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About 12 results for "citigroup rsquo"

Jignesh Shah exits MCX
Rediff.com

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.com, 3 weeks ago

Mallya's hold on United Breweries slips further

UB Group Chairman Vijay Mallya’s grip on United Breweries slipped further on Thursday, after lenders to UB Group companies offloaded a part of the stake in Kingfisher beer that was pledged to them. The stake offloaded, a little less than a per cent, was acquired by Dutch brewer Heineken for about Rs 18 crore (Rs 180 million).  With this, Heineken’s stake in Kingfisher rose to about 40 per cent.  Mallya’s stake in United Breweries is now 31.9 per cent. According to ...
 Rediff.com2 months ago
Rediff.com

India on its way back to 7% growth, 6% inflation: Citigroup

The Indian economy stands at the cusp of a recovery and is on its way to a 7 per cent growth rate and 6 per cent inflation, says a Citigroup research report. According to the global financial services major, there is a strong new political will coupled with a credible and active central bank and ‘this mix is steadily changing India's dynamics’. "While there can be plenty of debate on pace and timing, India is on its way back to 7 per cent growth and 6 per cent inflation," the ...
 Rediff.com2 months ago

Citi to hire 100 bankers in Asia

HONG KONG: Citigroup plans to hire as many as 100 bankers in a renewed push into Asia-Pacific commercial banking, following in rival HSBC’s footsteps with a strategy that focuses on selling smaller corporate clients a wider range of products. Global ...
 Himalayan times2 months ago
Rediff.com

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.com2 weeks ago
Rediff.com

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.com2 weeks ago Markets in the red ahead of July F&O expiry  Rediff.com2 months 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 News3 weeks ago Modi to have breakfast meeting with Google, pepsico, GM in US  IndiaTV News1 month ago
Rediff.com

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.com1 month ago
Rediff.com

Fashion world divided on first look at Apple Watch

Apple will offer three different versions of its smartwatch-- sport, standard, and a luxury edition, with finishes including stainless steel and gold plated.    Apple Inc's newly unveiled smartwatch on Tuesday split fashion arbiters who may prove pivotal to its broad acceptance. Many praised the "Apple Watch", priced from $349 when it debuts next year, for its clean aesthetic, but some bloggers and editors said the watch had a masculine aura, which would limit its allure to parts of ...
 Rediff.com1 month ago
Rediff.com

Rajan reiterates hawkish view on price rise

Also says PSU banks divestment to be considered after improvement in governance Inflation in India as measured by the Consumer Price Index (CPI) is off its peak rate of rise but still high due to supply-side rigidities, Citigroup quoted Reserve Bank governor Raghuram Rajan saying so during an investor summit in Boston, USA, on Thursday.“Food inflation is a source of discomfort and given the sub-par monsoon this year, there is a need to keep an eye on it,” it quoted Rajan.The RBI ...
 Rediff.com1 month ago
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