In a release, Religare said Swiss Re will be a minority shareholder and will seek to provide its actuarial, risk management and underwriting expertise to the new venture. The proposed joint venture will seek to commit...
Only a few years ago, some publications were lionising Nirmal Kotecha as a 29-year-old whiz-kid who had made it big through his investment brilliance. In 2006, Business Today even put him on par with long-term value investors such as Prof Shivanand Mankekar and Rakesh Jhunjhunwala. Even at that time, the central intelligence agencies had been tracking Nirmal Kotecha and another player ...
One of the unsung companies in the financial services sector is Gruh Finance (GFL), set up by HDFC to replicate its home financing business model in semiurban and rural areas. GFL provides long-term finance to individuals for construction, purchase, extension, repair and renovation of homes.
GFL also offers loans for purchase of non-residential properties like office premises and shops. HDFC...
