Hinduja Group seeks RBI nod on proposed corporate restructuring for RCap resolution
Mumbai: Hinduja Group’s IndusInd International Holdings (IIHL) has written to the Reserve Bank of India seeking its go-ahead for proposed changes in the corporate structure set up for the acquisition and resolution of Reliance Capital (RCap). The original resolution plan by IIHL, which was approved by the Mumbai bench of the NCLT in February 2024, had proposed two implementing entities — IIHL BFSI (India) Ltd and Aasia Enterprises LLP. Herein, RCap’s entire shareholding was to be transferred to IIHL BFSI (India) which was to be the holding company, and certain assets held by RCap were to be transferred to Aasia.

Good news for insurance agents! They can use this platform to track and receive commissions in real-time
For the first time in India, insurance Point of Sales Persons (PoSPs) will be able to see live brokerage against each quote option they generate and upon completing sale, they will receive their commission payment immediately.

Tata Pension Management eyeing break even in 2025-26, says CEO Kurian Jose
New Delhi: Tata Pension Management, a recent entrant in pension fund management space, is looking to break-even in 2025-26, its Chief Executive Officer Kurian Jose has said.

Households ride on leverage, net financial savings hit 5-year low
New Delhi: Household sector’s net financial savings dropped to a five-year low of ₹14.16 lakh crore in 2022-23, as more Indian households increased borrowing from banks and non-banks to boost investments in physical assets. This trend was coupled with increased allocations to mutual funds, direct equities, bank deposits, and life insurance products, according to the latest MoSPI data.

Single vs joint holding in mutual funds: which is better?
Single or joint accounts: These are the two types of accounts that investors can opt for to keep their mutual fund (MF) holdings. For the joint account though, an investor can choose between ‘joint' and ‘either or survivor’ modes of operation. So which of these account types is better? Typically, a single account that only requires a nominee is better. On the death of the account holder, the nominee gets access to the account and the proceeds. Joint accounts can be  problematic. There are technical difficulties involved with transactions and they can also open up the risk of legal disputes. Most financial experts favour a joint account with ‘either or survivor’ as the mode of operation.

TVS Capital's biggest fund yet could bet on ‘zero-stage’ startups
Mumbai : TVS Capital has raised ₹1,700 crore in domestic money for its largest fund yet, its fourth, in a sign of growing interest among Indian investors for private equity as an asset class.

Is the broking and the wealth management industry ripe for a consolidation?

Can global risks unsettle the Indian equity market rally? 

REC plans to raise up to Rs 6,000 crore through two bonds on Friday

The company plans to raise Rs 3,500 crore through the first bond, which will include Rs 2500 crore in greenshoe option and will mature in 10 years 17 days or on May 31, 2034. They plan to raise additional Rs. 3500 crore through reissuance of their 6.90%, March 31, 2031 bond.

Weighted average cut-off at G-Sec auction eases 6 bps to 7.45 per cent