Citi Financial News

05.07 / 09:09

UPS Citi Aware Gap What is keeping Indians away from health insurance?

Higher premiums and lack of urgency along with high complexity are the prime reason for many Indians not buying health insurance, find a survey on the trend among insurance buyers in India. Lack of affordability, higher premiums, difficulty in understanding health insurance clauses, and insufficient funds, emerged as the main obstruction for people who are willing to buy health insurance, according to the policybazaar.com's report, titled ‘How India buys Insurance’. As per the survey, 43 per cent of all the respondents who didn't take any health insurance cited high premiums as the main reason for not doing so.

05.07 / 08:53

Citi FCA contacted police over Odey sexual misconduct allegations

The City watchdog said it has been in touch with the police as part of its investigations into Crispin Odey and his London-based hedge fund Odey Asset Management.

05.07 / 08:53

Citi Deal City investment bank Numis warns of ongoing deal slump

City investment bank Numis has warned the deal slump will last the remainder of the year after its revenue declined over the past three months.

05.07 / 08:45

Citi Waters Extreme Southern Subway Mercury testing How is extreme weather testing China's climate resilience?

rainfall are testing China's ability to cope with increasingly wild weather, as high temperatures challenge power grids and water security while floods ruin crops and threaten urban populations. Officials have warned repeatedly that China is especially vulnerable to the impacts of climate change due to its large population and unevenly distributed water supplies, even as infrastructure is built and policies are rolled out to bolster the country's climate resilience.HOW WORRYING IS THE HEAT? The average number of high-temperature days stood at 4.1 in January-June, already higher than the full-year average of 2.2 days.

05.07 / 08:45

Citi Premium Consumer enthusiasm for mid and premium segment in housing market to continue: Vivek Rathi

«We still identify it as an indication of a robust market considering the market has maintained the scales that it achieved in the last year-year and a half. So on that account, yes, the growth rates would be expected to be lower compared to the past two years but the market is maintaining the high scales which is something to look forward to,» says Vivek Rathi, Knight Frank.Just wanted to begin by discussing the latest report that you have released. Does it give you any sort of indication that there is a bit of a plateauing of demand and FY24 is not going to be as stellar as FY23 was?Yes, very pertinent question.

05.07 / 08:37

UPS Citi Manufacturing FLEX Office rent stable in Apr-Jun on flat demand, 32 pc rise in new supply across top 6 cities: Colliers

office rentals remained stable during April-June at Rs 95 per square feet across six major cities as new supply rose 32 per cent, while demand grew by a modest 2 per cent, according to Colliers India. Real estate consultant Colliers India released its quarterly data of six major office markets — Bengaluru, Delhi-NCR, Mumbai, Chennai, Hyderabad and Pune — on Wednesday. Gross leasing of office space rose 2 per cent to 14.6 million square feet across top six cities during April-June, from 14.3 million square feet in the year-ago period, driven by technology, engineering & manufacturing sectors.

05.07 / 08:29

COST Citi Waters PM Modi to visit Varanasi on 7 July, inaugurate various development projects

₹12,100 crore, the prime minister’s office said in a statement. According to the PMO, the prime minister will dedicate Pt. Deendayal Upadhyaya Junction - Son Nagar railway line of Dedicated Freight Corridor.

05.07 / 08:05

Citi Digital Booking Metro Indian Indian smartphone users benefit by ₹6 for every ₹1 they spend, study reveals

shopping/booking/hiring of products and services. One such interesting finds of the survey is that a smartphone consumer in India benefits by ₹6 for every Re 1 spent. The study also states that the economic value of smartphones for the rich is almost 50% higher in India as compared to the middle class.

05.07 / 07:19

Citi Digital Citizens Google Apple Cabinet likely to approve Digital Personal Data Protection Bill

cabinet is expected to give a nod to the Digital Personal Data Protection Bill on Wednesday, reported ET NOW, citing sources. The bill is likely to be introduced during the monsoon session of Parliament starting July 20, 2023. The DPDP Bill, a second attempt at a legal framework for data protection, sets out rights and duties of citizens and obligations of organisations for using data.

05.07 / 07:19

Citi Digital Platform Single and looking to mingle, take part in this social experiment which involves some funky jewelry

Pear ring if you're single and ready to mingle. Single people have begun to replace traditional dating apps with these fashionable silicone rings, known as Pear rings (pairing), which are rapidly gaining popularity among those seeking to mingle with like-minded individuals. The concept behind this trend aims to alleviate awkward encounters with individuals who are already committed.

05.07 / 06:45

Citi Fighting Banner Posters outside Sharad Pawar's residence: 83-year-old warrior waging lone battle

NCP chief Sharad Pawar's supporters thronged his residence in south Mumbai on Wednesday, hours ahead of the show of strength meetings convened by him and his nephew Ajit Pawar who has parted ways to become Maharashtra deputy chief minister. The Sharad Pawar and Ajit Pawar factions of the Nationalist Congress Party are holding their meetings in Yashwantrao Chavan Centre in south Mumbai and in Bhujbal Knowledge City in suburban Bandra, respectively, on Wednesday.

05.07 / 06:43

UPS Citi Citizens Waters Action NOT Why Vladimir Putin is not a pariah in China

China is presented as an exception: a peace-loving giant that seeks only to do good. Instilling cynicism about the world serves the party well. Without it, February 4th could be a ticklish anniversary for President Xi Jinping.

05.07 / 06:05

Citi Indore Municipal Corporation 1st urban body in country to get EPR credit by recycling single-use plastic: Official

Extended Producers Responsibility (EPR) credit by recycling the banned single-use plastic items after seizing them, a senior civic official claimed. Madhya Pradesh Chief Minister Shivraj Singh Chouhan has congratulated the residents and local administration on this achievement of the IMC.

05.07 / 05:45

UPS Citi Target Yellow DXY Indian Gold Rate Today: Gold logs minors gains ahead of Fed mins; check price of yellow metal in Delhi, Ahmedabad, and other Indian cities

yellow metal. The DXY was trading with a positive bias above the 103 mark against a basket of six major currencies ahead of US Fed meeting minutes. The August Gold futures were trading at Rs 58,460 per 10 grams around 10 am on the MCX, rising Rs 51 over Tuesday's closing price.

05.07 / 05:21

Citi Killing Speeding car loses control, rams into three people instantly killing two in Hyderabad

speeding car, following which they violently catapulted into a nearby electric pole on a Sun City main road in Hyderabad. The tragic event occurred when a speeding car, driven by a 19-year-old, collided with the women, resulting in the deaths of a mother-daughter duo, Anuradha (45) and Mamatha (25). Meanwhile, the third woman, identified as Malavika, is currently battling for her life in a private hospital.

05.07 / 05:21

COST Citi Highways ‘Petrol price will be at ₹15 per litre if..’, says Union minister Nitin Gadkari

₹15 per litre and the people will be benefitted. While addressing the public here in Pratapgarh, Rajasthan, Gadkari said, “If an average of 60% ethanol and 40% electricity is taken then petrol will be available at the rate of ₹15 per litre and the people will be benefitted. Pollution and import will reduce.

05.07 / 05:03

Citi IPO Digital Premium Veefin Solutions SME IPO lists at a premium on BSE SME

BSE SME exchange at a premium on Wednesday. The stock was listed at ₹86.05 per share, nearly 4.9 percent higher than the issue price of ₹82 on the BSE SME exchange. On day 3 of the subscription, the issue was subscribed 2.46 times. The retail investors portion was subscribed 1.65 times and other category was subscribed 3.26 times.

05.07 / 05:03

Citi Bayer ‘Headache’ becoming more common in post-pandemic era. Know the causes

businessline. HANSA Research conducted a study on stress-linked headaches, involving 5,310 respondents from 20 urban cities, including tier-1 and tier-2 towns in 15 states.

05.07 / 04:13

Citi IPO CEO Platform Align Enterprise Hero Ft Financial Hero Realty to launch real estate projects spanning 4 million sq ft this financial year

Hero Realty Pvt Ltd plans to launch real estate projects spanning around 4 million square feet in this financial year, with an estimated revenue potential of Rs 3,500 crore, said its CEO Dharmesh Shah. The company, backed by Sunil Kant Munjal's Hero Enterprise, is also considering an initial public offering (IPO) in the next three-four years, Shah told ET. With a focus on residential development, Hero Realty aims to invest Rs 1,000-1,200 crore in this fiscal, he said.

05.07 / 03:19

COST Citi Lowe's Booking ANZ Macquarie Macquarie slowed mortgage assault to preserve profits

Macquarie Bank boss Greg Ward says the lender slowed its push into the residential mortgage market because he suspected aggressive cash offers and refinancing terms had pushed rivals to write loans at large losses.

05.07 / 03:03

Citi MET Maharashtra political crisis LIVE: NCP chief Sharad Pawar, Ajit faction to hold meeting today

To know more about the current political drama in Maharashtra, catch all the latest updates at Mint's LIVE blog:Both Sharad Pawar and Ajit Pawar have asked all the party leaders (MPs and MLAs) and other office-bearers of the party to be present at meetings called by them. Sharad Pawar will hold his meeting at the Y B Chavan Centre, and the Ajit faction will meet at the MET Bhujbal Knowledge City, Bandra.

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