HDFC Mutual Fund acquired its smaller rival Morgan Stanley Mutual Fund running a total of eight schemes with assets worth Rs 3,290 crore, in a major consolidation exercise in the highly-dispersed sector. The deal comes at a time when market regulator Sebi has been favouring a consolidation in the mutual fund sector which has been […]
The benchmark S&P BSE Sensex on Tuesday advanced by another 19 points in morning trade, extending gains for the third consecutive session, on persistent buying by investors amid firm Asian cues. The Sensex resumed higher at 21,127.66 and improved further to 21,156.92 before quoting at 21,119.98 at 1030 hours, showing a modest gain of 18.95 […]
After rising nearly 130 points, the Sensex on Monday closed with a slender gain of 21.31 points on late selling in bluechips including Infosys, HDFC and TCS despite a firm trend in the global markets. In volatile trade, the BSE Sensex rose to day’s high of 21,207.89 but frittered away most gains to end at […]
The benchmark BSE Sensex rose by almost 105 points in early trade on Monday on sustained buying by funds and retail investors amid a firming trend in other Asian markets. Extending its rising streak for the second straight session, the 30-share index was up by 104.82 points, or 0.50 per cent, to 21,184.54 with all […]
Reposing their faith in Indian markets, foreign investors have made net inflows of a staggering amount of Rs 1.10 lakh cr (nearly USD 20 billion) in stocks here during 2013, while taking their cumulative investments in the country’s equity market to a record level of close to USD 150 billion. The final numbers for 2013 […]
Congress Vice President Rahul Gandhi’s speech touches the real issues being faced by the industry and investors can draw confidence from his talk, industry body CII said on Sunday. “His talk is comprehensive and touches real issues, which industry has been trying to grapple with in recent times. Gandhis talk is reflective of the fact […]
By Mr. Vivek Gupta- Director Research Commodity market outlook Precious metal:- Gold prices fell to a six-month low as the Federal Reserve’s pull back in the U.S. monetary stimulus hurt gold’s inflation hedge appeal. The Fed has withdrawn $10bn of bond buying every month, leaving it to a monthly purchase of $75bn of securities. Fed […]
The Cabinet on Thursday decided to give state-owned miner Coal India Ltd a licence to produce natural gas from coal seams (CBM) in its existing mines. The Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Manmohan Singh, allowed Coal India (CIL), the world’s largest coal miner, to explore and produce coal-bed methane (CBM) […]
Markets regulator Sebi on Friday said it would soon come out with new corporate governance norms. “We have already placed documents for consultation. Our consultation is almost over and we are now going to promulgate our rules very soon,” Sebi Chairman U K Sinha told reporters at a corporate governance summit organised by CII in […]
Exuding confidence that India’s growth will bounce back, the government said it has approved 287 stalled projects worth Rs 5.5 lakh crore and 250 such projects worth Rs 10 lakh crore would be cleared shortly. “So far there has been resolution at some level or the other of about almost 300 projects with the total […]
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