property acquisition

Uday Kotak buys 12 flats in Mumbai’s Worli Sea Face building for over Rs 200 crore: Report

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Uday Kotak buys 12 flats in Mumbai’s Worli Sea Face building for over Rs 200 crore: Report

Uday Kotak, the former managing director and CEO of Kotak Mahindra Bank, along with his family, recently acquired residential property valued at Rs 202 crore in the prestigious Worli Sea Face area of Mumbai.  The purchase includes 12 properties within a three-floor development known as Shiv Sagar. According to multiple news reports, the total area … Read more

Bank fixed deposits most favourite form of investment for low, high income groups, mutual funds catching up: Survey

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Bank fixed deposits most favourite form of investment for low, high income groups, mutual funds catching up: Survey

The Moneyview Savings Index 2024, which was conducted during the financial year ended March 2024, showed that 72% of the respondents earning over Rs 50,000 monthly salary have higher savings compared to just 51% of those earning less than that. It stated lower-income groups often opt for safer options like savings accounts even though interest … Read more