Kotak Mahindra BankNSE -0.36 % Ltd on Tuesday raised the limit on total shareholding of foreign institutional investors and foreign portfolio investors in the company to 45 percent from 43 percent. The hike in the shareholding limit comes as the private-sector lender grapples with a central bank directive on reducing its Chief Executive Uday Kotak’s stake in the bank. [“source=economictimes.indiatimes”]
Read MoreThe market for 4G devices in India is becoming increasingly affordable and there are around 15 phone models which are available at a price point of Rs. 5,000 or lower, a report by Kotak Institutional Equities said. The report said it is now possible to buy a 4G device for as low as Rs. 4,000 (or $60) with a 5-inch screen size, 1.1GHz quad-core processor, 8GB internal memory, 5MP camera and 2,300 mAh battery, which are good enough entry-level specifications. “Six-months back the cheapest 4G-enabled smartphone used to cost Rs.…
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