UDAY MERCHANT
Wagons Learning pulls the plug on IPO amid muted investor interest
Wagons Learning has withdrawn its Rs 38.38 crore SME IPO due to poor investor response, achieving only 8% subscription. Weak retail and institutional interest, coupled with red flags in statutory compliance and content rights, impacted sentiment. The IPO was slated to list on the BSE SME platform on May 9.
Regulators need not be too conservative, should respond fast to 'accidents' in financial sector: Uday Kotak
Uday Kotak, Founder Director of Kotak Mahindra Bank, advocates for regulators to respond swiftly to financial sector "accidents" rather than being overly conservative. Speaking at an AIMA event, he emphasizes the need for good regulations to facilitate growth, acknowledging that some accidents may occur but highlighting the importance of prompt correction.
Two senior executives quit BharatPe
BharatPe has been looking for a CFO and earlier appointed an Alvarez & Marsal (A&M) executive as interim CFO.
Udayan Bose: The affable deal maker of the ‘90s
Known for his networking skills and relationships with some of the biggest names of Corporate India, Bose led the Indian arm of Lazard, the international financial services house.
SFIO arrests Rotomac promoter, two others
day Desai, who had not appeared before the agency citing the Covid-19 outbreak, was arrested late Wednesday night from Mumbai, people in the know said.
CBI books Frost International, its directors in Rs 3,600 crore fraud
The bank has alleged that the company’s promoters/directors had worked in the guise of undertaking merchant trade without having any genuine business transactions and defaulted in meeting its payment obligation towards a consortium of 14 lending banks led by Bank of India.
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Sebi to discuss stricter norms for fiduciaries
The proposal is likely to be taken up at Sebi’s board meeting next week, the official said.
Minhaz Merchant’s book on AM Naik is more than a biography, it is also a meeting of minds
The nationalism of Naik, says Merchant, is one of economic development of the nation coupled with a strong stress on national security.
Some amount of levy could be given to large cos to allow slightly faster credit: Uday Pimprikar
In the longer run, everybody is convinced that it is the way to go and the intent is clearly there but will it happen in a jiffy?
You can shop online now, and pay later
Startups like Simpl and ePaylater offer customers a one click checkout option so you can complete the purchase in one click and get time upto 14 days to make payment.
Famy Care founder JP Taparia buys duplex apartment in Bandra-Kurla Complex for Rs 60 crore
This is the highest amount paid for an apartment in the BKC vicinity on the basis of per sq ft of about Rs 55,000.
JSW Energy eyes Rs 5,000 crore acquisitions; Q1 net rises 19 per cent
Its net profit after taxes, minority interest and share of profit of associate stood at Rs 308.85 crore in the year-ago period, JSW Energy said in a filing to BSE.
Food writer Rashmi Uday Singh conferred with French honour
Singh was recently conferred the Knight of the Order of Arts and Letters by the French government.
NTPC powers ahead on its low risk model, high RoE
NTPC does not sell any power in the merchant market. Under the existing agreement, NTPC has a tripartite agreement with state electricity boards.
Bihar polls: BJP makes early gains against the grand alliance of JD(U)-RJD-Congress-NCP
BJP’s publicity vans, touring the state to spread PM’s call for change, the activists appear to have caught the ruling JD (U)s grand alliance underprepared.
Uday Kotak: Translating vision into achievement
Kotak realised early on that the 6-10 percentage point differential between PSU bank deposit and lending rates provided enough opportunities to make money hand over fist.
IFC invests $27.5 million in guar gum firm Lucid Colloids
The investment will support Lucid in expanding capacity by setting up a new guar gum plant in Gujarat, two guar splitting plants in Rajasthan.
'China aggressively expanding to catch up with West'
"China needs huge amounts of energy to fuel the country's infrastructure development. So they are on the lookout for energy," said Dr Tong Lam.
Corporate bigshots like Adi Godrej, Deepak Parekh and Uday Kotak back Milind Deora's candidature in South Mumbai
Some of the top business leaders have supported Union Minister of State for Telecom, Milind Deora, seeking a 3rd term from Mumbai South constituency.
Weak rupee indication of falling competitiveness, says Uday Kotak
Uday Kotak today said efforts should be made to increase productivity rather than only relying on short-term measures.
Rs 8 fee to manage Rs 8,000 crore issue
Global investment banking major Goldman Sachs' proposed fee for managing the second round of divestment in Power Grid Corp adds up to Rs 8!
Kotak bets big on M&A deals, ties up with Russian i-bank
Kotak Mahindra today entered into a pact with Russian investment bank, Renaissance capital, to advise cross-border transactions.
No-load move on fin schemes kicks up storm
Do you depend on your neighbourhood financial advisor for all your investment needs? If so, there is some bad news for you.
Satyam case a collective failure of 3rd parties: Uday Kotak
The onus lies on third parties such as independent directors, auditors and lawyers rather than the promoters or the management, says Uday Kotak.
Satyam case puts third parties' role under scanner: Uday Kotak
Satyam's Rs 7,000 crore plus accounting scam has raised the issue of liabilities of various parties, said Kotak Mahindra Bank MD Uday Kotak in the capital on Friday.
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