Raising $5 billion through a follow-on equity offering may see the country’s largest private sector entity, ICICI Bank breaking into the top 100 financial institutions in the world, in terms of market capitalisation. The bank, whose current market capitalisation is $18.89 billion (Rs 77,834 crore), presently stands at the 111th position among the top 150 financial institutions in the world, when compared on an m-cap basis. Raising $5 billion through the equity offer will take ICICI Bank to a position of 84 in this list.

The CEO of Media Content and Communications Services (MCCS) has been chosen as the COO of STAR India. MCCS is a 74:26 percent venture between Ananda Bazaar Patrika and STAR Group.
The declaration was made in a combined report by Star and MCCS. Mr. Shankar will shortly join Star India and keep an eye on the company’s overall functioning.
He will report to Paul Aiello, the chief executive officer of STAR Group.

UTI Bank executive director of corporate strategy, Asok Kumar has announced that they have dec

The Mountain View, California based Google Inc is planning to bring out PowerPoint killer,

According to the reckonings of Treasury managers and economists, the rupee could slide back to its 43 levels against the US dollar by the end of this calendar year; the short term gains of the local currency indicated at a weaker currency over the medium term.

Following the European Union way of employing hi-tech anti-theft devices in cars, the largest Indian car manufacturer, Maruti Udyog, is set to introduce the immobilizer system, iCATs, across all its models.

iCATs (intelligent Computerized Anti-Theft system) works on the principle of multiplexed communication where an inbuilt transponder, into the car key, carries a unique electronic identification and a secret code that digitally communicates with the engine computer via a controller. The car engine starts only if the secret code matches thus preventing the car from being stolen.