Asset Management

Govt to set up high-level panel to address stressed thermal power assets issues, revive them

The govt panel will also have representatives from the ministries of railways, finance, power, coal and the lenders having major exposure to the power sector.

Govt issues minimum FDI requirement for unregistered financial services entities

The minimum FDI capital is $20 million for unregistered/exempted entities engaged in 'fund based activities'.

Bharat 22 ETF lists on bourses with modest gains; stock sells at Rs 36.30 per unit on BSE

The government recently raised Rs 14,500 crore through Bharat 22 ETF, which saw bids of nearly Rs 32,000 crore coming in

Meet Caravel group chief Harry Banga, the man from Chandigarh who is now among richest in Hong Kong

He grew up in Chandigarh and never thought he would be a billionaire and one of the richest people in Hong Kong.

Patni Introduces Hosted Reconciliation Soln For Global Financial Institutions

The GRF covers a full spectrum of financial data management including positions, cash, income/ expenses and profit and loss.

Agile FT Launches India Operations To Serve BFSI Vertical

Agile FT has already acquired and merged the insurance software business division of Access Information Systems, a niche player in the core insurance space.

InSync Software Collaborates With IBM To Improve Food Safety

The software integrates and makes sense of data collected from networks of sensors including Radio Frequency Identification or bar code readers, and mobile handheld devices.

Patni Introduces Innovative Series Of Financial Services Solutions

Patni's solutions will empower financial services organisations by stabilising key technology areas including reporting systems, accounting systems, security systems and compliance systems.

HP Helps Drive IT For Subhiksha

HP has announced that it has won a financing and asset management services contract from Subhiksha.

Nippon Life infuses Rs 1,196 cr for additional 14% stake in Rel Cap's MF arm

Fresh stake hike by Nippon Life pegs Reliance Capital's mutual fund arm at Rs 8,542 crore