ICICI Bank
Why Sahara India Life to go to SBI Life, not ICICI Prudential Life? Unanswered questions
The Insurance Regulatory and Development Authority of India (IRDAI) on Friday ordered the transfer of Sahara India Life's insurance business to listed SBI Life Insurance Company Ltd.Interestingly, the IRDAI had issued a similar order on July 28, 2017.However, by that order, it had ordered transfer of Sahara India Life's.
While most global equity markets are rising 5-20% in 2023, India is flat
Notably, the index was extremely volatile and swung around 776 points before closing 705 points higher. Nifty50 has been underperforming the emerging markets and the world indices in CY23YTD amid varied global macro headwinds viz., inflation, interest rates, and currency, the report said. While most of the global equity markets are rising.
Indian equity markets to trade in range-bound manner: ICICI Securities
"Indian equity markets overall are likely to trade in a range-bound manner in the near term. From the 10 per cent fall from their peak, the bounce back was sharp with selling pressure at higher levels as well. This trend of buying at lower levels and selling pressure at higher levels is likely to continue in the near term," the report said.
ICICI-Videocon loan fraud case: CBI chargesheets against Kochhar, Dhoot
As of now, the court has not taken cognisance of the matter. The case was first registered on 22.1.2019 against Videocon International Electronics Limited Videocon Industries Limited, Venugopal Nandlal Dhoot, Chanda Kochhar, Deepak Virendra Kochhar, NuPower Renewables Limited, Supreme Energy Private Limited.
Margin recovery highlight of Q3 results: ICICI Securities
"This is post a low of 14.7 per cent margin recorded in the last quarter i.e. Q2FY23. On an aggregate basis (ex-financials), the Nifty topline for Q3FY23 was largely flat QoQ at Rs 13.4 lakh crore with EBITDA up 16 per cent QoQ at Rs 2.3 lakh crore and PAT by 16.6 per cent QoQ at Rs 1.1 lakh crore," the report notes.
Life insurance scrips suffer from 'Halahala' poison in Amrit Kaal budget
Barring the ICICI Prudential Life Insurance scrip which opened positive, the shares of other listed life insurers were in red for a second consecutive day. The shares of ICICI Prudential that closed at Rs 402.55 on Wednesday opened at Rs 396.95 and went up to Rs 410.61 and changed hands for Rs 407.
SBI, ICICI Bank & HDFC Bank continue to be systematically important banks: RB
SIBs are those financial institutions which are too big to fail. "SBI, ICICI Bank and HDFC Bank continue to be identified as domestic systemically important banks (D-SIBs), under the same bucketing structure as in the 2021 list of D-SIBs," an RBI circular issued on Monday said. RBI had announced SBI and ICICI Bank as D-SIBs in 2015 and 2016.
Mumbai court extends CBI custody of Kochhars, Dhoot till Thursday
While the Kochhars were nabbed on Friday, Venugopal Dhoot was arrested by the CBI on Monday in connection with a loan fraud case. They were produced before the special CBI court by the Central Bureau of Investigation (CBI) after their custody ended on Wednesday.
Ex-Forbes lister Dhoot & Videocon's 'big con' on ICICI Bank
Though starting in a small way in Aurangabad, initial quick successes, certain right business decisions, quick wealth flowing in led to an 'intoxication' coupled with ambitions and greed, that led to the collapse of the Group, all in less than four decades. The paterfamilias, the venerable Nandlal Madhavlal Dhoot had a largely agriculture background, plus an Indian scooters dealership, and then he launched the modest consumer electronics company, Videocon Industries Ltd. in 1984.
'Was collecting evidence', says CBI on delay in making arrests in ICICI Bank loan fraud case
The CBI had filed an FIR in the matter on January 22, 2019 while preliminary enquiry (PE) was initiated on December 8, 2017. Initially, the PE took two years to reach a conclusion that a loan fraud of Rs 3,250 crore was made. Two years after the PE, the CBI finally deemeed it fit to lodge an FIR against the accused persons. However, no action was taken after that.
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