Motilal Oswal Financial Services, in its ‘Wealth Creation Study 2005-10′, says the biggest wealth creator in India for the past seven years has been Oil and Natural Gas Corporation in the first three years and Reliance Industries (RIL) in the next four. “Over FY05-10 (meaning 2004-05 to 2009-10), Reliance’s compounded annual growth rate of...
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If you are already bombarded by calls from bankers who want to manage your wealth, there is no reprieve in sight. More companies are starting wealth management or private...
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Following is the key finding of Motilal Oswal Wealth Creation Study from 2005 to 2010: Reliance Industries has emerged as the biggest wealth creator for the fourth time in...
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Axis Bank Ltd, India’s third largest private bank by assets, has decided to wind down its Rs.600 crore private equity (PE) fund focused on infrastructure.
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For many years, the high rates of income tax were blamed for the generation of black money. There was a time when the very wealthy agreed that between income...
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To overcome the inherent restrictions in the co-operative banking model on raising capital, the country’s largest co-operative bank is mulling the option of converting into a private sector bank.
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China’s hunger for natural resources has set off a global commodity boom. Now, with its economy growing, the Chinese are exhibiting a ravenous appetite for consuming gold.
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The panel discussion covered a variety of topics pertaining to the NBFC (non banking financial company) sector and the growth phases and challenges faced by the sector in India....
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Morgan Stanley plans to increase the number of private bankers in India by 30 percent over the next year, said Himanshu Bhagat, executive director of the wealth management unit...
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Religare Enterprises Ltd., an Indian emerging-markets financial services group, said Thursday its unit Religare Global Asset Management (RGAM) Inc., agreed to buy a 55% stake in Landmark Partners for...
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