Babej joined Citi in 2010 as co-head of the financial institutions group after having previously worked at Deutsche Bank and investment bank Lazard , according to the memo sent to staff by Citi global CEO Mike Corbat.
The initial momentum if sustained could push the index beyond 11,180, which would open room for the index to head towards 11,400-11,500
The most aggressive target price on Infosys was put out by Citigroup at Rs 820 that translates into an upside of little over 12 percent from July 12 closing
The European Commission said the banks formed two cartels to manipulate the spot foreign exchange market for 11 currencies, including the US dollar, the euro and the pound.
The Paytm First Card will offer 1 percent cashback on all transactions, unlike reward points offered by most rival credit cards in India.
Credit Suisse, Citigroup and Deutsche Bank raised their respective target price on the FMCG major to Rs 375, which translates into an upside of nearly 30 percent
The source said a deal had yet to be agreed, with Citi unlikely to offer the full asking price.
Nomura maintained its buy rating on RIL post Q3 results with a target price of Rs 1480 while CLSA maintained its buy rating on HDFC Bank Ltd post Q3 results and also raised its 12-month target price to Rs 2730.
Zee Entertainment enjoys the top spot in most of the brokerage house portfolios. CLSA, which has the most aggressive target of Rs 670, sees an upside of over 40% in stock
John C. Dugan, 63, a former bank regulator and former lawyer to the board who became a Citigroup director last year, will succeed Mike O'Neill on January 1, the company said. O'Neill recently reached the board's retirement age of 72 and was due to leave in April.
It is the latest bank to settle charges related to the manipulation of the London Interbank Offered Rate, better known as Libor
An IPO would follow a string of asset sales as Wanda works to meet debt repayment deadlines. It was one of several domestic conglomerates to be targeted by a government crackdown last year for aggressive overseas acquisitions, with sources saying banks were told to stop providing funding for some deals.
Besides Citigroup, other foreign banks hired by the People's Republic of China (PBOC), acting through the Ministry of Finance, for the issue are Deutsche Bank, HSBC, and Standard Chartered, the memo showed.
Citi had earlier said it would choose Frankfurt to become its hub for sales and trading in the EU and move "a couple of hundred" jobs outside of London after Brexit. Citi's European base move was reported on Monday by Sky News.
According to bulk deal data available with National Stock Exchange (NSE), Citigroup Global Markets Mauritius Pvt Ltd sold a total of 37,79,753 shares of Petronet.
JPMorgan which has an overweight rating in Tata Motors and a March 2018 target price of Rs570 said that the funds from Tata Technologies could be used to partly pare down parent company debt of USD 2.9 billion
The other bankers who have been selected by the Department of Investment and Public Asset Management (DIPAM) for managing the stake sale are Deutsche Equities, SBI Capital Markets and ICICI Securities, sources said.
The company reported 6.8 percent quarter-on-quarter (QoQ) fall in the net profit to Rs 3,720 crore for the quarter ended March 31.
Amid regulatory headwinds from the USFDA and pricing pressure back in India, Jhunjhunwala asked about growing consolidation on the buying side in the industry and can it also extend towards sell side consolidation.
The life insurance arm of top Indian lender State Bank of India will hire five local banks - Axis Capital, ICICI Securities, JM Financial, Kotak and SBI Capital Markets -IFR, a Thomson Reuters publication, said.
Tencent, which had an original target of about $2 billion for the loan, inked the deal on March 24 following commitments from a dozen banks, Thomson Reuters publication Basis Point reported, citing sources.
The market is currently driven by global liquidity and it would be too early for investors to take money off the table, Apabhai of Citigroup has said. Yes, valuations do look extreme but investors should not worry about that too much and enjoy the liquidity party for a month of two.
Citigroup Inc on Friday said that U.S. government and regulatory agencies are investigating the bank's hiring practices.
According to global financial services major Citigroup, the RBI's timing remains uncertain, but the possibility of a 25 bps rate cut is high in the near-term.
Kingdom Holding Co, which owns a 34 percent stake in the airline, said flynas has finalised the "deal with Airbus for the purchase of new aircraft." The statement gave no details of the number or type of planes that flynas will acquire.