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Reliance Capital gains on tie-up with Nippon Life
Reliance Capital gained on Friday after Nippon Life Insurance Company signed final agreements with the company and it has acquired 26% stake in Reliance Capital Asset Management (RCAM), the Asset Management Company (AMC).
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K V Srinivasan promoted as a CEO of Reliance Consumer Finance
K V Srinivasan has been elevated as the chief executive officer (CEO) of Reliance Consumer Finance, as part of the company’s overall growth plans.
The announcement was made by Sam Ghosh, CEO, Reliance Capital Ltd, in Mumbai on Tuesday.
Srinivasan, who was earlier Dy CEO of Reliance Consumer Finance, will further strengthen the organisation and continue to provide it direction and focus.
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Reliance Capital to lend to corporates says CEO Sam Ghosh
At a time lending to firms has slowed, Reliance Capital Ltd is set to enter the business to plug the “only missing link†in its portfolio, chief executive Sam Ghosh said.
He said the new unit will start lending only around July and will till then focus on preliminary appraisals. “Even then, we will not start aggressively. Our focus will be to try and grow conservatively,†Ghosh told Mint.
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No firing, only hiring at ADAG – Anil Ambani
In the midst of massive layoffs being announced by various corporate houses hit by a global economic slowdown, Anil Ambani group today said it is not planning any job reduction and is rather planning to create up to 90,000 employment opportunities in the next few months.
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