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Non-recurring engineering (NRE) cost refers to the one-time cost to research, design, develop and test a new product or product enhancement. When budgeting for a new product, NRE must be considered to analyze if a new product will be profitable .
ICICI Bank Limited is an Indian multinational bank and financial services company headquartered in Mumbai with a registered office in Vadodara.It offers a wide range of banking and financial services for corporate and retail customers through various delivery channels and specialized subsidiaries in the areas of investment banking, life, non-life insurance, venture capital and asset management.
ICICI Lombard General Insurance is the largest private-sector general insurance company in India. [5] In a 2016 fiscal, ICICI Bank sold a 9.0% stake in ICICI General to its joint venture partner, Fairfax Financial Holdings, at a company valuation of ₹ 172.25 billion (equivalent to ₹ 250 billion or US$2.9 billion in 2023). [6]
In 2020, ICICI Prudential Life had crossed ₹ 2 trillion (US$23 billion) mark in assets under management (AUM). [21] The total premium income was ₹ 320 billion (US$3.7 billion) of which ₹ 120 billion (US$1.4 billion) was from the new business premium while approx. ₹ 210 billion (US$2.4 billion) was of the renewal premium. [22]
The company was incorporated in 1999, under the Companies Act, 1956 as a wholly owned subsidiary of ICICI Bank. [11] [12] It was created by ICICI Bank to focus as a separate entity dedicated to provide housing finance. [13] ICICI HFC is registered with National Housing Bank.
NRG Energy completed its acquisition of GenOn Energy in December 2012 [32] for $1.7 billion in stock and cash. [33] The GenOn name was retired in the merger, but the combined company retained GenOn's Houston headquarters to coordinate operations. [32] That company, in turn, had been formed out of the merger of RRI Energy and Mirant Corporation ...
Lifting towers at the port of Houston in the late 19th or early 20th century. The original Port of Houston was located at the confluence of Buffalo Bayou and White Oak Bayou in downtown Houston by the University of Houston–Downtown. This area is called "Allen's Landing" and is now a park. [7] It is the birthplace of the City of Houston.
The Williams Tower (originally named the Transco Tower) is a 64-story, 1.4 million square feet (130,000 m 2) class A postmodern office tower located in the Uptown District of Houston, Texas. The building was designed by New York–based John Burgee Architects with Philip Johnson in association with Houston-based Morris-Aubry Architects (now ...