For consolidating indias position beyond its
It also unseats leader Bharti Airtel, which had been busy with its own deals.
Earlier this year, Bharti announced the acquisition of the Telenor’s India business.
Goods and Services Tax (GST), one of the most radical tax reforms in the history of Indian economy, has been announced to come into effect from 1 April 2016.
GST is expected to have far reaching impact, much beyond taxes.
The process of convergence with IFRS came to its fruition in February 2015 when the Ministry of Corporate Affairs (MCA) notified the revised roadmap for companies (with a separate roadmap for banks, insurance companies and non-banking finance companies due to the additional regulatory considerations for these entities), for adoption of Ind AS.
For most businesses, Ind AS have a significant impact on their financial position and financial performance, directly affecting the outcomes of valuation metrics that analysts use to measure and evaluate company performance and financial status.
Highlighting finance sector trends in FY17, Kotak said that there has been a "formalisation" of financial savings due to positive real interest rates and demonetisation.
According to Kotak, non-banking companies are better placed to reap the benefit of a shift towards the formal sector.
Incidentally, Kotak Bank is worth more than the collective market cap of 16 of the 21 listed public sector banks.India’s mobile telecom market is undergoing a radical change. The new company will serve nearly 400 million customers and capture a 35% customer market share and 41% revenue market share.