Citi Financial News

09.07 / 17:05

COST UPS Citi FIVE Platform Strategy ICE Can M&M retain its SUV edge in the EV era?

NEW DELHI : Aadya Ahuja, a 27-year-old counselling psychologist based in Delhi, loves the thunderous rumble of diesel engines. She inherits her fascination for tall, butch Mahindra SUVs from her father. In fact, she learnt to drive on her father’s diesel-powered Scorpio, a rather unusual choice for a young person in a city getting behind the wheel for the first time.

09.07 / 16:19

COST UPS Citi Lowe's FIVE June retail inflation likely inched up to 4.6%: Mint poll

NEW DELHI : India’s retail inflation is likely to have inched up to 4.6% in June from a 25-month low of 4.25% in the previous month on account of higher food inflation driven by vegetable, pulses and cereal prices, showed a Mint poll of 19 economists. The poll predicts consumer price inflation (CPI) in a range of 4.1-4.8%, with all but two economists expecting inflation to rise. Official data is scheduled to be released on 12 July.

09.07 / 16:19

UPS Citi Provident FIVE Citizens Dreams Backed For Hong Kong's youth, government-backed hostels offer a smidgen of housing hope

By Clare Jim

09.07 / 16:19

UPS Citi MET FIVE Reuters Russian, Turkish ministers talk after Turkey sends Ukrainian commanders home

(Reuters) — The foreign ministers of Russia and Turkey spoke by telephone on Sunday, a day after Ankara angered Moscow by sending five Ukrainian commanders home with President Volodymyr Zelenskiy in what Russia called a violation of a prisoner exchange agreement.

09.07 / 16:19

COST Citi Provident FIVE Career How much does schooling cost in India and what is its inflation rate?

Mint spoke with some parents to find out the factors that decided the right school for their children. The boards For Sandhya Jandhyala, 40, of Hyderabad, the choice was CBSE, or Central Board of Secondary Education. Both her daughters are students of Bharatiya Vidya Bhavan’s Public School, just 5km from their house.

09.07 / 16:19

UPS Citi FIVE PwC Indian Indian startups raise $3.8 bn in H1 2023, lowest half-yearly funding in 4 years; Saas, D2C, fintech top invested sectors

Indian startups raised $3.8 billion in the first half of 2023 (January to June), falling by a massive 36% as compared to the fundraising in H1 of 2022. This is also the lowest six-month funding in the last four years, as per PwC India research report.

09.07 / 15:25

Citi Provident Waters MoHUA to organise review-cum-workshop to accelerate Swachh Bharat Mission-Urban 2.0

Swachh Bharat Mission Urban 2.0, the Union housing and urban affairs ministry will organise a review-cum-workshop on Monday, according to a statement. The ministry said over the last eight years, the mission has revolutionised sanitation in urban India by building nearly 70 lakh household, community and public toilets, and more than 4,000 cities have been declared Open Defecation Free (ODF), thus providing safe and dignified sanitation solutions for all.

09.07 / 15:25

Citi PEP Arsenal EPL Transfer: List of players recruited and released by Manchester United, Manchester City, Chelsea, Arsenal, Liverpool

EPL Champions Manchester City, Manchester United, Liverpool, Arsenal, Chelsea and other premier league clubs are busy in fine tuning their squad ahead of the commencement of the new PL season. Premier League 2023-24 season will kick off on August 11 with reigning champions Manchester City taking on Burnley. The matchweek 1 will continue on August 12, August 13, and August 14 when Manchester United will host Wolves.

09.07 / 15:13

Citi FIVE Waters Action Highways Schools Rainfall wreaks havoc in North India. Red alerts issued, schools closed. Top points

National Highway. State Disaster Response Force and police officials said there were 11 people in the jeep. Five people have been rescued, while a search is on for three others, they said and added that three bodies have been recovered by rescue personnel.

09.07 / 15:03

Citi MET Waters Traffic Excess rainfall in parts of Uttar Pradesh; traffic hit in cities

Uttar Pradesh recorded widespread excess rainfall on Sunday, causing a rise in river water levels, hitting traffic movement in cities, and inundating farms in rural pockets. Of the 75 districts in the state, rainfall was witnessed in around 68 districts, according to Indian Metrological Department (IMD) data.

09.07 / 15:03

Citi Twitter FIVE Waters Extreme Platform Delhi breaks 41-year rainfall record, several areas waterlogged, more showers likely for next 2 days

Delhi, on Saturday and Sunday, received heavy rainfall breaking a 41-year record. Delhi recorded 153 mm of rain in 24 hours ending 8.30 am on Sunday, the highest in a single day in July since 1982, the IMD has said. According to India Meteorological Department, New Delhi's Safdarjung recorded the third highest 24-hour rainfall (for the month of July) on 8th-09th July, 2023, since 1958.

09.07 / 14:45

UPS Citi BLOCK Parke Billionaire Kerry Stokes wants to buy a public road

Media and mining billionaire Kerry Stokes is trying to buy a public road, understood to be part of an effort to quietly expand the footprint of his influential private office in the middle of Perth.

09.07 / 12:47

Citi Schools Heavy rains in Delhi: Schools to remain closed on Monday; govt asks officials to be on field

Delhi, Chief Minister Arvind Kejriwal directed the closure of schools on Monday and also instructed government officials to be on the field. In a tweet in Hindi, Kejriwal said, «In view of the torrential rains in the last two days and keeping in mind the warnings of the meteorological department, all schools will remain closed on Monday.» Delhi recorded 153 mm of rain in 24 hours ending 8:30 on Sunday, the highest in a single day in July since 1982, the India Meteorological Department said.

09.07 / 12:39

Citi Waters Parke Schools Delhi schools to remain closed tomorrow due to heavy rainfall: CM Arvind Kejriwal

Delhi recorded 153 mm rain in the 24-hour period ending at 8:30 am on Sunday, the highest in a single day in July since 1982, the India Meteorological Department (IMD) said. An interaction between a Western Disturbance and monsoonal winds is leading to an intense rainfall spell over northwest India, including Delhi, which experienced the season's first "very heavy" rainfall on Saturday. "In view of the torrential rains in the last two days and keeping in mind the warnings of the meteorological department, all schools will remain closed on Monday," Kejriwal said in a tweet in Hindi.

09.07 / 12:39

Citi Extreme work from home Schools Gurugram heavy rains: Schools closed on Monday, Work From Home advisory issued for corporate offices

Gurugram Deputy Commissioner Nishant Kumar Yadav Sunday issued an advisory to corporate houses to ask their employees to Work From Home (WFH) and schools to remain closed on Monday to avoid traffic congestion in several part of the Millennium city due to heavy rains. The Deputy Commissioner urged the residents to stay indoors and venture out only for essential work so that the waterlogged roads can be cleared as soon as the rain stops. “Corporates advised to allow staff to work from home on Monday for faster road drainage after rainfall subsides," the Gurugram Deputy Commissioner twitted.

09.07 / 12:19

Citi BLOCK Waters Extreme Platform Parke work from home Schools Heavy rains paralyse life in Gurugram: Work from home for corporates; schools to remain closed on Monday

Gurugram on Sunday, as several parts experienced severe waterlogging and traffic jams, with the administration advising corporate houses to work from home on Monday and schools to announce a holiday. Heavy rains blocked arterial roads, parks, underpasses, and markets. Meanwhile, Deputy Commissioner Nishant Kumar Yadav urged residents to stay indoors and venture out only for essential work, as reported by PTI.

09.07 / 12:19

UPS Citi Manufacturing FLEX India’s office market shows resilience amid global headwinds, snaps 6-quarter declining trend

India’s top seven property markets broke the six-quarter declining trend by making a recovery in the quarter ended June supported by demand for global capability centers across Industries. While occupiers remain slightly bearish on expansion activity, India continues to see growth from its domestic corporations and global occupiers moving ahead with their expansion plans in a steady manner. The gross leasing activity in the top seven cities of India reached 12.7 million sq ft during the quarter, demonstrating a stable market sentiment in comparison to the previous quarter, showed data from JLL India.

09.07 / 12:13

COST Citi Provident Lowe's Target Southern French central bank head warns against raising ECB inflation target

AIX-EN-PROVENCE, France (Reuters) — France's central bank head Francois Villeroy de Galhau pushed back on Sunday against a suggestion from some French economists to raise the European Central Bank's (ECB) 2% inflation target.

09.07 / 11:51

Citi Waters Parke Delhi gets highest rainfall in 40 years, water logging, building collapse reported in several parts | WATCH

Delhi, will witness rain, the intensity of the rain will be high for 2-3 days, and the intensity will reduce after that. There will be some relief from the heat during this period," said Charan Singh, Head of IMD, Delhi. IMD has forecast "Isolated Heavy to very heavy rainfall over Uttarakhand, J-K during 08th-10th; East Rajasthan, Haryana-Chandigarh-Delhi, Punjab during 08th-09thJuly." The downpour wreaked havoc as arterial roads, parks, underpasses, markets, and even schools and hospitals were inundated.

09.07 / 11:13

UPS Citi FIVE PwC Indian Investment in Indian startups in H1 2023 lowest in last four years: PwC India

Indian startups fell by 36 per cent in January-June to USD 3.8 billion, the lowest half-yearly number in the last four years, as investors are taking longer time in due diligence of every aspect of business, according to a PwC India Report. Early-stage deals accounted for 57 per cent of the total funding in the first half of 2023 (H1 CY23) in volume terms, said the report titled, «Startup Perspectives — H1 CY23».

09.07 / 10:59

UPS Citi Action Yellow Limelight Khalistan foreign strain Canada, UK, Australia, US witness surge in pro-Khalistan demonstrations. Will this strain India's foreign relations?

pro-Khalistani groups demonstrated controversial posters. The rally used controversial posters inciting violence with images of the Indian High Commissioner Vikram Doraiswami and Dr Shashank Vikram, Consul General of India in Birmingham, news agency PTI reported. However, it is to be noted that all the protests have fizzled out sooner than expected, also owing to the visible police presence in all the countries.

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