Page 2 - Icici

Mcap of 6 of top-10 firms jumps ₹1.62 trn; Airtel, Reliance biggest gainers

The combined market valuation of six of the top-10 most-valued firms jumped Rs 1,62,288.06 crore last week, with Bharti Airtel and Reliance Industries emerging as the biggest gainers, in-line with an optimistic trend in equities. Last week, the BSE benchmark gauge jumped 1,289.57 points, or 1.58 per cent. Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India and Infosys were the gainers, while TCS, LIC, Bajaj Finance, and Hindustan Unilever faced erosion from their market valuation last week. The market valuation of Bharti Airtel surged Rs 54,055.96 crore to Rs 11,04,469.29 crore. Reliance Industries added Rs 50,070.14 crore, taking its valuation to Rs 19,82,033.60 crore. The valuation of HDFC Bank jumped Rs 38,503.91 crore to Rs 15,07,281.79 crore while that of Infosys was up Rs 8,433.06 crore to Rs 6,73,751.09 crore. The market capitalisation (mcap) of ICICI Bank climbed Rs 8,012.13 crore to Rs 10,18,387.76 crore and that of State Bank of India gained R

Chanda Kochhar once proposed HDFC-ICICI merger, reveals Deepak Parekh

Before the HDFC-HDFC Bank merger, Chanda Kochhar had pitched an ICICI-HDFC merger, says Deepak Parekh in a rare public disclosure

$115 bn fund manager ICICI Prudential bets on short-term Indian debt

The recent slowdown was a "mid-cycle correction", and the central bank's policy support has laid the groundwork for growth to return to its long-term trend

ICICI commits ₹550 cr for Tata Memorial's cancer care centre in Vizag

ICICI Bank and Tata Memorial Centre launch advanced cancer block treat 3,000 patients annually

ICICI Prudential Life: Moderate valuations, health growth prospects

In FY25, embedded value grew 13 per cent with embedded value operating profit (EVOP) growth at 10 per cent Y-o-Y

ICICI Bank joins top peers, cuts rate for savings accounts by 25 bps

Savings account balances of up to Rs 50 lakh will now earn an interest rate of 2.75%: ICICI

ICICI Bank slashes savings account deposit interest rate by 0.25%

ICICI Bank has cut its savings account deposit interest rate by 0.25 per cent, according to the lender's website. The second largest private sector bank's move comes days after larger rival HDFC Bank announced similar move amid a spate of cuts in deposit offerings following RBI's two back-to-back rate decreases. ICICI Bank depositors will earn a 2.75 per cent interest on their savings bank balances of up to Rs 50 lakh, the same as HDFC Bank's offering, as per the website. For balances of over Rs 50 lakh, the rate has been decreased by a similar quantum of 0.25 per cent to 3.25 per cent, as per the website. ICICI Bank's revised rates are applicable from Wednesday. SBI, the country's largest lender, at present offers an interest rate of 2.70 per cent for savings bank accounts. Other lenders have also cut the term deposit rate offerings in the past few days. The deposit rate cuts by lenders have come days after the RBI reduced its key rates for the second consecutive time, taking th

Value stocks on the rise but bargains hard to find: ICICI Securities

Financials and commodities dominate pool of investable value stocks, says brokerage

ICICI Prudential Life Q3 results: Net profit increases 43% to Rs 326 cr

The life insurer reported a standalone profit of Rs 326 crore (about $38 million) for the quarter ended Dec. 31, compared to Rs 227 crore a year ago

ICICI Lombard Q3FY25 results: Net profit jumps 67.9% to Rs 724 crore

The Gross Direct Premium Income (GDPI) slipped by 0.3 per cent to Rs 6,214 crore from Rs 6,230 crore in Q3 FY24 due to the new premium accounting norms

Snapmint raises $18 mn in debt & equity to expand merchant network

The new funds will be used to expand its partnership with more shopping portals, grow its merchant network, and expand its balance sheet

Cong seeks more clarity from ICICI Bank, Madhabi Buch on retiral payouts

Congress leader Pawan Khera also asked why ICICI Bank covered the tax deducted at source for Puri Buch's employee stock ownership plan (Esop)

Even as Sebi WTM, Madhabi Puri Buch drew 'salary' from ICICI Bank: Cong

No payment to her other than retiral benefits, clarifies lender

HDFC, Nippon, ICICI hoist the folio trophy as 40 funds chase finish line

Folio growth powered by stellar performance and strategic distribution

Kerala landslide: ICICI Prudential Life simplifies claim settlement process

ICICI Prudential Life on Monday said it has simplified the claim settlement process for nominees or beneficiaries of individuals affected by the Wayanad landslide tragedy. The processing of claims, including those covered under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), will be done based on just three basic documents which are required to be submitted by nominees to settle claims, the insurer said in a statement. These are bank account numbers with IFSC codes or cancelled cheque copies of the bank account, death certificate issued by the local municipal authorities. In case the death certificate is not available, the list of deceased issued by hospitals, government authorities or police will be accepted. Basic documents also include copy of valid KYC documents such as PAN card/ Form 60, recent photograph, any one of officially valid documents (Aadhaar card, passport, driving license, voter ID, NREGA Job card or letter issued by the National Population Register). "All ..

ICICI Bank revamps lounge access plan for 19 debit cards: Check details

Spends made in a preceding calendar quarter will unlock access for the subsequent calendar quarter

Tata Group retains top spot as India's most valuable brand at $28.6 billion

India's most valuable brands 2024: Tata Group nears $30 billion mark, Taj remains India's strongest brand, while HDFC's merger boosts brand to third position

ICICI Bank introduces 'SmartLock': Know to how to use it on iMobile Pay

Feature allows customers to lock/unlock internet banking, UPI, credit and debit cards instantly

Lifetime free credit card is for a select few: How to get one for yourself

Such cards do not charge annual or renewal fees for the entire duration of their validity

Adani One launches two variants of co-branded credit cards with ICICI Bank

Cardholders can get up to 7 per cent Adani reward points on spends within the Adani Group ecosystem