Reliance gets BP to sign the dotted line. FDI charts up to $30 bln despite a thanda 2010 http://india.advantages.us/a-tired-nation-awaits-with-open-arms-indias-e-0

Insurance Dropzone – Part II

Depression has changed a few facts in Insurance

New players like Reliance and old alike like LIC and ICICI Prudential, Axis planning IPOs ( rules require 10 yrs of Operations) _TYY4 less than 10 seconds ago from web

New players like Airtel have been non-starters _TYY4 3 minutes ago from web

Other players falling behind include quasi Asset management peddlers like ICICI Prudential and WL players like New York Life _TYY4 4 minutes ago from web

LIC held 40% share in the new business in 2007 and 56% in 2009 _TYY4 5 minutes ago from web

Shikha Sharma has joined Axis Bank as MD and ICICI wants a unified holding company alongwith SBI to manage as part of the bank!!

Indian Insurance Market: DLF to get out of Insurance when buyer is available- AIG, Prudential turned down _TYY421 minutes ago from HootSuite

Apna Bharat Mahaan – More India Trends:: Swine Flue catches Twitter http://tr.im/vIg0about 1 hour ago from TweetDeck

RT @mashable TWITTER PURGE: Top Twitter User Unfollows 106,000 Peoplehttp://bit.ly/3IMizabout 1 hour ago from TweetMeme

Trends in apna bharat mahan – It happens for Twitterindia Bank strike – Twitter Searchhttp://ow.ly/jfp1about 2 hours ago from HootSuite

Trends in “Apna Bharat Mahaan” Twitterindia speaks for Inflation down – Twitter Searchhttp://ow.ly/jfoJ (DON’T TOUCH BIT.LY) about 2 hours ago from HootSuite

I think someone shd check the bit.ly bug: they don’t shorten the complete url on search.twitter about 2 hours ago from HootSuite

Last but not the least Twitter India speaks on the RIL RNRL gas dispute http://ow.ly/jfnJ about 2 hours ago from HootSuite

Posted via web from The investment blog on Post

Insurance Tweets (India) :: Midweek Dropzone

1. New players like Airtel and HSBC have been non-starters _TYY4less than 10 seconds ago from web

More Capital for Reliance ADA Grp

At its RNRL and Reliance Capital AGMs today, Anil Ambani announced new Capital raising plans for its Insurance and Infrastructure companies including the Western Freeway Sealink, utilizing the current buoyancy in the markets to “unlock value” Thus efforts continue to overcome challenges to RNRL from the new legal action by customers and Government for actioning RIL PSC (Production Share Contracts)
 
Reliance ADA Grp made plans public for spending Rs 10000 Crores ($2b) to add 20MT pa capacity in Cement making apart from reiterating its earlier plans for Insurance ( That would be a large 1000 cr, $200m issue before QIP). Reliance also announced that it would be diversifying into Investment Banking later this year. They have recently floated a Domestic Investor focussed Private Equity fund and will obviously learn from previous aborted ventures of Rel Capital when it was more a shared concern of the two brothers as also a direct support line for Grand Ambani plans
 
In related news, Yes Bank has also organized a $250 m QIP while, IDFC has added 40K ESOPs to its capital and IFCI has acquired Rs 300 cr ( $60m of MCX from the software team at FTIL) The iron is hot, and ADA has always been the more financially literate and savvy teams.
 
 
[Tags India, India Infrastructure, IPOs, Infrastructure, Indian Economy, Reliance ADA, Anil Ambani]

Posted via email from The investment blog on Post