kotak mahindra bank

Uday Kotak, founder of kotak mahindra bank, urged India to reduce its reliance on foreign capital and cultivate a robust domestic pool of long-term risk capital for true self-reliance. He emphasized that companies should prioritize building businesses with a three-to-five-year vision over short-term stock price fluctuations, advocating for stronger domestic private equity and venture capital ecosystems.

Indian equity benchmarks Sensex and Nifty closed lower on Tuesday after a late sell-off in heavyweight stocks like HDFC Bank and Reliance Industries erased early gains. Concerns over the rupee hitting a fresh record low and elevated crude oil prices also weighed on investor sentiment, though IT stocks provided some support.

kotak mahindra bank is exploring Deutsche Bank's retail business, having exited the IDBI Bank acquisition due to valuation concerns. CEO Ashok Vaswani emphasized that any deal must align strategically, be financially sound, and manageable. The bank reported a 13.4% year-on-year profit increase for the March quarter, driven by robust loan expansion and reduced provisions.

India must cut reliance on foreign capital & build a strong domestic pool: Uday Kotak

In the financial landscape of Bihar, a remarkable milestone was reached as the credit-deposit ratio soared past 60.21% in FY 2025-26, reflecting vigorous economic growth and a surge in citizen confidence. This impressive jump from 44.09% in 2018-19 particularly supports vital areas such as agriculture and MSMEs.

Retail inflation edged up to 3.5% in April, driven by a rise in food prices. While fuel inflation slowed, restaurant services saw a significant price jump due to higher LPG costs. Consumer durables like cars and air conditioners, however, became cheaper. Experts note upside risks to the inflation outlook despite the softer-than-expected reading.

Kia India has launched a Battery-as-a-Service (BaaS) finance program for the Carens Clavis EV, aiming to reduce upfront costs by separating vehicle and battery financing. This allows ownership plans starting from Rs 51,520 with an additional per-kilometer battery subscription charge, making EVs more accessible.

Stock market today: The BSE Sensex, comprising 30 stocks, advanced 355.90 points, or 0.46 per cent, to close at 77,269.40. During the session, it had surged as much as 997.25 points, or 1.29 per cent, reaching an intraday high of 77,910.75.

Investors from Tier-2 & -3 cities embrace stocks and mutual funds, but gaps in advisory may leave many vulnerable

The government has revived the strategic sale of its stake in IDBI Bank, along with LIC's holding, after previous bids were rejected. A fresh valuation is underway, with officials considering whether to re-engage existing bidders or restart the process to expedite the sale and maintain investor confidence.

A special NDPS court ordered the defreezing of bank accounts belonging to Rhea Chakraborty, her brother Showik, and mother Sandhya. The court ruled the Narcotics Control Bureau failed to comply with mandatory procedural safeguards, specifically Section 68F(2) of the NDPS Act, regarding the confirmation of frozen assets within 30 days.

The Indian stock market saw mixed movements today, with the BSE and NSE experiencing gains and losses across various sectors. Trent and SBI emerged as top gainers on both exchanges, while companies like Titan and Axis Bank faced declines. Technology and banking stocks showed a general downward trend.

Indian stock markets fell sharply on Thursday. The Sensex dropped over 900 points. Renewed tensions in West Asia impacted investor sentiment. Rising crude oil prices and foreign fund outflows also contributed to the decline. Global markets also traded lower. Profit-booking was observed after a recent rally.