Citi ordered to pay $770 mn over credit card practices
Jul 22, 2015 at 17:29 | Source:
Citigroup Inc's consumer bank has been ordered to pay $700 million in relief to borrowers for illegal credit card practices, the US Consumer Financial Protection Bureau said.The CFPB, set up under the 2010 Dodd-Frank Act aimed at reforming Wall Stree...
IndiGo lines up Rs 2,500-crore IPO; files papers with Sebi
Jun 30, 2015 at 17:36 | Source:
Top no-frills carrier IndiGo today approached capital markets regulator Sebi with Initial Public Offer (IPO) plans to raise an estimated Rs 2,500 crore from the public investors.InterGlobe Aviation Limited, which runs the country's biggest airline by...
Cafe Coffee Day files for $181 million IPO| Reuters
Jun 26, 2015 at 23:30 | Source:
MUMBAI The firm behind Cafe Coffee Day, India's biggest homegrown coffee chain, has filed a draft prospectus with regulators for an initial public offering (IPO) to raise as much as 11.5 billion rupees ($181 million).Kotak Mahindra Bank, Morgan Stanl...
IndiGo to file prospectus for $400 mn float next week: sources
Jun 26, 2015 at 21:36 | Source:
Singapore/Mumbai: India's biggest airline IndiGo is set to file the prospectus next week for a domestic stock market listing, expected to raise as much as $400 million, three sources with knowledge of the matter said.IndiGo, owned by hospitality and ...
Coffee Day Enterprises files for IPO to raise Rs 1,150 cr
Jun 26, 2015 at 20:32 | Source:
New Delhi: Leading coffee shop chain operator Coffee Day Enterprises has filed its papers with regulator Sebi for an Initial Public Offer (IPO) to raise an estimated Rs 1,150 crore.The company, which runs the country's biggest coffee chain under the ...
Citigroup pegs India's GDP growth at 7.9% in FY15
Jun 11, 2015 at 16:21 | Source:
New Delhi: India's GDP growth is likely to revive to 7.9 per cent in the current financial year and then further up to 8.1 percent in 2016-17, driven by structural reforms and cyclical easing of the monetary policy, says a Citigroup report.According ...
Wall Street set to open higher, helped by China market rally| Reuters
Jun 02, 2015 at 02:15 | Source:
REUTERS - Wall Street was set to open higher on the first day of the month, helped by an almost five percent rally in Chinese stock markets and ahead of a string of domestic economic data.Chinese stock markets rose strongly after last week's sell off...
U.S. stocks choppy in early trade on mixed economic data| Reuters
Jun 01, 2015 at 23:30 | Source:
REUTERS - U.S. stocks were choppy in early trading, giving up their gains from a strong opening, as investors digested a slew of data that sent a mixed picture on the pace of the economy's recovery.Data from ISM showed the pace of manufacturing growt...
Reliance Industries sells 49.9% stake in US joint venture for $1.07 bn
Jun 01, 2015 at 20:34 | Source:
New Delhi: Reliance Industries has sold its 49.9 percent stake in a US joint venture that owns a pipeline network for transportation of shale oil and gas, to New York-listed Enterprise Products Partners for $1.07 billion.RIL and its partner Pioneer N...
U.S. cable operator Charter to buy Time Warner Cable for $56 bln| Reuters
May 26, 2015 at 23:45 | Source:
Charter Communications Inc, the No. 3 cable TV operator, offered to buy No. 2 Time Warner Cable Inc for $56 billion on Tuesday but immediately ran into questions about whether regulators would agree to the combined company, which would control a big ...
Sensex ends flat, market cautious on Q4 earning numbers
May 21, 2015 at 19:50 | Source:
Mumbai: The benchmark BSE Sensex today settled marginally lower by 28 points at 27,809.35 as market remained cautious on concerns over poor quarterly earnings despite prevailing rate cut hopes.Participants were guarded ahead of corporate earning numb...
Global banks admit guilt in forex probe, fined nearly $6 billion| Reuters
May 21, 2015 at 02:15 | Source:
NEW YORK/LONDON Four major banks pleaded guilty on Wednesday to trying to manipulate foreign exchange rates and, with two others, were fined nearly $6 billion in another settlement in a global probe into the $5 trillion-a-day market.Citigroup Inc (C....
Major banks admit guilt in forex probe, fined $6 bln| Reuters
May 21, 2015 at 00:30 | Source:
NEW YORK/LONDON/ZURICH Four major banks agreed to plead guilty on Wednesday to trying to manipulate foreign exchange rates and six were fined nearly $6 billion in yet another settlement in a global probe into the $5-trillion-a-day market.Authorities ...