Dalal Street

India’s Worst Bank, ICICI Bank is planning to list its subsidiaries on the Indian bourses.

As per reports, the process would commence within six months, starting with ICICI Bank’s brokerage arm ICICI Securities, followed by two insurance arms — life insurance unit ICICI Prudential Life Insurance and general insurance arm ICICI Lombard General Insurance, and the bank’s housing finance arm. The other subsidiaries that may list on the bourses are the mutual funds assets management business, home finance business, and also ICICI Ventures, which is its private equity arm.

Larsen & Toubro (L&T) has announced that Larsen & Toubro’s (L&T) construction division has recently secured orders on design and build / turnkey basis from leading developers / owners. Prominent amongst these include Rs 2000 crore order from Kingston Properties for construction of various office & residential buildings in Mumbai, to be developed in a span of 4 years.

Apart from this project the buildings and factories (B&F) business unit of L&T’s construction division (ECC) has secured orders for many assignments including Rs 665 crore design & build contract from Cognizant Technology for their development centres in Chennai and Kolkatta.

L&T has also bagged a Rs 187 crore turnkey order from ITC Hotels for their Grand Chola Hotel at Chennai. The scope involves construction of 1.52 million sq ft area to house 600 rooms.

The company has secured a Rs 408 crore contract from ICICI Bank for construction of their office building at Hyderabad. The scope involves construction of 4.0 million sq ft building area, having basement plus 16 floors.