JM Financial up as shareholders approve share issue to Vikram ...

Vikram Pandit's stake purchase in Nimesh Kampani-controlled firm has increased chances of it securing

Pandit, along with his Morgan Stanley colleague and hedge fund mate Hari Aiyar, will together invest nearly $210 million in Kampani-led JM Financial, the holding company, and its two arms, a distressed asset fund, and a non-banking financial services firm.

When Vikram Pandit was abruptly ousted as Citigroup Inc's chief executive, employees speculated for weeks about who would follow him out the door. When Vikram Pandit was abruptly ousted as Citigroup Inc's chief executive late last year, senior bank employees ...

It remains to be seen how Pandit, who is credited with steering Citi out of its darkest days, plans on making lives better for millions of Indians through financial inclusion without actually getting his hands dirty.

Betting is illegal in India, but Indians are compulsive gamblers, willing to wager thousands of crores on anything from the outcome of cricket matches. BANGALORE: Just before an IPL match, Jeevan Narayan, 19, a first-year electrical engineering student at RV ...

BSE Sensex opened flat on the final trading day of this week. JM Financial surged close to 7 percent in the opening bell after the former chief executive officer of Citigroup Inc Vikram Pandit and Hari Aiyar announced to buy 1.5 percent stake each in JM ...

Vikram Pandit abruptly stepped down as CEO of Citigroup in October 2012, surprising Wall Street, after steering the bank through the 2008 financial crisis and the choppy years that followed. Mr Pandit will also relinquish his seat on Citi's board of ...

Shares in JM Financial soared by 15 per cent in trade today, following reports of a stake by former Citi boss Vikram Pandit picking a stake in the company. At its board meeting on Thursday, JM Financial also approved a proposal to apply for a banking license ...

(M&A Navigator via COMTEX News Network) -- 17 May 2013 - Vikram Pandit, the former chief executive of Citigroup Inc (NYSE:C), will acquire a stake in JM Financial Limited (BOM:523405) and participate in several new initiatives planned by the Indian ...