Thursday, 6 October, 2022
TopicKotak

Topic: Kotak

Why Kotak Mahindra Bank is taking legal action against BharatPe founder Ashneer Grover & wife

Grover sought damages of Rs 500cr in Oct 2021 for a notional loss allegedly suffered because of the bank. Kotak says it replied to notice, pursuing 'appropriate legal action'.

Load up on foreign stocks, top banker tells wealthy Indians

Kotak Investment Advisors CEO Srikanth Subramanian says softening of rules will see higher returns from some overseas markets than what investors can get from Indian equities.

Goldman Sachs, Kotak, ICICI among 10 banks shortlisted to manage LIC’s IPO

India may also allow foreign direct investment in LIC to ensure a diversified and strong demand across various segments of investors.

India’s top cotton trader halts China shipments amid coronavirus panic

Mumbai-based Kotak Commodity Services will now look for new buyers of cotton in countries such as Bangladesh, Indonesia, Taiwan and Vietnam.

Kotak halts bid for Altico as India struggles with shadow banking crisis

Altico Capital India Ltd. is one of the latest caught up in India's shadow banking crisis that started in 2018.

Funding crisis to worsen unless India pumps in cash, Kotak says

India’s cash deficit is the worst since 2016, largely due to muted government spending & high election-linked expenditure.

IL&FS must die for its infrastructure projects to live

IL&FS is an unwieldy, opaque hydra. More than size, it’s the diffuse nature of its operations that should worry its new directors.

On Camera

YourTurn

The BMW i4 eDrive40. Photo Credit: BMW

Ukraine crisis gave auto sector a crude shock. See how India is responding

The PLI scheme as well as other sops for manufacturing, show that despite some public missteps, government is trying to coax manufacturing into India.

Indian refiners scout for oil deals ahead of EU ban on Russian crude imports

European Union ban on Russian crude imports from 5 Dec will drive European refiners to buy more Middle East oil, putting them in competition with Asian buyers.

Defence

File photo of a BrahMos firing by a Su-30 MKI | Credit: IAF

IAF to increase Sukhois armed with BrahMos supersonic cruise missile with over 500km-range

The IAF currently has 40 SU-30 MKI with BrahMos, the only supersonic cruise missile in the world.

India’s hijab supporters will lose even if they win SC battle. Because the real war is political

In a highly polarised time, cornered minorities tend to lean back and protect the roots and fundamentals of what is so dear to them. Politically, it can often be a bad trap.
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