IBTimes Australia : ICICI Topic

Sensex Falls Awaiting Fed; Bank Licence Hopefuls Surge

Wed, 19 Jun 2013 16:02:23 +1000

The BSE Sensex falls 0.5 percent, while the broader Nifty is 0.4 percent lower, heading towards their second consecutive day of declines.

India’s Rupee in Free Fall: Central Bank Unlikely to Shore up Currency

Sun, 16 Jun 2013 18:45:01 +1000

Barclays sees RBI having an undeclared preferred range for rupee.

BlackBerry Z10 and Curve 9220 Now Available through EMI Scheme

Fri, 24 May 2013 20:09:28 +1000

Taking a cue from technology rivals Apple and Samsung, Canadian smartphone BlackBerry has introduced an EMI (equated monthly instalments) scheme for its flagship BlackBerry Z10 and Curve 922 with an aim to attract price-conscious buyers in India.

Sensex Up Over 200 Points; Banks Rise On Rate Cut Hopes

Wed, 15 May 2013 14:27:11 +1000

The Sensex gains 1.NSEI is up 1 percent. Lenders such as ICICI Bank Ltd (ICBK.NS) gain after RBI Governor Duvvuri Subbarao said he would take note of falling inflation when discussing potential interest rate cuts.

BSE Sensex Falls; Dealers Say Rate Cut Priced In

Fri, 26 Apr 2013 15:12:10 +1000

The BSE Sensex falls 0.35 percent while the Nifty is also down 0.49 percent. Traders say rise of about 6.4 percent in benchmark index in the last two weeks as of Thursday's close, shows the market has already discounted a rate cut and current levels are widely used to lighten up positions ahead of the RBI policy on May 3.

Samsung Introduces Cash Back Offer to Woo Buyers; Apple Extends Buyback Scheme for iPhone 4

Mon, 15 Apr 2013 22:43:05 +1000

The price war between two tech giants - Apple and Samsung - has intensified with both companies trying to woo customers with exciting schemes and offers.

Manulife, HDFC Life Among Bidders for HSBC India Insurance Arm: Report

Wed, 10 Apr 2013 19:22:01 +1000

Canada's Manulife Financial Corp (MFC.TO) and the Indian affiliate of Standard Life plc are among the suitors to place first-round bids for HSBC plc's Indian life insurance business, a stake valued around $200 million, people familiar with the matter told Reuters.

Sensex Gains 100 Points; ICICI Bank Leads

Tue, 09 Apr 2013 17:27:43 +1000

The Sensex is up 0.6 percent and the Nifty is up 0.9 percent, on their way to snapping four sessions of losses. Stocks leading gains on the Sensex include ICICI Bank, up 2.7 percent, and HDFC, up nearly 2 percent.

BSE Sensex Down; Banking, IT Shares Fall

Thu, 04 Apr 2013 16:28:54 +1100

The 50-share Nifty is down 0.83 percent at 5,613.30, below the 200-day moving average which was at 5,638. The benchmark Sensexis 0.98 percent down. Developments in the Korean peninsula and U.S. jobs data due on Friday which will likely signal slowing U.S. growth, are overseas cues being closely watched.

Sensex Falls to 4-Month Low; Rate-Sensitive Stocks Fall

Thu, 28 Mar 2013 17:23:14 +1100

The 50-share Nifty is down 0.54 percent, breaking below its 200-day moving average, while the benchmark Sensex is down 0.49 percent.

Sensex Gains; Banks up on Eased Foreign Debt Rules

Mon, 25 Mar 2013 16:31:35 +1100

The BSE Sensex gains 0.66 percent, while the Nifty rises 0.6 percent. Banking shares gain after Finance Minister P. Chidambaram said on Saturday India will ease restrictions for foreign institutional investors in government and corporate bonds next month.

Money Laundering: RBI Governor Admits the Need for Corrective Action

Sat, 23 Mar 2013 21:39:52 +1100

Hit hard by money laundering allegations on India's major private banks - HDFC, ICICI and Axis - Reserve Bank of India (RBI) Governor Duvvuri Subbarao on Friday said that there is need for corrective action to prevent such illegal activities in the country.

BSE Sensex Down by 0.3%; Lowest Close in 4 Months

Fri, 22 Mar 2013 23:43:12 +1100

The BSE Sensex fell for a sixth consecutive session on Friday to its lowest close in four months as blue chips such as State Bank of India continued to reel from concerns about political instability and doubts over the prospect of future rate cuts.

BSE Sensex Flat, Recent Underperformers Gain

Thu, 21 Mar 2013 16:41:07 +1100

The BSE Sensex gains 0.3 percent, while the 50-share Nifty advances 0.4 percent, recovering after four-sessions of losses.

BSE Sensex Flat as Political Worries Weigh

Wed, 20 Mar 2013 17:03:00 +1100

The BSE Sensex is down 0.3 percent while the 50-share Nifty is 0.42 percent lower. Shares extend losses after the DMK party pulled out of ruling UPA coalition on Tuesday, raising doubts about the fate of government's reforms.

RBI to Probe Alleged Money Laundering at Private Banks

Tue, 19 Mar 2013 16:21:29 +1100

The Reserve Bank of India (RBI) said on Monday it has started a probe into allegations of money laundering at the country's top private sector banks, ICICI Bank Ltd (ICBK.NS), HDFC Bank Ltd (HDBK.NS) and Axis Bank Ltd (AXBK.

BSE Sensex Falls on Concerns over Cyprus Deal

Mon, 18 Mar 2013 16:11:36 +1100

The BSE Sensex is down 0.92 percent while the 50-share Nifty is 0.87 percent lower. Domestic shares fall in line with Asian shares that fell on Monday as investors were rattled by a radical bailout plan for Cyprus.

India's ICICI Bank suspends 18 employees in money laundering probe

Sat, 16 Mar 2013 17:28:01 +1100

ICICI Bank Ltd , India's No. 2 lender, has suspended 18 employees as it investigates an alleged money laundering case, a bank spokeswoman said on Saturday.

India's Private Banks Under Scanner: Is RBI to be Blamed for Money Laundering?

Sat, 16 Mar 2013 00:52:11 +1100

The allegations of major private sector banks - ICICI, HDFC, and Axis - indulging in money laundering activities have shocked the nation. If found true, it will damage the image of the financial institutions, and the Reserve Bank of India (RBI), which controls them, has to be partly blamed.

Sensex Falls Around 150 Points; Rate-Sensitives Drag

Fri, 15 Mar 2013 19:09:14 +1100

The BSE Sensex is down 0.8 percent, while the Nifty falls 0.6 percent. ICICI Bank (ICBK.NS) falls 4 percent, while HDFC Bank (HDBK.NS) and Axis Bank (AXBK.NS) are down 1.8 percent and 1.4 percent respectively, as the finance ministry and central bank investigate allegations of money laundering practices at top private sector lenders.

India Probing Money Laundering Accusations

Fri, 15 Mar 2013 15:47:55 +1100

The finance ministry and RBI are investigating allegations of money laundering practices at top private sector lenders ICICI Bank(ICBK.NS), HDFC Bank(HDBK.NS) and Axis Bank(AXBK.NS).

India probing money laundering accusations against lenders

Fri, 15 Mar 2013 15:35:02 +1100

India's finance ministry and central bank are investigating allegations of money laundering practices at top private sector lenders ICICI Bank , HDFC Bank and Axis Bank

India's ICICI, HDFC Bank, Axis probing money laundering accusations

Thu, 14 Mar 2013 21:00:03 +1100

India's top private sector lenders ICICI Bank Ltd , HDFC Bank Ltd and Axis Bank Ltd said they were investigating allegations of widespread money laundering practices at their branches.

HDFC, ICICI and Axis Bank Caught Red-Handed Turning Black Money into White: Report

Thu, 14 Mar 2013 19:27:50 +1100

In what would come as a big setback to private banks in the country, a sting operation conducted by Cobrapost website has revealed that some of the largest financial institutions like HDFC Bank, ICICI Bank and Axis Bank are indulging in money laundering.

International Women’s Day: India Raises Salute to its Achievers [PHOTOS]

Sat, 09 Mar 2013 00:43:15 +1100

With the Slogan "A promise is a promise: Time for action to end violence against women" the world celebrated Women's Day on Friday.

BSE Sensex Gains over 100 Points; Banks Lead

Fri, 08 Mar 2013 17:49:44 +1100

The BSE Sensex is up 0.68 percent, while the 50-share Nifty gains 0.72 percent, heading for their biggest weekly gain since the week ended December 1, 2012 after three previous consecutive days of gains.

BSE Sensex Gains Around 100 Points; Tech Shares Lead

Wed, 06 Mar 2013 20:13:24 +1100

The BSE Sensex gains 0.65 percent, while the Nifty is up 0.63 percent, heading for a second consecutive day of gains after the Dow average hit a closing record high on Tuesday.

Sensex up Around 250 Points; RIL, Banks Lead

Tue, 05 Mar 2013 21:07:52 +1100

The Sensex gains around 250 points, while the Nifty gains around 75 points. The gains were in line with Asian shares that rebounded sharply on Tuesday, reclaiming most of the previous day's steep losses, as a globally accommodative monetary stance helped revive risk appetite.

Banks Recover from Sharp Budget Falls

Fri, 01 Mar 2013 19:01:11 +1100

Banks recovered from steep falls in the previous session as analysts say the 2013/14 budget was unlikely to have as big a negative impact as investors had first anticipated.

Eye on election, India surprises with spending surge

Fri, 01 Mar 2013 01:21:03 +1100

India unveiled a surge in government spending on Thursday, despite expectations of an austerity budget to shore up its finances, imposing new taxes on the rich and large companies to fund a dash for growth ahead of an election due by next year.