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Kotak Mahindra Bank is working with Morgan Stanley on the potential sale of a stake in Kotak General Insurance which could raise as much as a few hundred million dollars, the report said. The process could draw potential strategic partners as well as financial investors, the report added ....
GERMANY <strong>Orders rebound fractionally</strong> Industrial orders in May climbed fractionally after falling for three consecutive months as a result of the economic fallout from Russia’s war in Ukraine, official data showed yesterday. New orders which usually provide a foretaste of industrial output rose 0.1 percent from the previous month, the federal statistics agency Destatis calculated. The previous month’s reading was revised to show a drop of 1.8 percent. On an annual basis, incoming orders in May were down 3.1 percent from the previous year. NORWAY <strong>Oil worker strike set to end</strong> A strike by oil workers that threatened to have wider ramifications for ....