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ICICI Prudential exits Logix's Noida housing project for Rs 62-crore

Last Updated: Wednesday, August 5, 2015, 15:27

Realty player Logix Group has bought back its equity stake in a housing project at Noida from ICICI group's real estate fund for about Rs 62 crore, paving way for the latter's exit from the project.

Life insurance market clocks 20% growth in first quarter

Last Updated: Sunday, July 19, 2015, 18:03

After witnessing de-growth since 2010, the life insurance industry rebounded in the first quarter of the fiscal recording a robust 20 percent growth in new premium income.

February 24 set as record date for div under “ICICI Prudential Interval Fund VII - Annual Interval Plan

Last Updated: Tuesday, February 24, 2015, 12:10

ICICI Prudential Mutual Fund has announced 6.935 percent dividend under dividend payout option of scheme named as “ICICI Prudential Interval Fund VII - Annual Interval Plan C” on the face value of Rs 10 per unit. The record date for the dividend is February 24.

ICICI Prudential MF launches new close ended scheme

Last Updated: Tuesday, February 24, 2015, 12:02

The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on February 18 and will close on March 4.

6 qualify in initial bids to manage EPFO funds; Axis AMC out

Last Updated: Friday, January 9, 2015, 20:08

Six fund managers, including HSBC AMC, ICICI Prudential, Reliance Capital AMC and UTI AMC, have qualified in initial bids for managing EPFO funds for a three-year term beginning April 1.

ICICI Prudential MF launches equity fund

Last Updated: Thursday, January 8, 2015, 21:05

ICICI Prudential Mutual Fund has launched a three-and-a-half-year close ended fund that aims to provide capital appreciation by investing in equity and related securities.

Comply with anti-money laundering norms: Irda to LIC, ICICI Pru

Last Updated: Tuesday, January 21, 2014, 20:57

Irda has asked LIC to put in place systems and controls to comply with AML provisions. It said there were no systems in place to detect and monitor when a person made multiple cash transactions aggregating over Rs 50,000 in cash.

ICICI Prudential launches Value Fund Series 2

Last Updated: Tuesday, November 19, 2013, 19:12

Asset management company ICICI Prudential Tuesday launched ICICI Prudential Value Fund Series Fund 2, a close ended equity fund.

ICICI Prudential MF to launch new close ended equity fund soon

Last Updated: Tuesday, October 15, 2013, 16:30

The new fund offer will open for subscription on October 18 and will close on October 28, 2013.

ICICI Prudential AMC to launch thematic ETFs going ahead

Last Updated: Tuesday, August 6, 2013, 19:32

Currently, the mutual fund house has an asset under management under various ETFs of around Rs 200 crore. The total equity assets managed by the AMC is around Rs 16,000 crore.

Fraudsters dupe customers of 4 insurance companies

Last Updated: Sunday, May 12, 2013, 14:38

After ICICI Prudential, fraudsters have now targeted four insurance companies, including SBI Life Insurance, by stealing their customer database and duping some policy holders.

IRDA probing money laundering allegations against insurers

Last Updated: Monday, May 6, 2013, 20:32

Insurance regulator IRDA Monday said it is examining the allegations of money laundering levelled against LIC, Reliance Life, Tata AIA and Birla Sunlife and action will be taken against the guilty at the earliest.