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Ahead of FPO, Vodafone Idea garners Rs 5,400 cr from anchor investors

 Just ahead of its mega FPO opening to public investors, Vodafone Idea (VIL) has announced closure of its anchor book allocation, raising about Rs 5,400 crore from marquee global as well as domestic......

Citi joins list of foreign banks scaling down India ops

 Citibank on Wednesday joined the list of foreign banks that have exited retail banking business in India. Photograph: Chris Helgren/Reuters Mumbai-based Axis Bank completed acquisition of......

Adani speaks: Interest of my investors is paramount

 Once the market stabilises, we will review our capital market strategy, says the embattled Gautam Adani. Gautam Adani addresses investors after the withdrawal of the fully subscribed FPO.......

Madurai boy Anand Selvakesari is breaking the mould at Citigroup

 A career Citibanker, 'Selva' came into the spotlight as the person who rewired the financial behemoth's Indian retail operations. IMAGE: Anand Selvakesari, CEO-designate, Citigroup's global......

Govt mulls permitting foreign investment in LIC

 The government is mulling allowing foreign direct investment (FDI) in the country's largest insurer LIC, a move which would help overseas investors take part in the company's proposed mega IPO,......

FIFA scandal: Banks did not do enough, says global agency

 Activists from advocacy group Avaaz demonstrate near the Hallenstadion, in Zurich. Photograph: Arnd Wiegmann/Reuters A global group of government anti-money-laundering agencies said that financial......

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