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ICICI Securities, IDFC and Kotak Capital to manage EIL stake sale ICICI Securities, IDFC and Kotak Capital to manage EIL stake sale At the market price of around Rs 175 a share, the 10 percent stake sale could fetch about Rs 600 crore to the exchequer.
ICICI Lombard hopes to grow over industry average in FY14 ICICI Lombard hopes to grow over industry average in FY14 Private sector general insurer ICICI Lombard is hopeful of clocking a premium growth of 2-3 percent higher than the industry average in the current financial year, a top company official has said.
ICICI gets Rs 400 crore from its Canadian arm ICICI gets Rs 400 crore from its Canadian arm Private sector lender ICICI Bank Thursday said its Canadian subsidiary has repatriated Canadian dollars 75 million (about Rs 400 crore) of capital back to the parent.
Sensex hits 28-month high as RIL, ICICI Bank gain Sensex hits 28-month high as RIL, ICICI Bank gain The NSE 50-share Nifty also firmed up by 23.15 points or 0.38 percent to close at more-than 30-month high of 6,169.90. Previously, it had closed at 6,194.25 on November 11, 2010.
Five merchant bankers in race for EIL disinvestment Five merchant bankers in race for EIL disinvestment IDFC, Edelweiss Financial Services, IDBI Capital Market Services, Kotak Mahindra Capital Company and ICICI Securities would be making presentations before an inter-ministerial group (IMG) on May 20.
IRDA probing money laundering allegations against insurers IRDA probing money laundering allegations against insurers Insurance regulator IRDA Monday said it is examining the allegations of money laundering levelled against LIC, Reliance Life, Tata AIA and Birla Sunlife and action will be taken against the guilty at the earliest.
No clean-chit to ICICI, HDFC, Axis; show-cause notices on way: RBI No clean-chit to ICICI, HDFC, Axis; show-cause notices on way: RBI The Reserve Bank on Friday said it has not given clean-chit to ICICI Bank, HDFC Bank and Axis Bank, which are accused of money laundering and flouting KYC norms, and stated the probe against the three banks is still on.
Room for policy rate cut by RBI, says Kochhar Room for policy rate cut by RBI, says Kochhar A day ahead of RBI's annual monetary policy announcement, ICICI Bank CEO and Managing Director Chanda Kochhar on Thursday said there is headroom for RBI to cut interest rates as inflation is trending downward.
ICICI prudential gets over Rs 130 cr tax notice ICICI prudential gets over Rs 130 cr tax notice The Finance Ministry has asked private sector insurer ICICI Prudential to cough up over Rs 130 crore for alleged evasion through non-payment of service tax.
Only transactional errors, no money laundering: Kochhar Only transactional errors, no money laundering: Kochhar ICICI Bank on Friday said some "transactional errors" have been discovered in the audit done following a sting operation by a online news portal but insisted there were no instances of money laundering.
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