Brookfield buys nine projects from Gammon Infra for Rs 6,750 crore

Last Updated: Saturday, August 29, 2015, 10:41

Gammon Infrastructure has sold stake in 9 projects valued at Rs 6,750 crore to Brookfield and Core Infra India Fund, a deal that will fetch Rs 563 crore as well as reduce its debt by Rs 1,718 crore.

Asset firm launches $250 mn fund for investments in India

Last Updated: Monday, August 17, 2015, 15:44

An Indian asset management firm has launched a USD 250 million realty fund for Gulf investors to develop mid-income residential properties in India.

UTI MF crosses Rs 1-trillion mark; eyes leadership slots

Last Updated: Sunday, August 2, 2015, 16:54

UTI Mutual Fund, the country's oldest fund house, has attained an asset base of over Rs one lakh crore with about one crore investor accounts and is now targetting leadership positions across various segments.

Mutual funds bullish on EPFO move to invest in equity funds

Last Updated: Friday, July 17, 2015, 22:50

The government's decision to allow Employees' Provident Fund Organisation (EPFO) invest 5 percent of its Rs 1 trillion investible fund in exchange traded equity funds has made mutual fund houses bullish about launching retirement equity funds, industry officials said.

PVR to raise Rs 350 cr from PE firm, dilute 10.7% stake

Last Updated: Friday, June 12, 2015, 14:59

Film exhibition firm PVR Ltd on Friday said it will raise Rs 350 crore from Indian private equity firm Multiple Alternate Asset Management, which will pick up 10.7 percent stake in the company.

India's mutual funds base to top $325 bn by 2018: RCAM's Sikka

Last Updated: Sunday, May 10, 2015, 18:21

Riding on the overall positive mood on the Indian economy, the asset base of the mutual fund industry in the country is set to grow faster at 18.6 percent per annum to top Rs.20 lakh crore ($325 billion) by 2018, says a top industry expert.

Reliance MF ropes in Samsung AMC for strategic alliance

Last Updated: Friday, April 24, 2015, 11:38

Top fund house Reliance Capital Asset Management Company on Friday roped in the largest Korean asset management firm Samsung AMC for a strategic alliance, which will allow the two companies to manage, market and distribute each other's investment products in India and South Korea.

JP Morgan may sell India mutual fund business

Last Updated: Sunday, March 15, 2015, 11:59

Sources said JP Morgan has begun discussions for a possible sale of its Indian mutual fund arm, although the fund house officially declined to comment on the same.

SEBI cancels Sahara AMC registration as portfolio manager

Last Updated: Friday, February 27, 2015, 17:55

In fresh troubles for crisis-hit Saharas, regulator SEBI Friday ordered cancellation of Sahara Asset Management Company's registration as portfolio manager, saying that "antecedents" of Subrata Roy and some group firms may cause "prejudice to the interests of investors".

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.

Standard Life operating profit jumps, annuity sales hit

Last Updated: Friday, February 20, 2015, 15:00

A move into asset management helped to drive a 19 percent rise in operating profit for Standard Life in 2014, offsetting a hit to annuity sales from British pension reforms.

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.