Sebi on Friday imposed a penalty of Rs 50 lakh on Kotak Mahindra Asset Management Company (AMC) and barred the fund house from launching new fixed maturity plan (FMP) scheme for six months for......
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......
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......
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......
Mint Road's proposals on banks' M&A funding are cautious even as entrants root for more elbow room, and weigh business models. Illustration: Uttam Ghosh/Rediff Ask Debadatta Chand about his plans......