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Gujarat names Uday Kotak chairman of Gift city
Veteran banker replaces Hasmukh Adhia amid renewed push for offshore finance
GUJARAT: The Gujarat government has appointed veteran banker Uday Kotak as chairman of Gujarat International Finance Tec-City, commonly known as Gift City, replacing former bureaucrat Hasmukh Adhia.
The appointment comes as Gift City sharpens its push to attract global capital with liberalised tax and regulatory norms, positioning itself as a rival to financial centres such as Singapore and Dubai.
Earlier this month, the Centre doubled the tax holiday for entities setting up operations in Gift City to 20 years, a move aimed at accelerating offshore banking, fund management and capital market activity within the zone.
Uday Kotak brings more than four decades of experience in India’s financial sector to the role. He is the founder and former managing director and chief executive of Kotak Mahindra Bank, which he established in 1985 as a modest bill-discounting business. Over time, the firm evolved into a diversified financial services group, spanning banking, capital markets, asset management and insurance. In 2003, it made history by becoming the first non-banking financial company in India to convert into a commercial bank. Kotak currently serves as a non-executive director on the bank’s board.
Kotak’s career is widely seen as one of the most notable entrepreneurial success stories in India’s financial services industry. In the early 1990s, Kotak Finance expanded into auto loans, investment banking and stockbroking, riding the momentum of India’s economic liberalisation in 1991. Unlike many of his contemporaries, Kotak did not hail from a prominent business family nor did he have the backing of deep-pocketed institutional investors, making the firm’s early expansion particularly arduous.
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Hyundai Motor India rolls out nationwide AC check-up camp from April 10
Limited-period service drive offers discounts, free checks to beat summer heat
GURUGRAM: Hyundai Motor India Limited has announced a nationwide AC check-up camp, rolling out from April 10 to April 18, as temperatures climb and car cabins begin to feel the heat.
The initiative is designed to keep vehicles cool and customers comfortable, offering a mix of free inspections, discounted services and value-added benefits across Hyundai’s extensive service network in India.
As part of the limited-period campaign, customers can avail a complimentary 30-point vehicle check-up along with a free dry wash. The company is also offering a 15 per cent discount on AC servicing, including gas refills, and similar savings on wheel alignment and balancing. Key AC components such as compressors, condensers and cooling coils will be available at a 10 per cent discount, while value-added services like AC disinfectant treatments and plastic restoration also come with reduced pricing.
The camp will be hosted across authorised Hyundai workshops nationwide, allowing customers easy access to trained technicians, genuine parts and diagnostic support without the usual hassle.
Speaking on the initiative, Hyundai Motor India Limited national service head Nilesh Shah said, “At HMIL, customer satisfaction and convenience remain at the core of our service philosophy. With the onset of summer, we are pleased to introduce our nationwide AC check-up camp to ensure that our customers enjoy a comfortable and hassle-free driving experience. This initiative reflects our commitment to delivering proactive care and enhancing vehicle performance through our strong service network across India.”
With mercury levels on the rise, Hyundai’s timely service push aims to ensure drivers stay cool behind the wheel while also nudging them towards preventive maintenance, a small check today that could save a larger repair tomorrow.
