Washington - On Thursday slammed Wall Street bankers for awarding themselves nearly 20 billion dollars in bonuses last year as the US economy suffers through its worst recession in decades.

Obama called it the "height of irresponsibility" and "shameful" that financial institutions would issue large bonuses and severance packages to their employees as they pleaded for taxpayer funds to keep the industry alive.

Washington  - The US Federal

Mirae Asset Mutual Fund, a leading asset management cum financial services Provider Company has rolled out 'Mirae Asset Gilt Fund', an open-ended Gilt scheme in the domestic market.

Through the launch, the company is offering investors the opportunity to participate in a portfolio comprising of Government Securities issued/guaranteed by Central and State Governments with varied maturity through Savings and Investment plans.

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.

The Director and Chief Executive of LICHFL, R R Nair said, "We are launching our financial services subsidiary called LIC Housing Finance Financial Services which will help us improve our disbursement of loans and other financial products, during the quarter."

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.

It may be noted that, Reliance Capital is already into the mortgage business through its wholly-owned consumer finance arm Reliance Consumer Finance.

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.

According to sources, the company has pumped the said amount in order to fund the operations of its Indian non-banking finance company (NBFC) in India. With the fresh funds, the total capital of Credit Suisse Finance (India) now stands at Rs 827 crore.