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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Uday Kotak says heirs are choosing to manage family money rather than run real businesses. This lament doesn’t stand scrutiny.
“Even today, I firmly believe that the next generation must work hard and create businesses rather than becoming financial investors too early.”
That was Uday Kotak, one of India’s leading bankers, lamenting the role of the next generation of business families at the “Chasing Growth 2025” investor event last month.
His concern likely stemmed from the proliferation of family offices and the full-time involvement of an increasingly large number of scions in running them. According to a report by PwC, there are currently over 300 family offices in India, managing assets worth more than $30 billion, compared to just 45 …
Once seen as a threat, global capability centres appear to be becoming a potential growth driver for the country’s IT giants.
The kingdom is moving to tighten the rules around public listings, algorithmic trading, trading in foreign securities and company disclosures—all in an effort to chase transparency.
As the smart fan maker gears up for an IPO, prospective investors could do with some clarity on what the company’s next phase of growth will look like.
