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5 mins read
Netflix has won the streaming wars but Wall Street still has big questions about its future
Analysts break down the challenges and opportunities facing Netflix as it seeks its next growth ave…
Lucia Moses
2 mins read
What has changed for your credit cards, starting today?
Starting today, RBIs new rules mandate that all credit card transactions in the country be processe…
1 min read
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
3 mins read
Markets are worried about the Chinese yuan sparking a new wave of turmoil
The Chinese yuan spiked against the US dollar on Monday in moves that were similar to the Japanese …
Huileng Tan
2 mins read
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…
1 min read
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…
1 min read
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
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…
1 min read
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
1 min read
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
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…
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…
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
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…
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
Grace Dean
1 min read
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
2 mins read
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…
2 mins read
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…
2 mins read
Citibank to exit consumer banking business in India
The consumer banking business comprises credit cards, retail banking, home loans and wealth mana…