Citi Financial News
12.12 / 09:49
markets
Citi
Software
awards
innovations
Schools
India needs to build dense cities; relook at standards for building construction: Sanjeev Sanyal
urban design and create dense cities which fits our esthetics, our way of living and are economically viable, Sanjeev Sanyal, member of the Economic Advisory Council to the PM (EAC-PM) said calling for a need to redeploy land and old buildings and revisiting the standards set for building construction to allow more innovation in design. “This requires us to rethink our architecture and town planning from bottom up instead of the prevalent top down approach,” he said on Wednesday while addressing a session on urban planning at the Global Economic Policy Forum 2024, organised by the Confederation of Indian Industry. Citing the example of Chandigarh, which Sanyal terms as an economically unviable city, he said it is not a good idea to ever recreate Chandigarh again.
12.12 / 08:23
Citi
Career
Research
President
Artemis poaches high yield analyst from Bank of America to bolster fixed income division
Papadopoulos joined the Edinburgh- and London-based firm from Bank of America to expand Artemis' fixed income team of eight across the two cities. Based in London, Papadopoulos started in the new role last month; he has started working alongside high yield fund managers Jack Holmes and David Ennett, and high yield analyst Darcey Watson. Artemis partners get £57m payout despite drop in profits on lower assets Prior to his near-seven years at Bank of America, where he began as a credit research analyst and left as vice president, high yield analyst, Papadopoulos started his career ...
12.12 / 05:13
markets
UPS
Citi
Provident
Manufacturing
Trade
Gopal Snacks shares tumble 10% amid major fire at its Rajkot manufacturing facility
Gopal Snacks shares skidded as much as 10% on Thursday to Rs 406.75 on BSE after a major fire incident at the company’s snacks manufacturing facility on the outskirts of Rajkot city in Gujarat. The company disclosed this development in an exchange filing. The snacks manufacturer said there had been no casualties or injuries onsite at the Rajkot factory and there has been no loss of data or disruption to the company’s IT systems due to the fire.
12.12 / 03:15
markets
Citi
security
Death
Experts
War
Israeli airstrikes in Gaza hit Palestinians tasked with securing aid trucks
Medics said at least 30 people were wounded and with several in critical condition, they feared the death toll may rise in the first strike in the western area of Rafah City, in the south of the enclave. In the nearby city of Khan Younis, another group of men tasked with security for aid shipments was hit by a separate Israeli airstrike that wounded several of them, medics said.
12.12 / 03:15
markets
Citi
IPO
Strategy
Food
Trade
Experts
Domestic startup Rebel Foods raises funds ahead of planned IPO
Rebel Foods, a startup that specializes in online-only restaurants, unveiled a $210 million funding round, ahead of an initial public offering the company is seeking to pull off by 2026. Singapore’s Temasek Holdings Pte led the fundraising, while Evolvence, an existing investor, will also participate, the company said in a statement. The Series G round includes the sale of new and existing stock, allowing current shareholders to sell some of their holdings. The Mumbai-based company is now valued at $1.4 billion.
12.12 / 01:59
12.12 / 01:07
markets
UPS
Citi
security
Sustainability
show
V-Mart Retail could sustain growth momentum in second half of FY25
Subscribe to enjoy similar stories. V-Mart Retail Ltd’s shares have put up a stellar show, more than doubling over the past year (up about 120%). Sure, it helped that the stock was beaten down around a year ago, hovering near its 52-week low of ₹1,741.70 on 13 December 2024.
11.12 / 19:45
Citi
CEO
Fighting
McDonald’s
country
reports
Investigations
Luigi Mangione, suspect in UnitedHealthcare’s CEO case, fights extradition
Luigi Mangione, the man charged with murder in connection with the killing of the CEO of UnitedHealthcare, made it clear he wasn’t going to make things easy for authorities, shouting unintelligibly and writhing in the grip of sheriff’s deputies as he was led into court and then objecting to being taken to New York to face trial.
11.12 / 19:37
Citi
Target
Waters
CEO
shooting
information
Investigations
Gun found on suspect in killing of UnitedHealthcare CEO matches shell casings at scene, police say
New York City’s police commissioner says the gun found on the suspect in the killing of UnitedHealthcare’s CEO matches shell casings found at the crime scene
11.12 / 19:37
Citi
Provident
awards
country
travelers
Department
Schools
EPA awards $144 million to California to phase out big diesel trucks
The Environmental Protection Agency is awarding $144 million in grants to fund 13 projects in California to help the state phase out big rigs that run on diesel
11.12 / 19:37
11.12 / 19:37
Citi
Southern
cover
travelers
Relationships
Luxury real estate brokers charged in federal indictment with sex trafficking in NYC
Two luxury real estate brokers and their brother have been charged in a federal indictment with sex trafficking
11.12 / 15:27
COST
Citi
Digital
Fox
Moodys
Experts
Department
Mechanic shortage persists as workers age out of profession
Two Jersey City dealership owners told Fox News Digital they are not fully convinced EVs should be the only vehicle in the household.
11.12 / 14:13
markets
UPS
Citi
wellness
exclusive
hospital
International
‘Will deploy ₹800 crore to acquire new hotels by FY27’
Subscribe to enjoy similar stories. FMCG and tobacco conglomerate Dharampal Satyapal Group's (DS Group) hospitality arm is aggressively expanding its hospitality division, with plans to increase its portfolio from six hotels to 10-12 by FY27. The company is focusing on both city and resort 4–5-star hotel category properties, primarily in "high-growth" regions across India, Rajiv Kumar, vice chairman of the company, said, speaking exclusively to Mint.
11.12 / 12:25
11.12 / 11:05
Citi
MET
Progressive
Google
Southern
Google, Andhra Pradesh eyeing big AI opportunity in Vizag: CM Chandrababu Naidu
N Chandrababu Naidu on Wednesday said global tech giant Google and Andhra Pradesh are eyeing a big artificial intelligence (AI) opportunity in Visakhapatnam. Addressing a district collectors conference at the secretariat, the CM said Google and the southern state have signed an agreement, which would catapult the port city's development. «Recently when IT Minister (Nara Lokesh) went to America, he went to Google campus and requested them. And the result of that is today Google has (agreed to come to Vizag). We signed an MoU (agreement) before coming here. We are looking at a big opportunity in AI,» said Naidu. After proposing Vizag as a prospective location, the CM said Google executives visited Andhra Pradesh's largest city for a firsthand survey and were totally impressed. «If big firms like Google come to Visakhapatnam under strategic investment, that is a game changer,» he said, adding that data centres, AI, machine learning (ML) and deep tech, along with internet sea cables will transform the coastal city into a service hub for the globe. Further, the TDP supremo highlighted that Vizag will become a strategic location.
11.12 / 09:11
COST
UPS
Citi
Provident
trends
country
reports
Mini Bengalurus: Why govt wants tech hubs in Tier II, III towns
Bengaluru Rising report, released by the UnboxingBLR Foundation during the Bengaluru Tech Summit, highlighted the city’s economic growth, lifestyle advantages and global appeal. Bengaluru has positioned itself as an economic powerhouse, ranking third in company formations after Mumbai and Delhi, with over 27,000 new companies registered between 2012 and 2023. It has also added 80 million square feet of Grade A office space, generating 800,000 jobs—the highest among Indian cities. In the startup ecosystem, Bengaluru remains unmatched. On average, the city has seen 1,400 startups emerge annually over the last decade, trailing only Delhi NCR’s 2,100 yearly average. It also leads the nation in startup funding and the creation of unicorns, reinforcing its reputation as India’s entrepreneurial hub in addition to being its own Silicon Valley. But it seems Bengaluru is getting saturated with its phenomenal growth. Though it may seem nearly impossible to build another Bengaluru in India, a lot of mini Bengalurus can sprout across the country in coming years.
11.12 / 09:03
UPS
Citi
Highways
War
Inside Assad’s ransacked palace: Anxiety pills, graffiti and shredded posters
Subscribe to enjoy similar stories. DAMASCUS, Syria—Rebel fighters and civilians strolled through the grounds of Bashar al-Assad’s presidential palace on Tuesday, stepping on shredded posters of the former dictator who had fled to Russia days earlier. In Assad’s abandoned office, his desk and floor were littered with books and papers: a history of the Russian military, a map of northeastern Syria, a biography of himself.
10.12 / 20:29
Citi
FIVE
Death
reports
prevention
Investigations
Death toll in Italy fuel depot blast rises to 5
Italian media reported that rescuers have found the body of the last missing person at the site of the explosion that hit a fuel depot a day earlier in the central Tuscany region
10.12 / 20:29
Citi
BLOCK
Airlines
Highways
Bill
President
Department
Truck drivers in Mexico block major highways to protest the government's failure to pay bills
Truck drivers have blocked some major highways in central Mexico to protest the fact the government hasn't paid them for work they did on a tourist train line
10.12 / 16:21
Citi
Man
CEO
shooting
show
Courts
Investigations
Details emerge about suspect charged with murder in killing of UnitedHealthcare CEO
Court records show New York prosecutors have charged a man with murder in the fatal shooting of UnitedHealthcare’s CEO
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