Daily BriefsIndia

Daily Brief India: Route Mobile, ICICI Bank Ltd and more

In today’s briefing:

  • Route Mobile Ltd: Forensic Analysis
  • ICICI Bank, KMB Q1 Conferences: Media and Analysts’ Silence Is Not Golden for Stakeholders

Route Mobile Ltd: Forensic Analysis

By Nitin Mangal

  • Route Mobile operates as a cloud communication provider to enterprises, OTT players and mobile network operators. The company got listed on the bourse in September 2021.
  • Route is a growing company, and derives a significant chunk of its business internationally.
  • Route Mobile is a story centralized by grey areas, be it accounting or management’s stance on contingent liability, or impairment in investments.

ICICI Bank, KMB Q1 Conferences: Media and Analysts’ Silence Is Not Golden for Stakeholders

By Hemindra Hazari

  • ICICI Bank Ltd (ICICIBC IN) & Kotak Mahindra Bank (KMB IN) actively covered by a large number of analysts
  • Significant issues of regulatory penalties on Kotak Bank subsidiary & major theft in a currency chest of ICICI Bank. No clarification from both banks
  • Instead of demanding explanations from the banks during the 1Q concalls, media and analysts chose to remain silent

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