Kochhar steps down pending inquiry

ICICI Bank in a statement said that its MD and CEO Chanda Kochhar “has decided to go on leave till the completion of the inquiry” by former Supreme Court judge B N Srikrishna into conflict-of-interest allegations against her.

JP Morgan's Jigar Shah is joining KKR

JP Morgan managing director and India head of legal Jigar Shah will be joining KKR in Mumbai as its India head of legal in a new role, said sources close to the development.

The Indian government has decided not to go ahead with Air India stake sale in an election year and will provide required funds for its operations, a senior official said.

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