The founder of Kotak Mahindra Bank, who surprised all by stepping down from his executive role four months ahead of end of term recently, said many corporates are not going ahead with investments and added that we are witnessing "significant consolidation and concentration" because of this. The concentration can deliver in the short term, but it is in India s long term interests to have many businesses flourish.
Sandip Sabharwal says HDFC Bank and Kotak Mahindra Bank are currently not attractive investment options due to various challenges they face. However, these banks are well-managed and could be considered for investment at lower prices in the future. Sabharwal also discusses the impact of rising yields and the dollar rally on emerging market stocks, stating that India is more robust now compared to earlier.
Blaupunkt has partnered with Flipkart to launch new televisions, including a 43-inch QLED and a 55-inch 4K Google TV. The TVs start at ₹28,999 ($390), with the Google TV model priced at ₹34,999 ($472). The company has seen a 300% increase in sales of its 55 and 65-inch TVs in the past year.
Pti: Kotak Mutual Fund Announces the Launch of Seekho Paiso Ki Bhasha - an Investor Education and Awareness Initiative, in Partnership With the Central Board of Secondary Education