Citi Financial News

panchayat elections and over allegations of irregularities. They blocked the Haldia-Mecheda state highway at Nandakumar alleging that ballot boxes were being tampered with at the counting centre, according to a report published by the news agency PTI.  Congress workers blocked the National Highway 12 in Rathbari area in Malda, protesting against the violence during polling on Saturday.

The Central Water Commission (CWC) has issued a warning and stated that the water level in the Yamuna river in Delhi is rising and is expected to breach the danger mark of 205.33 metres on Tuesday. According to the CWC's flood-monitoring portal, the water level in the Yamuna at the Old Railway Bridge stood at 203.18 metres at 1 pm on Sunday. The warning level is 204.5 metres.

Union Mutual Fund is on a growth path now and is looking at adding at least 50 per cent more to the AUM this fiscal, sniffing at Rs 15,000 crore by March. Despite having 22 funds (21 open-ended and one close-ended funds), the fund house sponsored by Union Bank of India and Japanese major Daiichi Life could not reach anywhere in the 43-player scattered industry that controls more than Rs 43 lakh crore of public money in its over 11 years of operations. In the year to March 2023, it had an AUM of just more than Rs 9 crore across 4.96 lakh live folios from 21 cities. Daiichi picked a 39.64 per cent stake in the MF in May 2018. But in terms of its presence in small towns, Union MF does reasonably well with 32 per cent of the AUM coming in from the B30 (beyond top 30) cities and the rest from the T30 (top 30) cities. «As of June our AUM stood at Rs 10,700 crore, up from Rs 9,853 crore in March 2023. We hope to take the AUM to around Rs 15,000 crore by next March as we plan to launch a large thematic fund next month from which we hope to collect at least Rs 500 crore during the NFO period. Of course, a lot will depend on the market,» chief executive G Pradeepkumar told PTI.

Sudan is on the brink of a «full-scale civil war» that could destabilise the entire region, the United Nations warned Sunday, after an air strike on a residential area killed around two dozen civilians. The Ministry of Health reported «22 dead and a large number of wounded among the civilians» from the strike on Khartoum's sister city Omdurman, in the district of Dar al-Salam, which means «House of Peace» in Arabic. After nearly three months of war between Sudan's rival generals, the air strike is the latest incident to provoke outrage.

New Town on Kolkata's northern fringes have claimed that they were not allowed to exercise their franchise in the West Bengal panchayat elections, as «goons» stopped them from entering polling booths in the area. A total of 2.06 lakh candidates are in the fray for elections to 73,887 seats in the three-tier panchayat system in the state, which were held on Saturday. About 5.67 crore people living in the state's rural areas were eligible to vote. A 75-year-old retired academician claimed that he made two attempts to cast his vote at APJ Abdul Kalam College, the polling centre, but was stopped by a group of people. «First, they stopped me at 8 am. Many people blocked roads leading to the polling centre with guard rails. Then again around 12 noon, I tried to go to the booth along with a neighbour, but we had to return. The people standing outside the polling centre told us that our votes have been polled,» the elderly man said. «Later, I heard they had done the same thing at other booths in the township, too,» he added.

President Volodymyr Zelensky brought home from Turkey on Saturday five former commanders of Ukraine's garrison in Mariupol, a highly symbolic achievement that Russia said violated a prisoner exchange deal engineered last year. Russia immediately denounced the release. Kremlin spokesman Dmitry Peskov said Ankara had promised under the exchange agreement to keep the men in Turkey and complained Moscow had not been informed.

construction and major activities in the city, preparations are in full swing for D-day. The rocket is scheduled to be launched on July 15 at 2:35 pm. If all the factors favour India's lunar mission, the Chandrayaan-3 will land on the moon on August 23.

heavy rainfall affecting Delhi, Chief Minister Arvind Kejriwal has revoked the Sunday leave for all government officials and directed them to be actively present in the field. Furthermore, Kejriwal announced that Delhi Cabinet ministers and Mayor Shelly Oberoi will conduct inspections of the "problem areas" within the city. In a tweet, Kejriwal said, “Delhi received 126 mm of rain yesterday.

Gurugram received 71 mm of rainfall till 8 am on Sunday. Meanwhile, the Gurugram Metropolitan Development Authority (GMDA) has closed all underpasses and subways for non-motorised transport (NMT), and pedestrians for public use till the rains last. Several two-wheeler and cycle riders were unable to spot potholes and fell into the murky water on Golf Course Extension Road, Sector 69 Sector 5, Basai Road, and Narsingpur.

Tesla's job posting says that the company is looking for people to capture "high quality data that will contribute to the improvement of our vehicles performance." According to a series of job postings on its careers website, this will be a three-month stint. The position includes both day and night time shifts. Tesla has roles listed in over a dozen US cities, including Austin, Texas, Denver, Colorado, and Brooklyn, New York.

Monsoon Rain: Heavy rain persisted in various parts of the national capital and its neighbouring areas on early Sunday morning, as per the India Meteorological Department (IMD).The IMD further forecasted high-intensity showers to continue over New Delhi for the next two days. According to a tweet by the IMD, thunderstorms accompanied by light to moderate rain are expected in isolated places of Delhi and its adjoining areas.

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. 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. The Safdarjung Observatory, the city's primary weather station, recorded 153 mm of rainfall in 24 hours ending 8:30 am on Sunday, the highest since the 24-hour rainfall of 169.9 mm on July 25, 1982, a senior IMD official said. In the past, the city logged 133.4 mm of rain on July 10, 2003, and an all-time high of 266.2 mm on July 21, 1958. The Met Office has issued a yellow alert, warning of moderate rain which could cause more problems to the residents of Delhi. The weather stations at Ridge, Lodhi Road and Delhi University recorded 134.5 mm, 123.4 mm, and 118 mm of precipitation, respectively.

Pakistan's Counter Terrorism Department (CTD) has arrested four people, whom the officials termed as «wanted terrorists» in the Torawari Mountains Hangu, ARY News reported on Saturday. The terrorists were involved in receiving the ransom from the local people and suspects used to make calls from Afghanistan numbers and threaten people.

first state budget on 7 July, since Congress took charge of the state government this year. However, Belagavi which is also known as the second capital of Karnataka received no allocation except for establishing a human body organ transplantation unit at a government-funded multi-specialty hospital in the city.  The city residents feel disheartened as the state budget focused on the capital Bengaluru under the brand ‘Brand Bengaluru’.

₹1,891,085, with the most common earnings being ₹576,851, according to the Average Salary Survey figures as of July 2023. There is a notable difference in salaries between men and women, as men receive an average salary of ₹1,953,055, while women earn an average salary of ₹1,516,296. These figures reflect the existing gender pay gap in the country.

The northeastern region of the United States is bracing for a slow-moving storm system that is predicted to bring heavy rainfall starting on Sunday. New York City and other areas are on high alert for potential flash flooding, as approximately 80 million people from Washington to Portland, Maine, may experience a month's worth of rainfall within a few hours. AccuWeather forecasts suggest that the storms could bring as much as half a foot (6 inches) or 1-2 inches of rain per hour to New York City and its surroundings.

China look set to send a deluge of production into the market. The construction of more than 20 petrochemical projects — to produce raw materials that go into making everything from plastic packaging to clothing and detergents — will be completed across China this year, said industry consultant ICIS. While part of their output will go into factories across what is still the world’s largest consumer, a slower-than-expected rebound in China’s economy and excessive investment means oversupply is on the cards.

Giessen, CNN reported citing local police. According to police, demonstrators in the German state of Hessen threw stones and bottles and set off smoke bombs and tried to break through police barriers into the event venue, and launched «massive attacks» against their officers, in the early hours of Saturday.

Sudan, making it one of the bloodiest attacks to date in the weeks-long conflict between the Sudanese army and a rebel paramilitary organization, Al Jazeera reported. According to a statement from the health ministry, the assault took place on Saturday in a residential area of Omdurman, the city next to the capital Khartoum. Unknown numbers of individuals were injured in the attack.

pro-Khalistani protestors during a demonstration outside the Indian High Commission on Saturday, according to ANI reports. However, the United Kingdom saw a significantly subdued protest outside the Indian High Commission in London on Saturday, with only 30-40 pro-Khalistanis showing up between 12.30 pm and 2.30 pm GMT yesterday.

Gold Cup soccer tournament, which kicked off on June 24 and runs through July 16, the excitement continues to build. The highly anticipated 2023 Gold Cup is set to take place in 13 cities across North America this summer. Teams such as the USMNT, Mexico, Canada, Jamaica, and Costa Rica are expected to make strong runs in the tournament, adding excitement to the upcoming knockout round stage, which promises intriguing matchups. The matches will be hosted in various cities including Toronto, Arlington, Charlotte, Chicago, Cincinnati, Glendale, Harrison, Inglewood, Paradise, St. Louis, San Diego, Santa Clara, and Houston (twice). The USMNT aims to achieve a historic feat by becoming the first team to win consecutive Gold Cup titles since Mexico's triumph in 2009 and 2011. Meanwhile, the other participating teams are determined to break the trend of USA vs. Mexico finals, which have dominated the tournament since 2017.