Nippon Life Company

Total income rises 5% to Rs 416 crore

By chasing profit over rapid expansion, companies have conserved capital, making them attractive for potential buyers

Final bids for Reliance Capital expected on Monday

Sources say Nippon Life of Japan not keen on diluting its holding in Reliance Nippon Life Insurance Company to less than 10%--something that the merger will bring about

AM Mining India Pvt Ltd, part of ArcelorMittal and Nippon Steel joint venture, completed the acquisition of Uttam Galva Steels Ltd, a downstream steel manufacturer in Maharashtra

Reliance Capital is undergoing a bankruptcy process and the administrator had sought offers for the entire company and for its various business clusters

The fund house has suspended lump-sum subscription, switch-ins, and fresh registration of systematic investment plan/systematic transfer plan under five schemes that invest in international stocks

In comparison, the company had a profit after tax (PAT) of Rs 166.77 crore in the same quarter preceding fiscal, NAM India said in a regulatory filing to stock exchanges

The firm's AUM stood at Rs 3.45 trillion as on March 21, 2022; Nippon India Mutual Fund's overall AUM market share rose to 7.38% in Q4

Parties can either bid to buy the entire company or any one or more of its eight clusters.

Samir Rachh outperforms peers despite fund's size constraints

The Competition Commission of India (CCI) has approved proposed acquisition of 100 per cent shareholding and sole control of Ingram Micro Inc by Imola Acquisition Corporation

The board of IndiGrid Investment Managers will meet on Tuesday to decide on a proposal related to raising Rs 1,500 crore through a rights issue

Nippon Life India Asset Management (NAM India) on Wednesday reported a 42 per cent jump in profit after tax at Rs 212 crore for three months ended December 31, 2020.

The company, which has been in constructing residential apartments and complexes for over 33 years, will use the proceeds to reduce its debts

Schemes which did better than their underlying indices managed Rs 1,158 cr of investor money. The laggards had assets worth Rs 33,612 cr, shows Business Standard analysis

Share of high-margin equity is coming down in favour of less profitable liquid funds

Nippon Life India Asset Management Ltd (NAM India) on Monday reported a 25 per cent jump in its profit after taxto Rs 156 crore for the June quarter. The company had posted a profit after tax of Rs 125.6 crore in the year-ago period, NAM India said in a statement. Total income for the quarter under review dropped to Rs 336.18 crore from Rs 360.41 crore in the April-June period of the preceding fiscal. NAM India is theasset manager of Nippon India Mutual Fund (NIMF). "Post the COVID-related events in Marchand April, NIMF saw improvement in investor flows and growth in AUM, in line with the industry. Q1 FY21 saw a rise of 25 per cent in profits, driven by better investor stickiness, strength in the retail segment, and cost efficiencies. "Post transition, our business recovery continues as planned. We have onboarded over 370 institutional investors in the last nine months, and have attracted fresh flows from several HNIs/ family offices," the company's CEOSundeep Sikka said. NAM Ind

As a result, analysts at Prabhudas Lilladher Research expect the valuation gap between the two AMCs to narrow, though HDFC AMC could retain its top position.

Management says post-rebranding several major investors have come back