Citi Financial News

Europe is witnessing record high temperature and World Meteorological Organization (WMO) has predicted that heat wave in the northern hemisphere is set to intensify further in the next few days. In a typical scene in Italy, where the temperature is expected to top 40C on Wednesday, tourists are seen trying to keep cool by splashing in fountains and standing under giant fans set up outside the Colosseum.

Asia Cup will witness the clash between warring cricket giants India and Pakistan on September 2. The thrilling encounter is scheduled to take place at the Pallekele International Cricket Stadium in Kandy, as confirmed by reports. ESPNcricinfo revealed that the tournament will kick off with a match between Pakistan and Nepal.Schedule Finalization: ACC approves unique hybrid model The Asian Cricket Council (ACC) is currently working diligently to finalize the schedule for the upcoming Asia Cup.

₹1,443.35 apiece in the early trade Wednesday after the private sector lender posted decent earnings for the first quarter of FY24, with strong loan book growth and improvement in asset quality, leading to bullish views from analysts. IndusInd Bank reported a standalone net profit of ₹2,123.6 crore in Q1FY24, witnessing a growth of 32.5% from ₹1,603.29 crore in the same quarter last year. Net interest income (NII) increased 18% to ₹5,862.5 crore from ₹4,125.3 crore, YoY.

Monsoon rain LIVE Updates: The India Meteorological Department (IMD) on Tuesday said that a cyclonic circulation is likely to form over the Bay of Bengal in the next 24 hours. IMD Bhubaneswar Director HR Biswas said that heavy to very heavy rains are likely to occur due to the development of cyclonic circulation.Mumbai and its suburbs received moderate to heavy rainfall during the day and the weather department has issued an orange alert for the city for Wednesday predicting heavy to very heavy rainfall at some places, officials said.

A post shared by Sidecar (@sidecarindia) Hong Kong's Coa has bagged the top spot for a third consecutive year. Whereas Jigger & Pony in Singapore ranked second on Asia’s 50 Best Bars list. It’s the first time since 2019 that the ceremony has been held with all borders in the region re-opened after the Covid-19 pandemic.

China used for years as it turned into the biggest EV market on Earth. Beijing’s success is breathtaking. EVs accounted for a quarter of all passenger cars sold in China last year, far ahead of the roughly one in seven in the US and one in eight in Europe.

Yamuna in Delhi breached the danger mark again on Wednesday morning, less than 12 hours after it dropped below the threshold, amid rains in the national capital and the upper reaches of the river. The Central Water Commission's data showed the water level reached 205.48 metres at 8 am. It is expected to rise to 205.72 metres by 6 pm.

Tupac Shakur, propelling the case back into the spotlight nearly 30 years after his death. Shakur, one of the most prolific figures in hip-hop, was gunned down the night of Sept. 7, 1996, in a drive-by shooting in Las Vegas. He was 25. No arrests have ever been made. Yet attention on the case, which has seen its share of conspiracy theories, has endured for decades. The Las Vegas Metropolitan Police Department said in a statement that the search was conducted Monday in the nearby city of Henderson, but the agency did not say whether a suspect has been identified. It's also unclear what they were looking for and where they were looking. Citing the ongoing investigation, department spokesperson Aden OcampoGomez said in a brief phone call that he couldn't provide more details on the latest development in the case.

“There is a kind of FOMO from foreign players as they can’t miss India as an investment but at the same time, they are also very specific about the sectors in which they want to invest”, says Vikram Kasat- Head Advisory, Prabhudas Lilladher Pvt Ltd. In an interview with ETMarkets, Kasat who has over 13 years of experience said: “In Bull Case, we value NIFTY at 10-year average (20.8x) and arrive at bull case target of 24353 (23878 at LPA PE)” Edited excerpts:Where do you see markets headed amid interest rate headwinds? The US Federal Reserve's decision to raise interest rates can have an impact on the Indian market, particularly in terms of capital flows and investor sentiment. In this case, it may lead to a strengthening of the US dollar, which could potentially put pressure on the Indian rupee and create volatility in the equity markets.

diamond industry. Surat has achieved this record where Earth's 90% of the diamonds are cut. According to a report by CNN, the newly-opened Surat Diamond Bourse consists of 15-storey complex, built across more than 35 acres of land.

(Reuters) — The United Auto Workers (UAW) union said on Tuesday it was closely monitoring a possible active shooter situation at the Ford Kansas City assembly plant.

The National Retail Federation estimates retailers lost $100 billion last year to theft.

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weather forecast agency, heavy rainfall in the city and suburbs is expected with possibility of very heavy rainfall at a few places. It has also issued orange alert for the metro city, marking very heavy rainfall in the city.

Also read: See How Ticks and Mosquitoes Are Carrying Diseases to More of the U.S. The report also highlighted the prevalence of other monsoon-related diseases in the city.

IndusInd Bank: The private lender's net profit rose by 32.5% year-on-year to 21.24 billion rupees. IndusInd Bank witnessed a 22% year-on-year growth in advances, coupled with a 15% increase in deposits. The loan growth was supported by retail deposit growth of 21% YoY and overall deposit growth of 15%.

Las Vegas police confirmed Tuesday that they served a search warrant this week in connection with the long-unsolved killing of Tupac Shakur, propelling the case back into the spotlight nearly 30 years after his death. Shakur, one of the most prolific figures in hip-hop, was killed on the night of Sept. 7, 1996, in a drive-by shooting in Las Vegas.

ANI citing Greek City Times, these mass resignations have been reported since July 1 of this year.  As per the report, People's reaction across the globe has taken the CCP authorities aback with Xi Jinping in the recent SCO Summit stating that he is opposed to any country's instigation of "colour revolutions" and "interference in internal matters" for any reason, according to the report. Greek City Times reported that at the SCO summit, Xi said that SCO member states said that they should be wary of the "external forces" creating a scenario for the new cold war and creating confrontational camps.

The Vatican prosecutor has given his closing arguments in the Vatican's big financial trial

The Australian state of Victoria backed out of hosting the Commonwealth Games over a projected budget blowout. Officials said that hosting the 2026 edition of the sporting event could cost up to A$7 billion ($4.77 billion) - a far cry from the region's budgeted A$2.6 billion ($1.77 billion).

The architect of Detroit's bankruptcy filing admits it was a miserable process