India

INDIA - MSCI Barra has opened a sales office in Mumbai to harness the growing domestic market interest.

INDIA - A total of seven state bodies have made preliminary bids to manage part of India's R17bn (US$400m) government pension fund.

INDIA - The Pension Fund Regulatory and Development Authority (PFRDA) has sought applications from fund managers for its New Pension System (NPS).

INDIA - Foreign fund managers may be able to get a bite of the massive Indian pensions cherry if new legislation is passed by the government, it has been reported.

INDIA - The Employee's Provident Fund Organisation (EPFO) announced a 7% increase in assets in the nine months to the end of 2006, totalling R967.7bn (US$23.4bn).

INDIA - Calls have been made for greater liberalisation of the country's pensions industry.

INDIA - The Union cabinet has confimed it will ask the Pension Fund Regulatory & Development Authority (PFRDA) to appoint fund managers to control the R15bn (US$340m) collected under the new pension scheme (NPS).

India - Robeco and Canara Bank of India have teamed up to launch an asset management venture in India, called Canara Robeco Asset Management.

INDIA - The UTI Mutual Fund claims it is to manage a "majority share" of the new R15bn (US$340m) pension scheme for government employees.

INDIA - Four fund managers are to be appointed within the next three months to manage the R15bn (US$340m) collected under the new pension scheme (NPS), the Indian pensions regulator has announced.