Tag Archives: sheet

SREI Group signs term sheet to acquire AMC business of Essel Group

Kolkata-based SREI Group is said to have initiated the process to acquire the asset management business of Essel Group — Essel Asset Management,  sources told Moneycontrol. “A term sheet has been signed between both the parties so far which is a part of due diligence process,” the source said. A term sheet is a bulleted list, prepared by any… Read More »

Fed set to raise interest rates, give more detail on balance sheet winddown

The U.S. Federal Reserve is widely expected to raise its benchmark interest rate this week due to a tightening labor market and may also provide more detail on its plans to shrink the mammoth bond portfolio it amassed to nurse the economic recovery. The central bank is scheduled to release its decision at 2 p.m EDT (1800 GMT)… Read More »