Indiabulls to enter MF biz

Indiabulls Financial Services Ltd on Friday said it has received approval from the Securities and Exchange Board of India to start mutual fund operations. The company is in the process of setting......

Why Indiabulls is ready to exit real estate business

Chennai-based Lakshmi Vilas Bank is set to merge with Indiabulls Housing Finance in a share-swap deal, RBI may not be comfortable with a bank owner having realty business under its wings.......

HSBC's AMC acquires L&T Mutual Fund business for $425 million

L&T Housing Finance on Thursday announced selling L&T Investment Management (LTIM) to HSBC Asset Management (India) at $425 million. LTIM is the investment manager of the mutual fund business of......

Indiabulls-LVB merger: It's a clear no from Mint Road

Last month, the bank was placed under Prompt Corrective Action due to high level of bad loans, lack of sufficient capital to manage risks and negative return on assets for two consecutive years.......