Mumbai, June 4 (IANS) Prime Minister Narendra Modi met Citi Chair and CEO Jane Fraser and discussed India’s economic growth and investment landscape, along with opportunities for the global major to continue supporting the country’s key growth priorities, it was announced on Thursday.The Prime Minister shared his vision for accelerating growth and economic momentum to achieve the objective of Viksit Bharat 2047, Citi said in a statement. The discussion, which happened on Wednesday, covered a ran…
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Mumbai, April 22 (IANS) Shares of HCL Technologies tumbled sharply on Wednesday, falling more than 10 per cent to Rs 1,289 on the NSE, as investor sentiment turned negative following a disappointing quarterly performance and subdued growth outlook. The steep decline came after several brokerages downgraded the stock and cut their target prices, citing concerns over weak revenue growth, margin pressures and cautious forward guidance.The company’s earnings report highlighted multiple areas of co…
New Delhi, March 30 (IANS) Finance hub GIFT City on Monday announced that banking assets at its International Financial Services Centre have crossed $106.7 billion as of February 2026, marking over seven‑fold surge from $14 billion in September 2020.The huge surge indicated a rapid scale‑up of India’s offshore banking ecosystem and reflected increasing global and domestic participation in India’s international financial services ecosystem, it said.The growth has been supported by an expa…
Mumbai, March 12 (IANS) Shares of InterGlobe Aviation Limited, the parent company of IndiGo airline, fell sharply on Thursday, after global brokerage firm Citi lowered its price target for the stock.The brokerage cut its target price by about 10.5 per cent to Rs 5,100 per share from the earlier Rs 5,700.Despite the reduction, Citi maintained its “buy” rating on the stock. The revised target still suggests a potential upside of around 17 per cent from the stock’s previous closing price.Acco…
Washington, Feb 17 (IANS) India’s ambitious rooftop solar expansion plan on Tuesday secured a $197.67 million guarantee from the World Bank Group’s guarantee arm. The five-year backing supports refinancing of a $500 million World Bank loan to the State Bank of India for grid-connected solar systems serving commercial and industrial users.The Multilateral Investment Guarantee Agency (MIGA), which houses the World Bank Group Guarantee Platform, issued the guarantee to Citibank N.A. for …
Seoul, Feb 5 (IANS) Major global investment banks (IBs) have upgraded their forecasts for South Korea’s economic growth this year, citing an upcycle of the global semiconductor industry, a report by a financial organisation said on Thursday.The average forecast for economic growth of Asia’s fourth-largest economy by eight major global investment banks (IBs) stood at 2.1 percent as of end-January, up 0.1 percentage point from their median outlook published a month earlier, according to the report…