|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||323.80 - 332.35|
|52-week range||224.27 - 332.35|
|PE ratio (TTM)||20.28|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
REUTERS - Indian shares ended lower for a third straight session on Thursday, weighed down by banks such as ICICI Bank, a day after the U.S. Federal Reserve signalled one more rate hike later in the year. ...
ICICI Lombard General Insurance Co Ltd's initial public offering to raise 57 billion rupees ($886 million) was nearly three times subscribed on the last day of the sale, underscoring investor enthusiasm in India's booming IPO market. ICICI Lombard, one of the country's biggest IPOs this year, is also the first IPO by a non-life insurer in India.
ICICI Lombard General Insurance Co Ltd's initial public offering of shares opening next week aims to raise up to 57 billion rupees ($892 million), the latest listing in what is expected to be a record-setting year for India. India has already seen $3.2 billion in IPOs this year, according to Thomson Reuters data, and looks set to easily surpass the $4 billion raised in 2016, the best year in six, led by a spate of upcoming listings from insurers. Ajay Saraf, executive director at Mumbai investment bank ICICI Securities said he expected this year could even surpass the record $8.5 billion seen in 2010, as strong retail investment flows have sparked a 21.4 percent gain in the main NSE index so far this year.
Mumbai, Aug 21 (IANS) Ruia brothers-led Essar Oil on Monday announced the closure of the company's sale, including its Vadinar refinery, to Russian state-run Rosneft-led consortium for $12.9 billion. According to an Essar Oil statement, the transaction, which was initiated in 2016 on the sidelines of the BRICS leaders summit in Goa, represents the largest Foreign Direct Investment (FDI) into India till date. The deal includes acquisition of Essar Oil's (EOL) 20 million tonne Vadinar refinery in Gujarat and its retail outlets, as well as the Vadinar Port at an additional $2 billion.
Mumbai, July 27 (IANS) Private sector ICICI Bank on Thursday reported a decline of 8.21 per cent in its standalone net profit for the first quarter (Q1) ended June 30, 2017. The net profit of the bank ...
ICICI Lombard General Insurance Co Ltd has filed for an initial public offering (IPO) of shares in what would be the first IPO by a non-life insurance company in Asia's third-largest economy. ICICI Lombard's two main shareholders - ICICI Bank Ltd and Fairfax Financial Holdings Ltd - will sell a combined 19 percent stake in the insurer in the IPO, according to the filing released on Friday. Bankers estimate the IPO could raise 60 billion rupees ($932 million), making it one of the biggest Indian IPOs in recent years.
India's ICICI Bank Ltd and Canada's Fairfax Financial Holdings Ltd will pare their stakes in joint venture insurer ICICI Lombard General Insurance Co Ltd's planned initial public offering (IPO) of shares, the insurer said on Monday. While the size and other details of the IPO will be decided at a future date, ICICI Lombard said the two shareholders in the company had informed it of their intention to sell part of their holdings by way of an offer for sale. ICICI Bank owns 63.3 percent of ICICI Lombard, the largest private sector non-life insurer in India.
Canada's Fairfax Financial Holdings plans to sell a 12.2 percent stake in its Indian joint venture insurer ICICI Lombard in a deal that will value the company at 203 billion rupees , the Indian company ...
Mumbai, May 15 (IANS) Private sector lenders ICICI Bank and HDFC on Monday reduced their interest rates on home loans. Private sector lender ICICI Bank reduced its interest rates by up to 30 basis points ...
New Delhi, May 11 (IANS) ICICI Bank CEO and Managing Director Chanda Kochhar has become the first Indian woman to receive the Woodrow Wilson Award for Global Corporate Citizenship, earlier awarded to the likes of former President A.P.J. Abdul Kalam and Infosys co-founder N.R. Narayana Murthy. The Woodrow Wilson Award for Global Corporate Citizenship was given by the Woodrow Wilson Centre in Washington on Wednesday.
REUTERS - Indian shares ended higher on Thursday as bank stocks climbed on a government move to tackle surging bad loans, while ICICI Bank rallied 9 percent after it said additions to non-performing loans ...
New Delhi, May 2 (IANS) The ICICI Group on Tuesday said it has made 100 villages digitally-enabled in 2017 and plans to transform 500 more by the year-end. Financial inclusion programme was the first major step undertaken by the government and now the country was moving towards a scenario where every household should have a bank account, Jaitley said. Movement towards digitisation has created newer technologies," the Finance Minister said.
Mumbai, March 3 (IANS) Lending major ICICI Bank on Friday informed the stock exchanges that it has raised $300 million through the issuance of bonds. "ICICI Bank, acting through its DIFC (Dubai) branch, ...
Chennai, Feb 23 (IANS) Global credit rating agency Moody's Investors Service on Thursday said continuing to increase non-watch list Non-Performing Loans (NPLs) would put pressure on Axis and ICICI banks' credit profiles.
New Delhi, Jan 20 (IANS) The National Payments Corporation of India (NPCI) on Friday directed mobile phone e-wallet PhonePe to comply with the UPI (Unified Payments Interface) guidelines. The development comes a day after the NPCI advised lending major ICICI Bank to 'open UPI transactions' through the mobile phone e-wallet 'immediately'. "Based on a review by NPCI on ICICI Bank's action to block UPI transactions made through PhonePe App, NPCI has noted that PhonePe and Flipkart Apps are in contravention of the UPI guidelines of interoperability," the umbrella organisation for all retail payment systems in the country said in a statement.
Fairfax Financial Holdings is in early talks to sell 25 percent of India's largest private general insurer ICICI Lombard in a deal that could fetch up to $1 billion, as the Canadian firm looks to cash out and start a new insurance joint venture, sources familiar with the matter said. ICICI Lombard is a joint venture formed in 2001 between ICICI Bank, India's second largest bank, and Fairfax, which is led by Canadian billionaire Prem Watsa.
New Delhi, Jan 19 (IANS) The National Payments Corporation of India (NPCI) on Thursday said it has advised lending major ICICI Bank to 'open UPI (Unified Payments Interface) transactions' through mobile phone e-wallet PhonePe App immediately. The development comes after NPCI reviewed the recent action taken by the ICICI Bank to block UPI transactions made through the mobile e-wallet application. "We had a discussion with ICICI Bank and YES Bank -- the banker to PhonePe -- to review the matter and arrived at this," the umbrella organisation for all retail payment systems in the country said in a statement.