Sunday, August 23
San Francisco: Citgroup on Monday said it is selling the last of its business operations in Russia, and expecting to log a $1.1 billion loss in the process.The US banking giant anticipated the sale will close in the first half of 2026 but noted it is subject to regulatory approval."Citi will report its remaining business in Russia as 'held for sale' as of the fourth quarter 2025," the banking group said in a filing with the Securities and Exchange Commission.That move will result in an after-tax loss going on its books in the current quarter, Citigroup said in the filing.AO Citibank, which conducts the company's remaining operations in Russia, is being sold to Renaissance Capital, according to the financial institution.
Mumbai: Institutional behaviour in the Indian stock market in 2025 has been marked by sharp contrasts, with overseas investors pulling record money out, while their domestic peers pumped in like never before. Net foreign selling, at about ₹1.54 lakh crore, is the highest for a calendar year, as slowing growth, pricey valuations and a declining rupee exacerbated the risk-off sentiment. Local institutions - led by pension schemes and mutual funds (MFs) flush with monthly inflows from a swelling retail investor base - remained resilient buyers, pouring ₹7.7 lakh crore into the market this year. This led to domestic institutions' ownership of Indian companies surpassing that of overseas investors in March, with the gap only widening during the rest of the year. "Foreign selling in Indian e
