Deepak Satwalekar, managing director and CEO, HDFC Standard Life Insurance, confirmed that the company would be hitting the capital market very soon. Satwalekar said that the company was planning an IPO and its nitty gritty was yet to be sorted out.
According to the bankers in Gujarat, a larger number of small investors had applied for initial public offering (IPO) subscription that has washed away approximately Rs 300-400 crore from entire Gujarat's banking system in just one week.
National Housing Bank, the refinancing and regulatory authority of housing finance companies in India, is of the opinion that reverse mortgage would fall under the tax bracket unless the government clarifies on exempting reverse mortgage.
Insurance officials say that diamond traders this year are well prepared to face the floods, with most of them opting for insurance cover.
The Ahmedabad-based Sintex Industries, which manufactures plastics and textiles, will acquire an European company for euro 40 million before March end.
India's biotechnology major Biocon Ltd, is all set to make its way to Pakistan's pharmaceutical market by 2008 with its oncology drug BIOMAb EGFR.
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