Japanese insurance major Dai-ichi Life Holdings has invested $40 million to buy about 11% stake in D2C Insurance Broking, which is the holding company for digital insurance marketplace RenewBuy. This is part of the company s Series D fundraise while the promoters are negotiating with a few other investors to mobilise another $10-$20 million in primary deals.
Mumbai (Maharashtra) [India], August 17 (ANI/BusinessWire India): Vastu Housing Finance Corporation Limited, one of the country's leading digital-first housing finance companies has announced the appointment of Vishu Ramachandran on its Board as an Independent Director. Ramachandran is a globally acclaimed banker with hands-on experience in retail banking, risk management, operations, digital transformations, strategy, and corporate finance. He has worked for more than 35 years at Standard Chartered Bank in significant leadership roles and has been at the forefront of building the bank's franchise across Asia, the Middle East, and the African region. He is currently serving as a Non-Executive Board Member, Chairman of Board Risk Committee, Member of Audit Committee at Standard Chartered Bank Singapore Ltd. (SCBSL), and as the Board Chairman at Go Pik Connect Private Limited. Ramachandran is a Chartered Accountant from the Institute of Chartered Accountants of India and a gradua
Licious has raised $52 million from IIFL Asset Management Ltd’s private equity fund at a billion-dollar valuation, making the online fish and meat store the 29th Indian startup to enter the unicorn club this year
Diverse sectors will take part in market rally now: Anup Maheshwari of IIFL AMC
“We are bullish on the financial sector because financials need to do well if the economy has to do well.”
Synopsis
Though valuations are not cheap, the equity market is still in an investible range due to low interest rates and the expected good earnings cycle, Anup Maheshwari, CIO, IIFL AMC, tells ET Wealth. Here is his take on favourable sectors, equity market going ahead and more. We are bottom-up stock pickers and usually don’t take market valuation based views , says Anup Maheshwari, CIO, IIFL AMC. In this interview with ET Wealth, he discusses how he read the stock market right now especially, the sectors he is bullish on going forward and gives some advice to equity investors.
Synopsis
IIFL Asset Management (IIFL AMC) has appointed Manoj Shenoy as its chief executive officer with effect from February 2, 2021, said a statement issued today.
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IIFL Asset Management (IIFL AMC) has appointed Manoj Shenoy as its chief executive officer with effect from February 2, 2021, said a statement issued today.
Shenoy joined the IIFL Wealth group (IIFLW) in April 2020 as executive director following IIFLW’s acquisition of L&T Capital Markets (LTCM), a wholly-owned subsidiary of L&T Finance Holdings (LTFH).
He has close to three decades of experience in the financial services industry. Prior to joining IIFL Wealth & Asset Management, he was CEO at L&T Financial Services - Wealth Management business. Besides a stint as CEO of EFG Wealth Management India, a subsidiary of EFG Bank - a boutique Swiss private bank, he was also executive director at Anand Rathi Financial Services.