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Sahara Mutual Fund launched of its new equity scheme christened as ‘Sahara Super 20 Fund’, an open ended growth fund with the objective to provide long term capital appreciation.
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Oil prices gained ground Thursday on renewed violence in key crude producer Nigeria and as traders absorbed the latest US energy inventories report, analysts said.
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According to the 2009 Expat Explorer Survey by HSBC Bank International, the highest proportion of expats earning more than $250,000 are in Hong Kong (27%), Japan (26%) and India (25%).
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Hardening their stand, Air India unions on Thursday said they were not willing to renegotiate on the proposed wage cut by the management.
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IDBI Bank’s new BPLR now accordingly stands at 12.75% as against the earlier 13%. The reduced rate will come into effect from July 1.
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State Bank of India is planning to strengthen its presence in countries including the US and the UK which have strong India links.
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Gold prices spurted by Rs 330 to close at Rs 14,890 per ten gram in the bullion market here on aggressive buying by stockists triggered by a firming trend in US market.
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ONGC Videsh Ltd and its partners Indian Oil Corp and Oil India Ltd have proposed an investment of about $5 billion in bringing to production a massive gas field they discovered in offshore Iran, in the next 3-4 years.
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Inflation rose marginally to minus 1.14 percent for the week ended June 13 against -1.61 percent in the previous week.
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Prospects of weak monsoon, the poor showing by ONGC in the fourth quarter and weak European cues dragged down the BSE Sensex by 77 points as investors squared off positions on the concluding day of the derivatives series.
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The Indian rupee ended five paise lower at 48.60/61 against the American currency on Thursday on emergence of month-end dollar demand and stronger dollar overseas amid bearish local stocks.
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The world’s rich lost a fifth of their wealth in 2008 and their number fell 15% as the financial crisis wiped out two years of growth
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India raises 2009-2010 minimum cane price by 33%; at record Rs107.76 per 100 kg, output should rebound; hikes comes just before sowing season ends
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India’s main share index erased early gains to trade negative.
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The rupee climbed as higher shares raised hopes for foreign portfolio inflows.
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The rupee was flat on Thursday as positive cues from gains in Asian stocks were offset by concerns that poor rains could slow down growth further.
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Rupee is expected to rise on Thursday as gains in Asian stocks could spur foreign fund flows into local shares.
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The 30-share BSE index ended down 77.11 points at 14,345.62 , with 18 stocks declining
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At 2:13pm, the 30-share BSE index was down 0.3% at 14,381.75 points, with 17 stocks declining, after rising to as much as 14,578.46 earlier
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