Uday Kotak, CEO of Kotak Mahindra Bank, has shared his conviction that interest rates are poised to increase and stay elevated for an extended period. He took to Twitter to make the statement and pointed out that central banks across the world are in the process of implementing more rate hikes. He also noted that […]
Kumar Birla, an industrialist and the chairman of the Aditya Birla Group, is set to sell up to 49% of his company’s stake in its renewable energy business. He has hired Standard Chartered, a global provider of banking and financial services, to help with this process. The action is intended to raise roughly $400 million, […]