Sunday, March 27, 2011

Commodity MFs surge on high inflation

Commodity MFs surge on high inflation

Commodity MFs surge on high inflation

Posted: 27 Mar 2011 06:02 PM PDT

The markets may be on a sticky wicket impacting the performance of diversified equity mutual funds (MFs), but with inflation still remaining high, funds focused on the commodities sector have come out on the top.

After 2 years of pay cuts, Mittal gets a hike

Posted: 27 Mar 2011 05:27 PM PDT

Lakshmi Mittal, chairman and CEO of steelmaker ArcelorMittal, earned a11% hike in his base salary in 2010, after suffering pay cuts in the previous two consecutive years.

'Tower business a strategic opportunity for Idea'

Posted: 27 Mar 2011 05:21 PM PDT

India's third-largest mobile telecom firm by revenue , Idea Cellular, sees its portfolio of 7,500 towers as "a potential value unlocking" opportunity, said a top company official. Idea's towers are in some of its core markets, adding substantial value to the enterprise majority owned by the Aditya Birla Group.

India may protect auto companies in EU pact

Posted: 27 Mar 2011 05:09 PM PDT

Indian automakers may manage to retain some protection from cheaper imports for another five years.

Amul looks beyond Gujrat for milk

Posted: 27 Mar 2011 11:40 AM PDT

In a strategic move aimed at grabbing a larger share of the growing demand for milk in the country, Amul's parent Gujarat Cooperative Milk Marketing Federation (GCMMF) has, for the first time, gone beyond its Gujarat boundary and procured milk from other states as well.

Govt push to 49% FDI in insurance

Posted: 27 Mar 2011 11:39 AM PDT

Finance minister Pranab Mukherjee on Sunday said the government is talking to political parties to garner support required to push through a bill that allows 49% FDI in the insurance sector.

RIL to form financial services JV

Posted: 27 Mar 2011 06:48 AM PDT

Reliance Industries Ltd , controlled by billionaire Mukesh Ambani, agreed to set up a joint venture with the DE Shaw Group to build a financial services company, Reliance said in a statement on Sunday.

Rs27cr penalty on Bharti for norms violation in J&K

Posted: 27 Mar 2011 05:49 AM PDT

Facing a huge penalty of over Rs 26 crore for not following guidelines on re-verification of pre-paid subscribers in the troubled Jammu and Kashmir, Bharti Airtel has asked the J&K division of DoT to take a lenient view and review the penalty.

BlackBerry may develop India into export hub

Posted: 27 Mar 2011 02:22 AM PDT

After Nokia, Samsung, LG and other global brands, BlackBerry smartphones-maker Research in Motion is likely to set up an Indian manufacturing facility in view of the potential within the country and the surrounding region and may develop the country into an export hub.

EPFO to remove 'suspense' from ISA

Posted: 27 Mar 2011 02:19 AM PDT

To remove the ambiguity over whether 'Interest Suspense Account' (ISA) is a regular account or not, the retirement fund body EPFO is planning to name it as 'Interest Account'.

Govt, RBI working to lower banking costs: FM

Posted: 27 Mar 2011 02:04 AM PDT

Expressing concern over high costs and limited reach of banking services, finance minister Pranab Mukherjee today said that the government was working in collaboration with RBI to address these concerns.
Posted by Harshad at 9:14 PM

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