Citigroup

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Citigroup - Total results - 124
Mahanagar Gas' Rs 1,040 cr IPO starts Tuesday, price band fixed at Rs 380-421/sh
Business

Mahanagar Gas' Rs 1,040 cr IPO starts Tuesday, price band fixed at Rs 380-421/sh

The company, promoted by state-run GAIL and British Gas Asia Pacific Holdings Pte Ltd, is making an offer for sale of up to 24,694,500 equity shares of Rs 10 each.

Latest threat to online lenders: 'Stacking' of multiple loans
Biztech

Latest threat to online lenders: 'Stacking' of multiple loans

Many online lenders have failed to detect the “stacking” of multiple loans by borrowers who slip through their automated underwriting systems.

Verizon launches auction to sell data centers: Sources
News & Analysis

Verizon launches auction to sell data centers: Sources

Verizon Communications Inc has started a process to sell its data center assets, hoping to fetch more than $2.5 billion, people familiar with the matter said

Citigroup raises holding in L&T Finance to 7.56% for around Rs 208 cr
Business

Citigroup raises holding in L&T Finance to 7.56% for around Rs 208 cr

Citigroup has increased its stake in L&T Finance Holdings from 5.74 percent to 7.56 percent

Alkem, Dr Lal IPOs attract bids worth a whopping Rs 81,000 crore
Business

Alkem, Dr Lal IPOs attract bids worth a whopping Rs 81,000 crore

Alkem Lab generated demand worth about Rs 59,000 crore, while Dr Lal generated received bids worth Rs 21,000 crore

Pay hike: Experts warn on deficit but govt confident of targets
Business

Pay hike: Experts warn on deficit but govt confident of targets

Fitch said the planned wage increase is "sufficient to add substantive challenges to achieving the planned medium-term consolidation targets".

Bihar poll results: Fears of derailment of reform agenda may be 'exaggerated'
Business

Bihar poll results: Fears of derailment of reform agenda may be 'exaggerated'

According to Bank of America Merrill Lynch reforms will continue to be "calibrated", especially after the Bihar poll result, and this may disappoint some segments of the markets.

Selling hot: Coffee Day Enterprises Rs 1,150 cr IPO over-subscribed on close
Business

Selling hot: Coffee Day Enterprises Rs 1,150 cr IPO over-subscribed on close

Siddhartha, the main promoter as well as chairman and MD, holds 54.78 percent stake in Coffee Day.

Indian Oil share sale begins amid bloodbath in market
Business

Indian Oil share sale begins amid bloodbath in market

The IOC stake sale will, however, dwarf in front of Rs 22,557 crore that the government raised through a stake sale in Coal India Ltd last year.

Govt to sell 10% stake in IOC to raise Rs 9,500 cr on Monday
Business

Govt to sell 10% stake in IOC to raise Rs 9,500 cr on Monday

The IOC stake sale will, however, dwarf in front of Rs 22,557 crore that the government raised through a stake sale in Coal India Ltd last year.

Sebi seeks fresh clarifications on IndiGo's Rs 2,500 cr IPO
Business

Sebi seeks fresh clarifications on IndiGo's Rs 2,500 cr IPO

Sebi had earlier this month also sought clarification from InterGlobe Aviation, which runs the country's biggest airline by market share under IndiGo brand.

IndiGo to file prospectus for $400 mn float next week: sources
Business

IndiGo to file prospectus for $400 mn float next week: sources

IndiGo has picked Citigroup, Kotak Investment Banking, Morgan Stanley and JP Morgan Chase as lead managers for the listing, as well as UBS and Barclays, two of the sources said.

Citigroup pegs India's GDP growth at 7.9% in FY15
Economy

Citigroup pegs India's GDP growth at 7.9% in FY15

According to the global financial services major, investment and consumption uptick is likely to result in a growth pick-up from 7.3 percent in 2014-15.

 RBI likely to cut policy rates by 0.25% on 2 June, says Citigroup
Economy

RBI likely to cut policy rates by 0.25% on 2 June, says Citigroup

According to the global financial services major, there is a strong case for 25 basis points (bps) cut in interest rates, especially since macroeconomic data such as PMI and IIP, non-oil exports and credit growth has not been encouraging.

Late to the party, global banks try to muscle into India's start-up boom
News & Analysis

Late to the party, global banks try to muscle into India's start-up boom

Global investment banks are scrambling to get a piece of the action from India's booming technology start-ups, having missed out on the initial flurry of deal-making to their better-connected but much smaller domestic rivals.

Costs are down: Citigroup reports highest quarterly profit in nearly eight years
Corporate

Costs are down: Citigroup reports highest quarterly profit in nearly eight years

Citigroup reported its highest quarterly profit in nearly eight years as costs plunged, showing that the bank's efforts to streamline its business may be starting to pay off.

Cafe Coffee Day April IPO by likely to fetch $1 bn
Business

Cafe Coffee Day April IPO by likely to fetch $1 bn

Jubilant shares are up 20 percent this year and trade at a forward price-to-earnings ratio of 62.5 times, nearly 4 times the average across the Nifty.

RBI may cut rates by another 50 bps in H1 2015, say experts
Business

RBI may cut rates by another 50 bps in H1 2015, say experts

Slowdown in inflation has given room for RBI cut policy rates by 50 basis points in the first half of this year, experts believe.

Reliance Industries raises $1 bn via 10-year bond issue
Business

Reliance Industries raises $1 bn via 10-year bond issue

This is the "lowest coupon ever achieved by an Asia ex Japan corporate issuer in the BBB category for a 10 year issuance with a size of $1 billion or more" the company said in a statement.