Morgan Stanley to sell India wealth management unit to StanChart
Monday May 20, 2013
Morgan Stanley launched the sale of its Indian private wealth management unit in November 2012, after entering the highly fragmented and competitive market about four years earlier.
Seven must-know facts about PPF accounts
Wednesday May 15, 2013
The key to wealth creation lies in the practice of saving regularly and systematically. The public provident fund (PPF) is one such long-term investment option that would suit investors of all types. Scoring high on safety, by virtue of it being gove...
Nokia sees growth in sales of Lumia smartphones in India
Sunday May 12, 2013
Finnish handset maker Nokia, which has been losing market share to Apple and Samsung, is seeing growth in sales of its Windows platform based Lumia smartphones in India and has attributed the pick-up in volumes to rising wealth in the country.
Ricky Ponting's tips the secret of Mumbai Indians' success
NDTVCricket | Wednesday May 8, 2013
He may have given up the captaincy due to lack of form, Ricky Ponting has contributed to the Mumbai Indians' dressing room with his wealth of experience as a Test and ODI specialist.
China detains activist for subversion after pressuring leaders on wealth
Reuters | Wednesday May 8, 2013
Chinese police have detained an activist agitating for officials to disclose their assets on subversion charges, her lawyer said on Wednesday, underscoring the limits of an anti-corruption push by Chinese President Xi Jinping.
Finance Minister says no wealth tax on agricultural land
Tuesday April 30, 2013
Earlier, the minister had proposed to impose 1 per cent wealth tax on the value of farm land falling within an 8-kilometre radius of urban areas.
Unilever to up HUL stake in largest single investment in India's FMCG sector: 5 facts
Wednesday May 1, 2013
Anglo-Dutch consumer goods giant Unilever Plc will pay as much as $5.4 billion to raise its stake in its Indian unit, Hindustan Unilever (HUL), to up to 75 per cent in a bet on fast-growing spending power in Asia's third-largest economy. HUL shares s...
RComm falls after Bharti Airtel signs pact with Reliance Jio
Tuesday April 23, 2013
"(A) tie-up with Bharti means Reliance is open to players other than Reliance Comm as well, which decreases the probability of further deals between Reliance Communications and Reliance Industries," said G. Chokkalingam, executive director & chief in...
Alaska oil wealth fund's India exposure crosses Rs 1,000 crore
Sunday April 21, 2013
Alaska Permanent Fund Corp, which oversees the American state's oil wealth portfolio, has increased its investment in Indian stocks to over Rs 1,000 crore with increased holdings in bluechips like ICICI Bank, Infosys, HDFC and Reliance Industries Ltd...
I have already given 25% of my wealth to charity: Azim Premji
Friday April 19, 2013
Wipro chairman Azim Premji today said he has already given more than 25 per cent of his personal wealth to charity, but acknowledged it's not easy to use money well in philanthropy.
Morgan Stanley posts quarterly profit at $958 million as wealth management grows
Thursday April 18, 2013
Morgan Stanley reported a stronger-than-expected first-quarter profit of $958 million, compared with a year-earlier loss of $119 million, as its wealth management business grew.
Watchman boasted of wealth, friends kidnapped his 3-yr-old son for ransom
Mid-Day.com | Thursday April 18, 2013
A drinking session and boasting about his wealth proved near fatal for a watchman from Nallasopara after his friends, assuming that Sunil Pandey had property worth lakhs at his village, kidnapped his three-year-old son and demanded a ransom of Rs 2 l...
China dismisses Pulitzer Prize for New York Times story on former premier's wealth
Press Trust of India | Tuesday April 16, 2013
China today dismissed the Pulitzer Prize winning New York Times story as a report published with "ulterior motives", which had accused former premier Wen Jiabao and his family of amassing a USD 2.7 billion wealth.
Heir to Johnson & Johnson wealth buried in Poland
Reuters | Monday April 15, 2013
Barbara Piasecka Johnson, a former maid who married the American heir to the Johnson & Johnson fortune, was buried on Monday in her home town in Poland after a modest funeral attended by about 200 people.
Hinduja Group plans to rope in Gulf investors for India projects
Saturday April 13, 2013
Hinduja Group plans to rope in Gulf investors including UAE's sovereign wealth funds as partners for power and other infrastructure projects in India, the UK-based $25 billion diversified conglomerate said on Saturday.
