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India`s Kotak Mahindra Bank gets RBI nod for appointing interim MD, CEO India's Kotak Mahindra Bank said on Friday that the Reserve Bank of India has approved the appointment of Dipak Gupta as the interim managing director and CEO for two months. Gupta's appointment is effective after the RBI's approval. The appointment comes after billionaire Uday Kotak, who founded and led Kotak Mahindra, resigned as the managing director and CEO earlier this month, before the end of his term in December. Kotak's early exit from the country's fourth...
India`s Kotak Mahindra Bank gets RBI nod for appointing interim MD, CEO
India`s Kotak Mahindra Bank gets RBI nod for appointing interim MD, CEO
Source: Reuters
8/09/2023 10:46:48 AM
Uday Kotak resigns as chief executive of Kotak Mahindra Bank Uday Kotak has resigned as the managing director and chief executive of Kotak Mahindra Bank, the bank said in a stock exchange filing on Saturday. Dipak Gupta, currently the joint managing director, will carry out the chief executive duties until 31 December, the bank added. It did not give a reason for Kotak's resignation.
Uday Kotak resigns as chief executive of Kotak Mahindra Bank
Uday Kotak resigns as chief executive of Kotak Mahindra Bank
Source: Reuters
2/09/2023 3:10:53 PM
Green economy acceleration possible through supportive policy framework: Tata Steel CEO The transition to a green economy is happening but its acceleration can be done through supportive policy frameworks, T.V. Narendran, CEO and Managing Director of Tata Steel Limited, said on Saturday at the B20 Summit. Speaking at the session on financing the climate transition, he said that supportive policy frameworks could be carbon markets such as the Carbon Border Adjustment Mechanism in European Union, and infrastructural support to transition from coal to gas to hydrogen without und...
Green economy acceleration possible through supportive policy framework: Tata Steel CEO
Green economy acceleration possible through supportive policy framework: Tata Steel CEO
Source: IANS
26/08/2023 12:47:19 PM
Kotak combines alternate funds, advisory into $18 billion asset management business Billionaire banker Uday Kotak's eponymous group will combine its alternate fund management and investment advisory businesses into an entity with $18 billion under management, it said on Thursday. The entity, to be named Kotak Alternate Asset Managers (KAAM), will include $8.9 billion in alternate investment funds and the advisory business with $9.1 billion under management. "This makes us the largest asset manager in India by a yard," Srini Sriniwasan, managing director o...
Kotak combines alternate funds, advisory into $18 billion asset management business
Kotak combines alternate funds, advisory into $18 billion asset management business
Source: Reuters
3/08/2023 12:28:02 PM
India's financial sector is robust & well-governed, assure senior leaders & industry captains The Adani Group is a portfolio of businesses with strong fundamentals and robust assets. Over the years, it has consistently reported excellent financial and operational performance. Senior leaders and captains of the industry have come forward to assure the country that India's financial sector is robust and well-governed. They have cautioned investors against believing those who question India's ability to govern itself. Finance Minister Nirmala Sitharaman has described India ...
India's financial sector is robust & well-governed, assure senior leaders & industry captains
India's financial sector is robust & well-governed, assure senior leaders & industry captains
Source: IANS
28/02/2023 6:11:39 PM
India's biggest companies should invest much more, says Kotak Mahindra Bank CEO India's biggest companies should be investing much more than they are currently, Uday Kotak, chief executive of Kotak Mahindra Bank said in an interview at the Reuters NEXT conference on Wednesday.
India's biggest companies should invest much more, says Kotak Mahindra Bank CEO
India's biggest companies should invest much more, says Kotak Mahindra Bank CEO
Source: Reuters
30/11/2022 4:18:32 PM
Investing community mourns death of Rakesh Jhunjhunwala The private equity investing community on Sunday was saddened by the sudden death of broker-investor Rakesh Jhunjhunwala. "Saddened by this news. Most unexpected and only 62. He inspired many people to invest in our public markets. And was promoter of a few," Kris Gopalakrishnan, Chairman, Axilor Ventures told IANS. According to investors, Jhunjhunwala started investing in private companies recently. He had invested in standalone health insurer Star Health and Allied Insura...
Investing community mourns death of Rakesh Jhunjhunwala
Investing community mourns death of Rakesh Jhunjhunwala
Source: IANS
14/08/2022 12:47:04 PM
Government gives another 6 months to Uday Kotak at IL&FS to complete resolution The government has again extended the term of Uday Kotak as non-executive chairman of Infrastructure Leasing and Financial Services (IL&FS) to maintain continuity in the resolution plan being operatives for the indebted group. As per a notification by the department of financial services, Kotak, who is also the managing director and chief executive officer of Kotak Mahindra Bank would continue being the non-executive chairman on the board of IL&FS for another period of six months u...
Government gives another 6 months to Uday Kotak at IL&FS to complete resolution
Government gives another 6 months to Uday Kotak at IL&FS to complete resolution
Source: IANS
22/09/2021 3:01:09 PM