Uday Kotak

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Uday Kotak - Total results - 113
COVID-19 impact: IDFC First Bank senior management takes 10% compensation cut in FY21; pays 100% variable pay to 78% staff
Business

COVID-19 impact: IDFC First Bank senior management takes 10% compensation cut in FY21; pays 100% variable pay to 78% staff

IDFC First Bank paid 100 percent of the variable pay to 78.2 percent of employees for FY20.

Kotak Mahindra Bank declares 10%  pay cut for staff with over Rs 25 lakh annual salary
Business

Kotak Mahindra Bank declares 10% pay cut for staff with over Rs 25 lakh annual salary

Private sector lender Kotak Mahindra Bank has decided on a 10 percent pay cut for the employees earning above Rs 25 lakh per annum, in a business sustainability move amid the COVID-19 pandemic, according to a communication

Coronavirus Outbreak: Uday Kotak to takes notional salary of only Re 1 for financial year 2020-21
Business

Coronavirus Outbreak: Uday Kotak to takes notional salary of only Re 1 for financial year 2020-21

Billionaire banker Uday Kotak has decided to take a notional salary of only Re 1 for the financial year 2020-21, amid COVID-19 pandemic, which is likely to have huge economic implications

Hinduja Group keen to raise stake in IndusInd Bank to 26%, seeks RBI permission; shares down over 9%
Business

Hinduja Group keen to raise stake in IndusInd Bank to 26%, seeks RBI permission; shares down over 9%

IndusInd Bank shares touched a high of Rs 707.45 in the morning session, but later pared gains to trade at Rs 668.80, up 0.7 percent from their previous close, at 11:42 am on NSE.

Yes Bank crisis: Best practices needed as benchmark to govern banks; govt should consult with veteran bankers for solutions
Business

Yes Bank crisis: Best practices needed as benchmark to govern banks; govt should consult with veteran bankers for solutions

Recent days have seen RBI governor Shaktikanta Das pulling up public sector banks for poor credit growth even as Kapoor's Yes Bank shenanigans were simmering in the backdrop.

Kotak Mahindra Bank gets Reserve Bank's final approval for trimming promoters' stake to 26%
Business

Kotak Mahindra Bank gets Reserve Bank's final approval for trimming promoters' stake to 26%

Private sector Kotak Mahindra Bank on Wednesday said the Reserve Bank has granted its final approval for reducing promoters' stake in the bank to 26 percent

Kotak Mahindra Bank best suited to acquire Yes Bank, says SBI chairman Rajnish Kumar
Business

Kotak Mahindra Bank best suited to acquire Yes Bank, says SBI chairman Rajnish Kumar

Two of India's top bankers on Tuesday opined that Kotak Mahindra Bank (KMB) is best suited to acquire smaller and capital-starved rival Yes Bank

Mukesh Ambani polevaults to 12th position as world's richest Indian with net worth of $59.4 bn after m-cap nears Rs 10 lakh cr
Business

Mukesh Ambani polevaults to 12th position as world's richest Indian with net worth of $59.4 bn after m-cap nears Rs 10 lakh cr

With Reliance Industries having overtaken British energy giant BP Plc to become the sixth-largest energy company in the world, the conglomerate is now valued at $138 billion

Tata Sons chairman N Chandrasekaran bats for privatisation of power discoms; says system bleeds, all deadlocks should be cleared
Business

Tata Sons chairman N Chandrasekaran bats for privatisation of power discoms; says system bleeds, all deadlocks should be cleared

His comments come a day after a media report said that half of the thermal power plants in the country the largest source of power are shutting down.

Forbes India Rich List: Mukesh Ambani retains top spot for 12th consecutive year, Gautam Adani jumps to second place
Business

Forbes India Rich List: Mukesh Ambani retains top spot for 12th consecutive year, Gautam Adani jumps to second place

Mukesh Ambani remains India’s richest for the 12th consecutive year, with $51.4 billion in wealth

IL&FS crisis: Uday Kotak gets one-year extension on bankrupt infra lender's board, exemption given on RBI recommendation
Business

IL&FS crisis: Uday Kotak gets one-year extension on bankrupt infra lender's board, exemption given on RBI recommendation

Kotak was appointed by the government as the head of the lender's board which will help the troubled company come out of difficulties after the state took over the board.

Industry, stock market experts term Sitharaman's corporate tax cut 'revolutionary', say will make Indian firms globally competitive
Business

Industry, stock market experts term Sitharaman's corporate tax cut 'revolutionary', say will make Indian firms globally competitive

In a major fiscal booster, the government on Friday slashed effective corporate tax to 25.17 percent inclusive of all cess and surcharges for domestic companies.

CII to support investment activities in Jammu and Kashmir, says Uday Kotak after meeting Nirmala Sitharaman
Business

CII to support investment activities in Jammu and Kashmir, says Uday Kotak after meeting Nirmala Sitharaman

Industry body CII on Friday assured Finance Minister Nirmala Sitharaman that the industry body will support investment activities in Jammu and Kashmir

IL&FS crisis: Cash-strapped infrastructure lender says on course to clear Rs 20,000 cr debt
Business

IL&FS crisis: Cash-strapped infrastructure lender says on course to clear Rs 20,000 cr debt

Infrastructure Leasing & Financial Services (IL&FS), which has an outstanding debt of Rs 94,216 crore, said on Wednesday the board has taken various steps to address over Rs 20,000 crore of its debt pile over the past nine months

Bernard Arnault replaces Bill Gates as world's second-richest person with $39 billion gains in a year; Jeff Bezos retains top slot
World

Bernard Arnault replaces Bill Gates as world's second-richest person with $39 billion gains in a year; Jeff Bezos retains top slot

Bernard Arnault added $39 billion to his fortune in 2019, which pushed his net worth to $107.6 billion, as he led Gates by more than $200 million.

HDFC Bank refused loans to Vijay Mallya; need to separate friendships from banking, cautions MD, CEO Aditya Puri
Business

HDFC Bank refused loans to Vijay Mallya; need to separate friendships from banking, cautions MD, CEO Aditya Puri

Aditya Puri cited how his bank turned down a loan request from the now-fugitive businessman Vijay Mallya

Godrej family dispute: Group promoters seek external partners' advice to think through option of future strategy
Business

Godrej family dispute: Group promoters seek external partners' advice to think through option of future strategy

Godrej group promoters Thursday said they have sought advice from external partners to help them plan future strategy, amid reports of a rift between family patriarchs over long-term planning and utilisation of a prime land parcel in Mumbai

Godrej family spat: Heirs reach out to mediators to rework pact over 1,000-acre landholding in Mumbai
Business

Godrej family spat: Heirs reach out to mediators to rework pact over 1,000-acre landholding in Mumbai

The bone of contention is a 1,000 acre plot in Vikhroli, a distant suburb of Mumbai, concentrated with Godrej & Boyce

ICRA downgrades ratings, outlook on Yes Bank citing spike in lower-rated advances, falling core capital buffers
Business

ICRA downgrades ratings, outlook on Yes Bank citing spike in lower-rated advances, falling core capital buffers

Yes Bank had reported its maiden loss of over Rs 1,506 crore in the March quarter, driven by a near ten-fold spike in provisions.

Uday Kotak warns of more liquidity squeeze in next two quarters muddying waters for financial sector again
Business

Uday Kotak warns of more liquidity squeeze in next two quarters muddying waters for financial sector again

The next six months are crucial for the financial sector, Uday Kotak, the executive vice-chairman of Kotak Mahindra Bank said, adding the fear this time is the financial sector impacting both itself as well as the real sector.