#citi
PB Fintech loses Rs 22,700 cr from market value as stock crashes 26% after IRDAI’s reform plans. What Citi and Jefferies are warning
PB Fintech shares plunged 26%, wiping out nearly Rs 22,703 crore from its market capitalisation after IRDAI proposed changes to insurance commission structures. Jefferies flagged risks to distributor earnings, while Citi warned of a potential sharp compressio…
Citi Scraps Calls for RBI Hikes as Iran Deal Cools Price Risks
Economists at Citigroup Inc. dropped their call for two interest-rate hikes by India’s central bank through March next year, saying an interim US-Iran peace deal has reduced the risk of higher oil prices fueling inflation.
CITI welcomes temporary removal of 11 % cotton import duty , calls it boost for textile exports
Citi sees India IPOs hitting fresh records despite challenges
Indian initial public offerings are poised for a strong comeback in the latter half of the year. Citigroup anticipates deal volumes to meet or surpass last year's performance. Key listings like Jio Platforms and National Stock Exchange are crucial. Foreign in…
Citi sees India tightening currency controls to halt Rupee slump
India may introduce more measures in the coming months to support the rupee and boost foreign reserves, including possible curbs on overseas investments by domestic companies, according to Citigroup. The report said rising oil prices and pressure on the curre…
SBI shares crash 10% in two days after Q4. Do Morgan Stanley, Citi, Bernstein and others see upside in Swiggy?
SBI shares fell over 3% on Monday and are down 10% in two sessions despite the lender reporting a 6% YoY rise in Q4 standalone net profit to Rs 19,684 crore. Net interest income rose 4%, while provisions declined sharply. However, softer net interest margins …
Citi downgrades India to 'Underweight' amid earnings and geopolitical risks
Mumbai Citi has downgraded India to underweight, citing persistent macroeconomic and geopolitical challenges alongside weaker earnings projections. The brokerage anticipates an 11.7% upside for the Nifty, reaching 27,000. While acknowledging lighter market p…
Citi appoints Raj Rathi as head of mergers & acquisitions in India
Rathi joins Citi from Dream Sports, where he served as head of strategy and corporate development.