India
Barclays India to focus on wealth management, investment banking
Barclays India to focus on wealth management, investment banking
Barclays will reduce retail banking operations in India to focus on wealth management and corporate and investment banking operations in India.
Schroder Singapore acquires 25% stake in India's Axis AMC
Schroder Singapore Holding has acquired a 25 percent stake in Axis Asset Management Company, giving the latter access to the former's global distribution network.
Principal Mutual Fund revises attributes under Debt Savings Fund
Principal Mutual Fund revised the fundamental attributes for Principal Debt Savings Fund - Retail Plan, with effect from 12th October 2012.
India-focused hedge funds give negative return
India hedge funds have posted negative returns of 0.9 percent so far in 2012.
Fidelity overtakes JP Morgan in SE Asia with $2.4B fund
Fidelity's ASEAN fund attracted net inflows of around $460 million in the last three months alone to become the largest fund focusing on the region.
India's Reliance to provide investment products in Oman
India's Reliance Wealth Management to will provide RWM's investment products to National Bank of Oman customers.
HSBC Global raises stake in IRB Infrastructure to nearly 6 %
HSBC Global Investment Funds has raised stake in IRB Infrastructure to nearly six per cent with the acquisition of 1.48 per cent stake through the open market route.
South Indian Bank sells 15% stake to US private equity firm
South Indian Bank has sold 15% stake for Rs 443 crore to the private equity firm of the US-based Carlyle Group, First Carlyle Ventures Mauritius.
Tata Capital sues Deccan Chronicle over Rs 100 crore dues
Tata Capital sued debt-ridden Deccan Chronicle Holdings it's chairman T Venkattram Reddy at the Bombay High Court to recover 101 crore rupees in dues.
JPMorgan India ST fund to offer additional dividend options
A new Dividend Payout option and Dividend Reinvestment option has been introduced in JPMorgan India Short Term Income Fund.
Reliance Capital offers mutual fund service through SMS
Customers can now initiate a Systematic Investment Plan in mutual fund through their mobile phones with Reliance Capital Asset Management's new initiative.
Citi Venture Capital to invest $125M in Prometheon
The private equity arm of Citigroup is set to invest $125 million, or Rs 700 crore, in Prometheon.
China's sovereign wealth fund suffers losses in 2011
The China Investment Corporation posted a negative 4.3 percent in its overseas portfolio yield for 2011 due to slow global economic recovery and the European debt crisis.
Chadha appointed Barclays director in wealth and investment
Ashwin Chadha has been appointed as a director in wealth and investment management division of Barclays in New Delhi.
India's Sebi may hike expense ratio of MFs
The Securities and Exchange Board of India may increase the total expense ratio for mutual funds from the present 2.25% and allow additional incentives for systematic investment plans.
Pakistan's Habib declares dividend for six funds
Habib Bank Limited Asset Management Limited has declared final dividend for six funds under management.
India's PE investments drop 34% in June quarter
India's Private Equity firms invested 34% less T about $1,848 million across 102 deals during the quarter ended June.
