India's asset management companies (AMCs) have owned assets under management worth Rs. 24.46 trillion, according to data released by the AMFI (Association of Mutual Funds in India).
HDFC Asset Management Co. Ltd has secured the top position with an average AUM of Rs. 3.42 trillion.
ICICI Prudential Asset Management Co. Ltd has claimed the second position with an average AUM of at Rs. 3.20 trillion.
SBI Asset Management Co.Ltd climbed two places from the fifth to the third spot with an AUM of Rs. 2.83 trillion.
About HDFC Bank
Tagline - We understand your world
Founded - August 1994
CEO - Aditya Puri
About ICICI Bank
Tagline - Hum Hai Na, Khyal Apka
Headquarters - Mumbai
Founded - June 1994
CEO - Sandeep Bakhshi
Founded - 1 July 1955
The Appointments Committee of the Cabinet (ACC) has approved the appointment of Karnam Sekar as the MD and CEO of Indian Overseas Bank (IOB) from July 1.
His term will end in June 2020.
Karnam Sekar is currently the MD and CEO of Dena Bank.
R A Sankara Narayan (former MD, and CEO of Vijaya Bank) has been appointed as the MD and CEO of Canara Bank. His term will end in January 2020.
About Indian Overseas Bank (IOB)
Headquarters - Chennai
About Canara Bank
Headquarters - Bengaluru
RBL Bank has partnered with CreditVidya to facilitate the improved user experience and development of the bank's customized offerings.
Through this partnership, the private sectors lender will be able to gain significant insights into its customer base. RBL will also allow them to cater to new customer segments. It will leverage CreditVidya's big data underwriting platform across its credit card and mobile banking apps.
About RBL Bank
Headquarters - Mumbai
Founded - August 1943
Shiv Das Meena, Additional Secretary of the Ministry of Housing and Urban Affairs (MoHUA) has been appointed as the Chairman cum Managing Director (CMD) of National Buildings Construction Corporation (NBCC).
He is an Indian Administrative Service officer of Tamil Nadu cadre of 1989-Batch.
He will succeed Dr. Anoop Kumar Mittal.
He will take charge as the 17th CMD of NBCC.
Headquarters - Delhi, India
Founded - 1960
Murali Kartik, former Indian Cricketer has roped as new Brand Ambassador of Funtasy11, a fantasy sports platform.
Kartik will be the face for Fantasy11's marketing campaigns, and he will also provide his expert opinions about cricket.
Funtasy11 is a skill-based prediction and fantasy sports platform that also provide curated social media content, making it a one-stop solution for a fantasy gaming user.
Google has launched 'Anthos' a new open platform to run and manage Apps from anywhere.
Anthos allows users to run applications, unmodified, on existing on-premise hardware or on the public cloud.
It is based on the Cloud Services Platform that Google announced in 2018.
It helps the users to manage workloads running on third-party clouds like Microsoft Azure and Amazon AWS.
About Google Inc
Headquarters - California, US
Founded - 1998
Founders - Larry page, Sergey Brin
CEO - Sunder Pichai