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News on Medial
Uday Kotak warns about ‘fading animal spirits’ in kids of business families: ‘Be hungry for success and…’ | Company Business News
Livemint
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5m ago
Medial
Uday Kotak expressed concerns about young business heirs preferring to manage family investments over creating new businesses, warning of fading "economic animal spirits" in India. He urged this generation to embrace entrepreneurship and start from scratch. Kotak noted an increased focus on investment management post-COVID-19, with young tycoons opting for trading and mutual funds. He also highlighted the impact of foreign institutional investors capitalizing on high domestic flows by reallocating funds globally.
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'I would love to see this generation be hungry for success, build operational businesses': Uday Kotak
Business Today
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5m ago
Medial
Uday Kotak, speaking at an investor conference, expressed concerns about waning entrepreneurial zeal among younger business families, who increasingly prefer investment management over active business operations. He criticized the trend of over-financialisation in the Indian economy, warning it could harm the economy if investors focus solely on financial instruments without understanding their value. Kotak urged the younger generation to build real-world businesses and for India to avoid protectionist policies, instead leveraging global market changes.
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Uday Kotak warns of fake investment scheme being run in his name, says, 'I have nothing to do with this'
IndianStartupNews
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1y ago
Medial
A recent social media post raised concerns about a fake investment scheme allegedly involving billionaire Uday Kotak, claiming to offer passive daily income for all Indians. However, Uday Kotak himself clarified that the article is fake and he has no association with the scheme or platform. The Indian Express also cautioned users about fake pages posing as their publication.
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Kotak warns Zepto, Swiggy's rise in quick commerce will become 'political issue'
YouTube
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8m ago
Medial
Uday Kotak during a recent CNBC-TV18 event warned that the rise of quick commerce companies like Zepto, Swiggy's Instamart, and Zomato's Blinkit poses a challenge to local retailers. "I think it's a challenge that will come to the political front," Kotak said. "But if you look at quick service retail, India is a unique country where it's working," he added.
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Uday Kotak pens heartfelt resignation letter to Kotak Mahindra Bank
Livemint
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1y ago
Medial
Uday Kotak, the Founder and Promoter of Kotak Mahindra Bank, announced his resignation as the Chief Executive Officer and Managing Director, effective September 1st, three months ahead of schedule. Kotak, who has been associated with the institution for 38 years, explained the decision was made to ensure a smooth transition. Dipak Gupta, currently the Joint MD, will serve as MD & CEO temporarily, pending regulatory approvals. Kotak expressed his commitment as a stakeholder to the bank's continued growth and future success.
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Kotak Mahindra Bank’s Milind Nagnur steps down as COO, CTO | Company Business News
Livemint
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7m ago
Medial
Milind Nagnur, Kotak Mahindra Bank’s COO and CTO, has resigned for personal reasons, planning to return to the US for family care. His resignation follows RBI restrictions placed on the bank due to technology deficiencies. The bank has implemented an interim technology structure. Nagnur's exit is the second high-level departure after K.V.S. Manian. RBI restrictions stem from IT infrastructure issues causing service disruptions. Nagnur was appointed by former CEO Uday Kotak for technological transformation.
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Uday Kotak’s year-end musings: From pollution to defence, 10 action points for 2025 | Company Business News
Livemint
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7m ago
Medial
Uday Kotak, Founder of Kotak Mahindra Bank, shared ten action points on social media to focus on for India's development by 2025. His priorities, outlined in "India at 77," include addressing economic policies and tackling environmental challenges, such as pollution and defence. As 2024 ends, Kotak's insights aim to guide India's growth towards a sustainable and prosperous future, emphasizing strategic changes to enhance national capabilities and resources effectively.
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Quick commerce a challenge to retailers, will become political issue: Uday Kotak
YourStory
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8m ago
Medial
Uday Kotak, a veteran in the financial services industry, believes that the rise of quick commerce trade poses a challenge to retailers and will become a political issue. He highlighted the success of quick service retail in India compared to other parts of the world, but also emphasized the need for Indian businesses to focus on product and creativity to deliver consumer brands. Kotak warned against protecting domestic players in the market and advocated for open trade. He also urged an increase in the defense budget to demonstrate a country's true prowess.
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CCI approves Kotak Mahindra Bank’s proposal to buy Standard Chartered’s ₹4,100 crore personal loan book | Company Business News
Livemint
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8m ago
Medial
The Competition Commission of India (CCI) has approved Kotak Mahindra Bank's proposal to acquire Standard Chartered's unsecured personal loan book worth ₹4,100 crore. The acquisition involves the transfer of the target business from Standard Chartered Bank India Branch to Kotak Mahindra Bank. Kotak Mahindra Bank is a public limited company listed on the BSE and NSE and is registered with the Reserve Bank of India. The approval from CCI allows the bank to proceed with the acquisition and expand its retail banking operations in India.
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Business and political leaders pay tribute as Ratan Tata passes away | Mint
Livemint
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10m ago
Medial
- Former chairman of the Tata group, Ratan Tata, passed away at the age of 86, leaving behind a profound impact on India Inc. - Prime Minister Narendra Modi expressed his condolences, praising Tata as a visionary business leader and an extraordinary human being. - Fellow business tycoons, including Mukesh Ambani, Gautam Adani, Sundar Pichai, and Uday Kotak, also mourned the loss and acknowledged Tata's contributions to India. - Tata had previously clarified rumors about his health on social media, stating that he was undergoing age-related medical check-ups. - Various political leaders, such as Rahul Gandhi, Nitin Gadkari, Mamata Banerjee, and Amit Shah, and corporate figures like Anand Mahindra and Kumar Mangalam Birla, paid their respects to Tata and his impact on the Indian economy. - The public was invited to pay their last respects and homage to Tata at the NCPA Lawns in Mumbai.
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Who is Thailand’s Chearavanont family? The second richest in Asia after Ambanis | Company Business News
Livemint
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5m ago
Medial
Thailand’s Chearavanont family, ranked as Asia's second wealthiest, has amassed a $42.6 billion fortune through the Charoen Pokphand (CP) Group. This family business, originating in 1921, spans food, retail, and telecom across Asia. Founded by Chia Ek Chor, the conglomerate saw significant growth under his son Dhanin Chearavanont. CP Group, one of Thailand's largest, operates in 21 countries, producing animal feed and livestock, with ventures in e-commerce, finance, and healthcare.
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