UBS Wealth Management has raised Indian equities to “overweight” as improving domestic demand and moderating inflation sets the stage for further interest rate cuts. Read the rest of this entry »
Apr
10
India gold futures may tread lower this week on a likely surge in equity markets and abating economic concerns, dimming the yellow metal’s appeal as a safe haven asset, analysts said. Read the rest of this entry »
Apr
10
Sanlam Private Investment, the South African firm which purchased a minority holding in Indian brokerage SMC group last year, would focus on strengthening its fledgling wealth management operations in the country, said chief executive Daniel Kriel Read the rest of this entry »
Apr
10
Foreign lender, Deutsche Bank AG, India has come out with wealth management tools that will facilitate its retail clients. The bank on Monday launched web-enabled management tools named db WealthPro & db InvestPro. Read the rest of this entry »
Apr
10
By launching the gold exchange-traded fund (ETF), State Bank of India Mutual Fund becomes India’s sixth mutual fund firm after Kotak Mahindra, UTI, Quantum, Benchmark and Reliance to join the gold bandwagon. In the initial period, it expects to collect 1.5 billion rupees to 2.0 billion rupees of investments. Read the rest of this entry »
Apr
10
After overseas pension pools and foreign portfolio funds, it’s now sovereign wealth funds (SWFs) that find India an irresistible investment destination. Read the rest of this entry »
Mar
19
Indian billionaires can write off the country’s fiscal deficit with two-thirds of their wealth, but the US would need more than the fortunes of its billion-dollar citizens for the same. Read the rest of this entry »
Mar
19
The Hindujas today took off the veil over their mid-sized Amas Bank in Switzerland by renaming it as “Hinduja Bank”, in what its chief executive described as a bold move to expand its activities in trade finance, wealth management and investment banking. Read the rest of this entry »
Mar
19
Hedge funds and foreign currency convertible bonds (FCCBs) are replacing real estate as popular offshore investment destinations for India’s richest. Read the rest of this entry »
Mar
19
Bank of America Buys Rest of Merrill’s India Unit
Posted by Admin in Investment, Market, News, On the Move, Private Banking on 03 19th, 2009| | No Comments »
Bank of America Corp. bought the 10 percent it doesn’t already own of DSP Merrill Lynch Ltd. from the Indian unit’s founder and appointed local President Kevan Watts as head of its combined operations in the country. Read the rest of this entry »