Brokerage Citigroup maintained a buy rating on RR Kabel, JPMorgan has an overweight stance on RIL, Axis Capital upgraded Indigo to buy and Jefferies maintained a buy rating on Tata Steel. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Citigroup on RR Kabel: Buy| Target Rs 2043Citigroup … Read more
Warburg Pincus, through its subsidiary White Iris Investment, has sold its entire stake in Apollo Tyres through block deals on Wednesday. The leading global PE firm offloaded about 3.5% stake or 2.24 crore shares in the transaction at Rs 477.35 apiece, taking the deal value to around Rs 1,072 crore. Marquee funds, including Goldman Sachs, … Read more
We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on Delhivery: Underperform| Target Rs 488CLSA downgraded Delhivery to underperform from buy earlier post-Q4 results and slashed the target price to Rs 488 from Rs 600 earlier. The Q4 revenue growth was below expectations. Express parcel revenue declined … Read more
Although growth has started petering out in various parts of the industrial world, particularly the US, there is an increasing likelihood of a soft landing for the major economies emerging out of the “long tail of Covid”, Citigroup CEO Jane Fraser tells MC Govardhana Rangan and Bhaskar Dutta. Edited excerpts: You were prophetic about market … Read more
Viswas Raghavan is a great hire for Citigroup Inc. but, boy, does he have his work cut out to help his new employer along its road to renewal. Raghavan is a 20-plus-year veteran of JPMorgan Chase & Co. who held a string of senior leadership roles over the past decade, finishing up as head of … Read more
Brokerage firm Citigroup maintained a buy on IGL, CLSA maintained a buy rating on Titan Company, Axis Capital initiated coverage on Rallis India to reduce and Jefferies maintained a buy rating on IndusInd Bank. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Citigroup on IGL: Buy| Target … Read more
Citigroup Inc has announced a major restructuring plan under CEO Jane Fraser‘s leadership, aiming to eliminate 20,000 roles. This move, integral to Fraser’s strategy, is expected to save the company as much as $2.5 billion, positioning it for stronger returns in the coming years.Challenging timesDespite the planned savings, Citigroup braces for immediate costs.”In the meantime, … Read more
As the carbon offset market gets a new lease on life from the COP28 climate summit in Dubai, bankers from Wall Street and the City of London are positioning themselves to get a chunk of the dealmaking they say is coming.Banks that have been building up carbon trading and finance desks include Goldman Sachs Group … Read more