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PE deals in realty space may lose steam
Private equity deals in real estate may increasingly become scarce in the short term, deepening crisis for cash-starved property firms.
Charles River Ventures to launch $150-m India fund
Charles River Ventures (CRV), the US-headquartered pedigree venture capital firm managing assets around $2.1 billion, is in the midst of launching $150 million India fund.
PE firms face a realty check during market meltdown
The average size of private equity deals in real estate has come down by an annual 60% to Rs 190 crore as the deteriorating market conditions have forced investors to take smaller exposures.
RBI imposes Rs 5-lakh penalty on Baramati Sahakari Bank
The Reserve Bank on Monday imposed a penalty of Rs 5 lakh on Maharashtra-based Baramati Sahakari Bank Ltd for violation of directive on investments in non-SLR bonds.
Equitas to raise 10 bn rupees via debt, equity
Start-up firm Equitas Micro Finance India (P) Ltd plans to raise close to 10 billion rupees through a mix of equity and debt to help expand its micro-lending business.
Allahabad Bank eyes 20 per cent loan growth
The city-based public sector Allahabad Bank is targeting a growth of 20 per cent in its loan portfolio and 17 per cent in deposit this fiscal.
Rs.43.11 bn interest for banks on waived off farm loan
State-owned banks will receive Rs.4,311 crore (Rs.43.11 billion) as interest on farm loans of Rs.716.8 billion that were waived off earlier this year under a government fiat.
NABARD to provide micro financial services to 50mn families
NABARD has set for itself an ambitious task of providing access to micro financial services to about 50 million rural families by linking four million self help groups with the banking system in another four years.
Brics sues Lehman for recovery of sale amount
Mumbai-based Brics Securities has filed a suit against Lehman Brothers, India, in Bombay High Court this week, revealed a company source to ET.
Crisis-hit US institutions plan to sell off assets in India
<p>AIG, Morgan Stanley, Wachovia and others are planning to liquidate some of the Indian assets in which they had invested their proprietary capital. <a href="http://economictimes.indiatimes.com/quickiearticleshow/3536762.cms" target="_blank"><b>Get rid of Debt</b></a></p>
Reliance Money gets nod to acquire 10 pc stake in NMCE
Financial services firm Reliance Money has obtained approval from Ministry of Consumer Affairs to acquire a 10 per cent stake in the National Multi-Commodity Exchange of India (NMCE) Board.
Reliance Money ventures into investment banking
At a time when the world's leading investment banks are going bust, Reliance Money, a leading broking and distribution house in India, is venturing into investment banking.
Banks ask RBI to infuse cash into system
Faced with an extreme liquidity crunch, banks have made a strong representation to RBI to release more cash into their system.
IDFC PE invests Rs.4,000 million in Suzlon subsidiary
SE Forge, a subsidiary of Suzlon Energy, has raised equity investment of Rs.4,000 million from IDFC Private Equity.
Asset reconstruction business hots up as loan defaults rise
The downturn in the economy is attracting more players towards the market for bad loans.
Reliance ARC to buy Rs 250-cr of bad debt
Reliance Asset Reconstruction Company expects to acquire bad assets of about Rs 250 crore in the next six months.
Lehman effect: Indian banks post Rs 410-crore MTM losses
<p>Banking sector saw a mark-to-market losses of around Rs 400 cr due to their investment in US giants like Lehman and AIG. <a href="http://economictimes.indiatimes.com/quickiearticleshow/3522916.cms" target="_blank"><b>Lehman crisis: Impact</b></a> | <a href="http://economictimes.indiatimes.com/quickiearticleshow/3498915.cms" target="_blank"><b>History of AIG</b></a></p>
Deutsche Bank to buy 5% in BPL
Deutsche Bank is set to pick up a 5% stake in TPG Nambiar family-managed BPL as the board of the company approved preferential issue of 24.5 lakh equity shares or convertible bonds or both on Friday.
Regulator makes case for ?defined contribution? pension scheme
The Pension Fund Regulatory and Development Authority is planning to appoint institutional advisors to propagate the benefits of ?defined contribution? pension scheme.
'Local capital can help us tide over financial crisis'
The recovery from the global financial crisis is going to be a long and slow process, but India would be able to tide over the period through domestic capital formation, says Deutsche Bank global markets head Anshu Jain.
Religare gets SEBI's nod for mutual fund business
Financial services firm Religare Enterprises on Thursday said its joint venture firm Religare AEGON Asset Management Company has received SEBI's approval for entering into the mutual fund business in the country.
TCI has brought many cos to heel earlier too
The scheme was attacked by investor funds on grounds that it was skewed against minority shareholders.
RBI makes alternative arrangements for clearing cheques
Reserve Bank of India (RBI)office has made alternative arrangements for clearing cheques in few cities.
WB govt must sort out Singur issue for investments: Nooyi
Amid ongoing controversies surrounding Tata Motors' Nano project in Singur, PepsiCo Chairman and CEO Indra Nooyi today said the West Bengal government must sort out the issue to attract future investments in the state.
Wal-Mart says to open first India centre in 2009
Wal-Mart Store Inc will open its first cash-and-carry centre in India in 2009, the head of its India operations said on Wednesday.
Lehman deal to boost Nomura?s India operations
Nomura Group, which has struck a deal to acquire most of the Asian operations of the beleaguered US financial services firm Lehman Brothers, would result in the former consolidating its Indian operations.
Hit by defaults, foreign NBFCs shut branches
A majority of non-banking finance companies with foreign parentage, are moving aggressively to close down their branch networks.
Reliance Petroinvestments exits NBFC business
RIL group company Reliance Petroinvestments has exited the non-banking finance business.
India's Religare in tie-up with Bahrain bank
The Bank of Bahrain & Kuwait (BBK) has entered into an agreement with leading Indian financial group Religare to provide portfolio management services (PMS) to expatriate Indians in Bahrain and Kuwait.
PFC to wire up with PE firms to finance power plants
Major financial institutions and private equity firms such as Cornell Capital and Actis are likely to join hands with leading domestic power sector financing company Power Finance Corporation.
Trident bullish on India despite crisis in the US
Leading venture capital and private equity firm Trident Capital is confident of maintaining its investment tempo in India, although the US financial market goes through its worst crisis ever.
Future tense for Indus hospitality fund
Lehman Brothers? collapse has put a question mark over Future Group?s $200 million hospitality fund in which the failed US investment bank had invested $80-100 million.
Fed may find more firms at its door
With the $85 billion bailout of AIG, the world?s largest insurance company, the US government has spent $900 billion this year in taking over failing companies.
Private equities to go slow on investment
Private equity (PE) investments are set to slowdown in the wake of the global economic meltdown.
Structured products face heat now
As schemes near redemption, market players question the chances of HNI favourite structured products to deliver promised returns.
AEGON Religare Life opens 2 branches in Mumbai
AEGON Religare Life Insurance on Wednesday announced the opening of two new branches in the city.
Kotak says no direct exposure to Lehman, credit offtake slows
Private sector Kotak Mahindra Bank, today said it did not have any direct exposure with the collapsed financial services major Lehman Brothers but sees an impact on general sentiments following the crisis.
Rel Cap draws up expansion plans
Reliance Capital will more than triple its current employee base and invest Rs 2,000 crore in the insurance business.
Reliance Capital announces finance expansion plans
Financial services firm Reliance Capital announced Tuesday plans for a housing finance unit, despite tough market conditions.
R-Cap to invest Rs 2,000 cr in insurance biz in next 3-5 yrs
Reliance Capital will invest Rs 2,000 crore in its insurance business over the next three to five years.
Morgan eyes $ 5-bn asset-base from Indian Pvt banking business
Global financial services firm, Morgan Stanley, today announced the launch of its private wealth management services in four Indian metros.
HCL Tech looking at buying 3-4 captive carve-outs
HCL Technologies is the early stages of looking at taking over 3-4 captive assets in the financial services sector.
HCL Tech sees mark-to-market losses on weak rupee
HCL Technologies expects mark-to-market accounting losses due to the rupee's depreciation against the dollar.
Titagarh Wagons to buy non-banking financial firm
Titagarh Wagons Ltd said on Monday that it will buy a non-banking financial company. It also said it plans to set up a joint venture to revive Cimmco Birla Ltd.
ECB fund flow declines 45% in April-July: Assocham
The total funds raised through External Commercial Borrowings by Indian cos declined 44.95% to $ 6.52 billion during the first four months of the current financial year.
TPG to invest Rs 530 cr in Shriram's finance arm
TPG Capital, leading global private equity, will invest Rs 530 crore in Shriram City Union Finance, the consumer finance vertical of the Chennai-based Shiram Group.
NRL posts Rs 374 crore net profit
Numaligarh Refinery Limited (NRL) has posted a net profit of Rs 374 crore and achieved record sales turnover of Rs 8764 crore for year ending March, 2008.
Forum fines Sahara finance arm for holding insurance money
The District Consumer and Redressal Forum has pronounced the Sundergarh branch of the finance arm of Sahara India guilty of not paying a widow the insurance sum due to her after her husband's accidental death, sources said on Friday.
Edelweiss plans to set up asset reconstruction unit
Financial services firm Edelweiss Capital Ltd plans to set up an asset reconstruction firm and apply for regulatory approval in the next six months, a top official said on Friday.
Sahara exits non-bank finance business: RBI
Sahara India Investment Corp, part of Indian conglomerate Sahara group, has voluntarily left the non-banking financial business.
ADAG ramps up money transfer biz
Wall Street Construction holds a 33.55% stake in Wall Street Finance and after the amalgamation, Reliance Money Express will have a controlling stake in Wall Street Finance.
I-T surveys Anand Jain-backed realty fund
The income-tax department has conducted a survey in the Mumbai office of a real estate fund managed by Anand Jain, chairman of Jai Corp.
Financial giants stitch microfin JV
Five financial institutions in India are coming together to form a new entity, which will lend to those untouched by high-street banks.
Motilal Oswal launches franchising model
Financial services provider, Motilal Oswal on Tuesday said it has launched a new franchising model to enable customers receive 'profile-based money management solutions' under one roof.
BPL raises $80 mn by issuing equity to Mauritius firm
BPL Mobile made a Mauritius based equity fund its stakeholder for a consideration of USD 80 million, as part of efforts to raise funds for expansion and purchase of stake in Mumbai-based Loop Telecom.
ALW private ltd. closes series B funding
A. Little. World. Private Limited ("ALW"), leveraging new generation technologies to enable financial inclusion at the bottom of the pyramid.
ARCs want industry status, power to overhaul defaulting cos
Asset reconstruction companies (ARCs) are set to lobby with banking regulator RBI to get power to change managements of defaulting companies.
Reliance Money partners with US brokerage firm
Broking and distribution house Reliance Money said on Monday that it has partnered with the US-based optionsXpress Holdings Inc, a web-based trading company, to gain access, custody and execution in US markets for its customers.
Global norms may cut short banks' cheap loans run
Banks may not find much leeway for cheap loans -- often pushed by the government for political reasons -- once they adopt International Financial Reporting Standards (IFRS) in 2011.
Reliance Money enters US market; ties up with OptionsXpress
Expanding its reach to American markets, Anil Ambani group's brokerage and financial services distribution entity Reliance Money has forged an alliance with the third largest online broker in the US, OptionsXpress.
GE Capital Transportation sells Rs 1,520 cr loan assets
US conglomerate GE's Indian arm GE Capital Transportation Financial Services Ltd on Friday said that the company has sold loan assets aggregating to Rs 1,520 crore.
HDFC funds look at distressed realty projects
The property funds of HDFC and its asset management unit have more than $1 billion of available funding and will look to buy distressed real estate projects, Chairman Deepak Parekh said.
PE players sniff at BT's stake in Tech Mahindra
A clutch of private equity players are interested in acquiring UK telecom major British Telecom?s stake in Tech Mahindra, according to industry and banking sources.
Global investors to invest Rs 411 crore in Moser Baer unit
Moser Baer's photovoltaic arm has entered into an agreement with a consortium of global investors to raise Rs 411 cr.
Manappuram to receive Rs 108 crore capital infusion
The Kerala-based NBFC Manappuram Group of Companies will receive fresh capital infusion of rs 108 crore from UK and US based private equity firm.
Volkswagen plans 1 bn euro ABS sale
Volkswagen Financial Services, part of carmaker Volkswagen, plans to sell a two-part security backed by German auto loans, an official at one of the banks managing the sale said on Wednesday.
E-transactions see a three-fold rise since Apr'07
<p>Online cash transactions are gaining currency, with more people preferring to send & receive money electronically. <a href="http://economictimes.indiatimes.com/quickiearticleshow/3434582.cms" target="_blank"><b>Online banking safety checks</b></a> | <a href="http://economictimes.indiatimes.com/quickiearticleshow/3436309.cms" target="_blank"><b>Tips to buy green PC</b></a></p>
Tatas to invest $350 million in international businesses
<p>The earmarked funds would be invested at various locations and in different projects, K A Chaukar, Tata Industries MD said. <a href="http://economictimes.indiatimes.com/quickiearticleshow/3427387.cms" target="_blank"><b>Unshackling India Inc</b></a></p>
SBI to power Tatas' bid for Singapore co
India?s largest bank, State Bank of India (SBI), will offer Tata Power $1 billion to help it acquire Senoko Power, Singapore?s largest-power utility.
Credit Suisse to invest Rs 550 cr in Provident Housing
The deal may mark the biggest fund action in low-cost housing in India that has gained traction in recent months.
SUUTI to transfer residual stake in L&T, ITC to govt
The residual stake held by the Specified Undertaking of UTI in L&T and ITC will be transferred to the government after March 2009 when the undertaking is scheduled to be wound up.
Clearstone to invest Rs 225 cr in four cos
The US-based global venture capital fund Clearstone Venture has decided to invest at least Rs 225 crore in four Indian companies in the current fiscal.
Zen Securities launches new financial service
Zen Securities Ltd (ZSL), a leading financial services company, on Friday announced the launch of a new financial service Zen Money.
Reliance Money starts operations in Europe
The broking unit of India's Reliance Capital said on Friday it had launched operations in the UK and Ireland to tap the Indians living in Europe.
Motilal Oswal gets regulator nod for fund business
Motilal Oswal Financial Services Ltd said on Friday it has got in-principle approval from the Securities and Exchange Board of India to commence mutual fund operation in India.
India Inc raises ECBs worth $2.5 bn in July
India Inc has raised a total of $2.5 billion in July this year by way of borrowings from the international markets.
Birlas re-enter broking with Apollo arm buy
Aditya Birla Nuvo has announced the acquisition of 56% stake in Apollo Sindhoori Capital Investments from the Chennai-based Reddy family, for Rs 64 a share, totalling Rs 198.8 crore.
Aditya Birla Nuvo to buy Apollo Sindhoori
Diversified Indian firm Aditya Birla Nuvo Ltd said on Thursday it would acquire 56 per cent in Apollo Sindhoori Capital, expanding its financial services portfolio in a fast-growing market.
Temasek bullish on India despite global downturn
India and China were the two key investment destinations within Asia for Temasek, last year, when it generated record global profits of more than $12 billion.
Geojit offers free brokerage service on currency futures
Geojit Financial Services, a retail financial services company on Wednesday announced its offer of free brokerage on currency futures trading till the end of September.
3i may put $229 mn in Indian port operator
Private equity firm 3i Group Plc may invest Rs 8-10 bn in a south Indian port operator for a stake of up to 26 per cent.
Singapore's GIC may pick up 10% in Arcil
The investment arm of the Government of Singapore, GIC, may pick up slightly below 10% stake in Asset Reconstruction Company of India (Arcil), subject to approval from the FIPB.
Cairn to sell legacy holding in Videocon
Cairn India, the subsidiary of the Edinburgh-based Cairn Energy, is likely to sell its investments in Videocon Industries.
ICICI, major shareholders seek Rs 1,865 crore for Firstsource stake
The promoters and two major shareholders of Firstsource Solutions have put their combined 68% in the BPO firm up for sale.
UBI, KBC awaits SEBI's nod to float wealth management co
Union Bank of India has said it is awaiting market regulator SEBI's nod to float an asset management company with Belgium-based KBC Management Services.
Exim Bank extends $10-mn LoC to Uzbekistan bank
Exim Bank on Monday said that it has extended a Line of Credit (LoC) of $ 10-million to Uzbekistan's National Bank for Foreign Economic Activity.
PEs zeroing in on distressed firms
<p>PE firms are eyeing distressed firms which has been a domain of the ARCs. <b>Stocks 52 Week:</b> <a href="http://economictimes.indiatimes.com/fiftytwoweekhighlow.cms?exchangeid=47&exchangegroup=&exchangeindexid=0§orid=0&ishigh=true&pagesize=30&pagenumber=1
" target="_blank"><b>High</b></a>, <a href="http://economictimes.indiatimes.com/fiftytwoweekhighlow.cms?exchangeid=47&exchangegroup=&exchangeindexid=0§orid=0&ishigh=false&pagesize=30&pagenumber=1
" target="_blank"><b>Low</b></a> | <b>Gainers & Losers:</b> <a href="http://economictimes.indiatimes.com/articleshow/3376869.cms
" target="_blank"><b>BSE</b></a>, <a href="http://economictimes.indiatimes.com/articleshow/3376883.cms
" target="_blank"><b>NSE</b></a> | <b>Only:</b> <a href="http://economictimes.indiatimes.com/buyersellerinfo.cms?exchangeid=47&isbuyer=true&pagesize=30&pagenumber=1&sortorder=bidofferquantity
" target="_blank"><b>Buyers</b></a>, <a href="http://economictimes.indiatimes.com/buyersellerinfo.cms?exchangeid=47&isbuyer=false&pagesize=30&pagenumber=1&sortorder=bidofferquantity
" target="_blank"><b>Sellers</b></a></p>
Pi Capital wants to expand operations into India
A rather unique entity in the crowded world of venture capitalists, private equity investors, and wealth managers, Pi Capital has so far worked mostly in the UK.
Shemaroo looking to raise Rs 100 cr through pvt equity route
Shemaroo Entertainment, is in talks with private equity players to raise Rs 100 crore for fuelling its expansion programme, a top company official said.
Development Credit Bank to focus on low-cost deposits
Private-sector lender, Development Credit Bank (DCB) has targeted to enhance its low cost deposit-base and expected to achieve an above 30 per cent growth in deposits and credits in FY 09, its chief said on Thursday.
PNB Housing Finance declares 20% dividend for 2007-08
NB Housing Finance Ltd, housing finance arm of Punjab National Bank on Wednesday declared 20 per cent dividend for 2007-08.
Nexus India Capital announces closure of $220 mn fund
Nexus India Capital, announced closure of Nexus India Capital II, L.P., a 220 million dollar fund which will invest in early stage companies with significant market opportunity or delivery presence in India.
'Citi not selling stake in HDFC'
Citigroup Inc has no intention of selling its stake in India's Housing Development Finance Corp and is refining its strategic vision for the country, its Asia-Pacific head told the Mint paper.
Kotak PE invests in Rubicon Research
Kotak Private Equity said on Tuesday that it has invested in Rubicon Research, a product development company.
JPMorgan India plans first globally-invested fund
The Indian fund unit of JPMorgan plans to launch a fund investing in Middle East, Africa and emerging Europe, joining the likes of ING and Mirae, who are looking to offer global diversification to domestic investors.
Cost-conscious banks raise fees for paid services
<p>Banks are raising charges of fee-based products, including use of ATM & credit card facility, locker services, DD and cheque issue. <a href="http://economictimes.indiatimes.com/quickiearticleshow/2987175.cms" target="_blank"><b>Benefits of money back policy</b></a></p>
Mahindra Financial Services to hike lending rates by 0.5 pc
Mahindra & Mahindra group's non- banking finance firm is planning to increase lending rates by 0.50 per cent within next one month following RBI's tight monetary policies.
Home loan borrowers look panic-stricken now
<p>Number of home loan borrowers making foreclosures and partial repayments has shot up by 20-25%. <a href="http://economictimes.indiatimes.com/articleshowpics/3370086.cms" target="_blank"><b>Biz Week In Pics</b></a> | <a href="http://economictimes.indiatimes.com/newsletter.cms" target="_blank"><b>Weekend Platter</b></a> | <a href="http://economictimes.indiatimes.com/quickiearticleshow/3137357.cms" target="_blank"><b>Challenges for India</b></a></p>
Doha Bank's brokerage firm to enter non-banking sector
Doha Brokerage & Financial Services Limited (DBFS), an associate of Doha Bank headquartered in Qatar, is all set to enter the non-banking financial company (NBFC) operations in India soon.
PEs eye standalone regional hospitals
PE firms are going beyond large corporates and super specialty hospitals to tap the Indian healthcare market.
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| | | car insurance quote elephant
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Learn More About Auto Insurance Facts
By Levi Quinn
With so many choices currently available in the auto insurance market, it can be quite difficult to know which products to choose. Understanding some basic facts about the insurance market can help you to make informed decisions. Following are five facts that you need to know about the auto insurance market.
1) Premium Plan - Is it worthwhile? It is now possible to purchase a deluxe insurance package that includes new car replacement and accident forgiveness among other services. You will pay heavily for these add-ons, so be sure that you understand exactly what you are getting. You may be able to get similar benefits without purchasing the premium insurance.
2) Shared Market versus Nonstandard Market - Drivers with below average driving records should shop extremely carefully for auto insurance. Shared market insurance companies are regular insurance companies that share the risk of poor drivers. Consequently, their rates are rather high. A new entrant to the auto insurance business is the Nonstandard market. This market consists of a series of specialty companies that exist solely to insure nonstandard drivers and competition keeps their rates somewhat lower.
3) Most and Least Expensive Cities in America for Auto Insurance in 2006 - The least expensive city in America was Roanoke, VA. There the average annual premium was only $912. The most expensive was Detroit, with an average of over $5,800. While you cannot plan a move based on insurance prices, knowing the insurance market as well as other cost of living concerns can help you decide between two comparable cities.
4) Downtown is the most expensive - As you may already know, auto insurance rates are always higher in cities than they are in small towns and suburbs. What you may not know, however, is that even within a city your zip code matters. Simply choosing a home in a more residential portion of the city rather than downtown may save you hundreds of dollars.
5) Purchasing auto insurance is a numbers game - It is entirely possible that you will pay for auto insurance for years and never need to use the policy. However, it is equally possible that you will need your insurance as soon as you drive off the lot. You cannot predict all things that could theoretically happen to your vehicle. Hence the necessity of playing the numbers game. Look over your budget and think through what would happen if you had an accident. Also determine how much you can realistically spend each month. Then shop around to get the best insurance for the money you can afford to spend. Be sure to consider varying deductibles.
There are so many options available in today’s auto insurance market that it would be quite time consuming if not utterly impossible to make the “perfect” choice.
Top 10 Excuses Businesses use for not Paying Invoices
Wachovia Insurance Services Names Lockwood Managing Principal of Wachau Insurance Advisors
HealthFitness' HRA Detects Health Risks of Client's Global Employees
AAA Travel Agency and WWJ Newsradio 950 Sponsor Contest During 'Dream Cruise' - Prize is Deluxe Suite for Six Aboard Disney Magic Cruise Ship
Mid-Atlantic Region's CareFirst BlueCross BlueShield Finds Success in Small/Mid-Size and Self-Insured Markets
Phyllis Shelton to Teach Live Colorado NAIC/DRA Partnership
Prime Therapeutics Releases Annual Drug Trend Insights Report
Scott McLeod Named Adaptis Director of Sales Development
Your Health Insurance May Need a Back-to-School Check Up Too
Pointer Reveals Continuous, Consecutive Growth in Revenues and Profits Raises 2008 Guidance: Revenue to $76M From $65M and Operating Profit to $8M ...
However, understanding the market and the variables over which you have control will assist you in making a smart decision. Take the time to consider your options and you will find auto insurance that works well for you. Article Source: http://articlecrazy.com Shop for the best rates on local car insurance, such as www.autoinsuranceratesdirect.com/city/columbus-auto-insurance.html">Columbus Auto Insurance, at AutoInsuranceRatesDirect.com.
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How To Compare Auto Insurance Quote Online
By James M Taylor
When you get car insurance quote online from an insurance company, always keep in mind to compare it with quotes issued by other companies with the same car insurance policy features. However, since Read more...
| Mortgage Loans
By Charity Adams
No matter what your credit history is or what your budget there is probably a mortgage to fit you. Banks are not the only game in town when it comes to getting a mortgage. There are Read more...
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