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...

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...