Tata Motors raises $3 billion, may clinch deal with Ford next week Tata Motors has arranged a $3 billion one-year bridge loan from a consortium of domestic and international banks led by State Bank of India (SBI) to finance the acquisition of cash-strapped Ford Motor Co.'s British luxury brands Jaguar and Land Rover and is set to clinch the deal next week. 19 Mar 2008
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Bharat Forge to set up Rs.6,500 crore steel unit in West Bengal Bharat Forge, the 2nd largest forging company in the world and the flagship company of Kalyani Steel Ltd., has signed a memorandum of understanding (MoU) with state industry and minerals officials to set up a Rs.6,500 crore steel plant in West Bengal. 08 Mar 2008
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Pandit, in Citigroup's hot seat, has task cut out Vikram Pandit, Citigroup Inc's new chief executive, has taken on one of the toughest jobs in corporate America. Whether he is up to running the largest U.S. bank and fixing its many problems remains to be seen. 12 Dec 2007
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Citigroup names Pandit CEO, Bischoff chairman Citigroup Inc named investment banking head Vikram Pandit as chief executive and acting CEO Win Bischoff as chairman on Tuesday, disappointing investors who wanted a big-name outsider to overhaul the bank. 12 Dec 2007
ICICI Venture to buy 5 percent stake in MCX: Report ICICI Venture, one of the largest and most successful private equity firms in India with funds under management in excess of $2 billion, is close to buying a 5 percent stake in the Multi Commodity Exchange of India (MCX). 02 Dec 2007
Citigroup board spurns Bank America overture: Report Citigroup Inc got a call from a prominent investment banker suggesting a merger with Bank of America Corp as it was dealing with billions of dollars in mortgage-related losses and the departure of Chief Executive Charles Prince, the Wall Street Journal reported Wednesday in its online edition. 29 Nov 2007
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Citigroup to sell 4.9 percent stake to Abu Dhabi for $7.5 billion Citigroup Inc is selling up to 4.9 percent of itself for $7.5 billion to the Gulf Arab emirate of Abu Dhabi, giving the largest U.S. bank fresh capital as it wrestles with the subprime mortgage crisis and a search for a new chief executive. 28 Nov 2007
