Besides, the Vikram Pandit-led bank has hinted at further job cuts in the coming days, after already having cut down or announced plans to bring down its workforce to below 3,00,000 employees from more than 3,75,000 at the end of 2007. In an internal mail to all its employees in the US, Citi's human resources head Paul McKinnon said on Monday that it would eliminate some 'supplemental severance payment' for the employees with 10 or more years of service.
Those who are responsible for the present mess are in charge of the clean-up.
Replacing Pandit-- an enthusiastic defender of the company's existing mix of businesses -- is one of the options being considered by Citi executives, along side selling all or part of the company, a public endorsement from the government or a new financial lifeline to stabilise the banking behemoth, after its shares took a sharp plunge this week.
Enjoying the backing of the regulator, Gill has identified the core problems, ring-fenced the banks from "influencers" and is in the process of building a new team. Now, he needs to play a Vikram Pandit for YES Bank, says Tamal Bandyopadhyay.
After Chandrayaan-3 touched down on the Moon, the Congress on Wednesday said it is a collective success of every Indian and ISRO's achievement reflects a saga of continuity and is truly fantastic.
Choona is too slow, has redundant characters and needless complications, observes Deepa Gahlot.
During the day-long debate, the lines between science and religion often got blurred with many invoking religious texts and the contribution of 'rishi munis' to highlight India's tryst with the extra-terrestrial world.
Rather than basing it on movie reviews, IMDb determines this list based on page views.
The summer saw its fair share of hits at the box office. Now, the monsoon has quite a few movie releases from across genres.
'He had a unique kashish in his voice which attracted the youth to hear him more and more.'
A career Citibanker, 'Selva' came into the spotlight as the person who rewired the financial behemoth's Indian retail operations.
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This means individuals like Vikram Pandit, former Citibank chief, can be a promoter only if he comes back to the country permanently.
Aseem Chhabra lists his favorite 2023 films -- a healthy blend of Bollywood, Hindi indies and some of the best work that is being done in Tamil, Malayalam, Kannada and Bengali cinema.
Many films and shows go back in time to bring alive so many fading and forgotten memories.
Deepa Gahlot lists 10 gangster thrillers on OTT for those who have the stomach for gaalis and gore.
Vishal Kampani has big shoes to fill as his father is close to the Ambanis, the Wadias and the Ruias, says Dev Chatterjee.
Raghuram Rajan has appointed him as head of several committees soon after taking charge.
There is a dearth of talent in the Indian banking industry. A testimony to this is the two new CEOs in the private sector -- Sandeep Bakhshi in ICICI Bank Ltd and Amitabh Chaudhry in AXIS Bank Ltd -- have come from the insurance sector, says Tamal Bandyopadhyay.
If what Citi CEO Vikram Pandit is suggesting is true, namely that the bank is seeing a turnaround in its fortunes, there cannot be better news for the US' battered financial markets. After all, Citigroup is still a huge institution and if it can be put back on the rails, then there's hope for many others, says Shobhana Subramanian.
Vishal Kampani said one of the important lessons he learnt from his father was to be humble.
'When it comes to interpretation of history, you can disagree with him, but at least allow the film to release.' 'By asking for a ban, you are creating an atmosphere where nobody will attempt films on Indian history.'
Licence winners are expected to be announced by the first quarter of 2014.
The film's mechanics and motivations are laughable, says Raja Sen.
'Then, one fine morning, I returned to my first love.' 'All the top directors of the time were waiting for me.' 'In one day, I signed 12 films.' 'Prosenjit Chatterjee was back!'
Which films are you looking forward?
This is the meatiest role of Sidharth Malhotra's career and the man sure enough gives it his all. There's charm, swagger, warmth, empathy, verve, authority -- a lively portrait of a lion, a legend, applauds Sukanya Verma.
The list of contenders for this job include Vikram S Pandit, currently Citigroup's investment banking head and a former Morgan Stanley investment banker, and Shaukat Aziz, formerly the bank's global private banking business head and most recently the prime minister of Pakistan, according to various media reports.
Who are the Bollywood actors making their debut on OTT platforms, the go-to form of entertainment during the lockdown?
'During this dry despondent period I understood that I needed to do something extraordinary to get the focus of people on me and my music.' 'I worked and worked and composed Munni badnaam hui.'
Gowri Ramnarayan explores the world of Kalki Krishnamurthy whose magnificent novel Ponniyin Selvan has inspired Mani Ratnam's latest film PS I.
'India is the largest stomping ground in the world for impact investing as we have an extraordinary combination of entrepreneurial drive with huge, absolute demand for all kinds of social services,' IDFC First Bank's chief Rajiv Lall tells Anjuli Bhargava.
There's a certain amount of drama to the profession. Sample these taglines: 'We can see the unseen'; 'I can plant my detective in your guest bedroom.' One agency has even ensured that all its phone numbers end in '007'.
Act says remuneration to directors and key managerial personnel should involve a balance between fixed and incentive pay.
The parties never end in Bollywood!
Branded residencies, designer-stamped homes have a snob value and are sold at a high premium, to willing buyers
What matters is the culture and the atmosphere of the workplace, and whether employees get treated fairly. 'It is also important for the employee to feel s/he is part of a winning team,' Credit Suisse's Mickey Doshi tells Niraj Bhatt.
'Deeply flawed, Sacred Games and Mirzapur come nowhere close to representing the diversity of stories from this country,' says Vikram Johri.
Cinema owners association bans films starring Pakistani actors.
The real achievement of the film, which is now available worldwide on Netflix, is that it resists the temptations of the genre.
