ICICI

Most of the Asian markets rose Tuesday as investors remained hopeful that the world's central banks would announce stimulus measures soon to help boost the global economic growth.

Most of the Asian markets rose Monday as investor confidence was lifted by the hope that the central bank around the globe would announce stimulus measures to regain the economic growth momentum.

ICICI Bank(ICBK.NS), India's top private lender, posted on Friday a 36.3 percent jump in quarterly profit, its strongest growth in more than a year, helped by robust loan growth, high fee income and better asset quality.

ICICI Bank, India's top private lender, Friday reported a 36 percent increase in its net profit in the first quarter of the financial year 2012, exceeding the market expectations.

Asian markets rose Thursday amid hopes that central banks all over the world would soon announce stimulus measures to tackle the weakening global economy.

Wipro Ltd, India's third largest IT services exporter, Tuesday reported a jump of 6.7 percent sequentially in its first quarter profits for the financial year 2012-13, aided by the strong demand for outsourcing services and the week Indian rupee.

Most Asian markets fell Tuesday as investor sentiment was dragged down by the continuing concerns over the debt burden lingering over the euro zone.

With a manager dead, 90 employees in jail and an entire factory's workforce under investigation for murder, Maruti Suzuki faces a shutdown at a major auto plant that could last several weeks or more and cost it $15 million a day.

Asian markets were rose Monday as investors are hoping that China will soon announce stimulus measures to regain the economic growth momentum.

Most Asian markets fell Thursday as investor worries about worsening global economic downturn strengthened following unanticipated interest rate cut in South Korea.

Most Asian markets fell Wednesday amid investor concerns about the euro zone?s debt burden to worsen global economic downturn.

The State Bank of India (SBI), the prime lender to the debt-stricken Indian private air carrier Kingfisher Airlines, said Tuesday that a full recovery of its loans might not happen immediately. The ailing airliner owes $1.4 billion in loans to 17 plus lenders, who have asked the company to infuse fresh capital.

A consortium of lenders of the cash-strapped Kingfisher Airlines Thursday asked the Indian private carrier to sell its properties in Goa and Mumbai and to come up with concrete steps to improve its operations.

The strike by Air India pilots became the second longest stir in India's aviation history when it entered the 57th day Monday even as the pilots of a private Indian airline -- Kingfisher -- called for a strike to protest against the non-payment of their salaries.

India's BSE Sensex soared more than 430 points or 2.59 percent to a two-month high of 17448.48 Friday on positive global and domestic cues. The 30-share benchmark index opened at 17134.61 and reached a high of 17448.48 before closing down at 17429.98.

Most Asian markets rose Thursday as encouraging data from the U.S. softened concerns about the debt crisis looming over the euro zone.

Fitch Ratings Wednesday revised its outlook on 11 India-based financial institutions to negative from stable while affirming the rating. Fitch revised the outlook on the Indian Railway Finance Corporation Limited's (IRFC) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to negative from stable and affirmed the ratings at 'BBB-'.

The surprise decision Monday by the Reserve Bank of India to hold its interest rate steady because of inflation concerns puts fresh pressure on the ruling Congress Party to find a fiscal solution to the country's flagging economy.

Indian markets fell Monday after the Reserve Bank of India (RBI) announced that the key rates would remain unchanged.

Asian markets rose Friday as investor confidence was boosted by expectation for stimulus measures from policymakers globally.

Asian markets fell Thursday as weak retail sales data by the U.S. Commerce Department and Spanish debt downgrade by Moody's weighed down on investor sentiment.