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Pandit pie in realty firm

Nov 22, 2014 at 08:07 | Source: Calcutta Telegraph News

Mumbai, Nov. 21: A global fund led by former chief executive of Citigroup Vikram Pandit has invested Rs 540 crore in FICS Consultancy Services, the real estate lending arm of JM Financial. Pandit has also joined the board of FICS as a non-executive ...

Vikram Pandit's fund picks 50% stake in JM Financial's realty lending arm for $87M

Nov 21, 2014 at 16:00 | Source: VC Circle

A fund managed by former chief of banking giant Citigroup, Vikram Pandit, along with former Old Lane Hedge Fund partner Hari Aiyar (former chairman and CEO of Old Lane India), has picked up an effective 50 per cent stake in the real estate lending ar...

JM Financial Subsidiary Gets $87 Million From Vikram Pandit-Led Fund

Nov 21, 2014 at 00:00 | Source: NDTV Profit

Mumbai: JM Financial Ltd said it had received an investment of Rs 540 crore ($87 million) in its real estate-lending subsidiary from a global fund led by former Citigroup chief executive Vikram Pandit. JM Financial also injected another Rs 360 crore ...

HPCL, BPCL Gain; Citi Raises Target Price

Nov 19, 2014 at 12:00 | Source: NDTV Profit

Shares in oil marketing companies Bharat Petroleum Corporation and Hindustan Petroleum Corporation gained over 2 per cent on Wednesday. Citigroup has upgraded Hindustan Petroleum Corp to buy from neutral and has raised price target to Rs 710 from&...

Arun Jaitley 'Impresses' Citigroup with Reform Perspective

Nov 18, 2014 at 11:59 | Source: NDTV Profit

Citigroup hosted Finance Minister Arun Jaitley at an investor interaction recently. Outlining his perspective on reform, Mr Jaitley said, "Many small steps often make a bigger bang than the so-called big bang reforms". The finance m...

Arun Jaitley 'Impresses Citigroup with Reform Perspective

Nov 18, 2014 at 10:00 | Source: NDTV Profit

Citigroup hosted Finance Minister Arun Jaitley at an investor interaction recently. Outlining his perspective on reform, Mr Jaitley said, "Many small steps often make a bigger bang than the so-called big bang reforms". The finance m...

Six banks fined £2.6bn by regulators over forex failings

Nov 17, 2014 at 20:51 | Source: BBC

Six banks have been collectively fined £2.6bn by UK and US regulators over their traders' attempted manipulation of foreign exchange rates. HSBC, Royal Bank of Scotland, Swiss bank UBS and US banks JP Morgan Chase, Citibank and Bank of America ...

China's Alibaba eyes first bond sale after record listing

Nov 14, 2014 at 11:52 | Source: BBC

Chinese e-commerce giant Alibaba is set to meet with investors next week as it considers issuing its first US bond sale. The tech giant has hired Morgan Stanley, Citigroup, Deutsche Bank and JP Morgan to manage the sale. Alibaba would offer dollar-de...

India Flow Tide Has Turned Decisively: Citi Research

Nov 13, 2014 at 12:00 | Source: NDTV Profit

India flow tide has turned decisively, said Citi Research, a unit of Citigroup Global Markets Inc. "It's high, rising and could well have a long way to go," it said. Citi Research said retail inflows in mutual funds of $6 bi...

Regulators Fine Global Banks $3.4 Billion in Forex Probe

Nov 12, 2014 at 15:59 | Source: NDTV Profit

London/Zurich: Global regulators imposed penalties totalling $3.4 billion on five major banks, including UBS, HSBC and Citigroup on Wednesday for failing to stop their traders from trying to manipulate foreign exchange markets. Royal Bank of Scotland...

SMBC Takes Lead in Pursuit of Citigroup Japan Ops

Nov 09, 2014 at 12:01 | Source: Wall Street Journal

A security guard walks out from a building housing a Citibank branch in Tokyo in this Feb. 3, 2009 file photo. Reuters. By. Atsuko Fukase. Atsuko Fukase. The Wall Street Journal. CANCEL. BiographyAtsuko Fukase · atsuko.fukase@wsj.com &...

JP Morgan faces US currency trading probe

Nov 07, 2014 at 12:42 | Source: BBC

JP Morgan Chase, the largest bank in the US, has revealed it is under investigation over currency trading. The firm said the US Department of Justice (DoJ) had launched a criminal investigation, while other regulators are running civil investigations...

Bank of America adjusts results due to legal costs

Nov 07, 2014 at 12:42 | Source: BBC

Bank of America has set aside $400m (£253m) due to rising litigation costs associated with a probe into foreign currency manipulation at the bank. That more than tripled the size of its previously-reported third-quarter loss to $232m from $70m. The ...

Govt to begin road-shows for ONGC disinvestment soon

Nov 06, 2014 at 20:00 | Source: VC Circle

Citigroup, HSBC Securities, UBS Securities, ICICI Securities and Kotak Mahindra Capital are managing the sale. The government will begin roadshows to attract investors to the planned 5 per cent stake sale in Oil and Natural Gas Corp (ONGC) from&n...

Citigroup sets aside another $600m to cover legal costs

Oct 31, 2014 at 12:22 | Source: BBC

Investment bank Citigroup is setting aside an extra $600m to cover legal expenses due to rapidly evolving regulatory inquiries . The money relates to likely settlement of claims that Citigroup manipulated the foreign exchange market. On Thursday, Bar...

Fiat Chrysler to spin off Ferrari into separate unit

Oct 29, 2014 at 22:12 | Source: BBC

Fiat Chrysler Automobiles (FCA) plans to spin off Ferrari and sell a 10% stake in the luxury carmaker on the stock market. The remaining Ferrari shares would be distributed among FCA shareholders. The carmaker wants to complete the spin-off next year...

Citigroup Bets ECB Deploys QE as Morgan Stanley Sees Odds at 40%

Oct 24, 2014 at 16:00 | Source: Bloomberg

If the European Central Bank's Governing Council can't agree about buying sovereign bonds, it's hard to blame economists for failing to agree on whether it ever will. A split is thus as evident among ECB-watchers as it is betw...

Review: Tapping away with Apple Pay; retailers are key to wide acceptance

Oct 21, 2014 at 16:01 | Source: Business Week

Key things to know about Apple Pay: What you need, where to use it, and is it safe? Video: Citigroup Beats Estimates, Profits Rise 6.6% · Video: Christie Approval Rating Hits Record Low · Video: Heathrow Begins Ebola Screening T...

Citi Pulls Out of Consumer Banking in 11 Countries, Profit Jumps

Oct 15, 2014 at 08:00 | Source: NDTV Profit

Citigroup Inc said it is pulling out of consumer banking in 11 markets, including Japan and Egypt, as the US bank with the biggest international business looks to cut persistently high costs. The third-largest US bank, built with a series of ...

Wall Street Rises After Three-day Slump

Oct 14, 2014 at 22:00 | Source: NDTV Profit

NewYork: US stocks were higher on Tuesday after the S&P 500's worst three-day drop since November 2011 as bullish investors hoped solid earnings would allay global growth concerns. Citigroup, up 3.2 per cent to $51.48, was the biggest...

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