5 Indian MF houses get ready to start business

The mutual fund industry has started attracting new players after the rebound in the stock markets. Motilal Oswal, ASK Investment Holding, Axis Bank, Indiabulls, Mahindra and Mahindra Financial......

IDBI Bank to seek MF licence from Sebi

After getting the go-ahead from the Reserve Bank of India (RBI), IDBI Bank is all set to apply to the Securities and Exchange Board of India (Sebi) for a mutual fund licence.According to sources,......

IDFC buys StanChart AMC for $205 million

Infrastructure Development Finance Company has bagged Standard Chartered's asset management business in India for a total consideration of $205 million (around Rs 820 crore) in an all-cash deal.......

StanChart AMC's valuation soars

The Reserve Bank of India's (RBI) denial of permission to Swiss bank UBS to acquire Standard Chartered Asset Management Company has come as a blessing in disguise for Standard Chartered Bank. The......