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 L&T. The divestment of the mutual fund business is in line with the strategic objective of L&T Finance Holdings of unlocking value from its subsidiaries to strengthen its balance sheet, it stated in a press release. The data from the Association of Mutual Funds in India (Amfi) shows L&T Mutual Fund (MF) has average assets under management (AAUM) worth Rs 78,273.80 crore, while HSBC MF has AAUM of Rs 11,314.32 crore as in the July-September quarter.
Systematic investment plans not only generate good returns by tiding over short-term volatility, they can also be a good tax-saving instrument.
Mutual funds aspirants have the option of snapping up smaller AMCs or applying for a new licence.
New-generation Yes Bank is in talks with Asian Development Bank for Rs 100 crore (Rs 1 billion) debt.
The Indian Navy on Monday unveiled a 15-year plan to boost maritime infrastructure even as Chief of Naval Staff Admiral R Hari Kumar said the force is working with the Army and the IAF to ensure tri-services jointness and integration to meet future challenges.
In a post on X, Modi said, "Happy to have welcomed @POTUS @JoeBiden to 7, Lok Kalyan Marg. Our meeting was very productive."
Ajit Mishra answers reader queries on the stock market.
Most of the funds have not signed any deals in the past few months as realty prices fell sharply and economic slowdown deepened across the world, which slowed the flow of funds significantly. Red Fort plans to deploy Rs 150 crore (Rs 1.5 billion) in the current quarter and is in talks with a Mumbai developer. But Bedi says finance is a big issue now as most of the projects have been delayed or are yet to take off.
'Some risks to this market rally include inflation, erratic weather conditions, rising crude prices, slowing global growth and the resultant impact on domestic exports, escalation in geopolitical tensions.'
NITI Aayog has not said what the reasons were for having achieved or not having achieved what was sought to be achieved, or what lessons can be learned for the future, points out Aakar Patel.
According to sources, Chambers has led the $5-million funding round via his investment firm JC2 Ventures
The Securities and Exchange Board of India (Sebi) has proposed stricter disclosure norms for certain foreign portfolio investors (FPIs) to bring in more transparency and trust against the backdrop of the Adani-Hindenburg Research saga. Under the new norms, FPIs with an exposure of more than 50 per cent to a single group or with assets of over Rs 25,000 crore will be tagged as 'high risk' and will be required to provide additional information such as full identification of their ownership, economic interests, and control rights. A failure to provide these disclosures will lead to invalidation of the FPI registration.
This is the first investment in Asia from the Chan Zuckerberg Initiative, which was founded by Zuckerberg and his wife Priscilla Chan
Amit Mathur, a resident of Shrewsbury in Massachusetts, was sentenced on May 12 by the Federal District Court in Worcester following his conviction on 18 counts of mail fraud and two counts of wire fraud, the Boston Office of the Federal Bureau of Investigation said.
If you opt for a term-life cover, buy separate policies to cover the loan for all the co-borrowers in a home loan for a sum assured equal to the home loan amount.
The market regulator decided to set up an investor protection fund. It also approved delisting guidelines, regulation of investment advisors and the consent order scheme.
In an online chat with Get Ahead readers on August 26, Sanjay Tripathy, senior executive vice president, marketing, product, digital and e-commerce, HDFC Life, answered their queries on ULIPs.
Sabse has several patents in the arena of call-control and switching of calls.
India should revamp its bureaucracy and speed up decision-making process if it has to attain an annual growth rate of 12-15 per cent per annum, global investment advisor, Marc Faber, said on Wednesday.
Mitsubishi Corporation of Japan is considering investments in India's infrastructure sector including power, ports and airports.
About 55 per cent of the public offers that hit the market since 2008 are still trading below their issue price.
By diversifying into developed market equities, Indian investors can mitigate the impact of cyclicality in returns as well as reduce currency risk, experts tell Sanjay Kumar Singh.
Commenting on markets, Sanjay Lodha, Senior Investment Advisor of Pictet Asia Private Banking states that Pictet Asia is bullish on infrastructure, FMCG and banking.
Continuing his investment spree in India's hot start-ups, Ratan Tata on Friday invested in Kyazoonga.
'Which fund manager in the world will put money into a company that hasn't filed its annual account?'
The Planning Commission has projected that investment in infrastructure would almost double at $1025 billion in the 12th Plan, compared to $514 billion in the 11th Plan.
A leading global investment advisor has warned that the commodity market bubble could burst at some stage and prices will tumble.
The six-member government-appointed board of scandal-hit Satyam Computer Services today appointed investment banks Goldman Sachs and Avendus to explore various strategic options for the company, which include identifying strategic investors and obtaining expressions of interest from them in a fair and transparent manner.
Anybody who is saying that in five years the Sensex will go to 60,000 is only saying that in the next five, years the Sensex will generate a CAGR of around 19 per cent, says U R Bhat, managing director of Dalton Capital Advisors.
Most politicians and even non-politicians have been honoured because of what they were purported to be electorally worth for the ruling party of their time, argues N Sathiya Moorthy.
Retail investors can make money from open offers, if they are well informed about the companies and time their transactions. A look at existing and upcoming opportunities.
The deal, as well as some other strategic and financial investments in works, will help Ambani cut debt at RIL.
'If you wish to make a big-ticket purchase on EMI without having to pay additional charges, no-cost EMI would be the right choice for you.'
Costs on real estate construction are seeing stability.
Because they have become too big and pervasive and the time to regulate is long gone, points out Debashis Basu.
Since infrastructure projects have long gestation periods, investors need to enter them with a long horizon of at least 10 years.
A careful reading of the national income accounts suggests that after a strong recovery from the pandemic, there has been a significant ebbing of dynamism over the last three quarters to more modest levels recently, note Arvind Subramanian and Josh Felman.
Financial advisors say, not to get carried away by stocks that promise high returns in short time.
Russian energy giant Rosneft has appointed a former Indian Oil Corporation (IOC) director to its board in signs it may be looking at boosting trade links with India. G K Satish, who retired as director for business development at IOC in 2021, is one of the three new faces appointed to the 11-strong board of directors of Rosneft, according to a statement issued by the Russian firm. Satish, 62, is the first Indian to be appointed to the board of Rosneft.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances