Citigroup Financial News

HUL while Citi has a buy rating. Jefferies recommends a hold on Havells India and Macquarie maintains an outperform rating on HUL.We have collated a list of recommendations from top brokerage firms from ETNow and other sources: UBS on HUL: Neutral| Target Rs 2860 UBS maintained a neutral rating on HUL with a target price of Rs 2860.

Ujjivan SFB. Goldman Sachs recommends a buy rating on HDFC Bank while Citigroup maintains a sell rating on Persistent Systems and ICICI Securities initiated a coverage on Craftsman Automation with a target of Rs 5557.We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Citigroup on Persistent Systems: Sell| Target Rs 3790 The Q2 is likely to remain soft compared to expectations. Persistent has performed well recently in the last 1 month.

Investing.com — European stock markets edged higher Friday, as investors digested better than expected French industrial production data at the end of a difficult week.

₹983-1,035 per share. At the upper end of the price band, RR Kabel aims to raise ₹1,964 crore from the IPO. The IPO comprises fresh issue of equity shares worth ₹180 crore and an offer for sale (OFS) of 1.72 crore equity shares worth ₹1,784 crore by the promoters and investors.

Woodside Energy will kick off seismic testing on Thursday for its delayed offshore Scarborough gas project, despite two ongoing legal actions filed in court challenging a regulator’s decision to approve the work.

Stocks rose for a fourth straight day as another batch of economic reports pointed to moderation, cementing bets the Federal Reserve is approaching the end of its interest-rate hikes.

Singapore are becoming embroiled in one of the city-state's largest money laundering cases involving over S$1 billion ($740 million) of assets. In charge sheets seen by Bloomberg News, some of the individuals who were arrested and charged this month held funds totally millions from unlicensed moneylending in China and illegal gambling in United Overseas Bank Ltd. and the local units of Citigroup Inc. and RHB Bank Bhd.

Citigroup Inc. will pay $2.9 million to settle Securities and Exchange Commission allegations that the bank’s broker had flawed processes in its accounting in underwriting of securities offerings.

inflation and shift focus toward a reduction in gasoline and diesel prices ahead of some major festivals and key elections, according to Citigroup Inc. The government’s decision to reduce liquefied petroleum gas could lower inflation by around 30 basis points, economists Samiran Chakraborty and Baqar M. Zaidi said in a note Wednesday.

Tiger Global, through its affiliate Internet Fund III Pte, has exited food delivery platform Zomato by selling its entire stake via bulk deals on Monday. Under the transaction, the US hedge fund has offloaded 12.3 crore shares or 1.47% stake in the company on BSE at Rs 91.01 apiece, earning about Rs 1,123 crore. Marquee funds, including Axis Mutual Fund, Goldman Sachs, Citigroup, Morgan Stanley Asia, and Societe Generale were among the buyers in the transaction. Meanwhile, another Russia-based fund Apoletto Asia has sold 3.19 crore shares in a separate deal on NSE, according to exchange data. Earlier, it was reported that Japanese tech giant SoftBank was likely to offload Zomato shares as the lock-in for the post-Blinkit deal ended on Friday. Zomato issued fresh equity shares to all the selling shareholders of Blinkit as consideration for the M&A last year.

(Reuters) -Klaviyo's revenue rose 51% for the recent quarter, the data and marketing automation company disclosed in its paperwork for a U.S. initial public offering (IPO) submitted on Friday.

Citigroup Inc. Chief Executive Officer Jane Fraser is weighing an overhaul of the firm’s most powerful committee of decision makers as she seeks to simplify the Wall Street giant. 

By Tatiana Bautzer and Saeed Azhar

Citigroup Inc. Chief Executive Jane Fraser is weighing a plan to break up the company’s biggest unit in a restructuring that would give her more power, the Financial Times reported, citing people familiar with the matter. 

Tata Motors subsidiary. Dalal Street spectators are eagerly expecting the start of the Tata Technologies IPO subscription date now that the market regulator SEBI (Securities and Exchange Board of India) has given the go-ahead to the company. The Tata Technologies IPO date is anticipated to take place at the end of August or in the middle of September 2023, according to stock market experts.

₹900.05 apiece on the BSE, as compared to the issue price of Rs 741 per share. Concord Biotech listing on NSE took place at ₹900.05 per share, a premium of 21.46 to the issue price. Concord Biotech IPO had received strong interest from investors as the public issue was subscribed by a robust 24.87 times in total during the IPO subscription period.

A fresh bout of US regulatory scrutiny is setting off a hiring spree at Goldman Sachs Group as the company’s leaders seek to remediate issues raised by banking supervisors.

BEIJING/SHANGHAI (Reuters) — A liquidity crisis at one of China's top asset managers Zhongzhi Enterprise Group has fuelled worries that the country's deepening property sector crisis is spilling over into its $57 trillion financial industry, even as the economy is weakening.

IPO listing date has been fixed as August 18. The initial public offering (IPO) of Rekha Jhunjhunwala-backed Concord Biotech received strong interest from investors as the public issue was subscribed by a robust 24.87 times in total during the IPO subscription period of August 4 to August 8. The Concord Biotech IPO allotment was finalised on August 11 and the shares are being credited to eligible investors’ demat account today, August 17.

Elon Musk might bid for the US steel as well. But there is no confirmation yet. U.S.

Check out the companies making headlines in midday trading.