Other People’s Money

Edelweiss launched an equity fund but did not want you to know about it. Why?

Two years ago, new fund offerings (NFOs) used to be launched with great fanfare – road shows, jingles on the radio, long-running ads on television and huge roadside hoardings. NFOs used to remain open for a month or so. After all, funds have to be ‘marketed’ like any other product and the more money a fund could...

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  • Amar Singh admitted in Singapore hospital for kidney treatment
    Mr Amar Singh, the ‘king-maker’ and public face of the Samajwadi Party, is admitted in Singapore's Mount Elizabeth Hospital and Medical Centre for treatment of kidney and according informed sources to his health is deteriorating.

    Mr Malik, from Mr Singh's residence, confirmed the news, but could not provide more details about his current health status. Mr Singh was shifted to...

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  • Nano Homes

    After taking the middle-class by ‘Nano’ storm, the Tatas are again set to work their low-cost magic in the housing sector. Tata Housing Development Company has come up with a ‘Shubh-Griha’ scheme to provide low-cost houses, priced between Rs3.9 lakh and Rs6.7 lakh for people in Mumbai.

    Earlier, in January, Maharashtra Housing Area Development Authority (MHADA), which was set up to provide...

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