R-Cap to begin talks with foreign partners for insurance biz

Last Updated: Thursday, March 12, 2015, 21:05

Expecting the passage of Insurance Bill to bring in USD 8-10 billion of foreign capital into the industry, Reliance Capital Thursday said it would soon begin talks with foreign partners for its insurance ventures.

Reliance Cap shares surge over 11%; m-cap climbs Rs 1,186 cr

Last Updated: Thursday, March 12, 2015, 19:47

Shares of Reliance Capital soared over 11 percent, adding Rs 1,185.78 crore to its market valuation, after the company announced completing sale of 2.77 percent stake for Rs 371 crore to Japan's Sumitomo Mitsui Trust Bank.

Japan's Sumitomo Mitsui Trust Bank buys Reliance Capital stake

Last Updated: Thursday, March 12, 2015, 12:29

Preparing for its banking foray, Reliance Capital has completed sale of 2.77 per cent stake for Rs 371 crore to Japan's Sumitomo Mitsui Trust Bank, which would be a strategic partner in the proposed bank.

Nippon Life hikes stake in Reliance MF to 35 percent

Last Updated: Friday, February 27, 2015, 12:34

Japanese financial services giant Nippon Life has completed its acquisition of 9 percent additional stake in Reliance Capital Asset Management (RCAM) for Rs 657 crore, taking its total equity to 35 percent.

Reliance MF says SIP count up 3-times to 50,000 a month

Last Updated: Wednesday, February 18, 2015, 16:28

Showing a strong surge in retail investor interest, top fund house Reliance Mutual Fund has seen the number of its new 'Systematic Investment Plans' grow three-times to 50,000 per month.

Reliance MF gets regulatory approvals for Nippon deal

Last Updated: Wednesday, February 18, 2015, 13:49

Leading mutual fund house Reliance Capital Asset Management (RCAM) today said it has completed the regulatory clearance process for sale of additional stake to Japan's Nippon Life, following approvals of CCI and EPFO.

ICICI Sec PD, RCAMC, HSBC emerge top bidders for EPFO funds

Last Updated: Friday, February 13, 2015, 19:27

Asset management firms ICICI Securities Primary Dealership, Reliance Capital AMC and HSBC AMC have emerged as top bidders for managing the huge corpus of retirement fund body EPFO.

Reliance Capital Q3 net profit rises 28% at Rs 213 crore

Last Updated: Thursday, February 12, 2015, 16:17

The total income for the quarter ended December 2014 rose 11 percent to Rs 2,105 crore.

Reliance Capital Q3 net profit rises 28% at Rs 213 crore

Last Updated: Thursday, February 12, 2015, 15:26

Financial services major, Reliance Capital today reported 28 percent rise in its third quarter net profit at Rs 213 crore on robust growth in insurance and mutual fund businesses.

Nippon-Reliance Capital Asset Management deal gets CCI nod

Last Updated: Monday, February 2, 2015, 18:36

Competition Commission has approved Japanese financial services giant Nippon's proposed deal to hike its stake in India's top fund house Reliance Mutual Fund to 49 percent in multiple tranches.

Reliance MF closed-ended equity fund gets record Rs 1,000 cr

Last Updated: Thursday, January 29, 2015, 14:07

In a record collection of funds, a closed-ended equity fund of Reliance Capital Asset Management has garnered Rs 1,000 crore from investors.

Japanese bank acquires Rs 371 crore stake in Reliance Capital

Last Updated: Friday, January 23, 2015, 16:51

The Japan-based Sumitomo Mitsui Trust Bank (SMTB) has acquired a minority stake in the Anil Ambani-led Reliance Capital Ltd (RCL) -- part of the Reliance Group -- for Rs 371 crore.