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Axis Bank posts net profit of ₹7,129 cr in March quarter

Total income rose to Rs 35,990 crore in the March quarter of 2023-24 fiscal, from Rs 28,758 cro…

PTI   


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Hyundai Motor India files draft papers with SEBI for India’s biggest IPO

Hyundai Motor India Limited (HMIL), the Indian arm of the South Korean automaker Hyundai, on Saturd…

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Axis Bank's stocks rise after acquiring Citibank's consumer business in India

The deal is subject to regulatory approvals. Accordingly, the share price of Axis Bank rose t…

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Citi beats 1st-quarter earnings forecasts as trading desks capitalize on volatility

Citi's revenue from stock and fixed-income trading beat consensus forecasts and sent the firm's sto…

Carla Mozée   


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3 mins read

Axis Bank completes acquisition of Citibank’s consumer business for ₹11,603 crore – here’s everything to know

India’s third-largest private lender Axis Bank on Wednesday said it has completed the acquisition o…

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Citibank, JPMorgan, and other banking giants are facing a potential class action lawsuit over ripping off clients on currency trades, report says

The banks, which include UBS, Barclays, Citibank, and JPMorgan, are accused of colluding to rig pri…

Ethan Wu   


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6 mins read

Here’s how much banks have increased home loan interest rates

Rising inflation resulted in central banks around the world hiking interest rates. This has also sp…

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3 mins read

Axis Bank beats street estimates on net profit, business growth disappoints

Axis Bank, the third largest private sector bank, on Monday reported a net profit of Rs 4,125 crore…

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Citi is reportedly blocking debt deals with firms that kept the bank's accidental $500 million payout

Citigroup accidentally sent nearly $900 million to Revlon lenders last year when it meant to only s…

Matthew Fox   


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3 mins read

Here’s why Axis Bank may be willing to pay $2 billion to buy Citi’s India ops

Axis Bank could be the leading horse in the race to acquire Citi Bank’s retail assets, and the bigg…

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2 mins read

Citigroup slammed with $400 million fine for 'longstanding failure' to resolve its risk and data systems

Under the order, Citigroup must seek regulatory approval before making any significant acquisitions.

Shalini Nagarajan   


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3 mins read

A Black TikToker said she was racially profiled at an LA Citibank and now her videos have been watched over 33 million times

TikToker Baby Storme made 8 TikToks about an alleged encounter at a Citibank, saying she was racial…

Charissa Cheong   


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Delhivery shares edge lower after SoftBank offloads 3.8% stake for ₹954 crore

Shares of logistics provider Delhivery were down 2% in morning trade on Thursday, a day after Japan…

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Sensex, Nifty50 back in the red on weak global cues; TCS, Infosys, Maruti, M&M among top laggards

India’s benchmark indices Sensex and Nifty50 are likely to open in the red on Thursday amid negativ…

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Citigroup will fire employees who haven't been vaccinated against COVID-19, according to reports

Citigroup has warned US office staff they'll be fired at the end of the month if they don't get vac…

Grace Dean   


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2 mins read

Home prices and mortgages will stay high this year, but housing activity is set to cool further amid mild recession, Fannie Mae says

Mortgage rates could remain high if inflation indicators stay hot or if prices rebound, Fannie Mae …

Jennifer Sor   


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3 mins read

The breathtaking rally in stocks could be disrupted by these 4 headwinds, top economist Mohamed El-Erian says

Investors shouldn't take the rally in stocks for granted, and there are four things that could ratt…

Jennifer Sor   


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Radiant Cash Management shares debut at a 10% premium after company reduces IPO size

Shares of Radiant Cash Management made a positive debut on the stock exchanges, listing at a premiu…

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4 mins read

Radiant Cash Management Services IPO opens on Dec 23; price band at ₹94-99 per share

Radiant Cash Management Services, a Chennai-based cash logistics player, will open its initial publ…