Citi Financial News
16.12 / 00:17
UPS
Citi
Booking
Airlines
Metro
travelers
Destinations
Airfare on metro routes down 28%, up on non-metro routes
Subscribe to enjoy similar stories. New Delhi: Those planning to travel between metro cities this year-end are in for a treat. According to data from ticket booking portals, airline ticket prices between metropolitan cities have crashed by almost a third this month compared to December 2023.
15.12 / 20:01
Citi
Strategy
Software
Football
Death
Diablo
Sporting
This former Marine attends Army-Navy football game with Donald Trump and JD Vance as a guest of honor. See who is he
Daniel Penny, a former Marine recently acquitted of criminally negligent homicide, attended the Army-Navy football game as a guest of honor with President-elect Donald Trump and Vice-President-elect JD Vance.
15.12 / 16:09
UPS
Citi
FIVE
Extreme
Adobe
Traffic
Small businesses say cautious shoppers are seeking 'cozy' and 'festive' this holiday season
With a late Thanksgiving, the holiday shopping season is five days shorter than last year, and owners of small retail shops say that people have been quick to snap up holiday décor early, along with gifts for others and themselves
15.12 / 14:11
markets
Citi
Digital
Strategy
Software
track
Traffic
Indian Railways to elevate tracks for smooth traffic during Maha Kumbh 2025
Indian Railways, in collaboration with the Uttar Pradesh State Bridge Corporation, has undertaken a project to elevate railway tracks to remove level crossings before next year's Maha Kumbh, officials said on Sunday. The initiative is set to ease traffic congestion, save travel time, and provide significant relief to city residents, they added. Celebrated in a cycle of 12 years, the Maha Kumbh will be held in Prayagraj from January 13 to February 26. Rail under bridges (RUBs) and rail over bridges (ROBs) are ready on almost all the level crossings in Prayagraj where movement will start fully before the mega event, officials said.
15.12 / 13:17
markets
Citi
Digital
Software
Sustainability
Experts
PAM
Incuspaze leases 100,000 sq ft of office space at HQ27 in Gurugram
flexible workspace that is looking to raise $25 million in a pre-IPO funding round ahead of its public listing next year, has taken up 100,000 sq. ft. of office space at HQ27 in Gurugram. Previously, Nvidia had leased 73,000 sq. ft. at The Headquarters 27, a commercial project by Bharti Realty in Gurgaon. The facility at HQ27 has the capability to accommodate over 1500 seats.
15.12 / 11:29
COST
UPS
Citi
Experts
Inside
India’s novel attempts at battling deadly air pollution are falling short
Subscribe to enjoy similar stories. NEW DELHI—As the skies turned hazy with pollution this winter, a giant outdoor purifier sat dormant in the Indian capital’s central business district. The smog tower, lined with double rows of fans, was intended to purify the surrounding area by sucking in smog, passing it through filters on the inside and releasing clean air.
15.12 / 11:25
markets
Citi
Software
Sustainability
Experts
Schools
Israeli troops kill 20 in Gaza Strip, attack school sheltering displaced Palestinians
They said at least 11 of the dead were killed in three separate Israeli airstrikes on Gaza City houses. The others were killed in the towns of Beit Lahiya, Beit Hanoun and Jabalia camp. Residents said clusters of houses were bombed and some set ablaze in the three towns. The Israeli army has been operating in the towns for over two months.
15.12 / 11:25
markets
Citi
Target
Software
Refugees
Diversity
show
Atishi claims Centre settling Rohingyas in Delhi; 'false narrative', says Hardeep Puri
Amit Shah on Sunday, accusing the BJP-led Centre of settling «a large number of illegal Rohingyas» in different parts of the city. With the AAP targeting Union Minister Hardeep Singh Puri over his tweets and claiming that settling these refugees here was a «conscious decision» of the BJP-led NDA government, the minister accused AAP of indulging in «politics of diversion, false narratives and half-truths». In the run-up to the Delhi Assembly polls due in February 2025, the ruling AAP and BJP have been hitting out at one another over the issue of illegal Rohingya and Bangladeshi people staying in the national capital. The BJP has already complained to the Election Commission about illegal Rohingyas and Bangladeshis registered as voters in Delhi «at the behest of AAP».
15.12 / 09:45
Citi
Airlines
McGrath
volunteers
International
Destinations
Flight takes kids to visit Santa at North Pole scene in transformed Denver airport hangar
More than 100 kids have been treated to an airplane flight and visit to a hangar at Denver International Airport that was transformed into the North Pole
15.12 / 09:37
COST
UPS
Citi
FIVE
country
donates
rights
Costs of European residency programmes have shot up in recent years
Subscribe to enjoy similar stories. A growing number of India’s ultra-high-net-worth individuals (UHNIs) are looking to get a residency in a European nation for their children’s education, to retire, or to give their businesses unfettered access to Europe. However, the costs of these residencies have been increasing as European counties look to cash in on the high demand.
15.12 / 09:03
Citi
Career
film
Photos
classical
Features
Videos
Kareena Kapoor attempts to calm a stressed-out Alia Bhatt at Raj Kapoor Film Festival, video goes viral
Alia Bhatt, who recently hosted a film festival in honour of Bollywood showman Raj Kapoor’s 100th birth anniversary, was seen looking stressed in a video. The clip captured a heartwarming moment where sister-in-law Kareena Kapoor Khan encouraged and comforted her. The RK Film Festival, organized by PVR INOX Limited and the Film Heritage Foundation, honored Raj Kapoor’s enduring cinematic legacy. The three-day event began with a grand opening night, featuring screenings of Kapoor’s classics like Awaara, Shree 420, and Mera Naam Joker in select theatres across 40 cities. Showcasing 10 of Raj Kapoor’s most iconic films, the festival spans nearly four decades of his illustrious career. The lineup includes Aag (1948), Barsaat (1949), Awaara (1951), Shree 420 (1955), Jagte Raho (1956), Jis Desh Mein Ganga Behti Hai (1960), Sangam (1964), Mera Naam Joker (1970), Bobby (1973), and Ram Teri Ganga Maili (1985).
15.12 / 09:03
Citi
Waters
Action
Software
2020
guidelines
Courts
Dairy farms in Delhi asked to obtain pollution control consent
Delhi Pollution Control Committee has directed cow shelters and dairy farms in the city to obtain pollution control consent within 15 days, warning of strict action in case of non-compliance. The Committee issued a public notice on Sunday directing all 'gaushalas' and dairy farms with 15 or more cattle, and all dairies operating in dairy colonies in Delhi to apply for mandatory consent under the Water (Prevention and Control of Pollution) Act, 1974, and the Air (Prevention and Control of Pollution) Act, 1981. The directive has been issued in compliance with recent court orders and must be adhered to within 15 days of the notice, failing which legal action will be initiated. The notice follows the «Guidelines for Environmental Management of Dairy Farms and Gaushalas» issued by the Central Pollution Control Board (CPCB) as per the National Green Tribunal's (NGT) order on May 20, 2020.
15.12 / 08:31
markets
UPS
Citi
FIVE
Align
Sustainability
‘Younger investors are driving interest in alternative asset classes’
Subscribe to enjoy similar stories. Younger investors are taking a more active role in establishing family offices to professionalise wealth management, said Umang Papneja, CEO of Julius Baer India. “Additionally, there is a growing interest in alternative asset classes, including private equity and private credit, as younger investors prioritise diversification and seek higher returns." He said asset allocation preferences are evolving, with equity accounting for up to two-thirds of portfolios and a growing appetite for alternative investment funds (AIFs) and private equity.
15.12 / 07:59
UPS
Citi
Software
Highways
country
hospital
Sarovar Hotels bets big on highway properties; 80 projects in pipeline
Sarovar Hotels is broadening focus towards highway hotels and resorts close to major cities, capitalising on the country's rapidly expanding roads network, a top official said. The hotel chain has 80 projects in the pipeline over the next few years as part of its expansion plan, he said. «Highway hotels and resort-concept properties close to cities, within three-four hour journey, are a new high-growth segment for hospitality, at a time when competition is getting intense in urban centres,» Sarovar Hotels Chairman Ajay K Bakaya told PTI in an interview. He said this strategic shift aligns with the ongoing road infrastructure development in the country.
15.12 / 05:37
UPS
Citi
Booking
Man
rights
Investigations
fencing
‘The Sentence’ review: Murder and morality meet sci-fi
Subscribe to enjoy similar stories. In speculative fiction writer China Mieville’s novel The City and The City (2009), a police inspector in the fictional East European city-state of Besźel investigates the murder of a student involved in political turmoil between his nation and its "twin city", Ul Qoma—two separate social, cultural and political entities that exist parallelly, often occupying the same geographical space, but divided by harsh, unbreachable laws that ask residents of both cities to ‘unsee’ the other.
15.12 / 01:57
markets
Citi
Digital
Waters
Software
Sustainability
Experts
The path to net-zero starts with data
data management system for hundreds of remote sites has helped the Dubai municipality save about $2 million a day by reusing water. At Michelin, a centralised monitoring and energy tracking system across 65 factories helps achieve a 10% reduction in water and energy consumption. It’s clear that, if deployed at scale, technology could be a gamechanger in accelerating the world’s transition to net-zero emissions. So, why aren’t more companies doing this? Lisa Wee, global head of sustainability at industrial software provider Aveva, points to the pace of digitalisation. “We still haven’t seen digitalisation done successfully at scale by most companies. In fact, 70% of industries haven’t yet managed this,” she said. “Until you have that foundation in place, you’re jumping ahead by talking about the benefits of AI or machine learning, because the quality of foundational data is so important.” Wee pointed out that over 50% of industrial data in the world was created in just the last two years. “Once you have good foundational data and a standardised way of bringing it together [across plants or functions], you can deploy analytics on top of it. You can find out, for example, that paint drying might be your most energy intensive process,” she said.
14.12 / 18:05
markets
UPS
Citi
Software
Parke
Trade
Experts
Maritime heritage tourist spot to be built in Lothal in Gujarat: Union ports, shipping and waterways minister Sarbananda Sonowal
Sarbananda Sonowal. Lothal, a vibrant township during the Indus Valley civilisation, has been excavated and offers a deep insight into the Harappan times. It was a trade centre in ancient times with businesses spanning West Asia and Africa. Sonowal told ET on the sidelines of the two-day India Maritime Heritage Conclave that more than ₹4,000 crore is being invested in developing the National Maritime Heritage Complex Museum with 14 galleries, a lighthouse museum, coastal state pavilions, recreated Lothal city and four theme-based parks, including those based on monuments, navy and climate change, along with an amusement park and nature conservation park.
14.12 / 17:43
UPS
Citi
FIVE
CEO
Fighting
McDonald’s
Former Manhattan prosecutor to represent suspect in killing of UnitedHealthcare’s CEO
The suspect in the killing of UnitedHealthcare’s CEO has added a prominent defense lawyer to his legal team as Manhattan prosecutors work to return him from Pennsylvania to face a murder charge
14.12 / 17:43
markets
Citi
Software
awards
Experts
show
Woman, who accused Jay-Z and Sean 'Diddy' of sexual assault when she was 13-years-old, admits inconsistencies
The woman claims she was driven from Rochester, New York, to New York City for the awards show and then to an after-party in Combs' limousine. She alleges the assault occurred at the party and that her father later picked her up. However, representatives for musicians Benji and Joel Madden, whom the woman claimed to have spoken with at the party, confirmed they were touring elsewhere at the time. The woman's father also stated he doesn't recall the drive home. A friend who allegedly drove her to the awards is deceased.
14.12 / 17:43
markets
COST
Citi
Software
pandemic
exclusive
International
Rs 100 crore+ apartments selling like hotcakes: Inside India's unreal estate boom fuelled by ultra-rich buyers
neighbourhood billionaire, and all this is available in your city. Ultra-luxury houses that can give The Louvre a run for its money — like this particular residential tower in Mumbai where you can enjoy an original Picasso in the lobby as you sip your morning tea — are becoming all too common in India. The price tag can run into hundreds of crores, something that’s hardly a deterrent for the rich and famous whose numbers seem to only be increasing, with India adding a billionaire every 5 days in 2023. The extraordinary surge in wealth since the pandemic has fuelled a boom in the luxury housing market that has all but reshaped the country’s real estate landscape. With the pandemic behind us and the economy continuing to deliver world-beating growth, the luxury residential segment is emulating the growth march, setting new benchmarks for opulence, exclusivity and sophistication.
14.12 / 14:07
Citi
Action
Election
President
reports
International
Have not resigned as Maharashtra Congress chief, says Nana Patole
Maharashtra Congress chief Nana Patole on Saturday said he had not tendered resignation from his party post. Party sources had claimed on Friday that following the rout faced by the Congress in the assembly elections, Patole had emailed a letter to party president Mallikarjun Kharge and expressed the desire to be relieved of his current responsibility. «I have not tendered any resignation...rumours are being spread,» he told reporters here. «Actually, the tenure of MPCC (Maharashtra Pradesh Congress Committee) chief is of three years, and I have completed four years. I have earlier also said that I fulfilled my responsibilities properly, and it is an internal matter, not to be disclosed. The party will decide, and I feel everyone should get the opportunity to work in the organisation,» Patole added.
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