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Citigroup

The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada | Photo: Reuters

Citigroup's managers and consultants working on CEO Jane Fraser's reorganization have discussed job cuts of at least 10% in several major businesses, CNBC reported on Monday, citing people with knowledge of the process.The bank has warned of job cuts as part of a sweeping overhaul it unveiled in September, but has said it will estimate the scale of layoffs and cost savings in the current quarter.The reorganization, known internally as "Project Bora Bora" according to CNBC, is intended to give Fraser more direct control as she seeks to simplify the Wall Street giant and boost its stock price.

The Health Ministry in Hamas-ruled Gaza says the Palestinian death toll from the ongoing war with Israel has jumped over 10,000. The figures released Monday mark a grim milestone in what has quickly become the deadliest round of fighting since Israel's establishment 75 years ago. The war erupted on October 7 when Hamas militants stormed into Israel from Gaza and killed over 1,400 people and took some 240 others hostage in a rampage that Israel described as the deadliest attack on Jews since the Holocaust. Israel responded with a campaign of blistering airstrikes, followed by a ground invasion. The Health Ministry says 10,022 people have been killed in Gaza, without distinguishing between fighters and civilians. The vast majority of the dead are believed to have been killed in Israeli airstrikes, though Israel says over 500 errant rockets launched by Palestinian militants have landed inside Gaza.

5.6 magnitude earthquake hits Nepal, tremors felt in parts of north India.

All schools in Delhi have been directed to suspend physical classes, barring classes 10 and 12, until November 10 in view of rising pollution levels, Delhi Environment Minister Gopal Rai announced on Monday. Pollution levels in Delhi-NCR on Monday morning were recorded around seven to eight times above the government-prescribed safe limit, as a toxic haze persisted over the region for the seventh consecutive day. On Sunday, Delhi Education Minister Atishi had announced closure of primary classes of all schools until November 10 and said schools have the option of teaching online for classes 6 to 12. However, all government and private schools opted to hold physical classes for classes 6 to 12. The 24-hour average Air Quality Index (AQI), recorded at 4 pm every day, worsened from 415 on Saturday to 454 on Sunday, prompting the Centre to implement all emergency measures mandated under the final Stage IV of its air pollution control plan called the Graded Response Action Plan (Grap). According to a 2018 study conducted by The Energy and Resources Institute, vehicular emissions contribute to roughly 40 per cent of the PM 2.5 pollution in the national capital.

On the Mahadev betting app case, Chhattisgarh CM Bhupesh Baghel says, "...Investigation of this has been going on for two years... Unless online betting is banned, nothing will stop...There are lakhs of fake accounts of those who do online betting... The central government should identify them and close them..." In the meantime, the grand-old party has decided to take up the issue of Mahadev betting app with the Election Commission of India today

As the air quality continues to deteriorate in the national capital, Delhi Chief Minister Arvind Kejriwal has called a high-level meeting today, officials said. "Delhi Chief Minister Arvind Kejriwal called a high-level meeting on the issue of increasing pollution," the official said. This meeting will be held in Delhi Secretariat at 12 noon. Officials further informed that Delhi's Environment Minister and officials of all concerned departments will attend the meeting.

The overall air quality in the National Capital continues to be in the 'severe' category' for the fifth straight day, as per the Central Pollution Control Board. According to the data issued by the System of Air Quality Forecasting and Research (SAFAR-India), the air quality in the National Capital was recorded at 488, up from 410 a day ago. Meanwhile, Delhi Environment Minister Gopal Rai has called a meeting of all concerned departments today in view of the increasing pollution, his office said in a brief statement.

 

10:57 PM

No entry for trucks carrying non-essential items into Delhi from Noida

With Grap IV restrictions imposed in Delhi-NCR, the entry of trucks carrying non-essential items into the capital from Noida is banned and curbs have been placed on plying of BS-III (petrol) and BS-IV (diesel) vehicles in Gautam Buddh Nagar. The restrictions have come into force as per Stage IV of the Graded Response Action Plan (GRAP) implemented by the Centre's Commission for Air Quality Management (CAQM) on November 5, amid severe pollution levels in the region and growing health concerns, the traffic police here said on Monday.
 
10:40 PM

Congress releases list of 16 candidates for the upcoming Telangana assembly elections

10:26 PM

ED summons former Mumbai Mayor and Uddhav Thackeray faction leader Kishori Pednekar

ED has summoned former Mumbai Mayor and Uddhav Thackeray faction leader Kishori Pednekar, for November 8 in Covid body bag scam case.
 
9:55 PM

Punjab reports 2,060 farm fires today

Out of 2,060 stubble burning incidents reported on Monday, Sangrur continued to top with 509 such cases, followed by 210 in Bathinda, 195 in Mansa, 189 in Barnala, 122 in Faridkot and 110 in Moga.
 
9:54 PM

Primary schools in Faridabad closed due to rising pollution

Faridabad's Deputy Commissioner Vikram Singh has ordered closure of schools till October 12 for children from class one to five from Tuesday. Earlier today, the Gurugram administration also ordered suspension of classes from nursery to class five till further orders to protect school children from rising pollution in NCR.
 
9:25 PM

SC Collegium recommends names of three new judges

Delhi High Court Chief Justice Satish Chandra Sharma, Rajasthan High Court Chief Justice Augustine George Masih and Gauhati High Court Chief Justice Sandeep Mehta recommended for elevation to the Centre for Supreme Court judges.
9:25 PM

India sends second batch of relief materials to Nepal

Second flight carrying 9 tonnes worth of emergency relief assistance lands in Nepal, said MEA Minister Jaishankar.
 
On Sunday, a special Indian Air Force C-130 flight landed in Nepal carrying the first consignment of emergency relief materials worth Rs 10 crore. India has become the first country to dispatch emergency relief materials to the earthquake-hit districts in Nepal.
7:52 PM

Citigroup considering at least 10% job cuts in major businesses

Citigroup's managers and consultants working on CEO Jane Fraser's reorganization have discussed job cuts of at least 10% in several major businesses, CNBC reported on Monday, citing people with knowledge of the process.The bank has warned of job cuts as part of a sweeping overhaul it unveiled in September, but has said it will estimate the scale of layoffs and cost savings in the current quarter.The reorganization, known internally as "Project Bora Bora" according to CNBC, is intended to give Fraser more direct control as she seeks to simplify the Wall Street giant and boost its stock price.
7:51 PM

Gurugram orders online classes from nursery to class v

All pre school, pre primary and primary classes (i.e nursery to class v) in physical form are ordered to be discontinued from 7th November, the office of deputy commission said in a release. This applies to both primary and govt schools. Schools shall adopt online mode for conducting lessons for students up to Grade 5, the order added.
7:51 PM

Delhi's air quality remains 'severe' for 4th day on trot

The city's 24-hour average Air Quality Index (AQI), recorded at 4 pm daily, stood at 421 on Monday, a marginal improvement from 454 on Sunday, even as a toxic haze persisted over the city for the seventh consecutive day.Several cities in neighbouring Haryana, Rajasthan, and Uttar Pradesh have also reported hazardous air quality. Neighbouring Ghaziabad (391), Gurugram (373), Noida (384), Greater Noida (420), and Faridabad (412) also reported hazardous air quality.
7:50 PM

Things are out of their control: Congress on odd-even scheme

On the Odd-Even vehicle scheme from Nov 13-20 in the national capital, Delhi Congress chief Arvinder Singh Lovely told ANI, "Things are out of their control and now they are taking some measures for pollution. I appeal to the governments to strengthen the public transport system. There should be planning to mitigate pollution levels at every hotspot. Till when will they keep taking only temporary measures."
6:41 PM

Palestinian death toll in Gaza exceeds 10,000, according to Health Ministry

The Health Ministry in Hamas-ruled Gaza says the Palestinian death toll from the ongoing war with Israel has jumped over 10,000.
 
The figures released Monday mark a grim milestone in what has quickly become the deadliest round of fighting since Israel's establishment 75 years ago.
 
The war erupted on October 7 when Hamas militants stormed into Israel from Gaza and killed over 1,400 people and took some 240 others hostage in a rampage that Israel described as the deadliest attack on Jews since the Holocaust. Israel responded with a campaign of blistering airstrikes, followed by a ground invasion.
 
The Health Ministry says 10,022 people have been killed in Gaza, without distinguishing between fighters and civilians.
 
The vast majority of the dead are believed to have been killed in Israeli airstrikes, though Israel says over 500 errant rockets launched by Palestinian militants have landed inside Gaza.
6:39 PM

Bombay High Court's ultimatum for authorities as air quality deteriorates in Mumbai

Bombay High Court during hearing a suo motu PIL regarding the deteriorating air quality in Mumbai Mumbai today said that Pollution Control Board and municipal corporation needs to take measures by Friday.
6:39 PM

One BSF constable and 2 polling team members were injured in an IED blast that took place in Kanker

A BSF constable and 2 polling team members were injured in an IED blast that took place in Kanker today. A joint party of BSF and District Force was going from Camp Marbeda to Rengaghati Rengagondi polling station with 04 polling teams from Chhotebetiya police station of district Kanker. Injured are undergoing treatment and their condition is normal: Police
6:37 PM

Turkey pressed Blinken for 'immediate' ceasefire in Gaza

Turkish Foreign Minister Hakan Fidan on Monday pressed visiting US Secretary of State Antony Blinken to support an "immediate" ceasefire in the Israel-Hamas war, a Turkish diplomatic source said.
 
"Minister Fidan requested an immediate ceasefire in Gaza," the source said, adding that the sides agreed "on the need to prevent civilians from being harmed in Gaza".

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First Published: Nov 06 2023 | 8:44 AM IST

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