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Showing posts with the label ICICI BANK

IPO boom prompts ICICI Bank to make hiring push in investment banking

  ICICI plans to add five mid-to-senior level hires in each of the two units, which currently have 130 bankers in total. India’s second largest private lender ICICI Bank Ltd. is making its biggest hiring push in investment banking and institutional equities in four years, as it anticipates a rise in companies going public. The Mumbai-based firm plans to add five mid-to-senior level hires in each of the two units, which currently have 130 bankers in total, according to Ajay Saraf, head of investment banking and institutional equities at ICICI Securities Ltd. The new roles will be concentrated in sectors such as technology and health care, he said. “We have not hired these kinds of numbers since 2017,” Saraf said in a phone interview last week. “We see investor interest disproportionately higher for these sectors in the next 12 months.” India is joining the global share sale frenzy thanks to ample liquidity in the  market  with foreign investors and even retail buyers looki...

Apple Days: Flipkart offering discount, cashback on iPhones, iPads and more

Under the sale, the e-commerce portal is offering iPhones, iPads and Apple smartwatches at discounted prices, along with a cashback of up to Rs 10,000 on payments via ICICI credit cards Home-grown e-commerce giant Flipkart is currently running a promotional offer on Apple products. Dubbed 'Apple days', the sale started on February 12 and will go on until February 15. Under the sale, the e-commerce portal is offering iPhones, iPads and Apple smartwatches at discounted prices, along with a cashback of up to Rs 10,000 on payments made through ICICI credit cards. The sale came after Apple increased the price of its iPhones and smartwatches after the Budget 2018 announcement of a hike in import duty on smartphones. Here is what Flipkart is offering under the Apple days sale: iPhone X The anniversary-edition iPhone X was launched in 64GB and 256GB storage variants at Rs 89,000 and Rs 1,02,000, respectively. Under the sale, the e-commerce portal is offe...