After shutting down its India retail banking business, Citibank will focus on corporate and institutional banking business in the country as part of a strategic rethink. The bank will focus now on strengthening its position in corporate, commercial and investment banking, treasury and trade solutions, along with markets and securities services. it will look at delivering innovative digital solutions, to large and mid-sized Indian companies and multi-nationals, financial institutions and start-ups. Citi will also focus on growing its five Citi Solution Centers which support global initiatives, with India serving as a strategic talent hub. It will retain its wealth management business to serve institutional clients in a market that is known for rich non-residents. Change in strategy India CEO Ashu Khullar said the change in strategy will help the bank Citi strengthen its ability to service large corporate and institutional clients. "We will continue to deliver our … [Read more...] about What is the future of Citigroup in India?
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New Delhi: Bharti Airtel unveiled a new corporate structure that will see it hold all digital assets, while moving the telecom businesses into a newly created unit, Airtel Ltd. The move sharpens the Sunil Mittal-led entity’s focus on digital operations and helps monetise them. The new structure will also remove telecom regulatory overhang on Airtel’s digital businesses and reduce statutory liabilities related to its mobility business. “The new structure envisages Airtel Digital Ltd folding into the listed entity, Bharti Airtel,” said a company statement on Wednesday. This will encompass Wynk Music , Airtel Xstream, Airtel Thanks app, Mitra payments platform, Airtel Ads, Airtel IQ, Airtel Secure , Airtel Cloud and all future digital products and services. “The digital ambition of Bharti Airtel is closely intertwined with the spine that connectivity provides across the country. It is, therefore, intended to house all the telecom businesses in a newly created entity, Airtel … [Read more...] about Airtel introduces new corporate structure to focus on digital assets
Touch ID isn't just for unlocking your iPhone: App Store apps can integrate Touch ID if they choose, too. Given that we store lots of personal and sensitive information on our iPhone, it's important to safeguard certain apps with passwords — or, in the case of Touch ID, fingerprint protection. Here are some of the best iPhone apps that do a great job of integrating Touch ID. PayPal Evernote 1Password Dashlane LastPass Mint Authy Scanner Pro Documents 5 Day One Dropbox PayPal What better way to for stuff online than PayPal, and what better way to use PayPal on your iPhone than with Touch ID? You can usually save your PayPal credentials, and if someone gets ahold of your iPhone, you could be seeing some unusual purchases appear on your next credit card statement. Protect your PayPal account and protect your money with Touch ID and the PayPal app! Free - Download now Evernote Take notes, set … [Read more...] about Best Touch ID apps for iPhone
Retail brokerage Robinhood Financial did not report a certain type of stock trade it executed for customers last year to a public data feed, according to regulatory data analyzed by Reuters and a source familiar with the matter. So-called fractional shares are offered by many brokerages. They let investors buy a slice of a share instead of the whole thing, so rather than forking out more than $3,000 on a share of Amazon.com Inc , an investor can buy as little as $1 worth. Brokerages are required to report all their trades to trade execution facilities (TRFs), according to Financial Industry Regulatory Authority (FINRA) and U.S. Securities and Exchange Commission rules. FINRA's enforcement has fined other brokerages, including Merrill Lynch and Deutsche Bank AG 's U.S. securities division, for violations of its reporting and supervisory rules in the past. Robinhood launched its fractional share service in December 2019, according to its website, but only began … [Read more...] about Robinhood failed to disclose certain trade executions to public feed:Report
Efforts to stimulate domestic consumer market continue as pandemic threatens exports The Ha Noi Department of Industry and Trade will organise five Vietnamese Goods Weeks this year to stimulate demand. Photo baodauthau.vn The Ministry of Industry and Trade will organise conferences to connect producers, suppliers and retailers, and events for producers and traders, especially small traders, to help take goods to residential areas, industrial parks and rural and mountainous regions, the Sai Gon Giai Phong (Liberated Sai Gon) newspaper reported. It will help encourage consumption by fostering the evening economy and holding fairs and exhibitions of products and services. It continues to implement the ‘Vietnamese people give priority to using Vietnamese goods’ programme. It will also promote the adoption of IT and foster e-commerce. The Ha Noi Department of Industry and Trade will organise five Vietnamese Goods Weeks this year to stimulate demand. To be held in … [Read more...] about VIETNAM BUSINESS NEWS APRIL 16