CITI
Loosen the chokehold on our city roads
Delhi's vehicle population has risen by about 30% a year, while public parking sites remain relatively stagnant at 420. Progressive parking charges can help - higher rates for locations with high traffic inflow and parking demand, differential parking rates reflecting peak and off-peak hours, and efficient and smart parking solutions to optimise existing spaces.
US Independence Day 2024: Best cities for celebrating 4th of July. Here is list of 10 cities. Know in detail
WalletHub has published the list of best cities for celebrating the 4th of July. The cities were judged based on the number of affordable restaurants, average beer and wine prices, accessibility to fireworks and lowest share of fatal crashes. Know which city has topped the list.
HUA ministry extends deadline for Smart Cities Mission till March 2025
The Union housing and urban affairs ministry has announced an extension of the Smart Cities Mission deadline until March 2025, allowing completion of ongoing projects. This comes after requests from states facing delays. As of July 3, 2024, 100 cities have completed 90% of projects worth Rs 1,44,237 crore, with remaining projects in advanced stages. The allocated budget of Rs 48,000 crore has seen 97 per cent released by the Union government, with 93 per cent funds utilised.
Puravankara acquires a 7-acre land parcel in Hebbagodi, Bengaluru, with potential GDV of Rs. 900 Crore
Real estate developer Puravankara has acquired a 7.26-acre land parcel in Hebbagodi, Bengaluru, for a luxury project, adding a potential GDV of over Rs 900 crore. With recent acquisitions in Mumbai, the group's total GDV is now Rs 1,550 crore. Strategically located near Electronics City, Hebbagodi is ideal for residential developments, catering to IT professionals. Puravankara plans to acquire 20 million sq ft of land by year-end for growth in Mumbai, Bangalore, and Delhi-NCR.
Hong Kong, Singapore most expensive cities to live in the world; where do Mumbai & Delhi stand?
According to Mercer's cost-of-living data report, Hong Kong, Singapore, and Zurich are the most expensive cities for international workers in 2024, maintaining their positions from last year. The cities with the lowest living costs are Islamabad, Lagos, and Abuja. Mumbai is the highest-ranked Indian city at 136th, with Delhi moving up to 165th. Other Indian cities listed are Chennai (189), Bengaluru (195), Hyderabad (202), Pune (205), and Kolkata (207).
10 most expensive cities for Expats
According to Mercer's 2024 cost-of-living data, half of the top 10 most expensive cities for international assignees are in Western Europe, with Switzerland hosting four of them. Nevertheless, it is cities in Southeast Asia that dominate the rankings, with Hong Kong and Singapore retaining the first and second positions, respectively.
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Will build film city in Mysuru, says Karnataka CM Siddaramaiah
Karnataka Chief Minister Siddaramaiah announced plans to build a film city in Mysuru, offering 100 acres of land for the project and emphasising a public-private partnership approach. He also pledged steps towards establishing a Kannada OTT platform, fulfilling a long-held dream of Kannada film legend Dr. Rajkumar. Siddaramaiah criticised the previous BJP government for inaction on the film city initiative and vowed to address the OTT platform issue.
UP govt says Noida Film City project to create 50,000 jobs, benefit 5-7 lakh people indirectly
YEIDA chief executive officer Arun Vir Singh said the constitution of a film city alongside the upcoming airport in Jewar was Adityanath' vision, which is now set to become a reality. "Construction of the Film City is scheduled to begin within the next four to six months, with film-related activities expected to commence within three years," Singh said.
Coal India, South Indian Bank among 17 deep value stock ideas from ICICI Securities
Domestic brokerage firm ICICI Securities has listed 17 stock ideas, categorizing them as deep value stocks, stating that the proportion of ‘investable value stocks within large-caps remained steady while the same has been diminishing to historical lows within mid and small-caps.
HSBC taps metaverse to win business from India’s rich diaspora
HSBC expands offerings for India's affluent diaspora through a virtual bank in GIFT City, leveraging the metaverse. The bank aims to capture a share of the $112.5 billion remittances to India from non-residents. With the hiring of a UBS executive, HSBC eyes the potential $5.5 trillion wealth management industry in India by 2025.
Yamuna authority signs concession agreement for Film City project near Jewar airport in Noida
The Film City project in Noida, developed through strategic partnerships and industry collaborations, aims to create a vibrant hub for entertainment and business. With designated zones for various activities, including an amusement park and commercial use, the project signifies a significant step towards enhancing the region's media infrastructure and economic growth.
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.
Vienna tops the list of 10 best cities to live in the world, Pakistan’s Karachi features in the bottom 10
The Economist Intelligence Unit (EIU) annually releases its Global Liveability Index, ranking cities based on stability, healthcare, culture and environment, education, and infrastructure. In the 2024 report, Vienna, Austria, remains the top city for the third consecutive year, praised for its cultural vibrancy and exceptional public services. However, cities like Karachi, Pakistan, and Dhaka, Bangladesh, are among the least livable, ranking in the bottom ten.
World's top 10 most liveable cities & what makes them special
The assessment evaluates 173 cities worldwide using 30 indicators across five categories: stability, healthcare, culture and environment, education, and infrastructure, aiming to gauge their overall livability. This year's report highlights a positive trend, largely due to notable advancements in healthcare and education in developing countries. However, these improvements are somewhat tempered by decreasing scores observed in several leading cities.
Why is Singapore the world’s most expensive city?
A report by a Swiss bank has noted that Singapore is the world’s most expensive city. Hong Kong, London, Shanghai and Monaco are some of the other cities in the ranking.
Market trading guide: JBM Auto, Apollo Tyres, City Union Bank among 7 top stock recommendations for Wednesday
Benchmark Sensex breached the historic 78,000 level for the first time while Nifty settled at a new record high on Tuesday on buying in blue-chip bank stocks and Reliance Industries. The 30-share index jumped 712.44 points to settle at a new closing peak of 78,054. The Nifty went up by 183.45 points or 0.78 per cent to settle at a fresh record high of 23,721.30. "On the daily charts we can observe that Nifty witnessed follow through buying interest. The consolidation of the last ten trading sessions is breaking out on the upside and trending moves are likely to begin. Thus, we shall continue to ride the up move till there is weakness on the price front," said Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas. Here are 7 stock recommendations for Wednesday:
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.
Kozhikode is India's first UNESCO 'City of Literature': What does it mean? Why Kozhikode?
Kozhikode in north Kerala, known for its rich cultural heritage, was on Sunday officially declared as India's first UNESCO 'City of Literature'. In October 2023, Kozhikode had earned a place in the 'Literature' category of the UNESCO Creative Cities Network (UCCN).
City Union Bank, Navin Fluorine among 5 stocks with long buildup
A long buildup occurs when there is an increase in open interest and trading volumes alongside a rise in the price of the underlying stock in the Futures and Options segment, indicating a bullish trend in the market. In Thursday's trading session, five stocks experienced a buildup of fresh long positions. Here's the list:
Hot Stocks: Brokerages view on Kotak Bank, Tata Motors, Uno Minda, and Tata Technologies
Macquarie upgraded Kotak Mahindra Bank, City Union Bank, and Bandhan Bank to outperform with raised target prices. They downgraded SBI to underperform but increased its target price.
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.
Tax parity for IFSC funds to help HNIs avoid US inheritance levy
Wealthy Indians can use GIFT City to avoid US inheritance tax on offshore investments. IFSCA is seeking tax parity for funds in GIFT City to attract HNI investors.
IFSCA to unveil norms for direct listing at GIFT City by early July
IFSCA to finalize direct listing norms at GIFT City by early July under the leadership of K Rajaraman.
Bank of India acquires over 6 pc stake in CCIL IFSC
Promoted by Clearing Corporation of India Limited (CCIL), CCIL IFSC is the proposed entity to build and operate a real-time foreign currency settlement system at GIFT City, the country's only operational international financial services centre.
Jubilant FoodWorks, Glenmark Pharma among 5 stocks with short covering
Short covering refers to the buying of shares in order to close an existing short position or a position that has been sold. Short covering signals a shift in view regarding a security from extreme bearishness to bullishness. In Monday's trading session, five stocks saw top short covering. Here's the list:
JPMorgan, Citi scrap Fed rate-cut bets for July after jobs data
JPMorgan's chief US economist, Michael Feroli, stated in a report on Friday that "the recent momentum in job growth" indicates that the "broader" labor-market weakening, which the Fed mentioned could justify a rate cut, might take more than three months to materialize.
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).
R R Kabel shares zoom 6% after posting 20% YoY jump in net profit. Should you invest?
R R Kabel's shares surged 6% on BSE to Rs 1,820.80 after reporting a 20.6% YoY increase in profit after tax to Rs 78.7 crore. The company's revenue rose 15.7% YoY to Rs 1,754 crore, with EBITDA margin at 6.6%.
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.
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