4th year from a mid-tier NLU. Have internships scheduled at both for same period. Where should I intern, taking into account chances of PPO?

S&R is way better but they are highly selective with respect to handing out offers.

Which practice area? If cap mkts then s&r and if mumbai funds then icul. The above choice is a no brainer.

S&R hands down, it is the gold standard.

Better chances of getting a ppo with icul as their hiring is more than s&r. However, as somebody has already highlighted - as to which team and city you are getting an opportunity should be the decisive factor. Icul mumbai funds versus s&r cap markets delhi should be the guiding factor. Both dominant in their respective specialisation areas.

Guys what if I have confirmation between ICUL Funds and S&R Cap marks.

Funds

S&R Cap Marks

Then you must be very bright to have such 2 great internship offers. Then khud hi decide karle na bhai yahan baaki logon ki opinion kyon maang raha hai