Zurich Finance to pick 30.68% stake in 20th Century AMC
The 20th Century Asset Management Corporation, the investment manager for 20th Century Mutual Fund, is set to witness a change in its controlling interest. Zurich Finance (Mauritius), a subsidiary of Zurich Insurance, plans to purchase a 30.68% stake from 20th Century Finance Corporation (TCFC) and its affiliates.
|
Mercedes plans to begin afresh on new slate
Premier German carmaker Mercedes-Benz plans a fresh start in India with the launch of three new models next year, hoping to entice buyers who turned up their noses at its earlier offering. It plans to launch the E-250 diesel model in Delhi on January 15, 1998, followed by the E-230 gasoline and the E-200 models in short order.
|