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......
Highest-ever collection via this route; Rs 3,136-crore IPO opens todayInterGlobe Aviation, the company that operates the country’s most-profitable airline, IndiGo, raised Rs 832 crore (Rs......
Fighting all adversities and a tougher regulatory regime, mutual funds are headed for a cash-rich 2014 with an estimated addition of about Rs three lakh crore (Rs 3 trillion) to its asset base to......
Equity fund managers are on a stock-buying spree. Ahead of the Union Budget, in June, net investment in shares by mutual funds stood at Rs 2,763 crore (Rs 27.63 billion), the most since June 2008.......
The Allianz Group, the German financial services powerhouse, is planning to foray into the booming asset management business in India, after reaching an agreement with the Delhi-based Allianz......