News: Kotak Mahindra Bank Ltd (KTKM.BO)

KTKM.BO on Bombay Stock Exchange

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Rs-5.50 (-0.70%)
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Rs783.00
Open
Rs778.25
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Volume
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Mon, Dec 14 2009

India eyes $2.4 bln from NTPC stake sale: report

MUMBAI (Reuters) - India aims to raise 110 billion rupees ($2.4 billion) from a stake sale in state utility NTPC , up from earlier plans of 82 billion rupees, by pricing the offer at a premium, the Economic Times reported on Tuesday.

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India eyes $2.4 bln from NTPC stake sale - report

MUMBAI, Dec 15 (Reuters) - India aims to raise 110 billion rupees ($2.4 billion) from a stake sale in state utility NTPC , up from earlier plans of 82 billion rupees, by pricing the offer at a premium, the Economic Times reported on Tuesday.

UPDATE 1-India's DB Corp to launch $83 mln IPO Fri-sources

MUMBAI, Dec 8 (Reuters) - Indian media firm DB Corp will launch its initial public offering to raise about 3.85 billion rupees ($83 million) on Friday, three sources with direct knowledge of the deal said on Tuesday.

UPDATE 1-India JSW Energy IPO $583 mln IPO fully subscribed

* Well placed among peers to gain from high rates (Adds details, quotes, background)

UPDATE 3-JSW Energy prices IPO, offers retail discount

* Anchor investors to get 18 pct; to be named on Friday

TABLE-Kotak Mahindra Sept qtr net up 87.5pct

(versus the same period a year earlier, in billion rupees unless stated)

Kotak wealth arm eyes $3.5 billion in a year

MUMBAI (Reuters) - Kotak Mahindra Bank said it added more than $200 million in client assets at its Indian wealth management arm in the last three months and aims to expand total assets by 25-30 percent to about $3.5 billion in a year.

Merrill retains nearly all India clients

MUMBAI (Reuters) - The Indian wealth management arm of Merrill Lynch has retained nearly all its clients through the recent market turmoil and uncertainty created by a merger with Bank of America Corp , a top executive said on Monday.

Barclays India wealth unit sees assets rising

MUMBAI (Reuters) - The Indian wealth management unit of Barclays expects its business to expand 25 percent annually for at least three to five years as it taps into the country's growing rich, a top official said.

TABLE-India Kotak Mahindra Q1 net up 71.3 pct

(versus the same period a year earlier, in billion rupees unless stated)

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