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Ashok Vaswani to step down as Kotak Mahindra Bank MD & CEO; bank begins search for successor
In a surprising announcement, Ashok Vaswani, CEO and Managing Director at Kotak Mahindra Bank, has decided to step down on December 31, 2026, opting not to pursue reappointment for personal reasons. The bank, recognized as India's fourth-largest private lender, is now actively seeking a new leader to chart its path ahead. This transition will undoubtedly redefine the bank's direction as it enters a new era.
Ashok Vaswani to step down as Kotak Mahindra Bank CEO after 31 December
Kotak Mahindra Bank has initiated the process for the appointment of a new MD and CEO.
Kotak Mahindra Bank Hunts For New MD & CEO As Ashok Vaswani Plans To Exit
Kotak Mahindra Bank has initiated the search for a new MD & CEO
Kotak Mahindra Bank has 'high ambitions' to deploy capital for growth, CEO says
Kotak Mahindra Bank is actively pursuing acquisitions, including loan portfolios and alternative assets, to deploy surplus capital and fuel growth. CEO Ashok Vaswani aims for the bank to become India's third-largest private lender by profit. The bank is also investing heavily in technology and AI to enhance efficiency, expecting workforce growth to lag behind balance-sheet expansion.
Two Adani Group stocks in focus as GQG sells stake in Rs 5,750 crore deal; SBI MF lone buyer
Adani Enterprises and Adani Energy Solutions will be in focus after GQG Partners sold stakes worth about Rs 5,750 crore via block deals, with SBI Mutual Fund buying the shares. The move is seen as portfolio rebalancing following a strong recovery in Adani Group stocks over the past year.
Five Stocks To Buy: Adani Energy, Adani Green, Gland Pharma And More | June 08, 2026
Top picks include power transmission major Adani Energy Solutions, renewable energy giant Adani Green Energy, pharma player Gland Pharma, automotive major Ashok Leyland, and carbon materials manufacturer Himadri Speciality Chemical.
SBI MF acquires stakes in Adani Enterprises, Adani Energy Solutions from GQG for Rs 5,748 crore
SBI Mutual Fund acquired stakes in Adani Enterprises and Adani Energy Solutions from GQG Partners through open market transactions worth a combined Rs 5,747.54 crore on 5 June 2026.
SBI Mutual Fund buys stakes in 2 Adani group firms for ₹5,747 cr
SBI Mutual Fund on Friday bought stakes in Adani Enterprises and Adani Energy Solutions from US-based GQG Partners for Rs 5,747 crore through open market transactions. SBI Mutual Fund purchased 1,64,39,984 shares representing nearly a 1.3 per cent stake in Adani Enterprises, the flagship entity of the Adani Group, according to block deal data on the National Stock Exchange (NSE). In addition, SBI MF also acquired 63,65,796 shares, amounting to a 0.52 per cent stake in Adani Energy Solutions. The shares were picked up in the price range of Rs 1,504.80-2,913.40 apiece, taking the combined transaction value to Rs 5,747.55 crore. Meanwhile, Rajiv Jain-backed GQG Partners, through its affiliate GQG Partners Emerging Markets Equity Fund, offloaded the same number of shares in the two Adani group companies. The stake buy comes after SBI Mutual Fund last month acquired a 0.45 per cent stake in Adani's flagship firm Adani Enterprises, for Rs 1,435 crore. Shares of Adani Enterprises rose 2
Rs 5,750 crore Adani block deal: SBI Mutual Fund picks stake from GQG
GQG Partners sold stakes in Adani Enterprises and Adani Energy Solutions worth about Rs 5,750 crore through block deals, with SBI Mutual Fund acquiring the shares. The transactions are seen as portfolio rebalancing after a strong recovery in Adani Group stocks over the past year.
NMDC, Fineotex Chemical among 6 commodities stocks that hit a 52-week highs & rallied up to 89% in a month
Despite a 303-point decline in the Sensex, six BSE Commodities index stocks touched fresh 52-week highs. Fineotex Chemical, Nitta Gelatin India, Balaji Amines, Rain Industries, GOCL Corporation and NMDC outperformed the broader market, signaling strong momentum and sustained investor confidence.
Stock markets decline for 2nd day on selling in oil, gas, banking shares
Stock markets closed lower for the second consecutive day on Wednesday as investors remained cautious amid conflicting geopolitical signals from the West Asia and fresh foreign fund outflows. In a volatile trade, the 30-share BSE Sensex declined 141.90 points, or 0.19 per cent, to settle at 75,867.80, with 20 of its constituents ending higher and 10 with losses. During the day, it hit a high of 76,224.68 and a low of 75,748.21, gyrating 476.47 points. The 50-share NSE Nifty skidded 6.55 points, or 0.03 per cent, to end at 23,907.15. Sensex had dropped by 479.26 points and Nifty by 118 points on Tuesday. Financials, oil & gas, IT and private banking shares were the major drag while energy, metals, and auto shares advanced, capping the downside. Among 30 Sensex firms, HDFC Bank fell the most by 2.63 per cent. Infosys, ITC, Hindustan Unilever, Reliance Industries and ICICI Bank were also among the major laggards. Power Grid, Eternal, NTPC and Tata Steel were the major ...
Nifty Pharma, 4 others hit 52-week high since Iran war while Nifty fell 7%. Will the form continue?
Despite a challenging market backdrop fueled by geopolitical tensions and foreign fund outflows, five Indian sectors—Pharma, Energy, Defence, Capital Markets, and Metals—are showing remarkable strength. These sectors are hitting new highs, driven by structural earnings visibility and long-term growth tailwinds, indicating a fundamental shift beyond mere defensive plays.