If you are into IT/Software Sector or say in any sector and can bring overseas contracts (or any domestic business related to the software sector), with a stress on Digital Marketing/Content Writing/Website Development/Reputation Management/SEO/SMM, etc, then you can join me as a partner or associate.
We will give you, the business development portfolio and pay you handsome amounts for your efforts. It does not matter, in which part of the world you are, as long as you can bring businesses. If you are interested, please send me at mail at: suman2005s@rediffmail.com.

Tuesday, January 27, 2015

Reliance Capital expects turnaround in insurance business in 2015 
Firm will continue with its ongoing policy of exiting from the day-to-day operations of non-core businesses, says CEO
Reliance Capital is also likely to soon divest more equity in its life insurance venture to its foreign partner Nippon Life (which currently holds 26% stake). Photo: Abhijit Bhatlekar/Mint
Mumbai, January 04 2015: Confident about further growth in its mutual fund and securities market businesses, financial sector conglomerate Reliance Capital Ltd expects a turnaround in its life insurance business as well in 2015. 

Besides, the group should record a faster growth in its general insurance venture this year, Reliance Capital chief executive officer (CEO) Sam Ghosh said. He said the 2014 has been very good for Reliance Capital in areas like mutual funds and brokerage businesses, although growth was somewhat stagnant in the life insurance segment. 

I expect the growth trends to continue in the mutual fund and broking businesses, while life insurance should see an uptick. Besides, general insurance should also see faster growth in 2015,” Ghosh told PTI in an interview. 

Speaking about the business outlook for 2015, Ghosh said there is “a lot of positivity around and the same should result in good growth in commercial finance, SME finance and other businesses as well”. 

Ghosh also said Reliance Capital would continue with its ongoing policy of exiting from the day-to-day operations of non-core businesses and there could be more divestments of such assets in 2015. However, it may not be complete exits from such ventures and the group would rather focus on exiting the management of such ventures while retaining some as financial investments, he added. 

On the overall economy, Ghosh said the government is doing all the right things and therefore the economy should prosper and the same would reflect in the markets as well. “The services sector is already seeing an uptick and the manufacturing is also expected to grow going forward,” he said. 

Reliance Capital, financial services arm of industrialist Anil Ambani-led business conglomerate Reliance Group, is also likely to soon divest more equity in its life insurance venture to its foreign partner Nippon Life (which currently holds 26% stake). 

Besides, Reliance Capital also plans to rope in foreign partners for its health insurance and general insurance ventures. Taking an ordinance route, the government has permitted up to 49% foreign investment in insurance. 

Reliance Capital has interests in asset management and mutual funds, life and general insurance, commercial finance, equities and commodities broking, among others. 

It had reported 20% rise in its second quarter net profit at Rs.217 crore, helped by robust growth in mutual fund, commercial finance and general insurance businesses. Total income rose by 12% to Rs.2,084 crore for the quarter ended 30 September. 

As it awaits final Reserve Bank of India (RBI) guidelines to apply for a universal banking license, Reliance Capital has also roped in Sumitomo Mitsui Trust Bank of Japan as a long-term strategic partner.

Courtesy: Live Mint
Post a Comment