next »

[Lavanay]

Reliance Capital  - Buy and forget

Target: 3100

Buy this reliance stock and be a part of India's largest wealth creator company Reliance.
Financial performance is improving day by day and they are entering new joint ventures.

On December 12, 2007 it announced a proposed investment by Eton Park, a leading global investor, in Reliance Capital Asset Management Ltd (RCAM), a 100% subsidiary of RCL.

Eton Park is a global, multi-disciplinary, team-oriented investment organization, dedicated to delivering superior risk-adjusted returns over a multi-year period. Eton Park currently manages over US$ 10 billion through its offices in New York, London and Hong Kong.

It is also in fray for acquiring a stake in Jeh Wadia's Go Air

This blue chip is must for every Indian.

Disclosure: I personally hold this stock from lower levels.

[Lavanay]

Look at Reliance Capital !!

Its rocking!

[Sumans_Fan]

Start accumulating the shares of this cash rich company

[Lavanay]

Reliance Money, a subsidiary of Reliance Capital, has tied up with Nasdaq-listed Sify to distribute its financial products and services through over 3,300 Sify i-Way retail outlets in more than 150 cities.

"This alliance will help expand the distribution reach of our products and services exponentially. It will help us tap the day-traders and youngsters who frequent the internet caf‚," Mr Sudip Bandyopadhyay, CEO and Director, Reliance Money, told Business Line.

The Sify i-Way outlets are run by independent franchisees of Sify. Reliance Money would train the personnel at i-Way outlets on its financial products and services.

Cable Network

Besides access to the Sify i- Way outlets, this tie-up would also help Reliance Money to enter Indian homes on the back of Sify's cable distribution franchisee network of about 3,000 persons.

For Sify, this tie-up could result in additional revenues as well as increased walk-ins to their i-Way outlets.

[Lavanay]

Relience capital recovering fast in the overall down market..

[Lavanay]

Anil Ambani's Reliance Money Unit Plans Foray Into Hong Kong 

Indian billionaire Anil Ambani's Reliance Money retail-broking unit began a foray into Hong Kong's $400 billion fund-management market in partnership with a local broker.

The company, a division of Mumbai-based Reliance Capital Ltd., aims to manage investments in the South Asian nation for institutional investors and expatriate Indians living in Hong Kong and China, Chief Executive Sudip Bandyopadhyay said today.

Reliance Money is targeting a bigger share of the record $19.5 billion invested in India last year by overseas funds, more than double the funds invested in the previous year. About 70 percent of funds sent to India by institutional investors goes through Hong Kong, Bandyopadhyay said in an interview today.

Reliance Money is also wooing the 25 million Indians living outside the country. It earlier opened branches in the Middle East, and plans to set up an outlet in London within a few months, and in Singapore, the chief executive said.

In Hong Kong and China, Reliance aims to sell broking and wealth management services to expatriates with at least $50,000 through its alliance with Hong Kong-based Goldride Securities Ltd., Bandyopadhyay said. Goldride will also assist in transactions for resident Indians seeking to invest in Hong Kong and China, he said.

Hong Kong has at least 200 fund management companies managing more than $400 billion invested in Asia, including India, according to Reliance's statement today.

Overseas operations will contribute 50 percent of Reliance Money's revenue in five years, Bandyopadhyay said.

Sensitive Index

The Bombay Stock Exchange's Sensitive Index, or Sensex, climbed for the sixth straight year in 2007 as investors tapped opportunities in the world's second-fastest growing major economy. This year, the index has slipped 19 percent amid concerns that the growth may slow.

Within India, the company plans to grow its customer base of 2.2 million by tenfold, Bandyopadhyay said at a press conference in Hong Kong, without giving a timeframe.

``We are just scratching the surface there,'' he said, adding that there are 13 million mutual fund accounts in India currently.