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According to MF advisors, investors are now flocking back to MFs with scheme after scheme announcing dividends.
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After hitting a high of 22% in February, cash levels of mutual funds (MFs) have come down to 12% in May, the lowest in nearly a year. Fund houses now hold Rs 10,432 crore in cash compared to a high of Rs 11,821 crore hit in February.
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The government is set to exempt an annual investment of Rs 50,000 or less by investors in MFs from the requirement of submitting details of their PAN at the time of investment.
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Essar Global Ltd chairman Shashi Ruia has said the government should jack up prices of petrol and diesel sold by state-run retailers keeping with the rally in international crude oil prices.
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IT firm Tech Mahindra said it has received approval from the US anti-trust authority regarding its Rs 1,154 crore open offer for the purchase of an additional 20 per cent stake in Satyam Computer.
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Subzero inflation has finally come to India as inflation dropped by 1.6% in the first week of June. The negative inflation patch in India, however, is expected to be short.
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SpiceJet on Thursday increased fuel surcharge by Rs 400 with immediate effect, a day after Jet Airways and Kingfisher Airlines announced their decision.
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The Sensex, which opened at 14,503.05 points, was trading at 14,244.96 points – 277.88 points or 1.91% lower than Wednesday’s close.
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The Indian rupee resumed stronger by 11 paise against the dollar in early trade today taking cues from other Asia currencies.
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Aims to smooth trade in technology; US seeks more protection of intellectual property rights
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The rupee resumed stronger by 11 paise against the dollar in early trade today taking cues from other Asia currencies.
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The rupee is expected to rebound from one-month lows on Thursday supported by euro strength against the dollar but mixed Asian stock markets may prevent a sharp rally.
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Energy giant Reliance Industries extended losses into a fourth session, falling as much as 2.3% to Rs2,003, following an unfavorable court ruling on gas supplies
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Describing the negative inflation as “unusual”, Finance Secretary Ashok Chawla said on Thursday it would not lead to any change in policy stance of the government.
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It’s another first for TIL’s exclusive website for women, iDiva.com, has become country’s highest-rated website looking exclusively at women’s content.
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The 30-share BSE index ended down 257.31 points at 14,265.53, with 24 stocks declining
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These days nearly everyone has a credit card and you’ve probably heard many stories about people who have overcharged and gotten into trouble with them. But credit cards are not all bad, they can be very convenient and have advantages over carrying around a lot of cash. You just need to be careful [...]

भारत ने बिना अंतरराष्ट्रीय पहचान नंबर वाले मोबाइल हैंडसेटों के आयात पर बैन लगा दिया है। इससे चीन से आयात होने वाले मोबाइलों पर रोक लग जाएगी। क्या है IEMI
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बैंकिंग सर्विसेज को ज्यादा से ज्यादा कंज्यूमर फ्रेंडली बनाने के लिए RBI ने बैंकों को निर्देश दिया है कि वे फंड ट्रांसफर की जानकारी sms या ईमेल के जरिये दें। केनरा बैंक का इरादा
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