ArthVeda Fund Management will restrict itself to only real estate funds but intends to grow its fund management business across different asset classes
Dewan Housing Finance Corporation Ltd (DHFL) has announced the re-alignment of its asset management business.
The company has redefined and expanded its AMC business by announcing the change in the brand identity of DHFL Venture Capital India Pvt Ltd, a real estate fund management to ArthVeda Fund Management Pvt Ltd (AVFM). The new brand identity is that of a fund management company that will restrict itself to only real estate funds but intends to grow its fund management business across different asset classes, such as, infrastructure, private equity, listed equities and others.
The successful re-alignment of AMC business and the broadened strategic vision created for ArthVeda will be under the stewardship of the senior-most and successful managers in the DHFL group, the former CEO of DHFL, Bikram Sen, who now becomes the CEO of ArthVeda Fund Management.
According to the survey, 59% of Indians (lower than regional average of 67%) feel their health is not as good as it was 5 years ago, a prevalent sentiment even amongst those under 30 years
AIA Group Ltd has recently released Healthy Living Indices for 15 markets based on a pan-regional survey examining the healthy living habits of over 10,000 adults across Asia Pacific, including 1,018 respondents from India. The AIA Healthy Living Index was commissioned by AIA and conducted by TNS, a consumer research company.
The AIA Healthy Living Index, which surveyed people aged 18-65 years old in 15 markets, is based on these adults’ satisfaction with their health and the extent to which healthy habits form part of their routine.
The survey revealed an average Healthy Living index of only 61 (with nine markets showing indices of less than 60)—well below the maximum of 100, indicating that there is much room for improvement in terms of Asia-Pacific adults’ satisfaction with their health. India’s index of 61 is same as the regional average. According to the survey, 59% of Indians (lower than regional average of 67%) feel their health is not as good as it was 5 years ago, a prevalent sentiment even amongst those under 30 years. ‘Eat healthier food’, ‘happy frame of mind’, ‘good family relationship’, ‘manage one’s time well’ and ‘good work life balance’ are the most important contributors to healthy living in India.
Top health concerns in India are ‘not enough sleep’ and ‘weight too high’. Sleep deprivation in India is 1.7 hours–a little higher than the regional average of 1.3 hours. 24% of Indian adults want to lose weight. 64% of Indian adults say that they had a medical check up in past 12 months (slightly higher than the regional average of 56%). Majority of Indian adults say they would have health checks more often if these were not so expensive.
Mark Tucker, group chief executive & president of AIA said, “The results from the first AIA Healthy Living Index not only confirmed the importance of Healthy Living to people from all walks of life and all ages, but also provided valuable insight into the attitudes and behaviors of adults toward their own health.”
“According to our survey results, the Healthy living report card for Asia Pacific is not good. Adults across the region are not very satisfied with their own health, feel they are sleep deprived, believe they do not exercise enough and want to lose weight. Despite universal awareness of the importance of healthy living and the things they can do to lead a healthier life, many adults across the region have not turned such awareness into action,” Mr Tucker said.
The three new entrants on the MSCI Global Standard Index (India) would replace SAIL, Housing Development and Infrastructure (HDIL) and Indiabulls Real Estate, with effect from 30th November
New Delhi: MSCI, a leading provider of benchmark indices globally, has decided to rejig its India Index to include three new stocks—Bharti Airtel, Idea Cellular and Power Finance Corporation (PFC), reports PTI.
The three new entrants on the MSCI Global Standard Index (India) would replace SAIL, Housing Development and Infrastructure (HDIL) and Indiabulls Real Estate, with effect from 30th November.
In another change, MSCI has decided to remove two stocks of the Vijay Mallya-led UB group—Kingfisher Airlines and United Breweries Holdings—from its Small Cap Index for India, along with other changes in this index.
Besides, Bharti Airtel would also be included in the MSCI Emerging Markets Index, along with Colombian firm Grupo Aval Acciones Pref and Chinese retailer Sun Art Retail Group.
All the changes would come into effect from 30th November and are part of a semi-annual index review for the MSCI Equity Indices, MSCI said in a statement.
Reacting to the news of their inclusion on the MSCI index, share prices of Bharti Airtel, Idea Cellular and PFC, jumped up on the bourses in Mumbai.
Bharti Airtel rose by 0.42% in post-noon trade to Rs 403.15, Idea Cellular surged 4.49% to Rs98.90 and PFC was up 4.76% to Rs168.20 on the BSE.
At the same time, HDIL fell by 6.56 per cent to a low of Rs 73.35, Indiabulls Real Estate dropped 3.73 per cent to Rs 65.65 and SAIL slumped 6.06 per cent to Rs 93 on the BSE.
MSCI has also rejigged its MSCI Global Small Cap Indices, where it would add ten new Indian stocks -- Britannia Industries, Eros International, HDIL, Indiabulls Real Estate, Indian Overseas Bank, Lanco Infratech, M&M Financial, Patni Computer and Texmaco.
At the same time, as many as 47 Indian stocks would move out of the MSCI Global Small Cap Index. These include Kingfisher Airlines, Bajaj Finserv, Birla Corp, Dish TV, Great Offshore, GTL Ltd, ING Vysya, Jubilant Life Sciences, K S Oils, Pantaloon Retail and United Breweries Holdings.