Citi Group Nears Japan Exit; SMBC to Buy Bank's Retail Unit

Citi Group, the third-largest US bank, has reportedly entered into advanced talks with SMBC, a unit of Sumitomo Mitsui Financial Group, to sell its retail banking unit in Japan as the sector has been grappling with losses. Dec 10, 2014
Burger King

Burger King Embroiled in Trademark Lawsuit with Indian Joint

Burger King, the famous Miami-based fast food joint that launched in India in November this year, may have to find a new name for its brand to operate in the country as it is embroiled in a trademark lawsuit with an Indian burger joint of the same name. Dec 9, 2014

BSE closes points 322.39 down on Dec 9

New Delhi, Dec 9 (ANI): Trading at the Bombay Stock Exchange today closed 322.39 points down to stand at 27,797.01. At the National Stock Exchange the Nifty closed 97.55 points down to stand at 8,340.70. JETAIRWAYS and RASOYA PROTEINS LTD. were among the top gainers of Group A with an increase of 6.32% and 4.76% along with SOBHA and NCC with an increase of 4.51% and 3.99% respectively, while the top losers of Group A include TV18 BROADCAST LTD. and INDIA CEMENTS LTD. with a decrease 7.91% and 6.02% along with NETWORK18 and THERMAX with a decrease of 5.99% and 5.46% at the close of the markets. The Auto sector is down 240.94 points at 18,845.61 while the banking sector is down 270.90 points at 20,947.15 and the reality sector is down 22.93 points at 1,659.99. The Indian currency is up 0.1% at Rs 61.89 per dollar. Dec 9, 2014