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kotak mahindra bank

Exide’s lithium-ion cell project secures Rs 2,000 crore line of credit from banks

by Adesola Mojo
Exide’s lithium-ion cell project secures Rs 2,000 crore line of credit from banks

Exide Industries Ltd’s Rs 6,000 crore lithium-ion cell manufacturing project has secured a line of credit of Rs 2,000 crore from banks. Exide’s wholly owned subsidiary, Exide Energy Solutions Limited, …

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Categories Automobile

Openai: OpenAI shares 4 ways teachers can use ChatGPT in their classrooms

by Ev Richard
Openai: OpenAI shares 4 ways teachers can use ChatGPT in their classrooms

Microsoft-owned ChatGPT-maker OpenAI has shared a guide for teachers using its AI chatbot ChatGPT. The aim of the FAQ is said to be to assist teachers in effectively incorporating the …

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Categories Technology

Vedanta leads with Rs 10,710 crore in block deals this week

by Craig Fedirighi
Vedanta leads with Rs 10,710 crore in block deals this week

The week gone by saw Nifty50 settling 0.66% lower over the previous week. Yet it was not without action as prominent bulk, block and insider deals worth Rs 10,710 crore …

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Categories Business

Sources say that the Reserve Bank of India (RBI) is reviewing the succession of banking tycoon Uday Kotak.

by Craig Fedirighi
Sources say that the Reserve Bank of India (RBI) is reviewing the succession of banking tycoon Uday Kotak.

MUMBAI: India’s banking regulator is urging Kotak Mahindra Bank Ltd. to choose an external candidate as the next Chief Executive Officer to succeed billionaire founder Uday Kotak, according to sources …

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Categories Business

Maruti Suzuki and L&T to Go Ex-Dividend, Piramal Pharma’s Right Issue: Corporate Actions This Week by Maruti Suzuki

by Craig Fedirighi
Maruti Suzuki and L&T to Go Ex-Dividend, Piramal Pharma’s Right Issue: Corporate Actions This Week by Maruti Suzuki

There are a host of corporate actions scheduled for this week. L&T, Crisil, Coforge, Maruti Suzuki and Kotak Mahindra Bank will trade ex-dividend, while Piramal Pharma’s rights issue’s ex-date is …

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Categories Business

Kotak Bank’s Shares Fall 3.8% on Succession and Valuation Worries

by Craig Fedirighi
Kotak Bank’s Shares Fall 3.8% on Succession and Valuation Worries

Mumbai: Shares of Kotak Mahindra Bank dropped 3.8% on Monday despite June quarter results exceeding expectations. Most analysts marginally raised or retained their price targets on the stock after the …

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Categories Business

Nifty50: 10 Key Factors Shaping Tuesday’s D-Street Activity

by Craig Fedirighi
Nifty50: 10 Key Factors Shaping Tuesday’s D-Street Activity

Indian equities ended on a weak note in a volatile trade for the second trading session in a row on Monday. The sharp decline in heavyweights including RIL, ITC, and …

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Categories Business

Top Bulk & Block Deals This Week: Amara Raja Emerges as Leader with Rs 10,900 Crore Transactions

by Craig Fedirighi
Top Bulk & Block Deals This Week: Amara Raja Emerges as Leader with Rs 10,900 Crore Transactions

The week gone by saw a bunch of prominent block and bulk deals in nearly two dozen companies. The total deal value stood at Rs 10,926 crore with a lion’s …

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Categories Business

Kotak Mahindra Bank Q1 Preview: Projected 65% Increase in PAT, However NIMs Expected to Decline

by Craig Fedirighi
Kotak Mahindra Bank Q1 Preview: Projected 65% Increase in PAT, However NIMs Expected to Decline

MUMBAI – Healthy loan growth is expected to contribute to Kotak Mahindra Bank’s high double-digit growth in net profit for the quarter ended June. However, net interest margins are anticipated …

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Categories Business

State Bank of India (SBI) Projected to Raise Up to Rs 10,000 crore through Infrastructure Bonds

by Craig Fedirighi
State Bank of India (SBI) Projected to Raise Up to Rs 10,000 crore through Infrastructure Bonds

Mumbai: State Bank of India, the country’s largest lender, is likely to carry out a sale of infrastructure bonds worth up to ₹10,000 crore around the end of this month, …

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Categories Business
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