Nippon Life picks 26% in Reliance AMC for Rs 1,450 cr
Japanese life insurance major, Nippon Life Insurance, on Thursday signed a memorandum of understanding (MoU) to acquire a 26 per cent stake in Reliance Capital Asset Management (RCAM) for Rs 1,450 crore. This is the largest foreign direct investment in the Indian mutual fund sector. RCAM is part of the financial services arm of Reliance Capital, an Anil Dhirubhai Ambani Group company.

Corning Innovation to Drive Future Growth
Several innovations from Corning Incorporated’s new business portfolio have the opportunity for growth and could become significant revenue generators for the company, Wendell P.

Schools: Spread out VRS costs
If the state requires local school systems to increase their payments to the Virginia Retirement System, they should be allowed to spread the payment hike over several years, said Henry County Schools Superintendent Jared Cotton.

R-Cap to sell 26% to Nippon for $300 mn today
At 7% of AUM, it could be one of the most expensive deals in the space.

Actuate Reports Fourth Quarter and Fiscal Year 2011 Financial Results
Actuate Corporation - The people behind BIRT® and the leader in open source Business Intelligence, today announced financial results for the fourth quarter and fiscal