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...After leading Kotak Mahindra Bank for 38 years, he stepped down as chief executive last month to comply with a 15-year regulatory term limit....
...Alongside local EV makers including Tata Motors and Mahindra, Vietnam’s VinFast plans to build a $2bn plant in Tamil Nadu....
...In 2017, Kotak Mahindra launched its digital banking service called 881, which now accounts for about 95 per cent of its personal loans by volume....
...“Nobody knew who Kotak was in those days,” said Mahindra. They rechristened the business Kotak Mahindra Finance. Kotak used international partnerships to expand his nascent institution....
...India’s Nifty 50 dropped 0.8 per cent with Tech Mahindra leading losses after announcing weaker than forecast net income last quarter....
...Information technology companies Wipro, HCL Technologies, Tech Mahindra and Infosys were among the top performers early on Monday....
...Tata Motors is the top-selling EV brand in India’s small market for battery-powered vehicles, followed by Chinese-owned MG Motor and Indian brand Mahindra....
...“Hopefully rating agencies will respect investors’ viewpoint,” said Nilesh Shah, managing director at mutual fund Kotak Mahindra AMC....
...The results from HDFC Bank kick off earnings for the country’s lenders, with ICICI Bank and Kotak Mahindra Bank to follow....
...Analysts say increasing exports is crucial for global carmakers that have been overshadowed by local rivals such as Maruti Suzuki, Tata Motors and the Mahindra Group....
...The Tech Mahindra League has an ambitious and lofty aim, to popularise chess to a much wider audience, especially in India, whose fast rising teenage talents already have a wide public following....
...The Tech Mahindra Global League (GCL) has six grandmaster teams, chosen by franchise auction, competing in Dubai from June 21 to July 2....
...Kotak Mahindra Bank’s billionaire founder and chief Uday Kotak has resigned four months before his term was due to end....
...“The nature of opportunities now is going to be more M&A, growth-oriented financing,” said Srini Sriniwasan, managing director of Kotak Investment Advisors, an arm of Kotak Mahindra Bank that manages $8.8bn...
...It has raised Rs1.8bn ($22mn) from a series of investors including the government-run State Bank of India and private lenders such as Kotak Mahindra Bank....
...Tech Mahindra, another outsourcer, is down 41 per cent. Last month, Infosys surprised analysts by reporting quarterly revenues up 17.5 per cent year on year to $4.4bn, ahead of estimates....
...Suggested reads Export controls hit China’s access to Arm’s leading-edge chip designs (FT) Data curbs from Vietnam to Indonesia to hit trade by up to 9%: study (Nikkei Asia) India’s Mahindra plans $1.2bn...
..., Wilson said rivals such as Nokia and Ericsson could provide the hardware needed to support 5G-based smart city technology while large telecoms and technology companies including BT, Vodafone and Tech Mahindra...
...G7 and other governments “can work with the private sector to help accelerate our progress, we can do this,” said the letter, whose signatories included the leaders of BP, EY, PwC, State Street and the Mahindra...
...Highest among these is Bangalore-based Mindtree, which is followed by others such as Mumbai’s Tata Consultancy Services and Tech Mahindra in Pune....
...Billionaire industrialist Anand Mahindra has called for India’s vaccine roll-out to accelerate to prevent new waves of coronavirus from crippling the country....
...“From a geopolitical point of view, independence from oil has become incredibly important,” Anand Mahindra, chair of the Mahindra conglomerate, told me....
...Ramon Laguarta, chief executive of soft-drinks group PepsiCo; Anand Mahindra, head of one of India’s largest industrial groups, Mahindra & Mahindra; and Ignacio Galan, chief executive of Iberdrola, are among...
...“China on one side and Pakistan on the other, both nuclear enabled,” Uday Kotak, managing director of Kotak Mahindra Bank and one of India’s richest men, said in a tweet....
...For further context, a week ago Grover announced he was taking a voluntary leave of absence to the end of March, following an audio leak of a phone call in which he allegedly abused an employee at Kotak Mahindra...
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