INVESTOR INTEREST


Moneylife Digital Team 04 March 2011
DSP BlackRock Mutual Fund new issue closes on 7th March DSP BlackRock Mutual Fund has launched DSP BlackRock FMP-12M-Series 15, a close-ended income scheme. The primary investment objective of the schemes is to seek capital appreciation by investing in a portfolio of debt and money market...

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Moneylife Digital Team 04 March 2011
Kotak Mahindra new issue closes on 18th March Kotak Mahindra Asset Management Company has launched its latest fund-of-fund named 'Kotak Gold Fund'. This open-ended fund will enable investors to take exposure to gold without having a demat account. In addition to this Kotak AMC will offer...

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Moneylife Digital Team 04 March 2011
BSLI Foresight Plan is a medium-term unit linked savings plan apt for a volatile market providing the perfect blend of guarantee, flexibility and liquidity options Birla Sun Life Insurance, a subsidiary of Aditya Birla Nuvo, has launched BSLI Foresight Plan, a cutting-edge solution that...

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Moneylife Digital Team 04 March 2011
While India's crude imports dipped by 22% to 11.28 million tonnes in January despite healthy demand, exports dipped by 44.3% to 2.661 million tonnes, with diesel shipments declining by 70.6% to 501,100 tonnes New Delhi: India's crude oil imports dipped by 2.2% in January to 11.28 million...

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Moneylife Digital Team 04 March 2011
Finance minister Pranab Mukherjee has proposed to levy MAT of 18.5% on the book profits of SEZ developers and units. The changes in the tax rate would be effective from April 2012 New Delhi: Expressing "surprise" at the budget proposal to impose minimum alternate tax (MAT) on special economic...

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Moneylife Digital Team 04 March 2011
The CBI has roped in the Enforcement Directorate to help it in locating the money trail and violations of Foreign Exchange Management Act and stake-holding patterns in some of the firms which acted as front for other telecom companies New Delhi: Zeroing on the criminal conspiracy relating to...

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Moneylife Digital Team 04 March 2011
The Public Accounts Committee of Parliament says SEBI acted hastily in awarding the contract to NSDL that led to wasteful expenditure of about Rs12 crore The Public Accounts Committee (PAC) of Parliament has criticised market regulator Securities and Exchange Board of India (SEBI) for...

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Moneylife Digital Team 04 March 2011
Overnight, Wall Street closed at its best in three months, boosted by strong economic indicators and signs of a possible resolution to the Libyan crisis. Tracking the US markets, the Asian pack was higher in early trade on Friday A retreat in crude prices, along with positive cues from the...

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Moneylife Digital Team 03 March 2011
D Subbarao says banks must lower net interest margins, improve efficiency   New Delhi: Banks need to raise deposit rates in order to encourage savings, and lower lending rates to help the country achieve double-digit growth, RBI governor D Subbarao said today. “For double-digit growth that...

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Moneylife Digital Team 03 March 2011
The Indian market has rallied strongly over four days. It may pause now The local market opened in the red as concerns about high crude prices led investors to book profits early in the day, halting the three-day gains. It remained in negative territory for most part of the morning....

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Moneylife Digital Team 03 March 2011
After staying shut for several months, PayPal has decided to follow RBI guidelines for online payment services while Plimus has discontinued the direct purchase option for India-based vendors Several online payment gateways like PayPal and Plimus, which have facilitated the sale of goods and...

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Moneylife Digital Team 03 March 2011
S-Tel's application was cancelled earlier on grounds of threat to national security. The apex court also asked the agency to investigate the antecedents of the UAE-based Etisalat against which the home ministry had expressed reservations earlier New Delhi: The Supreme Court today ordered the...

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Moneylife Digital Team 03 March 2011
Ashok Leyland reported a 24.53% jump in commercial vehicle sales to 9,800 units in February 2010, compared to the same month of the previous year Hinduja Group flagship firm Ashok Leyland Ltd reported a 24.53% jump in commercial vehicle sales to 9,800 units in February 2010, compared to the...

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Moneylife Digital Team 03 March 2011
Tata Sons chairman Ratan Tata celebrated the 172nd birth anniversary of Jamsetji Nusserwanji Tata at the Tata Steel factory in Jamshedpur The 172nd birth anniversary of Jamsetji Nusserwanji Tata was celebrated at the Tata Steel factory in Jamshedpur, with Tata Sons chairman Ratan N Tata...

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Moneylife Digital Team 03 March 2011
ICICI Bank expects over 20% growth in loans in the next fiscal against 18% in 2010-11 Private sector lender ICICI Bank Ltd said it expects over 20% growth in loans in the next fiscal against 18% in 2010-11. "...it (credit growth) would be upward of 20%," ICICI Bank managing director Chanda...

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Debashis Basu  and   Megha Vora 03 March 2011
The FM has generously allowed domestic fund companies to solicit foreign money. But SEBI bans mutual funds from offering entry loads to distributors. Will foreign distributors touch Indian schemes? The finance minister has allowed Indian mutual funds to take a big leap. For 20 years after the...

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Moneylife Digital Team 03 March 2011
Jet Privilege customers will get a new Tata Photon Whiz or Tata Photon Plus connection at a special price Dual-technology telecom service provider Tata Teleservices Ltd and Jet Airways have entered an exclusive partnership to offer JetPrivilege. The offer is to JetPrivilege members who wish...

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Moneylife Digital Team 03 March 2011
Taurus Mutual Fund new issue closes on 11th March Taurus Mutual Fund has launched Taurus Fixed Maturity Plan 367 Days Series C, a close-ended income scheme. The investment objective of the scheme is to generate income with minimum volatility through investments in a portfolio of debt and...

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Moneylife Digital Team 03 March 2011
ICICI Prudential Mutual Fund new issue closes on 9th March ICICI Prudential Mutual Fund has launched ICICI Prudential Fixed Maturity Plan-Series 55-1 Year Plan F, a close-ended income scheme. The investment objective of the plan is to seek to generate regular returns by investing in a...

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Moneylife Digital Team 03 March 2011
Presently, the voting rights of a shareholder are limited to 1% in state-owned banks and 10% in private banks irrespective of the equity holding. The amendments, once approved by Parliament, will enhance the voting power of shareholders in line with the portion of equity held by them New...

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