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BNP Paribas to buy Fortis - Monday, October 06, 2008 | |
BNP Paribas SA, France's biggest bank, stated that it would take control of the Belgian and Luxembourg businesses of the troubled finance group Fortis NV via a €8.25 billion (US $11.3 billion) stock deal.
 |  | Banks
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Insurance Industry growth to be driven by Health & Micro Insurance, says CII - Monday, October 06, 2008 | |
Confederation of Indian Industry (CII) and Ernst & Young released a report on the agenda of the Indian insurance industry titled, 'Indian insurance industry: The task ahead'. The report sets out directional recommendations for sustaining the projectile growth of the industry from a regulatory as well as industry perspective.
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Tata AIG Life introduces InvestAssure Health - Monday, October 06, 2008 | |
Tata AIG Life Insurance Company Limited (Tata AIG Life) has introduced Tata AIG Life InvestAssure Health – its first ever unit-linked health product.
| | Insurance
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Apna Loan partners with Reliance Money - Monday, October 06, 2008 | |
Apnaloan, the pioneer and largest market place for loans and credit cards has partnered with Reliance Money, the largest broking and distribution house in India, to offer information about personal finance on their website.
| | NBFCs
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Polaris Software buys SEEC Inc - Friday, October 03, 2008 | |
Chennai-based, Polaris Software Lab, a speciality application provider in banking, financial and insurance sectors, has signed a definitive agreement to buy SEEC Inc, a US-based product and component services company for insurance vertical in an all cash deal.
| | Suppliers/Vendors
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Corporation Bank launches overseas with Dubai office - Friday, October 03, 2008 | |
Corporation Bank has forayed into overseas market for the first time with a representative office in Dubai.
| | Banks
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IOSCO Technical committee members coordinate to monitor market conditions - Friday, October 03, 2008 | |
The Technical Committee members note that short-selling plays an important role in the market for a variety of reasons, including providing more efficient price discovery, mitigating market bubbles, increasing market liquidity, facilitating hedging and other risk management activities and, importantly, limiting upward market manipulations.
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SBIH and Temasek holdings to introduce new fund - Friday, October 03, 2008 | |
SBI Holdings Inc has informed that SBIH and Fullerton Fund Management Company Ltd, a wholly owned unit of Temasek Holdings, which is one of Singapore's governmental investment firms, will partner to introduce new fund that will invest in the Asian financial sector.
| | Top Stories
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Reliance Money gets merchant banking license - Wednesday, October 01, 2008 | |
Reliance Money, the largest broking and distribution house in the country and part of the Reliance Anil Dhirubhai Ambani Group, has obtained Category I merchant banking license from the Securities and Exchange Board of India (SEBI).
| | NBFCs
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UBS to slash more jobs, says reports - Wednesday, October 01, 2008 | |
Swiss bank UBS might declare additional job cuts of 1,900 people in its investment banking, fixed income and equities business at its October 2 shareholders' meeting, as per international media reports.
| | Banks
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IL&FS and E Trade offload stake in ILFS Investsmart to HSBC - Wednesday, October 01, 2008 | |
IL&FS, one of India's leading infrastructure and development and finance companies and E Trade has informed regarding the sale of 29.35 per cent and 43.85 per cent stake held in the company IL&FS Investsmart to HSBC Securities & Capital Markets (HSCI) and HSBC Violet Investments (Mauritius) for an undisclosed amount.
| | Top Stories
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Aviva Life appoints TR Ramachandran as CEO - Wednesday, October 01, 2008 | |
Aviva Life Insurance has put in application at IRDA for necessary approvals, regarding the appointment of TR Ramachandran, as the CEO for its Indian operations.
| | People/HR
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