Bloomberg Kotak Mahindra Bank Ltd, backed by billionaire Uday Kotak, is considering selling a minority stake in its general insurance unit, according to people familiar with the matter. The lender is working with Morgan Stanley on the potential sale of a stake in Kotak General Insurance which could raise as much as a few hundred million dollars, the people …

  Bloomberg When Ulrich Koerner unveiled a plan to salvage Credit Suisse Group AG in October, the chief executive officer promised to create a new bank. His subsequent failure to reverse a stampede of client funds has raised doubts that “new” means “better.” Credit Suisse lost an unprecedented 111 billion Swiss francs ($120 billion) worth of assets during the three …

Bloomberg India has reclaimed fifth place among the world’s top equity markets by value after being briefly usurped by France during a selloff of Adani Group shares. India’s market capitalisation stood at $3.15 trillion on February 10, inching back above France with the UK retaining seventh place, according to data compiled by Bloomberg that shows the combined value of companies …