1. News
  2. Explained

ICICI Bank To Restructure Top Management et al

Professor of Financial Economics and Part-time Value Investor, Transfin.
Jun 18, 2018 11:50 AM 1 min read

End of Day Wrap-up (Monday / June 18, 2018) #NSE #SGX #ICICI #SEBI #AirIndia #IPO #car #Google #Audi #Transfin

Editor's Comment: Arbitrator appointed by Bombay High Court directs National Stock Exchange to extend agreement of Nifty license products to the Singapore Exchange until dispute concludes. New India derivative products not to be launched. NSE announced snapping of ties with SGX in February 2018.


ICICI Bank in discussion to restructure top management, with ICICI Prudential Life CEO Sandeep Bakhshi likely to become interim chief. Board has yet to sign off final decision. Discussion ongoing in light of internal probe investigating conflict of interest allegations on present CEO Chanda Kocchar.

Volkswagen's luxury arm, Audi, CEO Rupert Stadler arrested in diesel emission case. Stadler was arrested on fears he would hinder an ongoing investigation into systematic diesel cheating, plunging parent company Volkswagen into a leadership crisis.
SEBI rejects listing plan of Air India seeking exemption from the mandatory net profit requirement to IPO. Present rules require the entity bein IPO’ed to demonstrate profitability for pasy three years.
Big US automakers opting for fuel efficient engines in large vehicles, driving a new surge if innovation as per reports. 
Google makes $550m strategic investment in Chinese ecommerce company Objective is to merge’s experience and technology in supply chain and logistics in China with Google’s customer reach, data and marketing expertise.