Citi Financial News
19.11 / 10:07
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Sustainability
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How subsidies will make EVs more accessible, contributing to a broader shift toward green transportation
electric two-wheelers are becoming a common sight. Once seen as a luxury for a few, electric two-wheelers are now accessible to everyday commuters and gig economy workers alike, thanks to government subsidies that are transforming EVs into a viable option for all. The PM E-Drive scheme is at the forefront of this movement, providing essential support that makes two-wheeler EVs more affordable for gig workers, delivery fleets, and individuals.
19.11 / 09:05
Citi
Citizens
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RAI
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Delhi pollution: Call on work-from-home, odd-even measures to be taken soon, says Gopal Rai
work-from-home measures and the odd-even scheme will be taken soon to tackle the city's worsening air quality, Delhi Environment Minister Gopal Rai said on Tuesday. Speaking to PTI, Delhi Environment Minister Gopal Rai said, «People, including children and senior citizens, are struggling to breathe and we deeply regret this situation.» The air quality in the national capital has remained in the «severe plus» category since Sunday, with AQI readings consistently above 450. On the possibility of implementing work-from-home measures, Rai stated, «We will take a decision on this soon.»
19.11 / 08:17
Citi
Provident
BLOCK
Sustainability
Trade
consequences
Indraprastha Gas and Mahanagar Gas face perils of policy controls
Subscribe to enjoy similar stories. City gas distributors Indraprastha Gas Ltd (IGL) and Mahanagar Gas Ltd (MGL) have suffered two consecutive blows in a month. The government has reduced the supply of cheaper natural gas by 20% for IGL and 18% for MGL, effective 16 November.
19.11 / 07:37
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Food
Malls, restaurants worried over dip in footfall due to pollution
Delhi, Noida, Gurgaon and other tier 2 cities in North India such as Lucknow, Jaipur and Chandigarh are reaching out to consumers with details of what they are doing to keep the AQI at the safe level. Operators said that though there is a dip in footfall, shoppers are still preferring mall over high streets in these cities. “There is a dip in footfall as people are preferring to stay indoor in deteriorating air quality. However, serious shopper, have move to mall from high-street as they know mall maintain a certain level of air quality and it’s safer indoor than outdoor,” said HarshVardhan Bansal, cofounder of Unity Group, which operates half a dozen malls in Delhi and Punjab.
19.11 / 01:29
markets
Citi
security
Analysis
Trade
Experts
2020
City gas cos' stocks in the red as govt cuts APM quotas
city gas distributors Indraprastha Gas (IGL) and Mahanagar Gas (MGL) were among the top losers in Monday's trading after the government cut their gas allocations under the cheaper APM (administered price mechanism) over the weekend. The move triggered a spate of rating downgrades by analysts, who are mostly advising investors to sell the stocks for now. IGL plunged 19.8% to ₹325, its lowest closing since March 2020. MGL tumbled 13.8% to ₹1,130.55, the lowest closing since June 2023. Gujarat Gas, which already derives most of its supplies at market rate, fell 6.8% to ₹452.5 on Monday.
19.11 / 00:47
COST
Citi
CEO
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Metro
Diversity
It takes a village to raise an AI world
AI-powered startups are emerging across the Indian heartland in places ranging from Shillong in the NorthEast to Raipur in central India and across Coimbatore and Kochi in the south. These ventures are riding on local talent, cost efficiency and the need for diverse inputs to build the curated, Indic language technology models and services that the AI revolution is seeding. With access to cheaper talent, lower rentals and operational expenses, better quality of life than the metros and remote working arrangements, these companies do not feel the need to migrate to the metros as yet. Tech knows no bounds
19.11 / 00:31
markets
UPS
Citi
pandemic
rock
Sporting
New Jersey internet gambling sets another revenue record at $213 million
New Jersey’s internet gambling market set another record in October, the latest proof that people are betting more of their money online rather than coming to Atlantic City to gamble it in person
18.11 / 19:53
Citi
Provident
security
War
country
Investigations
International
Germany and Finland investigate a severed data cable through the Baltic Sea
German and Finland have expressed deep concern over the discovery of a severed undersea cable between the countries through the Baltic Sea
18.11 / 18:31
markets
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Citi
Strategy
PAM
hospital
patient
Amid air pollution crisis, hospitals see rise in respiratory cases
RML started a pollution clinic last year. However, this year the number of patients is already up, highlighting the severity of air pollution across North India, especially the capital city, New Delhi. «We are seeing patients with breathlessness, blocked nose, itching in eyes and sore throat post Diwali,» said Dr Amit Jindal, consultant in respiratory medicine, RML hospital. «In the last few weeks, we are seeing a significant increase in respiratory complaints like asthma, chronic obstructive pulmonary disease (COPD), and bronchitis. „The number of patients are going up, already its more than last year,“ added Dr Ajay Shukla, Medical Superintendent, RML hospital.
18.11 / 18:01
markets
Citi
Digital
President
War
country
Kremlin says Biden 'fuelling' war as Russian strikes rock Ukraine
The comments came as Moscow unleashed a second missile attack in as many days on the UNESCO-protected Ukrainian city of Odesa on the Black Sea that left 10 dead and more than 40 wounded. Kyiv has long sought authorisation from Washington to use the powerful Army Tactical Missile System, or ATACMS, to hit military installations inside Russia as its troops come under growing pressure.
18.11 / 15:35
markets
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Citi
MicroStrategy
Bitcoin
show
reports
Posthaste: These two cities are at risk of sharp rise in mortgage arrears
Canadians have shown “remarkable housing resilience” during the rapid rise in interest rates, but significant risks lie ahead, warns the nation’s housing agency.
18.11 / 14:29
18.11 / 13:27
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Citi
Target
Strategy
Universities
reports
Traffic
AQI blues: What India can learn from China to curb air pollution
On Monday morning, AQI levels in the city remained dangerously high. Notable readings included 919 in Mundka, 762 in ITI Jahangirpuri, and 624 in Anand Vihar, placing these areas in the 'severe-plus' category. In Beijing, the capital of China, pollution is nearly 10 times less than in Delhi. More than a decade ago, Beijing was known as the smog capital of the world where air pollution caused thousands of deaths every year. In a decade, starting in 2013, Beijing was able to bring down its air pollution drastically with a host of measures. Can Delhi learn anything from Beijing's war on air pollution?
18.11 / 11:21
markets
Citi
Digital
Sustainability
PAM
Destinations
From skywalk to New Shillong township: CM Sangma’s economic ambitions unfold at the Cherry Blossom Festival 2024
Besides, a push for sustainable tourism and protection of natural resources, and the CM Elevate programme—a state-funded initiative to promote entrepreneurship and create jobs for the youth—which has already supported 20,000 entrepreneurs, including a “Ride the Cloud” initiative offering 50% subsidies for tourist taxis, is also on Sangma’s agenda. “For tourism to grow as a whole, and in terms of the entire ecosystem, multiple factors need to be addressed,” Sangma said. The annual Cherry Blossom Festival in the ‘Scotland of the East’ has attracted a record-breaking 50,000 plus tourists, almost double the number received last year. To continue with the momentum at the music festival, take the “music and tourism economy” growth story forward, and build the overall ecosystem on a larger scale, Sangma announced several ambitious projects during the festival. The skywalk and New Shillong township Mawkdok in the East Khasi Hills in Shillong is a must-stop tourist destination. Tourists, almost certainly, make a stop at Mawkdok during their visit to the Sohra (Cherrapunji) tourism circuit, making it a strategic location for a project as ambitious and futuristic as the skywalk.
18.11 / 09:13
markets
Citi
security
Analysis
wellness
Trade
rights
Gujarat Gas, MGL best positioned amid city gas sector's uncertainty: Probal Sen
«So, pretty steep price hike that is required to sort of restore the margins to what they were, let us say, from an FY24 benchmark perspective,» says Probal Sen, ICICI Securities. Firstly, this is the second cut that we have seen when it comes to the APM gas allocation. So, cumulatively, how much has been the APM gas allocation reduced for the city gas distribution companies? And to mitigate this impact, what is the kind of price hike that they need to take now? Probal Sen: So, a couple of quarters ago, the blended allocation, as you would know the cut has primarily come in the CNG segment, so the domestic PNG segment still continues to get close to what is required to supply from what our understanding is.
18.11 / 08:29
18.11 / 07:45
markets
Citi
Provident
security
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Sustainability
innovations
LTTS wins project to build US state Colorado’s smart cities
LTTS) on Monday announced a strategic partnership with the Colorado Smart Cities Alliance (CSCA) to build smart city development projects across the state of Colorado integrating innovation and technology. The financial details of the deal was not disclosed. “The collaboration will leverage LTTS' cutting-edge engineering expertise to advance CSCA's mission of fostering smart city solutions that improve urban living and create sustainable ecosystems. Through the collaboration of resources and expertise, both organisations aim to foster sustainable, efficient, and technologically advanced communities,” LTTS said in a regulatory filing.
18.11 / 07:45
markets
Citi
Digital
Strategy
Experts
RAI
Ex-Cong MLA Sumesh Shokeen joins AAP
Sumesh Shokeen joined the AAP in the presence of party national convener Arvind Kejriwal here on Monday. Shokeen is a former MLA from Matiala, considered part of the Delhi-Dehat area. His joining comes a day after the AAP suffered a blow with its Jat leader Kailash Gahlot resigning from the party. Welcoming Shokeen to the AAP fold, Kejriwal said his joining will not only give a boost to the party in rural Delhi but also in other parts of the national capital.
18.11 / 06:11
markets
UPS
Citi
Action
PAM
stage
Delhi pollution: Cannot go below GRAP-III without our permission, SC grills Delhi govt over delay
«We want to know what action government has taken. You will not go below stage 3 without our permission now even if it even if AQI goes below 450 stage four will continue, that's the order we propose to pass. We will hear at the end of the board,» reported Livelaw quoting J Oka to Delhi Counsel. Authorities in India’s capital shut schools, halted construction and banned non-essential trucks from entering the city on Monday after air pollution shot up to its worst level this season.
18.11 / 05:17
Citi
Provident
Strategy
Diversity
performer
inclusion
Equality
Businesses must deal squarely with the harsh realities of mental health at the workplace
Subscribe to enjoy similar stories. Companies are responsible for creating a work environment conducive to mental health and well-being, for which, we need long-term strategies that integrate mental health into the organizational fabric. Evolve from a reactive structure to a proactive culture: Policy and culture differ.
18.11 / 03:17
markets
Citi
Career
Platform
Fighting
track
information
Plan to make a big career move? Think small
Subscribe to enjoy similar stories. Sapna Prasad is in a dilemma. The 38-year-old wants to take a sabbatical for a year to take care of her ailing mother but believes it might affect her future job prospects.
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