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Reliance Capital to list home finance business; eyes Rs 50,000 crore loan book

Reliance Capital to list home finance business; eyes Rs 50,000 crore loan book

 Betting big on housing finance space, financial services conglomerate Reliance Capital today decided to independently list its home finance venture in the stock market with a target to attain a loan book of over Rs 50,000 crore for this business in the next few years.

RCap to transfer commercial finance biz to separate firm

RCap to transfer commercial finance biz to separate firm

Paving the way for stake sale in its commercial finance unit with a loan portfolio of about Rs 16,500 crore, Reliance Capital has got shareholders' approval for the transfer of this business to a separate company.

Anup Rau steps down as CEO of Reliance Nippon Life

Anup Rau steps down as CEO of Reliance Nippon Life

New Delhi: Reliance Nippon Life Insurance chief executive Anup Rau has resigned from the company, purportedly after being asked to quit over alleged non-performance.

Nippon Life Insurance raises stake in Reliance Life to 49%

Reliance Capital, the holding company of Reliance Life, received Rs 2,265 crore for the deal.

Nippon Life completes acquisition to buy 14% in Reliance MF

Japanese financial services giant Nippon Life has completed acquisition of additional 14 percent stake in Reliance Capital Asset Management (RCAM) for Rs 1,200 crore, raising its holding to 49 percent.

CCI clears Reliance Capital-Goldman Sachs deal

CCI clears Reliance Capital-Goldman Sachs deal

Competition Commission has given its approval to Reliance Capital Asset Management's proposed acquisition of global giant Goldman Sachs' mutual fund business in India for Rs 243 crore.

Nippon acquires 23% stake in Reliance Life for Rs 2,265 crore

Nippon acquires 23% stake in Reliance Life for Rs 2,265 crore

Japan's Nippon Life Insurance on Tuesday announced the acquisition of another 23 percent stake in Reliance Life Insurance for about Rs 2,265 crore.

 

More foreign MFs on way out as Nomura plans to exit LIC

Japanese fund house Noumra may become the 10th foreign asset management company to exit the crowded Indian MF market in the past seven years if it calls off the five-year joint venture with state-run insurance giant LIC as is widely speculated.

Reliance Capital announces Rs 150-cr ESOP scheme

Reliance Capital announces Rs 150-cr ESOP scheme

Reliance Capital is part of Anil Ambani-led business conglomerate Reliance Group and is present in insurance, mutual fund, broking and non-banking finance businesses among others.

Reliance Capital shares surge 6% as Nippon Life increases stake in RCAM

Reliance Capital shares surge 6% as Nippon Life increases stake in RCAM

Shares of Reliance Capital surged 6 percent Tuesday after Japan's Nippon Life acquired 14 percent additional stake in fund house Reliance Capital Asset Management Company for Rs 1,196 crore, hiking its stake to 49 percent.

 

Reliance Capital pledges 5.14% stake with Axis Trustee

Reliance Capital has pledged 1.30 crore shares, or 5.14 percent stake, with Axis Trustee Services.

Reliance Capital Q1 net profit up 22.5% at Rs 201 crore

Financial Services firm Reliance Capital on Friday reported a 22.5 percent rise in net profit at Rs 201 crore for the first quarter ended June 30.

Rel MediaWorks completes multiplex biz sale to Carnival Group

Anil Ambani-led Reliance MediaWorks Ltd (RMW) today said it has completed sale of its multiplex business to Carnival Cinemas for Rs 700 crore and will use the sales proceeds to bring down Reliance Capital's debt.

Reliance Capital observing yoga week

Anil Ambani-led Reliance Capital has been observing yoga week from June 19 and will continue through June 26.

RelCap names Gopkumar as CEO of broking, distribution biz

Reliance Capital, part of Anil Ambani-led Reliance Group, on said it has appointed B Gopkumar chief executive of its broking and distribution business.

RCap to set up global commodity exchange in IFSC at GIFT City

Financial services major Reliance Capital plans to set up a global commodity exchange in International Finance Service Centre at GIFT City here, along with a host of other international business units.

Reliance Capital to set up global commodity exchange in IFSC at GIFT City

"This allotment is expected to bring in investment of around Rs 200 crore and generate employment for around 2,500 persons in next 3 years," GIFT MD and Group CEO Ramakant Jha said in a statement.

Reliance Capital Q4 net profit rises 53% to Rs 407 crore

Reliance Capital, the financial services arm of Anil Ambani-led Reliance Group, said that its net profit for the full fiscal ended March 31 rose by 34 percent to Rs 1,001 crore.

EPFO retains 4 fund managers; also appoints UTI AMC

Retirement fund manager EPFO has retained its existing four fund managers SBI, ICICI Securities Primary Dealership, Reliance Capital and HSBC AMC for a three-year term, starting April 1, 2015.

R-Cap to begin talks with foreign partners for insurance biz

Expecting the passage of Insurance Bill to bring in USD 8-10 billion of foreign capital into the industry, Reliance Capital Thursday said it would soon begin talks with foreign partners for its insurance ventures.