Sensex 28260.14 302.65 1.08%
Nifty 8586.25 95.25 1.12%
L&T Finance Holdings, the financial services arm of L&T, is planning tobuyout Pantaloon Retail's stake in the latter's general insurance joint venture Future Generali India Insurance Company, according to reports.
Reports stated that a formal announcement is expected within the next 2-3 weeks.
Currently L&T General Insurance Company is a wholly-owned subsidiary of parent L&T, founded two years ago, says report.
India Infoline Research Team / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.