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WEF creates task force with Rajan to study global financial system

The task force will look at emerging markets, technology, regulatory and monetary policies, loss of trust in financial services, and financial inclusion.  The World Economic Forum (WEF) has......

Citi trims Sensex target; says investor faith turning fickle

Lowering its 2015-end Sensex target to 32,200 points, global brokerage Citigroup on Thursday said investors' faith in Indian markets is turning fickle amid a growing perception that the government......

Citi expects Sensex to hit 33,000 by Dec 2015

At a time when global markets and investors are bullish on India’s equity markets, global investment bank Citigroup has revised Sensex December 2015 target to 33,000 from 31,000. It has also......

Regulators fine global banks $3.4 bn in forex probe

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......

India likely to see 5.6% growth in investment, says Citigroup

Global investors believe that "besides Rio, India is the only party in town", says a research note by Citigroup, while adding that the country is likely to see a gradual investment-led upturn in......

FIFA scandal: Banks did not do enough, says global agency

Activists from advocacy group Avaaz demonstrate near the Hallenstadion, in Zurich. Photograph: Arnd Wiegmann/Reuters A global group of government anti-money-laundering agencies said that financial......

Questions arise about banks' role in FIFA bribery case

A raft of banks could face tough questions in the sweeping US crackdown on alleged corruption in global soccer as prosecutors review how much they knew about millions of dollars in bribes flowing......
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Idea Cellular raises Rs.3,500 crore towards reduction of net debt

New Delhi: Telecom major Idea Cellular has announced the successful closure of its qualified institutions placement, raising a sum of Rs. 3,500... ...
Virtusa's holding in Polaris crosses 92.8% after successful delisting offer

Citigroup Global Markets India was the lead manager for the delisting offer Last Updated at February 12, 2018 21:27 IST The reverse book building... ...
India's record share sales bring banks little cheer in the way of fees

Mumbai/Hong Kong: Funds raised in India through share sales reached the most in a decade this year thanks to booming stock markets, but the rush to... ...
Sensex Slumps 500 Points; mid-Caps, small-Caps fall most in over a year

PC Jeweller Off Day's Low, Still Down 17% Shares of the Delhi-based jeweller which fell as much as 60 percent came off day's low but were still... ...
Hong Kong eyes blockbuster China tech IPO queue, led by Xiaomi

HONG KONG: Hong Kong bankers are eyeing a slew of blockbuster IPOs from Chinese technology firms with a total market capitalisation of some $500... ...

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Coming to India and making

Success in manufacturing is not just about being cheap - cheap labour, cheap land, cheap power...
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