'When Pinnacle Trust bought the stake of Supreme Energy, it included a liability of Rs 640 million. The purchase was at a fair market value (prevailing price) of Rs 8.80 per share,' Deepak Kochhar said in a telephonic conversation with Business Standard.
Generally, the central bank grants its approval by mid-March, or latest by March 31, but most banks have not received RBI approval on bonus packages this year.
The list acknowledges the 'inroads women are making in the business world'.
Blind spots of the company were two-fold - managing cash flow and investments to upgrade technology and continue research and development.
Market leaders in this line of business - New India Assurance and Tata AIG - have begun to reassess the premium on risk exposure of their portfolio in the director's and officer's liability business.
ICICI bank waives ATM charges.
Assocham told Modi policy makers needed to act fast to "bullet proof" India from global jitters.
With more firms now offering stock options to their chief executives, the salaries of these managers are sky-rocketing.
'The web of transactions is so complex that it requires expertise to understand the strategies involved in each fraud.'
YES Bank raises base rate; HDFC Bank, Axis hike deposit rates.
ICICI Bank CEO Chanda Kochhar stirred a hornet's nest this week when she linked the low numbers of women in B-school to a focus on quantitative ability in the testing process.
The I-T department said NuPower's balance sheet did not substantiate the high premium paid by Singapore-based DH Renewables for its shares, and suspects it could be a case of round-tripping of unaccounted income by NuPower.
How Chanda Kochhar and her husband Deepak Kochhar find themselves in a huge controversy.
India's state banks are under pressure to improve profitability.
The largest private sector lender is also looking to open a full-fledged branch in China, where it already has a representative office, managing director and CEO, Chanda Kochhar said during the bank's 19th annual general meeting in Vadodara.
Prime Minister Narendra Modi is likely to urge Tim Cook to begin manufacturing its prized iPhones in India.
The Centre had set up a Commission under former Reserve Bank of India Governor Bimal Jalan to suggest steps to rationalise subsidy and help the government in effectively bringing down the fiscal deficit.
Prime Minister Narendra Modi on Thursday launched the ambitious 'Make in India' campaign to make India a global manufacturing hub, create jobs and boost economic growth.
'The Modi government needs some big private sector trophies to affirm its anti-corruption credentials before the polls.' 'So on whose neck will the sword fall next?' 'To that extent, the outing of the ICICI Bank-Videocon story is cathartic,' says Shekhar Gupta.
India's top banker Chanda Kochhar shares valuable life lessons in a letter to her daughter.
Women are opting out of high-flying career due to family responsibilities, says a study.
The Reserve Bank left interest rate unchanged.
Chanda Kochhar is among the three Indians in Time's Most Influential list.
'... not even a moral one, let alone a legal one.' 'Even if it is assumed that Deepak Kochhar tried to influence his wife into doing something dodgy for his 'social acquaintance', why would she do it?' 'By all accounts she has been granted share options in ICICI Bank of a very substantial amount which easily makes her a multi billion-pati.' 'She did not become CEO against some stiff competition by being stupid and concocting devious cock-and-bull renewable energy stories.' S Murlidharan, former managing director, BNP Paribas, unravels the Deepak Kochhar-Videocon controversy.
A glance back at some of the important ups and down Indian Inc faced in 2018.
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