Business
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NEW DELHI: After Kotak Mahindra Bank, its peer IndusInd Bank said the Reserve Bank of India (RBI) has approved the largest insurer in India Life Insurance Corporation to raise its stake in the lender to up to 9.99 per cent.“We are pleased to inform you that the Bank has received an intimation from the RBI…
Business
Main person cos to proceed capex
Several leading consumer facing companies including Hindustan Unilever, Britannia, Voltas, Havells, Blue Star and Titan Company are going to continue their high capital expenditure (capex) and expansion this fiscal as that in FY23, senior executives told ET and analysts in recent earning calls.Much of the capex is ear-marked for new factories…
Business
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