Multi-cap MFs yield best in SIP

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• Multi-cap MFs yield best in SIP
• Indian Oil to automate fuel vending
• India wants emerging markets candidate for IMF top job
• Lagarde is wrong choice to head IMF
• Wagon R challenge in last lap
• 3 Indian cos shortlisted for Oz coal firm
• I-T dept to step up TDS collection
• PSU banks pile up bad debts
• 2G-hit stocks take a beating
• Ratan Tata stands by his statement on Noel
• Diesel cars to corner 50% of sales in 3 yrs
• Pepsi, Hero Honda win WC brand war
• BHEL, SAIL divestment to help govt raise Rs 8,000 crore
• Wipro gets I-T scrutiny notice
• Rupee slips by 21 paise to hit 2-mth low on high dollar demand
• Oil falls below $98 amid stronger US dollar
• Rajiv Kumar replaces Mitra as FICCI Secy General
• Sensex dips below 18k mark; down 333pts
• Sensex closes 340 points down
• HC rejects bail pleas of five corporate executives in 2G case
• Sensex dips below 18k level in 2 months
• Satyam Q4 net loss at Rs 327 crore
• 2G scam: Cineyug director Karim Morani denied anticipatory bail
• Sensex down 168 points on weak Asian cues
• Pakistani rupee falls to record low of 86.50 to dollar

Multi-cap MFs yield best in SIP Posted: 23 May 2011 06:51 PM PDT Systematic investment plans (SIPs) have been observed to be the simplest and most useful wealth creation tools in the hands of average retail investors. But here too, diversity in portfolio helps.

Indian Oil to automate fuel vending Posted: 23 May 2011 06:15 PM PDT In an effort to stem out pilferage, Indian Oil Corporation has started the process to automate the entire fuel filling process at fuel pumps across the country.

India wants emerging markets candidate for IMF top job Posted: 23 May 2011 06:00 PM PDT India favours emerging economies jointly putting forward a candidate to head the International Monetary Fund, even if their bid is ultimately unsuccessful, two Indian finance ministry sources said on Monday.

Lagarde is wrong choice to head IMF Posted: 23 May 2011 05:58 PM PDT Speaking fluent English and being European shouldn't be the only two qualities required of a managing director of the International Monetary Fund.

Wagon R challenge in last lap Posted: 23 May 2011 05:52 PM PDT Maruti Suzuki's Wagon R Think Big Challenge-II, targeting aspiring entrepreneurs and their business ideas is coming to an end on May 26.

3 Indian cos shortlisted for Oz coal firm Posted: 23 May 2011 05:40 PM PDT Aditya Birla, JSW Steel and Jindal Steel & Power are among firms shortlisted to bid for Australian coal explorer Bandanna Energy in a potential billion-dollar-plus sale, sources said.

I-T dept to step up TDS collection Posted: 23 May 2011 05:35 PM PDT Even as the income tax department looks to outsource substantial chunks of non-core functions, it is making a pitch for a staff crunch, estimated at nearly 22,000 personnel, to step up enforcement and collection of revenue through the tax deducted at source (TDS) route.

PSU banks pile up bad debts Posted: 23 May 2011 05:28 PM PDT It isn't just State Bank of India that has large pools of bad debt, other public sector lenders too face a similar situation with the pressure arising from priority sector - the government's pet project.

2G-hit stocks take a beating Posted: 23 May 2011 05:24 PM PDT The stocks of 2G scam tainted firms witnessed another panic selling session on Monday after the Delhi HC rejected the bail application of five executives from these firms.

Ratan Tata stands by his statement on Noel Posted: 23 May 2011 05:20 PM PDT Rata Tata, chairman of the Tata Sons, stands by his statement to The Times, London, that his half-brother Noel Tata may not have acquired the necessary experience to succeed him as head of the diversified Tata Group.

Diesel cars to corner 50% of sales in 3 yrs Posted: 23 May 2011 05:17 PM PDT Spurred by lower fuel price and higher mileage, the charm for diesel is set to get even stronger with nearly half of new car sales coming from the fuel in the next three-to-four years against the 30% share now, top officials from companies like Maruti and Volkswagen said.

Pepsi, Hero Honda win WC brand war Posted: 23 May 2011 05:10 PM PDT Even as we await the verdict on the brand battle being fought around the Indian Premier League (IPL-4), cola major Pepsi and two-wheeler maker Hero Honda have emerged as the two sponsors with the highest consumer recall during the cricket World Cup.

BHEL, SAIL divestment to help govt raise Rs 8,000 crore Posted: 23 May 2011 01:53 PM PDT The government holds 67.72% in Bhel, while in SAIL its shareholding stands at 85.82%.

Wipro gets I-T scrutiny notice Posted: 23 May 2011 06:10 AM PDT The country's third-largest software exporter Wipro on Monday said it has got a scrutiny notice from the Income Tax department for the assessment year 2008-09.

Rupee slips by 21 paise to hit 2-mth low on high dollar demand Posted: 23 May 2011 05:34 AM PDT The rupee depreciated further by 21 paise to close at a 2-month low of 45.22/23 against the US currency, following distinctly weak global stocks amid increased dollar demand from importers.

Oil falls below $98 amid stronger US dollar Posted: 23 May 2011 04:56 AM PDT Oil prices fell below $98 a barrel Monday as the dollar strengthened, making crude more expensive for traders with other currencies, and sentiment was shaken by worries about Europe's debt crisis.

Rajiv Kumar replaces Mitra as FICCI Secy General Posted: 23 May 2011 04:11 AM PDT Rajiv Kumar, a well-known economist, has been appointed as the FICCI secretary general, a post vacated by Amit Mitra who has joined the Mamata Banerjee government in West Bengal as finance minister.

Sensex dips below 18k mark; down 333pts Posted: 23 May 2011 04:02 AM PDT The BSE sensex on Monday sank below the 18k-mark to 17,993, lowest level in 2-months, losing 333 points as funds sold heavyweights on persisting concerns over inflation and high interest rates amid weak global cues on deepening euro-zone debt troubles.

Sensex closes 340 points down Posted: 23 May 2011 04:02 AM PDT Benchmarks ended in deep red as sentiments across global markets turned negative after Fitch downgraded Greece's credit rating to B+ while Standard & Poor's cut its outlook on Italy to "negative" from "stable".

HC rejects bail pleas of five corporate executives in 2G case Posted: 23 May 2011 02:17 AM PDT The bail pleas of 5 corporate honchos, including Unitech group MD Sanjay Chandra and Group MD of Reliance ADAG Gautam Doshi were dismissed.

Sensex dips below 18k level in 2 months Posted: 23 May 2011 01:24 AM PDT The BSE benchmark Sensex dipped below the 18,000-points mark after two months at mid-session today, due to brisk selling by funds in heavy-weight stocks, led by banking and metal sectors.

Satyam Q4 net loss at Rs 327 crore Posted: 23 May 2011 01:17 AM PDT Shares of Mahindra Satyam slumped by nearly 6% in morning trade on the bourses today after the company reported a net loss of Rs 327 crore for the quarter ended March 31, 2011.

2G scam: Cineyug director Karim Morani denied anticipatory bail Posted: 22 May 2011 11:40 PM PDT A Delhi court on Monday dismissed the anticipatory bail plea of Cineyug Films Director Karim Morani, an accused in the 2G spectrum allocation case.

Sensex down 168 points on weak Asian cues Posted: 22 May 2011 10:53 PM PDT The BSE benchmark Sensex was down by 168 points in early trade today on fresh selling by foreign funds and retail investors in banking, metal and auto stocks on the back of weak Asian cues.

Pakistani rupee falls to record low of 86.50 to dollar Posted: 22 May 2011 10:18 PM PDT The Pakistani rupee fell to a record low of 86.50 to the US dollar on Monday on increased demand for dollars for import payments and concerns that growing tensions with the West could choke off much needed foreign aid.

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