INVESTOR INTEREST


The Madras High Court has set aside its earlier order restraining country’s third largest two-wheeler manufacturer TVS Motors Co Ltd from manufacturing and marketing vehicles with twin spark technology, said the Business Standard. The twin spark technology was patented by Pune-based,...

Read More



Every dark cloud, they say, has a silver lining. This is certainly true for those who are looking at renovating or re-decorating their homes. The real estate industry has sharply slowed down after five years of furious growth when land and property prices rose dramatically, quadrupling in...

Read More



Policy response from the central bank should be seen as an insurance against the protracted depression risk, however there is no real way of judging whether the central banks are over-insuring or underinsuring, said Dr Duvvuri Subbarao, governor, Reserve Bank of India (RBI). “If...

Read More



State Street, a US financial services firm, said flows into US equities were close to the highest they have been in 12 years. State Street’s information counts a lot because it is in the vantage position of being able to track the buying and selling of institutional investors, since it holds...

Read More



Larsen & Toubro Ltd (L&T), India's largest engineering and construction company, reported a 29% higher full year net profit, before exceptional items, on improved margins from engineering and construction segments. For the full year to end-March, L&T's net profit, excluding the...

Read More



India's National Spot Exchange Ltd. (NSEL) said it has tied up with bullion associations across the country to launch Indian Bullion Market Association (IBMA), which would act as de facto association of bullion traders, mainly for price discovery on the lines of London Bullion Market...

Read More



India's largest engineering company Larsen & Toubro Ltd (L&T) said it has signed a memorandum of understanding with GE Hitachi Nuclear Energy (GEH) for co-operation on advanced boiling water reactor (ABWR) and boiling water reactor (BWR) nuclear power plants in the country. ABWR...

Read More



Religare Enterprises Ltd said it has signed a non-binding agreement with Swiss Reinsurance Co (Swiss Re) to develop a joint venture health insurance company in India. In a release, Religare said Swiss Re will be a minority shareholder and will seek to provide its actuarial, risk...

Read More



Only a few years ago, some publications were lionising Nirmal Kotecha as a 29-year-old whiz-kid who had made it big through his investment brilliance. In 2006, Business Today even put him on par with long-term value investors such as Prof Shivanand Mankekar and Rakesh Jhunjhunwala. Even at...

Read More



One of the unsung companies in the financial services sector is Gruh Finance (GFL), set up by HDFC to replicate its home financing business model in semiurban and rural areas. GFL provides long-term finance to individuals for construction, purchase, extension, repair and renovation of homes.

Read More



Ispat promoters pledge entire stake with lenders In a second attempt to secure debt restructuring Ispat Industries Ltd’s promoters Pramod and Vinod Mittal have pledged their entire 41% stake in the company with lenders in an attempt to get rid of huge debt of about Rs80 billion,...

Read More



CA Ameet Patel 21 May 2009
Once I decided to get into social service and floated a charitable trust. Nobody had forced me to do it; it was something I wanted to do. I soon realised that I could not handle the workload alone and started thinking about how to get help. Then I had a brilliant idea!   I approached...

Read More



Grasim has interests in viscose staple fibre, cement, chemicals, textiles and sponge iron. The main source of profits is cement. Cement companies are enjoying strong demand and have even raised prices recently. In March 2009, the price of cement went up by about Rs10 per 50kg bag....

Read More



The Central Board of Direct Taxes (CBDT) had issued a new circular to clarify amendments to the Tax Deduction at Source (TDS) and Tax Collected at Source (TCS). While allowing the TDS and TCS to be filed electronically on a quarterly basis, the board has permitted the deductors to issue...

Read More



Bharti Airtel Ltd, India's largest mobile services provider, said it has renewed its effort for a partnership with Africa's largest wireless carrier MTN Group Ltd (MTN) and is exploring a potential transaction whereby it would acquire a 49% shareholding in MTN and in turn, MTN and its...

Read More



Punjab National Bank (PNB), India's second-largest state-run lender, reported a 59% higher fourth quarter net profit on increased interest revenues. For the quarter to end-March, PNB said its net profit rose to Rs8.65 billion from Rs5.43 billion while revenues, including interest...

Read More



Enjoy villas, homes, apart-ments, chalets and castles of Switzerland, stocked with MDH (Indian) masalas and utensils, hot plates, microwave oven, dishwasher, television and radio. “Indians have a strong need for Indian spicy food and savouries wherever they travel. Hence we thought of...

Read More



I would like to share my thoughts with Moneylife readers on the following issues: 1. You have discussed in detail how mutual funds have failed to achieve even returns equivalent to their specific benchmark. So why don’t we have index funds as equity-linked savings schemes? Yes, we have one but...

Read More



On 17th May 2004, exactly five years ago, when the BJP-led National Democratic Alliance (NDA) failed to return to power after high expectations, the market swooned by 11.14%. On Monday 18th May the market opened up with a humungous gap up when Congress was powerfully voted to power....

Read More



CIBIL the country’s only individual credit bureau said that it would soon launch new products like mortgages, CIBIL Direct within the current financial year. You can even access to your individual scores directly from the rating company. Access to the scores usually allows individual to...

Read More

Free Helpline
Legal Credit
Feedback