Citi Financial News

18.07 / 05:45

Citi Waters PepsiCo Radiohead Brands to launch energy drink brand, raises ₹11 crore

₹11 crore in a pre-series A funding round from Vijay Shekhar Sharma and Prath Ventures. The proceeds will be used for expansion of its new energy drink, Hustle. Ankur Bhatia, the company’s co-founder, told Mint that the move aims to capitalise on the market potential after the success of rival energy drink Sting by PepsiCo India. The funding round also saw participation from angel investor Neel Bahl.

18.07 / 04:55

Citi FIVE Metro Yellow Orange Mumba rain: IMD predicts heavy to very heavy rainfall in the city today, issues orange alert for tomorrow

The Indian Meteorological Department has predicted heavy to very heavy downpour in Mumbai on Tueesday. In the past twenty four hours, the metro city has observed around 225 mm of rainfall.

18.07 / 04:47

COST UPS Citi ‘Not a difficult decision’: Andrews scraps Commonwealth Games

Victoria abandoned plans to host the Commonwealth Games in 2026 because the 12-day event would cost up to $7 billion, rather than the $2.6 billion originally budgeted, Premier Daniel Andrews says.

18.07 / 01:57

Citi Waves Waters Airlines Southern Orange Typhoon Talim update: Thousands evacuated while flights, trains get cancelled; check details

global warming and the ongoing effects of climate change. Typhoon Talim, the fourth typhoon of the year, arrived with maximum wind speeds of 136.8 kilometres per hour, according to the China Meteorological Administration. As it made landfall at approximately 10:20 PM (7:50 PM India time), it brought along storm surges and heavy rainfall, affecting the southern coastline from Guangdong to Hainan provinces.

18.07 / 01:45

Citi MET Progressive 2024 Uttar Pradesh: Projects worth ₹5 lakh crore to be completed by 2024, says Nitin Gadkari

₹5 lakh crore in Uttar Pradesh by 2024. The announcement was made during an event in Lucknow where Gadkari presented development projects valued at over ₹3300 crore. The ceremony was attended by Chief Minister Yogi Adityanath and Defence Minister Rajnath Singh.

18.07 / 00:57

COST UPS Citi Target Aware Google Cash-strapped quick commerce startup Dunzo eyes $20 million more from Reliance Retail

Dunzo is seeking at least $20 million (about Rs 165 crore) more from Reliance Retail, its largest shareholder, after the cash-strapped quick commerce startup fell short of its target to raise $75 million by offering convertible notes, people aware of the discussions said. The Bengaluru-based firm could raise just about $45 million in April, as reported first by ET, with only Reliance Retail and Google subscribing to the convertible notes and its other shareholders staying away. This, the people said, has caused an adverse cash flow situation at the company.

17.07 / 22:53

UPS Citi FIVE Manufacturing Action National South Dakota governor prods Washington to address national drug shortages

As the U.S. struggles with prescription drug shortages, South Dakota Gov. Kristi Noem has advanced a modest plan that she hopes will prod Washington to address weaknesses in the international pharmaceutical supply chain

17.07 / 20:41

COST UPS Citi Provident BLOCK Ripple Why the real estate industry is closely watching the sale of two Vancouver office towers

An attempt to sell of a pair of office towers in downtown Vancouver is being carefully watched by the commercial real estate world, and not just because Amazon.com Inc. is one of the primary tenants.

17.07 / 20:41

UPS Citi Alberta Alberta home prices jump as newcomers rush in

Home prices in Canadian oil country are surging, driven by a rush of newcomers from abroad — as well as from more expensive markets across the nation.

17.07 / 20:35

UPS Citi DOW JPMorgan AT&T Stock market today: Dow rises as banks, tech shine, but telecoms stifle gains

Investing.com — The Dow closed higher Monday, led by tech and financials as investors looked ahead to more quarterly results from Wall Street banks and other major corporations later this week, though broader market gains were kept in check by a stumble in telecoms.

17.07 / 20:17

Citi Williams Why every Women's World Cup city has two names

soccer fans land in New Zealand this month before the Women's World Cup, they may find themselves welcomed not to Auckland or Wellington, but to «Tāmaki Makaurau» («Tah-mah-key Ma-kow-row») or «Te Whanganui-a-Tara» («Tay Fung-a-noo-ee a Tah-rah»). Those names — what the cities are called in the country's Indigenous language, te reo Māori — are reflected in the official documents for this year's Women's World Cup, which has placed Indigenous languages and imagery unapologetically at the forefront.

17.07 / 19:33

COST Citi Lowe's record high Homes selling near record high again as supply shortage worsens

ProChain President David Tawil explains why he predicts rate hikes are on the horizon and likely to stay high 'for a number of years.'

17.07 / 19:33

COST Citi Reuters Nov Goldman Sachs trims US recession odds next year to 20%

Wealth Enhancement Group senior vice president Nicole Webb discusses U.S. equity flows and overall markets on ‘Making Money.’

17.07 / 19:03

Citi Citizens RLD's Jayant Chaudhary attends Opposition meet

RLD attending the opposition meet ended on Monday, with party chief Jayant Chaudhary being the first leader to reach the city to attend the meet. «Bengaluru is a little far from Delhi but we all have to find our way back to Delhi.

17.07 / 18:47

UPS Citi Waves FIVE Extreme Parke From China to Death Valley, extreme weather blankets the globe

By Julia Harte and Charlie Devereux

17.07 / 18:43

Citi Dozens of followers of Pakistan's Imran Khan quit his party and launch their own ahead of elections

Pakistan's former prime minister and top opposition leader Imran Khan, dozens of his followers quit his party on Monday to launch their own ahead of parliamentary elections expected later this year. The dramatic development — described as a «political rebellion» within Khan's Pakistan Tehreek-e-Insaf party — came two months after violent protests shook the country in early May.

17.07 / 18:43

COST UPS Citi Resale property market booms amid price hikes, scarcity of ready homes

market supply, with prospective buyers increasingly viewing the resale market as a viable alternative. Factors contributing to this trend include a scarcity of newly constructed properties ready for immediate occupancy, a dearth of new developments, and escalating price hikes in major markets. «Recently, there has been a notable surge in the demand for resale residential properties across cities.

17.07 / 17:15

Citi The Real Housewives of New York City Season 14: Where to watch all episodes on TV and live streaming?

Housewives of New York City is making all the right noises for its 2023 reboot that made its debut on Sunday, July 16. The new cast members – including Jenna Lyons, Sai De Silva, Ubah Hassan, Erin Lichy, Jessel Taank and Brynn Whitfield – are already making a splash in Season 14.

17.07 / 17:01

UPS Citi Reuters Waters Southern Orange Typhoon Talim, a severe tropical storm makes landfall in southern China. Top points

Talim. The authorities have also asked residents to stay at home. Tens of thousands of people were being evacuated in southern China and Vietnam on Monday, and dozens of flights cancelled as a typhoon barrelled towards land.

17.07 / 16:57

Citi Provident Aware Strategy Align Metro Future Future prospects for both commercial & residential segments look promising: Sunil Sisodiya

The upcoming infrastructure developments in the Delhi-NCR region are slated to act as significant catalysts for the local real estate sector. These infrastructure projects will enhance connectivity, accessibility, and overall livability of the region, making it an attractive destination for real estate investments, says Sunil Sisodiya, Founder, Geetanjali Homestate.

17.07 / 16:45

Citi Destiny world economy place NOT World economy in a difficult place but not destined to stay there: World Bank chief

world economy is in a difficult place but it is not destined to stay there, World Bank President Ajay Banga said on Monday. The World Bank last month cut its 2024 forecast for global economic growth to 2.4% from 2.7% earlier, citing global monetary tightening.

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