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Indiabulls Housing extends relief measures for families of Covid-hit staff


Indiabulls Housing extends relief measures for families of Covid-hit staff
​ By
IANS
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Indiabulls.. Image Source: IANS News
New Delhi, May 23 : Indiabulls Housing Finance has extended its support initiatives for the Covid-hit employees and their families.
The company has decided that in case of a death of any of its employees due to Covid, it would continue to pay the monthly salary to the bereaved family for a period of two years, among other measures.
In an email to the employees, Gagan Banga, MD of Indiabulls Housing Finance Limited said: I would like to reassure all of you that Indiabulls Housing is behind your family and you. In the unfortunate event of the demise of any of our employees to Covid, we will continue to pay the monthly salary of our employee to their family for two years. ....

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Cyril Amarchand Mangaldas advises Groww on acquisition of Indiabulls Mutual Fund


Cyril Amarchand Mangaldas advises Groww on acquisition of Indiabulls Mutual Fund
ANI |
Updated: May 12, 2021 13:27 IST
New Delhi/ Mumbai (Maharashtra) [India], May 12 (ANI/NewsVoir): Cyril Amarchand Mangaldas advised Nextbillion Technology Private Limited (Groww Group), India s leading investment tech-platform, on its acquisition of Indiabulls Asset Management Company Limited and Indiabulls Trustee Company Limited, the asset management company and trustee company, respectively, of Indiabulls Mutual Fund, from its sponsor, Indiabulls Housing Finance Limited, subject to necessary approvals.
This is the first transaction in India under SEBI s new sponsor eligibility criteria for mutual funds.
Cyril Amarchand Mangaldas advised Groww and the transaction and regulatory team was led by Anu Tiwari, Partner; with support from Anindita Bhowmik, Partner; Sushim Aryan, Senior Associate; and Aditya Sarkar, Associate. ....

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Will Nifty reflect positive global cues? - The Hindu BusinessLine


April 22, 2021
SGX Nifty points a 100-point gap-down opening
Indian markets continue to be on the edge as rising Covid crisis and its impact on the economy haunt investors, especially foreign institutional investors. While the global markets, both the US and Asian markets, are giving out bullish signals, SGX Nifty at 14,193 (8 am) indicates at least a 100-point gap-down opening for Nifty futures, which on Tuesday closed at 14,296 on the NSE.
Overnight, US stocks closed about one per cent higher. Following suit, Asian stocks such as Japan, China, Korea and Hong Kong are significantly up in the range of 0.4-1.8 per cent. Australian markets, however, are ruling flat with marginal gains. ....

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