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FS Daily Bytes: 18th Aug

India

1.       ICICI Lombard IPO subscribed 98% overall and 62% in retail and 10% in HNI on closing of penultimate day

2.       FM Arun Jaitely launched Google payment App Tez today

3.       SBI Card added 10 more lakh to its customer base in last one year taking total to 50 lakh

4.       Nomura indicated that CAD (current account deficit)  may widen to 1.6% of GDP compared to 0.6% of GDP last year

Rest of World

None major.

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