Banking giant HSBC may exit its Indian insurance venture, becoming the second foreign company and the third from the financial services industry to give a thumbs down to the local market. “HSBC is evaluating possible ways to exit the business,” said a person close to the business. A decision is expected soon, he added. http://economictimes.indiatimes.com/news/news-by-company/corporate-trends/hsbc-may-exit-maiden-insurance-joint-venture-in-india/articleshow/13087316.cms […]
Banking giant HSBC may exit its Indian insurance venture, becoming the second foreign company and the third from the financial services industry to give a thumbs down to the local market. “HSBC is evaluating possible ways to exit the business,” said a person close to the business. A decision is expected soon, he added. http://economictimes.indiatimes.com/news/news-by-company/corporate-trends/hsbc-may-exit-maiden-insurance-joint-venture-in-india/articleshow/13087316.cms […]
With shares of most companies listed this year slipping below their issue prices and two initial public offerings (IPOs) already withdrawn, the scenario has remained challenging for the primary market. http://www.business-standard.com/india/news/most-initial-public-offerings-outthe-money-this-year/473892/ .
hey splurge on mobile apps, apparel and eating out but very few young Indians want to spend on getting the right financial advice. A recent survey says that only 1 out of every four young investors goes to a professional advisor for financial advice. The survey was conducted by Value Notes for life insurance company […]
Organised workers may soon be able to maintain their retirement savings while changing jobs because the Employees’ Provident Fund Organisation is close to finalising a plan to provide portable account numbers. http://economictimes.indiatimes.com/news/economy/policy/epfo-close-to-finalise-plan-to-provide-portable-provident-fund-account-numbers-to-organised-workers/articleshow/13026731.cms .
The government appears to have buckled under political pressure, as the finance ministry is set to take a diluted version of the Insurance Bill to the Cabinet in the coming week. The revised Insurance Laws (Amendment) Bill proposes to retain the foreign direct investment (FDI) cap in the sector at 26 per cent, against 49 […]
The stock market regulator, Securities and Exchange Board of India, has chosen McKinsey to help it ‘restructure’ itself. McKinsey will make recommendations on four internal and two external areas, confirmed sources. http://www.thehindubusinessline.com/markets/article3371196.ece .
The stock market regulator, Securities and Exchange Board of India, has chosen McKinsey to help it ‘restructure’ itself. McKinsey will make recommendations on four internal and two external areas, confirmed sources. http://www.thehindubusinessline.com/markets/article3371196.ece .
he initial public offering (IPO) of Tribhovandas Bhimji Zaveri (TBZ) managed to scrape through on the final day, thanks to last minute bids from high net worth and institutional investors. The IPO was subscribed 1.15 times at 7 PM on Thursday, with the non-institutional investors category, comprising the well-heeled, bidding for 1.91 times and institutions […]
Several fund houses have introduced exit loads on fixed income mutual fund schemes in April 2012. Fund houses such as SBI, Canara Robeco, Taurus, JP Morgan, Principal have introduced or increased exit loads on early exits by investors. http://economictimes.indiatimes.com/personal-finance/mutual-funds/mf-news/debt-mutual-funds-see-introduction-of-exit-loads/articleshow/12879196.cms .
