Uday Kotak has resigned as the managing director and chief executive officer of Kotak Mahindra Bank, the bank said in a stock exchange filing on Saturday.
'They say our mothers lay the early foundation on which we build our dreams and lives. This holds true for me.' Kotak Mahindra Bank CEO Uday Kotak tells us about his mom's wonderful cooking.
Earlier, on behalf of Uday Shankar Srivastava, former director of Border Roads Organisation -- a rank equivalent to that of a colonel in the army -- lawyer Vivek Tiwari had filed a defamation complaint against Gandhi.
Sawant asserted that none of the Shiv Sena-UBT MPs had received any phone calls and condemned the attempts to "spread rumours" about mass desertions from the Thackeray-led party.
'If his health was good he would have become CM again after polls.' 'Those who are with Nitish Babu today will remain with him till the elections to use his name for votes and would definitely play games with him after the polls.'
Crime Beat is engrossing enough to binge-watch, endorses Deepa Gahlot.
The firebrand Gautam Gambhir announced his arrival as India's head coach by successfully ensuring the ascension of Suryakumar Yadav as the new T20 captain in place of Hardik Pandya
A section of Biju Janata Dal (BJD) leaders in Odisha are expressing discontent over the party's decision to support the Waqf (Amendment) Bill. The issue has sparked internal turmoil, with young leaders submitting a memorandum to party president Naveen Patnaik, urging him to address the situation. Patnaik has held meetings with senior leaders, assuring them that necessary action will be taken to mitigate the fallout and maintain the party's secular image.
Growing up in the Mumbai of 1970s, Uday Kotak aspired to be a cricketer and trained under legendary coach Ramakant Aachrekar. However, it was an on-field injury which resulted in a shift to finance. He started off with bill discounting, turned to lending and successfully applied to start a universal bank in the first decade of the millennium, as India was warming up to private play in banking.
Two whole-time directors KVS Manian and Shanti Ekambaram of Kotak Mahindra Bank are in the race for the post of managing director and CEO, the position vacated by Uday Kotak last week. Kotak stepped down as MD and CEO of the bank effective September 1, 2023, four months ahead of his term was to end. The RBI will soon decide on Kotak's replacement as the new MD and CEO of Kotak Mahindra Bank, as the new person has to take charge on or before January 1, 2024.
P V Sindhu married Venkata Dutta Sai in a stunning ceremony at the Raffles Hotel in Udaipur on Sunday night.
'You must be good at using AI as a tool of learning but do not give up your own critical thinking.'
Ahead of the end of his term as the Kotak Mahindra Bank's chief executive and managing director, Uday Kotak has said he will be a "non-executive board governance member and a strategic shareholder" going ahead. In the private sector lender's annual report, the last such message from him as the MD and CEO before he relinquishes the position at the end of 2023, Kotak reminisced about the institution's journey, pointing out that Rs 10,000 invested in 1985 is worth over Rs 300 crore today. "Going forward, I see my role as a non-executive board governance member and a strategic shareholder with a long term perspective of nurturing a world class institution," Kotak said in the annual report.
Shiv Sena-Uddhav Balasaheb Thackeray leader Sanjay Raut on Friday took a dig at Shiv Sena chief and Deputy Chief Minister Eknath Shinde and claimed a rift in the latter's party, saying Maharashtra will have a third deputy chief minister from the fold.
The Devendra Fadnavis-led ministry in Maharashtra has successfully passed a trust vote in the state assembly, securing a commanding majority of 230 seats in the 288-member house. The BJP-Shiv Sena-NCP 'Mahayuti' coalition, with a majority mark of 144, had a comfortable win with the support of smaller parties and independent MLAs. The trust motion was tabled by Shiv Sena MLA Uday Samant and others, and was passed by a voice vote. The 15th legislative assembly began its tenure on December 7, and the floor test was considered a mere formality. Fadnavis was sworn in as the chief minister for the third time on December 5, with Eknath Shinde and Ajit Pawar as deputy chief ministers.
The camaraderie in the dressing room has played a significant role in Indian team's dominant run in the U19 World Cup, skipper Uday Sharan said on Thursday and vowed to bring the trophy back home.
Unlike any other business, banking is a turf where the captain's role is the most critical. Often a bank is defined by the personality of the CEO who runs it. Both HDFC Bank and Kotak Mahindra Bank are the creation of their CEOs, notes Tamal Bandyopadhyay.
Till 3 pm Mumbai and suburbs saw a muted 40 per cent voting, but for those who voted it was an occasion to remember.
'It was not our intention to hurt anyone's sentiments.'
Maharashtra Deputy Chief Minister Eknath Shinde, amid reports of growing discord with Chief Minister Devendra Fadnavis, has issued a warning, stating, "Don't take me lightly." Shinde's remarks come amidst a series of events suggesting tensions between the two leaders, including the appointment of guardian ministers for Raigad and Nashik, the establishment of separate project monitoring cells, and Shinde's absence from several meetings convened by Fadnavis. The recent downgrading of police security for 20 Shiv Sena MLAs further fuels speculation of a growing rift. While both leaders have denied any discord, the events suggest a power struggle within the ruling alliance.
Maharashtra Minister Uday Samant on Friday claimed that many leaders from the opposition Shiv Sena-UBT were in touch with his party and would be inducted in phases.
Shinde told us he wanted to build the organisation but honoured our request
Devendra Fadnavis, the Chief Minister of Maharashtra, inducted 39 ministers into his cabinet on Sunday. The new cabinet includes members from the BJP, Shiv Sena, and NCP, reflecting the coalition government formed after the recent state elections.
Samajwadi Party MLA Abu Asim Azmi's remarks praising Mughal emperor Aurangzeb sparked outrage in the Maharashtra legislature, leading to calls for his suspension and accusations of treason. The issue, which was politicized by both the ruling coalition and opposition parties, led to the adjournment of both Houses of the state legislature. Azmi later retracted his statements, saying they were twisted and that he had not made any derogatory remarks against Shivaji Maharaj or Sambhaji Maharaj. The BJP, however, seized the opportunity to slam the Congress and other opposition parties, accusing them of trying to "eradicate" Sanatan Dharma. The Mumbai police have initiated a probe into the matter, registering a case against Azmi for his remarks.
The Maharashtra Assembly elections witnessed the continued influence of political dynasties, with prominent families retaining their strongholds across the state. The Thackareys and the Ranes emerged as dominant forces, securing victories in various regions. The Rane brothers, Nilesh and Nitesh, won in Sindhudurg, while Uday and Kiran Samant secured victories in Ratnagiri. In Mumbai, Aaditya Thackeray retained his Worli seat, while his cousin Varun Sardesai won in Vandre East. The results underscore the enduring power of family connections in Indian politics.
From disagreement over guardian minister's post to taking separate review meetings to separate medical cells and 'war rooms' for monitoring projects, the unease between Maharashtra Chief Minister Devendra Fadnavis and his deputy Eknath Shinde seems to be growing.
With this, the Shiv Sena has become the second major political party to release its list of candidates for the state assembly polls. Its ally BJP released a list of 99 candidates on Sunday.
Chhaava deserves 2 stars for the historically half-baked film that it is, but 4 stars just for its attempt on making a film on Sambhaji, observes Prasanna D Zore.
Loud music, bombastic action scenes, over-the-top dialogues that don't have any ring of truth to it followed by scenes of blood-oozing bodies floating in a river definitely don't make for a magnum opus!' exclaims Prasanna D Zore after watching the Chhaava trailer.
Pankaja Munde of the BJP -- Dhananjay Munde's cousin -- has been made the guardian minister of Jalna district.
Amid escalating tensions at the Uday Pratap College in Varanasi over a mosque located on its premises, police on Thursday restricted outsiders' entry to the campus, allowing only students with valid identity cards.
"We have no problem if the students here offer namaaz or worship in the mosque or temple on the college premises. But we do not accept that outsiders are gathering here in the name of offering namaz on the college premises," he said.
Reliance Industries Limited (RIL), Viacom18 Media (Viacom18), and The Walt Disney Company announced on Thursday that they have completed the merger of Viacom18's media and JioCinema businesses into Star India (SIPL), creating a mega joint venture valued at Rs 70,352 crore. The new entity will be guided by three chief executive officers (CEOs), "who will lead the company into a new era of ambition and disruption", according to a joint statement. Kevin Vaz will lead the entertainment division across all platforms, Kiran Mani will head the combined digital division, and Sanjog Gupta will oversee the sports operations.
A day after the RBI raised the benchmark lending rate by 35 basis points, Kotak Mahindra Bank Managing Director Uday Kotak on Thursday said the central bank may go for one more rate hike to bring inflation below its upper tolerance level of 6 per cent. Yesterday, the RBI indicated that it wants inflation to be within the band first and then move towards the target of 4 per cent, Kotak said at the CII Global Economic Policy Summit 2022. "My sense is that there could be one more rate hike and that may be the time for thinking about a pivot, but we got to watch very closely the data, and maybe around 6.5 per cent as it looks today, subject to what happens to the world, subject to what happens to oil, subject to what happens to many other things," he said.
'We have to be prepared for the larger disruption that is likely to take place.'
Shiv Sena's Dadaji Bhuse is the new school education minister while Uday Samant continues to be the industries minister.
'More than Eknath Shinde's wish, we want him (Shinde) to lead us in the government.'
Billionaire Mukesh Ambani-led Reliance Industries has completed the merger of its media assets with the India business of global media house Walt Disney and formed a joint venture with a valuation of over Rs 70,000 crore. The JV will be one of the largest media and entertainment companies in India with a combined revenue of approximately Rs 26,000 crore and will be led by Nita Ambani as its chairperson, according to a joint statement.
Shinde was reportedly not happy as he had to cede the top post to the ally BJP, and was reluctant to take the deputy CM post.
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