Citi Financial News

16.07 / 15:23

COST Citi Hermès Chanel NOT 'It’s not a bag — it's a Birkin!': Jane Birkin, and the economics of the Hermès handbag

Birkin Bags. Almost every celebrity seems to don one these days. The bag that now remains an example of conspicuous consumption, is priced between $10,000 and $250,000 for the more high-end designs.

16.07 / 15:19

Citi Provident Google Platform Solomonic Indian Who was Zarina Hashmi? Know about the Indian American, minimalist artist who is honoured globally

Google Doodle in the US and other countries, Zarina Hashmi is known globally for her minimalist art. Recognised as one of the most significant artists associated with the minimalist movement, Zarina Hashmi, the late Indian American artist and printmaker, left an indelible mark on the art world. Through collaboration with guest artist Tara Anand from New York, the doodle artwork honouring Hashmi beautifully captures Hashmi's exploration of concepts such as home, displacement, borders, and memory, employing minimalist abstract and geometric shapes.

16.07 / 15:19

Citi Twitter FIVE Career Remark Dreams MLS: Lionel Messi’s contract with Inter Miami now official; says ‘very eager to start helping in my new home’

Inter Miami has successfully secured the services of Lionel Messi, a global icon, as he finalizes his agreement to join Major League Soccer. On Saturday, Messi's contract was officially confirmed, a little over five weeks since he publicly announced his intention to join Inter Miami. The team will present Messi to the public on Sunday evening at their stadium in Fort Lauderdale, and fans may have the opportunity to witness his debut in a home match as early as Friday, potentially against Cruz Azul in a Leagues Cup match. The arrival of Messi ushers in an exciting new era for Inter Miami.

16.07 / 15:01

COST Citi HSBC Enterprise International IIFL Home Finance raises $50 million loan from US International Development Finance Corp

IIFL Home Finance has raised a $50 million loan from US International Development Finance Corp (DFC) to grow its affordable housing finance portfolio with a special focus on sustainable housing. The fund was raised at a concessional 5.72% rate, which includes the hedging cost, IIFL Home Finance chief executive Monu Ratra told ET. Its average cost of funds is 8.4%.

16.07 / 14:11

Citi Digital Cooper Progressive Platform 3rd G20 Sherpa meeting under India's presidency focusses on developmental goals

India's G20 presidency intends to preserve the grouping's identity and ethos as a forum for growth that brings together developed and emerging economies on a common platform. This is stated in an official statement released on Sunday at the end of a three-day Sherpas' meeting that was chaired by India's G20 Sherpa Amitabh Kant in the historic city of Hampi.

16.07 / 13:39

Citi Provident Gap Strategy Pool Remark FM Sitharaman stresses on attracting private investment to develop urban infra

Finance Minister Nirmala Sitharaman on Sunday underlined the need for embracing innovative strategies to attract private investment, bridge financing gaps and foster sustainable development of infrastructure in cities. Addressing the 'G20 Infrastructure Investment Dialogue', the minister said that the situation with regard to financing infrastructure has become even more challenging in the wake of monetary policy tightening in key markets.

16.07 / 13:31

Citi Provident Lowe's Waters Assurant Kejriwal has ‘to blame himself’ for the flooding, ‘pathetic situation’ of Delhi, says LG office

Arvind Kejriwal—meant for Flood Control and Preparedness in the capital city for not holding any meetings for the last 2 years, amid flood in low lying areas of the national capital. However, the Kejriwal government has refuted the claims of the LG office and said Minister Atishi chaired the meeting on July 6, 2023 as Revenue Minister. A compulsory meeting of the Apex Committee "should have taken place by the end of June and issue Flood Control Order" reported ANI quoting a statement issued by the LG's office "The Apex Committee meeting ensures seamless coordination between various agencies including GNCTD, GOI, Army and Central Water Commission (CWC).

16.07 / 12:47

Citi Man Extreme Southern Mercury Climate Change: US, Europe reel under historic heatwave, while Asia battles torrential rain, floods

Climate change and its effects are no surprise to humankind, these extreme conditions might spell doom for civilisation. In the latest turn of events, a rapidly developing El Nino threatens Earth's climate activity. In northern India, relentless monsoon rains have reportedly killed at least 90 people, following burning heat. Major flooding and landslides are common during India's monsoons, but experts say climate change is increasing their frequency and severity. A man died as torrential rains lashed northern Japan on Sunday, a week after seven people were killed in similar weather in the country's southwest.

16.07 / 11:39

Citi Southern 'Heat storm' stretches into southern Europe, health alerts issued

On the Spanish island of La Parma, meanwhile, at least 4,000 people had to be evacuated as a forest fire burned out of control, authorities said. Spain, Italy and Greece have been experiencing scorching temperatures for several days already, damaging agriculture and leaving tourists scurrying for shade. But a new anticyclone dubbed Charon, who in Greek mythology was the ferryman of the dead, pushed into the region from north Africa on Sunday and could lift temperatures above 45 Celsius (113 Fahrenheit) in parts of Italy early this week.

16.07 / 11:25

UPS Citi Provident Southern NOT Russian President Vladimir Putin says Ukraine's counteroffensive 'not successful'

Vladimir Putin said Kyiv's counteroffensive, launched last month to push back Moscow's forces, was failing.Ukraine began its highly anticipated fightback after stockpiling Western weapons and building up its offensive forces. «All enemy attempts to break through our defences… they have not succeeded since the offensive began.

16.07 / 10:29

Citi Waters Delhi BJP accused AAP govt of 'carelessness', demands probe in Yamuna flood

Delhi BJP on Sunday demanded a judicial probe into whether any desilting of Yamuna river and drains in the city was done by the AAP government, and if yes, how much money was spent on it. Addressing a press conference, Delhi BJP president Virendra Sachdeva alleged no desilting of Yamuna and drains was carried out by the Kejriwal government and the flood in Delhi was caused because of this failure.

16.07 / 10:25

UPS Citi FIVE Disney Marvell ‘Deadpool 3’, Priyanka Chopra's ‘Heads of State’ shooting halted amid Hollywood ‘double’ strike

Ryan Reynolds and Hugh Jackman, pushed it released dates from September, 2024, to 8 November, 2024 and then changed again after Disney unveiled a release slate shuffle in mid June 2023, this time bumping up and claiming a new release date of Friday, 3 May 2024. Deadpool 3 is part of the Phase Five of the Marvel Cinematic Universe (MCU). The Marvel movie is the biggest project to date to be halted by the strike.

16.07 / 10:05

Citi Action Holy city Haridwar inundated with 30,000 metric tonne of trash after 12-day Kanwar yatra

Haridwar this year, estimated to be over 4 crore, has left the holy town drowning in a sea of waste. As per a ToI reports, Haridwar (Gateway to Gods) will be inundated with nearly 30,000 metric tonnes (MT) of waste in over the 12-day-long Kanwar yatra.

16.07 / 10:05

COST Citi FIVE Booking Gap Enterprise Net debt of top 8 listed realty firms dip 43 pc to Rs 23,000 cr in last 3 yrs: Anarock

housing sales, according to Anarock. Real estate consultant Anarock noted that the unfettered demand for housing across the country has enabled the country's leading large and listed developers to reduce their debt. Anarock analysed financial performances of the top eight developers engaged in the development of residential real estate.

16.07 / 09:15

Citi FIVE Digital Manufacturing Commerce secretary Sunil Barthwal visiting UK for FTA talks

Commerce and Industry Minister Piyush Goyal to Britain, Commerce Secretary Sunil Barthwal is visiting London this week to take stock of the negotiations for a proposed free trade agreement (FTA) with the UK, an official said. During the visit (July 17-18), the secretary will hold discussions with senior officials of the UK about the proposed trade agreement, which both the countries are negotiating. The negotiating team of India is already there in London for the eleventh round of talks.

16.07 / 09:15

UPS Citi Provident Assurant People at Manipur relief camps: Divided by violence, united by hope

Manipur Police, and his family are among the 700-odd people staying at a relief camp here set up in a college where everyone has one hope — return home safely once the situation is normal. They also went through the same trauma — explosions, rioting and mob violence before the Assam Rifles came to their rescue. As many as 238 families are lodged at the Ideal Girls' College here since the Assam Rifles, a paramilitary force under the operational command of the Army, brought them from Moreh and Churachandpur.

16.07 / 08:57

UPS Citi Provident Waters Assurant Lost Delhi flood: Arvind Kejriwal inspects rain-affected areas, assures to provide relief to those who have lost documents

Arvind Kejriwal on Sunday visited a flood relief camp in Sarvodaya Bal Vidyalaya at Mori Gate in north Delhi. During his visit to the relief camp where residents from the flood-affected areas have taken shelter, Kejriwal assured them they will provide ad-hoc relief to the people who have lost their important documents, Aadhaar, PAN cards, and other related things. He said that Aam Aadmi Party (AAP) government will also organise a special camp for flood-affected people in Delhi where children would be given textbooks and uniforms that got submerged in the water.

16.07 / 08:57

Citi Reuters Southern Shell reserves ‘Russia has a sufficient stockpile of cluster bomb reserves and..’, says Putin

Reuters reported. Ukraine has received cluster bombs from the United States, munitions banned in more than 100 countries.

16.07 / 08:57

Citi Waves Citizens Google Action Fighting Mobile Indian We can expect more turbulence ahead in Indian diaspora politics

Diaspora politics is going to get a lot more complicated and recent turbulence is an indicator of the policy challenges ahead. Pro-Khalistan protests in the US, UK, Canada and Australia have descended into vandalism, arson, rioting, incitement to assassination and inter-group violence. Last year, there was Hindu-Muslim communal violence in Leicester.

16.07 / 08:51

UPS Citi BLOCK Gap Diversify or die: San Francisco’s downtown is a wake-up call for other cities

After a three-year exile driven by the pandemic, San Francisco’s downtown has waited for the crowds, the commuters and electric ambience to return

16.07 / 07:43

Citi Waters MPs Delhi floods: 'Have you ever seen such shameless MPs?' AAP takes dig at Gautam Gambhir, Manoj Tiwari

AAP government rebutted by sharing a photo of Gambhir in Jaipur. Northeast Delhi MP Manoj Tiwari was in Patna when his constituency was flooded, the AAP party called them 'shameless MPs'. "One is East Delhi MP and the other is from Northeast Delhi.

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