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Axis Bank set to buy Citi's India consumer business

Private sector lender Axis Bank is close to acquiring Citigroup's retail banking business in India and a deal is likely to be announced soon, sources said on Wednesday. Photograph: Anindito......

LIC mega IPO to hit the market in March, draft prospectus next week

The government is likely to file draft papers for the mega initial public offering of LIC with market regulator Sebi by next week, while a portion of the issue would be reserved for anchor......

LIC IPO to hit markets by March

The government will launch the mega public offer of LIC by March and file draft papers with market regulator Sebi by the end of this month, an official said. Finance Minister Nirmala Sitharaman......

RIL raises $4 bn in India's largest-ever foreign currency bonds issue

Reliance Industries Ltd, the nation's most valuable company, on Thursday said it has raised $4 billion (around Rs 30,000 crore) in debt through the largest ever foreign currency bond issuance by an......

Time For RBI To Change Penalty Rules

Penalty must act as a deterrent.If it is too low, it could encourage the regulated entities to lap up penalty instead of complying with the norms, suggests Tamal Bandyopadhyay. Photograph: PTI......

What's at stake if Olympics fall victim to coronavirus

The chilling impact of the coronavirus on an already struggling Japanese economy, and on global growth if the spread did not peak, meant Japan's GDP could show zero or even negative growth in the......

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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