Tax exemptions add glitter to Essar Oil earnings
Despite difficult economic condition, 18-day refinery shutdown, substantial fall in net sales and other income, Essar Oil posted surprisingly superior results for the June 2009 quarter.
Archive for July 22nd, 2009
Pension funds in Asia to witness unprecedented growth: ADB
Catering to the retirement income needs of rapidly growing and ageing populations in the region, pension funds in Asia are expected to witness “unprecedented” growth in the coming years, the Asian Development Bank (ADB) has said.
Realty April-June net seen slumping as sales dip
Mid-cap real estate developers are expected to show a slump in sales by half to as much as 90 percent in the June quarter, as home buyers stay clear of purchases, according to a poll of brokerages.
RNRL, TCS, Wipro among favourite picks of fund managers in June
Software exporters Wipro, Tata Consultancy Services and ADA Group firm Reliance Natural Resources are among the companies which have caught the fancy of fund managers in June
Reliance Mutual Fund declares dividend for two schemes
Anil Dhirubhai Ambani Group firm Reliance Mutual Fund on Wednesday announced a dividend of up to 50 per cent for its two schemes: Reliance Regular Savings Fund and Reliance Equity Opportunities Fund.
SC to decide on ‘dividend stripping’ by mutual funds
The Supreme Court will decide whether mutual fund brokers can resort to a process (dividend stripping) of creating a short-term loss to avoid tax.
Canara Robeco launches F.O.R.C.E Fund
Canara Robeco Asset Management Company on Wednesday launched Canara Robeco F.O.R.C.E Fund – an open ended equity scheme.
MFs rush to beat the entry load deadline
Fund houses, however, maintain they are closing their new fund offerings (NFOs) on July 31 to avoid the confusion over entry load
Morgan Stanley posts 3rd straight quarterly loss
The New York-based firm reported its third consecutive quarterly loss as earnings were saddled with a charge related to repaying a government bailout
World trade to shrink 10%, Asia leads recovery: WTO
Too early to see if measures to boost trade finance work; trade contraction in 2009 confirmed at real 10%; world exports rose 15% nominal in 2008, real 2%; world merchandise exports totalled $15.78 trillion in 2008
Govt may let SBI stake fall to 55%
Govt seeking cabinet nod to table Bill in Parliament; analysts say the move will clear way for SBI to raise equity easily
Quick Edit | The legacy of the Mahatma
Myanmar can count itself among the world’s most illiberal and repressive regimes; indeed, the junta isn’t even concerned with maintaining a facade of democracy
Rupee drops for 2nd day as stocks turn down
The rupee gave up early gains and dropped for a second straight session on Wednesday as local shares tumbled from early highs and as a steady dollar failed to provide any clear direction.
Rupee rises as shares gain; Asian units up
The Indian rupee strengthened on Wednesday on hopes for more foreign fund inflows as risk aversion was seen easing globally. Gains in other regional currencies also helped.
Rupee up on regional stocks; Asian units
The Indian rupee edged higher on Wednesday tracking gains in regional sharemarkets and other Asian currencies, but the local stock market open will provide clues on direction of fund flows.
Rupee may rise, bond yields to fall
Rupee is expected to rise on Wednesday, tracking firmer regional stock markets, while central bond yields are set to fall following higher US Treasury prices.
HDFC to raise Rs4,000 cr via QIP
The company reported a 21% growth rate in net profit at Rs564.92 crore for the first quarter ended 30 June, 2009
Indiabulls Financial Services raises $200 mn via QIB
The company has issued 5,61,40,350 shares at Rs171 a piece aggregating to Rs960 crore, Indiabulls Financial Services said in a filing to the Bombay Stock Exchange
Close: Sensex slips from 15,000 mark on profit-taking
The 30-share BSE index ended down 219.37 points at 14,843.12, with 25 stocks declining
