Yahoo India:
http://in.yahoo.com/
Times of India:
http://timesofindia.indiatimes.com/
Indiens ICICI Bank übertrifft 3. Quartals Vorhersage
Friday, 20. Jan 2006
Die ICICI Bank, die größte indische Bank für Privatleute, gab heute bekannt, dass das Unternehmen die Erwartungen für das dritte Quartal um 24 % übertroffen hat. Grund dafür sind steigende private Kredite und höhere Gebühren.
Die Bank profitiert von einer wachsenden indischen Mittelschicht.
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Indiens Großbank ICICI auf globalem Expansionskurs!
Thursday, 09. Mar 2006
Indiens größte privatisierte Bank, ICICI, plant kräftig zu expandieren. Vor allem im Ausland soll die Präsenz gesteigert werden, um am Exporthandel der großen indischen Firmen Teil haben zu können.
Bislang beträgt das Auslandsgeschäft der ICICI gerade einmal rund 15 Prozent. Bis in den nächsten drei Jahren soll das Auslandsgeschäft die 30 Prozentmarke überschreiten.
Im nun beinahe abgelaufenen Geschäftsjahr (bis 31.3.2006) hat die Großbank vier neue Länder erschlossen. Darunter sind Hong Kong, Kolumbien, Sri Lanka, Dubai, Vereinte Arabische Emirate und Moskau. Vor allem in Südostasien will die ICICI Bank ausbauen. Bereits in Kürze sollen in Thailand, Indonesien und Malaysia neue Geschäftsräume bezogen werden. Für Europa ist zunächst Belgien als Standort geplant.
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Foreign Rivals Don't Worry India's Banks
Friday March 24
By Nisha Gopalan
India's Banks Aren't Worried About Foreign Competition Rushing Into Their Booming Market
HONG KONG (AP) -- Foreign investment banks may be piling into India to advise the companies looking for overseas expansion or fundraising, but the country's domestic banks aren't worried.
Indian investment banking giant ICICI Securities , like everyone else, is looking to overseas deals, but their focus is where they feel they have a niche -- the midcap player.
"Overseas deals are the great opportunity for Indian investment banks in India," Bombay-based Subrata Mukherji, ICICI's managing director and chief executive, said in a recent interview with Dow Jones Newswires. "Medium-sized midcap firms need help tapping foreign markets and that is where we add value."
With
India's economy growing at about 8 percent a year and Indian companies actively raising funds overseas and domestically, the Indian stock market is up 16 percent this year after 2005's 42 percent surge.
There are plenty of potential deals to chose from, but ICICI says it has a particular advantage at home due to its lower cost and better knowledge of the market.
"In the last two years, Indian companies have become competitive and are increasingly seeking a global footprint," Mukherji said. "India is growing at 8.5 percent a year, but companies are growing at a much higher rate, and the only way to sustain that is to look overseas. As equity markets have come to life in India in the past couple of years, Indian companies have got the funding to go overseas."
Although foreign investment banks are beefing up their presence in the market, "there's space for everybody," Mukherji said.
Switzerland's Credit Suisse Group is planning to restart operations after regulators shut them down for several years over a price-fixing scandal, while Australia's Macquarie Group opened its first India office in Bombay early this month.
Last week, Goldman Sachs sold its stakes in its two joint ventures, as part of its aim to start its own Indian investment banking and securities business, three months after Merrill Lynch & Co. invested US$500 million (euro418 million) to buy out all but 10 percent of its joint-venture partner. Britain's Barclays PLC is planning to double the equity it has in India to underwrite larger deals.
What many of them are counting on is the increasing internationalization of India's companies. According to data provider Dealogic, last year Indian companies sold US$16 billion (euro13.4 billion) of equity and equity-linked securities, 60 percent more than in 2004, while M&A more than tripled to US$20.4 billion (euro17.0 billion).
Mukherji said in general, Indian companies look for four targets in their overseas forays: access and brands, low costs, resources and technology.
"Indian companies are looking to Western Europe and North America for market access and brands, China as a low-cost base, Australia and Russia for resources and Germany for technology," said Mukherji. "In the last two years, Indian companies have become competitive and are increasingly seeking a global footprint. As equity markets have come to life in India in the past couple of years, Indian companies have got the funding to go overseas."
Nisha Gopalan is a Hong Kong correspondent for Dow Jones Newswires.
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Indiatimes ICICI Bank credit card launched
Tuesday, March 21, 2006
TIMES Internet Ltd (TIL) and ICICI Bank have come together for a new offering that promises to make shopping on the net convenient and secure. On Monday the ‘Indiatimes ICICI Bank Credit Card’, with additional security features and an exclusive cash back offer, was launched.The card offers an online fraud cover of Rs 20,000.
The 1.8m customers already shopping on Indiatimes will have special access to ShopMore, a dedicated section created on the website, where special offers and discounts will reward customers shopping with the ‘Indiatimes ICICI Bank Credit Card.’ Offers are also available across all sections on ‘Indiatimes Shopping.’
In an exclusive cash back offer, customers will enjoy a flat 5% cash back on air tickets purchased on Indiatimes and a 10% cash back on most categories on Indiatimes shopping. Discounts up to 40% are also available on various products, including audio and video, apparel, health and personal care, home, lifestyle applications, hotel bookings and on Indiatimes subscription.
Indiatimes is the country’s largest online entertainment portal. ICICI Bank is the country’s biggest private bank. ICICI Bank provides a special internet security cover through an online fraud protection insurance feature that will enable users to shop more.
Speaking at the launch, ICICI Bank executive director Chanda Kochhar said, “The Indiatimes ICICI Bank Credit Card is a product designed specifically to address the needs of the retail e-commerce customer. It will enhance the experience of shopping online with a wide range of exclusive offers and value-added benefits provided to customers, while assuring customers of a secure online shopping environment.”
Vineet Jain, chairman, TIL and managing director of the Timesgroup, said, “The Indiatimes ICICI Bank Credit Card marks the coming together of one of the country’s largest banks with the country’s largest online portal. Great deals, an amazing rewards scheme and complete security will galvanise e-shopping in India and make the card truly unique and irresistible. The card is also the first of its kind offered by any portal in India and is an example of yet another path breaking initiative by Times Internet Ltd.”
The Indiatimes ICICI Bank Credit Card also presents special offers on events, shows and summits promoted by Indiatimes. Cardholders will be able to avail special equated monthly instalments (EMI) interest rates for all purchases on Indiatimes.
Customers will be offered exclusive dining deals and discounts in the best restaurants in the top eight cities in India, covering over 500 outlets. The card comes with a multiple rewards programme through which cardholders can also earn 4 reward points for every Rs 200 spent at Indiatimes. They can redeem their reward points against transactions made on the site ends.
