All posts tagged: ICICI

India, China, Brazil gain; EU, UK, Japan, Singapore in loss: ICICI bank report

India, China, Brazil gain; EU, UK, Japan, Singapore in loss: ICICI bank report

Published by Webster

The ruling of the US Supreme Court striking down tariffs imposed by US President Donald Trump under the International Emergency and Economic Powers Act (IEEPA) is likely to create winners and losers among global economies, with India, China, and Brazil emerging as beneficiaries, while the Euro-zone, UK, Japan, and Singapore may face negative implications, according to a report by ICICI Bank. The report stated that “the revised tariff structure for the time being is likely to create a set of winners (India, China and Brazil) and losers (Euro-zone, UK, Japan and Singapore) while it is unlikely to materially change the outlook for the US economy.” The US Supreme Court struck down tariffs that were imposed under IEEPA, effectively nullifying all country-wise reciprocal tariffs as well as fentanyl-related tariffs that were implemented in 2025. This development removes certain trade barriers that had affected multiple countries, reshaping the global trade landscape. However, the report noted that tariffs imposed under section 232 and section 301 will not be affected by the ruling, meaning that some existing trade restrictions …

ICICI Lombard official accidently posts draft Q3 results on WhatsApp| Business News

ICICI Lombard official accidently posts draft Q3 results on WhatsApp| Business News

Published by Parlour News

An employee of ICICI Lombard General Insurance Co. inadvertently uploaded undisclosed information about third quarter earnings as a personal WhatsApp status, days ahead of the planned release. ICICI Lombard General Insurance is a unit of India’s second largest private lender ICICI Bank. (Reuters) The designated person, who broadcast the information after market hours on Friday, deleted the “status” within an hour, the unit of ICICI Bank Ltd. said in a stock exchange filing on Saturday (10 January 2026). ICICI Lombard said it has started an internal inquiry, as per rules of India’s securities market regulator. It was the latest such mishap in India’s $5.2 trillion stock market, Hatsun Agro Product Ltd. flagged a similar case of an employee accidentally leaking a draft of quarterly results on WhatsApp. The Securities and Exchange Board of India has over the years tightened rules involving handling of unpublished information by employees of listed firms, including directing companies to create a framework for tracking ownership of such data. While the incidents have been isolated, they reignite concerns over insider trading …

Sebi Clears Rs 10,000 cr IPO of ICICI Prudential AMC | Business News

Sebi Clears Rs 10,000 cr IPO of ICICI Prudential AMC | Business News

Published by Parlour News

ICICI Prudential Asset Management Company (AMC) has received approval from market regulator Sebi for its initial public offering (IPO) estimated at around Rs 10,000 crore. The IPO of the country’s second-largest mutual fund will be an entirely offer-for-sale (OFS) issue by UK-based Prudential Corporation Holdings (PCH). The share sale, expected to hit the market in the second half of December, is likely to value the AMC at over Rs one lakh crore, placing it among the largest listings from the financial-services sector. The AMC’s quarterly average AUM was Rs 8.79 lakh crore as of March 2025. The UK firm, which currently owns 49 per cent of the fund house, will sell 10 per cent of its stake through the issue, while ICICI Bank will retain its 51 per cent holding. Expand   © The Indian Express Pvt Ltd Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source …

Fixed deposit interest rates: See 3-year FD rates for seven banks including SBI, HDFC, PNB, ICICI

Fixed deposit interest rates: See 3-year FD rates for seven banks including SBI, HDFC, PNB, ICICI

Published by Parlour News

Oct 20, 2024 12:28 PM IST 3-year fixed deposits may be of interest to many as a potential rate cut by the RBI looms around the corner With looming possibilities of a rate cut by the Reserve Bank of India (RBI) during the next monetary policy committee (MPC) meet in December, three-year fixed deposits (FD) may be of interest for those wanting to lock their savings before a rate cut can potentially happen. Most of the private sector banks currently have a slightly higher FD interest rate in comparison to PSU banks Also Read: GST rates to be cut on 20 litre water bottles and bicycles to 5%, raised for luxury shoes, watches, and beauty products What will happen if the RBI cuts rates? This is because if the RBI cuts the repo rate (which is the rate at which the banks can borrow from the RBI), the banks may also reduce their lending rates and interest rates on deposits. What are the current three-month fixed deposit rates for various banks? The following table lists …

‘Eggs on face’: BJP reacts after ICICI Bank responds to Congress claims on SEBI chief Madhabi Puri Buch’s salary | Latest News India

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Bharatiya Janata Party IT cell chief Amit Malviya on Tuesday slammed the Congress for accusing Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch of receiving ₹16.8 crore in substantial benefits from the ICICI Bank, saying that the grand old party “ends up with eggs on its face”. Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch (PTI) The BJP leader’s comment came as the ICICI Bank issued a statement denying Congress’s charges. “Congress picks it up from where Hindenburg Research left, targets the SEBI Chief, ends up with egg on its face. Is it a coincidence that every time Congress decides to peddle a bogus agenda, either Mr Kharge or Khera, are pushed to the fore?” Amit Malviya wrote in a post on X. On Monday, the Congress accused the SEBI chief of holding an office of profit at the ICICI Bank and receiving ₹16.8 crore in substantial benefits from the bank and its subsidiaries. Addressing a press conference, Congress leader Pawan Khera alleged that between 2017 and 2024, Buch …

ICICI denies paying salary, ESOPs to SEBI chief Madhabi Buch after retirement | Latest News India

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Following Congress party’s allegations, ICICI Bank on Monday clarified that neither it nor its group companies have paid any salary or given employee stock ownership plans (ESOPs) to SEBI chief Madhabi Puri Buch after her retirement, except for her retirement benefits. Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch.(PTI) “During her employment with the ICICI Group, she received compensation in the form of salary, retiral benefits, bonus and ESOPs, in line with applicable policies,” the bank said in a statement. It also mentioned that as per rules existing at the time of her ESOP grant, employees including retired employees had the choice to exercise their ESOPs anytime up to a period of 10 years from the date of vesting. “As per Income Tax rules, the difference between the price of the stock on the day of exercise and the allotment price is treated as perquisite income and is reflected in Part B of the Form16 of employees, including retired employees. The Bank is required to deduct the perquisite tax on this income. …

Didn’t Pay Salary To SEBI Chief After Retirement: ICICI On Congress Claim

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New Delhi: Madhabi Puri Buch, the chairperson of SEBI (Securities and Exchange Board of India), has not been paid any salary since her retirement, ICICI bank said today, denying Congress’s “office of profit” claims. The Congress had alleged earlier today that Ms Buch, who joined SEBI as a member in 2017 and subsequently became its chairperson, had received Rs 16.8 crore from ICICI Bank as salary and other compensation. “ICICI Bank or its group companies have not paid any salary or granted any ESOPs to Madhabi Puri Buch after her retirement, other than her retiral benefits. It may be noted that she had opted for superannuation with effect from October 31, 2013,” the bank said in a statement. “During her employment with the ICICI Group, she received compensation in the form of salary, retiral benefits, bonus and ESOPs, in line with applicable policies…All the payments made to Ms. Buch post her retirement had accrued to her during her employment phase with the ICICI Group. These payments comprise ESOPs and retiral benefits,” the statement read.  Congress’s …

Pawan Khera claims SEBI chief Madhabi Puri Buch gets salary from ICICI apart from government; Jairam Ramesh raises questions to PM Modi

Published by Parlour News

Congress leader Pawan Khera addresses a press conference, in New Delhi, Monday, Sept. 2, 2024. | Photo Credit: PTI Congress leader Pawan Khera claimed that Securities and Exchange Board of India (SEBI) chief Madhabi Puri Buch is drawing a salary from the ICICI bank, apart from the government. Mr. Khera in a press conference in Delhi on Monday (September 2, 2024) calimed so and asked her to step down as she allegedly violated Section 54 of the SEBI. Mr. Khera said that Ms. Buch received a regular salary of ₹16 crores 80 lakhs while working for the government. “The role of SEBI is to regulate the share market where all of us, including the middle class, invest our money,” he said. “The SEBI chief is appointed by a committee comprised of the Prime Minister and the Union Home Minister Amit Shah,” he noted. #WATCH | Congress leader Pawan Khera says “The role of SEBI is to regulate the share market where we all invest our money. It has a very important role to play. Who …