Last Updated: Tuesday, June 16, 2015, 17:06
After falling 2 percent to Rs 1,263.75, shares of Kotak finally ended at Rs 1,290.90, up 0.09 percent on the BSE.
Last Updated: Monday, June 15, 2015, 17:53
The Foreign Investment Promotion Board (FIPB) had taken up the application in its meeting, but the decision was deferred in want of comments from the Department of Financial Services (DFS), sources said.
Last Updated: Thursday, May 28, 2015, 19:22
FIPB Thursday deferred a proposal of Kotak Mahindra Bank to increase foreign investment limit to 55 percent.
Last Updated: Thursday, May 28, 2015, 13:41
AXA is the first foreign partner to increase its stake in a domestic insurance company after the government had approved up to 49 percent FDI in insurance sector in March, compared to 26 percent earlier.
Last Updated: Thursday, May 28, 2015, 08:56
Inter-ministerial body FIPB will on Thursday take up Kotak Mahindra Bank's proposal for raising foreign investment limit in the bank to 55 percent, along with 47 other FDI applications.
Last Updated: Wednesday, May 27, 2015, 16:31
The government has said that FIPB's approval will not be required for merger and acquisitions in sectors where FDI is allowed under automatic route, a move aimed at further improving the ease of doing business in the country.
Last Updated: Monday, May 25, 2015, 15:52
The government has cleared 21 foreign direct investment (FDI) deals worth Rs 281 crore but deferred Kotak Mahindra Bank's proposal to hike foreign investment limit in the bank to 55 percent.
Last Updated: Tuesday, May 19, 2015, 18:32
In a bid to attract more foreign investment, the government is looking at doing away with the mandatory approval of the Reserve Bank of India (RBI) which currently is needed after an investment proposal has been approved by the FIPB.
Last Updated: Monday, May 18, 2015, 22:17
Inter-ministerial body FIPB will on May 28 take up Kotak Mahindra Bank's proposal for raising foreign investment limit in the bank to 55 percent, along with 47 other FDI applications.
Last Updated: Wednesday, May 6, 2015, 22:22
With an aim to increase FDI inflows, the government Wednesday enhanced FIPB's powers to recommend foreign investment proposals of up to Rs 3,000 crore.
Last Updated: Tuesday, May 5, 2015, 20:41
The government has approved French insurance firm AXA raising stake in its life insurance joint venture with Bharti Group to 49 percent for Rs 858.6 crore.
Last Updated: Tuesday, May 5, 2015, 20:19
The government on Tuesday approved 19 FDI proposals worth Rs 2,165 cr including Rs 1,290 cr investment proposal of Bharti AXA Life and General Insurance.
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