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About 13 results for "citigroup rsquo"

India's FY15 CAD estimated at 1.8% of GDP: Citigroup

India's FY15 CAD estimated at 1.8% of GDP: Citigroup

The largest component in computing CAD is trade deficit. India's trade deficit widened to $13.35 billion in October as exports contracted 5.04 per cent and gold imports surged India's current account deficit for the current financial year is expected to be $36.7 billion, or 1.8 per cent of GDP, despite a fall in exports and rise in imports, says a Citigroup report. "We maintain our view of FY15 CAD at $36.7 billion (1.8 per cent of GDP), with risks balanced," Citigroup said in a research note ..., 1 week ago

Jignesh Shah exits MCX

Financial Technologies India Ltd promoter Jignesh Shah on Monday exited the Multi Commodity Exchange, the country’s largest commodity bourse that he founded in 2003, with FTIL signing an agreement with Kotak Mahindra Bank to sell its 15 per cent stake.“I am sure the Kotak Mahindra group, as a significant minority shareholder, will contribute to MCX’s growth. We look forward to a constructive partnership as its technology partner, ” Shah said.With Kotak’s entry, the ...
 Rediff.com1 month ago

After 6 weeks of climb, Sensex takes a plunge

The 30-share Sensex closed down 162 points at 28,338 and the 50-share Nifty was down 67 points at 8,463. Benchmark indices ended lower amid profit taking after they hit record all-time highs in the previous sessions. Index heavyweight ITC witnessed selling pressure in late trades amid reports on ban of sale of loose cigarettes. Analysts expect trading to be volatile in this week with traders rolling over positions in the futures & options (F&O) segment from November to December 2014 ...
 Rediff.com1 day ago

5 reasons why SBI's $1bn lifeline to Adani's Australia project needs to be questioned

Was Adani able to clinch this loan merely as a result of his proximity to Prime Minister Narendra Modi? For anyone who thought Indian banks' appetite to finance big ticket infrastructure projects had dried up, the news that the State Bank of India has extended a $1 billion lifeline to finance Gautam Adani's beleaguered coal venture in Australia might have come as a big surprise. SBI's decision, albeit subject to a 'detailed assessment of the company's mine'  has raised several eyebrows, ...
 Rediff.com1 week ago
Jagran Post

Apple plans aggressive expansion, likely to hire dedicated sales force for potential clients

Experts say the company hopes to offset a gradual deceleration in growth - highlighted by iPad sales that have declined three straight quarters - by expanding its footprint in the workplace. Three months after unveiling a partnership with IBM to develop apps ...
 Jagran Post2 weeks ago

RIL to sell 49.9% stake in US joint venture

Reliance Industries is looking to sell its 49.9 per cent stake in a US joint venture that owns a 460 miles pipeline network for transportation of shale oil and gas. RIL, as well as its partner Pioneer Natural Resources Co, are seeking a buyer for their stakes in Eagle Ford Midstream venture as they focus on shale oil production. "Pioneer Natural Resources today announced that the company is pursuing the divestment of its 50.1 per cent share of the Eagle Ford Shale Midstream business. "Reliance ...
 Rediff.com3 weeks ago

Sensex zooms 390 points to snap 3-day losing streak

Benchmark shares indices ended 1.5% higher on Thursday snapping a three-day losing streak led by financials following encouraging India growth forecast by the World Bank while delay in interest rates by the US Federal Reserve also boosted sentiment. The 30-share Sensex ended up 390 points at 26,637 and the 50-share Nifty closed 118 points higher at 7,961. Indian economy is likely to grow by 6.4% in 2015-16 compared with 5.6% in 2014-15, the World Bank said in its bi-annual South Asia Economic ...
 Rediff.com1 month ago

Markets end flat; Infosys slumps 5% on downgrade

Benchmark shares indices ended lower, amid choppy trades, for the third straight session with IT shares declining the most led by Infosys amid reports of downgrade by global financial services major Citigroup. The 30-share Sensex ended down 25 points at 26,247 and the 50-share Nifty closed 10 points lower at 7,843. The Indian rupee was trading tad higher against the US dollar at Rs 61.38 compared to the previous close of Rs 61.43. Indian economy is likely to grow by 6.4% in 2015-16 compared ...
 Rediff.com1 month ago
IndiaTV News

In US, Narendra Modi will market Brand India to top CEOs

New Delhi/Washington: When Prime Minister Narendra Modi sits down to breakfast with the CEOs of top US companies on Monday, he will be speaking to them with the knowledge and authority of a business honcho who knows what he wants and can possibly market India ...
 IndiaTV News1 month ago Modi to have breakfast meeting with Google, pepsico, GM in US  IndiaTV News2 months ago

Divestment gets a boost with three big PSU stake sales

The Union Cabinet on Wednesday cleared a dilution of the government's stake in Oil and Natural Gas Corporation (ONGC), Coal India Ltd (CIL) and NHPC Ltd.  At current market valuations, the amount of its holdings the Centre wants to offload in these companies could fetch it as much as Rs 45,796 crore (Rs 457.96 billion) - more than the Budget target of raising Rs 39,925 crore (Rs 399.25 billion) through disinvestment in public-sector undertakings. However, the actual proceeds for the ...
 Rediff.com2 months ago
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