New York, Jan 5 : Duped employees and clients of fraud American financer Bernard Madoff are selling off the `Madoff memorabilia' on the Internet, with a view to recovering their losses.
More than 100 items bearing the name or symbol of Bernard L. Madoff Investment Securities, given as a token of appreciation to the employees and clients, have been put on sale on eBay.
`Emom1013' is selling a pair of 20 dollars T-shirts given out at the 2006 company picnic at the Madoff family''s Long Island estate.
"The proceeds from this auction go directly to a family whose husband/father is facing being out of a job and health insurance thanks to good old Bernie," the New York Post quoted the seller as writing on the website.
LIC Housing Finance (LICHFL) is planning to launch its new financial arm in the current quarter. The decision is aimed to strengthen its distribution network across the country. The company would start its new financial arm, headquartered at Bombay and expand its network across country at later stage.
Anil Dhirubhai Ambani Group company Reliance Capital, a major financial services provider, has finally secured an approval from the National Housing Bank (NHB) for setting up a housing finance company. 
Swiss banking major Credit Suisse has revealed that it has invested Rs 794 crore in its non-banking finance company (NBFC) named Credit Suisse Finance India. 
Washington - The world's largest grouping of financial institutions expects the global economy to contract in 2009 as the effects of a massive financial crisis spread from wealthy nations to developing countries.
India may have a new Finance Minister in a couple of days as Prime Minister Dr. Manmohan Singh intends to have a full time minister for this critical portfolio. 
