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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. AO Citibank, which conducts the company's remaining operations in Russia, is being sold to Renaissance Capital, according to the financial institution. gc/sla
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News and Media
Indian stock markets saw a stark contrast in 2025. Foreign investors withdrew record funds, citing slowing growth and a weak rupee. However, domestic institutions, fueled by retail investor inflows, invested significantly. This shift led to domestic ownership of Indian companies exceeding foreign ownership. Despite market gains, Indian stocks underperformed other Asian markets. Domestic inflows provided crucial support to the market.
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News and Media
The Indian Rupee weakened by eight paise on Monday, closing at 89.98 against the US Dollar. Foreign fund outflows and a downturn in domestic stock markets pressured the currency. Importers' demand for dollars also contributed to the decline. Analysts anticipate the Rupee to trade within a specific range this week, with key US economic data on the horizon.
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News and Media
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