In a remarkable demonstration of growth and resilience, Tata Power, a major player in India’s energy sector, has reported its highest-ever quarterly profit of ₹1,533 crore for Q2FY25, marking a 51% year-on-year increase. The company also achieved an EBITDA of ₹3,808 crore, a 23% YoY growth, propelled by expanded solar manufacturing and favourable regulatory conditions. […]
In a major financial move, Inox Wind Limited, one of India’s leading wind energy solution providers, has signed a consortium agreement with a group of 10 banks, led by ICICI Bank. This agreement, totalling ₹2,200 crore, reflects the confidence of the banking community in Inox Wind’s financial strength. The company revealed that these limits, predominantly […]
The Securities and Exchange Board of India (SEBI) chief Madhabi Puri Buch and her husband Dhaval Buch have responded to the Congress Party’s accusations of corruption and conflict of interest, claiming that the allegations are “false, malicious, and motivated.” They allege that their income tax returns were illegally obtained and used to construct a misleading […]
ICICI Bank has denied claims that it paid any salary or granted Employee Stock Ownership Plans (ESOPs) to Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch after her retirement from the bank. The statement came after allegations from the Congress Party, which suggested Buch received ₹16.8 crore from ICICI Bank since 2017, […]
ICICI Bank has launched the ‘Student Sapphiro Forex Card’, a premium forex prepaid card designed exclusively for students traveling abroad for higher education. This initiative, powered by Visa, aims to facilitate seamless financial transactions for students and their parents managing education-related expenses overseas. The introduction of this card is timely, aligning with the increasing trend […]
Ajmera Realty & Infra India Ltd has successfully obtained credit facilities amounting to INR 500 Crores from leading financial institutions, Standard Chartered Bank and ICICI Bank. This strategic financial maneuver is set to fund the development of Ajmera Manhattan, a high-end residential project located in the burgeoning area of Wadala, Mumbai. A notable portion of […]
The Board of Directors of ICICI Bank Limited (NSE: ICICIBANK, BSE: 532174, NYSE: IBN) met today in Mumbai, approving the standalone and consolidated accounts for the quarter ended December 31, 2023 (Q3-2024). The bank’s statutory auditors have issued an unmodified report, reflecting a solid financial position. Impressive Profit and Operating Growth ICICI Bank’s performance in […]
In the recently released financial results for the quarter ending September 30, 2023 (Q2-2024), ICICI Bank exhibited robust growth across key financial metrics. Notably, the bank’s profit before tax, excluding treasury, surged by a remarkable 35.7% year-on-year, reaching ₹13,731 crore (US$ 1.6 billion). Alongside, the bank also reported substantial increases in core operating profit, net […]
Indian private sector bank ICICI Bank has introduced an easy EMI facility for payments by UPI made by scanning of merchant QR code. Customers who are eligible to use PayLater, which is ICICI Bank’s ‘buy now pay later’ program, are able to avail of the EMI facility instantly in a smooth and easy way. This […]
ICICI Bank said that it has launched digital solutions, a set of banking and value-added services on a single platform for exporters. According to the Indian banking company, the suite of solutions is designed to digitize the complete export life-cycle, right from discovery of export markets, finance of exports, foreign exchange services to receipt of […]