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Citigroup lays off more bosses as CEO Fraser addresses MDs: Report

The bank last week said it would cut 20,000 jobs over the next two years, after a fourth quarter marred by one-off charges that resulted in a $1.8 billion loss

India takes investment spotlight while risks weigh in China: Suntory CEO

Japanese drinks maker Suntory is prioritising expansion in India while taking a cautious stance on business in China

Indian lenders seek looser liquidity conditions going ahead: Report

Banks made these suggestions to industry body Fixed Income Money Market and Derivatives Association of India (FIMMDA) on Wednesday

Ukraine starts to rebuild towns, cities even as war with Russia continues

Badly damaged in fighting with Russian forces almost two years ago, Trostianets is one of six settlements being rebuilt with state funds in a pilot programme

Scaling up to meet domestic demand, no plans to export to China: NMDC

Reuters reported on Wednesday that the federal government had turned down a request from the company to export iron ore to China

Citigroup partners with LuminArx to launch private lending vehicle

Last year, Wells Fargo also launched a fund in partnership with a private equity firm

European Commission to back 90% emissions cut for 2040 climate target

The European Union is drafting its first 2040 climate target, to bridge the gap between its existing goals to cut net emissions 55% by 2030 and reach net zero emissions by 2050

Reddit to launch IPO, first social media offering since Pinterest, in March

It would be first IPO of a major social media company since Pinterest's debut in 2019, and would come as Reddit and its peers face stiff competition for advertising dollars from likes of TikTok & FB

Bayer AG to hold off breakup plans despite investor pressure: Report

CEO Bill Anderson, at the helm since June last year, said in November he is weighing options to break apart the diversified company in a staggered fashion but would not rule out keeping all businesses

Tougher EU money laundering rules target crypto, luxury vehicle dealers

"It is a good day for EU citizens and businesses, but bad day for oligarchs and terrorists," said Eero Heinaluoma, one of lawmakers who took part

Tata Technologies to invest $1.8 bn in Telangana to set up skilling centres

The investment from the unit of Tata Motors is the second commitment to the Telangana government in two days after the Adani Group announced a $1.49 billion investment on Wednesday

India must sustain growth momentum, secure at least 7% growth in FY25: RBI

"In India, potential output is picking up with actual output running above it, although the gap is moderate," the RBI said in an article titled 'State of the Economy'

Indian banks seek looser liquidity conditions going ahead: Traders

Banks made these suggestions to industry body Fixed Income Money Market and Derivatives Association of India (FIMMDA) on Wednesday

Thousands of Indian workers queue up for jobs in Israel, undeterred by war

"There is unemployment here and its because of it that people want to leave," said Lekharam, a mason who was among the workers gathered at a recruitment camp in Rohtak, 66 km (40 miles) from Delhi

Waning supplies prop up India rates to 4-month peak, Thai prices rise

Supplies have also dropped, which also contributed to price increases. Traders said new supply is expected to enter the market around next month

Tata Communications posts fastest quarterly revenue growth in 9 years

Revenue rose 24.4% to Rs 5,633 crore for the quarter ended Dec. 31, according to an exchange filing

BMW collaborates with humanoid startup Figure to take on Tesla's robot

"We have designed the robot to be safe next to humans. Working with BMW on automation in a manufacturing facility is a huge validator for us in the space," Adcock said

IndusInd Bank Q3 results: Net profit rises 17.3% to Rs 2,298 crore

IndusInd's loan disbursements grew 20% year-on-year, while deposits rose 13%

Ethiopia opens up to foreign investment firms ahead of markets launch

The justice ministry authorised the capital markets regulator this week to go ahead with issuing the licences, said Brook Taye, Director General of the Ethiopian Capital Market Authority

Weak earnings, fading US interest rate cut hopes drag Indian stock market

The blue-chip NSE Nifty 50 shed 0.51% to 21,462.25, while the S&P BSE Sensex lost 0.44% to 71,186.86