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14 December, 2018 11:37 AM Understanding the Kotak-RBI battle – Letter, spirit, rules and a court petition

We examine the complications and implications – essentially the answer to the question: What is this Kotak’s Natak? Kotak Bank which was built by Uday Kotak was asked by RBI to pare down its promoter stake way back in 2012. THis is normal, as part of RBI norms, to “broadbase� the shareholding and to restrict individuals from holding large stakes 77

14 December, 2018 9:30 AM Ducati India Enters Pre-Owned Bike Segment With 'Ducati Approved' Program

Ducati India has announced that it will enter pre-owned motorcycle segment in India through the 'Ducati Approved' program. Under Ducati Approved, the company will officially enter the used premium motorcycle market and sell used Ducati motorcycles, thereby increasing the customer base by offering motorcycles which are less than 5 years old and mileage 36

13 December, 2018 7:01 AM Govt working on four-pronged strategy to revive Air India: Report

The four elements of the strategy are – financial package, organizational and governance reforms, refresh strategy and strengthen workforce. The government is working on a four-pronged strategy to revive Air India after a failed attempt to sell off a 76 percent stake in the national carrier, reports The Economic Times. The strategy involves providing 39

11 December, 2018 5:46 AM Rate-sensitive stocks trade lower on Urjit Patel's resignation; HDFC Bank, Oberoi Realty fall 2-3%

Interest rate-sensitive stocks are trading in the red with Nifty Bank, Nifty Auto and Nifty Realty down up to 1 percent each after the sudden announcement of resignation of Reserve Bank of India Governor Urjit Patel. Bank Nifty was down over 1 percent with losses from HDFC Bank and ICICI Bank which shed 2 percent each while IndusInd Bank and Kotak Mahindra 56

10 December, 2018 6:17 AM Japan's SoftBank prices IPO, to raise $23.5 billion with overallotment

SoftBank Corp priced its initial public offering (IPO) at 1,500 yen per share and will sell an additional 160 million shares to meet strong demand, a regulatory filing showed, raising 2.65 trillion yen ($23.5 billion) in Japan's biggest-ever IPO. That makes the IPO one of the largest of all time globally, just shy of the record $25 billion that Chinese 64

6 December, 2018 4:08 AM REC gains 1% as cabinet will consider proposal to sell its stake in co to PFC

Shares of REC gained 1 percent, while PFC shed 3 percent in the early trade on Thursday as government is going to consider the proposal to sell its stake in REC to PFC. At the current market price of Rs 105.10 a share, sale of 52.63 per cent government holding in REC will fetch around Rs 11,000 crore. Deutsche Bank has maintained buy call on REC with target 53

4 December, 2018 8:04 AM RCom unit furnishes Rs 1,400 cr corporate guarantee to Telecom Department

New Delhi: Reliance Communications Monday said its subsidiary Reliance Realty has furnished corporate guarantee of Rs 1,400 crore to Telecom Department as directed by the Supreme Court, stepping closer towards concluding its spectrum sale to Reliance Jio. The Supreme Court on November 30, had asked the Department of Telecom (DoT) to give a no-objection 93

3 December, 2018 4:57 AM Ashok Leyland November sales fall 9% to 13,121 units

Ashok Leyland's light commercial vehicle segment sales increased 15 percent to 4,403 units in November 2018 YoY. Country's second largest commercial vehicle maker Ashok Leyland sold 13,121 units in November 2018, lower by 9 percent compared to 14,457 units sold in same month last year. Sales were below analysts' expectations. Japanese brokerage firm Nomura 45

29 November, 2018 3:46 PM Lodha may raise Rs 700 cr from Canadian fund CDPQ for township project Palava City

Realty major Lodha Developers is likely to raise Rs 700 crore from Canadian pension fund CDPQ for the development of its ongoing 4,500-acre integrated township 'Palava City' near Mumbai, according to sources. The talks are in advance stages and the deal is likely to be concluded soon, they added. Mumbai-based Lodha Developers, which aims to launch an over Rs 5,000 crore 62

29 November, 2018 2:04 PM RBI relaxes asset securitisation norms for NBFCs

The Reserve Bank of India (RBI) on November 29 relaxed rules for non-banking financial companies (NBFCs) to sell or securitise their loan books, in a bid to ease persistent stress in the sector. NBFCs can now securitise loans of more than five-year maturity after holding those for six months on their books, the Reserve Bank of India said. Earlier, they had to hold these 42