Citi Financial News

Ming Tee Lee, the Malaysian billionaire behind the conglomerate which owns the InterContinental Hotels in Sydney and Hayman Island, has emerged as the key player behind the Chinese baby formula distributor in the midst of an attempt to role the board of Bubs Australia.

The City is in a fight for its survival. Deals are drying up. Listings are flying overseas. The sunny uplands of post-Brexit London look distant.

₹100/ kg in several cities. The key reason is crop damage in key growing states due to extreme weather from unusually hot conditions to incessant rains. Data from the Department of Consumer Affairs showed that retail prices shot up by 264% in Ahmedabad, 186% in Delhi, and 185% in Bengaluru during 1-27 June.

RBI, which is supposed to have the last word on rupee? The letter made no difference. Punters had the last laugh. Those days, RBI either sharply reacted to such phenomena, or shut its eyes when there was nothing it could do — as it refused to acknowledge the flourishing non-deliverable forward (NDF) market in Singapore, London and New York where big banks took positions on `/$ forwards and settled the trade in dollars.

Hero MotoCorp Ltd in partnership with Harley Davidson has launched the Harley-Davidson X440, and Bajaj Auto Ltd in collaboration with Triumph Motorcycles launched Speed 400. Both these motorbikes are in the above-250 cc segment and have been priced competitively, opening the doors for better customer acceptance. “We think this will lead to faster premiumization of the two-wheeler industry," said Kumar Rakesh, an analyst at BNP Paribas Securities India, in a report on 6 July.

London Deputy Mayor Rajesh Agrawal on Thursday said the capital of the United Kingdom can learn 'jan bhagidari' (people's participation) from Madhya Pradesh's Indore, which has been voted the cleanest city in India six times in a row in the Union government's 'Swachh Surverkshan' initiative. Talking to reporters here, Agrawal, who was born in Indore and moved to London nearly two decades ago, also stressed on the need to keep investing in transport infrastructure and encouraging people to used them instead of their own cars. «It was people's participation which helped Indore become the cleanest city in India.

AFP on 6 July. Thunberg was charged post she refused to obey police orders to leave the site of a protest in the southern city of Malmo on 19 June, said the prosecutor.

Lajpat Nagar market in New Delhi, the Supreme Court Thursday handed down life sentence to four convicts for the remainder of their lives without remission, saying they executed an «international conspiracy» to «destabilise» India by carrying out the blast. The top court, which dwelt in detail on the severity of the offence, however, did not agree with the vehement plea of the prosecution that the convicts be awarded the death penalty for snuffing out innocent lives in the blast on May 21, 1996.

Sourav Ganguly has picked up a minority stake in food delivery startup JustMyRoots for an undisclosed amount and will also be undertaking endorsement for the brand. JustMyRoots, which operates an inter-city food delivery service, is also in talks with venture capital and private equity funds to raise Rs 120-150 crore for its business expansion. The funds will be utilised for manufacturing units for in-house packaging solutions it has developed and also to start food delivery services within the city like Swiggy and Zomato, said CEO Samiran Sengupta.

The human rights groups are concerned about Open Society Foundations (OSF) plans to lay off 40% of their global staff — the nonprofit's second major cut in three years — as billionaire investor George Soros, 92, hands over reins of his multi-billion dollar OSF to his son Alexander Soros, reported AP. “We are most concerned for social justice movements, which now have to wait for the impact on their sustainability," reported AP quoting Kellea Miller, executive director of the Human Rights Funders Network.

Ambrane India expects to almost double its revenue to Rs 500 crore by 2025-26 as it looks to expand both product portfolio and geographic reach, a top official of the company said on Thursday. Ambrane founder and Director Ashok Rajpal told PTI that the company clocked revenue of Rs 230 crore in the last fiscal. «We crossed Rs 230 crore in revenue in the last financial year.

Robust travel demand in and out of mining towns is offsetting weaker domestic demand from business passengers in major cities on the east coast where Virgin has overtaken Qantas.

AMP could be on the hook for north of $100 million in damages after itlost a class action over its controversial financial adviser payout proposal, with the market expecting the issue could lower capital returns for years.

National Security Advisor Ajit Doval on Thursday held wide-ranging talks with French President's diplomatic advisor Emmanuel Bonne with a focus on Prime Minister Narendra Modi visit to Paris next week. Modi will attend this year's Bastille Day Parade as the guest of honour in Paris on July 14. Bonne also called on Modi and briefed him on the progress in various areas of bilateral cooperation.

The move can be linked with a potential surge in the demand for homestay properties from certain cities such as Ahmedabad, Dharamshala, and other metros across the country due to ICC world cup 2023. This year India will be hosting the ICC world cup from October 5 to November 19 across 10 venues in Hyderabad, Ahmedabad, Dharamsala, Delhi, Chennai, Lucknow, Pune, Bengaluru, Mumbai, and Kolkata. “Cricket fans are more willing than ever to explore homestays as an accommodation option,” said Parikshit Choudhury, Chief Business Officer of Alternate Accommodation and Customer Contact Group, MakeMyTrip. Furthermore, the company has also developed a new feature where users can track the distance of the accommodation from the cricket stadium in the city.

Check out the companies making headlines before the bell:

tomato prices remained highest at Rs 152 per kg in Kolkata, followed by Rs 120 per kg in Delhi, Rs 117 per kg in Chennai and Rs 108 per kg in Mumbai, according to the data maintained by the Consumer Affairs Ministry. The all-India average retail tomato price was ruling at Rs 95.58 per kg on Thursday.

Tamil Nadu government’s latest order asking hotels and lodges to provide dormitory and toilet services to drivers of guests may send the room rents soaring, hoteliers told ET. Amending its Tamil Nadu Combined Development and Building (TNCDB) Rules, 2019, the government has mandated the provision of a dormitory, enough space to move around the bed, a toilet and a separate bathroom for every eight beds. Aimed at the safety of drivers, the amendment is to ensure they get adequate sleep and rest before they resume their work.

Crisil Market Intelligence and Analytics report. Crisil's monthly indicator of food plate cost said that soaring tomato, pulses, and staple grain prices have added pressure on the platter. Per plate veg thali, as per Crisil estimates, increased from Rs 25.1 in April to Rs 26.3 in June.

NCP) Working Committee on Thursday approved decision to expel Praful Patel, Sunil Tatkare and nine others who joined hands with NDA. Amid Maharashtra political crisis, a meeting of NCP leaders was called at the residence of party president Sharad Pawar in Delhi. Earlier today, 13 NCP leaders, including PC Chacko, Jitendra Awhad, Fauzia Khan and Vandana Chavan arrived at the residence of party chief Sharad Pawar in Delhi to attend the National Executive meeting.

Titan Company registered a 20% year-on-year (YoY) revenue growth for the June quarter, with all the key consumer businesses witnessing double-digit growth in the quarter. The mainstay jewellery segment saw a 21% YoY growth in the quarter gone by. “Buyer growth was higher than average ticket size growth for this period.