Kotak

According to Kotak Institutional Equities' Internet Monthly report, 'E-commerce story - bumps in the road', a tightening funding environment has prompted stricter evaluation of business models.

Bharti Airtel would apply to the Reserve Bank of India for a licence and Kotak Mahindra Bank will acquire 19.90 per cent stake in it.

Luxury buyers stay immune to droopy Indian economy, continue buying.