The day-long forum held in Mumbai is being jointly organised by the Securities and Exchange Board of India and Securities Commission of Malaysia. Meanwhile, Sebi chairman C B Bhave in his inaugural address said, "Both Securities Exchange Board of India and Securities Commision, Malaysia, can promote linkage between our financial sectors, capital markets and cross-border investment participation."
The planned deal will reduce Reliance Capital's stake in Reliance Life Insurance to 51 per cent from 74 per cent.
Reliance Capital on Wednesday said it has got approval from the Indian market regulator Sebi and the Monetary Authority of Singapore (MAS) for Rs 1,450-crore (Rs 14.5 billion) stake sale in its mutual fund business unit to Japan's Nippon Life.
Sources said that the Malaysian prime minister invited Ambani to invest in sectors like power, media and financial businesses.
Reliance gold scheme does not require demat account.
Reliance Capital Asset Management, controlled by Anil Ambani, has sold a 5 per cent stake to Eton Park Capital Management in a deal that for the first time puts a value on India's largest mutual fund.
India's mutual fund industry is one of the brightest spots in an already fast-growing domestic financial sector.
The Sensex ended up 48 points at 28,386 and the Nifty gained 13 points to close at 8,476.
Reliance Capital Asset Management Company (RCAM) and ICICI Securities Primary Dealership have been selected to manage Rs 60,000 crore (Rs 600 billion) provident fund corpus of coal industry workers.
Anmol, who has a degree from Warwick Business School in the UK, has also been visiting branches and meeting employees across businesses in different regions to get exposure and detailed understanding of businesses at grass-root level in the past two years
As Prime Minister Narendra Modi visits US, fund managers from India and abroad expect improving sentiments and impressive returns from Indian markets to help attract billions of dollars flowing into the country's asset management industry.
The Prime Minister's visit to Japan reinforces the strategic focus of global partnership between India and Japan.
Since you are betting only on a few stocks, the risks are high.
The decision includes suspension of sale of gold coins and other physical forms of the yellow metal, as also as an investment product across all its businesses and subsidiaries, Reliance Capital said in a statement.
In last few years, a number of global players have exited the Indian mutual fund business.
The Anmol effect: R-Cap shares jump 40% since junior Ambani joined the board
While the number of international MF schemes is increasing, so is the confusion for investors.
The KYC parameters now include declaration of the gross annual income or net worth.
The new executive director of Reliance Capital has big shoes to fill in every way.
Theoretically, there is an inverse relationship, but other factors need to fall in place for it to work well this time
The market players are expected to react to the better than expected factory output data for the month of August, which revealed that the industrial production grew by 6.4%.
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