Citi Financial News

18.11 / 00:27
Citi Extreme track cover Department Courts A worrying shift from existence in tune with nature
Subscribe to enjoy similar stories. November is halfway through, and you, just like me, might also be wondering: When will winter start in Delhi? The national capital is already grappling with severe fog. Its air quality is regularly dipping to dangerous levels; the city was declared the most polluted capital city in the world on Wednesday.
17.11 / 20:15
markets UPS Citi wellness trends Rolex country Following a sluggish summer shopping period, luxury companies pin their hopes on winter and wedding shopping
Subscribe to enjoy similar stories. At luxury hotspots across the country, early trends point to a revival of sales momentum in the second half of the fiscal year after a lukewarm first half. There is optimism that the ongoing festive season, including weddings, will make up for lost business after luxury sales slowed early this year compared to both 2022 and 2023, according to industry experts.
17.11 / 14:11
COST UPS Citi community Trade Schools Amazon India moving headquarters in Bengaluru to save costs
Subscribe to enjoy similar stories. Bengaluru: Amazon India is moving its corporate headquarters from its longtime base in the northwest part of the city to close to the city's airport as part of the e-commerce and cloud computing giant's cost-cutting exercise, a development that has disturbed the idyllic setting of the bohemian residential community. Significantly, Amazon India's plan to move out of the World Trade Centre, where it occupies nearly half a million square feet of office space across eighteen of the thirty-floor building owned by Brigade Enterprises Ltd, raises questions about how the publicly-traded real estate developer would find a new tenant and on the rental income of adjoining flats.
17.11 / 14:11
Citi Target Digital Platform Parke wellness stage Macrotech to scale digital infrastructure biz on its own, gives investors exit
Subscribe to enjoy similar stories. Macrotech Developers Ltd, which operates under the Lodha brand name, plans to build and scale its digital infrastructure business on its own, after recently buying out existing investors' stakes, said a top company executive. In the last two months, the Mumbai-based developer purchased the entire stake held by private equity firm Bain Capital in three of the company's digital infrastructure subsidiaries -- Bellissimo Digital Infrastructure Development Management Pvt.
17.11 / 12:47
markets Citi Provident Fighting President Experts PAM US says its climate financing reached $11 bn this year
«The fight against climate change has been a defining cause of President Biden's leadership and presidency,» the White House said in a statement ahead of Biden touching down in the Brazilian city of Manaus, in the Amazon. Biden is making his last swing through South America before handing over the presidency to Donald Trump — a climate-change skeptic.
17.11 / 11:13
Citi Man Southern students country social Colleges Eight killed in knife attack at Chinese college
Subscribe to enjoy similar stories. Eight people were killed and 17 wounded in a knife attack Saturday at a college in eastern China, the latest in a string of grisly crimes to unsettle the country. Police in the city of Yixing said the attack at the Wuxi Vocational Institute of Arts and Technology was carried out by a student who hadn’t graduated after failing an exam.
17.11 / 09:37
Citi Platform country Features rights International Avoid common mistakes that people make with NRI transactions
Subscribe to enjoy similar stories. Non-resident Indians (NRIs) receive or send money to India quite often, and usually open a non-resident ordinary (NRO) or non-resident external (NRE) bank account, or both. But a lack of understanding of their correct use may spell trouble.
17.11 / 09:37
Citi Football wellness 2020 Sporting rowing Football’s “sleeping giants” should be cherished
Subscribe to enjoy similar stories. Football fans outside Germany may not pay much attention to the country’s second division. After all, Europe boasts a plethora of high-quality leagues and there are only so many hours in the day.
17.11 / 09:27
Citi Waters band performer concert rock International Why Coldplay did not have a concert in Bengaluru?
Coldplay fans may just have some cold water thrown on their dreams to see the rock band perform live… due to a crisis of venues. A senior government official revealed that British rock band Coldplay initially chose Bengaluru as their preferred venue but shifted to Mumbai and Ahmedabad due to the city's lack of open arenas. «Major acts typically perform in large stadiums,» the official explained, highlighting how this limitation has also impacted other artists, such as A.R. Rahman, who canceled two Bengaluru shows for similar reasons. The official attributed the issue to the «short-sightedness of certain authorities, » to the Deccan Herald.
17.11 / 06:55
markets UPS Citi FIVE reports recommendations IBA suggests enforcement of odd-even rule in Delhi amid pollution problems
Indian Biogas Association (IBA) has called for the implementation of the odd-even vehicle rule in Delhi NCR to address air pollution and promote a shift toward electric and compressed biogas (CBG) or natural gas vehicles. This suggestion aligns with GRAP 4 measures, which enforce the rule when the air quality index (AQI) exceeds 450. Currently, GRAP 3 measures are in place as the AQI remains in the «severe» range, according to the Commission for Air Quality Management (CAQM). IBA Chairman Gaurav Kedia, in an interaction with PTI, emphasized the potential benefits of the odd-even rule. «We recommend implementing the Odd-Even Rule for Petrol and Diesel Vehicles in the coming months so that a good impact can be seen for the air pollution levels in Delhi, and subsidy on EVs and CNG/CBG vehicles, as this will compel the citizens to shift to greener fuel alternatives,» he stated. Delhi's air pollution intensifies during winter, with AQI levels often surpassing 300. This persistent issue has placed Delhi among the most polluted cities globally. While crop residue burning from neighboring states contributes to the problem, it is only part of a broader set of pollution sources.
17.11 / 06:55
markets COST UPS Citi Provident wellness CNG retailers want price hike, govt wants to see cost
City gas companies like Indraprastha Gas Ltd and Adani Total Gas Ltd are mulling an increase in CNG prices after supplies of cheaper input gas was cut for the second time in a month, but the government officials say the retailers must give a cost breakup to justify the hike. The government, with effect from November 16, cut supplies of low-priced natural gas coming from old fields to city gas retailers by up to 20 per cent. This reduction came on the back of a 21 per cent reduction on October 16. City gas retailers IGL, which retails CNG in national capital and adjoining cities, Mahanagar Gas Ltd that does the same in Mumbai, and Adani Total Gas Ltd which operates in Gujarat and elsewhere, in regulatory filings flagged profitability concerns due to supply cut and hinted at price hike. Officials in the ministry of petroleum and natural gas however are unimpressed as they feel the retailers operate on «hefty» margins and can easily absorb the additional cost they may have to incur on replacing the lost volumes with slighted higher priced gas from new wells or imported LNG.
17.11 / 06:55
markets Citi Target Analysis Trade Experts track Gold Prices Gold prices continue to drop amid a strong dollar and US inflation concerns; check rates in your city
Gold prices have experienced a significant decline of around 6% since Diwali, driven by a stronger dollar and concerns over US inflation data. The price of 24-carat gold per 10 grams, which was Rs 80,710 on November 1, fell to Rs 74,031 at the last closing. This sharp correction reflects the ongoing global economic pressures impacting commodity markets.
17.11 / 03:27
Citi community President Experts PAM country travelers "Heartwarming": PM Modi on Indian diaspora's grand welcome in Nigeria
Modi greeted the Indian diaspora in Nigeria on Sunday upon his arrival on the first leg of his three-nation visit. In a series of posts on X, PM Modi shared pictures of his welcome by the Indian diaspora in Nigeria and said that it was «heartwarming.» «Heartwarming to see the Indian community in Nigeria extending such a warm and vibrant welcome!» he said.
17.11 / 00:19
UPS Citi FIVE Racing cover hospital Strike by workers at a casino near the Las Vegas Strip enters 2nd day
A walkout by hundreds of hospitality workers at a casino near the Las Vegas Strip entered its second day with union members willing to undergo the financial hardships of being out of work as they wait for a new contract
16.11 / 17:53
markets Citi Digital Strategy Remark shock Features Ben Affleck makes a rare appearance in New York; here's how he surprised his fans
Ben Affleck surprises fans with an act during his infrequent visit to New York. Ben Affleck's overly amiable manner shocked fans during an outing in New York City. In contrast to his usually reticent public appearances, Oscar-winner Ben Affleck was remarkably upbeat when he spoke to fans in Manhattan on Wednesday. Despite his well-known dislike of public attention, the 52-year-old actor, who recently praised JLO and returned to the dating scene, attended a midtown conference and interacted warmly with onlookers, as quoted in a report by Express US.
16.11 / 14:11
markets Citi Action Southern Experts PAM Traffic Traffic police in Delhi slaps fines totalling Rs 1 crore for violations after GRAP-3 invoked
Delhi Traffic Police has issued around 550 challans, imposing a total fine of over Rs one crore, to BS III petrol and BS IV diesel vehicles on Friday on the first day of the ban on these vehicles under the Graded Response Action Plan (GRAP) III in the national capital, officials said. According to police, they have also issued challans to 4,855 vehicles imposing a total of Rs 4.8 crore in fines for not having Pollution Under Control Certificates (PUCC) in the national capital on Friday. A fine of Rs 10,000 is imposed on motorists for not having a valid pollution under control (PUC) certificate. These challans get released from courts. Private BS III petrol and BS IV diesel vehicles were banned from roads with violations inviting a penalty of Rs 20,000. Diesel and petrol inter-state buses from the NCR cities to Delhi are also banned. A senior police officer said that they have issued a total of 293 challans for BS-III and BS-IV vehicles in the eastern, central and northern ranges of the city. A total of 2,404 challans have been issued for not having PUCC certificates.
16.11 / 14:11
markets Citi Digital Strategy Election Experts PAM Maharashtra assembly election: Dry days in Mumbai, other cities on four days
Election Commission of India has prohibited the sale of alcohol across Mumbai and other Maharashtra cities for four days in the election season. The order is to conduct the polls smoothly. Earlier, Mumbai, along with other cities in Maharashtra like Thane and Pune, witnessed a dry day on November 12 due to the occasion of Kartik Ekadashi. Dry days refer to the specific days of the when the sale of alcohol remains completely prohibited in a region. Such decisions are usually taken during several important national, religious or cultural events.
16.11 / 13:07
UPS Citi Reuters community travelers Schools Iraq's missing Yazidis: Inside the long search for Islamic State captives
Iraq's Yazidi religious minority a decade ago. Then last year, the 20-year-old started receiving messages from a Facebook account he didn't recognize, asking about his missing brother, Rojin. «Can you give me a call?» the person asked.
16.11 / 11:57
UPS Citi Netflix love show innovations ‘Arcane’ is now one of the most ambitious animated shows
Subscribe to enjoy similar stories. When Arcane first dropped on Netflix, it didn’t just break the mould for animated television—it shattered it into shiny fragments, each as intricate as the show’s handpainted aesthetic. Based on League of Legends, a game known for its explosive visuals and labyrinthine lore, the series somehow managed to elevate its source material, becoming a story about ambition, love, and betrayal that transcended the boundaries of fandom—take it from me, someone who has never played League of Legends but tripped hard on Arcane.
16.11 / 11:09
markets Citi Digital Experts International cricket Amid uncertainty over schedule, India's participation, ICC announces global Trophy Tour ahead of Champions Trophy 2025
global Trophy Tour ahead of the Men's Champions Trophy 2025, which is set to be hosted by Pakistan. The global Trophy Tour for the ICC Men's Champions Trophy kicks off in Islamabad, Pakistan today. The announcement comes after the ICC cancelled the trophy tour in the Pakistan-occupied Jammu-Kashmir (PoJK). Notably, the BCCI has strongly objected to the Pakistan Cricket Board's (PCB) plan to hold the Champions Trophy tour in disputed areas of Pakistan-Occupied Kashmir (PoK), specifically Skardu, Hunza, and Muzaffarabad.
16.11 / 11:09
markets Citi Strategy reports travelers cricket ICC begins Trophy Tour for Champions Trophy in Pakistan, POK cities dropped
Champions Trophy tour unveiled by the ICC on Saturday as the world body moved in swiftly to have them dropped from the host country's itinerary following India's strong objection. The Trophy Tour will now comprise Karachi, Rawalpindi and Islamabad, apart from Abbottabad in the Khyber Pakhtunwala Region. The Trophy Tour starts in Islamabad, the capital city of Pakistan, and will travel to other cities of the nation — Taxila and Khanpur (November 17), Abbottabad (November 18), Murree (November 19) and Nathia Gali (November 20) before concluding in Karachi (November 22-25). Most of these cities are tourist attractions, Earlier, on November 14, the PCB had announced the Trophy Tour, which included cities like Skardu, Hunza and Muzaffarabad, which fall in the PoK region, a disputed territory between India and Pakistan.

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