Indian’s largest private sector lender, ICICI Bank, will be selling 6 percent stake in its joint venture (JV) ICICI Prudential Life Insurance and 9 percent stake in its general insurance arm.
Posts tagged MC
Expect nods for insurance biz stake sale next qtr: ICICI Bk (18-11-2015)
Sensex down 382 pts on global weakness; IT, Bank Nifty drag (18-11-2015)
Investors may have also lightened their positions ahead of the FOMC minutes of meeting, which will be released tonight. Investors fear that the language of these minutes of meeting may signal a higher probability of a rate hike in December, feels Sanjeev Zarbade, Vice President-PCG Research, Kotak Securities.
Shunning protocol, Obama interviews Alibaba founder Jack Ma (18-11-2015)
Barack Obama joked comfortably with the eccentric founder and executive chairman of Alibaba Group Holding Ltd., which is looking to make inroads into foreign markets, including the United States.
Hold Shipping Corporation target of Rs 76: ICICI direct (18-11-2015)
ICICI direct has recommended a hold rating on the stock with a target of Rs 76 in its November 17, 2015 research report.
Good time to buy Indian equities; like energy stocks: UBS (18-11-2015)
Geoff Dennis, head of global EM strategy, UBS is bullish on the energy sector and says he would rather buy energy than consumer staples in India
Ruthless fall in mkt but see a bounce back next week: Pros (18-11-2015)
The fall has not dampened hopes of market analysts.
Cabinet approves 10% divestment in Coal India (18-11-2015)
The Government of India currently has 79.65 percent equity shareholding in the company while foreign institutional investors have 9.04 percent stake and domestic institutional investors 8.44 percent stake as of September 2015.
Rapid data growth to boost telecom industry: UBS AG (18-11-2015)
The big picture for the sector is surrounded by rapid growth in data consumption, revenue growth and EBITDA margins expansion, says Suresh Mahadevan of UBS AG.
Global cues spook; Nifty ends at 7732, Sensex falls 382 pts (18-11-2015)
Banking financials, technology, auto, oil and metals stocks were under pressure while NTPC, Bharti Airtel, Coal India and GAIL were only gainers on Sensex, up 1-2 percent.
India to pay Rs 45/tn incentive to cane growers: Sources (18-11-2015)
Modi’s government would directly pay farmers 45 Indian rupees (USD 0.68) for every tonne of cane produced, leaving mills to bear the rest of nearly 98 percent of the cost, one of the sources said, aimed at wooing politically influential growers and helping sugar companies recovering from a global glut.