ICICI Bank UK has won a £44 million (Rs 401 crore) case against AssamOil, the parent company of India’s oldest tea company, at the high court in London.
PwC on Thursday invited resolution plans from prospective bidders for Essar Power MP on behalf of its lead lender, ICICI Bank. The power asset owes its consortium of lenders around Rs 5,300 crore.
ICICI Bank UK is suing Assam Oil, the parent company of India’s oldest tea company, for $73.5 million (Rs 520 crore) in the London high court for damages for breach of contract for defaulting on loans.
Indian Railways booking tickets online: One of the drawbacks for booking a train ticket are convenience charges as they make booking costly for passengers. However, booking a train ticket online is an easy and most flexible
Banks are close to restructuring the Rs 22,000-crore outstanding debt at Jaiprakash Power Ventures (JPVL) by finding a buyer for the cement grinding unit and transmission line, aiming to bring down the loans at the struggling power
Essar Global Fund Ltd (Essar Global), the holding company of the Essar Group of companies, on Monday reached yet another milestone in deleveraging by repaying the last tranche of debt of Rs 12,000 crore (US$1.75 billion) to its various Indian and foreign lenders.
Rakesh Jhunjhunwala’s Rare Enterprises, HDFC Bank, ICICI Bank interested in IL&FS Securities: Report
A dozen bidders have shown interest for the securities business of Infrastructure Leasing & Financial Services (IL&FS), including lenders HDFC Bank, ICICI Bank, Axis Bank and Rakesh Jhunjhunwala’s private equity firm Rare
After ICICI Bank CEO Chanda Kochhar went on an indefinite leave, the income tax department is looking into complex transactions relating to purchase of her residence in South Mumbai.
The board of ICICI Bank Ltd is meeting on Monday to decide on the future of chief executive officer Chanda Kochhar, said people familiar with the matter.
Private sector lender ICICI Bank on Friday morning clarified that Chief Executive Officer (CEO) and Managing Director (MD) Chanda Kochhar has not been asked to go on an ‘indefinite leave’ , as was reported earlier by some media outlets.