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Centre likely to probe allegations against HSBC

 The government is likely to conduct a through inquiry into allegations that multinational organisation HSBC Bank was involved in money laundering operations that may have helped terror groups......

Multi-agency group to probe Indian names in 'Pandora Papers'

 The government will investigate every Indian name appearing in an unprecedented leak of financial records, known as the 'Pandora Papers', which alleged that many world leaders have secret offshore......

Sebi cracks down on new funds, asset managers chafe

 When Franklin Templeton's India unit wanted to launch a mutual fund that would switch allocation among stocks, bonds, gold and money markets, the Securities and Exchange Board of India baulked,......

Bankers pitch for a National Asset Management Co

 Concerned over rising bad loans, heads of banks and financial institutions on Tuesday suggested creation of National Asset Management Company which could act as a nodal agency to deal with the......

HSBC's AMC acquires L&T Mutual Fund business for $425 million

 L&T Housing Finance on Thursday announced selling L&T Investment Management (LTIM) to HSBC Asset Management (India) at $425 million. LTIM is the investment manager of the mutual fund business of......

Technology stocks are back on fund managers' radar

 Mutual funds (MFs) have lined up information technology (IT) funds, indicating that technology stocks are back on fund managers’ radar after a hiatus. Over the past 18 months, stock prices......

Why Foreign Financial Firms Quit India

 There was no smooth surge in middle class prosperity for foreign businesses to tap into because of the Indian economy was mismanaged, argues Debashis Basu. Photograph: Nick Zieminski/Reuters Among......

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