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    Japan's Nomura buys 35% stake in LIC units for Rs3.1 billion
    Life Insurance Corp of India (LIC), the country's largest state-run insurer said Japan-based Nomura Asset Management Co Ltd has bought a 35% stake in its mutual fund units for about Rs3.1 billion.

    Nomura bought 35% stake each in LIC Mutual Fund Asset Management Co Ltd (LICMF) and LIC Mutual Fund Trustee Co Private Ltd (LICMF Trustee) as a strategic partner, Takumi Shibata, deputy...

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  • SEBI's ban on Jermyn Capital continues till Nov 2010
    Securities and Exchange Board of India (SEBI) said the restrictions imposed on Jermyn Capital LLC (JL) restraining the company from accessing the Indian securities market and from buying, selling and dealing in securities in the Indian market will continue till 30th November 2010.
     
    However the order from SEBI said the revised timeline debarring Jermyn from dealing in the securities...
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