To check Oneindia News on your Mobile
go to:   http://m.oneindia.in/news/
  •  

Ranabaxy forms Religare-financial services window

 [IST]
New Delhi, Mar 10: Pharma major Ranbaxy Laboratories today announced the formation of 'Religare Enterprises Limited (REL)' which will provide financial services to its corporate, retail and wealth management clients.

'' The formation of Religare Enterprises is a strategic decision to consolidate and strengthen financial care business, an acknowledgement of group's commitment to everage tremendous opportunities in this segment,''Ranbaxy laboratories Managing Director Malvinder Mohan Singh said here.

Religare plans to establish teams of client-centric wealth managers who will be able to provide customised services in all asset classes including equity, commodities, real estate, international equity and structure investment.

Managing Director and CEO of REL Sunil Godhwani said:'' We are successfully building Religare into an integrated financial servises company.'' The company through its four subidiaries would continue to provide its portfolio mannagement, wealth management, retail equity trading, commodity trading, and mutual funds from its more than 150 locations, Mr Mohan Singh said.

UNI
Other articles published on March 10, 2006

Bull run lifts Sensex by 191 pts to new closing high of 10,765

Friday, March 10, 2006,18:33 [IST]
Mumbai, Mar 10: The stock markets came back strongly today (Mar 10, 2006) with the benchmark index zooming to a new high of 10,765, up by 191 points (1.81 pc), on the back of all round buying in the bluechip scrips.Strong foreign fund buying on Wednesday and 8.3 per cent industrial growth data for January, 2006, triggered today's bull run.The net inflow of Rs 832.30 crore by the Foreign Institutional Investors (FIIs) in the cash market on Wednesday.....
Read More

Rupee closes weaker at 44.49/50/USD

Friday, March 10, 2006,18:33 [IST]
Mumbai, Mar 10 (UNI) The rupee today closed weaker at 44.49/50 per US dollar as against the close of 44.47/48, a dealer at the forex market here said. Earlier Rupee today opened weaker at 44.53/54, as against the last close of 44.47/48, the dealer added. The rupee traded in the range of 44.5150 to 44.54 in the mid-morning session. The Bombay Stock Exchange Sensitive Index today closed with a massive gain of 191 points at 10,765 points.....
Read More

11.2 per cent rise in revenues of GSM operators

Friday, March 10, 2006,18:34 [IST]
New Delhi, Mar 10 (UNI) Private GSM Mobile Operators have recorded a rise of 11.2 per cent in the revenues in the third quarter of the current financial year (October to December 05) but the Average Revenue Per User (ARPU) generated for each customer unit has gone down. Inspite of a rise in the Adjusted Gross Revenue, the private GSM industry has witnessed a fall in ARPU. The average industry ARPU has fallen from Rs 390.....
Read More

ADB Chief says Indian economy can grow 9-10 per cent

Friday, March 10, 2006,18:34 [IST]
New Delhi, Mar 10(UNI) ADB President Harihiko Kuroda today offered support for reinvigorating Indian agriculture and made out a strong case for stepping up the reform process and rapid development of infrastructure to achieve an annual economic growth rate of nine to ten per cent. Mr Kuroda told newspersons here the ADB expected the Indian economy to grow eight per cent, in line with a government forecast for 8.1 per cent growth. "Indian economy is.....
Read More

EC cracks whip, arms ammunition recovered

Friday, March 10, 2006,18:34 [IST]
Guwahati, Mar 10 (UNI) The Election Commission(EC) has started cracking whip on the anti-socials of Asom as the police recovered large number of arms and ammunition in their ongoing operation before the state goes to the polls. Chief Electoral Officer(CEO) J P Prakash told newsmen here today that 24 arms, 94 rounds of ammunition and 3 kgs of explosives have been recovered from the state in the past few days. The EC has sought a list.....
Read More
User Comments
[ Post Comments ]
Be the first to comment on this article.
Oneindia  Oneindia Login
People Talk
anamikaonDownload Tamil Nadu State Board (HSC) 12th Results
AmaronDiesel tank bursts in collision, 9 dead in TN
bhavanaonWB: TMC launches party's new English mouthpiece
ashu vidyarthionThe youngest Chief Minister of Uttar Pradesh: Akhilesh Yadav
Achru kotwalonWhat is NCTC? & Why Chief Ministers oppose NCTC?

Video Gallery