Economy may pick up in second half: Uday Kotak

Uday Kotak, executive VC MD, Kotak Mahindra Bank, talking to CNBC TV18, feels the FM has rolled out a very responsible Budget, with the intention of controlling fiscal deficit, combined with a great focus on the financial markets.

Speaking to CNBC-TV18, Kotak said, "Hiking tax rates will hurt risk-taking, enterprise. The government need a stable tax regime for higher investments. Aggressive fisc consolidation needs monetary policy support."

Bill Clinton. Image Courtesy: Reuters He impressed but he didn't wow. Bill Clinton 's inaugural address at the Kotak Presidium was human, not presidential, with trademark elements of the great communicator — anecdotal, earthy, personal and ...

Mumbai, April 12: Singapore's Heliconia Pte Ltd is buying a 2.6 per cent equity stake in Kotak Mahindra Bank (KMBL) for Rs 1,296 crore, valuing the private sector lender at around Rs 50,000 crore. Heliconia is an affiliate of Government of Singapore ...

Tata Opportunities Fund (TOF) LP a captive PE fund of the $100 billion salt-to-software conglomerate — is all set to buy a 5% stake in Tata Group's joint venture DTH company Tata Sky. TOF, which has a corpus of $600 million raised last month, ...

JM Financial Ltd, a Mumbai-based financial services firm, said on Thursday that it would nominate former Citigroup Inc. chief executive officer (CEO) Vikram Pandit as non-executive chairman of an entity it proposes to start to enter the Rs.75 ...

MUMBAI: Prashant Naik and Hrishikesh Kanitkar helped Air India take the vital first innings lead over Indian Oil and enter the final of the Times Shield 'A' Division just half an hour before lunch on the second day of the three day semifinal at the ...

New Delhi: The stage is set to honour and acknowledge organisational excellence as NDTV Profit gets ready to confer business czars with the Business Leadership Awards on April 8, 2013, presented by Supertech. Instituted in 2006, the NDTV Profit ...

Topping the list of Tech Billionaires under 40 is the 39 year old co-founder of Google, Larry Page who has an estimated net worth of $23 billion. Coming a close second is another co-founder of Google, Sergei Brin with a net worth of $22.8 billion.