Kotak Mahindra Bank is poised to take a major leap by acquiring Deutsche Bank’s retail operations in India for around Rs 4,500 crore. This deal promises to strengthen Kotak’s retail lending capabilities and broaden its base of deposits. Meanwhile, Deutsche Bank’s exit reflects a larger strategy to streamline its operations worldwide.Read More
Gold is poised for its largest weekly loss since 1983, driven by rising energy prices and diminished expectations for interest-rate cuts. The precious metal’s decline accelerated as the dollar and bond yields rallied amid concerns of escalating conflict in West Asia and potential inflation.Read More
Geopolitical tensions and US President Donald Trump’s stance on the Strait of Hormuz are creating market nervousness. Analysts predict Nifty will remain volatile this week. Key support is seen around 22,900, with a risk of decline to 22,500 if tensions escalate. Upside is expected to be capped between 23,400 and 24,200. Experts offer trading strategies and stock recommendations.Read More
Markets ended marginally higher after a volatile session, with analysts advising caution. Several companies like Vedanta, Tata Motors PV, and Dr. Reddy’s are in focus due to significant news. Vedanta challenged Adani’s bid for Jaiprakash Associates, while Tata Motors PV announced price hikes for its vehicles.Read More
We will convene multiple board meetings over the next month to get the views of all directors on decisions taken over time. We will re-examine them, evaluate the action points and see where we need to improve. This issue was not of our making; it was thrust upon us. We will take stock of past matters and address all issues-existing or new-without hiding anything, says...Read More
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