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Entry load abolition will benefit MF industry: Religare AMC
Private sector mutual fund house Religare AMC, a relatively new but fast-growing player, today said that abolition of entry load charged to investors will benefit the company and the industry as a whole.

SMEs favour new, cheaper machines
While imports continue to be the order of the day in acquiring metal forming machines, SMEs in India are slowly moving away from the pre-used machinery market for low and mid-range-priced machines. They are now looking at new products from the domestic market as well as those from countries like China, Taiwan, Korea, Brazil and Turkey.

News of the day

Geneva referendum backs plan to extend WTO headquarters
The World Trade Organization will remain in Geneva, Switzerland. That is what the voters of this city decided today in a special referendum.
Public Relations

Barclays opens Hyd branch

Barclays Global Retail Banking (GRB), India, the retail banking business of financial services provider Barclays, is evaluating possible targets for mergers and acquisitions to accelerate its growth in the country. It has been growing at two branches a year in the last three years, according to interim managing director and chief operating officer Ram Gopal. - Unknown quantity - Finance woes stifle rural auto sales Speaking to the media here on Wednesday to announce the launch of its Hyderabad operations, he said the present market conditions would allow some opportunities for acquiring other banks. Barclays has 1.8 billion pound (Rs 13,860 crore) on its balancesheet from India operations including about one billion pound (Rs 7,700 crore) from retail and another 80 million pound (Rs 6,160 crore) from corporate business segments, he said. The Hyderabad branch is its seventh in the country. The others are at Mumbai, New Delhi, Junagadh near Rajkot, Kanchipuram (near Chennai), Nelamangala (near Bengaluru) and Ahmednagar in Maharashtra. He said Barclays would focus on the retail segment as there is scope to grow in home loans, loans against properties and personal loans among others. It will also broaden its offerings in savings, wealth management and wealth generation.


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