Citi Financial News

Axis Bank on Wednesday said the asset book of its IFSC Banking Unit (IBU) at Gujarat International Finance Tec-City (GIFT City) in Gandhinagar has doubled to USD 4 billion from USD 2 billion in 2019. The bank unveiled a spacious IBU office at GIFT City here that spans nearly 8,000 square feet and is nearly three times bigger than the previous facility located here. «In terms of size, today our asset book here is a little over USD 4 billion, which is among the largest in GIFT City. Similarly, on the liability side, we have a USD 1 billion deposit, which once again makes us among the highest in terms of deposits as well...from USD 2 billion in 2019, we have doubled our asset book,» its Deputy Managing Director Rajiv Anand told mediapersons. «The office is an expression of our ambition aligned with the ambition for GIFT City to serve our customers. We continue to show very solid growth on multiple fronts,» said Axis Bank's President and Head of Wholesale Banking Products Vivek Gupta.

Subscribe to enjoy similar stories. One of the most striking images in Rohit Chawla’s new series,Havana, is of an old bespectacled lady, sporting an array of vibrant blooms in her hair, beaming with smile. Photographed against a Spartan beige wall, her entire being radiates cheer and positivity.

Combining profitability and scalability, Meghna Agarwal challenges traditional norms, steering IndiQube towards innovative solutions in workspace design, technology, and employee-centric services.

Get all the Cyclone Fengal LIVE Updates here on LiveMint!Rains lashed several parts of Tamil Nadu on Tuesday, and the India Meteorological Department said the depression over Bay of Bengal has formed into a deep depression and it is likely to intensify into a cyclonic storm on November 27. Seven teams from the 4th Battalion of the NDRF, including two canine units (30 rescuers per team), have been mobilised in anticipation of heavy to very heavy rainfall predicted by the Regional Meteorological Centre (RMC) in parts of Tamil Nadu and Puducherry from 26 to 28 November.According to the NDRF, the teams will be deployed in Karaikal, Thanjavur, Tiruvarur, Cuddalore, Nagapattinam, and Mayiladuthurai districts.The Regional Meteorological Centre (RMC), Chennai, on Tuesday said that the depression over the southwest Bay of Bengal has now intensified into a deep depression and that it is likely to intensify further into a cyclonic storm on Wednesday.Chennai city and suburbs have been experiencing widespread rains since Tuesday morning.

CBRE. Currently, Chennai accounts for 11% of India's GCC workforce and benefits from supportive initiatives such as the Tamil Nadu Startup and Innovation Policy 2023 and the R&D Policy 2022. Some of the large GCCs who started operation in Chennai this year includes AstraZeneca, Addidas and Caterpillar. “As the world embraces digital transformation, Global Capability Centers (GCCs) have emerged as strategic drivers of India's exponential growth. Initially attracted by cost advantages, GCCs in India now leverage the country's deep pool of skilled talent and vibrant startup ecosystem.Tamil Nadu presents a compelling proposition for businesses seeking to establish or expand their global operations. The state, with its attractive policy incentives, strong talent pool, robust corporate ecosystem, and abundant quality office space, has solidified its position as a preferred destination for these GCCs.,” said Anshuman Magazine, Chairman & CEO — India, South-East Asia, Middle East & Africa, CBRE.

SBI Funds Management has announced the appointment of Nand Kishore as Managing Director and Chief Executive Officer. Nand Kishore, Deputy Managing Director of State Bank of India, takes over as the Managing Director and Chief Executive Officer of SBI Funds Management from Shamsher Singh. Prior to his current deputation at SBIFM, Kishore served as Deputy Managing Director (Global Markets) at SBI’s Corporate Centre in Mumbai, where he oversaw the bank’s treasury operations.

Federal investigators in New York have requested records from the manufacturer of an AI-powered weapons scanner that was briefly deployed in New York City’s subway system

Mexican President Claudia Sheinbaum has suggested Mexico could retaliate with tariffs of its own, after U.S. President-elect Donald Trump threatened to impose 25% tariffs on Mexican goods if the country doesn’t stop the flow of drugs and migrants acros...

Atlantic City is finally getting a beach replenishment project that casinos say is essential for visitors who have had precious little space to spread their towels for two sand-starved summers

Law enforcement officials say they have broken up a shoplifting ring that stole nearly $2 million in merchandise from well-known stores and resold the items in New York City as well as in the Dominican Republic

The Corcoran Group founder Barbara Corcoran argues that a massive mortgage rate drop would be ‘tremendous’ for the markets during an appearance on ‘Cavuto: Coast to Coast.’

Bengaluru this year with chilly breeze sweeping across the city. Parts of the silicon valley are also witnessing slight drizzle, adding to the cold. The city is set to experience more rain on Wednesday and the coming days as deep depression over the southwest Bay of Bengal is likely to intensify into a cyclone and move towards Tamil Nadu, skirting the Sri Lankan coast, over the subsequent two days, the India Meteorological Department has said.

Subscribe to enjoy similar stories. Officials of Life Insurance Corp. of India (LIC) informed executives of Zee Entertainment Enterprises Ltd at a shareholder outreach programme that they would not back another five-year term for Punit Goenka as managing director, three people aware of the matter said.

Subscribe to enjoy similar stories. Between 2016 and 2020, there was no rise in home prices due to the slowdown. It was only after the pandemic that sales picked up, as did prices.

Nithin Kamath has proposed a novel idea: linking air and water quality to property rates. Such a correlation-and how this approach could extend the sense of ownership beyond individual properties to neighbourhoods-would actually nudge homeowners and communities to prioritise clean air policies and act against pollution. The Zerodha CEO shared data highlighting the impact of air pollution on public health, also pointing out that while Delhi garners most attention, poor air quality plagues many cities. Kamath's proposal draws inspiration from a long-standing argument made by many economists and environmentalists: to make people value nature and protect it, they must pay for the services it provides, and a nation's progress must account for its natural capital base.

Berlin's more than 100 Christmas markets are opening across the city this week, and organizers are taking an increasingly diverse approach

A clash broke out on Monday night between two factions of the royal family of Udaipur, leading to stone pelting outside the City Palace. BJP MLA from Rajsamand and newly crowned Maharana of Mewar, Vishvaraj Singh Mewar, and his supporters camped outside the City Palace after they were stopped from entering the palace.

Two towers at Detroit’s iconic Renaissance Center would be razed and the complex converted to a mix of housing and offices under an ambitious $1.6 billion plan announced on Monday

BJP MLA from Rajsamand and newly crowned Maharana of Mewar, Vishvaraj Singh Mewar, and his supporters camped outside the City Palace after they were stopped from entering the palace. The situation escalated into a standoff between Vishvaraj Singh Mewar and his cousin Dr Lakshay Raj Singh Mewar, along with their uncle Arvind Singh Mewar, at the gates of the City Palace. Vishvaraj Singh, who is the 77th Maharana of Mewar, was reportedly refused entry into the palace.

Subscribe to enjoy similar stories. New Delhi: NBCC India Ltd. has set its sights on acquiring defunct public sector undertakings (PSUs) to redevelop and monetize their land, according to two people with direct knowledge of the matter, as the state-run construction company seeks to leverage success in developing land for some government-owned companies.

NTPC's green hydrogen hub in Vizag, one of the country's largest, on November 29 has been pushed back. Andhra Pradesh Chief Minister N Chandrababu Naidu had invited the Prime Minister for opening, and several large investments were expected to be announced from Vizag.