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Preview: Finance-Banking/Finance-News By Industry-News-The Economic Times

Finance-Banking/Finance-Industry-The Economic Times

The Economic Times: Latest business, finance, markets, stocks, company news from India.

Last Build Date: Thu, 20 Oct 2016 21:48:36 GMT

Copyright: Copyright:(C)2016 Bennett Coleman & Co. Ltd,

New India Assurance gets Rs 1,430 crore relief from Irda

Thu, 20 Oct 2016 13:56:02 GMT

(image) The company had bought marine cargo transit cover from New India Assurance, under Open Marine Cargo for Rs 1,430 cr for the period June 2012 to June 2013.

Question merger of Aditya Birla's financial services arm with Grasim: IiAS

Thu, 20 Oct 2016 13:36:29 GMT

(image) Aditya Birla group contended that housing the group’s financial services business within Grasim would help it leverage a stronger balance sheet.

Edelweiss AMC appoints Dhawal Dalal as CIO -- Fixed Income

Thu, 20 Oct 2016 10:30:00 GMT

(image) Vikaas M Sachdeva, CEO, Edelweiss AMC said, “We welcome Dhawal on board and are confident that he will play a key role in the continued growth of Edelweiss AMC.

PPP model needs to develop to boost infra investment: Moody's

Thu, 20 Oct 2016 06:02:15 GMT

(image) Moody's said adjustments to the PPP framework to align it more with more mature markets globally could help attract new private investment.

TVS Logistics Services to sell stake to Caisse de dépôt et placement du Québec

Wed, 19 Oct 2016 16:43:39 GMT

(image) CDPQ is ready to commit significant additional capital to finance transformative acquisitions and support the expansion of TVS LSL,

Ujjivan investors pare stake to comply with foreign holding rule

Wed, 19 Oct 2016 14:21:21 GMT

(image) Ujjivan, which is transforming itself into a small finance bank, has remained silent about the development, with Samit Ghosh, its MD, refusing to comment.

Canada's CDPQ to buy Rs 1,000 crore worth stake in TVS Logistics

Wed, 19 Oct 2016 12:19:20 GMT

(image) Under the agreement, CDPQ will invest over Rs 1,000 crore to acquire a sizeable minority stake in TVS LSL, a privately held subsidiary of the TVS Group, a joint statement said.

Life Insurers report 20% rise in annualized premium equivalent in H1 '17

Tue, 18 Oct 2016 12:42:21 GMT

(image) Reliance Life continues to go slow where individual APE was down 33% in April-September due to the shift to traditional policies.

Lok Capital-led fund invests $3.5 million in Ummeed Housing Finance

Mon, 17 Oct 2016 10:40:20 GMT

(image) "This is the maiden investment from Lok's third fund. Duane Park is a co-investor in this investment round," Lok Capital said in a statement.

IFCI slashes lending rate by 0.8 per cent

Mon, 17 Oct 2016 08:30:49 GMT

(image) The 6-member Monetary Policy Committee, which has three members nominated by the government and the rest from the Reserve Bank.

Life Insurers' new business premium up 61% at Rs 16,767 cr in September

Sun, 16 Oct 2016 06:42:48 GMT

(image) Among the private life insurance companies, SBI Life's new business premium in September more than doubled to Rs 1,279.05 crore from Rs 549.41 crore a year ago.

Russia plans $1 billion India joint fund, to pump $500 million in NIIF

Sat, 15 Oct 2016 05:00:47 GMT

(image) The Russian Direct Investment Fund (RDIF) will invest $500 million into the joint fund, which will support attractive investment opportunities and growth.

USAID, Finance Ministry bring Catalyst for digital payments in India

Fri, 14 Oct 2016 14:01:46 GMT

(image) "The goal is to take one city and increase the digital payments 10x in six to 12 months," said Maluick.

REIT listing on mind, private equity firms look to invest in malls

Fri, 14 Oct 2016 05:42:09 GMT

(image) Apart from listing through REITs, large funds are also diversifying into retail due to shortage of good quality office space in top cities.

Argand Partners acquires Sigma Electric from Goldman, others

Fri, 14 Oct 2016 03:15:14 GMT

(image) Founded by Sajjan Agarwal in 1982, Sigma Electric caters to customers in the North American and European markets through exports from its Indian plants.