Kotak Mahindra Bank reports a 25% rise in Q4 net profit to Rs 5,302 crore, but net interest margins fall sharply. Read about the bank's performance and key highlights.

Kotak Mahindra Bank expects limited financial impact from RBI restrictions but prioritizes regaining trust after IT risk management issues. The bank is accelerating tech spending and hiring.

Kotak Mahindra Bank's joint managing director KVS Manian has stepped down with immediate effect, days after the RBI imposed business restrictions on the lender. The departure comes amid reports of...

Kotak Mahindra Bank CEO Ashok Vaswani says the lender is actively working to address concerns raised by the RBI regarding IT compliance and risk management. The bank has temporarily paused new...

Accel partner Prayank Swaroop discusses the need for more Indian AI startups from academia, the capital intensity of building AI models, and the potential for India in the AI-native product space.

Comptroller and Auditor General of India Girish Chandra Murmu will inaugurate the International Centre for Audit of Local Governance (iCAL) in Rajkot on Thursday, aiming to enhance audit capacity...

Alphacorp will invest Rs 350 crore to develop a luxury housing project in Gurugram, with a total of 200 apartments planned across two land parcels. The project, 'Alphacorp SKY1', is located in...

Sebi proposes a new asset class for high-risk investors, offering access to strategies like long-short equity funds and inverse ETFs. Experts believe this will bridge the gap between mutual funds...

Tezpur Airport in Assam will be closed for 1.5 years from October 2024 for runway resurfacing and terminal upgrades. Passenger flights will be suspended, but helicopter services are being considered.

UK inflation held steady at 2% in June, leaving the Bank of England's interest rate decision on a knife edge. Some policymakers remain concerned about rising service prices and wages.

Wheels India's hydraulic cylinder business, following its merger with Sundaram Hydraulics, has grown and become profitable. The company also reported strong export growth and plans for expansion in...

Sanofi Healthcare India Pvt Ltd announces a €400 million investment in its Hyderabad Global Capacity Centre by 2030, expanding its employee base to 2,600.

Comptroller and Auditor General of India Girish Chandra Murmu will inaugurate the International Centre for Audit of Local Governance (iCAL) in Rajkot on Thursday, aiming to enhance audit capacity...

Alphacorp will invest Rs 350 crore to develop a luxury housing project in Gurugram, with a total of 200 apartments planned across two land parcels. The project, 'Alphacorp SKY1', is located in...

Sebi proposes a new asset class for high-risk investors, offering access to strategies like long-short equity funds and inverse ETFs. Experts believe this will bridge the gap between mutual funds...