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Tuesday, Oct 14, 2008
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Coimbatore, Oct. 13 AXIS Bank Ltd's board of directors at a meeting held on October 13 has approved a proposal to form an asset management company jointly with Banque Privee Edmond de Rothschild Europe, part of the LCF Rothschild Group, to provide investment advisory services for private banking and wealth management in India, subject to necessary approvals.

Geojit Financial Services Ltd's board of directors has decided to form a joint venture company in the Sultanate of Oman with The Financial Corporation Co. SAOG , subject to regulatory approvals, will offer brokerage, financial products distribution and related services at an estimated investment of approximately Rs 3.20 crore for a share of 51 per cent in the venture. It also decided to start real estate and mortgage distribution services, subject to regulatory approvals.

Jaiprakash Associates Ltd's board of directors will consider rights issue on October 21.

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