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BusinessToday.In
New Delhi, May 8, 2018
Chanda Kochhar says board has made its stand clear on Videocon loansBreaking her silence on ICICI-Videocon loan controversy, ICICI Bank CEO Chanda Kochhar said that the board has made its stand clear and she has nothing more to add. Kochhar added the bank has always co-operated with the regulatory and investigating agencies, and will continue to do so in future. On the question of bringing an interim CEO to maintain the stability at the bank, Kochhar replied saying, \"I think the ...


BusinessToday.In
May 8, 2018
At 12:03 pm, the stock was trading 8.15% or 23 points higher at 313.75 level on BSE. On the NSE too, the stock rose 8.09% at 313.65 level. It is set for its biggest gains since October 2017.


BusinessToday.In
May 8, 2018
ICICI Bank on Monday posted a 49.62 per cent drop in Q4 net profit to Rs 1,020 crore as against Rs 2,025 crore in the year-ago quarter.


PTI
May 7, 2018



BusinessToday.in
New Delhi, May 7, 2018
ICICI Bank's board has remained largely oblivious to the allegations of conflict of interest and impropriety against CEO & MD Chanda Kochhar; the Economic Affairs Secretary has confirmed that the Centre has finally ramped up printing of Rs 500, Rs 200 and Rs 100 notes to Rs 3000 crore per day to meet the shortage and foreign institutional investors have withdrawn funds worth $3 billion from India in the past week. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.


BusinessToday.In
New Delhi, May 7, 2018
Paytm, Flipkart effect! E-commerce market sees M&A deals worth $2.1 bn in 2017According to data from Grant Thornton, India's e-commerce industry inked as much as 2.1 billion dollars worth of merger and acquisition transactions in 2017. The e-commerce industry saw 21 deals worth 2,112 million dollars in 2017 with participation from players like Paytm and Flipkart. However, number of transactions and value was lower compared to 2016 which witnessed deals worth 2,224 million doll...


BusinessToday.In
May 7, 2018
The board meeting assumes significance amid allegations of conflict of interest against the lender's CEO Chanda Kochhar and her husband Deepak Kochhar in the ICICI-Videocon loan case.


BusinessToday.In
May 6, 2018
The development comes almost a month after the tax authority had asked Deepak Kochhar to furnish all the details regarding personal finances, income tax returns, and business dealings withNuPower Renewables.


BusinessToday.In
New Delhi, April 25, 2018
Before this, the taxman had sent two notices to Kochhar, who is also the husband of ICICI Bank MD and CEO Chanda Kochhar, seeking financial details about his role as the Managing Director of NuPower Renewables, an independent power producer in the renewable energy sector.


Rajeev Dubey
April 26, 2018
Fresh India links have emerged with Firstland Holdings Limited, the mysterious privately held Mauritius-based investment vehicle that injected the first lot of Rs 325 crore into Deepak Kochhar's NuPower Renewables.


Rajeev Dubey
New Delhi, April 23, 2018
Whistleblower Arvind Gupta had alleged that during December 2010 and March 2012, Firstland Holdings, Mauritius, invested Rs 325 crore (10% of the first loan amount) in NuPower; in 2014, that investment was transferred to Mauritius' DH Renewables, which invested another Rs 66 crore (10% of the second loan) in NuPower.


BusinessToday.In
New Delhi, April 23, 2018
The big question is whether such non-declaration violates the provisions of Section 184 of the Companies Act, 2013. The latter stipulates that every director of a company (both public and private) shall disclose their interest in third parties. That is what the probe agencies want to look into.


BusinessToday.In
April 23, 2018
The enquiry was ordered after whistle-blower Arvind Gupta had accused Chanda Kochhar of extending loans to the Videocon Group both in India and abroad through companies established in tax heavens like the Cayman Islands and Mauritius.


BusinessToday.In
New Delhi, April 23, 2018
Amazon to focus on fresh produce in IndiaAmazon.com Inc expects groceries and household products to account for over half of its business in India in the next five years. It's trying to foray into areas such as fresh produce. Amit Agarwal, the India head of Amazon, has said that groceries and goods such as creams, soaps and cleaning products, were already the largest product category on Amazon in terms of number of units sold in India. AmazonFresh, which launched more than a dec...


PTI
New Delhi, April 22, 2018
Markets watchdog Sebi is mulling getting a forensic examination done on financial statements and disclosures made by ICICI Bank in last few years amid a controversy over alleged conflict of interest involving the lender's CEO Chanda Kochhar and her husband.


PTI
April 18, 2018



PTI
April 16, 2018



Kanishka Gupta
New Delhi, April 16, 2018
How company boards can tackle the increasing activism of minority shareholders.


PTI
New Delhi, April 15, 2018
The RBI had undertaken a scrutiny in mid-2016 after the Prime Minister's Office referred to it allegations of Deepak Kochhar reaping windfall gains from his association with Venugopal Dhoot, Videocon's chairman and managing director.


PTI
April 15, 2018



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