American multinational Citigroup on Monday offloaded private sector lender HDFC Bank‘s shares worth Rs 275 crore through an open market transaction. Citigroup, through its arm Citigroup Global Markets Mauritius, sold 15,79,953 shares of HDFC Bank, as per the block deal data available on the BSE. The shares were disposed of at an average price of … Read more
Mumbai: Vedanta Resources Finance II, a subsidiary of Vedanta Resources, raised $300 million by tapping its existing $900-million bonds at 9.998%. The fund-raise happened within the initial price guidance of 10.07%. The funds will be used to partially refinance $606 million of its outstanding 13.875% notes due in 2028, people aware of the development said. … Read more
Goldman Sachs sold nearly 6.5 lakh shares in smallcap stock ideaForge Technology for Rs 43 crore while Citigroup bought 6.65 lakh shares in the company at a cost of Rs 44 crore via block deals on Thursday. While Goldman Sachs sold shares through Goldman Sachs Funds – Goldman Sachs India Equity Portfolio at a price … Read more
Brokerage firm CLSA downgraded Delhivery to underperform, Jefferies has a hold rating on Zydus Life and an underperform rating on Anupam Rasayan. Citigroup recommended a buy on Phonix Mills. 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 … Read more
Viswas Raghavan is a great hire for Citigroup Inc. but, boy, does he have his work cut out to help his new employer along its road to renewal. Raghavan is a 20-plus-year veteran of JPMorgan Chase & Co. who held a string of senior leadership roles over the past decade, finishing up as head of … Read more
Brokerage firm Citigroup maintained a buy on IGL, CLSA maintained a buy rating on Titan Company, Axis Capital initiated coverage on Rallis India to reduce and Jefferies maintained a buy rating on IndusInd Bank. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Citigroup on IGL: Buy| Target … Read more
Global brokerage firm Citigroup maintained a sell rating on and Macquarie retained an outperform rating on . We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Citigroup on Vedanta: Sell | Target Rs 235 Citigroup maintained its sell rating on Vedanta with a target of Rs 235. Vedanta’s … Read more
Credit Suisse and Citigroup became the latest brokerages to bring down their 2022 year-end targets for the S&P 500 index, as U.S. equity markets bear the heat of aggressive central bank actions to tamp down inflation. Credit Suisse cut its target for the benchmark index by about 10% to 3,850 points on Monday, citing the … Read more
March 18, 2022 Citigroup Inc. is starting to cover travel costs for U.S.-based employees seeking an abortion as more states pass new abortion restrictions, according to Bloomberg News. The policy covers certain expenses, such as airfare and lodging, for staff who must travel out of state to receive an abortion. “In response to changes in … Read more
As they switch off the lights in Moscow, the world’s top banks face a risk-ridden retreat, juggling obligations to anxious clients and staff while complying with sanctions that have rewritten the rules of doing business in Russia. There is a growing realisation that these sanctions are likely to remain long-term, industry sources told Reuters, which … Read more