Search Results for: Kotak Mahindra

fm-banks-meet-uday-kotak-stresses-on-mutual-fund-rather-than-gold-and-property-investment

FM-Banks Meet: Uday Kotak stresses on mutual fund rather than gold and property investment

New Delhi, June 10 (ANI): Vice-Chairman and Managing Director of a leading private bank, Kotak Mahindra, Uday Kotak said on Tuesday that there needs to be a significant boost for India s financial savers and it is important to move people away from property and gold investments to mutual funds. Banking Secretary GS Sandhu said the government is examining all suggestions put forth by the banking institution heads. Chairman and Managing Director of Central Bank of India, Rajeev Rishi, said the discussions were mostly on funding for bank infrastructures and capitalisation and infrared ink issue was discussed in detail. Jun 10, 2014
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BSE closes points 3.48 up on June 10

New Delhi, June 10 (ANI): Trading at the Bombay Stock Exchange today closed 3.48 points up to stand at 25,583.69. At the National Stock Exchange the Nifty closed 1.80 points up to stand at 7,656.40. TTK Prestige and Gitanjali Gems were among the top gainers of Group A with an increase of 13.50% and 9.43% along with Essar Oil and Bharti Infratel with an increase of 8.41% and 6.51% respectively, while the top losers of Group A include Sobha Developers Ltd. and Pipavav Defence with a decrease of 5.94% and 4.95% along with Shree Cement and Mahindra & Mahindra Financial Services Ltd. with a decrease of 4.78% and 4.73% at the close of the markets. The Auto sector is up 2.91 points at 15,436.87 while the banking sector is down 135.69 points at 17,681.67 and the realty sector is down 66.89 points at 2,189.12. The Indian currency is up 0.15% at Rs 59.29 per dollar. Jun 10, 2014
BSE Sensex

BSE Sensex Upbeat, RBI Loosens Inflation Rhetoric

The BSE Sensex started the day on an upbeat note today at 24,868.72 points at 9.00 am. It recorded quite a few rises during the pre-opening time slot, first reaching a high of 24,917.16 a minute later and touching the 24,931.43 mark at 9.04 am. Jun 4, 2014
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