ICICI Bank will be in list of top 100 global FIs

Raising $5 ICICI Bankbillion through a follow-on equity offering may see the country’s largest private sector entity, ICICI Bank breaking into the top 100 financial institutions in the world, in terms of market capitalisation. The bank, whose current market capitalisation is $18.89 billion (Rs 77,834 crore), presently stands at the 111th position among the top 150 financial institutions in the world, when compared on an m-cap basis. Raising $5 billion through the equity offer will take ICICI Bank to a position of 84 in this list.

Uday Shankar Moves From MCCS To STAR India As COO

Star IndiaThe CEO of Media Content and Communications Services (MCCS) has been chosen as the COO of STAR India. MCCS is a 74:26 percent venture between Ananda Bazaar Patrika and STAR Group.
The declaration was made in a combined report by Star and MCCS. Mr. Shankar will shortly join Star India and keep an eye on the company’s overall functioning.
He will report to Paul Aiello, the chief executive officer of STAR Group.

UTI Bank To Raise Rs. 2000 Crore Fresh Capital

UTI BankUTI Bank executive director of corporate strategy, Asok Kumar has announced that they have dec

Google To Bring Out PowerPoint Killer

Google IncThe Mountain View, California based Google Inc is planning to bring out PowerPoint killer,

Rising Rupee Could Go Weak

Indian CurrencyAccording to the reckonings of Treasury managers and economists, the rupee could slide back to its 43 levels against the US dollar by the end of this calendar year; the short term gains of the local currency indicated at a weaker currency over the medium term.

Maruti To Introduce iCATs

Maruti Ltd.Following the European Union way of employing hi-tech anti-theft devices in cars, the largest Indian car manufacturer, Maruti Udyog, is set to introduce the immobilizer system, iCATs, across all its models.

iCATs (intelligent Computerized Anti-Theft system) works on the principle of multiplexed communication where an inbuilt transponder, into the car key, carries a unique electronic identification and a secret code that digitally communicates with the engine computer via a controller. The car engine starts only if the secret code matches thus preventing the car from being stolen.

Pages

News in Focus

Tarform starts delivering $42K slick-looking electric motorcycles

Brooklyn, New York-headquartered automotive startup Tarform has announced that it has started deliveries of its slick-looking electric motorcycle to customers.

Hyundai plug-in sales jump 44% to 161,366 in 2021

South Korean automobile giant Hyundai Motor Company has announced that it managed to improve its overall car sales, including EVs, despite supply chain issues in 2021.

Misconceptions about Second-hand Car Loan

In a country where the word of mouth plays a major role in the decision-making process of many, it is not difficult to spread false information or misconceptions about anything and everything—be it

Are Personal Loans Tax Deductible?

A personal loan is a form of unsecured loan offered by financial institutions. You can use the borrowed fund to meet various expenses.

5 Things to keep in mind before investing in ELSS

Those who do not know, they can save tax by investing in mutual funds.

Is Casino Betting Legal in India

Casino betting is one of the world’s most-played gambling games. There are some games that are played by the bettors on a high note.