Indian Oil, Reliance lead Indian 8 in Fortune 500
July 10th, 2012 - 11:24 am ICT by IANS
Washington, July 10 (IANS) Eight Indian companies have made it to Fortune magazine's 2012 list of world's 500 largest companies with public sector Indian Oil and Mukesh Ambani-led Reliance ... Read more...
Posted in Business |
Citi’s Pandit sued over excessive pay
April 21st, 2012 - 11:17 am ICT by IANS
Washington, April 21 (IANS) Citigroup's Indian American CEO Vikram Pandit and its directors have been sued by a bank shareholder over a compensation package that was contested by investors in ... Read more...
Posted in Business |
Pandit’s Citi makes profit with India sale
April 17th, 2012 - 11:16 am ICT by IANS
Washington, April 17 (IANS) Profits at Citigroup led by Indian American CEO Vikram Pandit rebounded to $2.9 billion in the first quarter of 2012 with revenue boosted by the sale ... Read more...
Posted in Business |
Amid tough times, Citibank to cut 4500 jobs
December 7th, 2011 - 11:03 am ICT by IANS
Washington, Dec 7 (IANS) US banking giant Citigroup, led by Indian-American Chief Executive Vikram Pandit, is set to lay off about 4,500 employees over the next few months to ... Read more...
Posted in Business |
Financial world needs more transparency: Vikram Pandit
November 8th, 2011 - 12:38 pm ICT by IANS
Washington, Nov 8 (IANS) Citigroup's Indian American Chief Executive Vikram Pandit says last week's collapse of MF Global Holdings Inc. proves that the financial world needs ever more transparency on ... Read more...
Posted in Uncategorized |
‘Occupy Wall Street’ growing bigger by the day (Lead)
October 13th, 2011 - 8:11 pm ICT by IANS
Washington, Oct 13 (IANS) As a protest movement against corporate America grows bigger by the day, Citigroup's Indian American CEO Vikram Pandit thinks the sentiments of the Occupy Wall Street ... Read more...
Posted in Business |
Vikram Pandit: ‘Occupy Wall Street’ sentiments understandable
October 13th, 2011 - 11:24 am ICT by IANS
Washington, Oct 13 (IANS) Banking giant Citigroup's Indian American CEO Vikram Pandit thinks the sentiments of the Occupy Wall Street protesters are "completely understandable" as US economy recovery fell short ... Read more...
Posted in Business |
US sues financial firms over mortgage losses
September 3rd, 2011 - 12:44 pm ICT by IANS
Washington, Sep 3 (IANS) A US federal agency has filed lawsuits against 17 financial institutions, including Indian-American CEO Vikram Pandit-led Citigroup, in an attempt to recover billions of dollars in ... Read more...
Posted in Business |
Pandit says Citigroup now ‘a different company’
August 10th, 2011 - 12:34 pm ICT by IANS
Washington, Aug 10 (IANS) Citigroup's Indian American CEO Vikram Pandit has reassured employees that notwithstanding the decline in its stock price, the bank was healthier than it was before the ... Read more...
Posted in Uncategorized |
US wallows in debt but its firms hoard $2 trillion in cash
August 8th, 2011 - 11:29 am ICT by IANS
Washington, Aug 8 (IANS) Corporate America led by Citibank, headed by Indian American chief executive Vikram Pandit, is sitting on a colossal $2 trillion in cash. Of this, $1.4 ... Read more...
Posted in World |
Citi’s Vikram Pandit gets a $22.5 million pay package
May 19th, 2011 - 10:27 am ICT by IANS
Washington, May 19 (IANS) After working for years for a token annual salary of $1, Citigroup's Indian American CEO, Vikram Pandit has received a $22.5 million retention package that's partly ... Read more...
Posted in Uncategorized |
Indra Nooyi, Sanjay Jha among highest paid CEOs in US: Report
May 10th, 2011 - 7:41 pm ICT by IANS
Washington, May 10 (IANS) Five Indian Americans, including PepsiCo chief Indra Nooyi and Motorola Mobility's Sanjay Jha, are among the highest paid CEOs in the US, according to a new ... Read more...
Posted in Business |
Citi’s Pandit gets a big raise: from $1 to $1.75 million (Lead)
January 22nd, 2011 - 4:00 pm ICT by IANS
By Arun Kumar
Washington, Jan 22 (IANS) Vikram Pandit, the Indian American CEO of Citigroup Inc, is getting a big boost in his base salary from just $1 to $1.75 million after the ... Read more...
Posted in Business |
Several parties involved in Citibank fraud, says Aggarwal
January 5th, 2011 - 10:34 pm ICT by ANI
Gurgaon, Jan 5 (ANI): Sanjeev Aggarwal, who is the first complainant in the Rs. 300 core Citibank fraud, on Wednesday asserting that the fraud is a systemic failure said several parties are ... Read more...
Posted in Feature |
Citibank fraud: Gurgaon Police registers FIR against Citi Group CEO Pandit
January 4th, 2011 - 10:00 pm ICT by ANI
Gurgaon, Jan 4 (ANI): Gurgaon Police on Tuesday registered an FIR against Citi Group CEO Vikram Pandit and ten other officials in the cheating case worth around Rs. 300-crore pulled off by ... Read more...
Posted in National |
Nooyi, Jha, Pandit among US’ top-paid CEOs: Report
November 16th, 2010 - 12:36 pm ICT by IANS
By Arun Kumar
Washington, Nov 16 (IANS) PepsiCo's Indra Nooyi, Motorola's Sanjay Kumar Jha and Citigroup's Vikram Pandit are the three Indian-Americans among US' highest paid CEOs listed by Wall Street Journal.Nooyi is ... Read more...
Posted in Business |
Over 200 top chief executives coming with Obama
October 29th, 2010 - 12:56 pm ICT by IANS
By Arun Kumar
Washington, Oct 29 (IANS) With trade high on his agenda, some 200 odd top US business chiefs, including soft drink giant Pepsico's India-born CEO Indra Nooyi, are expected to ... Read more...
Posted in Business |
Citi’s Pandit will work for $1 in 2010 too
September 25th, 2010 - 11:16 am ICT by IANS
By Arun Kumar
Washington, Sep 25 (IANS) Citigroup's India-born CEO Vikram Pandit has decided to work for just $1 for the second year in a row.Pandit, who has restored the ailing banking ... Read more...
Posted in Business |
Obama signs law to prevent another recesssion (Lead)
July 22nd, 2010 - 1:22 am ICT by IANS
By Arun Kumar
Washington, July 21 (IANS) US President Barack Obama has signed into law the most sweeping financial industry reform legislation since the Great Depression, terming it insurance against the kind ... Read more...
Posted in Business |
Trade, investment top India-US CEOs Forum agenda
June 21st, 2010 - 12:41 pm ICT by IANS
By Arun Kumar
Washington, June 21 (IANS) Trade, investment, and an easier visa regime are expected to be the key focus as Indian and US policymakers and corporate leaders meet here Tuesday ... Read more...
Posted in Business |
Mukherjee heads high-power team to CEOs meet in D.C.
June 18th, 2010 - 7:50 pm ICT by IANS
New Delhi, June 18 (IANS) Finance Minister Pranab Mukherjee heads a high-power team of policymakers and corporate leaders to the India-US CEOs Forum in Washington Sunday to outline the next steps ... Read more...
Posted in Business |
Citibank in the dock for firing ‘distracting’ woman
June 4th, 2010 - 12:18 pm ICT by IANS
New York, June 4 (IANS) Citibank is facing an unusual lawsuit in which a woman executive says she was fired last year because her bosses thought she was "too distracting" for male ... Read more...
Posted in World |
Pandit’s Citi reports $4.4 billion profit for first quarter
April 20th, 2010 - 10:23 am ICT by IANS
By Arun Kumar
Washington, April 20 (IANS) As Citigroup announced a profit of $4.4 billion in the first quarter, its biggest in almost three years, the banking giant's Indian American CEO Vikram Pandit ... Read more...
Posted in Business |
Pune born, Delhi educated Ajay Banga is new CEO of MasterCard
April 13th, 2010 - 12:58 am ICT by IANS
By Arun Kumar
Washington, April 12 (IANS) Pune-born, Delhi-educated, IIM-Ahmedabad alumnus Ajay Banga has been appointed as the chief executive officer (CEO) of electronic payment services provider MasterCard.Banga, 50, would take over July ... Read more...
Posted in Business |
Pandit says Citi now ‘fundamentally different’, much healthier
March 5th, 2010 - 1:11 pm ICT by IANS
By Arun Kumar
Washington, March 5 (IANS) Citigroup's Indian American CEO Vikram Pandit says the troubled banking giant is today "fundamentally different" and far healthier than when he took over thanks to an ... Read more...
Posted in Business |
Obama’s bank regulation is right: Vikram Pandit
February 1st, 2010 - 11:32 am ICT by IANS
Washington, Feb 1 (IANS) Vikram Pandit, the Indian American CEO of Citigroup, says President Barack Obama's plans to regulate and limit the size of banks is the "right direction".
As the ailing ... Read more...
Posted in Business |
Pandit’s Citigroup loses $7.58 bn as it repays bailout
January 19th, 2010 - 9:32 pm ICT by IANS
By Arun Kumar
Washington, Jan 19 (IANS) Citigroup led by Indian American CEO Vikram Pandit Tuesday said it lost $7.58 billion in the fourth quarter of 2009 as the banking giant paid back ... Read more...
Posted in Business |
Saudi prince tells Vikram Pandit: Deliver in 2010
January 16th, 2010 - 12:35 pm ICT by IANS
By Arun Kumar
Washington, Jan 16 (IANS) 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 ... Read more...
Posted in Business |
India will quickly return to 9-10 percent growth: PM
January 8th, 2010 - 12:03 am ICT by IANS
New Delhi, Jan 7 (IANS) Prime Minister Manmohan Singh Thursday told overseas Indians that India will quickly return to a sustained high growth path of 9-10 percent and sought new avenues ... Read more...
Posted in Business |
Pandit’s Citi returns $20 bn in bailout funds
December 24th, 2009 - 10:42 am ICT by IANS
By Arun Kumar
Washington, Dec 24 (IANS) Banking giant Citigroup, led by Indian American CEO Vikram Pandit, has repaid $20 billion it received in bailout funds as it works to free itself from ... Read more...
Posted in Business |
Indians are head-and-shoulders above other immigrants in US: Forbes
December 22nd, 2009 - 11:05 am ICT by IANS
By Arun Kumar
Washington, Dec 22 (IANS) Pepsico chief executive Indira Nooyi inevitably tops the list of what Forbes calls "Eight Indian-Flavoured CEOs" who lead US corporations with revenues of at least $2 ... Read more...
Posted in Business |
Citi to raise $20.5 billion to pay back US government
December 17th, 2009 - 12:44 pm ICT by IANS
New York, Dec 17 (IANS) Citigroup, led by Indian American chief executive Vikram Pandit, intends to raise $20.5 billion in the stock market as part of its plan to repay bailout money ... Read more...
Posted in Business |
Pandit’s Citi to return $20 billion in bailout money
December 14th, 2009 - 8:34 pm ICT by IANS
By Arun Kumar
Washington, Dec 14 (IANS) Ahead of a meeting with President Barack Obama, Citigroup's Indian American CEO Vikram Pandit Monday announced that the banking giant has struck a deal with ... Read more...
Posted in Business |
Vikram Pandit’s Citi records $101 million profit on recovery road
October 16th, 2009 - 10:47 am ICT by IANS
By Arun Kumar
Washington, Oct 16 (IANS) The Citigroup led by its Indian American chief executive Vikram Pandit has reported a slim profit of just $101 million in the third quarter, indicating its ... Read more...
Posted in Business |
Vikram Pandit and his Citi get good marks
October 8th, 2009 - 1:50 pm ICT by IANS
By Arun Kumar
Washington, Oct 8 (IANS) An outside review of Citigroup Inc.'s management team has concluded that it is generally in good shape and awarded strong overall marks in particular to the ... Read more...
Posted in Business |