Why is Uday Kotak being singled out for his bank's success?

'I find the RBI edict to the Kotak Mahindra Bank to reduce Uday Kotak's shareholding very unreasonable,' says Sudhir Bisht. IMAGE: Uday Kotak, non-executive chairman, Infrastructure Leasing and......

SBI's merger plan may lead to a banking meltdown

'SBI is already too big. Too big to fail.''It already is a moral hazard. What will it do with 20,000 branches that it cannot do with 14,000, especially in these days of online and mobile banking?'......

Sensex ends 214 points higher amid volatility; IT, FMCG gain

The 30-share Sensex ended up 214 points at 27,890 and the 50-share Nifty closed up 52 points at 8,430. Benchmark indices snapped five-day losing streak, amid a volatile trading session, led by......

'Budget is growth-oriented, part populist & investment friendly'

Finance Minister Arun Jaitley on Saturday announced a budget aimed at high growth, saying the pace of cutting the fiscal deficit would slow as he seeks to boost investment and ensure that ordinary......