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Indian shares set to open down tracking Asian peers ahead of key macro data

Indian benchmarks inched towards record highs on Monday, led by financials, with their gains in contrast to a drop in Asian markets ahead of key macroeconomic data from major economies. The Nifty 50 index was up 0.53% at 19,925.20 by 10 00 a.m. IST, while the S&P BSE Sensex rose 0.48% to 66,930.93.

ICICI Bank receives RBI s approval for making staffing solutions firm i-Process its subsidiary

ICICI Bank receives RBI s approval for making staffing solutions firm i-Process its subsidiary
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icici bank: ICICI Bank gets RBI nod to make I-Process Services as wholly-owned subsidiary

ICICI Bank said that it has received RBI s approval to make I-Process Services (India) Private Ltd a wholly-owned subsidiary of the lender. The board of the bank had, at its meeting held on February 17-18, 2023, approved a proposal for making I-Process Services (India) Private Limited (iProcess) a wholly-owned subsidiary of the bank. The bank currently holds a 19 per cent stake in iProcess.

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