Banks, Reliance Industries lift indices; Sensex soars 700 pts; Nifty closes 10,092
Bourses in Hong Kong, Tokyo and Seoul settled with losses, while Shanghai closed in the positive territory.
Bourses in Hong Kong, Tokyo and Seoul settled with losses, while Shanghai closed in the positive territory.
Kotak acknowledged that poor corporate governance and excessive leverage haunted Indian industry in the past.
In January, the bank said the RBI had agreed to its proposal to reduce promoters' stake to 26 per cent from then 29.9 per cent over the next six months, which is June.
The bank said it's MD and CEO V. Vaidyanathan has offered to take a pay cut of 30 per cent in his compensation package.
Sectoral indices, led by metal, realty, consumer durables, capital goods, healthcare, auto, FMCG, power and teck, were trading in the negative terrain, falling up to 3.38 per cent.
