Ambani`s rosy picture of fin serv sector in Reliance Cap`s AGM

Painting a bright future for the Indian financial services sector, Anil Dhirubhai Ambani Group (ADAG) Chairman, Anil Ambani, today said that "the headroom for (its) growth is virtually limitless."

Rel Cap mulls IPO, stake sale of life insurance biz

Anil Ambani group firm Reliance Capital said on Tuesday it is planning to bring an initial public offer for its life insurance business or go in for a strategic stake sale to unlock shareholder value.