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India's economic growth likely to be 5.6% in FY15: Citigroup

Last Updated: Sunday, November 30, 2014, 12:46

According to the global financial services major, the reform momentum post the assembly polls, improving liquidity conditions paint a bullish picture of the Indian economy.

SUUTI appoints 3 merchant bankers for its stake sale in Axis

Last Updated: Tuesday, January 21, 2014, 18:09

The share sale will take place through block trade, they added.

JPMorgan, Citigroup picked for Axis Bank stake sale: Sources

Last Updated: Tuesday, January 21, 2014, 16:08

India has chosen JPMorgan Chase & Co, Citigroup Inc and JM Financial Ltd to help sell half of the government`s stake in Axis Bank Ltd valued at USD 925 million, said three people involved in the process.

Citigroup earnings rise, miss expectations

Last Updated: Thursday, January 16, 2014, 21:36

Fourth-quarter profits came in at USD 2.7 billion on revenues of USD 17.8 billion, up from USD 1.2 billion on revenues of USD 17.9 billion.

FY14 trade deficit to be $156 bn; CAD at $42 bn: Citigroup

Last Updated: Monday, January 13, 2014, 17:00

India's trade deficit for the current financial year is likely to be contained at USD 156 billion, resulting in the current account deficit coming in at USD 42 billion, Citigroup said.

India faces 'slow recovery year' in 2014: Citigroup

Last Updated: Thursday, January 9, 2014, 15:29

The year 2014 is likely to be a "slow recovery year" for India, with economic growth rising, inflation easing and currency and rates largely stable, Citigroup said.

India may see better growth: Citigroup

Last Updated: Tuesday, December 17, 2013, 22:56

"The key takeaway was that, in contrast to trends in June/July, (about) 70 percent of investors felt that India was in a better position to face the 'actual' taper," it said.

EU fines 6 major banks $2.3 bn for rate-rigging

Last Updated: Wednesday, December 4, 2013, 18:32

The European Union imposed a record 1.7 billion euros (USD 2.3 billion) in fines on six institutions on Wednesday for rigging key interest rates that affect vast sums of money around the world.

Indian-American, Neeraj Sahai, appointed president of S&P Ratings Services

Last Updated: Tuesday, November 26, 2013, 14:14

A top Indian-American executive at Citigroup has been appointed president of Standard & Poor's Ratings Services, the world's largest ratings firm.

Pfizer, Wyeth to merge under single brand

Last Updated: Saturday, November 23, 2013, 20:02

The Board of Directors of Pfizer Ltd and Wyeth Ltd, in their respective meetings today, approved a proposal to merge Wyeth India with Pfizer India, Pfizer said in a statement.

US investigates Barclays, RBS, Citigroup for currency trade

Last Updated: Friday, November 15, 2013, 18:31

US federal authorities are investigating activities of traders at major global banks suspected of forming cartels and altering the price of foreign currencies, a manipulation dubbed as "just the tip of the iceberg," according to a media report.

Goldman Sachs discloses foreign exchange probe

Last Updated: Thursday, November 7, 2013, 22:13

Goldman Sachs Thursday said its currency trading was being probed by regulators, joining a list of large financial institutions that have disclosed foreign exchange investigations in recent days.