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Apple boss Cook meets PM Modi to plot India strategy| Reuters

May 21, 2016 at 16:30 | Source: FirstPost

NEW DELHI/MUMBAI Apple Inc chief Tim Cook met Indian Prime Minister Narendra Modi on Saturday, concluding a four-day trip to India that could set the stage for Apple's expansion plans in one of the world's fastest growing smartphone markets.Modi and ...

Skeletons in the closet: India bad loans getting messier

May 12, 2016 at 18:29 | Source: FirstPost

India's bad-loans problem looks much worse than lenders have been willing to acknowledge, heaping pressure on banks' profits and further tightening the screws on distressed debt that could be bigger than New Zealand's $170 billion economy.The magnitu...

'Our NPA numbers not even 10% of GDP, make less noise about it,' says K V Kamath

May 10, 2016 at 11:14 | Source: FirstPost

Mumbai: Veteran banker and president of theBRICS-promoted New Development Bank KV Kamath today downplayedthe NPA threats, saying worries about bad debts are over-blownand that higher growth will ensure that stressed assets turnproductive in the short...

Sensex soars 460 pts, Nifty regains 7,800-mark on global cues

May 09, 2016 at 17:32 | Source: FirstPost

Mumbai:Market benchmark Sensex today zoomedover 460 points -- its biggest single-session gain in nearlyfour weeks -- to end at 25,688.86 and the broader NSE Niftyrecaptured the 7,800-mark on a flurry of buying by foreignfunds and retail investors ami...

Sensex soars 326 pts, Nifty above 7,800-mark in early trade

May 09, 2016 at 12:08 | Source: FirstPost

Mumbai:Market benchmark BSE Sensex recoupedabout 326 points and the broader NSE Nifty touched the7,800-mark in early trade today on the back of buying byforeign funds and retail investors amid mixed Asian markets.The 30-share barometer rose by 325.91...

ICICI Prudential Life, HDFC Standard Life plan to raise over $1 billion in two IPOs| Reuters

May 07, 2016 at 02:30 | Source: FirstPost

SINGAPORE/MUMBAI Two of India's leading private-sector insurers are looking to raise over $1 billion this financial year in the sector's first initial public offerings (IPOs), as insurance companies rush to take advantage of a change in ownership rul...

Sensex down for 2nd week as global growth worries return

May 06, 2016 at 18:11 | Source: FirstPost

Mumbai: The BSE Sensex slipped by a marginal 34 points today to log its fourth fall in five sessions as fresh global growth worries following lacklustre factory data and tepid domestic earnings pulled down local indices for a second straight week.For...

ICICI Pru Life Insurance to hire banks for its planned IPO

May 06, 2016 at 14:13 | Source: FirstPost

ICICI Prudential Life Insurance is set to hire Bank of America Merrill Lynch and ICICI Securities for its planned $600 million to $700 million initial public offering (IPO), IFR reported on Friday citing two sources close to the plans.Other banks are...

ICICI Bank's dim view of bad loans drives quarterly profit to decade low| Reuters

Apr 29, 2016 at 23:15 | Source: FirstPost

MUMBAI ICICI Bank (ICBK.NS), India's largest private sector lender, expects more loans made to sectors like steel may sour, a belief that forced it to set aside a bigger sum to cover any losses from them and drove its quarterly profit down to a decad...

ICICI Bank Q4 net tanks 76 percent to Rs 702 crore

Apr 29, 2016 at 13:43 | Source: FirstPost

New Delhi: Top private sector lender ICICI Bank today reported 75.97 per cent decline in standalone net profit at Rs 701.89 crore for the fourth quarter ended March 31 on account of 2-fold rise in provisioning for bad loans. The bank's net profit in ...

Letter to a daughter: Chanda Kochhar's letter to her daughter is the best thing you will read today

Apr 15, 2016 at 19:15 | Source: FirstPost

Popularly known as one of the '100 Most Powerful Women in the World' a title bestowed byForbes 54-year-old Chanda Kochhar, CEO and Managing Director of ICICI Bank, has been an inspiration to millions of working womenacross the world. However, the Pa...

Sensex surges over400 points on strong economic readings; fertiliser, seed stocks on roll

Apr 13, 2016 at 14:35 | Source: FirstPost

The benchmark Sensex continued to hold firm in the noon trades, with Sensex surging over 400 points on all-round buying support. The upsurge in the market was mainly aided by upbeat news on economic front with monsoon estimated to be above average th...

Pre-monsoon fireworks: Sensex surges over400 points on strong economic readings; fertiliser, seed stocks on roll

Apr 13, 2016 at 13:12 | Source: FirstPost

The benchmark Sensex continued to hold firm in the noon trades, with Sensex surging over 400 points on all-round buying support. The upsurge in the market was mainly aided by upbeat news on economic front with monsoon estimated to be above average th...

ICICI's Chanda Kochhar upbeat on India's leapfrogged technology

Apr 09, 2016 at 11:46 | Source: FirstPost

Hyderabad: The India story got some unqualified support from ICICI Bank MD and CEO Chanda Kochhar, who said it remains "a very, very bright spot" because of its young demography and has leapfrogged technology like none other.Driving the cha...

Nita Ambani, Arundhati Bhattacharya, Chanda Kochhar in Forbes' top Asian businesswomen list

Apr 07, 2016 at 14:28 | Source: FirstPost

New York: Reliance Foundation Chairperson Nita Ambani has been named among the most powerful businesswomen in Asiaby Forbes, leading a list of 50 femaleleaders from the region that includes eight from India. She features on the cover of the edition t...

Nita Ambani named Asia's most powerful businesswoman: Forbes

Apr 07, 2016 at 14:28 | Source: FirstPost

New York: Reliance Foundation Chairperson Nita Ambani has been named the most powerful businesswoman in Asiaby Forbes, leading a list of 50 women leaders from the region that includes eight from India.SBI Chairman and Managing Director Arundhati Bhat...

Nita Ambani most powerful businesswoman in Asia: Forbes

Apr 07, 2016 at 11:44 | Source: FirstPost

New York: Reliance Foundation Chairperson Nita Ambani has been named the most powerful businesswoman in Asiaby Forbes, leading a list of 50 women leaders from the region that includes eight from India.SBI Chairman and Managing Director Arundhati Bhat...

Nita Ambani tops Forbes Asia 'Power Businesswomen' list, 8 Indian women rank in Asia's 50 stars

Apr 07, 2016 at 05:25 | Source: FirstPost

New York: Forbes has put an Indian woman right on top of its coveted Power Businesswomen ranking 2016 - Nita Ambani, director on the board of Reliance Industries and founder-chairperson, Reliance Foundation. EightIndian women find a place in the 50 s...

Nita Ambani tops Forbes Asia Power Businesswomen list, 8 Indian women rank in Asia's 50 stars

Apr 07, 2016 at 05:25 | Source: FirstPost

New York: Forbes has put an Indian woman right on top of its coveted Power Businesswomen ranking 2016 - Nita Ambani, director on the board of Reliance Industries and founder-chairperson, Reliance Foundation. EightIndian women find a place in the 50 s...

Sensex cold to RBI's smaller rate cut, plummets 516 pints

Apr 05, 2016 at 19:33 | Source: FirstPost

Mumbai: Investors were not too enthused by the Reserve Bank's 25 bps rate cut and global cues did not help either as market benchmark Sensex plunged by 516 points, most in nearly two months, to crack below the 25,000-mark, with banking stocks taking ...

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