Citi Financial News

“I have been involved with the Kala Ghoda Art Festival since 1998. Since all these years, the David Sassoon Library has welcomed me and millions of people with open doors during the Kala Ghoda Arts Festival. When I was approached to support the restoration of the library, I saw it as yet another opportunity to preserve the legacy of it for future generations,” says Sangita Jindal, Chairperson of JSW Foundation, who conceptualised and implemented the restoration along with India’s leading Conservation Architect, Abha Narain Lambah. “My purpose in restoring the David Sassoon Library is to conserve the beauty and legacy of one of the oldest libraries in the city,” adds Jindal.

Yamuna River in Delhi may have the major contributors to the flood crisis in Delhi, say experts. The rainfall alone cannot be blamed. As per a ToI report quoting experts, it has been observed that the Yamuna's water levels have continued to rise despite limited or no rainfall in Delhi over the past four days.

New Gurugram has risen as a highly-coveted investment destination, attracting not just professionals in search of prosperous job prospects but also savvy investors eager to leverage its rapid growth. Fueled by a diverse range of multinational companies spanning various sectors, the city’s flourishing economy has catapulted it into the spotlight as an enticing haven for both career-driven individuals and shrewd investors.

Commercial real estate (CRE) in Noida and Greater Noida regions is experiencing a remarkable boom, driven by the state government’s massive infrastructure push and the surge in post-pandemic demand. The ongoing construction of Jewar Airport has further accelerated this CRE development, creating a fertile ground for high returns on investment.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

SmartDukaan has secured USD 10 million in a funding round led by Findoc Finvest. Other participants in the pre-series A funding round were Leafberry Ads and angel investors.

Yamuna river. The rain was recorded in Laxmi Nagar areas and a few areas in east Delhi.

Senco Gold delivered healthy returns to investors as the company's shares got listed at a 36% premium on the exchanges earlier on Friday. The strong listing was in line with the expectations. The stock is currently trading 31% higher over the issue price at Rs 414.25 apiece on BSE.

drone strike on Ukrainian President Volodymyr Zelenskiy's hometown, the central city of Kryvyi Rih, the regional governor said on Friday. The attack damaged a number of buildings in Kryvyi Rih but Ukraine's air force said 16 of the 17 Iranian-made Shahed attack drones launched by Russia overnight had been shot down in southern and eastern areas of the country.

UK-listed asset managers have had a rough quarter, with four top City names all reporting outflows on 14 July in the face of market uncertainty and macroeconomic headwinds.

₹90 per kilogram, as stated by the consumer affairs department. Amidst a significant increase in tomato prices across the country, the Central government directed agricultural marketing agencies NAFED and NCCF on 12 July to procure the vegetable immediately from mandis (wholesale markets) in key tomato-growing states such as Andhra Pradesh, Karnataka, and Maharashtra. The surge in tomato prices has been observed nationwide and is not limited to a specific region.

Small-cap stock below ₹5: Shares of Earum Pharmaceuticals Ltd are one of those small-cap stocks that has remained under the base building mode for more than a year. However, the BSE listed penny stock is in focus as the board of directors of the micro-cap company is going to consider and aprove proposal for issuance of bonus shares, stock split and final dividend for the financial year 2022-23. The company board is going to consider these matters in its board meeting scheduled today.

Tourism and Development of North Eastern Region (DoNER) G Kishan Reddy invited US businesses and companies to invest in India's vibrant and diverse tourism sector. Reddy, who arrived here on Thursday for a five-day visit, sought investment while addressing a community reception organised at the Consulate General of India in New York.

earning a meagre score of 20, indicating that little progress has been made in this area over the past year. Other scores include 50 for healthcare, 38.7 for culture and environment, 75 for education and 51.8 for infrastructure. Karachi's history on the EIU's index has not been promising either.

foreign banks that have shut shop in the country or scaled down their operations. So far, foreign lenders such as South Africa's First Rand Bank and Abu Dhabi Commercial Bank have completely exited India, while others such as Citi Bank, Barclays, and BNP Paribas have scaled down their operations. This leaves around 44 foreign lenders operating in the country. There have been some murmurs about how these exits are linked to stricter compliance requirements for foreign lenders, and more banks may leave Indian shores, which doesn't augur well for the economy as a whole. Foreign banks have been lobbying for changes in Indian banking regulations, arguing for a level playing field, but the fact is that most of these exits are linked to global business strategies. Supported by resilient domestic demand, India's growth story is only going to get stronger. Already, India's state-run banks have turned around, and private sector lenders are also well placed to meet the demands of a growing economy. As per a report from Goldman Sachs Research, India may emerge as the world’s second-largest economy by 2075. It makes little business sense if foreign lenders choose to stay away or continue here with restricted operations. In this context, the question arises: Do foreign banks need to reinvent themselves to stay relevant in India?

The August gold futures were trading at Rs 59,285 per 10 grams on the MCX around 10 am, up by Rs 46 or 0.08% from Thursday's closing price. Meanwhile, September Silver futures were at Rs 75,585, rising Rs 259 or 0.34%. Gold and silver futures ended in the green in the previous session.

Pakistani woman Seema Haider did not return to her country, said an official on Friday, according to PTI reports.  Police received the call on July 12. The caller, who spoke in Urdu, said there would be a terror attack, like the one that took place on November 26, 2008, in Mumbai and that the Uttar Pradesh government will be responsible for it, the police official said.  He informed that Mumbai Police is investigating the threat call and a crime branch team has also been roped in.

₹430 per share, 35.6 percent higher than the issue price, and on the BSE, the stock was listed at ₹431 per share. The company has fixed the price band for the issue at ₹301 to ₹317 per share. “Senco Gold IPO made a strong debut on the stock exchanges today, listing at ₹430 per share, a premium of 36% over the upper end of the price band of ₹317.

Also read: Delhi Floods: People face problems due to the water-logging situation as Yamuna overflows | Watch in five videos Due to a ban on the entry of Heavy Goods Vehicles (HGVs) in the city, several buses and trucks found themselves stranded. Water level of the Yamuna River in Delhi has started to decrease today.

Aarin Capital chairman T V Mohandas Pai has urged the state’s new Congress regime to plan a Suvarna Karnataka expressway from Bidar to Bengaluru as the party national president Mallikarjuna Kharge too hailed from that region. North Karnataka is home to manufacturing hubs, adding jobs, and contributing to the state’s revenue, the former Infosys director told ET, sharing his insights on the recent budget presented by chief minister Siddaramaiah.

Investing.com-- Singapore’s economy grew slightly more than expected in the second quarter, data showed on Friday, as resilience in construction activity and the service industry helped offset a sharp decline in manufacturing.