6 qualify in initial bids to manage EPFO funds; Axis AMC out

Last Updated: Friday, January 9, 2015, 20:08

Six fund managers, including HSBC AMC, ICICI Prudential, Reliance Capital AMC and UTI AMC, have qualified in initial bids for managing EPFO funds for a three-year term beginning April 1.

Reliance Cap expects turnaround in insurance biz in 2015

Last Updated: Sunday, January 4, 2015, 13:33

Confident about further growth in its mutual fund and securities market businesses, financial sector conglomerate Reliance Capital expects a turnaround in its life insurance business as well in 2015.

Sumitomo Mitsui may take up to 10% stake in Reliance Bank

Last Updated: Sunday, December 28, 2014, 15:19

As it awaits final RBI guidelines to apply for a universal banking license, Reliance Capital will consider giving up to 10 percent stake to its newly-signed strategic partner Sumitomo Mitsui Trust Bank of Japan in its proposed bank.

Ordinance boost: RCap eyes foreign funds in insurance ventures

Last Updated: Sunday, December 28, 2014, 15:16

Within days of government allowing more overseas investment in insurance sector through an ordinance, Anil Ambani-led Reliance Group has initiated a process for inducting foreign partners in its general and health insurance ventures with up to 49 percent stakes.

RCap to seek shareholders nod next month for stake sale to SMTB

Last Updated: Friday, December 26, 2014, 19:41

Reliance Capital will seek shareholders' approval for an initial stake sale of 2.77 per cent in the company to Japan's Sumitomo Mitsui Trust Bank (SMTB) at its extraordinary general meeting (EGM) next month.

Reliance Cap ropes in Japan's SMTB as strategic partner

Last Updated: Thursday, December 25, 2014, 16:12

Firming up its plans to set up a bank, Anil Ambani group firm Reliance Capital on roped in Japan's Sumitomo Mitsui Trust Bank (SMTB) as a strategic partner to collaborate on various businesses, including in its proposed banking venture.

Insurance stocks gain; Reliance Capital up 3.72%

Last Updated: Wednesday, December 24, 2014, 19:11

Shares of companies in insurance sector gained as much as 4 percent Wednesday after the government approved the Ordinance route to implement insurance reforms.

RCap board to consider alliance with foreign partner Thursday

Last Updated: Wednesday, December 24, 2014, 18:55

Anil Ambani group firm Reliance Capital, a diversified financial services entity, already has Japan's Nippon as a significant partner in its mutual fund business.

Anil Ambani's Reliance Group sells multiplex biz to Carnival

Last Updated: Monday, December 15, 2014, 10:37

Anil Ambani-led Reliance Group has sold its Big Cinemas unit to South India-based Carnival Group in a deal that would lower the debt of its financial services arm Reliance Capital by about Rs 700 crore.

Reliance Capital shares sprint on talks of Yatra.Com stake sale

Last Updated: Wednesday, December 10, 2014, 18:53

Reliance Capital's stock gained 4.34 percent to settle at Rs 538 on the BSE. During the day, it climbed 4.9 percent to Rs 540.90. At the NSE, the scrip closed 4.56 percent higher at Rs 539.

Reliance MF assets surpass Rs 1 lakh crore level

Last Updated: Sunday, January 5, 2014, 11:53

Having regained the Rs 1 lakh crore level for average assets under management, leading fund house Reliance Capital Asset Management Company (RCAM) expects revival in retail investor interest in mutual funds to continue through the current fiscal and in the next year.

Reliance Life eyes LIC model to expand reach

Last Updated: Sunday, December 22, 2013, 17:44

They may be rivals in overall business of selling insurance products, but Reliance Life wants to emulate model followed by LIC and become a private sector alternative to the state-run behemoth.