CITI RESEARCH
Euro rises to two-week high after France's far-right wins first-round vote
Amid market volatility, potential alliances to block the far-right have emerged in France's election. The RN party eyes a possible absolute majority, adding to ongoing uncertainty and investor concerns.
This Indian city sees third highest jump in prime residential property prices in the world: Report
In Q1 2024, Mumbai led Indian cities with an 11.5% year-on-year increase in prime residential prices, ranking third globally in Knight Frank's Prime Global Cities Index. Delhi followed with a 10.5% rise, securing fifth place. Knight Frank attributed the surges to India's robust economic growth, with GDP exceeding 8% annually. 'Prime Global Cities Index' is a valuation-based index tracking the movement of prime residential prices across 46 cities worldwide.
Two giant asteroids are approaching Earth, Here's how to spot the 'Planet Killer' this weekend
This week, astronomers are anticipating the close approach of asteroid 2011 UL21, dubbed the "Planet Killer," as it swings by Earth. Despite its size of approximately 2.5 kilometers in diameter, it will pass at a safe distance of 4.1 million miles—farther than the moon. Recently discovered asteroid 2024 MK, smaller but still considered hazardous, has raised concerns due to its potential impact risks. Astronomers caution that an asteroid of this size could cause significant damage if it were to collide with Earth, underscoring ongoing efforts in planetary defense and monitoring.
GIFT City-like hub for Karnataka, state IT minister Priyank Kharge tells FM
Karnataka IT-BT minister Priyank Kharge told finance minister Nirmala Sitharaman that such a central business district in Karnataka will foster economic growth and create jobs, and also attract foreign investment.
Karnataka seeks Gujarat’s GIFT city-like facility for state from Centre ahead of Union Budget
Pushing for a Central Business District akin to GIFT City, Karnataka seeks rapid project approvals and funding for infrastructure, emphasizing economic growth, job creation, talent development, and research initiatives.
Wockhardt aims to launch antibiotic with USD 25 bn mkt potential by early FY26
With strong financial backing and successful research, Wockhardt is poised for the launch of Zaynich, an antibiotic targeting high resistance levels globally. The company's strategic pricing and partnership approaches enhance its market penetration, setting the stage for a significant impact on the pharmaceutical industry.
- Go To Page 1
In 2020, only 4% could not access an urban centre in India, reveals study
In 2020, only four per cent of India's population lacked access to an urban centre, according to a study published in the journal Nature Cities. The research, led by the Food and Agriculture Organization (FAO) of the United Nations, Italy, examined over 30,000 urban centres globally. The study highlighted that three per cent of India's population could only reach towns within an hour of travel.
10 Best-Seller Salman Rushdie Books: Explore the Magic of His Fiction
Salman Rushdie is an award-winning novelist and essayist whose work revolves around magical realism, and historical and literary fiction. His books, Midnight’s Children, The Satanic Verses, Haroun, and Sea of Stories have won several awards and recognition by prestigious institutions. This article features a list of the best Salman Rushdie books that will make all bookworms delve into his magic of fiction.
Adani CFO says Sebi notices procedural
The conglomerate faces Sebi notices, financial scrutiny, and market challenges but remains compliant and poised for a strategic rebound from recent setbacks.
Stock Radar: 20% rally in 3 months! City Union Bank hits fresh 52-week high in June; time to buy or book profits?
City Union Bank (CUB) has surged over 20% in 3 months, supported by technical indicators like RSI and MACD. Analyst Shilpa Rout sees a short-covering rally potential above 170 levels with 150 as a key support.
World’s “Impossibly unaffordable” cities ranking: Five cities in the US
In a report released by a university in California which ranked cities based on their unaffordable real estate, five cities from the US are in the top 10 list. Four of these cities are from the state of California.
Low unsold housing stock makes room to absorb slower pre-sales growth
The tier I residential real estate inventory in India's top eight cities remains manageable, with a quarter-to-sales ratio of 11, lower than the six-year high of 13. Pune and Bengaluru have favorable unsold stock levels, while Mumbai and Chennai face high inventory build-up. Despite strong pre-sales and housing launches in FY24, the absorption rate remains comfortable. Pre-sales for tier-1 players grew 71% on-year in March. Collections increased by 29%, although leverage remains high. The gross debt to collections ratio slightly rose to 2.4x in FY24.
We don't expect rate cut in 2024 unless growth or inflation surprises on downside: Tanvee Gupta Jain
I think the political outcome was suggesting that there is kind of a weak sentiment at the lower end of the income pyramid. And whether we accept it or not but India has seen a K-shaped consumption recovery post the pandemic. So, most of the high frequency data that we track are clearly indicating that affluent, premium segment demand in India has been doing well.
Will RBI start cutting interest rates from October? Dr Samiran Chakraborty answers
In Citi's house view, we think that the Fed rate cut will start early, so we have put our first RBI rate cut in October, to some extent also factoring that in that if Fed moves earlier, then RBI gets the scope to move as well.
Gas sector may come under GST purview in Modi 3.0, GAIL, MGL to be top beneficiaries: Citi
Citi Research suggests yet-to-form NDA government could bring gas sector under GST tax. Top bets in energy sector are GAIL (India) and Mahanagar Gas Limited (MGL).
This city tops list with most number of deadliest car accidents in US: Report
Memphis, a city in the state of Tennessee, has recorded the greatest number of car crashes in the US for the year 2022. In the list of top 10 cities with the most number of car accidents, 3 cities belong to the state of Florida.
Indian bond yields seen lower as exit polls predict government continuity
Indian government bond yields are expected to open lower on Monday after positive exit polls hint at PM Modi's re-election. The 10-year yield may range between 6.94%-7.00%. Expectations of policy continuity and fiscal consolidation are driving investor sentiment.
Ecommerce fails to click for firms in Q4 as sales dip across segments
Online consumption lagged in the March quarter across segments like electronics, wearables and beauty. Delhivery said ecommerce delivery volumes declined 13% sequentially in the March quarter to 176 million, while on a year-on-year basis they were down 2%. Cofounder and CEO Sahil Barua indicated this slowdown comes after a strong December quarter.
Big electoral bond buyer Megha Engineering to sell city gas business
Megha City Gas Distribution (MCGDPL), a wholly-owned subsidiary, has decided to consolidate operations and reached out to state-run Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp and Indraprastha Gas, among other players. It ventured into city gas distribution under the brand name Megha Gas in 2015 and continued to operate as MEIL till FY22.
Bearish trades crater fast in Wall Street’s high-momentum rally
Traders are betting against the tech-heavy Nasdaq 100 index, investing heavily in bearish exchange-traded funds (ETFs). However, their bets have not paid off as the index continues to rise, causing these bearish ETFs to plunge. One example is a bearish ETF that has dropped 20% in a month after receiving $500 million in investments at the start of the month. This situation highlights the risks involved in betting against a strong market trend.
Hoka-owner Deckers's shares jump 13%, breach $1,000 mark for the first time
Shares of Deckers Outdoor jumped 13% to breach the $1,000 mark for the first time on Friday, as the footwear company posted upbeat fourth-quarter results, riding on the popularity of Ugg boots and Hoka sneakers among Americans.
Extreme heat lowers nations’ per capita income — but cities could thrive even in hotter conditions: Matthew E. Kahn
Matthew E. Kahn, Provost Professor of Economics at USC, discusses the impact of climate on economic growth and solutions offered by enterprise in an interview with Srijana Mitra Das.
Harvard-led research reveals: Extreme temperatures linked to stroke deaths
Recent studies, including one led by Harvard University, have linked extreme temperatures, both hot and cold, with increased risks of stroke-related deaths. The research, analyzing data from 522 cities across 25 countries over several decades, found a stronger association between extreme temperatures and stroke deaths in low-income countries. Specifically, extreme cold and hot days were found to contribute to a significant number of ischaemic and haemorrhagic stroke deaths.
Oil prices fall on worries of higher US interest rates
Brent crude futures fell 27 cents, or 0.3%, to $81.63 a barrel at 0004 GMT. U.S. West Texas Intermediate crude (WTI) futures were down 35 cents, or 0.5%, at $77.14.
Bumpy roads vs beautiful flyovers: What's stopping Delhi from becoming a world-class city?
Delhi's 2023 budget aimed to upgrade 1,400km of roads with Rs 22,000 crore, managed by PWD. Kejriwal's vision led to pilot projects. The 10-year maintenance plan is restructured. Municipal Corporation of Delhi oversees colony roads. Agencies focus on beautification but neglect road repair and signage importance. Tree plantation and road strengthening are prioritized.
Over a fifth of excess deaths linked to heatwaves over past 30 years occurred in India: Study
Heatwaves cause 1.53 lakh annual global deaths, impacting India, China, and Russia. The study emphasizes education, community engagement, and public health services to combat heatwave effects.
Nearly 100 cases of Covid's new FLiRT variant KP.2 found in Maharashtra: Here are the most affected cities
Maharashtra identifies 91 cases of the Omicron subvariant KP.2, surpassing the JN.1 variant. Pune records the highest number at 51. Dr. Rajesh Karyakarte notes an increase in cases without a rise in hospitalizations. Other cases reported in various cities. FLiRT variants consist of KP.1.1 and KP.2 strains. Japanese researchers identify unique substitutions in the S protein of KP.2 variant.
Nifty bulls get fresh backing from Citi which upgrades India and downgrades China
The recent rebound in the Chinese stock market has come despite worsening fundamentals, while India is delivering solid profits, Citigroup strategists wrote in a report while downgrading China and upgrading India in emerging market allocation.
Vi expects to clear all vendor dues in FY26, say analysts
According to Vodafone Idea management, proceeds from Rs 18,000 crore FPO and proposed Rs 25,000 crore debt funding would enable telco to also upgrade network, say analysts.
Load More
