assets under management

Reliance Cap concludes stake sale to Nippon Life for $290 mn


August 17th, 2012 - 1:41 pm ICT by IANS
Mumbai, Aug 17 (IANS) Reliance Capital, a part of the Anil Ambani Group, Friday said it has concluded its 26-percent stake sale to Japan's Nippon Life for $290 million, pushing ... Read more...

Posted in Business |

Reliance Life Insurance to hire 5,500 agents on payroll


August 16th, 2012 - 3:38 pm ICT by IANS
Bangkok, Aug 16 (IANS) Reliance Life Insurance Company, a unit of Anil Ambani-led Reliance Capital, plans to hire 5,500 agents on payroll by the end of next month in a ... Read more...

Posted in Business |

Sundaram Mutual needs a partner for products distribution


June 26th, 2012 - 8:17 pm ICT by IANS
Chennai, June 26 (IANS) Sundaram Asset Management Company is looking for a partner to distribute its products. The city-based firm is planning to triple its assets under management (AUM), focusing ... Read more...

Posted in Business |

Nippon Life to invest $290 mn in Reliance Capital arm (Lead)


January 19th, 2012 - 4:24 pm ICT by IANS
Mumbai, Jan 19 (IANS) Anil Ambani-led Reliance Capital Thursday said Japan's largest private life insurer Nippon Life will acquire a 26 percent stake in the group's asset management company for ... Read more...

Posted in Business |

Nippon Life to buy into Reliance Group arm


January 19th, 2012 - 3:31 pm ICT by IANS
Mumbai, Jan 19 (IANS) Anil Ambani-led Reliance Capital Thursday said Japan's Nippon Life will acquire a 26-percent stake in the group's asset management company for $290 million, taking the overall ... Read more...

Posted in Business |

Shriram Housing Finance open for outside equity infusion


August 10th, 2011 - 8:05 pm ICT by IANS
Chennai, Aug 10 (IANS) Shriram Housing Finance Ltd., a financial services outfit of the city-based Shriram Group scheduled to start operations soon, is open for equity participation from investors including ... Read more...

Posted in Business |

Reliance Capital consolidated net profit rises 9 percent


May 30th, 2011 - 7:20 pm ICT by IANS
Mumbai, May 30 (IANS) Reliance Capital, the financial services flagship of the Anil Ambani Group Monday reported a 9 percent increase in consolidated net profit, before provisioning, to Rs.475 crore.The ... Read more...

Posted in Business |

Srei’s 2010-11 net profit up by 15 percent


May 19th, 2011 - 7:50 pm ICT by IANS
Kolkata, May 19 (IANS) Kolkata-based Srei Infrastructure Finance Limited Thursday announced that it posted a profit after tax (PAT) of Rs.179 crore during the last fiscal compared to Rs.156 crore ... Read more...

Posted in Business |

Baring Private Equity invests $90 million in Cethar Vessels


December 30th, 2010 - 4:39 pm ICT by IANS
Chennai, Dec 30 (IANS) The Tiruchirapalli-based Rs.1,046 crore boiler manufacturer Cethar Vessels Ltd has received $90 million from private equity fund Baring Private Equity Partners India for an unspecified percentage stake, a ... Read more...

Posted in Business |

China boasts 3rd-largest population of millionaires in the world


December 3rd, 2010 - 5:34 pm ICT by ANI
New Delhi, Dec 3 (ANI): A survey has found that China has the third-largest population of millionaires in the world, behind the United States and Japan.According to research by the Boston Consulting ... Read more...

Posted in South Asia |

Reliance Capital reports strong growth in core businesses (Second Lead)


November 13th, 2010 - 7:49 pm ICT by IANS
Mumbai, Nov 13 (IANS) Reliance Capital, the financial services arm of the Anil Ambani Group, Saturday reported a 51 percent jump in earnings from major operating businesses for the quarter ended Sep ... Read more...

Posted in Business |

Reliance Capital reports 51 percent jump in earnings (Lead)


November 13th, 2010 - 7:19 pm ICT by IANS
Mumbai, Nov 13 (IANS) Reliance Capital, the financial services arm of Anil Ambani Group, Saturday reported a 51 percent jump in earnings from major operating businesses for the quarter ended Sep 30 ... Read more...

Posted in Business |

Reliance Capital net profit dips 28 percent


November 13th, 2010 - 6:30 pm ICT by IANS
Mumbai, Nov 13 (IANS) Reliance Capital, the financial services arm of the Anil Dhirubhai Ambani Group (ADAG), Saturday reported a 28 percent decrease in net profit for the quarter ended Sep 30 ... Read more...

Posted in Business |

Larsen and Toubro planning Rs.2,000-crore PE fund


October 31st, 2010 - 2:27 pm ICT by IANS
By V. Jagannathan Chennai, Oct 31 (IANS) Engineering and construction group Larsen and Toubro (L&T) is planning to launch a Rs.500-2,000-crore private equity fund as part of a strategy to become a financial ... Read more...

Posted in Business |

Reliance Capital to list insurance arm, enter banking


September 28th, 2010 - 2:41 pm ICT by IANS
Mumbai, Sep 28 (IANS) The Reliance Anil Dhirubhai Group Tuesday said it was looking closely to list its insurance business on stock markets apart from entering the commercial banking industry in the ... Read more...

Posted in Business |

Reliance Life Insurance assets cross Rs.15,000 crore


August 23rd, 2010 - 8:25 pm ICT by IANS
Mumbai, Aug 23 (IANS) Reliance Life Insurance Company (RLIC), part of Anil Ambani-led Reliance Capital, Monday said it has crossed the milestone figure of Rs.15,000 crore in assets under management (AUM) and ... Read more...

Posted in Business |

Mutual funds should come out with simpler products: Bhave


June 23rd, 2010 - 5:55 pm ICT by IANS
Mumbai, June 23 (IANS) India's markets watchdog Wednesday asked mutual funds to come out with simpler, investor-friendly products and said the industry can putforth proposals for a common policy for its ... Read more...

Posted in Business |

Geojit to focus on portfolio management services


June 9th, 2010 - 5:50 pm ICT by IANS
Chennai, June 9 (IANS) Kochi-based financial services company Geojit BNP Paribas Wednesday said it will focus on its portfolio management services (PMS), double the non-resident Indian (NRI) client base and expand the ... Read more...

Posted in Business |

Tishman Speyer opens its first IT park in India


June 1st, 2010 - 4:40 pm ICT by IANS
Hyderabad, June 1 (IANS) Tishman Speyer, one of the world's leading developers of real estate, Tuesday unveiled its first property in Asia, commissioning the first phase of the Waverock IT Park here. The ... Read more...

Posted in Sci-Tech |

Hinduja acquires Belgian private bank for Euro 1.35 billion


May 21st, 2010 - 4:52 pm ICT by IANS
New Delhi, May 21 (IANS) Diversified international conglomerate Hinduja group will buy Luxembourg-based banking and insurance company KBC's private banking arm for Euro 1.35 billion ($1.69 billion), both parties informed in a ... Read more...

Posted in Business |

Special trade at stock exchanges Akshaya Tritiya


May 16th, 2010 - 10:43 pm ICT by ANI
Mumbai, May 16 (ANI): Due to Hindu festival Akshaya Tritiya, considered auspicious for buying gold, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) kept a special window open for ... Read more...

Posted in National |

Hollywood’s Relativity in tie-up for Bollywood arm


May 6th, 2010 - 11:48 am ICT by IANS
Los Angeles, May 6 (IANS) Relativity Media, the producer and financier of such Hollywood films as "Wolfman", "Zombieland", "The Bounty Hunter" and "The Ugly Truth", has tied up with Gujarati-born investor Keyur ... Read more...

Posted in Business |

Manappuram targets Rs.225 crore profit this fiscal


April 23rd, 2010 - 9:19 pm ICT by IANS
Hyderabad, April 23 (IANS) India's only listed and highest credit rated gold loan company, Manappuram General Finance and Leasing Limited (MAGFIL), has set a target of recording over 100 percent growth in ... Read more...

Posted in Business |

Ian Lancaster joins as CEO of Reliance Capital in Malaysia


January 25th, 2010 - 10:59 pm ICT by IANS
Mumbai, Jan 25 (IANS) Reliance Capital Asset Management Monday announced Ian Lancaster as the CEO of its fully-owned subsidiary -- Reliance Asset Management (Management) Sdn Bhd. Reliance Capital AMC is the investment ... Read more...

Posted in Business |

China’s millionaires to cross 450,000 mark


November 20th, 2009 - 1:25 pm ICT by IANS
Beijing, Nov 20 (IANS) The personal wealth of the rich in China has continued to expand despite the global economic downturn, and a new study says their number could cross 450,000 by ... Read more...

Posted in Business |

Chola DBS sells mutual fund business to L&T Finance


September 25th, 2009 - 10:32 pm ICT by IANS
Chennai, Sep 25 (IANS) City-based Cholamandalam DBS Finance, a non-banking finance company, has decided sell its mutual fund subsidiary Cholamandalam Asset Management to L&T Finance for Rs.45 crore. "We ... Read more...

Posted in Business |

Private mutual funds corner market, edge out state-run firms


July 1st, 2009 - 7:01 pm ICT by IANS
New Delhi, July 1 (IANS) Private sector mutual funds are likely to outperform state-owned funds for the sixth consecutive year, accounting for over 78 percent of the mutual fund market till May ... Read more...

Posted in Business |

Mutual funds should increase retail participation: Regulator


June 17th, 2009 - 8:06 pm ICT by IANS
Mumbai, June 17 (IANS) Mutual funds should look at increasing their assets under management (AUM) from retail investors given the huge redemption pressures faced by some funds last year, the market ... Read more...

Posted in Business |

Birla Sun Life Insurance crosses the landmark of Rs. 10,000 crore of AUM in April’09


April 29th, 2009 - 3:48 pm ICT by Sampurn Wire
Registers 41% y-o-y growth and sets new benchmarksMumbai, April 29, 2009: Birla Sun Life Insurance, one of India's leading life insurance companies, has set a new milestone, by crossing the landmark figure ... Read more...

Posted in Entertainment |

Geojit launches online trading in currency derivatives


March 20th, 2009 - 8:18 pm ICT by IANS
Kochi, March 20 (IANS) City-based Geojit Financial Services Ltd Friday launched internet trading in currency derivatives. BNP Paribas Personal Investors deputy chief executive Vincent Lecomte opened the trading at a function here."We are ... Read more...

Posted in Business |

Max New York Life crosses over Rs. 3,000 Crore in collected premium


November 25th, 2008 - 9:04 pm ICT by ANI
New Delhi, Nov 25 (ANI/Business Wire India): Max New York Life Insurance, one of the leading life insurance companies of India, today announced that it has crossed Rs. 3,000 crore in ... Read more...

Posted in National |

Worlds largest corporations seek clarity on climate change regulation


September 22nd, 2008 - 1:53 pm ICT by ANI
Washington, September 22 (ANI): The senior management of the worlds largest corporations have called for greater visibility on climate change related policy in order to better anticipate the impact of regulation ... Read more...

Posted in National |

Fidelity launches its first Fixed Maturity Plan


August 18th, 2008 - 5:42 pm ICT by ANI
Mumbai, Aug 18 (ANI/Business Wire India): Asset Management Company, the Indian arm of Fidelity International, today announced the launch of its first Fixed Maturity Plan (FMP), the Fidelity Fixed Maturity, Series ... Read more...

Posted in Health Science |

Magma Shrachi posts 58 percent jump in revenue


July 22nd, 2008 - 9:06 pm ICT by IANS
Kolkata, July 22 (IANS) Retail asset finance company Magma Shrachi Finance Ltd reported Rs.1.38 billion ($32.8 million) total revenue for the first quarter of the current fiscal against Rs.874 million over the ... Read more...

Posted in Business |

BoB to offer wealth management services in Gulf


July 4th, 2008 - 8:05 pm ICT by IANS
Dubai, July 4 (IANS) Indian public sector Bank of Baroda (BoB) has announced that it would be offering wealth management services in the United Arab Emirates (UAE), and its joining hands with ... Read more...

Posted in World |

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