Axis Bank on Wednesday said it has completed the acquisition of Citibank's retail business in India for a final cash consideration of Rs 11,603 crore. The sale excludes Citi's institutional client businesses in India. The third-largest private sector bank said the acquisition, announced first in March last year, will not necessitate any new capital requirements and stressed that the attrition numbers on customers are much better than expected.
Manchester United is no stranger to ownership tussles and the rough and tumble of financial markets.
Rajneesh Gupta lists all the important numbers from day two of the Oval Test.
Here are the lowest innings totals in Test cricket:
Citi Bank on Wednesday joined the list of foreign banks that have exited the retail banking business in India as the US-based banking giant announced selling its consumer banking portfolio to Axis Bank for an estimated Rs 12,325 crore. Global banking majors such as ANZ Grindlays, RBS, Commonwealth Bank of Australia have scaled down their operations in India. In a mega-deal announcement on Wednesday, Axis Bank and Citibank said their boards have approved acquisition of Citibank's consumer businesses in India by Axis Bank.
India's exports fell 5.12 per cent to $24.89 billion in October, after recording positive growth in September, on account of drop in shipments of petroleum products, gems and jewellery, leather and engineering goods, according to government data released on Friday. Trade deficit in October narrowed to $8.71 billion as against $11.75 billion in the corresponding month a year ago. Imports also fell 11.53 per cent to $33.6 billion (year-on-year) in October 2020.
American banking major Citibank on Thursday announced that it will exit from the consumer banking business in India as part of a global strategy. The business comprises credit cards, retail banking, home loans and wealth management.
The famous Arya Vaidya Sala Kottakkal (AVS), started essentially as a village clinic a century ago at Kottakkal in Malappuram district, flourished under him as a multi-unit, multi-disciplinary, multi-functional and multi-crore organisation.
In a series of tweets, Defence Minister Rajnath Singh said Prime Minister Narendra Modi has taken numerous measures in farmers' interest while taking inspiration from Charan Singh and that he will not allow any harm to them under any circumstances.
The bank posted a net profit of about Rs 2,300 crore.
Images from Day 5 of the second Test between England and New Zealand at Trent Bridge in Nottingham on Tuesday.
Immediately after his arrival in Riyadh, Prime Minister Narendra Modi on Saturday visited the Masmak fortress.
US bank Citigroup on Wednesday announced the sale of its Indian consumer banking businesses, including credit cards, retail banking, wealth management and consumer loans, to private lender Axis Bank for Rs 12,325 crore, as part of its plans to exit retail operations in 13 markets.
Australia's David Warner cracked a quick-fire century - his fastest at the Sydney Cricket Ground - against Pakistan, on Day 1 of the 3rd Test on Monday.
Following Iga Swiatek's victory over Coco Gauff in the final, here's a list of French Open women's singles champions:
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
List of French Open men's singles champions:
Rajneesh Gupta lists the West Indian players's T20 Internationals records updated after their T20 World Cup game against Sri Lanka.
Shikhar Dhawan became the first Indian player to score a century in Test cricket before lunch on the opening day, joining an esteemed list of former cricketers, including the legendary Don Bradman.
The scratchy, black-and-white footage is from a match against Burnley at their Turf Moor ground on December 6, 1902.
Statistical highlights of the Indian Premier League match between Rajasthan Royals and Kolkata Knight Riders.
South Africa fast bowler Dale Steyn took six for eight as Pakistan collapsed to their lowest test total of 49 on the second day of the first Test at the Wanderers on Saturday.
The unlocking of the economy since June led to a significant recovery in various macro, micro and high-frequency data points, resulting in the equity markets surpassing their previous lifetime highs.
Iconic American bike brand Indian is all set to take on Harley and the likes.
Indian rower Dattu Bhokanal Baban clocked 7:19.02 minutes to finish second in men's singles sculls semi-final C/D 2 and qualify for Final C at the Rio Olympics on Friday. Bhokanal, who is India's only qualifier in the rowing category, stayed ahead in the race all throughout before losing in the final second to Hungary's Bendeguz Molnar Petervari, who came up with a timing of 7:18.88 minutes.
All-rounder Abhishek Nayar hit an unbeaten 105 to help Mumbai clinch the first innings lead against Rajasthan and grab three valuable points in their drawn Group A Ranji Trophy match.
The series-opener against India will be a milestone Test for England as they will be taking the field for their 1000th five-day match, starting Wednesday at Edgbaston.
This was the ninth day in a row that the COVID-19 tally increased by more than 50,000.
Ansu Fati is the second-youngest player to represent the Catalan giants in La Liga aged 16 years and 298 days.
Australia narrowly avoided scoring the lowest ever Test total as they capitulated to 47 all out against South Africa following an extraordinary second day of the first Test on Thursday.
Check out the lowest totals in Ashes history after England bowled Australia out for 60 in the fourth Test at Trent Bridge on Thursday.
The gold reserves remained unchanged at $18.691 billion in the week.
Biden -- who bagged 253 seats as against Trump's 213 -- appeared to be nearing the magical figure of 270 of the 538 electoral college votes.
Why is China's supreme leader promoting Han Chauvinism so aggressively, asks Claude Arpi.
Arsenal's defence of the trophy ended with something of a whimper as Mikel Arteta's side struggled with repeatedly sloppy defending.
"The company plans big in three areas infrastructure, energy and aviation, but our main focus is to manufacture windmills and turbines," GE India President and CEO Tejpreet S Chopra told PTI. GE which installed first hydro power plant in 1902 presently has a headcount of 14,500 in India.
Brendon McCullum - playing his last Test match- produced a sensational display of stroke-play, blasting to the fastest hundred in Test cricket history. McCullum took 54 balls to reach the three-figure mark, two less than the previous record. Viv Richards and Misbah-ul-Haq held the previous record with 56-ball hundreds. In terms of time taken, McCullum's hundred in 78 minutes is the joint fourth fastest in Test cricket. Statistician Rajneesh Gupta glances at the records of the fastest hundreds in Test cricket:
India's off-spinner Ravichandran Ashwin not only raced to the fastest 150 scalps in Indian Test history but also became the first man in over 100 years to bag 50 wickets after opening the bowling during the first cricket Test against South Africa, in progress, on Friday, in Mohali.
China has not limited the 'battle' to the diplomatic field alone; the People's Liberation Army has become aggressive on the ground too. The recent 'fights' in Northern Sikkim and Ladakh are part of the pattern, asserts Claude Arpi.
A British court will review whether open air cremations are unlawful.
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