"In life as in cricket, complacency or overconfidence is lethal. As Indian markets go up, the same is true. It is said that only the paranoid survive"
Uday Kotak, Executive Vice Chairman and MD, Kotak Mahindra Bank
The countrys domestic air passenger traffic in May 2017, up 17 per cent from 86.69 lakh in May 2016, according to Civil Aviation Minister Jayant Sinha
PE deal-making jumps 64% in May
May saw private equity (PE) deals worth $963 million, a rise of 64 per cent over May 2016, according to a Grant Thornton report. The January-May period saw 349 deals worth $6,402 million, compared to 421 deals worth $5,487 million in the same period last year.
Paytm looks to start mutual fund
Paytm has applied to the Reserve Bank of India for a licence to launch a money market fund, says a newspaper report. Such funds invest in short-term debt and are open-ended (users can enter and exit any time). The aim is to ensure that those who store money with it can earn some interest.
Andhra Governmentups ISB hirings
Indian School of Business (ISB) has placed its largest-ever class of 903 students. What stands out is that the N. Chandrababu Naidu-led government in Andhra Pradesh has made 21 offers, 60-70 per cent higher than last year, according to Uday Virmani, Director, Placements. Among these, two-three will join as executive assistants to district magistrates.
Lockheed Martin, Tata to Make F-16 in India
Tata Advanced Systems and Lockheed Martin have agreed to make the F-16 fighters in India in a big push to the governments Make in India programme. The deal was signed at the Paris Air Show.