News reports have suggested that IndiaBulls Financial Services has received RBI approval to hold up to 74% in the proposed Life Insurance venture of the company. IndiaBulls has entered into a joint venture with French company Sogecap. Sogecap is the life insurance arm of French company Societe Generale.
The financial services arm of the Aditya Birla Group is reportedly putting into motion a plan to create a full -fledged subsidiary totally involved in the financial services business. As of now the financial services businesses of the group have to function alongside the other varied and non-related businesses like Apparel, Telecom and even agricultural… Read More »
Assume there are two companies A and B, operating in the same sector. If PE of A is 30 and PE of B is 22, then B is considered to be a better buy, as the market price has not gone up to reveal the earnings prospect of the company. But A is considered to… Read More »
The Chairman of Central Bank of India has indicated that his bank expects to see its home loan portfolio to grow by over 25% in the current fiscal. At present home loans contribute around 8000 crore to the 92000 crore loan book that the bank holds. This works out to around 8.6% share for home… Read More »
A new trade finance service named “Doorstep Trade Service” has been launched by DHL Express India in tie up with Standard Chartered Bank and Williams Lea. DHL Express is a leading logistics and courier service provider, Williams Lea is a BPO specializing in Corporate Information Solutions.
News reports have indicated that the Insurance market is set to provide more choices with 7 new products coming from the stables of Future Generali India Life insurance Company.
There would be limits to ease of access to any bank’s ATM from Thursday as third-party ATM usage would carry a cap on the withdrawal amount and on the number of transactions each month. From Oct 15th, a maximum of 5 transactions only will be allowed at ATM’s of banks where one is not an… Read More »
Bharti AXA General is a joint venture between Bharti Enterprises and AXA Group. Bharti has a 74 per cent stake in this JV and the rest 26 per cent is with AXA. Currently, the company has over 40 branch offices across the country, and plans to expand to 70 branches by the end of 2009.
UK-based lender Standard Chartered Plc was in the process of finalising the size and time of its Indian Depository Receipt (IDR) issue, after having secured the approval of the RBI, sources said.
A top bank executive of Punjab National Bank has said that the bank is scouting for acquisition of a bank in Kazakhstan as part of its plans to expand its presence. Punjab National Bank Executive Director Nagesh Pydah addressing reporters in Chennai said, “There are lot of opportunities (in Kazakhstan). A high level delegation has… Read More »