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Sunday, April 28, 2024
TopicKotak Mahindra

Topic: Kotak Mahindra

Zurich Insurance Group in talks to buy up to 51% stake of Kotak General Insurance

Backed by Asia's richest banker Uday Kotak, the early-stage negotiations value the company at around $800m. The stake the Swiss insurer wants to secure will be worth around $400m.

Kotak Mahindra Bank quarterly net profit jumps 27%

Kotak Mahindra's standalone profit jumped 27% from the same period last year to 25.80 billion Indian rupees ($313 million) in its fiscal second quarter.

Ola picks Citigroup, Kotak among other banks to manage its IPO that could raise $1 billion

Ola, Bengaluru-based ride hailing startup, could seek a valuation of more than $8 billion in the IPO and lodge a filing as soon as October.

Kotak Mahindra shares fall after RBI caps founder-CEO Uday Kotak’s tenure

Kotak Mahindra Bank’s shares fell 1.5% in Mumbai at 1:29 pm in comparison to a 0.6% rise in a gauge of banking stocks.

On Camera

‘Until Scheduled Castes get pen and stick in their hands, they will continue to be killed’

On 4 April 1968, Bansgaon MP Molhu Prasad delivered a speech in the Lok Sabha on the atrocities against the Scheduled Castes and their negligible representation despite reservation.

Government allows export of onions to six countries, sets buffer stock target

The government had imposed an export prohibition in order to ensure adequate domestic availability of onions in the country.

Germany removes restrictions, India can now buy small arms from its firms

Germany’s erstwhile Christian Democratic Union govt, led by Angela Merkel, prevented sale of small arms to police forces in states they perceived had ‘bad human rights record’.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.