Citigroup Financial News

27.05 / 11:41

markets Citi Citigroup WhatsApp information Vedanta said to weigh $1 billion share sale as soon as June

Indian commodities tycoon Anil Agarwal’s Vedanta Ltd. is considering a share sale as soon as the coming weeks that could raise as much as 85 billion rupees ($1 billion), people with knowledge of the matter said. Vedanta is working with advisers including Axis Bank Ltd. subsidiary Axis Capital and Citigroup Inc. on the offering, the people said. It has started gauging interest from potential investors including Middle Eastern funds, according to the people, who asked not to be identified because the information is private.

25.05 / 20:19

UPS Citi FIVE Citigroup reports Interviews Citi, HSBC, Barclays amp up back-to-office pressure

Citigroup Inc., HSBC Holdings Plc and Barclays Plc are ordering more staffers to report to company offices five days a week as regulatory changes make it trickier for Wall Street to allow working from home.

25.05 / 04:05

Google Citigroup Porsche Election Highways Death Headlines Top Events of the Week: Pune Porsche crash arrest, Lok Sabha elections 2024, Nifty all time high and more

Top Events this week: This week was marked by significant events across various sectors. In Pune, a tragic car crash involving a juvenile driver led to the arrest of his father, while a bus accident on the Ambala-Delhi National Highway claimed seven lives. Legal troubles arose in Delhi as Chief Minister Arvind Kejriwal’s personal secretary faced judicial custody.

23.05 / 15:03

UPS Platform Citigroup Trade reports Schwab to offer alternative investments for qualified investors

Charles Schwab Corp. is planning to roll out an alternative investments platform in phases for individual investors this year.

22.05 / 07:47

markets BLOCK CEO Citigroup Trade Investigations Citigroup Global Markets fined by FCA and PRA over $1.4bn trading error

Following two parallel investigations, the investment bank has been fined a total of £61.6m, including a £27.8m penalty from the FCA and a £33.9m fine from the PRA. In a statement, the FCA said it had found that failures in the firm's systems and controls led to $1.4bn of equities being sold in European markets when they should not have been. Ex-Barclays CEO James Staley fined and banned by FCA over ties to Jeffrey Epstein On 2 May 2022, a CGML trader intended to sell a $58m basket of equities but mistakenly created a $444bn order. While the firm's controls blocked $255bn of the ba...

21.05 / 05:11

Target Citigroup WhatsApp Opinion Experts reports recommendations Hot Stocks: Brokerage view on Phoenix Mills, Anupam Rasayan; CLSA downgrades Delhivery

We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on Delhivery: Underperform| Target Rs 488 CLSA downgraded Delhivery to underperform from buy earlier post-Q4 results and slashed the target price to Rs 488 from Rs 600 earlier.

21.05 / 03:19

markets IPO FIVE Compilation security Citigroup Election Big IPOs seen making a comeback as stock boom continues

India may soon be followed by larger deals, broadening options for global investors looking to join the nation’s equities frenzy. Citigroup Inc., the top arranger of equity offerings in India this year, sees four to five IPOs of at least $1 billion each over the next year. At least 10 companies are weighing offerings of more than $100 million, according to data compiled by Bloomberg.

18.05 / 04:15

UPS Citi Career Citigroup Inside reports Hedge fund Jain Global's latest hire spent most of his career at Citigroup

Jain Global, the hedge fund founded by Bobby Jain, the former co-chief investment officer at Millennium, is finally launching in July.

18.05 / 04:15

UPS Citi JPMorgan Citigroup wellness Universities Morning Coffee: Citi exec who fired 5,000 bankers is gone herself. JPMorgan's new approach to graduate recruitment

It’s always a question worth asking yourself when you take on a project with a defined end date or completion condition – what’s my endgame here? When I finish the project, what will happen to me? There are all too many sad stories of bankers who worked allhours to achieve a goal, then found out that once the thing was done, they weren’t needed any more. Conversely, there are plenty of cases where getting a deal across the line created so much tension and bad blood that it was impossible for the executives involved to go on working together.

18.05 / 04:15

UPS Citi FIVE CEO Strategy Citigroup Now Citi's managing directors are being deprived of their executive assistants

It's a new era at Citigroup. Five layers of unnecessary management have been cut, and so too — as of today — have surplus executive assistants.

15.05 / 04:43

markets IPO Booking security Citigroup wellness band Aadhar Housing Finance IPO listing: Stock makes muted debut, lists at ₹315 on NSE, same as IPO price

₹315 on NSE, same as its issue price. Meanwhile, on BSE, the stock listed at ₹314.30, a discount of 0.22 percent. The ₹3,000 crore initial public offering (IPO) of Aadhar Housing Finance was open for subscription between May 8, 2024 - May 10, 2024, with a price band in the range of ₹300-315.

14.05 / 04:55

markets Provident Target Citigroup Election Food wellness RBI Monetary Policy: India’s sticky inflation gives RBI reason to stay on hold

inflation and the threat of rising food prices will probably keep the central bank on hold for longer, with economists pushing out their expectations for interest rate cuts to later in the year. Consumer prices rose 4.83% in April from a year earlier, the Statistics Ministry said Monday, largely in line with the previous month’s figures and economists’ forecasts.

14.05 / 03:06

markets IPO Reuters security economy Citigroup reports Aluminum products maker Novelis makes US IPO filing public

Aluminum products maker Novelis, owned by Indian conglomerate Aditya Birla Group's Hindalco Industries, made public its filing for an initial public offering in the United States on Monday. The company is moving ahead with a listing at a time when the U.S. IPO market is on a rebound this year, after a two-year lull, on hopes of a «soft landing» for the economy, where inflation falls without a recession or big job losses.

11.05 / 09:59

markets IPO Booking Citigroup Trade band information Indegene IPO: What does GMP signal ahead of share listing on Monday?

₹290 per share. This means that Indegene shares are trading higher by ₹290 apiece in the grey market than their IPO price of ₹452 per share. Considering the IPO price and the GMP today, Indegene IPO listing price is estimated to be around ₹742 per share, which is at a premium of 64.16% to the issue price.

10.05 / 18:47

markets IPO Booking security Citigroup wellness Aadhar Housing Finance IPO: Issue subscribed 25.49 times on day 3, QIB portion booked 72 times; Check GMP, other details

Aadhar Housing Finance IPO subscription status: Aadhar Housing Finance IPO, backed by private equity major Blackstone, received a subscription of 24.49 times on the third and final day of bidding. The portion for Qualified Institutional Buyers (QIBs) was booked 72 times.

10.05 / 08:37

markets IPO security Citigroup Enterprise Trade band Indegene IPO allotment out. Latest GMP, listing date, how to check status

Demat accounts by today, May 10, or tomorrow, May 11. The company will refund the application money to the investors whose bids were rejected. The refunds will also be made by today or tomorrow Investors can check Indegene IPO allotment status online through the official website of BSE or the portal of IPO registrar.

10.05 / 06:03

markets Citi Citigroup WhatsApp country Citi upgrades India stocks to overweight in EM allocation, cuts China

stocks has come despite worsening fundamentals, while India is delivering solid profits, Citigroup Inc. strategists wrote, downgrading China and upgrading India in emerging market allocation. “China’s recent rally has occurred despite weakening fundamentals; we downgrade to neutral,” strategists including David Groman and Beata Manthey wrote in a note dated May 10. It upgraded India to overweight on strong earnings momentum and projected growth.

10.05 / 05:23

markets IPO Booking security Citigroup show Investigations Aadhar Housing Finance IPO: From financials to key risks, here are 10 things to know from RHP before investing

₹300 to ₹315 per share. for each equity share having a face value of ₹10 for Blackstone backed housing finance Company. The investors need to apply for 47 shares and in multiples thereafter.

09.05 / 04:25

markets Target Digital Citigroup show recommendations Hot Stocks: Brokerage view on Voltas, Bharat Forge, Hero MotoCorp and TVS Motor

Jefferies maintained a buy rating on TVS Motor and Hero MotoCorp post Q4 results. Citigroup recommended a sell on Bharat Forge and a buy on Voltas post March quarter results. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

08.05 / 14:15

markets IPO Booking security Citigroup Trade Indegene IPO: Issue subscribed over 69 times on day 3, QIB and retail portion fully booked, check GMP and other details

Indegene IPO day 3: GMP, subscription status, review, other details. Apply or not? The Indigene IPO, totaling ₹1,841.76 crore, comprises a combination of an offer-for-sale (OFS) of 23,932,732 equity shares by the investor selling shareholder, along with a fresh issuance of ₹760 crore. The Indegene IPO received 2,01,81,78,162 share applications on the last day of bidding against offered 2,88,66,677 shares.

08.05 / 04:49

markets IPO security Citigroup band performer recommendations Aadhar Housing Finance IPO: Should you bid for this Rs 3,000 cr offer?

IPO of Aadhar Housing Finance opened for subscription today. Ahead of the issue opening, the company raised Rs 897 crore from anchor investors. The IPO comprises a combination of a fresh issue of shares worth Rs 1,000 crore and an offer-for-sale (OFS) of shares worth Rs 2,000 crore by promoter BCP Topco.

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