Citi sees India growing at 8.4 percent next fiscal

Financial major Citigroup has said with the easing of pressure on investment, consumption and outsourcing, India is likely to grow at 7 percent this fiscal and 8.4 percent next fiscal.

It`s time to deliver: Saudi prince tells Vikram Pandit

Saudi Prince Alwaleed bin Talal, a major investor in Citigroup, says he personally told the banking giant`s Indian American chief executive Vikram Pandit that the honeymoon is over and he must deliver solid results in 2010.

‘Citi `09 bonuses similar to 08 levels’

Citigroup Inc could pay commercial and investment banking bonuses for 2009 that are similar to 2008 levels, and may cap individual cash payouts at about $60,000, according to people that have been briefed on the plan.

Citi sells shares worth Rs 971 cr in Indian cos in 2 days

Continuing its selling spree for the second day on Thursday, foreign fund house Citigroup Global sold shares worth over Rs 491 crore in about 36 Indian companies, taking the total share sale to Rs 971 crore.

US delays its $5 bn Citi sale after weak pricing

The US Treasury delayed a plan to sell its $5 billion of Citigroup Inc (C.N) shares after a stock offering by the bank attracted weak demand and priced at a much lower-than-expected $3.15 a share.

Abu Dhabi seeks to terminate Citi stock purchase

Citigroup Inc. said late Tuesday that the Abu Dhabi Investment Authority has filed a claim against the bank seeking to either terminate a deal to buy $7.5 billion worth of its stock or receive damages of more than $4 billion.

Citigroup to repay $20 bn in bailout money

Citigroup said on Monday it is repaying $20 bn in bailout money it received from the Treasury Deptt.

US limits executives pay to $500,000 at 4 bailed-out firms

Continuing with its strict compensation regulations for the bailed-out entities -- Citi, AIG, General Motors and GMAC, the US government has extended the pay cap for their executives, limiting the annual cash salaries to $500,000.

Citi, US disagree over capital for TARP exit

Citigroup Inc and the US government disagree over how much the bank should raise to repay taxpayers and talks may not finish for weeks or even months, people briefed on the matter.

To lower interest rates, Citi customers must spend

For Citibank credit card holders, there is one way to escape the bank`s rate hikes currently under way: Meet a monthly spending requirement.

Citi to sell stake in Bellsystem24 to Bain Capital for $1 bn

Financial services major Citigroup on Sunday said it will sell its entire stake in Japanese telemarketing entity Bellsystem24 to US-based private equity firm Bain Capital for around USD 1 billion.

Citi maintains India GDP growth rate at 5.8% for FY`10

A day after the Prime Minister`s
Economic Advisory Council said that India`s GDP may grow by
6.75 percent in the current fiscal, global financial major
Citi on Thursday maintained its forecast at 5.8 percent.

Citi beats forecasts with $101 mn profit

Struggling banking giant Citigroup topped expectations on Thursday, posting a third-quarter profit of 101 million dollars.

Industrial growth to compensate for fall in farm output: Citi

As industry grew by a 22-month high at 10.4 per cent in August, financial services firm Citi on Monday said the growth in factory production will make up for looming decline in farm production.

Citi, Pepsico, Motorola among 500 greenest US cos: Newsweek

Six companies led by India-origin
people including banking behemoth Citigroup and soft drinks
major Pepsico have been named among the greenest American
companies by Newsweek magazine.

Citi, Pepsico, Motorola among 500 greenest US cos: Newsweek

6 cos led by India-origin people have been named among the greenest American cos by Newsweek magazine.

Monsoon woes makes Citi lower GDP growth to 5.2 pc

Deficient monsoon has prompted
financial major Citigroup India to revise its growth forecast
for the country from 6.8 per cent to 5.2 per cent.