ICICI Bank TO RAISE equity issue of Rs 3,500 crore
Mumbai: ICICI Bank, yesterday said it planned to issue new equity of about Rs 3,000 crore - Rs 3,500 crore to the Indian public.
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Geojit Financial to pay 15 per cent interim dividend
Kochi: Geojit Financial Services Ltd, a joint venture company with the Kerala State Industrial Development Corporation, has announced an interim dividend of 15 per cent for the current financial year.
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ICICI Venture fund invests in Arch Commerz
Hyderabad: ICICI Venture has announced that it has concluded its first mezzanine investment from its Rs 750-crore India Advantage Fund by investing Rs 19.7 crore in Arch Commerz, a pharmaceutical intermediates company that was recently reverse-merged into Merven Drug Products Ltd, a Hyderabad ailing pharma company.
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IRDA bars insurers to project over 10% RoI
New Delhi: In a major clamp down on insurers promising high returns to lure consumers, the Insurance Regulatory & Development Authority has mandated that companies cannot project more than 10 per cent return on investments in their policies.
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Royal Sundaram notches Rs 187-crore premium income
Chennai: Royaol Sundaram Alliance Insurance Company Ltd has recorded premium income of Rs 187 crore, with a Rs 5-crore profit during the first nine months of the current financial year, ended 31 December 2003.
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AMP Sanmar hikes capital by Rs 35 crore
Chennai: The Chennai-based AMP Sanmar Life Insurance Co Ltd has announced additional infusion of Rs 35 crore to its existing capital of Rs 125 crore.
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LIC group plans exceed target premium
Mumbai: The Life Insurance Corporation of India has exceeded the targeted premium of Rs 1,830 crore under 'group insurance' schemes two months ahead of the close of the financial year.
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