IDFC acquires StanChart's Indian asset management arm for $205mn

Standard Chartered Plc, the London- based bank that gets most of its profit in Asia, agreed to sell its Indian fund-management unit to Infrastructure Development Finance Company(IDFC) for $205 million.
Based in Mumbai and best-known as Infrastructure Development Finance Company(IDFC), the buyer finances roads, ports and utilities in India. It will pay cash for the unit and plans to complete the purchase in the second quarter pending regulatory approval, Standard Chartered said in statement on march 7,2008.
"Standard Chartered will remain a distributor of asset- management products in India" Asia head Jaspal Bindra said in the statement."India is a key market"
IDFC's acquisition marks its first move into large-scale wealth management. IDFC will compete with Reliance Capital Asset Management Ltd., the biggest fund manager in India, and overseas managers including Franklin Resources Inc. and Fidelity International Ltd.

11 comments:

Anonymous said...

Franklin Resources (BEN) turned $1,000 into $1,000,000 during the 18 years of the great U.S. bull market of the '80's and '90's. I know which asset manager I'll be investing in.

www.ShareTipsInfo.com Team said...

Dear Visitors,

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and NSE. Full form of BSE is Bombay stock exchange covering SENSEX
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Major suport-4660 below it next will be 4400.If breached then 4000.

On upper side Res- 5025 closed above can take Nifty to 5150-5200 . 2-3
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Have a Nice trading days ahead.

Regards


SHARETIPSINFO TEAM

9891655316
9899056796
9891890425

www.ShareTipsInfo.com Team said...

Dear Visitors,

This Blog is really nice and informative. We are pleased to know this
blog is really helping people. Its our pleasure to post
Informative content on this useful blog created by webmaster.

As we all know major stock market exchanges in India are

BSE
and NSE. Full form of BSE is Bombay stock exchange covering SENSEX
where as

NSE is
National stock exchange covering Nifty and Nifty stocks.

Now a days USA is facing recession which is affecting world market and
recently we have witnessed major fall in Nifty and Sensex.

In this fall many investors were trapped and loosed around 50% to 70%
of their portfolio which is a major issue and need to be taken care
of.

Stock market is risky and will remain risk always still one can
minimize risk factor in it by using proper stoploss. As the name suggest
Stoploss , it stops the losses
which one can incur in the market.

There are few levels which we call support and resistance level which
we suggest one should strictly follow for coming days if they want to
survive in stock market.


Right now Nifty is direction less

Major suport-4660 below it next will be 4400.If breached then 4000.

On upper side Res- 5025 closed above can take Nifty to 5150-5200 . 2-3
closings above 5200 means 5400.

We suggest strictly follow these level and enter in market as per these
levels as these are very crucial levels technically.



Please feel free to contact us for any query.


Have a Nice trading days ahead.

Regards


SHARETIPSINFO TEAM

9891655316
9899056796
9891890425

www.ShareTipsInfo.com Team said...

Dear Visitors,

This Blog is really nice and informative. We are pleased to know this
blog is really helping people. Its our pleasure to post
Informative content on this useful blog created by webmaster.

As we all know major stock market exchanges in India are

BSE
and NSE. Full form of BSE is Bombay stock exchange covering SENSEX
where as

NSE is
National stock exchange covering Nifty and Nifty stocks.

Now a days USA is facing recession which is affecting world market and
recently we have witnessed major fall in Nifty and Sensex.

In this fall many investors were trapped and loosed around 50% to 70%
of their portfolio which is a major issue and need to be taken care
of.

Stock market is risky and will remain risk always still one can
minimize risk factor in it by using proper stoploss. As the name suggest
Stoploss , it stops the losses
which one can incur in the market.

There are few levels which we call support and resistance level which
we suggest one should strictly follow for coming days if they want to
survive in stock market.


Right now Nifty is direction less

Major suport-4660 below it next will be 4400.If breached then 4000.

On upper side Res- 5025 closed above can take Nifty to 5150-5200 . 2-3
closings above 5200 means 5400.

We suggest strictly follow these level and enter in market as per these
levels as these are very crucial levels technically.



Please feel free to contact us for any query.


Have a Nice trading days ahead.

Regards


SHARETIPSINFO TEAM

9891655316
9899056796
9891890425

www.ShareTipsInfo.com Team said...

Dear Visitors,

This Blog is really nice and informative. We are pleased to know this
blog is really helping people. Its our pleasure to post informative
content on this useful blog created by webmaster.

As we all know
Indian
stock market
is guided by global market now days and most of the
investors are still trapped in market due to recent fall.

They were unaware about past correction. However still they are holding
lot many scripts in there portfolio and we feel they would like to
know the future prospect of those shares.

In order to facilitate all traders and investors we are coming up with
new stock market section in which all investors and traders will come
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site.

One more good news we are also coming up with Live
href="http://sharetipsinfo.com" title="stock market commentary"> stock market
commentary
. You can stay online on the site for latest updates.
We assure you it will be very useful for everyone. As we will take care
of all investors and traders.



Please feel free to contact us for any query.


Have a Nice trading days ahead.



Regards


SHARETIPSINFO TEAM

9891655316
9899056796
9891890425


NOTE – Please note we have not posted this article for our promotional
purpose. We have posted it in this blog just to let people know that we
are here to guide them and they can get useful information on our
site. Which can answer there many queries.

Still if you feel we have offended your blogs policies then we are
sorry for it and inform us we will take care in future.

Anonymous said...

Dear Visitors,

This Blog is really nice and informative. We are pleased to know this
blog is really helping people. Its our pleasure to post informative
content on this useful blog created by webmaster.

As we all know
Indian
stock market
is guided by global market now days and most of the
investors are still trapped in market due to recent fall.

They were unaware about past correction. However still they are holding
lot many scripts in there portfolio and we feel they would like to
know the future prospect of those shares.

In order to facilitate all traders and investors we are coming up with
new stock market section in which all investors and traders will come
and post there queries, suggestions and we will post reply too and
moderate it aswell.

We feel it will give good information and boost to the sentiments of
investors and traders as they can extract relevant information from

our
site.

One more good news we are also coming up with Live
href="http://sharetipsinfo.com" title="stock market commentary"> stock

market
commentary
. You can stay online on the site for latest updates.
We assure you it will be very useful for everyone. As we will take

care
of all investors and traders.



Please feel free to contact us for any query.


Have a Nice trading days ahead.



Regards


SHARETIPSINFO TEAM

9891655316
9899056796
9891890425


NOTE – Please note we have not posted this article for our promotional
purpose. We have posted it in this blog just to let people know that

we
are here to guide them and they can get useful information on our
site. Which can answer there many queries.

Still if you feel we have offended your blogs policies then we are
sorry for it and inform us we will take care in future.

www.ShareTipsInfo.com Team said...

Dear Visitors,

This blog is really nice and informative. We are pleased to know this blog is really helping people. Its our pleasure to post informative content on this useful blog created by webmaster.

Its like NSE and BSE
both are running out of volumes due to weak stock market trend from the beginning of 2008. We have seen new highs of Nifty and Sensex in the past and now they are trading on lower sides which is hampering the confidence of traders and investors. Fall in BSE
and NSE
resulted in lost of around 60% - 70% portfolio of investors though traders are minting money in week market too.

One point to be noted and learned is that people are investing money by ignoring all fundamentals and technical aspects. We request all of investors and traders that Invest money wisely its hard earned money do research work only then invest if you don't have time to do research work let professionals do it for you.

Think twice thrice before investing blindly without backed by technical and fundamental research.

Have a Nice trading days ahead.



Regards


SHARETIPSINFO TEAM

+91 9891655316
+91 9899056796
+91 9891890425

santoshi prasad said...

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santoshi prasad said...

Indian markets prohibition of insider trading  were witnessing a lackluster session as traders continued to remain on sidelines due to lack of trading tips cues from global peers. Traders were also cautious ahead of Reserve Bank of India meet. Insider trading stock the central bank is likely to raise rates by 25bps.“The operator trading tips is likely to be subdued. The Nifty is hovering stock tips around its 200-DMA operator stock trading tips levels. Expect a range-bound day as stock market tips should adopt a defensive trading strategies in view of the result season and the upcoming intraday tips RBI meet next week This has further raised stocks expectations that RBI will raise rates by mostly a quarter percentage point on Tuesday,” said IIFL report.National Stock Exchange’s Nifty was at 5775.40, down 10.05 points or 0.17 per cent.The broader index operator share tips touched a high of 5804.30 and low of 5771.20 in trader so far.Bombay Stock Exchange’s Sensex was at 19260.0 down31.93operator calls points or 0.17 per cent. The 30-share trading index hit a high of 19356.50 and low of 19237.72 in early operator's stock tips. for more details please visit to:-http://www.insidercalls.com and www.operatorcalls.com (an initiative from www.puntergroups.com )

santoshi prasad said...

Indian markets prohibition of insider trading  were witnessing a lackluster session as traders continued to remain on sidelines due to lack of trading tips cues from global peers. Traders were also cautious ahead of Reserve Bank of India meet. Insider trading stock the central bank is likely to raise rates by 25bps.“The operator trading tips is likely to be subdued. The Nifty is hovering stock tips around its 200-DMA operator stock trading tips levels. Expect a range-bound day as stock market tips should adopt a defensive trading strategies in view of the result season and the upcoming intraday tips RBI meet next week This has further raised stocks expectations that RBI will raise rates by mostly a quarter percentage point on Tuesday,” said IIFL report.National Stock Exchange’s Nifty was at 5775.40, down 10.05 points or 0.17 per cent.The broader index operator share tips touched a high of 5804.30 and low of 5771.20 in trader so far.Bombay Stock Exchange’s Sensex was at 19260.0 down31.93operator calls points or 0.17 per cent. The 30-share trading index hit a high of 19356.50 and low of 19237.72 in early operator's stock tips. for more details please visit to:-http://www.insidercalls.com and www.operatorcalls.com (an initiative from www.puntergroups.com )

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