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Investor Interest
MCX-SX partners with FTSE to launch global indices in India

13 August 2009 To bookmark you need to sign in  0
MCX Stock Exchange (MCX-SX), India’s new stock exchange, Wednesday said it has signed a cooperation agreement with global index provider Financial Times Stock Exchange (FTSE) to bring a range of international and new domestic indices in the country.

UK-based global index provider FTSE is jointly owned by The Financial Times and the London Stock Exchange.

Under the agreement, both...
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    • Editors' picks
    Money & Banking
    PMC Bank: Moneylife Foundation Helping Distressed Customers to File Writ Petitio...
    Moneylife Digital Team
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    Right to Information
    84% Appeals out of 28,174 Returned by CIC between January 20...
    Vinita Deshmukh
    Money & Banking
    Lenders Piggybacking on Fintech Platforms Leaving the Borro...
    Vinod Kothari
    Moneylife Events
    “If PMC bank depositors need a solution they have to g...
    Moneylife Digital Team
    Investor Interest
    Japan's Nomura buys 35% stake in LIC units for Rs3.1 billion

    13 August 2009 To bookmark you need to sign in  0
    Life Insurance Corp of India (LIC), the country's largest state-run insurer said Japan-based Nomura Asset Management Co Ltd has bought a 35% stake in its mutual fund units for about Rs3.1 billion.

    Nomura bought 35% stake each in LIC Mutual Fund Asset Management Co Ltd (LICMF) and LIC Mutual Fund Trustee Co Private Ltd (LICMF Trustee) as a strategic partner, Takumi Shibata, deputy...
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    • Investor Interest
    Just $23,148,855,308,184,500 for a pack of cigarettes!

    13 August 2009 To bookmark you need to sign in  0
    Imagine buying a pack of cigarettes or eating out at a restaurant and being charged $23,148,855,308,184,500 i.e. $23 quadrillion for it on the credit card.

    This shocking incident came true for New Hampshire's Josh Muszynski and North Texas's Jon Seale when the 17-digit amount appeared on their credit card statements, reports PTI.

    Muszynski swiped his card at a gas station to buy a...
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