Citi Financial News
16.10 / 13:17
markets
Citi
Election
Universities
reports
Features
Australia's PM is criticized for buying a waterfront home during a housing crisis
Australian Prime Minister Anthony Albanese is being criticized for buying a multimillion dollar waterfront home during a national housing crisis with federal elections only months away
16.10 / 13:17
markets
Citi
security
Trade
travelers
Destinations
Hong Kong cuts liquor tax in an effort to reignite its nightlife industry
Hong Kong’s leader has announced a cut in liquor taxes as the Asian financial hub hopes to revive its reputation as a travel destination with a vibrant nightlife and dining scene
16.10 / 10:15
COST
UPS
Citi
country
beautiful
travelers
International
Around Europe in 35 days, for just ₹4 lakh. Here’s how this Jaipur couple did it
Subscribe to enjoy similar stories. International travel has quickly become a top aspiration for many Indians, and exploring the world’s diverse cultures and landscapes is more popular than ever. Though daunting expenses still hold many back, careful planning and smart budgeting can make the dream a reality.
16.10 / 09:21
16.10 / 08:33
COST
Citi
Provident
Digital
Strategy
reports
Wanted: 2 million cloud professionals! Tech hiring to surge in FY25 as GCCs boost fresher recruitment
Global Capability Centers (GCCs) have become major employers for fresh talent, offering salaries up to 30% above the industry average for in-demand skills, a new report has shown. TeamLease Digital, a tech staffing and solutions provider, has shared its insights on hiring trends for FY 2025, highlighting the rising demand across different experience levels, the growing significance of skill development, and the evolving technology landscape. According to the report, freshers can expect a 40% rise in hiring by GCCs compared to last year, while IT services companies project a 20-25% growth in recruitment. The demand for skills in software development, cloud technologies, and data engineering continues to drive these numbers. Mid-level roles such as project managers, data scientists, and cybersecurity professionals show steady demand, with salaries increasing by 7.89% to 10.2% over FY 2024. Senior management roles have witnessed a notable 21% rise in demand, reflecting the strategic need for expertise in DevOps, product management, and data engineering. Salaries for these positions have increased between 6.54% and 10.8%.
16.10 / 07:45
Citi
Provident
Digital
Progressive
security
innovations
Updates
Utopian City Project for Crypto and AI Leaders Praxis Secures $525M in Funding
Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...
16.10 / 06:27
markets
Citi
Digital
Parke
Experts
Schools
Traffic
Bengaluru rains: Normal life affected as tech parks, malls flooded; traffic congestion becomes worse
Bengaluru is facing incessant rain since Monday evening, affecting normal life in the city. Several localities witnessed water-logging and traffic congestion. Many citizens faced difficulties navigating through the city due to the downpour as several roads in Varthur, Hebbal, Kadubeesanahalli, and surrounding areas were water-logged. The India Meteorological Department (IMD) has issued an orange alert for Wednesday and Thursday in the city. Union Minister and JD(S) leader HD Kuamraswamy took to social media platform to blame the Congress government for the poor infrastructure.
16.10 / 03:39
16.10 / 03:39
16.10 / 03:39
16.10 / 03:39
UPS
Citi
CEO
country
Destinations
Walgreens to close 1,200 US stores as chain attempts to steady operations at home
Walgreens is planning to close around 1,200 locations, as the drugstore chain and its rivals struggle to define their role for U.S. shoppers who no longer look to them first for convenience
16.10 / 03:39
UPS
Citi
Provident
Manufacturing
Election
President
Biden admin to provide $750 million to North Carolina-based Wolfspeed for advanced computer chips
The Biden-Harris administration announced plans to provide up to $750 million in direct funding to Wolfspeed, with the money supporting its new silicon carbide factory in North Carolina that makes the wafers used in advanced computer chips and its fact...
16.10 / 00:37
markets
Citi
Digital
Strategy
Deloitte
RAI
State ports plan a sea change in capacity, submit Rs 2 lakh cr expansion proposals to Centre
These 'non-major' ports will supplement India's plans to increase total handling capacity by four times to 10,000 million tonnes per annum (mtpa) by 2047. Gujarat aims to develop integrated port cities with an estimated investment of Rs 1.5 lakh crore, said the people cited above. Andhra Pradesh envisages an investment of Rs 50,000 crore in the ports sector till 2050.
15.10 / 23:29
Citi
Strategy
SpaceX
Experts
stars
reports
travelers
Will it be possible? Elon Musk says he will ensure over a million people live on Mars in 30 years
Elon Musk claims that within 30 years, there will be over a million people residing on Mars. As his SpaceX team achieved a significant victory in their quest for affordable interplanetary travel, Elon Musk made a daring claim about the possibility of habitation on Mars, as quoted in a report by the Daily Star. Elon Musk claims that one million people will be able to live on Mars thanks to his rocket-catcher. When the SpaceX guru captured a massive booster from his Starship rocket for the first time, a large portion of the world watched in awe.
15.10 / 16:29
Citi
Provident
Platform
City Hive urges data platforms and providers to incorporate ACT signatory status
The ACT Stewardship Council, a cross-industry body of fund selectors and investors acting on behalf of $2trn in clients' assets, has issued a letter to data platforms and providers to publish an investment house's signatory status and the year the firm became a signatory. The think-tank and advocacy group said these are both «key» indicators for analysts assessing its commitment to workplace culture and transparency. City Hive's Bev Shah: What firms are telling us about values and commitments ACT signatories pledge to disclose in a standardised way, offering a «high degree of openn...
15.10 / 15:39
markets
COST
Citi
Digital
Platform
Food
Trade
How the quick comm brigade sparked a fall in Damani’s blue chip stock
Subscribe to enjoy similar stories. New Delhi/Bengaluru: They are worlds apart, but both Radhakishan Damani and Mohammed Shafiq find themselves battling a common enemy today. Avenue Supermarts, Damani’s food and grocery retail chain, which operates nationwide, and City Food Point, Shafiq’s small convenience store in Bengaluru’s upscale Indiranagar neighbourhood, are under siege from quick commerce, a retail channel that came into its own during the covid pandemic.
15.10 / 15:39
Citi
Fighting
Southern
War
hospital
evacuation
Exhausted Gazans defy evacuation orders as Israel presses new offensive
Subscribe to enjoy similar stories. Israel’s military is ordering civilians to leave large parts of northern Gaza as it conducts an offensive against Hamas militants in Jabalia refugee camp. But many Palestinians are staying put, because they are trapped by fighting around them, exhausted by a year of repeated evacuations or fearful that nowhere in the Gaza Strip is safe.
15.10 / 15:37
markets
Citi
Digital
Waters
reports
Schools
Chennai Rains: Superstar Rajinikanth's home flooded amid heavy downpour, schools closed across six districts
heavy rainfall from the northeast monsoon. Rajinikanth’s luxurious villa in the posh locality of Poes Garden, a landmark in the city, has been inundated. The incessant rains have led to water entering the premises, with visuals on social media showcasing the flooding. This situation has arisen as the intensity of the downpour has overwhelmed the city’s drainage system.
15.10 / 14:21
15.10 / 13:11
markets
Citi
FIVE
Deloitte
trends
reports
Housing price of new projects jump over 145% in two Delhi-NCR areas in 5 years; check property price rise in your city
The report highlights that Gurugram has experienced the most significant increase in newly-launched housing prices, jumping from Rs 7,500 per square foot in 2019 to Rs 19,500 per square foot in 2024. It marks an increase of 160% in five years. Noida has experienced a price jump from Rs 6,500 in 2019 to Rs 16,000 in 2024, reflecting a rise of 146% in five years. Bengaluru prices has risen from Rs 5,051 in 2019 to Rs 10,020 in 2024, a notable increase of 98% in five years. In Hyderabad, the price rose from Rs 4,686 in 2019 to Rs 8,500 in 2024, representing an 81% rise in five years. Chennai recorded a surge from Rs 4,451 in 2019 to Rs 8,023 in 2024, indicating an 80% rise during the five-year period.
15.10 / 06:35
markets
Citi
Digital
Parke
Experts
testing
Traffic
Bangalore Traffic Advisory: Check no parking zones, pick-up zones ahead of India vs NZ Chinnaswamy Test
India vs New Zealand Test match at the M. Chinnaswamy Stadium from October 16 to October 20, 2024, the Bengaluru City traffic authorities have announced special traffic arrangements. To ensure smooth vehicular movement around the stadium, traffic restrictions will be in effect from 7:00 AM to 6:00 PM during the match days.
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