Citi Financial News

05.11 / 00:51
markets UPS Citi IPO Analysis Food Trade Swiggy's more a bet on Qcomm's rise than a Zomato 2.0 in the box
While the company does not have any identifiable promoter, several institutional investors such as Accel India, Apoletto Asia, Alpha Wave Ventures, DST Euro Asia and Norwest Venture Partners are partially divesting their stakes through the IPO. Proceeds from the fresh issue will be used to repay debt, add dark stores, invest in technology and cloud infrastructure, brand marketing and fund inorganic growth.
04.11 / 23:51
Citi Progressive Waters Ball Parke reports Updates park A former Six Flags park is finally being demolished after Hurricane Katrina's devastation
New Orleans’ former Six Flags theme park, which shuttered in the wake of Hurricane Katrina, is finally coming down
04.11 / 22:33
markets UPS Citi Provident Trade Sporting BCE shares fall to 11-year low on moves to buy U.S. internet provider, pause dividend hikes
BCE Inc. agreed to buy an internet provider in the Pacific Northwest, making a surprising push into the U.S. market in pursuit of faster growth. The shares tumbled to an 11-year low.
04.11 / 21:15
COST UPS Citi Metro Election Food President Inflation in battleground state Pennsylvania remains higher than national average
Rep. Dan Meuser, R-Pa., discusses whether Kamala Harris is having a problem connecting with Pennsylvania voters on «Varney & Co.»
04.11 / 17:19
markets Citi security Election Boxing Experts social Arson attacks on ballot boxes in US spark election security concerns
In New York, the officials of the Board of Elections say a «stolen election» isn't possible and elaborate measures have been put in place to counter any subversive attempts. «A multi-jurisdictional national, state and city wide security plan is in place for NYC. Some of these you see, some you don't. All the ballots are secured by the NYPD and we work closely with them. A stolen election in NYC is not possible. We are always trying to stay ahead of the bad guys for sure,» says Vincent Ignizio, Deputy Executive Director Board of Elections in New York.
04.11 / 17:19
markets Citi FIVE security Trade Experts Diversity Sebi issues Rs 130 cr demand notices to 5 entities in Reliance Home Finance fund diversion case
Sebi on Monday asked five entities, including Netizen Engineering and Citi Securities and Financial Services, to pay Rs 130 crore for the illegal diversion of funds from Reliance Home Finance Ltd. The regulator has warned these entities to attach assets and bank accounts if they fail to make the payment within 15 days. Those who have sent notices are Netizen Engineering Pvt Ltd, Gamesa Investment Management Pvt Ltd, Vinayak Ventures Pvt Ltd, Deep Industrial Finance Ltd and Citi Securities and Financial Services Pvt Ltd.
04.11 / 17:19
markets Citi Provident Digital Waters Strategy Schools Making arrangements to provide Rs 1,000 to Delhi women soon, says Arvind Kejriwal
Mukhyamantri Mahila Samman Yojana for providing Rs 1,000 per month to all women aged above 18. Kejriwal said, «I am doing that work very soon in which Rs 1,000 will be deposited in your bank accounts.» The former chief minister, who undertook a 'padyatra' in north Delhi's Model Town area, also defended his schemes to provide free electricity and water while accusing the BJP of «stealing» public money.
04.11 / 14:31
COST UPS Citi Healthcare hospital reports patient Why private equity cos are increasingly investing in single-speciality hospitals
Subscribe to enjoy similar stories. Mumbai: Delhi resident Harsha Singh, 31, often visits her family in the city of Mughalsarai, Uttar Pradesh, near Varanasi. That gives her an opportunity to visit Anand Netralaya, a standalone, single-specialty eye hospital.
04.11 / 12:57
markets Citi Strategy awards Experts electronic Headlines Air purifier sales stagnate as marketers fail to capitalise on worsening pollution
Sales of air purifiers are limited to just 3-4 weeks after Diwali, that too mostly in the Delhi-NCR belt, with the market not even growing for some years which forced some top companies such as Samsung, Voltas, Panasonic, Daikin and Haier to either exit the segment or go “very slow”. Industry executives said consumers do not perceive air purifiers as a product which gives tangible value since they can’t see the effect in real time. Sales happen in Delhi-NCR when there is intense smoggy condition and worsening air quality index (AQI) hits the headlines.
04.11 / 07:47
UPS Citi Target Booking Southern hospital Prestige Estates gears up for big launches in H2, but timely approvals are key
Subscribe to enjoy similar stories. Prestige Estates Projects Ltd’s first half of FY25 was nothing to write home about. Pre-sales or bookings plunged 36% year-on-year to ₹7,052 crore as delayed regulatory approvals continued to weigh on new launches.
04.11 / 06:45
Citi Mobile Interface Indus country International Profiles How NRIs can use UPI for instant, no-fee transactions abroad
Non-resident Indians (NRIs) now have a faster, more convenient option than traditional wire transfers to send money to family or make payments in India. The National Payments Corp. of India (NPCI) has extended UPI access to NRIs who hold non-resident external (NRE) or non-resident ordinary (NRO) accounts. This expansion allows NRIs to conduct instant transactions from their smartphones using UPI linked to their international mobile numbers, simplifying financial connections with India.
04.11 / 06:29
Citi Racing Election trends President 2020 Countdown to US election day: Key stakes and trends defining the final stretch
Kamala Harris and Republican Donald Trump in a divided nation. Key battleground states such as Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania, and Wisconsin are expected to decide the outcome. Both campaigns are preparing for possible legal battles which might delay the final results. The timing of knowing the winner is uncertain, as each state has different rules for counting ballots. In the upcoming election, history will be made regardless of the outcome.
03.11 / 20:25
markets Citi Digital Strategy awards wellness PAM Why Chennai’s data centre market is thriving
data centre market. With a colocation capacity of 88 MW, the city is well positioned for the digital economy of the future. Sobia Khan finds out more:
03.11 / 15:25
markets Citi Provident Digital Waters Election Bill Need people's support to defeat BJP, ensure 'good work' continues in Delhi, says Kejriwal
AAP supremo Arvind Kejriwal on Sunday said he needed the support of the people to defeat the BJP and ensure that the «good work» continued in Delhi. The former chief minister resumed his 'padyatra' following a break for the festivals and urged the people of Delhi to vote for AAP in the assembly elections while accusing the BJP of halting development work. «I need your support to defeat the BJP and keep the good work going in the city because I cannot do it alone. The BJP will stop all the work if it comes into power as it cannot match the facilities (being provided in Delhi) in states where it is already in power,» he claimed. There was no immediate response from the BJP on the claims.
03.11 / 07:31
Citi DISH love Celebrity Features How to dine Like a banker at Hong Kong’s Nobu, according to Nobu himself
Nobu at the Regent Hotel in Kowloon this week were in for a treat as celebrity chef Nobu Matsuhisa was in the city to celebrate the one-year anniversary of the reopening of his namesake restaurant in Hong Kong. To mark the event, he hosted special omakase meals for two days.
03.11 / 06:45
markets UPS Citi Strategy Remark awards Diwali sales boost liquor revenues in Delhi; City gets Rs.448 crore after 3.9 crore bottles sold in two weeks
In the two weeks leading up to Diwali this year, an impressive 3.9 crore liquor bottles were sold across the capital, generating a remarkable Rs. 448 crore in revenue through 680 shops operated by four government corporations. This year’s figures mark a substantial increase compared to the previous two years. In 2022, 1.9 crore bottles sold for Rs. 324 crore, while 2023 saw sales rise to 2.7 crore bottles worth Rs. 433 crore.
03.11 / 05:03
markets Citi Strategy Election President reports travelers Trump to rally backers every day until election in North Carolina, swing state he won twice
Even as Trump looks to expand the electoral map and project strength with trips to New Mexico and Virginia, two Democratic states not widely viewed as competitive, he is putting considerable time into North Carolina, which last backed a Democrat for president in 2008. The former president's path to the 270 electoral votes needed to capture the presidency gets significantly more complicated if he loses North Carolina. The fast-growing Southern state gave Trump his smallest margin of victory — 1.3 percentage points — over Democrat Joe Biden four years ago.
03.11 / 00:29
markets Citi Manufacturing Strategy Deloitte Experts Schools More than just optics! Data centres, 5G push powering fibre cable boom
data centre boom globally, in addition to rapid 5G rollouts, is silently propelling the growth of another ancillary industry: Optic fibre cables (OFCs). With top dollar expected to flow into the segment in the next decade, service providers and fibre manufacturers are looking to simultaneously strengthen deployment locally and double down on building capacities and boosting exports. Investment banking firm Avendus Capital expects around $2 billion capital expenditure towards data centre fibre alone over the next decade, with global private equity funds eyeing the India opportunity. Deloitte estimates that overall fibre deployment in India will be 4 million kilometres in 2024, expected to expand at 12- 15% over the next two years. Manufacturers are also looking to harness India’s already established credentials. According to data from the Ministry of Commerce, India’s OFC exports to more than 100 countries in FY24 totalled Rs 39,600 crore. Nearly half of the shipments were to major European nations, including Spain, the Netherlands, Poland, Italy, and the Czech Republic.
02.11 / 23:29
UPS Citi Election wellness Rust country rights Listen to business owners and voters in Erie, Pennsylvania. They could help decide the White House.
Both Donald Trump and Kamala Harris have campaigned in the Rust Belt city of Erie, Pennsylvania
02.11 / 22:15
markets Citi Digital Man performer Schools Manchester United vs Chelsea prediction, live streaming: How to watch Premier League match?
Manchester United will play arch-rival in the Premier League Chelsea on Sunday. Man United will be playing their first match after Erik ten Hag was sacked and the club announced the appointment of Ruben Amorim. Manchester United versus Chelsea is scheduled to kick off at 11:30 am (ET) on Sunday, November 3 at Old Trafford in Manchester. Manchester United is likely to win the Premier League game against Chelsea. Manchester United versus Chelsea Premier League game will be live telecast on Telemundo and USA Network.
02.11 / 19:19
markets Citi Digital Strategy Death Experts PAM This was Liam Payne's final wish an hour before his tragic death
Just over an hour before his fatal fall, Liam expressed a desire to buy a home in Buenos Aires, sharing his love for the city and its surroundings. In an encounter captured by Argentine TV, a fan named Daiana Gauna recounted her emotional conversation with Liam. She described him as looking good, not under the influence of alcohol or drugs, and noted their discussion about his experiences in Buenos Aires. Liam shared that he had recently gone for a run with his girlfriend and expressed his enjoyment of the city and its countryside.

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