Word: vikram
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...that are still left are its insurance division Primerica and a home-loan business, CitiMortgage. At the time, Citi said it would like to hold on to much of its retail and corporate bank. A Citi spokesperson says that continues to be the bank's plan. In July, CEO Vikram Pandit told financial-news outlet Bloomberg that the bank is "moving extremely fast" on asset sales. He said the bank had already shrunk its assets...
...seem to be breaking. The company said on July 17 that it earned $3.4 billion in its second quarter. It was the second quarter in a row that Citi had announced a profit, after many critics said the company was done for. In a press release, Citigroup CEO Vikram Pandit triumphantly said, "Our financial results today reflect the incredibly dedicated efforts of all of our people around the world and their success in implementing our plan...
...agency. Sinha of the NCPCR says that the court's suggestion - though not legally binding in any way - could be a step in the right direction. "When you are talking about child Labor, no action is trivial," she says. "Every action is important because it is a step forward." Vikram Srivastava from Child Rights and You, however, feels punishing the families is "anti-poor." Because child labor is linked so closely to the economic conditions their families live in, activists say it will be difficult to reign in the practice until poverty is also tackled head...
...weigh in on whether banks' plans are adequate, has been pushing for management changes at some of the banks. Last week, Bank of America was forced to replace its chief risk officer and four of its board members. Reportedly, the FDIC would like Citigroup to dump its chief executive Vikram Pandit. So far, members of the Citi board of directors have said they have no plans to replace Pandit. (Read "Has Wells Fargo Stock...
...will be decided by the masses in India's villages, who vote for the candidate most likely to bring them bijli, pani, sadak - power, water and roads. But even young people in rural areas are looking for something new: not just a better life, but a better system. Vikram Rai, for example, is a 29-year-old college lecturer in Darjeeling, in northeastern India, who can't understand why the water from the lush green countryside is only enjoyed by some people. He has had to buy all his water for the past five years - not just for drinking...