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Depositors pull out Rs 17K cr from ICICI since March MUMBAI: ICICI Bank is shifting focus away from wooing bulk deposits as part of a strategy to reduce its cost of resources. Over the last six months, the bank saw an exodus in deposits following a cut in the lending costs. In the first...

As I write this piece, the Indian stock indices are at their highest levels ever. The rupee is at its highest level against the US dollar in nine years. Mukesh Ambani-controlled Reliance companies' market cap now exceeds $100 billion (as also Arcelor Mittal's). The new generation winners operate...