Thursday, September 17
Shareholders of auto components maker Sona BLW Precision Forgings Ltd have approved the appointment of Priya Sachdev Kapur as a non-executive director, the company said in a regulatory filing. Priya, the wife of late chairman Sunjay Kapur, was appointed as an Additional Director in the capacity of Non-Executive Director with effect from June 23, 2025. Her appointment was passed by the requisite majority during the annual general meeting held on July 25. Sunjay Kapur, who served as chairman of Sona Comstar, passed away in London on June 12 while playing polo. Following his death, the company’s board appointed Jeffery Mark Overly as chairman on June 23. However, ahead of the AGM, the company received objections from Rani Kapur, mother of the late Sunjay Kapur and former chairperson of the
Kotak Mahindra Bank on Saturday reported a 47% year-on-year decline in its standalone net profit for the June quarter at Rs3,282 crore, compared to Rs 6,250 crore in the year-ago period. The net interest income (NII) for Q1FY26 increased to Rs 7,259 crore, up 6% YoY from Rs 6,842 crore in Q1FY25.However, the decline in Kotak Bank's PAT would reduce to 7% excluding gains on KGI divestment, the company filing said. On June 18, 2024, ZKGI has ceased to be a wholly-owned subsidiary and became an associate of the Bank.Average advances for Q1FY26 grew at 14% YoY with Net Advances increasing 14% YoY to Rs 444,823 crore as at June 30, 2025 from Rs 389,957 crore as at June 30, 2024.More to follow......
As India steps into the second half of 2025, the country's most ambitious Founders are exiting differently. IPO and M&A are no longer a binary choice. This is the dual-track exit era: When companies prepare for an IPO but keep strategic or financial M&A discussions alive. Long considered a hedge in Western markets, this approach is now an intentional and predominant playbook in India.And this is not just talk. IPO filings of over INR 1.1 lakh crore (USD ~12.7bn) in H1, and more than USD 20bn in disclosed M&A deals, including inbound interest in fintech, NBFCs, Q-commerce, and defence, speak for themselves. However, the untold story lies deep beneath the filings, where Founders are engaging in a parallel choreography of multiple processes. From Backup Plan to Built-In StrategyIP
