UTI Venture Funds, part of India's largest mutual fund, plans to nearly double investments in 2003 to around $20-$25 million, with a special focus on the fast growing back-office services and life sciences sectors.
ICICI Prudential Asset Management Company has set a price band of Rs 2,061- Rs 2,165 per share for its Rs 10,600-crore initial public offering (IPO) that will open on Friday. At the upper end of the band, the country's largest asset manager will command a valuation of Rs 1.07 trillion.
Dr Rituja Ugalmugle, internal medicine specialist, Wockhardt Hospitals, lists the remedies to prevent and fight summer related ailments.
UTI Venture Funds and TDA Capital Partners have invested $2.3 million for a minority stake in RevIT Systems Private Limited and its subsidiary, Sherpa Business Solutions, a healthcare and publishing BPO company, based in Chennai.
Newly-formed Ascent Capital, which is a separate investment entity carved out of UTI Ventures, recently raised $350 million (Rs 1,575 crore) for its first fund.
The IPO is an offer for sale of 38 million shares by SBI, BOB, LIC, PNB and T Rowe Price. Barring T Rowe and PNB, the others are selling stake to comply with Sebi norms.
The joint venture of Jio Financial Services and BlackRock to foray into India's asset management space could be disruptive but not disastrous for incumbent industry players, analysts said on Thursday. As an investment strategy, analysts suggest investors stay put in shares of those AMCs that consistently improve business metrics, and where market capitalisation-to-asset under management (AUM) valuation is not stretched. However, growth expectations of incumbent players may get trimmed in the medium-to-long term, analysts said, once the Jio-BlackRock JV unveils its plans, discounting the looming challenge as significant enough to dent their profitability.
This is a good opportunity for long-term investors to pick quality small and midcap stocks at reasonable valuations.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
International Finance Corporation, the private equity venture of the World Bank Group, DEG, one of the largest European development finance institutions, are eyeing a stake in State Industrial Corporation of Maharashtra.
The time is ripe for a merger of eight fund houses indirectly owned and controlled by the central government, says N Sundaresha Subramanian.
Olympus Capital, UTI's PE arm to fund Rs 400 crore.
Following the AMFI approval, these entities would be given the clearance by CDSL Ventures Ltd, the nodal agency for MIN issuances.
NYSE-listed Diebold Inc on Wednesday announced acquisition of 50 per cent stake in its India arm Diebold HMA Pvt Ltd from HMA Data Systems Pvt Ltd.
The government on Thursday cleared 40 foreign direct investment proposals worth Rs 501.14 crore (Rs 5.01 billion), including Rs 323.42 crore (Rs 3.23 billion) investment by Swiss major Campagnie Michelin.
In 5 years, the AMC has clocked a growth rate of 40% with its AUM up nearly 4 times.
A customer wanting to buy a car would have to wait a long time for delivery.
These transactions have come for shareholders approval because of requirements under the new companies law and amended listing agreements.
'We have great demographics, and are the fastest growing large economy. And we save.' 'All of which is great for financial services,' Aditya Birla Capital CEO Ajay Srinivasan tells Niraj Bhatt.
Removal of mark-ups to be paid by Maruti, other changes could raise funding need to Rs 6,000 crore.
'People in Pakistan opened their homes and hearts to me because I was an Indian. I didn't feel alien at all and I felt as if I was in my own country.' 'I believe that there is a strong chance that the Taliban can win over Pakistan. In an era of ideological confusion these people (Taliban) thrive.' 'The Pakistani State is an enemy state not just for India but for Pakistan itself. By funding non-state actors, the Pakistani government is destroying itself.' Film-maker Hemal Trevedi speaks on her experiences when filming a documentary on Pakistani madrasas
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