Mutual fund houses are bullish on the financial sector, notwithstanding the recent beating at the stock market. Fund houses like Kotak Mahindra AMC, Sundaram BNP Paribas & LIC Mutual Fund have drawn up plans to introduce products aimed at the financial services sector. Bank stocks for long had been one of the favourite picks for many fund managers. There was a slowdown in valuations of financial sector stocks but Indian corporate entities still continue to remain attractive.
India's premier bourse Bombay Stock Exchange is awaiting market regulator Sebi's nod for offloading 51 per cent stake, in which the likes of Nasdaq and NYSE have shown interest.
Nimesh Kampani, chairman of the JM Financial group, talks to Business Standard on what led to the parting of ways with decade-old foreign partner Morgan Stanley.
The slowdown in retail asset growth and competitive pressure have forced banks to reduce rates on retail loans. After HDFC reducing floating home loan rates by 50 basis point, it is now the turn of Axis Bank, which has reduced its floating home loan rates by 50 basis points.
The total wealth of the ultra HNIs, or those with a networth of over Rs 25 cr, grew by five per cent to Rs 1.35 lakh cr.
Kotak Mahindra Bank on Monday launched its online remittance service - FundstoHome - for non-resident Indians.
The real estate space has been buzzing quite a bit of late. Especially after Parsvanath's IPO and the possibility of DLF coming into the market, at current valuations, is this the time to buy into this space?
India has the third highest number of billionaires in the world after the US and China, according to a new list by the prestigious Forbes magazine, which said Reliance Industries chairman Mukesh Ambani reclaimed his spot as Asia's richest person, dethroning Chinese business tycoon Jack Ma who was the richest person in the region a year ago.
Investors must keep in mind that the bank has significant room for improvement, which could justify its aggressive valuations of Rs 275.
Overall, the positives in favour of ONGC seem to outweigh the negatives from a long-term perspective.
The Art of Living Foundation would hold the Second International Summit on Corporate Culture and Spirituality from November 19 to 21 at its headquarters in Bangalore.
The housing finance major issued non-convertible debentures and warrants to raise another Rs 4,000.03 crore.
Citigroup, a global financial major, has appointed Ajay Sondhi as managing director and head of its global wealth management for the Indian subcontinent.
The All India Bank Officers Association (AIBOA) on Monday said it has launched a wing to deal with issues faced by those working for private sector lenders.
Riding on a stock market boom since 2009, India Inc's chief executives have been able to salvage a lot of lost pride in their second innings.
From offering office premises that can be converted into isolation wards to earmarking funds to be used for procuring kits, ventilators as well as personal protective equipment for health care workers, India Inc has put a united front to combat the unprecedented crisis facing the country.
TCS tops the list of 100 wealth creators for the fourth time in a row
Lead managers to the ensuing public issue of Oil and Natural Gas Corporation have agreed not to charge any commission on participatory notes aimed at attracting large foreign investors as part of its underwriting agreement.
Donald Trump, accompanied by US First Lady Melania Trump, was received by Kovind at the forecourt of majestic Rashtrapati Bhavan along with his wife Savita.
Kotak Mahindra Bank is aiming to mop up Rs 500 crore (Rs 5 billion) through its private equity fund, which will invest primarily in unlisted companies, and another Rs 450-500 crore from the real estate venture fund.
Bandhan Bank has filed a draft red herring prospectus with Sebi for an IPO of up to 119 million equity shares, with face value of Rs 10 each.
The reserves rose to $501.70 billion helped by a whopping rise in foreign currency assets, the latest data from the Reserve Bank of India.
HT Media Ltd, which is planning to launch a Mumbai edition of Hindustan Times in mid-2005, filed a draft red herring prospectus for its proposed initial public offering with Securities and Exchange Board of India.
The company's IPO -- the first by a private bank in a decade -- was oversubscribed a staggering 69.62 times.
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