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Housing Development Finance Corporation (HDFC) has postponed the plan to list its insurance business – HDFC Standard Life — from the previous schedule of end of 2009 to March 2011 due to the current market conditions, company officials stated. HDFC ventured into the life insurance sector on a joint venture basis with UK-based Standard Life. … Read more HDFC delays listing plan of insurance business
Edelweiss Mutual Fund floated Edelweiss Diversified Growth Equity (E.D.G.E) Fund-an open ended equity scheme. The new fund offer (NFO) is open for subscription from May 4, 2009 to May 8, 2009. The Scheme offers three plans i.e. Plan A, Plan B and Plan C with common portfolio. These plans will have dividend (reinvestment, payout and … Read more Edelweiss MF floats E.D.G.E Fund
Mumbai based Bank of Baroda (BoB) has replaced Canara Bank to become the third-largest public sector bank in India in terms of profit and total business for 2008-09. State Bank of India is currently the country’s largest public sector bank followed by Punjab National Bank. BoB recorded a net profit of Rs 2,227 crore for … Read more Bank of Baroda replaces Canara Bank to become the third-largest PSU bank
As per ministry of statistics & programme implementation (MoSPI) data, half of the ongoing projects in the steel sector, costing nearly Rs 100 crore or more, are lagging behind schedule as of February-end, even as the government is pushing hard for speedy execution of infrastructure projects to boost the sagging economy. MoSPI data shows a … Read more Steel projects worth over Rs 44K cr behind schedule
Tata Steel is considering re-bidding for a $1.6 billion iron ore mine in Liberia in a response to the Liberian government’s invitation. The Indian steel giant was barred from bidding in the Western Cluster as it was found allagedly voilating the norms, but later on Liberian government set aside the allegations. The Western Cluster has … Read more Tata Steel considering to re-bid for Liberian mine
Max New York Life Insurance Company (MNYL) is planning to reach out to the uninsured population through the unorganized kirana shops to sell its recently launched insurance cum saving plan — Max Vijay. The insurer is implementing a pilot project in Uttar Pradesh covering 30 districts and 100 retailers including grocery shops and other mini-retail … Read more Max New York Life adopts new channels for distributing Max Vijay