Uday Kotak, the CEO and Managing Director of Kotak Mahindra Bank, shares the best advice of his life and how it helped him in his career . At a time when India was still a closed economy he started out on his own, even rejecting a lucrative offer from a multinational company. He went on to lay the foundation of  Kotak Mahindra Bank (then kotak Mahindra Finance Limited) in 1985. Kotak got his banking license in 2003 by RBI.  Watch the video as he shares the story behind the advice that changed his life.Also read: India's exports dip 1.8% to $27.36 billion in December 2019Also read: HDFC Bank credit card holder? Net banking, other services won't be available on this day

Microsoft's India-born CEO Satya Nadella has expressed grief over the Citizenship law. \"I think what is happening is sad, primarily as sort of someone who grew up there... I think it's just bad,\" Nadella told BuzzFeed at a Microsoft event in Manhattan; Market regulator SEBI has extended the deadline given to companies to separate the roles of chairman and managing director by two years till April 2022; German engineering group Siemens said it would fulfil its contractual obligations to a controversial coal mining project in Australia's outback, attracting criticism from environmental groups on Monday. This and more news on News Blast.

Aviation ministry asks operators to register drones by Jan 31 or face actionThe Aviation Ministry announced a scheme on Monday asking operators to voluntarily register their drones by January 31. The ministry said that those who fail to register will face action under the Indian Penal Code and Aircraft Act. The number of illegal drones in India is likely to be between 50,000 and 60,000, co-chair of a FICCI committee on drones, Ankit Mehta, had said on October 22 last year.Siemens ...

Under the Sebi norms, the top 500 listed entities by market capitalisation have been mandated to comply with the requirement of separation of the roles of chairperson and MDs from April

Mukesh Ambani is expected to shed his executive tag and become non-executive chairman of Reliance Industries in compliance with the Securities and Exchange Board of India (Sebi) guidelines if they come into effect on April 1, as scheduled

SEBI is in talks with the Finance Ministry and the Prime Minister's Office (PMO) regarding this matter

Even as banks lower their NPAs for the year, new areas of stress are emerging that may create headaches for the financial sector and the RBI

The Disrupt or Die theme is apt for the times when technology is disrupting businesses across the value chain

Both YES Bank, where accelerated non-performing assets recognition under new chief executive Ravneet Gill has reduced buffers, and the capital-flush Kotak Mahindra Bank denied any transaction being in the works

Recognised as one of the most coveted industry awards, BT Best CEO Awards are evaluated on several business parameters including the company's growth in revenue and profit, innovation and transformational changes, impactful strategies and contribution to the nation's growth

Uday Kotak has ensured phenomenal growth without adding too much risk

As the economy slowed down, winners of BT-PwC Best CEO awards had a trial by fire

In October 2018, the government seized control of the debt-trapped company and superseded its board led by Uday Kotak as the chairman

This drop in nominal GDP growth rate is significant as it also upsets the government's fiscal estimates in the current financial year

From losing the tag of fastest growing economy to China to hitting a six-and-a-half-year low in GDP growth, India's economic health continues to remain bleak

Catch the top stories from the world of business and economy with BusinessToday.In's end of day (EOD) report

The just released GDP data for the second quarter (July-September) shows that the growth has gone down to 4.5 per cent (the lowest in six years) from 5 per cent in the first quarter (April-June)

Tata Sons chairman N Chandrasekaran's comments came a day after a media report said that half of the thermal power plants in the country are shutting down

Deepika Padukone is also registered as founder of Live Love Laugh Foundation, which aims to reduce the stigma, spread awareness and change the way people look at mental health

Kotak says India is still far from the uncharted territory of 'deflation' but needs to be wary; the banker cautions that 'deflation' can lead to a decline in economic activities and negative interest rates