Citi Financial News

Dushyant Chautala said late Tuesday, a development many restaurant owners said would give a significant boost to revenues and night life in cities like Gurgaon and Chandigarh, which have a large young population. “There will be no restriction on restaurants to close at night; no one can force them to shut down,” the minister said at a state-level meeting of multiple departments. Industry executives welcomed the development, stating that the move would be a win-win for all stakeholders.

SCO Heads of State Council approved the SCO Economic Development Strategy to 2030; made the decisions on completing the procedure for admitting the Islamic Republic of Iran to the Shanghai Cooperation Organisation and granting it the status of an SCO member state; signed the Memorandum of Obligations of the Republic of Belarus in order to obtain the status of an SCO member state; and on announced the city of Almaty, Kazakhstan, as the SCO Cultural and Tourism Capital in 2023–2024. In addition, the SCO Heads of State Council approved the Concept of Cooperation between the SCO Member States to decarbonise transport and promote digital transformation and innovative technologies to achieve greater efficiency and sustainability.

Made on a shoestring budget of Rs 2.5 crore, Ram Gopal Varma’s ‘Satya’ went on to be a bona-fide success at the box-office, earning Rs 15 crore. It also kickstarted the career of two Bollywood veterans — actor Manoj Bajpai and director Anurag Basu (who co-wrote the film with actor-screenwriter Saurabh Shukla) who would go on to be the doyens of indie/art films in Bollywood. The ‘Satya’ cast recently went on a trip down the memory lane.

Yeh Jawani Hai Diwani (YJHD) inspired many wanderlust souls from our generation to sign up for travel jobs. And, his famous dialogue — “Mai udna chahta hun, daudna chahta hun, girna bhi chahta hun. Bas, rukna nahi chahta” — continues to encourage many to date. Not everyone desires to find comfort in a 9-to-5 cubicle job, right? Some wish to travel and explore the unexplored. However, when reality pulls us back to the ground, we wonder if we can actually earn enough money to pay for our bills through these seemingly exciting travel jobs. While it may have been slightly difficult to resolve this dilemma a decade ago, today you undoubtedly have several career options to make a substantial amount of money without giving up on your passion to travel. Plus, there are various educational institutes offering well-customised courses to help you establish a successful career in the travel niche. All you need is to engage in some research. In fact, to assist you and narrow down your search process, we have listed a few lucrative career options that you can pursue to fulfil your travel dreams. Continue to read to get a brief idea about each one of them. 1) Flight attendant/pilot – If you intend to travel across the globe and interact with different people, nothing can serve you better than the aviation industry. The best part is that the airline pays for your travel, layovers, stay and food. In addition, this is one field where you can take up numerous roles such as a flight attendant, pilot or co-pilot. But bear in mind, each one of them requires you to take up a specialised course, undergo rigorous training and meet specific requirements.

New Delhi: Reliance Jio's new internet enabled 4G featurephone at ₹999 could disrupt the 2G market and help Jio gain market share by revenue as well as gain about 100 million subscribers, said brokerage houses.  With the JioBharat phone, the No 1 carrier is once again aiming at the bottom of the pyramid which is bound to bring to halt any incremental tariff increases by Bharti Airtel and Vodafone Idea or any tariff corrections, which will be a negative impact on the No 2 and No 3 carriers.   Jio announced the JioBharat 4G V2 phone on Monday, which will be priced at Rs999 -- about 20-30% discount compared to existing average prices of featurephones -- will be available for sale from 7 July.   The device that will work only on Jio's network and comes with entertainment apps from the Jio stable such as Jio Cinema and Jio Saavn pre-installed. Jio has also come out with new tariffs for this device at Rs 123 for 28 days and  ₹1,234 annually.

National Green Tribunal (NGT) has formed a panel to monitor the implementation of the recommendations for checking air pollution in and around the All India Institute of Medical Sciences (AIIMS) here in a time-bound manner. While entrusting the responsibility of adopting the measures required to reduce air pollution inside the campus to the medical institute's director, the tribunal has also constituted a separate panel to study identical issues at several other government hospitals in the national capital and issue appropriate Standard Operating Procedures (SOPs).

Adani Electricity Mumbai on Tuesday said that its aggregate technical and commercial losses have reduced to 5.93 per cent in FY23 as against 6.55 per cent recorded a year ago. The Adani Group entity said it upped monitoring on the power theft side, which resulted the key ratio coming down to what it claimed as one of the lowest in the industry across the country.

Israel Defense Forces (IDF) said the Jenin operation was targeting a major Palestinian militant command centre, with Israel carrying out an airstrike on Monday afternoon near a mosque in the camp that the army said was being used by Palestinian gunmen. When the smoke had cleared in what became known as the Battle of Jenin in 2002, more than 50 Palestinians and 23 Israeli soldiers were dead, 13 of them killed in a single ambush trying to fight through the booby-trapped streets.

Also Read: Explained | What does Saudi's oil output cut mean for India? Oil marketing companies had suffered significant losses in the first half of fiscal 2022-23 on high crude oil prices as a result of the Russia-Ukraine war. OMCs did not significantly increase retail prices last year even after crude reached a peak of $140 per barrel in March 2022. Due to this, the oil refiners registered losses as petrol and diesel rates have been unchanged since April 2022.

New Delhi: Dream Sports-backed FanCode’s shop has become an merchandising partner to the ICC for the upcoming Men’s Cricket World Cup. The company will have a licensing and merchandising partnership with the International Cricket Council to curate official fan merchandise and accessories for the tournament. The digital broadcaster's shop will operate official in-venue outlets at host venues for merchandise of all ten 10 participating teams.

Business travel for Indonesians to Australia will be made easier in a bid to boost the economic partnership between the two countries following a deal struck between their leaders

One of several Japanese officials charged in a widespread bribery scandal involving Tokyo Olympic organizers has been found guilty but avoided jail time

The European Union's climate chief has expressed concern over the expansion of China's coal industry, with the building of new coal-fired plants

The Russian military says it has fended off a Ukrainian drone attack on Moscow that prompted authorities to briefly close one of the city's airports

Gurugram, leading to waterlogging in many parts of the city. Private weather forecaster said that many parts of NCR, including Gurugram, could also see heavy rainfall tomorrow as well. «Intensity may increase by tomorrow and entire Delhi may get good rain,» Mahesh Palawat, vice president Meteorology and climate change said in a tweet.

By Qiaoyi Li and Brenda Goh

Q2 as compared to the last quarter, mentioned a latest report by Cushman & Wakefield. According to the report, the office realty sector continues to witness a positive demand momentum with the half-yearly gross leasing volume standing at 33.1 msf, accounting for 46% of full year volume recorded in 2022 that was a historic high. Anshul Jain, Head of APAC Tenant Representation and Managing Director, India & South East Asia, commented – “India’s office real estate market continues with its growth momentum. A significant reason for its ability to buck the global recessionary headwinds is the rise in domestic demand. The entry of new GCCs and the ongoing expansion of the manufacturing and flex space segments are also helping the office sector widen its demand base. We can expect the exuberance seen last few quarters in office real estate to continue, if the momentum holds.” According to the report, Delhi NCR recorded the highest leasing volume of 3.6 msf which is 24.8% higher than the Q1-23 volumes. Pune and Bengaluru also recorded healthy leasing volumes of 3.1 msf & 3.0 msf respectively. Hyderabad, meanwhile, witnessed an impressive 61.7% Q-o-Q growth with the total leasing volume standing at 2.6 msf,” the report mentioned. The IT-BPM sector is the biggest contributor with 31% share of the total leasing volumes i.e around 5.3 msf. The flexible space, as an emerging asset class has a special role to play, the report further highlights. In H1-23, this segment once again contributed 13-14% to India’s GLV. With close to 15,700 seats take-up by enterprises in Q2, H1-23 saw total absorption of 36,500 seats across top-8 cities.

₹5600 crore in Pratapgarh, Rajasthan. The ceremony marked the inauguration of four NH projects, spanning a total length of 219 km and costing ₹3,775 crore. The 6-laning project from Kishangarh to Gulbapura section on National Highway 48 aims to bolster the economic and social development of Ajmer and Bhilwara districts.

Vladimir Putin reassured Asian leaders of Russia's stability and unity on Tuesday in his first appearance at an international forum since the country was rocked by a brief armed mutiny last month. «The Russian people are consolidated as never before,» Putin told a virtual meeting of the Shanghai Cooperation Organisation (SCO), a group that also includes China and India. «Russian political circles and the whole of society clearly demonstrated their unity and elevated sense of responsibility for the fate of the Fatherland when they responded as a united front against an attempted armed mutiny.» Putin's emphasis on Russia's unity at a meeting with key allies appeared to show how keen he is to remove any doubts about his own authority on the world stage after the short-lived mutiny led by Wagner mercenary founder Yevgeny Prigozhin late last month. Wagner fighters took control of a southern city and advanced towards Moscow on June 24, confronting Putin with the gravest challenge to his hold on power since taking over as Russia's paramount leader on the last day of 1999.

Airtel Payments Bank, a FASTag issuer, has collaborated with Park+ to enable FASTag-based smart parking solution at Varanasi's Lal Bahadur Shastri Airport. The FASTag-based smart parking solution enables automatic cashless payments at airport parking, making vehicle movement in the parking zone frictionless and time efficient.

The housing market, a significant growth driver in the real estate sector, is poised for a remarkable year ahead. Residential sales have already witnessed a substantial increase following the Covid-19 period. Nationally, price increments of approximately 7.5% are expected, with varying rates across different cities, says Aman Nagar, JMD, Paras Buildtech.