ICICI Bank to raise stake in asset management arm by up to 2%

Private sector ICICI Bank on Friday said its board has approved additional 2 per cent increase stake in its asset management arm ICICI Prudential Asset Management Company. Photograph: Francis......

Infosys ADR offer opens on Monday

Infosys has informed the stock exchanges that its American Depository Receipts offering will open on May 9 and end on May 19. The firm is seeking to convert up to 16 million shares listed on Indian......

Investing in foreign stocks to be easier now

Indian investors have had the option to buy shares listed on foreign stock exchanges for a few years. The process is set to get much easier, with the introduction of Indian Depository Receipts.......

ADR/GDR rights under RBI lens

The Reserve Bank of India has fired the first salvo in regulating activity around voting rights related to global depository receipts and American depository receipts. In a circular issued......