News

MakeMyTrip launches industry-first, bundled offering for Indian Students traveling abroad  This time every year, a large number of students from India travel overseas to pursue their educational dreams. The students travel for extended stays, so their requirements are atypical of the regular traveler. Some even travel with parents which compounds additional travel requirements. Extra baggage, for instance, is one of the essential requirements, as additional baggage fees can be burdensome. As the new-term season lifts off, MakeMyTrip, India’s travel super-app, has tie...
MakeMyTrip launches industry-first, bundled offering for Indian Students traveling abroad
MakeMyTrip launches industry-first, bundled offering for Indian Students traveling abroad
Source: PR Agency
9/06/2023 9:04:52 AM
Fed hopes buoy shares, China COVID easing boosts oil  A relief rally in global shares entered a second day on Friday and the dollar dipped as investors bet that peaking U.S. inflation will prompt the Federal Reserve to ease the pace of interest rate hikes. Oil prices jumped after health authorities in top global crude importer China eased some of the country's heavy COVID curbs. The S&P 500 and Nasdaq racked up their biggest daily percentage gains in over 2-1/2 years on Thursday after U.S. data showed prices rose less-than-ex...
Fed hopes buoy shares, China COVID easing boosts oil
Fed hopes buoy shares, China COVID easing boosts oil
Source: Reuters
11/11/2022 3:40:35 PM
Axis Bank's stocks rise day after Citibank's consumer biz deal Scrip of Axis Bank rose during the post-noon session on Thursday, a day after the lending major said it will acquire Citibank's consumer businesses in India. The deal is subject to regulatory approvals. Accordingly, the share price of Axis Bank rose to Rs 757.90 per stock, up Rs 7.70 or 1.03 per cent at 1.15 p.m. from its previous close. On March 30, Axis Bank said it will acquire Citibank's consumer businesses in India, subject to regulatory approvals. The boards of Axis ...
Axis Bank's stocks rise day after Citibank's consumer biz deal
Axis Bank's stocks rise day after Citibank's consumer biz deal
Source: IANS
31/03/2022 2:21:45 PM
Axis Bank to acquire Citibank's India consumer business Lending major Axis Bank will acquire Citibank's consumer businesses in India, subject to regulatory approvals. The boards of Axis Bank and Citibank have approved the deal, comprising the sale of the consumer businesses of Citibank India, which includes credit cards, retail banking, wealth management and consumer loans, as well as sale of consumer business of Citi's non-banking financial company, Citicorp Finance (India) Ltd, comprising the asset-backed financing business, which inc...
Axis Bank to acquire Citibank's India consumer business
Axis Bank to acquire Citibank's India consumer business
Source: IANS
31/03/2022 9:02:53 AM
Central bank liquidity, not fundamentals, driving extraordinary valuations: Citibank Much of the "extraordinary valuations" in markets are riding on liquidity flows from central banks and not necessarily being driven by fundamentals, Citibank's global markets strategist told IANS during a briefing on the bank's 2022 outlook. "This has shown up in the extraordinary valuations that we've had in things like the tech sector - and yes, some of that is due to corporate profitsa", Matt King, global markets strategist at Citi Research, told reporter...
Central bank liquidity, not fundamentals, driving extraordinary valuations: Citibank
Central bank liquidity, not fundamentals, driving extraordinary valuations: Citibank
Source: IANS
31/01/2022 11:11:17 AM
Brace for tighter Fed policy than we imagined : Citibank The US Federal Reserve will likely pursue policy "tighter than what we thought was imaginable even three or four months ago", Citibank's global markets research team said in New York during a virtual briefing. The bank expects that inflation fueled by supply chain pressures will headline challenges for central banks world over in 2022. The Federal Reserve signaled last week that it will begin a series of interest-rate hikes in March. US inflation is at a 40-year high an...
Brace for tighter Fed policy than we imagined : Citibank
Brace for tighter Fed policy than we imagined : Citibank
Source: IANS
31/01/2022 10:42:06 AM
Central bank liquidity, not fundamentals, driving extraordinary valuations: Citibank Much of the "extraordinary valuations" in markets are riding on liquidity flows from central banks and not necessarily being driven by fundamentals, Citibank's global markets strategist told IANS during a briefing on the bank's 2022 outlook. "This has shown up in the extraordinary valuations that we've had in things like the tech sector - and yes, some of that is due to corporate profitsa", Matt King, global markets strategist at Citi Research, told reporter...
Central bank liquidity, not fundamentals, driving extraordinary valuations: Citibank
Central bank liquidity, not fundamentals, driving extraordinary valuations: Citibank
Source: IANS
31/01/2022 9:22:24 AM
Citigroup profit triples, Exits some overseas consumer units like India, China and Australia By David Henry (Reuters) - Citigroup Inc trounced analysts' first-quarter profit estimates on Thursday as its outlook for an economic recovery driven by vaccinations and government stimulus allowed it to release reserves set aside for loan losses from the pandemic. Like JPMorgan Chase & Co, which reported earnings on Wednesday, Citi benefited from a boom in capital markets activity, but its consumer bank felt the impact of low interest rates that hurt earnings. Revenue fell 7...
Citigroup profit triples, Exits some overseas consumer units like India, China and Australia
Citigroup profit triples, Exits some overseas consumer units like India, China and Australia
Source: (Reuters) 
15/04/2021 6:57:02 PM
Citigroup considering divestiture of some foreign consumer units - Bloomberg Law Citigroup Inc is considering divesting some international consumer units, Bloomberg Law reported on Friday, citing people familiar with the matter. The discussions are around divesting units across retail banking in the Asia-Pacific region, the report https://bit.ly/3pD57WP said. "As our incoming CEO Jane Fraser said in January, we are undertaking a dispassionate and thorough review of our strategy," a Citigroup spokesperson told Reuters. "Many different options are be...
Citigroup considering divestiture of some foreign consumer units - Bloomberg Law
Citigroup considering divestiture of some foreign consumer units - Bloomberg Law
Source: Reuters
20/02/2021 10:43:31 AM