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ITI Reinsurance to launch ops by Jan end, plans on a 'lean' look

It is the first private sector reinsurance company in India

ITI Re awaits clarity on domestic reinsurer status

Till now, GIC Re was the only Indian reinsurance company. It is entitled to the right of first refusal and also has the privilege of cessions which means a portion of risk is to be mandatorily ceded to it by an insurer.

Fortune Fin up 6% as co to buy equity shares of Suraksha Asset

Shares of Fortune Financial Services surged 6 percent intraday Tuesday after the board approval for acquisition of shares of Suraksha Asset Reconstruction.

Fortune Fin Ser consolidated Jun '16 sales at Rs 30.85 crore

Fortune Financial Services has reported a consolidated total income from operations of Rs 30.85 crore and a net profit of Rs 4.59 crore for the quarter ended Jun '16

Top Buzzers: Borosil Glass Works, CG Consumer, Fortune Financial

Shares of Crompton Greaves Consumer Electrical (demerged arm of Crompton Greaves) rose 12 percent intraday on the back of robust first quarter numbers (April-June).

Fortune Financial rises 9% on SEBI approval to set up AMC

The company has received in-principle approval from SEBI Investment Management Department for to sponsor a mutual fund and to set up of asset management company and trustee company.

Stocks in news: Advanced Enzyme, L&T, ICICI, IRB, Quess Corp

Stocks to watch: L&T, ICICI, IRB, Quess Corp, KEC, Fortune Fin

ITI Reinsurance may kick off ops in October this year: Sources

ITI Reinsurance, a subsidiary of Fortune Financial Services, may get IRDA nod by September. It will start with Rs 500 crore initial cap, learns CNBC-TV18.

Fortune Financial's Rs 204-cr rights issue to open on Monday

The rights issue will begin on March 28 and close on April 11, as per the information available with capital markets regulator Sebi.

Sharyans Resources sells 20.25 lakh shares of Fortune Fin

On January 4, 2016 Sharyans Resources Limited sold 20,25,000 shares of Fortune Financial Services at Rs 140.

Fortune Fin Ser consolidated Dec '15 sales at Rs 43.57 crore

Fortune Financial Services has reported a consolidated total income from operations of Rs 43.57 crore and a net profit of Rs 2.66 crore for the quarter ended Dec '15

Fortune Fin Ser consolidated Sep '15 sales at Rs 28.51 crore

Fortune Financial Services has reported a consolidated total income from operations of Rs 28.51 crore and a net profit of Rs 2.91 crore for the quarter ended Sep '15

Lytton Grove Corp sells 13.52 Lk shares of Fortune Fin Ser

On August 19, 2015 Lytton Grove Corporation sold 13,52,427 shares of Fortune Financial Services at Rs 195.

Fortune Fin Ser consolidated Jun '15 sales at Rs 34.00 crore

Fortune Financial Services has reported a consolidated total income from operations of Rs 34.00 crore and a net profit of Rs 1.15 crore for the quarter ended Jun '15

Fortune Fin Ser consolidated Mar '15 sales at Rs 48.20 crore

Fortune Financial Services has reported a consolidated total income from operations of Rs 48.20 crore and a net profit of Rs 2.25 crore for the quarter ended Mar '15

Fortune Fin Ser consolidated Dec '14 sales at Rs 42.79 crore

Fortune Financial Services has reported a consolidated total income from operations of Rs 42.79 crore and a net loss of Rs 0.07 crore for the quarter ended Dec '14

Fortune Fin Ser consolidated Sep '14 sales at Rs 33.29 crore

Fortune Financial Services has reported a consolidated total income from operations of Rs 33.29 crore and a net loss of Rs 1.31 crore for the quarter ended Sep '14

Fortune Fin Ser consolidated Dec '13 sales at Rs 13.94 crore

Fortune Financial Services has reported a sales turnover of Rs 13.94 crore and a net profit of Rs 0.18 crore for the quarter ended Dec '13

Buy MCX Gold Feb; target of Rs 29400: Fortune Financial

Fortune Financial Services has come out with its report on bullion. According to the research firm, one can buy MCX Gold February at Rs 28990-28900 with a stop loss below Rs 28700 for the target price of Rs 29400 & Rs 29640.

Long term price outlook looks positive for Natural Gas

Long term price outlook looks positive as strong fundamental for natural gas. Prices highly depend on demand and inventory and U.S. winter season is more favorable for natural gas prices, decreasing inventory and collar weather in U.S. support the prices for natural gas, says Fortune Financial Services.

Buy MCX Gold Feb Fut; target Rs 29250: Fortune Financial

MCX Gold Feb futures contract trend is looking sideways on chart, day traders can buy on dips or can buy at Rs 28850 for the target price of Rs 29250 & Rs 29430 with a stop loss below Rs 28700, says Fortune Financial Services.

Sell MCX Gold Feb Fut; target Rs 28900: Fortune Financial

MCX Gold Feb futures contract trend is looking negative on chart, day traders can sell on rise or sell at Rs 29100 for the target price of Rs 28900 & Rs 28800 with a stop loss above Rs 29328, says Fortune Financial Services.

Sell MCX Gold Dec Fut; target Rs 29750: Fortune Financial

MCX Gold Dec futures contract trend is looking negative on chart, day traders can sell on rise or at Rs 30000 for the target price of Rs 29750 & Rs 29600 with a stop loss above Rs 30216, says Fortune Financial Services.

Expect Cotton prices to trade steady to lower: Fortune Fin

Cotton prices are expected to trade steady-to-lower on supplies from the new season harvest and estimates of record crop amid slow demand for exports, though some buying from mills at lower levels is seen supporting prices, says Fortune Financial Services.