The ICICI board, which consists 12 members, is divided on whether Kochhar should be on leave during the internal enquiry
The number of dematerialised (demat) accounts required to hold shares and other securities in electronic format rose by 3.1 million in April, bringing the total tally to a fresh record of 154.5 million. Since December last year, the new additions have consistently remained above the 3 trillion mark, a sign that the stock markets continue to attract new investors despite a spike in volatility.
Despite Covid downturn, CEO salaries went up by an average of 19% in FY21.
The money will be used to build capacity.
Rising outgo towards clearing and settlement fees has led to an altercation between the BSE and the National Stock Exchange of India (NSE), with the latter striking down the former's request to lower the charges. NSE said it has no plans to restructure the same and that it will continue with the pricing defined under the interoperability framework. The interoperability framework, introduced in 2019, allows trades executed on any of the exchanges to be settled or cleared at either of the two clearing corporations -- NSE Clearing (NCL) or Indian Clearing Corporation (ICCL), fully-owned by the NSE and the BSE, respectively.
Puri earned a salary of Rs 7.39 crore in FY15, up 21.74% from last year
'Private General insurers are poised to grow at 17 per cent - 18 per cent over the next 5 to 7 years and we will grow faster.'
Earlier this year, Ganguly was hospitalised in January twice after complaining of chest discomfort. Ganguly had suffered a heart attack while exercising at his Kolkata home and underwent a right coronary angioplasty.
Multiple concerns have, of late, raised questions about India's continuing growth story. Persisting high inflation threatened a hard landing for India's economy, says Shikha Sharma.
Hyundai Motor India expects SUV sales to account for 65 per cent of its overall volumes in 2024, while it gears up to enter the EV segment early next year, aiming to garner 20 per cent of its total sales by 2030, its COO Tarun Garg said on Tuesday. The automaker, which got around 60 per cent of its overall volumes from sports utility vehicle (SUV) sales last year, plans to invest Rs 7,000 crore on its second plant at Talegaon, according to Maharashtra Deputy Chief Minister Devendra Fadnavis. The company officials however declined to comment on the matter.
You see the Thar is not just a Car.... It is The Thar.
Pawan Munjal, MD & CEO, tells Business Standard that Hero Motor is firming up distributors abroad and considering assembly bases in some countries to sell a million units outside India by 2017.
Twenty years after India's insurance sector was opened up, unshackling the control of state-owned companies, as many as 50 private players have set up shop. Along with their foreign partners, private players have brought about a sea change in the product offering, distribution and underwriting processes, and services levels. Yet, India's insurance penetration needle has not moved much.
It was merely an obligation in the past, but financial inclusion has now turned into a big business opportunity for private banks.
In an online chat hosted by Get Ahead last week, Manish Khanna of UEI Global Institute addressed reader queries on the importance of vocational education and suggested ways to improve their vocational skills.
Private equity (PE) investments in real estate sector fell 32 per cent to $4.3 billion in the last fiscal year mainly due to the COVID-19 pandemic, according to property consultant Anarock. PE investments in real estate stood at $6.3 billion in the 2020-21 financial year. According to Anarock Capital's FY22 year-end edition of its FLUX report, PE inflows in real estate were $5.1 billion in FY'20, $5.6 billion in FY'19 and $5.4 billion in 2017-18 fiscal. The consultant attributed the fall in PE investments in real estate to the second wave of the COVID-19, leading to multiple lockdowns in various parts of the country.
Vodafone India MD & CEO Marten Pieters, 59, blames regulation and the spectrum policy for the telecom industry's troubles.
Encourage domestic savings by providing tax incentives for investment in insurance and pension schemes.
Cites rising inputs costs, volatility of the rupee-euro, high interest rates for increased prices.
The second half of the financial year will be an important milestone for ICICI Bank.
During his tenure with the group, Bagchi has held several key positions in retail banking, corporate banking and treasury.
Naresh Nayyar, MD & CEO, Essar Oil, tells Business Standard that a windfall profit tax on private oil companies will only worsen the situation.
IT major Infosys Technologies would be focusing on emerging countries, including Brazil, China and India.
The Indian Institute of Management, Lucknow, invites industry delegates and management students to attend its annual IT management seminar, AIMS 2006.\n
Chanda Kochhar on fate and hard work - the cornerstones of her career in the banking world.
'Have a long way to go even as a small finance bank, both in terms of size, and in terms of fulfilling our aspirations for financial inclusion.'
The unclaimed funds within the life insurance sector are higher from policies sold by agents as against other channels like bancassurance or a digital platform, said analysts and officials from insurance companies. Unclaimed life insurance funds refer to the proceeds of insurance policies including death or survival benefits not claimed by the beneficiary or the policyholder. Bancassurance means selling an insurance product through banks.
Wilfried Aulbur, MD & CEO of Mercedes-Benz India speaks about his plans for India
Hindustan Unilever Chairman Harish Manwani, MD & CEO Nitin Paranjpe and CFO R Sridhar speaks to Business Standard after the announcement of the financial results of the company in Mumbai on Tuesday.
For one, women comprise almost half of India's population, yet less than 5 per cent women are corporate directors and less than half of that are independent directors.
The maintenance, repairs and overhault firm, which has six investors, received its first external funding from GTI Group and Punj Lloyd in 2007. All existing investors will exit the company following the transaction.
The Reserve Bank of India on Monday said that RBL Bank is well capitalised and its financial position remains "satisfactory", amid speculations relating to the private sector lender in certain quarters in wake of recent events surrounding the bank. In a statement, the Reserve Bank of India (RBI) also said there is no need for depositors and other stakeholders to react to speculative reports. The bank's financial health remains stable, it said.
Suvidhaa has 22,000 outlets in 500 cities and towns and has plans of taking it to 100,000 outlets in the next two years, maintaining a balance between metro and rural areas.
Among the Sensex firms, Axis Bank, Power Grid, Maruti, State Bank of India, Tata Motors, ITC, Nestle and Mahindra & Mahindra were the major gainers. Bajaj Finance and Larsen & Toubro were the laggards.
India's leading banks are seizing opportunities in an emerging low-carbon economy.
The average deal size has gone up from $7 million in 2009 to $12 million this year.
Tata Consultancy Services (TCS) is likely to delay its Rajarhat campus in West Bengal, as part of a string of cost-management initiatives to cope with the pangs of the global meltdown.
The MCX Stock Exchange (MCX-SX) is likely to start trading in equities in the next two-to-three months, a top company official said.
