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ICICI Bank holds stake of just under 75% in ICICI Securities, data showed. The companies said they will hold separate board meetings on Thursday to consider delisting proposal.
According to Ajay Saraf, head of investment banking and institutional equities at ICICI Securities Ltd, the new roles will be concentrated in sectors such as technology and health care.
Former ICICI MD & CEO Chanda Kochhar’s husband Deepak Kochhar was arrested Monday and is currently in ED custody in connection with a money laundering probe.
The Singapore government’s sovereign wealth fund picked up 11.08 per cent of the placement, while a Morgan Stanley investment fund bought 7.31 per cent, the bank said.
Former ICICI CEO Chanda Kochhar is required to assist the investigating officer and her statement will be recorded under the Prevention of Money Laundering Act (PMLA)
‘The tirade against capitalism is wholly unfounded. Capitalism as it has shaped during the past quarter of a century is a far better method of developing the economic resources of any country,’ wrote DN Hosali in 1956.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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