Private-sector lender Federal Bank on Friday announced that New York-based Blackstone will invest Rs 6,196.51 crore in the bank through its affiliate Asia II Topco XIII Pte Ltd via a preferential......
But selectively, with regulatory scrutiny and special approval, points out Tamal Bandyopadhyay. Illustration: Dominic Xavier/Rediff In September 2006, the Union government had put the Satara......
IDFC is merging its Portfolio Management Services business with the newly-acquired Standard Chartered Mutual Fund to sell MF products targeting high net worth individuals. "At present, we have......
Exodus of top managers an unintended side effect of roaring MF industry Illustration: Uttam Ghosh/Rediff.com The mutual fund (MF) industry has never had it better. Assets are growing at a......
Lender for big-ticket projects IDFC, which has won a banking licence, was set up in 1997 as a specialised lender to long-gestation infrastructure projects. IDFC has, over the years,......