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Sebi warns ICICI Bank over FPI fund repatriation under VRR framework
Market regulator Sebi has warned ICICI Bank for allowing an FPI to repatriate funds before completion of the committed retention period under the Voluntary Retention Route
ICICI Bank receives warning letter from SEBI over FPI transaction violation
SEBI issued the warning for permitting one foreign portfolio investor (FPI) to repatriate funds prior to completion of the committed retention period under the voluntary retention route (VRR). Shares of ICICI Bank Ltd ended at ₹1,252.30, up by ₹9.95, or 0.80 on the BSE today, June 4.
Airtel says India’s telecom pricing model is ‘broken’ as ARPU growth slows
Bharti Airtel is dissatisfied with slow ARPU growth due to a flawed pricing system. The company plans to increase average revenue per user by focusing on post-paid plans and encouraging data consumption upgrades. Investments will also target fibre broadband and new growth areas like data centres and financial services. Airtel is committed to strengthening its network and future-proofing its business.