The proposal was approved by the Foreign Investment Promotion Board (FIPB), headed by Economic Affairs Secretary Arvind Mayaram.

The former Citi CEO will acquire 50% stake in JM's non-banking financial company and buy 3% stake in the parent co.

Vikram Pandit, who will invest $110 million to acquire stakes, will use the platform to enter banking business in India.

New York Vikram Pandit, who stepped down as Citigroup's CEO, stands to forfeit almost $33 million in cash and stock from a retention packag...

Michael Corbat, the new chief & successor of Vikram Pandit at Citigroup, will take home an annual base salary of $ 1.5 mn besides regular i...

Citigroup's CEO Vikram Pandit, who led the bank through a US bailout while reaping $261 mn for himself, was replaced by Michael Corbat, who...

Citigroup Inc directors ousted CEO Vikram Pandit after concluding that he had mismanaged operations , leading to setbacks with regulators a...

Timothy Geithner resisted Sheila Bair's efforts to replace Vikram Pandit as CEO of Citigroup in early 2009, according to Bair's memoir.

Hailing Indian banks for their "great job", Citigroup chief Vikram Pandit said they need to be well-capitalised and prepared to exploit a "...

A hacker group claimed it has leaked personal details of Citigroup chief Vikram Pandit in its bid to retaliate the arrest of 'Occupy Wall S...

Citigroup, which needed a government bailout to survive, is out of the woods now, thanks to Pandit's tough decision to cut costs and jobs.

Economics was the dominating factor over the past two to three decades, but it’s politics that will be the driving theme for a period of ti...

India-born Chief Executive Officer of Citigroup, Vikram Pandit, was awarded Banker of the Year by Euronext magazine for having executed one...

Citigroup chief Vikram Pandit will try to convince investors that the financial services major is on a recovery path, following fresh conce...

Citigroup chief executive Vikram Pandit has asked the US to give the financial entity a chance. Gainers: BSE ( A, B ) | NSE | Losers: BSE (...

Nagpur-born Vikram Pandit who became the CEO of Citigroup on Tuesday, has been described by some Wall Street insiders as a conservative ban...

Vikram Pandit, an Indian origin banker, is understood to be in the reckoning to head the world's largest banking institution Citigroup.