Indian fund houses are coming together to set up an electronic platform, exclusively for trading mutual fund units, the head of the committee set up by Amfi for this purpose told ET. The committee plans to make use of the recommendations of the SMILE committee that was headed by PJ Nayak, an exhaustive study on easing the IPO application process. Amfi also plans to make the use of wireless mobile technology feasible, so that a person situated in a remote corner of the country can access the platform. RBI had recently said mobile phone owners in the future will be allowed to transfer funds from their accounts to other mobile phone owners across networks and service providers. Deutsche Bank on Thursday appointed Amrit Singh as the head of Merger & Acquisitions (M&A) India of its subsidiary Deutsche Equities India Pvt Ltd (DEIPL). read more

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