Tag Archive for icici

Fintech start-up Open Financial Technologies partners with ICICI Bank to offer a business banking platform that automates accounting for SMEs

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

TeamOpen

Imagine a world where your business current account was your accounting software. Imagine not having to chase payments with UTR numbers, where payments auto-reconcile, and accounting is something that happens automatically as you do your business.

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5th Edition of Times NOW & ICICI Bank NRI of the Year Awards 2018 Honors Global Indians

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Times NOW, India’s leading English news channel from the Times Network and ICICI Bank hosted the 5th edition of NRI of the Year Awards 2018 today in Mumbai. The NRI of the Year Awards salute the spirit of global Indians who have been an inspiration and made a mark for themselves worldwide. Sunil Chhetri, Indian football team Captain was presented with the prestigious Global Indian Icon and Prem Watsa, Founder, Chairman and Chief Executive of Fairfax Financial Holdings was conferred with the Special Jury NRI of the Year Award, amidst a glittering evening.

To celebrate NRI of the Year Awards 5th edition, a coffee table book was launched by Kiren Rijiju, Hon’ble Union Minister of State for Home Affairs of India, MK Anand, MD and CEO, Times Network, Vijay Chandok, Executive Director ICICI Bank, Lt. Gen Sudhir Sharma, Advisory Board – India, GIIS and Farokh Balsara -Partner and National Director – Consumer Products and Health Services, Ernst & Young. A new trophy designed by renowned jewellery designer Poonam Soni was also unveiled at the ceremony by Bollywood actress, Chitrangada Singh. Mr. Kiren Rijiju, Union Minister of State for Home Affairs of India was the chief guest for the evening and the event was graced by notable personalities including Indian footballer Sunil Chhetri, actress Chitrangada Singh, singer Akriti Kakar many more from the TV and Bollywood industry. Anukreethy Vas, Miss India 2018, Meenakshi Chaudhary, First Runner Up, and Shreya Rao Kamavarapu, Second Runner Up made their first appearances on the red carpet after winning the Miss India tittles. The gala event was hosted by Sameer Kochhar and Mandira Bedi. The evening also witnessed a mesmerizing dance performance by Terrence Lewis Dance Institute. Read more

ICICI Securities Limited listing ceremony held today at NSE in Mumbai

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By  Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

(L-R): Mr. Ajay Saraf (Executive Director) ICICI Securities Limited, Ms. Shilpa Kumar (Managing Director and Chief Executive Officer) ICICI Securities Limited and Mr. Vikram Limaye (CEO and MD) NSE with other dignitaries ringing the bell at the listing ceremony of ICICI Securities Limited held today in Mumbai at the NSE.

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ICICI Securities allots Rs. 1718 cr to 58 anchors @ Rs. 520 per equity share

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

NSE link

https://www.nseindia.com/content/ipo/ANCHOR_ISEC.zip

Key highlights

·         ICICI Securities allots Rs. 1718 crore to 58 anchors at Rs. 520 per equity share (upper end of the Band)

·         International anchors include: Temasek, Fidelity, Artisan, Fairfax, Nomura, Amansa & Blackrock

·         Domestic Mutual Funds include – HDFC MF, DSP Blackrock, Reliance MF, Premji Invest, SBI MF, Birla MF and IDFC MF

·        Major portion of the anchor book comprises long only funds including sovereign wealth funds, pension funds and other global long only FIIs and DIIs

·         Anchor book comprises 45% (Rs 1718 cr) of the total book wherein a minimum of 75% can be allocated to QIBs

ICICI Securities Limited (the “Company” or the “Issuer”) has finalized the allocation of 3,30,24,165 crore Equity Shares at Rs. 520 per Equity Share (upper end of the Price Band) aggregating to Rs. 1,717.26 crore to 58anchor investors. Read more

Sedentary lifestyle and no time for exercise is leading to critical illness: ICICI Lombard survey

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.co

  • Women in metro cities pay more attention to their health in comparison to the counterparts in
    non-metro cities
  • 68% Women in metros feel that physical activity is important
  • Overall, only 33% of women are paying attention to their own health
  • 79% women get health check up, but mostly once in 2 years
  • 29% still feel health check up is not required

ICICI Lombard, a one of the leading general insurance company in India, has commissioned a survey on women’s awareness on health and critical illness. The survey was conducted with an aim to accelerate dialogue around various aspects of women being aware of their own health and wellness. The survey involved online quantitative interviews with 1000 working women, aged 22 – 45 years, across eight locations including metro and non-metro cities. Read more

ICICI Securities Limited: Initial Public Offer to open on March 22, 2018 and to close on March 26, 2018

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

(L-R): Ms. Kaku Nakhate (DSP Merrill Lynch Limited), Mr. Ajay Saraf (Executive Director, ICICI Securities Limited), Ms. Chanda Kochhar (Chairperson, ICICI Securities Limited), Ms. Shilpa Kumar (Managing Director & Chief Executive Officer, ICICI Securities Limited), Mr. Harvinder Jaspal (Chief Financial Officer, ICICI Securities Limited) and Mr. Ravi Kapoor (Citigroup Global Markets India Private Limited) at ICICI Securities Limited IPO Press Conference held in Mumbai today

ICICI Securities Limited (the “Company” or the “Issuer”) proposes to open on Thursday, March 22, 2018, an initial public offering of 77,249,508 Equity Shares of face value of Rs. 5 each for cash at a Price including a Share Premium (the “Offer”) through an Offer for Sale of up to 77,249,508 Equity Shares by ICICI Bank Limited (the “Promoter Selling Shareholder”), including a reservation of up to 3,862,475 Equity Shares for purchase by the ICICI Bank Shareholders for cash at a Price including a Share Premium (“ICICI Bank Shareholders’ Reservation Portion”). The Offer would constitute 23.98% of the Post-Offer Paid-Up Equity Share Capital and the Net Offer (the Offer excluding “ICICI Bank Shareholders’ Reservation Portion”) shall constitute 22.78% of the Post-Offer paid-up Equity Share Capital. Read more

ICICI Securities to open on Thursday, 22 March; Price Band Rs. 519-520 Source BSE

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

ICICI Securities Ltd. IPO opens on 22nd March and to close on 26th March 2018.

Price Band fixed from Rs. 519 to Rs. 520 per Equity Share

Source: BSE

https://www.bseindia.com/xml-data/corpfiling/AttachLive/75152c36-6851-43f9-b1bb-cfe27b3f8546.pdf

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59% respondents prefer to go for unplanned travels during weekends – ICICI Lombard survey

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

ICICI Lombard General Insurance, one of the leading general insurance companies in the country, has commissioned a survey with a sample size of 1000 travel enthusiasts, across 10 cities, who have travelled to international destinations in the last year.

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ICICI Lombard signs distribution tie-up pact with RBL Bank

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

ICICI Lombard General Insurance Ltd., one of India’s leading private sector general insurance companies and RBL Bank have entered into a Corporate Agency Tie-up agreement. The agreement has been signed for the distribution of ICICI Lombard’s non-life insurance products at RBL Bank branches all over the country as part of the insurer’s Bancassurance channel focus.

 

ICICI Lombard will now offer its non-life insurance solutions to RBL Bank customers spread across the latter’s 246 branches. Bancassurance tie-up is an important part of ICICI Lombard’s growth strategy and the company is focused on forging successful alliances, to enhance its distribution network in the country.

 

Commenting on the tie-up, Sanjeev Mantri, Executive Director, ICICI Lombard General Insurance stated, “We are delighted to have partnered with RBL Bank. At ICICI Lombard, we endeavor to make our products available to our consumers through multiple and convenient channels. The tie up with RBL Bank is a step forward in this direction and will enable RBL Bank customers to source our non-life insurance solutions from the convenience of their bank’s branches and other customer connect points. We will continue to pursue customer centric ways to help consumers avail of and benefit from our range of non-life insurance offerings.” Read more

Mr. Bhargav Dasgupta’s (MD & CEO – ICICI Lombard) view on the Union Budget 2018

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

The Government has focused on inclusive measures in the budget , targeting critical areas of agriculture , education , health , power among others. On health insurance, the introduction of Rs. 5 lakh cover for families and increase in medical insurance tax exemption for senior citizens indicate the focus of policy makers to ensure adequate protection against health hazards for India’s populace. Read more