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Uday Kotak’s sudden resignation on Saturday took the investor community by surprise. Kotak Mahindra Bank, with a market cap of `3.51 lakh crore, is currently the fourth-largest lender in the country. In his resignation letter to chairman Prakash Apte, Uday Kotak revealed that he had contemplated this decision and chose to step down four months before his term’s conclusion.

Shares of UltraTech Cement, ACC, Ambuja Cements, Shree Cements, Dalmia Bharat, Gujarat Ambuja Exports, Birla Corp, Ramco Cements, Nuvoco Vistas, ACC and Ambuja Cements ended 2-9% higher on the NSE.

3M India proposed a resolution to approve material related-party transactions up to ₹1,153 crore from the 2023 AGM until the 2024 AGM with its parent 3M Company, US, which holds 75% equity in the Indian subsidiary. About 51.59% voted against the resolution, while 48.41% voted in favour.

"The Tranche I Issue with a face value of ₹1,000 has been open to the public from Friday, September 1 till Thursday, September 14, 2023, subject to an early closure as may be approved by our Board of Directors or a duly constituted committee thereof of the Company, and subject to relevant approvals," the non-banking financial company said in a statement.

The Nifty Realty index was trading 1.29 per cent up at 570.9.

Broader markets continued to outperform their headline peers, with the Nifty Midcap 100 logging around 1% gains

As per the revised format, an issuer will have to disclose the name as a type of instrument, base size, face value, the option to retain over-subscription, details of coupon, issue opening, and closing date, rating of the instrument, and name of the exchange where it will be listed on the front page of the abridged prospectus (DRHP or RHP).

The two funds are Zerodha Tax Saver (ELSS) Nifty LargeMidcap 250 Index Fund and Zerodha Nifty LargeMidcap 250 Index Fund

​​“There is never a day that I would not buy more equity in Paytm,” Sharma told Bloomberg News in an interview on Monday. “The single largest shareholder of Paytm is now an Indian, that is myself, and I believe this is definitely a key milestone.”

Nifty is currently in an attempt of showing an upside breakout of the down sloping trend line around 19500 levels. A decisive move above 19600 levels is expected to pull Nifty towards the next upside of around 19800-19900 levels in the near term