Search Results for: Kotak Securities

India plans to raise $2.18 billion by cutting stakes in 18 firms to 75% - Report

The government is planning to sell 10% each in state-owned reinsurers General Insurance Corporation of India (GIC) and New India Assurance (NIA) which will bring its holding down to 75 percent in the two giant companies.

Jul 9, 2019

Union Budget 2019: What spooked the market despite Sitharaman's reform refrain?

Benchmark indices slumped as Finance Minister Nirmala Sitharaman's speech progressed after a brief surge ahead of the presentation.

Jul 5, 2019

PNB fraud case: Nirav Modi to appear for hearing via videolink from UK jail

The hearing will be his first appearance after his bail application was rejected for the fourth time by the Royal Courts of Justice in London on June 12.

Jun 27, 2019

Is BSNL divestment near as PM Modi denies aid for paying salary to 1.76 lakh staff?

State-owned telecom player BSNL's request for operational funds including Rs 850-crore for salary payments has been met with silence from the government while the public-sector company grapples with Rs 13,000-crore liabilities

Jun 25, 2019

RBI to raise cap for easy loans under Mudra to Rs 20 lakh; will it increase bad debt?

The Pradhan Mantri Mudra Yojana (PPMY) was launched by Prime Minister Narendra Modi with an aim to provide easy loans to non-corporate, non-farm small and micro-enterprises.

Jun 19, 2019

Will Etihad buy Jet cheap under insolvency process leaving lenders high and dry?

Now that SBI-led lenders' consortium has decided to start bankruptcy proceedings against Jet Airways, UAE national carrier Etihad with 12% stake has a chance to drive a hard bargain.

Jun 18, 2019

Here's what India Inc thinks about the retaliatory tariff on 29 US goods

India will be implementing duties as high as 70 per cent on perishable items like almonds and apples as a response to Washington's denial to exempt Delhi from the taxes on steel and aluminium imports.

Jun 16, 2019

IMA scam: Investors approach Karnataka HC seeking to seize owner's assets

IMA kingpin Mohammed Mansoor Khan had allegedly made several foreign investments flouting the Foreign Exchange Management Act (FEMA), 1999.

Jun 13, 2019

Nirav Modi scam: UK court to deliver verdict today

Nirav Modi was arrested in March by Scotland Yard officers in London and face extradition charges as the "principal beneficiary" behind the Rs 13,000 crore Punjab National Bank fraud case.

Jun 12, 2019

Suppliers' bankruptcy petitions may prove the last nail in Jet Airways coffin

The fate of Jet Airways lenders rescue plan in the balance as several suppliers and operational creditors head to National Company Law Tribunal to initiate proceedings under Insolvency and Bankruptcy Code.

Jun 10, 2019

Risk aversion of mutual funds key reason for NBFC liquidity crunch, defaults

Ballooning IL&FS and DHFL crises drove mutual funds to reduce exposure to NBFCs in a big way since September sapping liquidity from shadow banks.

Jun 10, 2019

A week for stock specific action while market searches for new direction

Indices are back on even keel after exit poll results triggered a choppy ride to hit record highs twice; market may remain rangebound as no new data expected.

Jun 9, 2019

Mark Zukerberg announces Facebook Dating

Facebook may unveil its cryptocurrency on June 18; Bitcoin fans unfazed

Facebook plans to make the cryptocurrency transferrable with zero fees via Facebook products including Messenger and WhatsApp.

Jun 8, 2019

DHFL default is threatening to draw in mutual fund industry as 160 MFs have exposure to DHFL papers

DHFL default threatens to snowball into big crisis engulfing NBFCs, mutual funds

Public confidence in mutual funds take a beating and inflows taper with imminent payouts facing uncertainty; NBFCs face soaring finance costs triggering liquidity crunch.

Jun 7, 2019

Another wave of NBFC meltdown worries grips markets after DHFL rating downgrade

NAVs plummet up to 57% for mutual funds with substantial exposure to DHFL paper that rating agencies downgraded to 'default'; exposure of some funds may have exceeded the Sebi-mandated 10%.

Jun 6, 2019

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