Reliance Life Insurance Company, India’s largest in terms of policies sold, intends to sell strategic equity to a commercial bank and hopes to soon conclude a 26-percent equity sale to Japan’s Nippon Life for $680 million. “Life insurance is a highly distribution-oriented business and ‘bankassurance’ — which combines the strengths of a commercial bank and an...
Mumbai, February 22, 2010: Funds managed and advised by Motilal Oswal Private Equity Advisors Private Limited (“MOPE”), has invested Rs. 400 million in Minda Industries Ltd (“Minda/ company”), a leading Auto Component player in the country. Started in 1957 as a meter manufacturer, Minda is mainly engaged in the designing, developing and manufacturing of Switches and Lighting for 2/3/4 wheelers...
New Product offers unlimited trading and margin trading to new customers for Rs. 6000 Product aimed at aggressive investors and regular traders, valid for three months First product in the industry offering unlimited trading option on flat fee
Mumbai, January 13, 2010: Birla Sun Life Insurance Company (BSLI), one amongst India’s leading life insurance companies, has achieved a new milestone, by crossing the figure of Rs. 15,000 crore in its Assets Under Management (AUM) in January 2010. This closely follows the 10,000 crore AUM mark that was achieved by BSLI recently in April 2009. Commenting on the occasion, Mr. Vikram Kotak, Chief...
Some of the first set of investors felicitated by Mr. Kumar Mangalam Birla Mumbai, January 7 2009: Birla Sun Life Mutual Fund (BSLMF) one of the leading Mutual Fund houses in India, is celebrating completion of 15 years. Since its inception, the fund house has registered impressive growth in terms of business (asset under management) and has offered funds to its investors that have created wealth...
Monday 4 January 2009: Motilal Oswal Financial Services (through its subsidiary Motilal Oswal Securities Ltd.) received the final certificate of registration approval from Securities and Exchange Board of India (SEBI) to set up a mutual fund business in the country. Commenting on this development, Dr. PJ Nayak, Chairman, Motilal Oswal Asset Management Company Ltd said, “We are delighted to get...