ICICI Bank's UK, Canada subsidiaries witness flat growth Private sector lender ICICI Bank has been witnessing a flat growth from its subsidiaries' operations in the UK and Canada and will be adopting a measured stance when it comes to expanding in these markets that are yet to come out of the global economic slowdown. The bank has earned profits of USD 8.5-million and USD 7.5-million from the Canadian and UK subsidiaries respectively, she said
Indian IT exports to be higher than anticipated: Infy CEO, S Gopalakrishnan India's IT exports this fiscal would be higher than anticipated, given the strong second quarter numbers posted by some big companies, Infosys Technologies CEO S Gopalakrishnan said. IT exports are estimated to grow between 13 per cent and 15 per cent in 2010-11, up from about five per cent in the previous year.
ICICI Bank CEO says sees 18-20% credit growth in FY11 ICICI Bank , India's second-largest lender, expects credit demand to grow by 18-20 percent in the year to March 2011, Chief Executive ChandaKochhar said on Friday. Earlier, the bank reported a 19-percent rise in quarterly profit to 12.36 billion rupees ($278 million), beating forecasts.
Satyam founder Raju likely to surrender on November 10 B RamalingaRaju , the prime accused in the Satyam multi-crore accounting scam, is likely to surrender before a local court on November 10, the deadline set for him by the Supreme Court after it cancelled his bail.
Central Bank of India to open branches abroad Public sector Central Bank of India (CBI) is planning to open branches in a host of countries, including China, Bhutan, Tanzania and Mozambique. This is being done to get more international business and provide banking facilities to the Indians settled abroad
Suzuki, Volkswagen likely to fix India plans by early 2011: Marut Two leading global car makers — Suzuki and Volkswagen — are likely to announce India-specific plans that may include joint production and vehicle design by early next year. Speaking to analysts in a conference call, Suzuki's subsidiary, Maruti Suzuki India(MSI)'s Managing Director and CEO Shinzo Nakanishi said both the companies are currently discussing various options.
Tata didn't want Nano stitched like shirt around button: book Finding suitable design solutions, getting engineering package right and managing everything within stringiest cost parameters were some of the challenges the Nano team faced while coming up with the Rs 1 lakh car but Ratan Tata did not want the vehicle to be built like stitching a shirt around a button, says a new book.