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More Indian asset managers shift overseas business to GIFT City

Finance

09 February, 2024

More Indian asset managers shift overseas business to GIFT City

Several Indian asset managers said they are moving, or planning to move, some offshore fund business from financial centres such ......

Zurich Insurance to buy 51% in Kotak General Insurance for $487 mn

Finance

02 November, 2023

Zurich Insurance to buy 51% in Kotak General Insurance for $487 mn

Zurich Insurance Company has agreed to acquire a 51% stake in Kotak General Insurance Company Ltd for Rs 4,051 crore ......

Kotak Mahindra Bank gets RBI nod to appoint interim MD, CEO

Finance

08 September, 2023

Kotak Mahindra Bank gets RBI nod to appoint interim MD, CEO

India's Kotak Mahindra Bank said on Friday that the Reserve Bank of India has approved the appointment of Dipak Gupta ......

India corporate bond issuance on track to hit record highs this fiscal year

Finance

08 August, 2023

India corporate bond issuance on track to hit record highs this fiscal year

Indian corporates could raise record funds through bond issuances this year as they take advantage of attractive interest rates, four ......

Chubb gains edge over Zurich in race for 49% of Kotak General Insurance

Finance

25 July, 2023

Chubb gains edge over Zurich in race for 49% of Kotak General Insurance

U.S. insurer Chubb is in talks to acquire a 49% stake in India's Kotak General Insurance and has become a ......

Asia's private credit markets thrive as desperate borrowers find lenders

Finance

21 July, 2023

Asia's private credit markets thrive as desperate borrowers find lenders

When global commercial real estate services firm JLL found public debt and loan markets were averse to funding a property ......

Private credit funds boom in Asia as startups stare at down rounds

Finance

30 June, 2023

Private credit funds boom in Asia as startups stare at down rounds

From India to Singapore, Asia is seeing a boom in private credit funds looking to tap into demand mainly from ......

Premium
How was CPPIB's second partial exit from Kotak Mahindra Bank?

Finance

09 June, 2023

How was CPPIB's second partial exit from Kotak Mahindra Bank?

Canada Pension Plan Investment Board (CPPIB) has sold part of its stake in Kotak Mahindra Bank for the second time, as ......

RBI may cut repo rate by end of fiscal: Kotak Mahindra

Economy

26 May, 2023

RBI may cut repo rate by end of fiscal: Kotak Mahindra

The Reserve Bank of India (RBI) may cut interest rates only towards the end of the financial year despite a ......

RBI evaluates Fairfax-backed bank, other potential bidders for IDBI Bank

Finance

13 April, 2023

RBI evaluates Fairfax-backed bank, other potential bidders for IDBI Bank

The Reserve Bank of India (RBI) has begun evaluating at least five potential bidders interested in picking up a majority ......