Citi Financial News
06.07 / 12:05
Citi
Target
Parke
Southern
Russian cruise missile attack on Ukraine city of Lviv kills 4 people and injures dozens
Russia fired cruise missiles on Thursday at a western Ukraine city far from the front line of the war, killing at least four people in an apartment building in what officials said was the heaviest attack on civilian areas of Lviv since the Kremlin's forces invaded the country last year. The nighttime attack destroyed the roof and the top two floors of a residential building, injuring 34 people. Emergency crews with search dogs went through the rubble.
06.07 / 12:01
UPS
Citi
Google
Citigroup
HSBC
Deal
Nokia
Reliance Jio
Reliance Jio set to sign $1.7 bn deal with Nokia for 5G equipment: Report
Reliance Jio Infocomm could sign a contract worth $1.7 billion with Nokia this week to purchase 5G network equipment, according to news report by Economic Times. The contract could be signed as early as Thursday in Helsinki, Finland, where Nokia is headquartered, the report added.
06.07 / 12:01
Citi
FIVE
Extreme
Southern
Rains over Southern Peninsula to ease starting Friday, says IMD
New Delhi: Rainfall activity over Southern Peninsula will likeLight or moderate rainfall may continue over southern regions till tomorrow and decrease thereafter, India Meteorological Department (IMD) said on Thursday. The weather office has predicted forecast heavy rainfall fpr Kerala and coastal Karnataka today. Meanwhile, rains lashed parts of the national capital territory on Thursday, causing waterlogging in several areas.
06.07 / 10:09
06.07 / 10:09
UPS
Citi
FIVE
Landmark
Discrimination
committee
California Committee passes landmark bill to prohibit caste discrimination
equality and social justice, the Assembly Judiciary Committee of California recently conducted a hearing for Senate Bill 403 (SB403), which aims to prohibit caste discrimination, according to a report published by ABC10. If passed, California would become the first state in the United States to explicitly ban caste-based discrimination by including caste as a protected category under the state's Unruh Civil Rights Act, as well as fair housing and employment laws. The bill has been passed by the Assembly Judiciary Committee, and now it will move to the Appropriations Committee.
06.07 / 09:53
UPS
Citi
Target
Software
NVIDIA
AMD
Headlines
analyst
4 big analyst picks: Rivian upgraded to Neutral, stock gains on positive headlines
Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades at Rivian Automotive, Advanced Micro Devices, Transocean, and Simon Property Group.
06.07 / 09:47
UPS
Citi
Remark
Puravankara records highest ever sales value since inception, at Rs 1,126 crore in Q1
Puravankara Limited has recorded the highest ever sale value of Rs 1,126 crores, up 119%, for any quarter in the Q1 of the current fiscal and since inception, the company said in its quarterly operational update. “Our unwavering dedication to growth and our ongoing efforts to capture a larger market share has resulted in the highest-ever Q1 sales in the company's history. This is a remarkable achievement.
06.07 / 08:41
Citi
Manufacturing
Parke
Ft
Industrial & warehousing sector recorded space absorption of 22.4 mn sq ft in H1 2023: Savills India
The industrial and warehousing sector recorded a total absorption of 22.4 million sq ft in H1 2023, indicating a 7% increase compared to the 20.9 million sq ft absorbed in the first half of 2022, according to a Savills India report.
06.07 / 08:33
Citi
Extreme
Earth
For the third day in a row, Earth records hottest day ever
temperatures have shattered all-time records this week, highlighting the alarming consequences of escalating greenhouse gas emissions from the burning of fossil fuels. For the third day in a row, Earth’s average temperature remained at a record high on Wednesday. According to the Climate Reanalyzer tool developed by the University of Maine, the average global temperature reached 17.18 degrees Celsius (62.9 degrees Fahrenheit), matching the record set the previous day.
06.07 / 08:17
UPS
Citi
Citizens
VISA
Manufacturing
foreign
China needs foreign workers. So why won’t it embrace immigration?
economic growth and create an enormous burden of care. Yet when officials in Beijing mull solutions, one seems largely absent from the discussion: immigration. China has astonishingly few foreign-born residents.
06.07 / 08:17
Citi
Provident
Extreme
ICE
Uncharted
Earth
week
record high
Hottest week on Earth: Global temp at ‘unofficial’ record high for second day
climate change, primarily driven by the burning of fossil fuels. They also noted that the natural cooling phenomenon known as La Nina is transitioning to El Nino, which is characterized by warming oceans. The North Atlantic has experienced record warmth this year.
06.07 / 07:57
Citi
Manufacturing
Parke
Tier I cities accounts for 75% of the total warehousing space absorption: Report
The industrial and warehousing sector also witnessed a new supply of 27.4 million sq. ft. during the same period, reflecting a 36% growth from the 20.2 million sq.
06.07 / 07:57
COST
Citi
Provident
Platform
PM Narendra Modi all set to unveil new redevelopment plans for Gorakhpur Railway Station; here's what you need to know about it
Narendra Modi is all set to inaugurate the ground-breaking ceremony for the highly-anticipated redevelopment project for the Gorakhpur Railway Station. The project costs nearly Rs 498 crores and the goal of the redevelopment is to transform the station into a world-class facility. The redevelopment will epitomizes the city's cultural heritage and offers a breathtaking view of the revered Gorakhnath temple.
06.07 / 07:25
Citi
IPO
Reuters
IPO preparations: Uber rival Bolt names Mikko Salovaara as new CFO
Bolt named Mikko Salovaara as its chief financial officer ahead of the company's preparation for an initial public offering (IPO). The company, a rival of Uber, was valued at over $8 billion when it raised €628 million from investors in January last year.
06.07 / 07:17
UPS
Citi
IPO
FIVE
Senco Gold IPO subscribed 6.98 times so far on last day of bidding process
The retail portion of the issue was subscribed at 7.23 times. The non-institutional portion was subscribed 12.5 times, while the qualified institutional buyers' portion was subscribed 2.39 times. According to market analysts, the company's shares are trading at a premium of Rs 90-92 in the unlisted market.
06.07 / 06:55
UPS
Citi
Highways
Uniqlo
H&M
Mumbai
Uniqlo to launch Mumbai store in October
New Delhi: Japanese apparel retailer Uniqlo is set to open its first store in Mumbai. The store, set to come up in Phoenix Marketcity, Kurla, is scheduled to open on 6 October. “We are delighted to be launching in Mumbai this fall...October will also mark the anniversary of our four-year journey in India, and this new milestone highlights our strong ongoing commitment to India.
06.07 / 06:05
COST
UPS
Citi
Lowe's
CEO
Glacier
Everyone Wants Interest on Their Deposits. That’s Bad for Main Street Banks.
Nicolet Bankshares thrived in the years after the financial crisis. The lender, based in Green Bay, Wis., bought up smaller banks and focused on the kinds of Midwestern cities and towns that megabanks ignored. Then came the Federal Reserve’s rapid interest-rate increases starting last year.
06.07 / 05:33
COST
UPS
Citi
Lowe's
Wise
NOT
Not just tomatoes, prices of Chillies, Ginger other vegetables also surge. Check state-wise prices here
₹120. Don't know when will the prices come back to normal." In Shimla, tomatoes were being sold at ₹100 whereas other vegetables, including capsicum, pumpkin, cauliflower, and brinjal are also selling at higher prices. Babli Salotra, a Shimla local told ANI that “The prices are very high.
06.07 / 04:45
COST
Citi
Manufacturing
CEO
Strategy
Pool
Deloitte
The Ukraine war changed this company forever
This 50-acre plot in Oradea, Romania, close to the border with Hungary, beat out scores of other sites in Europe to become the home of Nokian Tyres’ new 650 million-euro ($706 million) factory. Like an industrial-minded Goldilocks, the Finnish tire company had searched for the just-right combination of real estate, transport links, labor supply and pro-business environment. Yet the make-or-break feature that every host country had to have would not have even appeared on the radar a few years ago: membership in both the European Union and the North Atlantic Treaty Organisation.
06.07 / 04:27
UPS
Citi
Provident
Lowe's
Waters
Gap
share price
week
RPP Infra Project share price hits 52-week high, gains over 14% on ₹289.30 crore order win
RPP Infra Projects share price gained over 14% to record a new 52-week high on Thursday's trade following an order win worth ₹289.30 crore. RPP Infra Projects shares opened at ₹64.69 apiece on BSE. The stock hit intraday high of ₹66.07 and low of ₹63.05.
06.07 / 03:57
UPS
Citi
MSCI
Nikkei
Stocks slide, US yields climb amid hawkish Fed, China tensions
U.S. 10-year Treasury yields climbed to a fresh four-month high in Tokyo trading, and the dollar extended its rise against major peers. Japan's Nikkei share average slumped more than 1%, continuing its retreat from 33-year highs.
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