Business Daily from THE HINDU group of publications
Friday, Dec 08, 2006
ePaper
Business Daily from THE HINDU group of publications Friday, Dec 08, 2006 ePaper |
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Markets
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Financial Services Money & Banking - Alliances & Joint Ventures Our Bureau
New Delhi , Dec. 7 Ambit Corporate Finance, Television 18 group company Web18 and Centurion Bank of Punjab on Thursday announced a partnership to pursue stock broking business with a strong Internet presence in India. The venture, according to a company release, will be a first of its kind with three domestic players coming together to capture the fast-growing brokerage market. Besides stock broking, the venture will offer a range of financial services including distribution of third-party product and portfolio management services, it said. Also, with increasing Internet penetration in the country, retail customers will be serviced online by the venture. The joint venture is subject to obtaining all regulatory approvals, the release said.
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