Last week, Jaideep Hansraj was appointed group president of Kotak Mahindra Bank's One Kotak, an initiative to unlock internal synergies across the bank and its subsidiaries. Against this backdrop, Kotak Mahindra Bank's ‘One Kotak’ initiative aims to present the Kotak group as a whole to customers, instead of the bank and various subsidiaries. In 1990s, under Ratan Tata's leadership, the …
Market regulator Sebi has banned Subhash Chandra, chairman of Essel Group and Punit Goenka, the Chief Executive Officer of Zee Entertainment Enterprises from holding a director or Key Managerial Personnel in any listed company or its subsidiaries until further orders. Sebi's directions come after the regulator found that Subhash Chandra and Punit Goenka siphoned off funds for their own benefits …
Nykaa, one of the most popular online marketplaces for beauty and wellness products in India is all set to launch its initial public offering on October 28, according to sources. The anchor issue to raise up to Rs 2,340 crore will open on October 27, one day prior to Nykaa IPO. The Rs 5,200-crore Nykaa IPO will include a primary …
Reliance Industries Limited's retail arm has acquired a majority equity stake in online e-pharma company Netmeds for about Rs 620 crore. In an announcement late Tuesday, the oil-to-retail conglomerate said Reliance Retail Ventures has acquired a majority stake in Vitalic Health Pvt Ltd and its subsidiaries -- collectively known as Netmeds -- for a cash consideration of around Rs 620 …
