Thu, Jul 22, 2021 2:27 PM
RIL welcomes Saudi Aramco's Yasir Al Rumayyan in their board
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Ashok Vaswani, MD and CEO of Kotak Mahindra Bank (KMB), said the "back-of-the-envelope" impact on the bank's profitability on account of the restrictions placed by RBI could be ₹300 crore to ₹400 crore. Speaking with the analysts on Saturday within hours of declaring the fourth quarter results, he also indicated that the bank would continue to be prudent and not get aggressive on credit growth.
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Stakes of domestic mutual funds (MFs) in listed companies rose to an all-time high of 8.92% on 31 March, up from 8.81% a quarter ago, according to data collated by primeinfobase.com. With this, the share of foreign institutional investors shrank to an 11-year low of17.68% during the quarter, down by 51 basis points. One basis point is one-hundredth of a percentage point.
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The SME IPO market is on fire and there is no sign of the heatwave ebbing anytime soon. Sample this: The total fundraise in the first four months this year is already half of what was seen in the whole of 2023. Market participants say the number of issues and the overall fund activity this year are set to surpass 2023 levels by a long margin.
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