Citi Financial News

By Dr (Prof) Nishakant Ojha

The residential market stepped into 2023 on a relatively stable footing with the first half of the year registering sales of 0.16 mn units, 1% lower in YoY terms. While this is the second highest sales volume in almost 10 years, the YoY growth has plateaued in H1 2023 compared to the strong double-digit growth seen in the preceding four half yearly periods, 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.

₹405-crore Senco Gold IPO has been subscribed 38% so far on day 1 as the public issue received bids for 33.56 lakh shares as against 94.18 lakh shares on the offer. Senco Gold IPO received 65% subscription in the retail category, while the portion for Non-Institutional Investors (NII) was booked 25%. The Qualified Institutional Investors’ (QIB) are yet to bid for the IPO, till 1:50 pm on day 1.

The India Meteorological Department's (IMD) regional centre for Mumbai has issued a 'yellow alert' for next three days, predicting heavy to very heavy rainfall at isolated places. The Regional Meteorological Centre has issued a 'yellow alert' for Mumbai from Wednesday to Friday i.e. from 5-7 July.

Parineeti Chopra and politician Raghav Chadha created a buzz when they visited the iconic Golden Temple together in Amritsar. This marked their first visit as a couple, making the experience all the more special for them. Parineeti took to social media to share a picture of their visit and expressed her delight, stating, «My visit this time was even more special; with him by my side.

Pincode, a shopping app developed on the government-backed Open Network for Digital Commerce (ONDC), on Tuesday announced that it has gone live in 10 cities across India. The cities include Mumbai, Delhi, Nodia, Gurugram, Chennai, Hyderabad, Ahmedabad, Pune, and Kolkata.

On a recent Sunday evening, fans crowded into line outside a multiplex in India’s capital city of New Delhi. After the lights dimmed inside, they erupted in cheers, with some whistling and dancing in the aisle when their favorite character appeared on screen. India is the most movie-crazy country on the planet, and led the world in the number of tickets sold in 2022, according to Statista.

Deven Choksey, MD, KRChoksey Holdings Pvt. Ltd, says “Suzlon will be systematically moving in a direction of higher growth.

US-based semiconductor company Microchip Technology has announced a $300 million investment plan to expand its operations in India, just days after similar moves from industry players Micron, Applied Materials, and Lam Research. To strengthen its presence in India, the company has inaugurated a new research and development (R&D) facility at One Golden Mile Office Tower in Hyderabad.

Also read: ‘Your career is over…’, When Shoaib Akhtar picked up Sachin Tendulkar and promptly fell to the ground   Hailing from Rawalpindi city in Pakistan's Punjab province, Shoaib Akhtar gained widespread recognition as the 'Rawalpindi Express,' a title bestowed upon him by cricket enthusiasts and fans due to his exceptional speed and bowling skills. Throughout his career, he astonished the cricket world with his achievements, including holding the world record for bowling the fastest delivery in an international cricket match.

Emiliano Martinez, the acclaimed goalkeeper who played a crucial role in Argentina's World Cup triumph in Qatar, arrived at Kolkata's Netaji Subhas Chandra Bose International Airport to an exuberant reception from passionate supporters. The atmosphere was electric as fans enthusiastically cheered for the football star.  During his stay from July 3 to July 6, Martinez is scheduled to participate in various engagements. These include meet-and-greets, engaging in discussions with schoolchildren at Santosh Mitra Square, and unveiling the names of Pele, Diego Maradona, and Garfield Sobers at the gates of the esteemed Mohun Bagan Club.  "I am really excited, feeling great.

Singapore'sOversea-Chinese Banking Corporation has set its sights on «longer term opportunities» in Greater China and Southeast Asia and expects the strategy to bring an additional revenue of $2.2 billion by 2025, CEO Helen Wong told CNBC on Monday.

Brazilian football star Neymar has been fined 16 million reais, or $3.3 million, for breaking environmental regulations while building his coastal mansion on the outskirts of Rio de Janeiro. Brazilian authorities accused Neymar of violating the use and movement of fresh water sources, rock and sand during the construction of the luxury property. The Paris Saint-Germain star has 20 days to appeal against the fine imposed by the Brazilian authorities.

Reliance Industries: Reliance Jio will begin selling Jio Bharat V2 4G phone which will be internet-enabled, at ₹999, from 7 July targeting India’s 250 million feature phone users that use data-devoid 2G devices. The carrier said Monday that the phone will be available across all offline channels including Jio and Reliance Retail stores. The device will allow phone users to access JioCinema, JioSaavn, and FM Radio, and make UPI payments through JioPay, at plans starting ₹123 a month.

In one of the biggest operations in 20 years, the Israeli army killed roughly nine Palestinians in the occupied West Bank with drone strikes on Monday night. The impromptu attack that targeted the northern city of Jenin was launched under Prime Minister Benjamin Netanyahu's hard-right government and was labelled as an "extensive counterterrorism effort. News agency AFP reported that around 3,000 had left their homes in the Jenin refugee camp since the start of the operation yesterday.

SGX Nifty) moved to the Gujarat International Finance Tec-City (GIFT) International Financial Services Centres (IFSC) in its new avatar — GIFT Nifty. Under this arrangement, trades will be routed to NSE International Exchange (NSE IX) GIFT City from the SGX for trading and execution.

Declaration of Independence on July 4, 1776, a document announcing the colonies' separation from Great Britain. One year later, according to the Library of Congress, a spontaneous celebration in Philadelphia marked the anniversary of American independence.

Sushil Saluja is the former executive director for technology at the Bank of England, head of financial services for Europe at Accenture and founding board member of TheCityUK

Dubrovnik in Croatia from November onwards. Known for its natural beauty, architecture and famed stone-paved and cobbled streets, visitors who choose to carry their bags will have to pay a hefty fine of $288 (Rs 23630). The residents of Dubrovnik have complained about noise pollution when tourists drag their suitcases around the city's, claiming that the act keeps them up at night. It was because of this that the Mayor Mato Frankovic has introduced new rules that will ban tourists from dragging wheeled suitcases around the winding roads in Dubrovnik's Old Town. This action is a part of the Dubrovnik Tourist Office's «Respect the City» initiative. According to The Dubrovnik Times, Dubrovnik has continued to be a very popular tourist destination, with 289,000 visitors and 763,500 overnight stays since the year's commencement. In addition to having streets made of stone, the city's Old Town is renowned for its old walls that surround it, its sunny climate, and for being the location of King's Landing in the hit television series Game of Thrones. The city of Dubrovnik draws hundreds of thousands of visitors annually, making Croatia one of the most gorgeous countries in all of Europe.

Washington D.C. is all set to turn the city into a celebration spot with eye-catching views, utmost celebrations and festivities.

The crypto exchange OKX has signed a sponsorship deal with the English football club Manchester City to become its “official sleeve partner.”