Citi Financial News

NEW DELHI : Exports by Indian sellers to Amazon marketplaces the world over are on track to surpass $8 billion in 2023, said a top executive at the company. The business update comes over a year after the global e-commerce marketplace had doubled targets to achieve $20 billion in cumulative e-commerce exports from India by 2025. The update is part of Amazon Global Selling, the retailer’s e-commerce exports program, that has grown to more than 1.25 lakh Indian exporters since its launch in 2015.

Vande Bharat Express train on Wednesday between Kadur-Birur section in Chikkamagalaru district of Karnataka. The matter is being investigated by the Railway Protection Force (RPF). According to railway authorities, the incident occurred at 8.40 am when the train was passing between Kadur-Birur section at "KM 207/500".

Vanarama National League kicks off on August 5. All preparations have been made and the clubs are gearing up for the showdown with their arch rivals. Chesterfield host Dorking Wanderers at the SMH Group Stadium. Hartlepool United will take on Barnet while Boreham Wood will face Gateshead. On the other hand, York City meet Wealdstone while Altrincham face Dagenham & Redbridge. Eastbourne Borough will play against Hampton & Richmond on the inaugural day of the tournament. Chelmsford City will take on Farnborough, Aveley will play against Chippenham, and Truro City against Welling. Title hopefuls Maidstone United will take on St Albans City. The National League is called the Vanarama National League for sponsorship reasons. Clubs like Chesterfield, Oldham Athletic, Rochdale, York City, and Southend United take part in this league. Initially, called Alliance Premier League, it was launched in 1979. BT Sports will broadcast it live while FreeSports will show the highlights. National League has its own official website.

Treasury yields were modestly higher on Wednesday after a softer-than-expected reading on U.S.-made goods and ahead of the release of the minutes from the Federal Reserve's latest policy meeting in June. Factory orders rose 0.3% in May, shy of the estimate of economists polled by Reuters for a 0.8% increase and matching the revised 0.3% rise in the prior month. The manufacturing sector has struggled under the Fed's rapid rate hike cycle.

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Ontario needs to incentivize the development and preservation of a range of affordable housing options as high housing costs limit buying power and fuel migration out of the province, a business group says.

By Anirban Sen and Abigail Summerville

As the NCP vs NCP rift deepens, Maharashtra Deputy Chief Minister Ajit Pawar appears to be ahead in the number game with more Nationalist Congress Party (NCP) MLAs supporting him than his uncle and party president Sharad Pawar. On Wednesday, the warring factions held separate meetings to show their strength, escalating the battle between the relatives as to who will hold the reins of the party founded by Sharad Pawar 24 years ago after quitting Congress.

₹100 per kilogram, it has breached the petrol and diesel prices in major cities of the country. In comparison to Mumbai and Delhi's petrol prices -- i.e.

Railways is reviewing the fares of some short-distance Vande Bharat trains with low occupancy to make them more viable for people, sources said on Wednesday. Barring a handful of such low occupancy trains, most of the services of this semi-high speed train currently is running with full occupancy, according to official data. Vande Bharat trains like the Indore-Bhopal, the Bhopal-Jabalpur and the Nagpur-Bilaspur express, along with some others are likely to fall in this category, the sources said.

Rail Land Development Authority (RLDA), a statutory authority of Indian Railways, has invited bids for leasing out 36,458.18 Sqm. of Railway Land at Naliapool Railway Colony Dibrugarh. The reserve price of the land is Rs 31 Crores.

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South Carolina, an alligator attacked and killed a woman who was walking her dog Wednesday. This macabre incident took place on Hilton Head Island. Confirming the incident, the Beaufort County Sheriff's Office said that the police have recovered the body of a 69-year-old lady by a poolside near a golf course in the Spanish Wells Community. It also said that the alligator was guarding the body of the woman, preventing the rescue operation. The dog was safer. The alligator was removed from the body of the woman. Unfortunately, it is not the first incident of this kind in the area. The Sheriff’s office said in a statement posted on its Facebook page, “This is the second fatal alligator attack in Beaufort County in less than a year. On August 15, 2022, an 88-year-old Sun City woman was attacked by an alligator at a lagoon near her home.” In a separate incident in the Bluffton community in August 2022, an elderly woman was killed by an alligator after she slipped into a pond accidentally. In this incident also, the alligator was seen guarding the woman. In yet another incident, an alligator mauled an elderly woman in a gated community. The alligator grabbed and pulled the woman into the water after she tried to touch it.

₹405 crore. The IPO has already been fully subscribed on the second day itself led by strong demand from retail as well as non-institutional investors.

India, July 5, 2023: Goa, known for its picturesque landscapes and vibrant culture, has become the latest addition to the Housewise family as the property management startup extends its operations to this popular tourist destination. With a successful launch in Pune and Bengaluru back in 2017, Housewise has steadily expanded its presence to several major cities across India, including Hyderabad, Chennai, Delhi, Noida, Gurugram, Mumbai, Thane, Ahmedabad, Kolkata, and now Goa.

Proxgy, a leading IoT (Internet of Things) technology start-up from India, has forayed into the Fintech space with the launch of its latest product line named AudioCube, a multi-lingual payment alert audio mechanism with ad network integration for merchants and retailers, that acts as a real time transaction settlement system irrespective of the payment gateway.

Q2 2023 recorded 14.6 mn sq ft of gross absorption across the top 6 cities, rising by 2% YoY, making a strong comeback after a cautious first quarter. Amidst global economic headwinds, demand continued to grow on a sequential basis, indicating a continued occupier confidence, according to Colliers’ Q2 2023 Pan India Office Market Snapshot (Grade A).

The narrative surrounding sustainable cities has expanded to encompass the multifaceted responsibilities of developers. In addition to focusing on sustainability, developers also play a crucial role in creating homes that promote wellbeing, incorporating cutting-edge technology, and prioritizing the needs of users. Developers today, through innovative approaches and technologies, shape urban landscapes to foster eco-friendly structures while considering the unique challenges faced by different cities.

In H1 2023, the National Capital Region (NCR)’s primary residential market witnessed steadfast homebuying demand. However, the conspicuous annual growth in demand and supply parameters in the half yearly periods of 2021 and 2022 due to the pandemic softened during this review period as the market seems to have stabilized, according to Knight Frank India’s flagship half-yearly report — ‘India Real Estate H1 2023’ — which tracks the ongoing developments that have impacted the residential and office segments across the top 8 cities.

On Tuesday, Yogi Adityanath, chief minister, Uttar Pradesh, expressed that the state has witnessed significant progress in the field of basic education over the last six years. He highlighted the successful revival of numerous schools that were previously on the brink of closure. In a ceremony held at the Yogiraj Baba Gambhirnath Auditorium, he inaugurated the ‘Sampark Smartshala-Smart Block’ programme. The collaborative effort between the basic education department and the Sampark Foundation aims to enhance educational facilities, according to an official statement.

Narendra Modi will flag off two Vande Bharat Express trains from Gorakhpur city of Uttar Pradesh on 7 July. This inauguration will be part of PM Modi's two-day visit of four states. The two Vande Bharat train that will be inaugurated will be Gorakhpur-Lucknow Vande Bharat Express and Jodhpur-Sabarmati Vande Bharat Express.