Uday Kotak and family buy 12 flats in Mumbai for over ₹200 cr, set national price record at ₹2.71 lakh per sq ft

Uday Kotak and his family members have purchased 12 sea-facing apartments for ₹202 crore in a residential complex named Sagar Building on Worli Sea Face, according to property registration documents accessed by Zapkey.com. ₹202 crore in Sagar Building at Worli Sea Face for around ₹2.71 lakh per sq ft.(PTI)” title=”Uday Kotak and his family members […]

Kotak, RBL feel pain of microfinance defaults

MUMBAI: Private banks continue to feel the pain of defaults in the microfinance segment. Kotak Bank and RBL Bank which declared their earnings on Saturday, both reported higher defaults in the microfinance segment.Kotak’s consolidated net profit for the quarter ended Dec 2024 was up 10% at Rs 4,701 crore from Rs 4,265 crore in the […]

Kotak sounds alarm on ‘narrative stocks’

Most segments of the stock market remain overvalued despite the steep correction in the main equity indexes, warns Kotak Securities. Stocks are expected to stabilize after Monday’s bruising selloff that pushed the main indexes to the edge of oversold territory in India. Nifty futures indicate a modest upside, with the gauge likely rebounding from a […]

Kotak pegs 2025 IPO pipeline at $35 billion

MUMBAI: Kotak Mahindra Capital Company (KMCC) on Friday pegged the overall initial public offer (IPO) market pipeline at $35 billion for 2025. This will be a substantial jump from the $22 billion, which companies raised in the just concluded 2024, the company said. A bulk of $9 billion of the IPOs in the pipeline are […]

Finmin appoints SBI Chairman C S Setty, Uday Kotak as governing council members of NIIF Trustee

NEW DELHI: The Finance Ministry on Tuesday inducted two new members in the governing council of the National Investment and Infrastructure Fund Trustee Ltd (NIIFTL) which provides strategic guidance on a number of matters including investment of the corpus of NIIF. The new members are SBI Chairman C S Setty who replaced his predecessor Dinesh […]