Citi Financial News

2026 Commonwealth Games in Ahmedabad, and said that acquiring the hosting rights for the 2036 Olympics is its focus. The officials denied reports published in a section of media which suggested that the state authorities may bid to host the 2026 Commonwealth Games at Ahmedabad after Australia suddenly pulled out from hosting the games due to cost concerns.

Bengaluru City Police have arrested five people on charges of plotting a series of bomb blasts in Bengaluru. They were presented before a special court and charged under the Unlawful Activities prevention Act (UAPA). The court has remanded them to police custody for two weeks.

Susan Hall, a prominent figure in London politics, has been selected as the Conservative candidate for the upcoming London mayoral election in May 2024. As the deputy leader and former leader of the London Assembly Conservatives, Hall brings a wealth of experience. In a two-horse race against opponent Mozammel Hossain, she emerged victorious with 57% of the vote. Now, Hall is determined to defeat the incumbent mayor, Sadiq Khan, and offer Londoners the change they need. After securing 57% of the vote, Susan Hall expressed her gratitude for the support she received and emphasized her commitment to bringing positive change to London. As the Conservative candidate, she said she intends to tackle critical issues such as crime, the housing crisis, and the Ultra-Low Emission Zone (ULEZ). Safety is a top priority said, Hall, and she plans to establish a dedicated team within the Metropolitan Police to track down and apprehend muggers and burglars.

Goel Ganga Developments, Pune’s leading developer, has recently ventured into the rental segment. The new venture titled ‘Goel Ganga Rent Easy’ will offer last-mile support to people in Pune, looking out for a place to rent. The full-stack platform also has separate verticals for buying and selling properties. The platform will handhold the buyer throughout their journey giving a seamless renting/ buying/ selling experience.

Urban development has been playing a pivotal role in shaping the future of communities and property values in the evolving real estate market. As cities expand and population grows, embracing innovative and sustainable approaches to create vibrant, livable spaces has become crucial. One region that has witnessed remarkable transformation is Noida, one of the fastest developing regions in Delhi-NCR over the years. Its strategic location, quick access to the national capital, robust infrastructure, and connectivity have fueled its growth and attracted significant investment.

Russia has appointed Chechnya’s agriculture minister as the new head of Danone’s business in the country and tapped a Russian businessman to run Carlsberg’s operations there, cementing control of the Western multinationals’ Russian assets days after they were seized. President Vladimir Putin on Sunday signed a decree that effectively placed the local operations of the French food company and Danish brewing giant under government management. Russia’s unexpected seizure of assets belonging to two of the world’s largest consumer-goods companies marked an escalation in economic hostilities with the West amid the war in Ukraine.

G20 Employment Working Group which began in Indore city of Madhya Pradesh on Wednesday is going to be a 'zero waste' event, with plastic bottles not allowed and writing pads of reusable paper being used. Indore, notably, has been ranked as India's cleanest city in the national cleanliness surveys conducted by the Union government for the last six years. The G20 meeting is aimed at finding solutions to the current global challenges in the areas of labour, employment and social security to workers.

Porter, a tech-based on-demand logistics companies, announced the introduction of its Inter-city Courier Services, aimed at transforming the way goods are transported across the country. This tech-enabled Inter-city delivery offering is set to ease the logistics landscape by providing doorstep pickup and delivery services to a wide range of customers, including SMEs, retail businesses, and regular consumers.

airport handled 4.2 million passengers in June, an increase of 107% from pre-covid levels of June 2019. Of the total passenger traffic recorded in June, the airport witnessed 2.14 million passengers at arrivals and 2.04 million at departures. Total air traffic in June rose 33% on year.

forest department of Bengal has embarked on a significant endeavor to enhance the green cover of the region. A mass afforestation drive was recently organized, with the objective of planting white and red sandalwood trees along Red Road, one of the prominent thoroughfares in the state. The main goal of the initiative is to successfully repopulate these specific trees in other states such as Karnataka, Andhra Pradesh, and Tamil Nadu.

Avenue Supermarts, the operator of DMart retail chain, saw sales at its online grocery unit cross Rs 2000 crore in FY23 but losses widened as it expanded into newer geographies. Sales for Avenue E-Commerce (AEL), its online subsidiary was Rs2202 crore, a 32% jump while net loss widened to Rs 194 crore, as per its latest annual report. The online business brand, DMart Ready, had posted a loss of Rs 142 crore on sales of Rs 1667 crore in the previous fiscal year.

Mumbai emphasized the importance of pets in human well-being while addressing a domestic violence case. The court directed a businessman to provide interim monthly maintenance of Rs 50,000 to his 55-year-old estranged wife, considering the emotional support provided by her three Rottweiler dogs. The woman sought interim maintenance after filing a domestic violence case against her husband of 34 years.

Tata Memorial Hospital in the city have been arrested for allegedly referring cancer patients to private laboratories for commission, police said on Wednesday. The hospital, which comes under the purview of the Department of Atomic Energy, is known for advanced cancer treatment and research and gets patients from across the country.

Up-for-sale Ventura, one of the country’s largest bus operators, makes $300 million of revenue, has an “infrastructure-like risk profile” which is expected to get core-plus funds’ wheels spinning, and could serve as a platform to “to unlock national expansion”.

Times of India has stated.   The Gujarat government sources told TOI that the city have been preparing to bid for 2030 Commonwealth Games and have been setting itself up for the infrastructure. The state had earlier set its target to complete the work by 2028, however, sources added that work will be completed before the 2026 games.

By Nick Starkov

LONDON — U.K. inflation cooled significantly in June, coming in below consensus expectations at 7.9% annually.

Indian Meteorological Department (IMD) issued an ‘orange’ alert for parts of Mumbai as the city witnessed heavy rains on Wednesday morning. Heavy to very heavy showers are predicted at some places during the day. Local train services came to a halt between Badlapur and Ambarnath section in Thane district adjoining Mumbai due to water-logging on railway tracks after heavy rains. Train services on the Panvel-Belapur Harbour Line route were affected to a «point failure» at Panvel at 9.40 am, Central Railway's chief public relations officer Shivraj Manaspure said. The services were reinstalled at 10:00 am. Many passengers of the Central railway complained of trains running 10-15 minutes late. Bus services of the Brihanmumbai Electric Supply and Transport (BEST) undertaking were running as per their proper routes and there was no diversion, a civic official said.

Australian tourism and airport operators say a decision to block Qatar Airways from expanding services into east coast cities will hurt consumers and businesses, rubbishing suggestions that the state-backed airline would distort the market for carriers trying to restore international capacity.

L&T Tech posted a consolidated net profit of ₹311.1 crore in the first quarter of FY24, which was 8.5% lower than ₹340 crore in the previous quarter. The company’s revenue during Q1FY24 declined 2.9% to ₹2,301 crore from ₹2,370.6 crore, QoQ. In dollar terms, its revenue fell to $280 million from $288.4 million in the last quarter.

Aaj Tak, Suniel Shetty elaborated on his preference for buying fresh produce from apps, stating that the prices of vegetables and fruits on these platforms can be surprisingly lower compared to physical shops and markets. He expressed astonishment at the price difference and highlighted the affordability and cost-effectiveness of purchasing through mobile applications.