Due to a heavy selloff post the RBI directive, the bank’s founder Uday Kotak, the largest shareholder with a stake of almost 26%, saw his wealth decline by $1.3 billion.
Nifty on Tuesday ended flat to form an indecisive Doji candle on the daily charts. The immediate resistance for Nifty is at 22,500, and a break above this on a closing basis would signal a resumption of the upward movement.
A toothpaste wholesaler in Surat has been cheated of Rs 49.93 lakh by three traders. Find out how the fraud took place and the actions taken by the victim.