citi

Buy, Sell or Hold: Citi maintains buy on largecap pharma stocks like Lupin & Sun Pharma

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Buy, Sell or Hold: Citi maintains buy on largecap pharma stocks like Lupin & Sun Pharma

Brokerage sentiment across the pharmaceutical and emerging workspace sectors remains broadly optimistic, with firms such as Citi and Choice Institutional Equities highlighting robust growth drivers and improving earnings visibility for key players.Citi continues to back large-cap pharma names like Lupin and Sun Pharma, citing strong momentum in their US businesses, healthy product pipelines, and structural … Read more

Citi to cut up to 200 tech contractor roles in China, sources say

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Citi to cut up to 200 tech contractor roles in China, sources say

Citigroup is cutting up to 200 information technology (IT) contractor roles in China, two people familiar with the matter said, as the bank looks to hire its own staff globally for such operations to improve risk management and data governance. Last July, U.S. bank regulators fined Citi $136 million for making “insufficient progress” fixing data … Read more

Can Reliance share price cross Rs 1,700? Here’s what top 9 brokerages say – RIL Stock Review

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Can Reliance share price cross Rs 1,700? Here’s what top 9 brokerages say – RIL Stock Review

Nomura reiterates its “buy” rating with a revised target price of Rs 1,600, down from Rs 1,725. It highlights upcoming triggers, such as Jio tariff hikes, potential IPOs, and the launch of new energy businesses, as drivers for value unlocking. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do … Read more

Citi initiates ‘Buy’ rating on Varun Beverages, sees 36% upside

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Citi initiates ‘Buy’ rating on Varun Beverages, sees 36% upside

Global financial services firm Citi has initiated coverage on Varun Beverages with a ‘Buy’ rating and a target price of Rs 800, indicating a potential upside of 36% from the previous closing price of Rs 588 per share. Citi cited the company’s strong market position in India and significant growth opportunities in the soft drinks … Read more

India will fail to plug jobs gap even with 7% growth, says Citi

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India will fail to plug jobs gap even with 7% growth, says Citi

India will struggle to create enough jobs for its growing workforce over the next decade even if the economy grows at a rapid pace of 7%, Citigroup Inc. said, suggesting the world’s most-populous nation will need more concerted steps to boost employment and skills. Citi estimates India will need to create about 12 million jobs … Read more

Credilio launches ‘novio’, aims to ensure credit card lifestyle access to all Indians

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Credilio launches ‘novio’, aims to ensure credit card lifestyle access to all Indians

Fintech firm Credilio unveiled novio – an app to widen the credit card landscape for over 400 million UPI active customers. novio aims to make financial inclusion and credit card lifestyle accessible for every Indian household, the firm said in an official statement. novio has introduced a guaranteed card concept, allowing users to build their … Read more

Citi to cut 20,000 jobs through 2026, CFO says

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Citi to cut 20,000 jobs through 2026, CFO says

Citigroup will cut 20,000 jobs over the next two years, its Chief Financial Officer Mark Mason said on Friday, after the bank reported a $1.8 billion loss for the fourth quarter. The lender, which currently has 239,000 employees worldwide, will reduce that headcount by 20,000 as part of a sweeping reorganization, Mason told reporters. Citi … Read more

Barclays, Citi raise India’s growth closer to 7% after GDP beat

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Barclays, Citi raise India’s growth closer to 7% after GDP beat

Economists raised their full-year projections for India’s economy sharply after data on Thursday showed growth outperformed last quarter, fueled by a manufacturing boom. Barclays Plc and Citigroup Inc. predict the economy will now expand 6.7% in the fiscal year ending in March, up from previous forecasts of 6.3% and 6.2%, respectively. Several other analysts also … Read more

Citi names Gutiérrez-Orrantia Europe banking and cluster head in restructure

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Citi names Gutiérrez-Orrantia Europe banking and cluster head in restructure

Nacho Gutierrez-Orrantia, one of Citi‘s most senior bankers in Europe, will become banking and cluster head for Europe as part of its planned restructuring, the banker told Reuters on Monday. The latest step in the bank’s reorganisation was announced on Monday, with Citi’s CEO, Jane Fraser, saying that “the actions we’re taking to reorganize the … Read more