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Citigroup gets economical support from US government

November 25, 2008 – 1:59 am

Citigroup has got US government support of $326 billion, which is roughly equivalent to one-third of the Indian economy.
Citi has received US government guarantees of $306 billion, a cover that will help it sell the sticky assets and irrecoverable mortgages on its books, and a $20-billion cash infusion from the US Treasury, which is over [...]

By rajani | Posted in Property News | Also tagged Asian Markets, Bailout Package, Barack Obama, Cash Infusion, Citi Financial, Citi Group, Citigroup Global Markets, Dalal Street, Delinquencies, Economical Support, European Markets, Finance Arm, Government Guarantees, Government Role, Government Support, Indian Economy, Management Changes, Preferred Stock, President Elect, Shakeout, Sticky Assets, Us Treasury, Vikram S Pandit | Comments (0)

Rreef Enters Indian Real Estate

January 28, 2008 – 8:49 am

Rreef has entered into the Indian real-estate sector with initial investment of $70 million. Rreef is known as global alternative investment manager business of Deutsche Bank. Rreef would be taking an undisclosed stake in Bangalore and Hyderabad based Golden Gate Properties Ltd. Rreef has no specially India dedicated fund, it has [...]

By rajani | Posted in Property News | Also tagged Alternative Investment, Apartment Projects, Bangalore, Commercial Projects, Dedicated Fund, Deutsche Asset Management, Deutsche bank, Global Fund, Golden gate, Golden Gate Properties, Hyderabad, Indian real estate, Initial Investment, Investment Destination, Investment Manager, Majority Stake, Manager Business, Properties Ltd, Real Estate Sector, Residential Apartment, Retail Clients, Rreef, Undisclosed Stake | Comments (0)