News for 'City Bank'

Yogi Goes All Out For Flawless Mahakumbh

Yogi Goes All Out For Flawless Mahakumbh

Rediff.com24 Dec 2024

For Yogi Adityanath the successful management of the fair is a crucial part of building 'Brand UP' and making the state a $1 trillion economy.

Mercedes to roll out 8 models in 2025

Mercedes to roll out 8 models in 2025

Rediff.com9 Jan 2025

Luxury carmaker Mercedes-Benz India plans to roll out 8 new models, including battery electric vehicles, this year as it looks to sustain sales momentum having posted record sales in 2024. The company sold 19,565 units last year, registering a growth of 12 per cent as compared to 17,408 units in 2023.

See The Camels Dance

See The Camels Dance

Rediff.com26 Nov 2024

It was a competition and each camel performed to the best of their ability, delighting the crowd.

Maha Kumbh: Record turnout expected for first 'amrit snan' on Tuesday

Maha Kumbh: Record turnout expected for first 'amrit snan' on Tuesday

Rediff.com14 Jan 2025

A record number of devotees are expected to take part in the first 'Amrit Snan' of the Maha Kumbh Mela on Tuesday, coinciding with Makar Sankranti. The event is significant as it marks the participation of the 'Akharas' and is also the first 'snan' after the grand Pran Pratishtha of Lord Ram Lalla in Ayodhya. The Uttar Pradesh government anticipates a total of 35 crore devotees visiting Prayagraj during the Kumbh Mela.

SIP soars beyond city limits: Small towns lead in account additions

SIP soars beyond city limits: Small towns lead in account additions

Rediff.com4 Dec 2023

Mutual funds (MFs) are seeing higher growth in new systematic investment plan (SIP) accounts in rural areas (beyond 30 or B30 centres) compared to the top 30 (T30) cities. However, the average inflows from these areas remain significantly lower than those from the larger centres. Data from the Association of Mutual Funds in India reveals that investors from B30 contributed Rs 1,725 on average to MFs through SIPs, which is 70 per cent lower than the average ticket size of T30 investors at Rs 2,940.

In a first, Prayagraj to use AI face recognition cameras for Mahakumbh

In a first, Prayagraj to use AI face recognition cameras for Mahakumbh

Rediff.com5 Nov 2024

For the first time, the Prayagraj Railway Division will install face recognition cameras alongside CCTV at railway stations, specifically for the Mahakumbh, the Uttar Pradesh government said in a statement.

2025: 13 Least Explored Places In India

2025: 13 Least Explored Places In India

Rediff.com8 Jan 2025

A list of lesser-travelled destinations in India that you must explore this year!

Indian diaspora celebrates 76th Republic Day with enthusiasm

Indian diaspora celebrates 76th Republic Day with enthusiasm

Rediff.com26 Jan 2025

Leaders from around the world extended their greetings to India on its 76th Republic Day, emphasizing the importance of bilateral relations and expressing hope for a stronger future. The Indian diaspora across the globe celebrated the occasion with enthusiasm at Indian missions abroad, where the national tri-colour was unfurled, accompanied by cultural performances and patriotic fervour. The celebrations highlighted the strong bonds of friendship and cooperation between India and its global partners.

Radhika Gupta: Inspire And Lead, Don't...

Radhika Gupta: Inspire And Lead, Don't...

Rediff.com11 Jan 2025

When you create a culture where people find purpose in what they do, they will go above and beyond for you, even in difficult personal circumstances, says Radhika Gupta, MD and CEO, Edelweiss MF

Housing sales up 36% in Q2 in top 7 cities

Housing sales up 36% in Q2 in top 7 cities

Rediff.com28 Sep 2023

Housing sales rose 36 per cent year-on-year to a record 120,280 units across seven major cities during the July-September period on robust demand amid stable mortgage rate, according to Anarock. Housing sales stood at 88,230 units in the year-ago period across the seven major cities. Releasing the data, real estate consultant Anarock said average housing prices across the seven cities grew 11 per cent annually in the July-September period this year.

Crocodiles invade Vadodara streets as Vishwamitri river swells

Crocodiles invade Vadodara streets as Vishwamitri river swells

Rediff.com4 Aug 2024

The river, 17 km of which pass through Vadodara, is home to some 300 crocodiles and an encounter with these reptiles is a common occurrence for those living in areas along its banks, the official said.

Israel Surrounds Gaza City

Israel Surrounds Gaza City

Rediff.com7 Nov 2023

The IDF attacks Hamas strongholds as more and more Palestinian civilians die in Israeli strikes.

'No need to raise capital for Citi deal'

'No need to raise capital for Citi deal'

Rediff.com28 Feb 2023

'Citibank customers will migrate to the Axis Bank platform over 18 months.'

Is This A Good Time To Buy A House?

Is This A Good Time To Buy A House?

Rediff.com23 Sep 2024

Experts say you should be certain of living in a city and locality for a long time before purchasing a home.

Israeli air strikes target mosque in West Bank

Israeli air strikes target mosque in West Bank

Rediff.com22 Oct 2023

The Israel Defence Forces (IDF) on Sunday said that IDF and Israel Securities Authorities carried out an aerial strike at the Al-Ansar Mosque in Jenin, a city in West Bank.

Dev Deepavali: A Night When The Ganga Glows

Dev Deepavali: A Night When The Ganga Glows

Rediff.com27 Nov 2024

Visiting Varanasi for Dev Deepavali should be on your bucket list.

A Labourer's Daughter Is World Champion

A Labourer's Daughter Is World Champion

Rediff.com1 Feb 2025

When Kasturi Rajamurty won a gold medal in powerlifting at the WPPL World Cup in Russia, she sure had come a long way. From a life of penury to constantly being short of funds to fuel her passion, she had finally triumphed, and how.

Cong leader promises LPG cylinders for 'infiltrators' in Jharkhand

Cong leader promises LPG cylinders for 'infiltrators' in Jharkhand

Rediff.com14 Nov 2024

Congress leader Ghulam Ahmad Mir on Thursday promised that LPG cylinders will be provided in Jharkhand at a subsidised rate of Rs 450 even for 'infiltrators', sparking a political row in the midst of assembly elections in the eastern state.

Modi flags off longest river cruise, inaugurates Tent City

Modi flags off longest river cruise, inaugurates Tent City

Rediff.com13 Jan 2023

The maiden voyage has 32 tourists from Switzerland signing up for the entire length of the journey.

Istanbul: Memories And The City

Istanbul: Memories And The City

Rediff.com18 Jul 2023

The jewel-encrusted Topkapi dagger and the enormous Spoonmaker's Diamond set amongst two more rows of diamonds were truly gape-worthy!, Letika Saran tells us after a fascinating encounter with Istanbul.

It Won't Be An Easy Term For The BJP

It Won't Be An Easy Term For The BJP

Rediff.com8 Feb 2025

Delhi faces a severe financial crunch and the deficit is largely due to numerous welfare schemes without adequate revenue flowing in. The success of welfare schemes and electoral promises will need careful financial planning and out of the box thinking to whip up additional revenue, notes Ramesh Menon.

Adani-Hindenburg row: Swiss authorities freeze $310 mn in fund

Adani-Hindenburg row: Swiss authorities freeze $310 mn in fund

Rediff.com13 Sep 2024

Swiss authorities have frozen more than $310 million in funds across multiple Swiss bank accounts as part of money laundering allegations into Adani Group, US-based short seller Hindenburg Research claimed citing media report - a charge that the conglomerate vehemently denied. In a post on X, Hindenburg cited "newly released Swiss criminal records reported by Swiss media outlet" to state that "Swiss authorities have frozen more than $310 million in funds across multiple Swiss bank accounts as part of a money laundering and securities forgery investigation into Adani, dating back as early as 2021."

IFSC relaxation may boost trade in foreign stocks at the GIFT City

IFSC relaxation may boost trade in foreign stocks at the GIFT City

Rediff.com8 May 2023

The Reserve Bank of India's (RBI's) decision on Wednesday to relax restrictions on banks operating in the International Financial Services Centre (IFSC) related to the repatriation of idle funds in foreign currency accounts (FCA) could give a fillip to trading in foreign stocks at the GIFT City.

Dr Singh's final journey to begin tomorrow at 9.30 am

Dr Singh's final journey to begin tomorrow at 9.30 am

Rediff.com27 Dec 2024

Prime Minister Narendra Modi and Congress leaders Sonia Gandhi and Mallikarjun Kharge were among the top leaders who paid homage to former prime minister Manmohan Singh at his home in New Delhi on Friday.

Delhi BJP chief hospitalised days after taking dip in Yamuna

Delhi BJP chief hospitalised days after taking dip in Yamuna

Rediff.com26 Oct 2024

Delhi Bharatiya Janata Party chief Virendra Sachdeva was admitted to the RML Nursing Home on Saturday with complaints of itching and breathing difficulties, two days after he took a dip in the heavily-polluted Yamuna to highlight the alleged failure of the Aam Aadmi Party government to clean the river.

L&T eyes up to Rs 40K cr in pre-sales from realty business

L&T eyes up to Rs 40K cr in pre-sales from realty business

Rediff.com7 Oct 2024

Buoyed by regulatory overhaul and infrastructure boom, engineering conglomerate Larsen & Toubro (L&T) has identified realty business as one of its growth engines for the next 10 years and plans to acquire land parcels while expanding pre-sales, said a senior company executive. L&T Realty has started looking out to acquire land parcels and grab partnership development opportunities across markets to scale up its business. "We are making some strides in that direction, albeit cautiously.

Uddhav handed over 'remote control' to Congress: Modi in Mumbai

Uddhav handed over 'remote control' to Congress: Modi in Mumbai

Rediff.com15 Nov 2024

Prime Minister Narendra Modi on Thursday mocked Shiv Sena (UBT) chief Uddhav Thackeray for "handing over the remote control" of the party to the Congress as he took poll battle to Mumbai with less than a week left for voting in Maharashtra.

2024 Economics Nobel awarded to Daron Acemoglu, Simon Johnson, and James A Robinson

2024 Economics Nobel awarded to Daron Acemoglu, Simon Johnson, and James A Robinson

Rediff.com14 Oct 2024

The Royal Swedish Academy of Sciences on Monday has decided to award the 2024 Nobel Prize also known as the Sveriges Riksbank Prize in Economic Sciences to Daron Acemoglu, Simon Johnson and James A. Robinson "for studies of how institutions are formed and affect prosperity."

IFSCA looks to clear decks for startups' direct listing at GIFT City

IFSCA looks to clear decks for startups' direct listing at GIFT City

Rediff.com29 Aug 2023

The International Financial Services Centres Authority (IFSCA) has proposed key exemptions to the current listing framework and measures for setting up holding companies (holdcos) and special purpose acquisition companies (SPACs) to encourage domestic startups list at GIFT City, the country's only international financial services centre (IFSC). Under the current framework, to be eligible to list on IFSC exchanges, an issuing company should have operating revenue of at least $20 million in the preceding financial year and average pre-tax profits of at least $1 million during the preceding three financial years. An expert committee has noted these conditions have acted as hurdles to listing new-age companies, and they need a relook.

Hindu temple being reconstructed in Pak after 64 years

Hindu temple being reconstructed in Pak after 64 years

Rediff.com21 Oct 2024

Currently, there is no Hindu temple in Narowal district, forcing the Hindu community to perform their religious rituals at home or travel to temples in Sialkot and Lahore.

When Ayodhya Was Illuminated To Welcome Rama

When Ayodhya Was Illuminated To Welcome Rama

Rediff.com1 Nov 2024

Rama and Sita entered a wonderful maze of lit streets, and when Bharatha caught sight of them as he ran down the steps of the palace, the whole city was chiming with celebration with this festival of lights. A fascinating excerpt from Vayu Naidu's book, The Living Legend.

RBI report confident of festival boost to economy

RBI report confident of festival boost to economy

Rediff.com22 Oct 2024

The Reserve Bank of India's (RBI's) State of the Economy report for October acknowledged a slowdown in some high-frequency indicators but expressed confidence in a recovery, aided by consumption demand during the festival season. "In India, aggregate demand is poised to shrug off the temporary slowdown in momentum in the second quarter of 2024-25 as festival demand picks up pace and consumer confidence improves," said the report released on Monday.

Loan granted to credit card holder is exempt from IGST: Calcutta HC

Loan granted to credit card holder is exempt from IGST: Calcutta HC

Rediff.com1 Aug 2023

The interest charged on an inter-state loan given to a credit card holder without the use of a plastic card would not be subject to the integrated goods and services tax (IGST), a two-judge bench of the Calcutta high court has ruled. In this connection, it recently set aside a ruling by a single judge of the high court. The issue was a loan of Rs 650,000 granted by Citi Bank with an EMI of Rs 58,056 for 12 months and inclusive of integrated GST (IGST) on each installment of interest.

Hamas commander killed in Gaza airstrike, 36 held in West Bank raids: IDF

Hamas commander killed in Gaza airstrike, 36 held in West Bank raids: IDF

Rediff.com27 Oct 2023

For the second consecutive night, Israeli troops carried out targeted strikes inside Gaza, as confirmed by the IDF, bracing them for their preparations for the next phase in the conflict against Hamas.

Why Citi is exiting India

Why Citi is exiting India

Rediff.com10 May 2021

The Indian regulatory framework forced Citi to hibernate -- contrary to the claim that it never sleeps!

'Economics Nobel' for research into prosperity of nations

'Economics Nobel' for research into prosperity of nations

Rediff.com14 Oct 2024

The Royal Swedish Academy of Sciences on Monday has decided to award the 2024 Nobel Prize also known as the Sveriges Riksbank Prize in Economic Sciences to Daron Acemoglu, Simon Johnson and James A Robinson 'for studies of how institutions are formed and affect prosperity'.

Citi credit card business losing steam in India

Citi credit card business losing steam in India

Rediff.com1 Apr 2022

At a time when banks are engaged in a fierce battle to gain market share in the credit card segment, Citibank India has been losing its share, both in terms of outstanding cards and spends in the last few years. Still, average spends on Citi cards are higher than any other Indian bank. Last year, the global banking behemoth announced exit from its consumer banking franchises in 13 markets across Europe, Middle East and Asia, including India, citing lack of scale.

First pilot of retail digital rupee in 4 cities on Dec 1

First pilot of retail digital rupee in 4 cities on Dec 1

Rediff.com29 Nov 2022

The Reserve Bank will launch the first pilot for retail digital rupee in Mumbai, New Delhi, Bengaluru and Bhubaneswar on December 1, and later expand it to nine more cities in the initial phase. This follows a month after the RBI had started a pilot in the digital rupee - wholesale segment on November 1. The Reserve Bank announces the launch of the first pilot for retail digital rupee (e?-R) on December 1, 2022, the central bank said in a statement on Tuesday.

RBI issues framework for Indian banks' foreign biz

RBI issues framework for Indian banks' foreign biz

Rediff.com2 Dec 2022

The Reserve Bank of India (RBI) has put in place a framework to allow overseas subsidiaries and branches of Indian banks and financial institutions to undertake activities not specifically permitted in the Indian domestic market. The framework also specifies the applicability of these instructions to International Financial Services Centres in India, including Gujarat International Finance Tec-City (GIFT City). While these activities may not need prior approval, they are subject to compliance with all applicable laws/regulations and conditions stipulated by the RBI and those prescribed by the host regulator.

'We Know How To Protect Our Religion'

'We Know How To Protect Our Religion'

Rediff.com18 Nov 2024

'If someone fiddles us on our religion then we will pay back five times more to that person. We have proved that time and again.'