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Key news- Kotak Bank, IndusInd Bank to be in focus- reports say Kotak Mahindra Bank is exploring takeover of IndusInd Bank. Alembic Pharma gets US FDA nod for Timolol Maleate Ophthalmic Gel which is used to treat increased pressure inside the eye. Yes Bank reported a net profit of Rs 1.29 bn helped by a decrease in operational expenses and widening of margins on a much lower loan book. estle India announced its plans to invest Rs 2,600 crore over the next three to four years to augment its manufacturing capacity in the country. Tech Mahindra to acquire a complete stake in New Zealand-based Tenzing Group and Australian IT firm Momentum for a cumulative amount of around Rs 2.93 bn. Results today- SBI Life, Alembic Pharma.
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