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Bose, pioneer of investment banking in India, dies at 71

Udayan Bose, pioneer of investment banking in India, dies at 71
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Udayan Bose, pioneer of investment banking in India, dies at 71
TNN / Updated: Jan 9, 2021, 13:41 IST
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Udayan Bose (File photo)
MUMBAI: Veteran dealmaker Udayan Bose, who brought modern investment banking and venture capital to India in the ’80s and set up the second private Indian mutual fund, passed away on Friday. Bose (71) was suffering from heart and kidney-related issues.
Bose straddled the world of pinstriped bankers of London’s Lombard Street and the earthy stock markets of Mumbai and Kolkata. He threw away an opportunity to head Deutsche Bank’s Australia operations to turn entrepreneur by acquiring a vintage broking firm, which then he used to partner Lazard (a global investment bank) and create India’s first multinational investment bank. ....

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Don't overspend at the expense of future generations: Kotak

Don’t overspend at the expense of future generations: Kotak
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“We must also be clear that we are all borrowing from the future generations,” Kotak said in his note to employees. “This encompasses both spends, with governments having spent huge amounts of money, as also the climate. We owe it to the future generations that we do not overspend on their account just for protecting our lives alone.”
Mumbai: Billionaire banker Uday Kotak has cautioned against over-spending to protect the lives of the present generation. Kotak in his annual message to staff said that all are borrowing from the future generations which also includes government spending. ....

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