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Search results for citigroup

The AI robots on their way will mostly be made in Asia
2 days, 5 hours ago

The AI robots on their way will mostly be made in Asia

Live Mint  

Over the past year, I’ve noticed an overwhelming theme emerge when Asian tech leaders look at what comes next for artificial intelligence. The experience I’ve had tuning in to many executive chats and tech conferences could best be summed by Nvidia Chief Executive Officer Jensen Huang’s proclamation in Taipei in June. While the US is the leader in AI advances—and …

Japan Tech Asia Robotics Ai Robots
Race for Dulux maker tightens to three players
1 week ago

Race for Dulux maker tightens to three players

Live Mint  

The race for Akzo Nobel India Ltd has narrowed to Pidilite Industries Ltd, JSW Paints Pvt. If a deal is struck at a valuation of $2-2.5 billion, it would mark the country's largest takeover in India's paints industry led by Asian Paints, Berger Paints, Akzo Nobel and Kansai Nerolac. Akzo Nobel, which sells Dulux, International, Sikkens and Interpon brands in …

India Group Nobel Citigroup Jsw Paints Jsw Paints
LG India files paper with Sebi to launch an IPO
2 weeks, 5 days ago

LG India files paper with Sebi to launch an IPO

New Indian Express  

LG Electronics India Ltd, the Indian subsidiary of South Korea’s LG Electronics Inc., has filed draft papers with the Securities and Exchange Board of India to launch an initial public offering. With an issue size of Rs 15,000 crore, LG’s IPO would rank as the fifth largest in India’s history. The public issue is going to be offered for sale …

India Indian Electronics Crore Korean Hyundai Ipo
How Citi Lost $17 Million on Biggest Aussie Block Trade in Years
2 weeks, 6 days ago

How Citi Lost $17 Million on Biggest Aussie Block Trade in Years

Live Mint  

-- Citigroup Inc. undercut rivals this week to win the biggest block trade in Australia in seven years, only to see the deal unravel and leave the US bank with unsold stock on its books. Global banks such as UBS Group AG and Goldman Sachs Group Inc. battle with strong domestic players like Barrenjoey in an investment banking market that’s …

Million Deal Bloomberg Block Citi Citigroup Goodman
How painful will Trump’s tariffs be for American businesses?
3 weeks ago

How painful will Trump’s tariffs be for American businesses?

Live Mint  

In the weeks after Donald Trump’s sweeping election victory, American companies sought to reassure investors that they were amply prepared for a new round of tariffs. If Mr Trump were to slap tariffs on America’s northern and southern neighbours, the impact on American companies would be devastating. According to JPMorgan Chase, another bank, the average ratio of working capital to …

China Canada Trump Companies Imports Mexico America
S&P 500 Ekes Out Gain to Notch 55th Record in 2024: Markets Wrap
3 weeks ago

S&P 500 Ekes Out Gain to Notch 55th Record in 2024: Markets Wrap

Live Mint  

A rally that drove stocks to a series of all-time highs showed signs of exhaustion, with investors awaiting this week’s key jobs report and Jerome Powell’s remarks for clues on whether Federal Reserve officials will cut interest rates in December. “The question for investors isn’t ‘will the Fed cut again.’ but rather ‘will the next cut be in December or …

Stocks Economic Fed Cut Gain 500
JPMorgan Rejects Transition-Finance Trend Gripping Wall Street
3 weeks, 3 days ago

JPMorgan Rejects Transition-Finance Trend Gripping Wall Street

Live Mint  

-- JPMorgan Chase & Co. is turning its back on a trend that’s been embraced by many of its Wall Street peers. Wells Fargo began developing a transition-finance framework last year, and said in August it will consider “a broad scope of activities.” The goal is to define what can be included in its $500 billion sustainable finance goal, and …

Sustainable Green French Banks Framework Head Wells Fargo
A simpler Citigroup begins to take shape
3 weeks, 5 days ago

A simpler Citigroup begins to take shape

Live Mint  

Citigroup is nearing an important milestone in efforts to spin off its Mexican consumer bank, an important part of chief executive Jane Fraser’s turnaround strategy. After Citi announced plans to sell it, Mexico’s then-President Andrés Manuel López Obrador said the buyer would have to be Mexican, protect employees from job cuts, pay taxes on the sale and keep Citi’s prized …

Mexico Mexican López Obrador Citi Fraser Banamex
Glendale’s blue-collar tech unicorn ServiceTitan files for IPO
4 weeks ago

Glendale’s blue-collar tech unicorn ServiceTitan files for IPO

LA Times  

ServiceTitan co-founder and President Vahe Kuzoyan, left, is with co-counder and Chief Executive Ara Mahdessian at the company’s Glendale offices in 2019. Two decades later, that idea has morphed into a Glendale company called ServiceTitan, which last year served some 8,000 plumbing, HVAC, janitorial and other firms with a soup-to-nuts software suite — and now plans to go public on …

Tech Company Glendale Ipo Meritech Mahdessian Servicetitan
HSBC Sees ‘Unattractive’ Risk Reward for Goldman Sachs, Morgan Stanley
4 weeks, 1 day ago

HSBC Sees ‘Unattractive’ Risk Reward for Goldman Sachs, Morgan Stanley

Live Mint  

-- Goldman Sachs Group Inc. and Morgan Stanley shares are showing an “unattractive risk reward profile” in the wake of the recent bank rally, HSBC analysts said, adding that investors should be wary of arguments that an investment banking “supercycle” will drives shares much higher. The analysts lead by Saul Martinez said that while investment banking fees likely will increase, …

Bank Martinez Morgan Goldman Sachs Morgan Stanley
Vedanta Resources postpones planned dollar bond offering: Report
1 month ago

Vedanta Resources postpones planned dollar bond offering: Report

Live Mint  

MUMBAI - Vedanta Resources has postponed its planned issue of dollar bonds on concerns that U.S. prosecutors' allegations against Adani group firms could push up borrowing costs for Indian firms, two sources aware of the matter said on Thursday. Vedanta decided to push fund raising plans through the dollar bond route and would likely prefer to wait and watch till …

Indian Bond Dollar
Bitcoin vaults to all-time peak as Trump election raises crypto excitement
1 month, 1 week ago

Bitcoin vaults to all-time peak as Trump election raises crypto excitement

Live Mint  

By Samuel Indyk and Gertrude Chavez-Dreyfuss LONDON/NEW YORK -Bitcoin surged to a record above $87,000 on Monday in a blistering rally amid expectations cryptocurrencies will thrive in a light-touch regulatory environment following the election of Donald Trump as U.S. president and pro-crypto candidates to Congress. Trump embraced digital assets during his campaign, promising to make the United States the "crypto …

Cryptocurrency Trump Crypto Bitcoin
LG India to go the IPO-route, adds Axis Bank to roster of banks as it looks for $1.5bn value
1 month, 2 weeks ago

LG India to go the IPO-route, adds Axis Bank to roster of banks as it looks for $1.5bn value

Firstpost  

This move comes on the back of reports from September when LG was said to have already enlisted major international banks, including Bank of America, Citigroup, JPMorgan Chase & Co, and Morgan Stanley LG’s push for an IPO in India is more than just a fundraising exercise. Like many international corporations, LG sees immense potential in the country’s rapidly expanding …

India Market Indian Bank Capital Ipo Immense Potential
Citi CEO Says Banks to Benefit From Expected Trump Regulations
1 month, 2 weeks ago

Citi CEO Says Banks to Benefit From Expected Trump Regulations

Live Mint  

Wall Street would be helped by a less-stringent version of crucial banking regulation that’s expected once US President-elect Donald Trump takes office, Citigroup Inc. Chief Executive Officer Jane Fraser said. The banking chief expects tighter capital regulations — known as Basel III Endgame — to be significantly eased, if they’re enacted at all, she said Friday in a CNBC interview. …

Citi Fraser
Amazon's Profit Margins Take a Hit as AI Spending Soars
1 month, 3 weeks ago

Amazon's Profit Margins Take a Hit as AI Spending Soars

Live Mint  

Amazon's third-quarter report shows strong revenue growth, despite spending heavily on artificial intelligence. The company reported an eye-popping $22.6 billion in capital expenditures, a new high and an 81% jump year-over-year. Despite the spending, Amazon's operating profit came in at $17.4 billion, nearly 19% above analysts' projections. The company's share price jumped more than 5% in after-hours trading Thursday.

Entertainment Business Law Technology New York City
Budget to knock £20bn off growth, warns Wall Street bank
2 months ago

Budget to knock £20bn off growth, warns Wall Street bank

The Telegraph  

Rachel Reeves’s plans to raise taxes and spending in the Budget will wipe £20bn of potential growth from Britain’s economy, a Wall Street bank has warned. Here after a period of increasingly expansionary fiscal and tightening monetary policy, material headwinds now loom.” It comes as Ms Reeves’s “gloomy” rhetoric ahead of the Budget was blamed for a downturn in business …

Budget Business Confidence Growth Warns Wall Street Bank
Faith Leaders Join Forces to Challenge Fossil Fuel Investments
2 months ago

Faith Leaders Join Forces to Challenge Fossil Fuel Investments

Associated Press  

Religious environmental groups are taking on fossil fuels as a 'sacred duty' in a show of faith and commitment to address the climate crisis. The faith-based environmental movement, which includes a range of traditions and denominations, has been vocal in their efforts to persuade major financial institutions to divest from fossil fuels and align their financial practices with their religious …

Law Religion Climate Change Environmental Issues
HDFC Bank Q2 Update: Gross advances rise 7% to ₹25.19 lakh crore, deposits jump 15% YoY
2 months, 3 weeks ago

HDFC Bank Q2 Update: Gross advances rise 7% to ₹25.19 lakh crore, deposits jump 15% YoY

Live Mint  

HDFC Bank, the country’s biggest private sector lender, on Friday, reported gross advances growth of 7% at ₹25.19 lakh crore as of September 30, 2024, compared with ₹23.54 lakh crore as of September 30, 2023. {{^adFree}} {{/adFree}} HDFC Bank’s advances under management, which include advances grossing up for inter-bank participation certificates, bills rediscounted and securitisation/assignment, stood at ₹26.33 lakh crore …

Crore Adfree Bse Lakh Yoy Hdfc Bank Shares Hdfc Bank
Upcoming IPO: Hexaware Tech Submits Draft Papers For Issue Worth Rs 9,950 Crore
3 months, 2 weeks ago

Upcoming IPO: Hexaware Tech Submits Draft Papers For Issue Worth Rs 9,950 Crore

ABP News  

Hexaware Technologies submitted its draft papers for its initial public offering with the Securities and Exchange Board of India. Backed by private equity firm Carlyle Group, the company filed preliminary documents for its maiden offer worth Rs 9,950 crore with the capital markets regulator. If successful, the maiden offering would be the largest in the Indian IT services sector since …

India Crore Firm Ipo Hexaware Tech
Will US economy go into recession? Goldman economists lift ‘limited’ risk to 25%
4 months, 2 weeks ago

Will US economy go into recession? Goldman economists lift ‘limited’ risk to 25%

Hindustan Times  

Goldman Sachs Group Inc. economists increased the probability of a US recession in the next year to 25% from 15%, but said there are several reasons not to fear a slump even after unemployment jumped. “We continue to see recession risk as limited,” the Goldman economists led by Jan Hatzius said in a report to clients on Sunday. “The premise …

Goldman Lift Limited
Labour ministry rebuts Citigroup's research report on employment in India
5 months, 2 weeks ago

Labour ministry rebuts Citigroup's research report on employment in India

New Indian Express  

NEW DELHI: The labour ministry on Monday rebutted a recent report by Citigroup which forecast that India will struggle to create sufficient employment opportunities even with a 7 per cent growth rate. The ministry in a statement said the report "fails to account for the comprehensive and positive employment data available from official sources such as Periodic Labour Force Survey …

India Employment Data Labour Report Cent Plfs
India won't be able to create enough jobs over next decade even if economy grows 7%: Citigroup
5 months, 2 weeks ago

India won't be able to create enough jobs over next decade even if economy grows 7%: Citigroup

Hindustan Times  

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. India will struggle to create enough jobs for its growing workforce over the next decade even …

India Jobs Create Citi Citigroup Next Decade Enough Jobs
US stock market update: S&P 500 hits 30th record of 2024
6 months, 1 week ago

US stock market update: S&P 500 hits 30th record of 2024

Hindustan Times  

A rally in several large technology companies drove stocks to all-time highs, with some prominent Wall Street strategists rushing to boost their targets even as many hedge funds grow increasingly cautious. “We believe the S&P 500 can reach 6,000 by year-end as the combination of better earnings and one or two rate cuts is like a turbo booster for stock …

Stock 500
Hyundai Motor files for IPO of almost $3 billion, likely India's biggest
6 months, 1 week ago

Hyundai Motor files for IPO of almost $3 billion, likely India's biggest

Hindustan Times  

South Korean automaker Hyundai Motor's Indian arm filed preliminary papers with Sebi for its initial public offering in which the company will sell 142.2 million shares, as per a draft red herring prospectus. Through the IPO, the automaker is seeking to raise around $3 billion in the IPO, with a potential listing planned by the end of the year, Bloomberg …

India Hyundai Ipo Hyundai Motor Public Offer