Reliance Capital has rallied  6% at Rs 309 on reporting a consolidated net profit of Rs 329 crore for the fourth quarter ended March 2012, as compared to a net loss of Rs 6 crore during the same period last year, on back of higher income.

Aided by the sale of stake in its asset management business to Japan’s Nippon Life Insurance Co, Reliance Capital Ltd (R-Cap), the financial services arm of the Anil Ambani-led Reliance Group, reported a consolidated net profit of Rs 329 crore in

Reliance Capital Trustee Company, a subsidiary of Anil Ambani Group's Reliance Capital, today purchased 8,10,000 lakh shares of Titagarh Wagons for Rs 27 crore through open market transactions.

Japanese life insurer Nippon has finalised agreements to buy a 26 per cent stake in Reliance Capital Asset Management (RCAM), at an aggregate value of Rs 1,450 crore.

 Anil Ambani-led Reliance Capital today increased its stake in group firm Reliance Communications by picking additional 2.26 crore shares worth Rs 211 crore from another promoter group company.

The general perception regarding an Anil Ambani-controlled company is one that’s leveraged to the hilt. And Reliance Capital was no exception.

Apollo Hospitals Enterprise has posted an increase of 42.12 per cent in net profit at Rs 64.65 crore for the quarter ended December as compared to Rs 45.8 crore for the same period of last year.

The financial services company had a consolidated net profit of Rs 106 crore in the October-December quarter of previous fiscal.

Reliance Capital (R-Cap) has moved higher by 5% at Rs 333 on reports that the company is expected to announce 26% stake sale in mutual fund arm, Reliance Asset Management Company to Japan’s Nippon Life Insurance Company for about 20 billion yen

Anil Ambani Group company Reliance Capital has raised its stake in IT solutions provider Aurionpro Solutions by buying additional 2,40,000 shares for about Rs 3 crore through an open market transaction.

Reliance Capital (R-Cap) is in talks with UTV founder-promoter Ronnie Screwvala to scale up its stake in UTV News Ltd much beyond the 18 per cent it holds at present. UTV News Ltd runs English business channel Bloomberg TV.

Reliance Capital is trading lower by 3% to Rs 273 after a parliamentary standing committee rejected the proposal to allow 49% foreign direct investment (FDI) in insurance, against the 26% FDI currently allowed in the sector.

Indian financial services firm Reliance Capital is in talks with potential partners to sell up to 26% in its general insurance business though a deal may be at least six months away, its chief executive told reporters late on Sunday.

Anil Ambani Group company Reliance Capital today reported 70.12% fall in net profit to Rs 33.45 crore for the second quarter ended September 30, 2011, mainly on account of the higher interest rate environment.

Two leading rating agencies, Crisil and Icra, have assigned highest-credit quality ratings to the short-term debt programmes of financial services major Reliance Capital.

Fitch today said it had withdrawn the ratings on Reliance Capital as the company had decided to stop participating in the agency's rating process.

Reliance Capital has moved up 3% at Rs 332 after announcing completion of the transaction for sale of a 26% stake in Reliance Life Insurance to Nippon Life Insurance.

Reliance Capital has completed the sale of a 26% stake in its life insurance venture Reliance Life to Japan's Nippon Life for over 3,000 crore, the Anil Ambani-led firm said today.

The Anil Dhirubhai Ambani Group's financial services arm Reliance Capital today said it has received approval from the Reserve Bank of India (RBI) for its proposed 26% stake sale in Reliance Life Insurance to Japan's Nippon Life.

Reliance Capital is in advanced talks to sell stake in its asset management company to Japan's Nippon Life, two news channels said on Tuesday, citing its Chairman Anil Ambani.