capital

Tatas entering into banking

11 jul 2007

Tatas entering into banking
Recently formed Tata Capital is picking up a 4.6% stake in Development Credit Bank (DCB) for about Rs.85 crore fueling speculation that this may be a beginning of Tata Sons’ interest in establishing a banking entity.

Anil Ambani may venture into Investment Banking

12 jun 2007

Anil Ambani may venture into Investment Banking
During January-May 2007, total equity deals stuck by Indian corporates amounted to $50billion, an all time record. Buoyed by this and increasing offshore deals and fund raising activities, ADAG’s Reliance Capital is planning to foray into investment banking and merchant banking advisory services to further enhance its financial services portfolio.