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Article: Reliance Money expects to breakeven in current fiscal.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- August 30, 2007
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Reliance Money expects to breakeven in current fiscal
New Delhi, Aug 30 (PTI) -- Anil Ambani group's financial products distribution arm, Reliance Money, today said it expects to breakeven in the current fiscal on the back of impressive growth seen in various businesses.
"We expect to attain profitability by the end of current fiscal, which is the very first financial year of our operations," Reliance Money CEO Sudip Bandyopadhyay told PTI.
Reliance Money, a part of Reliance Capital, has ventured into a number of businesses over the past few months -- spanning from stock and commodity broking, money transfer, money changing, credit card, gold ...