Kotak Mahindra Bank
Sunanda K. Datta-Ray | The other side of life in the 5th largest economy
India has 1.4 billion people against the UK’s 68 million. Even a low per capita income adds up to an impressive total
6 of top 10 firms add Rs 1.6 lakh crore in m-cap; ICICI, Kotak Bank top gainers
The market valuation of ICICI Bank jumped by Rs 26,620.32 crore to Rs 2,82,550.05 crore, becoming the biggest gainer
Six of 10 top valued firms lose Rs 78,275 crore in m-cap, Reliance, TCS top losers
RIL's valuation plunged by Rs 20,666.46 crore to Rs 13,40,213.50 crore, taking the biggest drop among the 10 most valued firms
Top-10 firms add Rs 1.37 lakh cr in m-cap; TCS, RIL major gainers
Reliance Industries Limited added Rs 28,464.11 crore to take its market valuation to Rs 11,33,168.55 crore
Kotak Mahindra Bank Q4 profit down 4% due to Covid19 related provisions
During the quarter, standalone profit also came down by 10% to Rs 1,267 crore as compared to Rs 1,408 crore in the same period a year ago
Kotak Mahindra Bank announces 10% pay cut for staff earning above Rs 25 lakh
The move comes weeks after the top management voluntarily surrendered 15 per cent of their payments for 2020-21
Top 10 firms add over Rs 4 lakh crore to m-cap; RIL and HDFC Bank lead
The market capitalisation of Reliance Industries Limited zoomed Rs 89,383.67 crore to Rs 7,72,883.49 crore, the most among the top-10 firms
Seven of top 10 companies lose Rs 2.82 lakh cr in m-cap
Tata Consultancy Services, HDFC Bank and Kotak Mahindra Bank taking the biggest hit
Kotak Bank and RBI smoke peace pipe
As on date, the shareholding of promoter Uday Kotak, who is also the MD & CEO of Kotak Bank, and the promoter group, istands at 29.96 per cent.
Weak earnings pull down stocks
Over the weekend, index heavyweights like, RIL, HDFC Bank and TCS posted their quarterly numbers, which seem to have disappointed the street.