Aditya Birla Nuvo, a diversified conglomerate, has notified that it has completed the acquisition of 76 per cent stake in the retail broking firm of the Apollo Hospitals Group.
The group bought 56 per cent in Apollo Sindhoori Capital Investment from the promoters and another 20 per cent through an open offer.
The acquired company is a leading player in the financial services sector with over 10 years of experience in the share broking business. The firm's principal activities are providing financial services, stock broking, commodity broking and related activities.
Financial 
With Bajaj already has life insurance and general insurance business tie-ups with Allianz since eight years, the Rahul Bajaj-owned Bajaj Finserv lately entered into a shareholders' deal with Allianz Global Investors, which is venturing into the asset management arena in India. 
Industrial Development Bank of India Limited (IDBI) a leading public sector bank, has revealed its plan to raise capital worth Rs 5,000 crore through senior, upper and lower Tier II bonds in 2009-10. 
Washington - US accounting standards were relaxed Thursday to allow banks to take a longer-term view on the value of toxic mortgage assets, which have already cost the industry more than 1 trillion dollars and lie at the heart of the financial crisis.
Industry body, Federation of Indian Chamber of Commerce and Industries (FICCI) asked for lower interest rates in the range of 7 to 8 per cent for infrastructure projects in the country, blaming high lending rates a major cause of stagnation in the growth rate. 
