Nomura to buy 35% in LIC Mutual Fund

Japan's Nomura Group is set to acquire 35 per cent in LIC Mutual Fund, India's seventh largest mutual fund, after the board of directors of Life Insurance Corporation approved a proposal to induct......

4 banks in fray for UTI MF pie

Four regionally strong banks -- Bank of India, Corporation Bank, Allahabad Bank and Oriental Bank of Commerce -- are in the fray to buy out sponsor's stake in UTI Mutual Fund that manages assets......

US-64 assets to be sold in due course

The government would liquidate the assets of US-64 "in due course" to get maximum value, U K Sinha, joint secretary in charge of capital markets in the finance ministry, said in Mumbai. However, he......

Govt bifurcates Unit Trust of India

The govenrmenton WednesdaybifurcatedUnit Trust of India by handing over the net asset value-based UTI-II to State bank of India, Punjab National Bank, Bank of Baroda and Life Insurance......