Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : ICICI Ltd - (Nyse: IC) -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (25)	1/12/2000 5:04:00 PM
From: Imran	Read Replies (1) \| Respond to of 494

thanks for the link. i see arbitragers corrected the slight discrepancy in price. both IC and ICd closed at the same price. let's see how far interest rate fears take this stock. being a bank, i see it being affected (but not that much)... imran

To: Mohan Marette who wrote (25)	1/17/2000 8:41:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 494

Exodus at top companies: ICICI loses senior executives 17-01-2000 16:45:27 Indiainfoline has learnt that three senior people from the retail finance business of ICICI are resigning to start up their own Internet company. The details of their projects are not yet known. ICICI, it may be recalled, has recently lost Mr. Ananda Mukherji, General Manager, in charge of e-commerce at ICICI to Enron. Before e-commerce, Mr. Mukherji was heading the infrastructure group of ICICI. Mr. Mukherji, however is joining Enron as CFO and not any start up venture. The retail finance business in ICICI is headed by Ms. Sikha Sharma, Senior General Manager and the retail finance sales is headed by Mr. Harsh Rungta. Retail finance and e-commerce have been two thrust areas for ICICI in recent times. Mr. Mukherji?s charge has now been assumed by Mr. Nachiket Mor, General Manager, who also oversees the Treasury and Investments division of ICICI. Recently a new trend has affected corporate executives. No longer happy with a 9 to 9 job (there are no 9 to 5 jobs these days, right?) offering high salaries and bonuses, executives have been making a beeline for start up companies especially in the internet and IT area. Recently four senior executives from Arthur Anderson have resigned to start their own internet venture. Among the more famous names who have started of on their own are Raj Agnihotri of Reliance group who is floating his own start up and Ashok Jain, CEO of Cadbury Schweppes, who recently quit and is planning to set up three internet portals. The internet bug initially bit the financial services professionals who were more open to such ideas given the downturn in the industry. They were also among the first ones to spot the money-making opportunity. People from well established IT companies have also been quitting to set up their own firms.