Citi Financial News

21.11 / 14:21

Citi Nov Experts country information reports Investigations Why people are protesting over a deadly roof collapse in Serbia

The deadly collapse of a concrete roof at a rail station in Serbia has raised tensions across the Balkan county

21.11 / 12:01

markets Citi Provident FIVE Diversity International Destinations Tax breaks, reforms, and returns: Why NRIs are banking big on India

Subscribe to enjoy similar stories. India is cementing its reputation as a prime destination for global investors, with inflows into NRI deposit schemes surging to $7.8 billion between April and August this year—more than double the figure from the same period last year. Non-resident Indians (NRIs) are increasingly drawn to opportunities ranging from equities and mutual funds to real estate and GIFT City’s tax-efficient investment avenues.

21.11 / 06:25

Citi Waves Art country 2020 International Profiles Prabhavathi Meppayil: An artistic practice that defies genres

Subscribe to enjoy similar stories. Coinciding with the recently held Art Mumbai, Jhaveri Contemporary opened Prabhavathi Meppayil’s eponymous first solo exhibition in Mumbai after 17 years. While Bengaluru-based Meppayil has kept a relatively low profile in her own country, she has been making waves internationally over the years.

21.11 / 06:25

COST UPS Citi economy track country travelers China is building 30,000 miles of high-speed rail—that it might not need

Subscribe to enjoy similar stories. On his first day in office, leader Xi Jinping inherited an ambitious road map to build 10,000 miles of high-speed rail to link China’s biggest cities. He took those plans and supersized them.

21.11 / 06:25

Citi Provident Experts inclusion information Updates Govt may include e-commerce data, expand coverage to improve calculation of retail inflation

Subscribe to enjoy similar stories. New Delhi: The government has proposed changes such as the inclusion of e-commerce data to prepare a new base year for the Consumer Price Index (CPI) as part of a broader initiative to better reflect contemporary consumer spending patterns. The planned changes include leveraging modern data collection techniques such as sourcing price information from e-commerce platforms, expanding coverage beyond the major cities and relying on privately rented dwellings to calculate housing rents, according to a presentation by the ministry of statistics and programme implementation on Wednesday.

21.11 / 04:23

Citi Provident Analysis awards Trade Experts cover Bharti Airtel shares in focus as co awards multi-billion extension deal to Nokia

Shares of Bharti Airtel are likely to remain in focus today as the company has awarded a multi-year, multi-billion deal to the Finnish telecom gear supplier Nokia to deploy 4G and 5G equipment across key Indian cities and states. “Nokia has been awarded a multi-year, multi-billion extension deal by Bharti Airtel (‘Airtel’) to deploy 4G and 5G equipment across key Indian cities and states,” said the company filing to the exchanges.

21.11 / 03:37

UPS Citi Provident Waters Sustainability recommendations rights Feds outline 'necessary steps' for Colorado River agreement by 2026 but no recommendation yet

Federal water officials have made public what they call “necessary steps” for the seven states and multiple tribes that rely on the Colorado River to meet an August 2026 deadline for deciding how to manage the waterway in the future

21.11 / 01:59

UPS Citi Enterprise PwC Celebrity reports Citi's apparent demotion of Anand Selvakesari is not what it seems. It's complicated

Anand Selvakesari (Selva) has been the chief operating officer of Citi since March 2023. He isn't popular with all his colleagues, but anyone celebrating his downfall might want to put the party hats away.

21.11 / 01:59

markets UPS Citi Booking wellness Trade Beloved Credit Suisse MD finally leaves UBS in Singapore with his job done

There are few industries that reward a job well done with a big pay package and termination. Banking is one of them.

21.11 / 00:35

markets Citi Strategy information reports Department German cache lands on I-T browser; data on over 1,000 Indians with Gulf homes sent

It is not immediately clear how a mountain of sensitive data, pertaining to resident Indians' undisclosed properties in Dubai and other cities in the UAE, landed in the hands of German authorities. Nonetheless, the ownership details of over 1,000 Indians have reached the income tax (I-T) department as per the 'spontaneous exchange of information' mechanism under the Double Taxation Avoidance Agreement (DTAA) between India and Germany, sources told ET.

20.11 / 23:33

markets UPS Citi Parke innovations Department Mint Primer: Why Karnataka is placing its bets on a GCC gold rush

Subscribe to enjoy similar stories. GCCs are offshore units set up by multinational companies to take on key technology-driven tasks. GCCs include tech operation centres run by companies headquartered abroad, driven by India’s tech talent and cheap real estate.

20.11 / 22:05

Citi FIVE Fighting show Courts International Court says it's ending dispute over control of airport in Mississippi's capital city

A federal appeals court says it is ending a dispute over whether the state or the city will control the airport board in Mississippi’s capital of Jackson

20.11 / 19:21

markets UPS Citi Avid Southern Eagle information Rare coin issued after the California Gold Rush sold at auction for $1.4 million

Avid coin collectors jumped at the chance to get their hands on a rare “double eagle” gold coin at a Southern California auction house

20.11 / 19:21

Citi Research President Experts country testing gatherings US gathers allies to talk AI safety, Trump's vow to undo Biden's AI policy overshadows their work

President-elect Donald Trump has vowed to repeal President Joe Biden’s signature artificial intelligence policy when he returns to the White House for a second term

20.11 / 18:35

markets UPS Citi Manufacturing Experts electronic LG Electronics, vendors ready Rs 7k-cr India infusion

LG Electronics and its parts suppliers plan to invest a total of Rs 7,000 crore to build the company's third factory and create a vendor base in Sri City, Andhra Pradesh, said two industry executives aware of the development. LG Electronics will invest Rs 5,000 crore, and its Korean and Chinese parts suppliers the remainder, the executives said. LG, India's largest home appliances maker by sales, has sought 300 acres from the Andhra Pradesh government for the project which will generate over 1,500 direct jobs, the executives said asking not to be named. LG plans to produce air-conditioners, refrigerators, washing machines and televisions in the new facility for the Indian market and exports, the executives said.

20.11 / 16:59

Citi Booking Platform Mobile track travelers Features Karnataka Minister Priyank Kharge gives demo of Uber Shuttle

Priyank Kharge visited the Uber display at the Bengaluru Tech Summit on Wednesday to check out Uber Shuttle, the newest offering in India from the ride-hailing app. The mobility platform executives gave a demo of how the app works and explained about how Uber Shuttle would help more people book their travel in larger vehicles like Shuttles and take their own private vehicles off roads. The mass-transit mobility solution is designed for urban commuters, featuring real-time tracking, digital payments, pre-booked seats, and air-conditioned pocket-friendly rides, running on fixed routes, Uber said in a statement. Uber India president Prabhjeet Singh was present during the demonstration.

20.11 / 16:27

markets COST Citi Sustainability Experts country guidelines DPIIT finalises model city logistics plans for Delhi, Bengaluru to enhance urban freight efficiency

urban freight efficiency and cut logistics costs, an official said on Wednesday. Under the Indo-German technical cooperation, Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ's) Green Freight Project supported the relevant state authorities in the preparation of the model CLPs and adopting international best practices. This is crucial for reducing congestion, pollution and logistics costs while improving the overall quality of life in cities. Additional Secretary in the DPIIT Rajeev Singh Thakur said that both Delhi and Karnataka governments have provided support for developing these plans.

20.11 / 15:29

UPS Citi Aware Enterprise Metro band show Adani mulls surrender of 5G spectrum after more than 2 years of purchase

Subscribe to enjoy similar stories. Adani Data Networks, a subsidiary of Adani Enterprises, which bought 5G spectrum in the 26 GHz band in the 2022 auctions, is mulling surrendering the airwaves after more than two years of not putting them to use, said four people aware of the development. The company has not formally communicated its intent to surrender the airwaves but neither has it shared details of whether or how it intends to use the airwaves, according to two senior government officials.

20.11 / 14:57

markets UPS Citi IPO wellness country International After lip-smacking Swiggy IPO, Prosus prepares for its next hit

Subscribe to enjoy similar stories. A few months back, Prosus, one of the world’s largest technology investors, faced a debilitating condition in India. It wrote off its entire $500 million investment in Byju’s, six years after it first backed the edtech company once valued at $22 billion.

20.11 / 14:53

Citi Waters economy students country reports Schools Matthew Lau: Schools should stop teaching lies about capitalism

“Our capitalist system,” I have just learned, “is one of the main reasons our planet is getting stripped away and destroyed.” That is according to the Toronto District School Board, which made the claim in the November edition of its EcoSchools newsletter to promote something called “Buy Nothing Day” on November 29. The TDSB says that by buying nothing for a day people can protest consumerism and help the environment. The reality, of course, is just the opposite: capitalism and buying things are nothing to protest. Nor are they responsible for “our planet getting stripped away and destroyed.”

20.11 / 13:27

COST UPS Citi Action Trade International Greece hit by general strike as thousands of workers protest over the high cost of living

Large protests have been held in Greece as part of a 24-hour nationwide general strike called by labor unions timed to coincide with the government submitting its 2025 budget to Parliament

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