong Kong have had a hard time getting international investors to buy their shares. Local governments in China are stepping up to help fill the void—and seeking more in return. Listings in Hong Kong raised just $2.6 billion this year, down 47% from the same period last year and far below 2021 levels, according to Dealogic.

Deadly heat waves are upending daily life in large parts of the U.S., Europe and Asia, as warming oceans and unprecedented humidity fuel one of Earth’s hottest summers on record. Meteorologists say last month was the hottest June on record and 2023 could be the hottest year ever if July’s record temperatures continue, straining businesses and threatening power grids .

New Delhi/Bengaluru NTT Ltd, which merged its data centre and information technology (IT) services divisions last October, is bullish on India, having announced a five-year, $2.5 billion investment in January to build data centres in Maharashtra. In a recent interview, Abhijit Dubey, global chief executive NTT, and NTT India CEO, Avinash Joshi, shared the company’s roadmap while explaining why India is NTT’s largest employee base outside its home turf of Japan, and how artificial intelligence (AI) will influence demand for data centres, among other things. Edited excerpts: What is the extent of operations for NTT in India? Dubey: We have about 40,000 employees in India, and it’s the largest outside NTT’s home base in Japan.

Railway Board is planning to run non-air conditioned, general category trains for low-income groups like migrant workers and labourers across the country as part of its regular timetable, senior officials said Wednesday. Usually, such special trains are run during festival time or in summer when there is a rush due to the holiday season. The new trains will, however, be permanent fixtures.

India and Pakistan will play the Asia Cup matches at the neutral venue of Kandy in Sri Lanka. The decision was taken after the cricket regulators of the two sides failed to reach a compromise on the issue. The two neighbors have bitter relations and they have fought a few wars. The political and diplomatic ties between them worsened after 2013. Pakistan and Sri Lanka are the co-hosts of the tournament that will be held from July 30 to August 17. The final match will be held in Sri Lanka. Afghanistan, Bangladesh, and Nepal will be the other contenders in the six-team 50-over competition. Nepal, India, and Pakistan have been put in group A. Two teams from each group of three teams will advance to the Super Four stage to decide the teams that will play the final. The first Super Four match will be held in the Pakistani city of Lahore before it moves to the Sri Lankan city of Colombo. But the groups are made in such a way that India will not have to play in Lahore. The only group match between India and Pakistan will be played in Kandy on September 2. The inaugural match of the Asia Cup cricket will be held on August 30 in the Pakistani city of Multan between Nepal and Pakistan. Bangladesh will take on Sri Lanka on August 31 in Kandy whereas Afghanistan will take on Bangladesh on August 3 in Lahore. Nepal will meet India in Kandy on September 4 and Afghanistan will take on Sri Lanka on September 5 in Lahore.

disaster management teams in view of the incessant rainfall in the city. The Raigad district administration said of the six major rivers in the district, Savitri and Patalganaga were flowing above the danger mark. The water levels in Kundalika and Amba rivers have reached the 'alert' mark, while Gadhi and Ulhas were flowing close to the alert mark, as per the district administrations.

The Financial Conduct Authority's chief executive has pledged to continue the watchdog's crackdown on non-financial misconduct, as the City reels from the sexual harassment allegations against former titans including Crispin Odey.

As the heavy rains lash Mumbai, the government has announced that all schools in the city will remain shut on Thursday (20 July). The order came as the commercial capital of India is battering with continuous rains for last two days.

The main casino workers union in Atlantic City is being led by a woman for the first time in its 107-year history

Bharat Benz in collaboration with Reliance Industries showcased India's first intercity luxury concept coach powered by Hydrogen Fuel Cell technology at the fourth Energy Transitions Working Group meeting under India’s G20 Presidency at Goa. The luxury intercity coach is powered by a fuel cell system, which is designed and developed by Reliance Industries, using state of the art components from international partners with significant localization, said Nitin Seth, CEO, New Mobility, Reliance Industries in a LinkedIn post on Wednesday.

Canada’s luxury housing market has bounced back in recent months, but it’s also undergone a major change: the country’s four biggest markets can no longer be painted with the same broad brush.

Mumbai rains have affected the vehicular and train movement in the region with several trains on the Central Line operating only up to Thane and Dombivli on Wednesday afternoon due to a point failure at Kalyan and flooding between the Ambernath and Badlapur sections. An official statement mentioned that train services on the Chhatrapati Shivaji Maharaj Terminus (CSMT)-Belapur route were operational.

New Delhi (India), July 17: The inaugural City Champions Summit today recognised and awarded 15 top Indian organisations driving urban transformation. The 15 innovators honoured at the event were chosen by a 9-member jury from across the country.

₹6,000-6,200 in this fiscal and the occupancy is expected to be at decadal highs. The RevPAR is expected to remain at a 20-25% discount to the FY08 peak. Consistent improvement in consumer sentiments despite the inflationary environment, stable corporate performance, and domestic air passenger traffic inching above pre-covid levels augur well for travel and hotel demand.

₹70 per kilogramme from Thursday from ₹80 per kg now.  The government is selling tomatoes to people at a subsidised rate of ₹80 a kg in Delhi-NCR and some other key cities through the National Cooperative Consumers' Federation of India (NCCF) and the National Agricultural Cooperative Marketing Federation of India (NAFED). In the national capital, the rate of tomatoes has come down to ₹120 per kg. Although, the key kitchen item is selling as high as ₹245 per kg at some places.

An upcoming movie about a man who changed the course of the world’s history by shepherding the development of the first atomic bomb is expected to be a blockbuster

Russia unleashed intense overnight drone and missile attacks that officials said damaged critical port infrastructure in southern Ukraine, including grain and oil terminals, and wounded at least 12 people