Canadian firm Manulife and Mahindra & Mahindra (M&M), an Indian automaker with interests in financial services, have signed an agreement to form a 50:50 life insurance joint venture (JV) with a......
Shares of asset management companies (AMCs) have rallied in the last 3-4 sessions due to clarity on regulatory changes in total expense ratios (TER) and expectations that it won’t upset......
Concerned over rising bad loans, heads of banks and financial institutions on Tuesday suggested creation of National Asset Management Company which could act as a nodal agency to deal with the......
The competitive intensity in the mutual fund (MF) industry is moving beyond scheme performance, cost structures, and distribution. Illustration: Dominic Xavier/Rediff In recent months, several......
Equity benchmark indices Sensex and Nifty bounced back to end with remarkable gains despite starting on a weak note on Tuesday driven by a buying rush in services and telecom shares amid optimism......