Thu, Oct 5, 2023 3:58 PM
Indian Overseas Bank saw its market capitalization nearly double
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US-based private markets firm HarbourVest, a backer of Indian private equity funds ChrysCapital and Kedaara Capital, is scaling its funds and direct investments in India, according to a top official.“In India, we've been on a deployment ramp over the past 10 years. If we look at the capital that we deploy annually, the proportion that's going to India has been on an uptrend," said Kelvin Yap.
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Spencer Platt/Getty ImagesAmazon reported first-quarter earnings on Tuesday.The company beat estimates for net sales and earnings per share.Shares rose as much as 3% in after hours trading.Amazon reported first-quarter earnings on Wednesday after the closing bell.The company handily exceeded estimates for net sales and earnings per share, including a beat for the closely watched Amazon Web Service
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A week after stringent action from the Reserve Bank of India (RBI) on new credit card issuances, there is yet another negative surprise for Kotak Mahindra Bank as Joint Managing Director KVS Manian tendered his resignation with immediate effect. He got elevated at the Mumbai-headquartered lender two months ago.
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