In the news: 20k tonnne gold with Indians, Kotak Mahindra earnings and more

Though there is not a single business news story which can be termed less important, there are some which stand out among those we cover during a day. Here are the top five of them which we found the most relevant today.

Court stays MAT claim against Aberdeen Asset  Aberdeen had filed its challenge with the Bombay High Court in response to a claim for a MAT payment of about Rs 20 lakh for one of its funds, said a lawyer involved in the case.

AI sacks cabin crew member for habitually delaying flights "The sacked cabin crew was a habitual offender and a number of flights had been delayed because of him. In the last 2-3 months alone, more than 10 flights were delayed because of his late arrival or no arrival," a senior Air India official said.

20,000 tonne gold held by public, says FM Jaitley  "The Reserve Bank of India hold 557.75 tonnes of gold. The government does not maintain the data on gold held by the people in the country," Finance Minister Arun Jaitley said in a written reply in Rajya Sabha on Tuesday.

CCI rejects charges against Flipkart, other e-commerce firms  The complaints were filed against Flipkart India Pvt Ltd, Jasper Infotech Pvt Ltd, Xerion Retail Pvt Ltd, Amazon Seller Services Pvt Ltd and Vector E-commerce Pvt Ltd.

Kotak Mahindra Bank net profit rises 30% in Q4  Standalone net profit rose to Rs 527 crore ($83.14 million) for its fiscal fourth quarter to March 31, from Rs 407 crore a year earlier. That compared with analysts' expectation of Rs 497 crore.