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Merrill buys 5 percent in India's Religare before IPO Merrill Lynch has bought a 5 percent stake in Indian financial services firm Religare Enterprises ahead of the company's initial public offering, the Indian company said. 17 Oct 2007
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Citigroup net slides 57 percent on writedowns, losses Citigroup Inc said on Monday that third-quarter profit fell 57 percent as losses mounted from subprime and leveraged loans, fixed-income trading and its U.S. consumer business. 17 Oct 2007
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ICICI Bank sees wealth business up 70 percent India's No.2 lender, ICICI Bank, expects to sustain 70 percent growth in its private wealth management business this year on the back of rising affluence, a senior official said. 17 Oct 2007
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Top foreign bankers vie to manage UTI MF IPO: Report Goldman Sachs, JPMorgan, Lehman Brothers, Morgan Stanley and Merrill Lynch are in the race to manage an initial public offer (IPO) by UTI Mutual Fund, the Times of India newspaper reported. 16 Oct 2007
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Ford pleased with interest in Jaguar and Land Rover Ford Motor Co Chief Executive Alan Mulally said on Monday he is pleased with the "breadth and depth" of interest in Ford's British luxury brands Jaguar and Land Rover. 16 Oct 2007
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Banks to set up $80 bln fund to limit credit crunch Major banks including Citigroup Inc are looking at setting up a roughly $80 billion fund to buy ailing mortgage securities and other assets, in a bid to prevent the credit crunch from further hurting the global economy, sources familiar with the matter said. 15 Oct 2007
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Merrill, Citi buy into Indian commodities bourse Citigroup and Merrill Lynch have bought 5 percent stakes in India's top commodities exchange, valuing it at up to $1.1 billion, or more than the Bombay Stock Exchange which sold stakes earlier this year. 29 Sep 2007
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RIL is richest Indian co., market cap surges past $75 billion Reliance Industries Limited (RIL) has crossed a milestone of $75 billion (Rs. 300,000 crore) market cap on Wednesday, riding on the back of the Bombay Stock Exchange (BSE) Sensex surge of a massive 654 points, becoming the first and only Indian company to do so. 20 Sep 2007
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Merrill Lynch to ramp up asset management biz in India DSP Merrill Lynch plans to ramp up its asset management business in India, aiming to more than double its assets managed in India by 2009 as the number of wealthy people in the country rises. 06 Sep 2007
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DLF chief third richest in India Kushal Pal Singh, chairman of India's leading real estate developer DLF Ltd. became a trillionaire in rupee terms – the third to do so – as DLF shares rose sharply by 4 percent on Monday, July 23, pushing its market value to about Rs. 1,14,744 crore. 25 Jul 2007
