Vikram Pandit, who ran Citigroup Inc. during the financial crisis, said developments in technology could see some 30 per cent of banking jobs disappearing in the next five years.

An Indian-origin former CEO of a penny stock company, charg-ed with making false claims and engaging in manipulative trading, has been ordered to pay a hefty fine of $294,000.

'We're going to look at the performance for every operating company'growth rates, profitability and return on capital'

Diversified Mahindra group plans to invest $1 billion across business verticals in the US over the next five years as it aims to double revenues from the American market to $5 billion.