Kotak Mahindra Bank

Daily Bulletin: Amit Shah, Jaitley unwell months before polls; Theresa May wins confidence vote; Netflix, Hotstar to censor content; day's top stories

Today's top stories: Two top lieutenants of Narendra Modi, Amit Shah and Arun Jaitley, unwell months before LS polls; Netflix and local rival Hotstar to censor content in India, say sources; Petrol price down, diesel rate up; and more.

Kotak Mahindra Bank case to come up for hearing amid clamour for change in ownership rules

Kotak Mahindra Bank's case against an RBI decision on promoter stake dilution is likely to come up for hearing before the Bombay High Court on Thursday amid a growing clamour for a review of the central bank's ownership guidelines for home-grown private sector lenders

BM Khaitan Group plans to sell Eveready Industries as part of rejig to pare debt, may retain 10-15% stake

The promoter company, which owns 45 percent in the publicly traded Eveready, is said to have mandated Kotak Mahindra Bank for the potential sale. “

NBFC crisis: Though lenders received a breather late last year, sector still 'fragile', says Uday Kotak

Kotak, the executive vice chairman and managing director of Kotak Mahindra Bank, said he took up the task of heading IL&FS on a request from the government as a "national duty".

Bombay HC refuses relief for Kotak Mahindra Bank on deadline extension for promoter stake dilution

The Bombay High Court on Monday refused to grant stay on private sector lender Kotak Mahindra Bank's plea for extension of the RBI's 31 December deadline for promoter stake dilution.

Urjit Patel resignation: The vigilant owl flies out in protest, as the nest comes under attack

Urjit Patel succeeded Raghuram Rajan to the 19th floor corner office of the Mint Road, saw through the badly implemented demonetisation decision.

Kotak Mahindra Bank moves Bombay High Court against RBI's decision on promoter stake dilution

In August, Uday Kotak, the founder and promoter of Kotak Mahindra Bank, has pared down his stake in the bank to 19.70 percent from about 30 percent following the issuance of preference shares.

Sensex rebounds 361 points to close at 35,673 on positive global cues; Kotak Mahindra Bank shares up 9%

Benchmark indices broke their three-day falling streak on Friday driven by strength in global equities, sliding crude prices, recovering rupee and a surge in Kotak Bank shares on reports that Berkshire Hathaway was planning to pick up stake in the lender.

Kotak Mahindra Bank shares climb 14% on reports of Berkshire Hathaway stake buy

Berkshire Hathaway may invest between $4 billion and $6 billion in the lender by buying promoter stake or through a preferential allotment.

Uday Kotak, Anand Mahindra lash out at proliferation of regulations, say they are forced to follow rules in letter and not in spirit

The comments come days after auto industry veteran Rahul Bajaj also expressed his displeasure on laws made by Sebi and corporate affairs ministry in the wake of fleeing defaulters.