The Indian city of Belgaum is a city in the northern part of the state of Karnataka and lies along the Western Ghats. The Government of Karnataka intends on making Belgaum the second capital of Karnataka. It is being developed into a smart city. The city was earlier known as Venugram which means Bamboo village in Sanskrit. The city has recently acquired a new name as "Kunda Nagari" for its famous sweet dish called "Kunda" which is made of milk, sugar and spices. The city is also known for its sugarcane cultivation and production and is hence often referred to as the "Sugar Bowl of Karnataka" or the "Sugar District." The Government of Karnataka officially changed the name of the city to Belagavi on 1st November 2014. Belgaum experiences a pleasant climate throughout the year and hosts around 6 lakh residents. The city receives heavy rainfall and has abundantly available water due to the rivers in the vicinity. Hence, the fertile soil supports the cultivation of various vegetables and fruits. Belgaum is also a source of poultry, meat and fish. The mining industry also thrives in the area due to the availability of aluminum and uranium ores. The city hosts prestigious educational institutes like the Visvesvaraya Technological University, Karnataka Law Society and Rani Channamma University.
ICICI Bank is an Indian multinational and financial services company headquartered in Mumbai, Maharashtra, India, with its registered office in Vadodara. In 2017, it became the third largest bank in India concerning assets and fourth regarding market capitalization. It offers many products and financial services for corporate and retail customers through investment banking, life insurance, non-life insurance, venture capital and asset management. The bank had a vast network of 4,850 branches and 14,404 ATMs in India having a presence in 17 countries as of 2017. In 1998, ICICIs shareholding in ICICI Bank was reduced to 46 percent, through a public offering of shares in India , followed by an equity offering in the form of American Depositary Receipts on the NYSE in 2000. ICICI Bank acquired the Bank of Madura Limited in an all-stock deal in 2001, Sangli Bank in 2007 and Bank of Rajasthan in 2010. In 2000, ICICI Bank became the first Indian bank to list on the New York Stock Exchange with its five million American depositary shares. In October 2001, the merger of ICICI and two of its wholly-owned retail finance subsidiaries was permitted by the Boards of Directors of ICICI and ICICI Bank, ICICI Personal Financial Services Limited and ICICI Capital Services Limited, with ICICI Bank.