Search Results for: Kotak Securities

After $13 billion levy ruling, future of India's tattered telecom sector hinges on government aid

Vodafone Idea Ltd, India's biggest carrier by user numbers, is widely regarded as most on the ropes, with parent Vodafone Group calling the situation "critical" after the unit was saddled with about $3.9 billion in fresh payments due.

Nov 28, 2019

What growth woes? Sensex hits life-time high of 40,846, Nifty above 12,050

India is scheduled to release its Q2 GDP figures later this week which is widely expected to be below 5 per cent.

Nov 25, 2019

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Karvy stock broking scam: Here's all you need to know about Rs 2,000 crore fraud

An investigation by National Stock Exchange (NSE) showed that between April 2016 and October 2019, Karvy had transferred a net amount Rs 1,096 crores to its group firm Karvy Realty.

Nov 24, 2019

What does future hold for DHFL after RBI supersedes board?

Adversely affected by country's non-banking financial corporation (NBFC) crisis, the DHFL's debt has significantly ballooned to Rs 88,000 crore.

Nov 22, 2019

Sensex hits life-time high of 40,816, Nifty tops 12K; Reliance, PSU energy stocks gain

The NSE Nifty 50 index rose 0.6% to 12,014, while the S&P BSE Sensex gained 0.4% to 40,638.7.

Nov 20, 2019

PMC fraud: RBI affidavit details how it was 'cheated' by scam-hit Bank

The affidavit states that PMC Bank had submitted fraudulently manipulated data to the central bank for sample checks.

Nov 20, 2019

India's October retail inflation breaches RBI's medium-term target

Retail food prices, which make up nearly half of India's inflation basket, increased 7.89% in October from a year earlier, against 5.11% in September.

Nov 14, 2019

India's GDP growth likely to slip to 4% in Fiscal 2020: Report

As industrial production contracted stood at just 4.3 percent in September, it is the sector's worst performance since October 2011.

Nov 13, 2019

Alibaba plans to raise $20 billion in a blockbuster Hong Kong listing

Alibaba Singles' Day sales jump 25% in first 9 hours to $23 billion

Alibaba netted online sales worth $30 billion across its platforms on Singles' Day last year, dwarfing Cyber Monday's $7.9 billion.

Nov 11, 2019

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Market outlook: Liquidity flows, healthy Q2 expected to push equities higher

Next week, companies like Adani Ports, Coal India, Hindalco, India Cements and Vodafone Idea amongst others are expected to announce their quarterly results.

Nov 10, 2019

Market today: Sensex scales fresh record to reach 40,500; Nifty inches closer to 12,000

The surge was led by gains in Infosys, Kotak Mahindra Bank, ICICI Bank, IndusInd Bank, Larsen & Toubro, Sun Pharma and HDFC Bank.

Nov 6, 2019

McDonald's ousts CEO over consensual relationship with employee

The board found that Easterbrook, 52, who had led McDonald's since 2015, had "demonstrated poor judgement" involving the relationship, McDonald's said in a news release.

Nov 4, 2019

Infosys says no prima facie evidence found on whistleblower complaints

In a letter to the National Stock Exchange dated November 2, the company said the anonymous complaints were still under investigation.

Nov 4, 2019

Sensex hits record high, surpasses 40,260, Nifty tops 11,900

Indian shares have seen steady gains in the last few sessions buoyed by positive global cues.

Oct 31, 2019

Backlash over Reliance Jio's decision to charge voice calls

Will SC order on gross revenue unduly benefit Mukesh Ambani's Reliance Jio?

The SC order upholding govt's calculation of the adjusted gross revenue will mostly affect top telco Vodafone Idea and third-placed Bharti Airtel; Reliance Jio being a relatively new firm owes minuscule part of the total dues of Rs 93,000 crore.

Oct 26, 2019

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