HDFC Asset Management Company: A big draw

6h premium.thehindubusinessline
Strong investor inflows, growing awareness and an upbeat capital market have augured well for the mutual fund industry in the last three to four years. HDFC Asset Management Company — consistently among the top two players in terms of assets under management (AUM) in the last few years — has been able to capitalise on the good fortunes of the industry, registering strong growth in revenues and profit.
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Guardian Acuity Asset Management Unit Trust Funds bags Gold and Silver 

12h lankabusinessonline
July 22, 2018 (LBO) – Guardian Acuity Asset Management underlined its position as one of Sri Lanka’s leading unit trust management companies, winning the Gold and Silver awards for the Best Unit Trust Fund at the CFA Sri Lanka Capital Market Awards 2018, held in Colombo Tuesday 26th June 2018.
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Colombo stocks finish higher for second straight week, JKH up 4%

2018-07-20 lankabusinessonline
July 20, 2018 (LBO) – The Colombo Stock Exchange closed higher for the second straight week. After several consecutive weeks of decline, the major indices have managed to string together back to back weeks of gains.
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Multi Finance to top up capital with Rs200mn private placement

2018-07-20 lankabusinessonline
July 20, 2018 (LBO) – Central Bank of Sri Lanka (CBSL) registered finance company Multi Finance is to increase its capital base by way of private placement.
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Fitch rates Singer Sri Lanka’s proposed debenture ‘A- (lka)(EXP)’

2018-07-20 lankabusinessonline
Jul 20, 2018 (LBO) – Fitch Ratings has assigned Singer (Sri Lanka) PLC’s (A- (lka)/Stable) proposed senior unsecured redeemable debenture issue of up to LKR1.5 billion an expected National Long-Term Rating of ‘A-(lka)(EXP)’.
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Janashakthi Life’s high-flyers qualify for million dollar round table

2018-07-20 lankabusinessonline
Janashakthi Insurance PLC announced that 14 members from its Sales team had qualified for the prestigious Million Dollar Round Table (MDRT) membership in 2018. This continues Janashakthi’s long streak of double digit MDRT qualifiers. Amongst this year’s group are several 2nd and 4th time qualifiers including H L A Harshana from the Company’s Colombo City Branch, who has qualified for an impressive 7th time.
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Nation Lanka Finance squeaks out a profit in the June quarter, deposits at Rs7.7bn

2018-07-20 lankabusinessonline
July 20, 2018 (LBO) – Colombo Stock Exchange listed company Nation Lanka Finance PLC (CSF) has turned a profit in the quarter ended June 30, 2018. The Central Bank of Sri Lanka (CBSL) registered finance company is the first listed finance company to report earnings for the quarter ended 20 days ago.
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HDFC AMC said to have priced its IPO lower than market expectation

2018-07-20 livemint
Mumbai: HDFC Asset Management Co. Ltd, which is launching its initial public offering (IPO) on 25 July, has priced its shares at ₹1,095-1,100 apiece, valuing the asset manager at ₹23,319 crore. The country’s second largest asset management company is a joint venture of mortgage lender Housing Development Finance Corp. Ltd (HDFC) and Standard Life Investments Ltd.
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'Huge growth potential for mutual fund industry in India'

2018-07-19 thehindubusinessline
The country’s mutual fund industry has a huge growth potential as Indian households’ savings amount to Rs 20-30 lakh crore, top official of an asset management company said today.
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Indian shares flat ahead of Friday's no-trust motion

2018-07-19 thehindubusinessline
Shares of various companies were muted on Thursday with losses in heavyweights such as Tata Consultancy Services Ltd offsetting gains in consumer stocks including Hindustan Unilever Ltd, a day ahead of a no-confidence motion against the government.
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HDFC mutual fund arm to launch its ₹2,800 crore initial share sale next week

2018-07-18 livemint
Mumbai: HDFC Asset Management Co. Ltd, the second largest mutual fund company in India, will launch its ₹2,800 crore initial public offering (IPO) on 25 July, the company said on Wednesday.
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Deepak Parekh wants to make HDFC Ergo larger before taking it public

2018-07-18 moneycontrol
The wait just got longer for investors eagerly looking forward to the listing of Housing Development Finance Corp's Ergo General Insurance Company.
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HDFC shares hit record high ahead of Rs 2,800cr AMC IPO next week

2018-07-18 moneycontrol
Housing Development Finance Corporation share price gained 1.2 percent intraday on Wednesday after its subsidiary HDFC Asset Management Company decided to open the initial public offering for subscription next week. (1-0)
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HDFC Bank stock gains 2% to hit all-time high after raising funds from parent firm

2018-07-18 moneycontrol
HDFC Bank share price rallied 2 percent intraday to hit a fresh record high of Rs 2,219 on Wednesday after raising of funds from its parent firm. (1-0)
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HDFC Bank raises Rs8,500 crore by issuing equity to parent HDFC

2018-07-17 livemint
New Delhi: HDFC Bank on Tuesday said it has raised Rs8,500 crore by issuing over 3.9 crore shares on preferential basis to its parent HDFC Ltd. (1-0)
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GAZIT GLOBE (GZT):  A Quality Global Shopping Center REIT That Is Reasonably Priced

2018-07-17 seekingalpha
This REIT sells at about 55% of its fair value while paying a 4.5% dividend yield. (3-0)
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HDFC Bank raises Rs 8,500 cr by issuing equity to parent HDFC

2018-07-17 moneycontrol
HDFC Bank today said it has raised Rs 8,500 crore by issuing over 3.9 crore shares on preferential basis to its parent HDFC Ltd. (1-0)
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HDFC AMC sets IPO price band at Rs 1,095-1,100

2018-07-17 thehindubusinessline
HDFC Asset Management Company, the country’s second largest mutual fund firm, has fixed a price band of Rs 1,095-1,100 per share for its initial public offering, through which it is estimated to garner Rs 2,800 crore. (1-0)
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Colombo stocks pop, led higher by John Keells Holdings (JKH)

2018-07-17 lankabusinessonline
July 17, 2018 (LBO) – The Colombo Stock Exchange finished markedly higher in one of the strongest days in weeks.
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Fitch downgrades Melsta Regal Finance; affirms 9 Sri Lankan Finance Companies

2018-07-17 lankabusinessonline
July 17, 2018 (LBO) – Fitch Ratings Lanka has downgraded Melsta Regal Finance’s National Long-Term Rating to ‘B(lka)’ from ‘A+(lka)’ and removed the Rating Watch Evolving while assigning a Stable Outlook.
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Softlogic & Samsung launch Global Samsung Experience Store in Sri Lanka

2018-07-17 lankabusinessonline
Softlogic partnered with Samsung to officially open its first branded Experience Store in Sri Lanka this week with a ribbon-cutting ceremony by Mr Ashok Pathirage, Chairman/Managing Director, Softlogic Holdings PLC & Mr Hanbae Park, Managing Director, Samsung Sri Lanka. The new Samsung experience store at 14 De Fonseka Place, Colombo 5 operates collaboratively with retail giant Softlogic Retail (Pvt.
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Dialog becomes Sri Lanka’s first cloud service provider to offer VMware

2018-07-17 lankabusinessonline
July 17, 2018 (LBO) – Sri Lanka’s leading telecommunications service provider, Dialog Axiata on Tuesday partnered with VMware to strengthen the country’s enterprise cloud market.
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Napo Pharmaceuticals to Present New Data at the 22nd International AIDS 2018 Conference

2018-07-16 accesswire
Presentation Will Cover New Data on the Incidence and Prevalence of Diarrhea in HIV Clinical Trials in the Recent Post-Combined Antiretroviral Therapy (cART) Era (19-2)
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Capital Trust Residencies wins multiple awards at Asia Property Awards 2018

2018-07-16 lankabusinessonline
Capital TRUST Residencies (Pvt) Ltd clinched four prestigious awards at the PropertyGuru Asia Property Awards 2018 held at Shangri-La Hotel Colombo on 12th July 2018.Among them was one of the major awards at the ceremony, the “Best Boutique Developer”.
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CEB interdicts DGM Energy Purchases for refusing to pay ACE Embilipitiya

2018-07-16 lankabusinessonline
Jul 16, 2018 (LBO) – The Deputy General Manager, Energy Purchases of Ceylon Electricity Board (CEB) says that the Government should not pay the 100 MW ACE Embilipitiya as it is an illegal power plant.
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DoF open to LGUs takeover of nat’l gov’t functions

2018-07-15 bworldonline
THE FINANCE department is open to devolving some functions of the national government to local government units (LGUs) to comply with the Supreme Court ruling on internal revenue allotments (IRAs).
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Fitch removes Rating Watch Negative on Distilleries; affirms at AAA(lka)

2018-07-13 lankabusinessonline
July 13, 2018 (LBO) – Fitch Ratings has removed the Rating Watch Negative on Distilleries Company’s National Long-Term Rating, and has affirmed the rating at ‘AAA(lka)’.
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