Preeti Singh Bloomberg
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Uday Kotak Loses Rs 10,800 Crore In A Day After RBI Action
Uday Kotak built his Kotak Mahindra Bank Ltd. over decades to become Asia's richest banker. After India's regulator slapped his bank with a surprise ban, he's facing one of his biggest tests yet - and a dip in wealth.
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Bankers In India To Get Higher Salary Increases Than Singapore, Hong Kong
Finance professionals in India are in line for higher salary hikes than those in Hong Kong and Singapore this year, underscoring how firms are tapping the nation's economic boom as China slows, according to Bloomberg Intelligence.
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Paytm Crackdown Signals More RBI Scrutiny on India Banks
India stunned investors last month by abruptly suspending most activities of the banking affiliate of Paytm, a once high-flying fintech star that had attracted backing from Warren Buffett and SoftBank Group Corp. While the Paytm case was an extreme example of lapses in customer verification — it allegedly used a single identity document to open t...
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RBI Clampdown On Embattled Fintech Star Paytm Sparks Industry Concerns
For regulators seeking to crack down on potential fraud in the financial sector, Paytm may just be the beginning.
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Sony Said to Be Planning to Call Off $10 Billion Merger With Zee
Sony Group is planning to call off the merger pact of its India unit with Zee Entertainment Enterprises, said people familiar with the matter, capping two years of drama and delay in creating a $10 billion media giant.
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Sony Is Planning to Call Off $10 Billion Merger With Zee Enterprises
Sony Group Corp. is planning to call off the merger pact of its India unit with Zee Entertainment Enterprises Ltd., said people familiar with the matter, capping two years of drama and delay in creating a $10 billion media giant.
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Disney Said to Near Multibillion-Dollar Deal With Reliance
Reliance Industries, controlled by Asia’s richest tycoon Mukesh Ambani, is nearing a cash and stock deal to buy Walt Disney’s India operations, according to people familiar with the matter. The acquisition could be announced as early as next month with some of Reliance’s media units merged into Disney Star, the people said, without providing ...
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Why Retiring In India No Longer Requires Living With The Kids
Vandana Agarwal is only 54, but she's already planning to place a deposit on an apartment in a retirement community close to New Delhi that she and her husband will move into when they reach their 70s.
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Global Banks Expand Maternity Benefits To Retain Women Employees In India
Across India, global financial firms are expanding maternity benefits to include perks rarely seen elsewhere, part of an effort to attract and retain female employees.
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Disney Is Considering Selling Its Indian Streaming and TV Business, Reliance Is Among Potential Buyers
Disney has held preliminary talks with potential buyers for its India streaming and television business including billionaire Mukesh Ambani’s Reliance Industries. The company has discussed a range of options with would-be suitors, from selling Disney Star entirely to a piecemeal transaction that may include some combination of its assets includin...
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Spike In Interest Rates Leaves Indian Homeowners In Unenviable Position
India's sharp rise in interest rates has left many homeowners in an unenviable position: Having a mortgage they'll still be paying decades after they should have retired.
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Credit Suisse Crisis Sends Shivers Amongst Wealthy Indians
The Credit Suisse Group AG crisis is likely to make a dent on the way well-off Indians view international wealth managers, a firm backed by Liechtenstein's royal family said Tuesday.
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A $4 Billion Fund Is Clashing With Government. How It's Impacting Decisions
When India launched its first state-backed investment fund in 2015, the project was met with great enthusiasm. Officials hoped to raise billions of dollars to improve the nation's infrastructure and attract foreign manufacturers.
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Billionaire Uday Kotak-Run Kotak Mahindra Bank Rules Out CEO's Son As Boss
The son of India's richest banker isnt in the running to lead Kotak Mahindra Bank.
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Viral Video: On Mumbai Streets, A Bank Officer With A Mic And A Message
Indian bankers are taking to the streets with megaphones and enlisting grocers to sign up customers as they seek to lure cash deposits to fund the fastest credit growth in a decade.
-
Uday Kotak Loses Rs 10,800 Crore In A Day After RBI Action
Uday Kotak built his Kotak Mahindra Bank Ltd. over decades to become Asia's richest banker. After India's regulator slapped his bank with a surprise ban, he's facing one of his biggest tests yet - and a dip in wealth.
-
Bankers In India To Get Higher Salary Increases Than Singapore, Hong Kong
Finance professionals in India are in line for higher salary hikes than those in Hong Kong and Singapore this year, underscoring how firms are tapping the nation's economic boom as China slows, according to Bloomberg Intelligence.
-
Paytm Crackdown Signals More RBI Scrutiny on India Banks
India stunned investors last month by abruptly suspending most activities of the banking affiliate of Paytm, a once high-flying fintech star that had attracted backing from Warren Buffett and SoftBank Group Corp. While the Paytm case was an extreme example of lapses in customer verification — it allegedly used a single identity document to open t...
-
RBI Clampdown On Embattled Fintech Star Paytm Sparks Industry Concerns
For regulators seeking to crack down on potential fraud in the financial sector, Paytm may just be the beginning.
-
Sony Said to Be Planning to Call Off $10 Billion Merger With Zee
Sony Group is planning to call off the merger pact of its India unit with Zee Entertainment Enterprises, said people familiar with the matter, capping two years of drama and delay in creating a $10 billion media giant.
-
Sony Is Planning to Call Off $10 Billion Merger With Zee Enterprises
Sony Group Corp. is planning to call off the merger pact of its India unit with Zee Entertainment Enterprises Ltd., said people familiar with the matter, capping two years of drama and delay in creating a $10 billion media giant.
-
Disney Said to Near Multibillion-Dollar Deal With Reliance
Reliance Industries, controlled by Asia’s richest tycoon Mukesh Ambani, is nearing a cash and stock deal to buy Walt Disney’s India operations, according to people familiar with the matter. The acquisition could be announced as early as next month with some of Reliance’s media units merged into Disney Star, the people said, without providing ...
-
Why Retiring In India No Longer Requires Living With The Kids
Vandana Agarwal is only 54, but she's already planning to place a deposit on an apartment in a retirement community close to New Delhi that she and her husband will move into when they reach their 70s.
-
Global Banks Expand Maternity Benefits To Retain Women Employees In India
Across India, global financial firms are expanding maternity benefits to include perks rarely seen elsewhere, part of an effort to attract and retain female employees.
-
Disney Is Considering Selling Its Indian Streaming and TV Business, Reliance Is Among Potential Buyers
Disney has held preliminary talks with potential buyers for its India streaming and television business including billionaire Mukesh Ambani’s Reliance Industries. The company has discussed a range of options with would-be suitors, from selling Disney Star entirely to a piecemeal transaction that may include some combination of its assets includin...
-
Spike In Interest Rates Leaves Indian Homeowners In Unenviable Position
India's sharp rise in interest rates has left many homeowners in an unenviable position: Having a mortgage they'll still be paying decades after they should have retired.
-
Credit Suisse Crisis Sends Shivers Amongst Wealthy Indians
The Credit Suisse Group AG crisis is likely to make a dent on the way well-off Indians view international wealth managers, a firm backed by Liechtenstein's royal family said Tuesday.
-
A $4 Billion Fund Is Clashing With Government. How It's Impacting Decisions
When India launched its first state-backed investment fund in 2015, the project was met with great enthusiasm. Officials hoped to raise billions of dollars to improve the nation's infrastructure and attract foreign manufacturers.
-
Billionaire Uday Kotak-Run Kotak Mahindra Bank Rules Out CEO's Son As Boss
The son of India's richest banker isnt in the running to lead Kotak Mahindra Bank.
-
Viral Video: On Mumbai Streets, A Bank Officer With A Mic And A Message
Indian bankers are taking to the streets with megaphones and enlisting grocers to sign up customers as they seek to lure cash deposits to fund the fastest credit growth in a decade.
