L&T MF to buy Fidelity MF’s India business |
- L&T MF to buy Fidelity MF’s India business
- BMW to recall 3,422 units in India, fix battery fault
- Motor insurance to get costlier
- FM not to soften stance on evaders
- CLSA stops selling participatory notes on securities
- Rupee jumps 58 paise Vs dollar
- SBI hikes fixed deposit rates by up to 1%
- Sensex up 205 points on value buying
- Rice production doubles in Bihar, Jharkhand
- Oil falls below $107 as Iran N-talks set
- US nominee for WB presidency to visit India
- Rupee up 14 paise against dollar in early trade
- Sensex gains 177 points on global cues
- 'India to lead pay hike chart in Asia'
| L&T MF to buy Fidelity MF’s India business Posted: 27 Mar 2012 05:15 PM PDT L&T MF will buy Fidelity Mutual Fund in India for an undisclosed amount. For about two months now, USbased Fidelity's management has been in talks with several bidders to sell its India fund management operation and L&T MF emerged as the winner although it was not the highest bidder, sources said. 
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| BMW to recall 3,422 units in India, fix battery fault Posted: 27 Mar 2012 05:13 PM PDT The list of car recalls in India is bulging with German luxury maker BMW calling back over 3,422 units of its 5-series and 6-series models to fix a potential problem with a battery-cable cover. 
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| Motor insurance to get costlier Posted: 27 Mar 2012 05:09 PM PDT Motor insurance rates will rise from April 1 with the insurance regulator notifying new rates for motor third-party premium. 
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| FM not to soften stance on evaders Posted: 27 Mar 2012 05:06 PM PDT Despite protests, finance minister Pranab Mukherjee on Tuesday appeared in no mood to drop the Budget proposal on General Anti Avoidance Rules (GAAR), which is aimed at cracking down on evaders, who are misusing India's double tax avoidance agreements with other countries. 
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| CLSA stops selling participatory notes on securities Posted: 27 Mar 2012 08:19 AM PDT CLSA has stopped selling participatory notes, or derivatives through which foreign investors can invest in Indian securities, citing recent uncertainty regarding the taxation of these products, several sources familiar with the situation said. 
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| Rupee jumps 58 paise Vs dollar Posted: 27 Mar 2012 08:03 AM PDT The rupee today gained a hefty 58 paise against the US currency to end its five-session falling string on fresh dollar selling by exporters and banks. 
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| SBI hikes fixed deposit rates by up to 1% Posted: 27 Mar 2012 07:33 AM PDT Country's largest lender SBI today raised fixed deposit rates on select maturities by up to 1 per cent, amid tight liquidity situation. 
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| Sensex up 205 points on value buying Posted: 27 Mar 2012 06:27 AM PDT In high volatility, the BSE Sensex bounced back 205 points at 17,257.36 today on market reports that the government may not tax all FII investments under the proposed rules that aim to check tax avoidance. Besides, firm equity markets globally provided good support. 
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| Rice production doubles in Bihar, Jharkhand Posted: 27 Mar 2012 03:32 AM PDT Rice production has doubled in the key producing states of Bihar and Jharkhand boosting the output of the staple foodgrain in the country by nearly 10%, Parliament was informed on Tuesday. 
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| Oil falls below $107 as Iran N-talks set Posted: 26 Mar 2012 11:55 PM PDT Oil prices fell below $107 a barrel on Tuesday in Asia as an agreement between Iran and six world powers to meet next month raised hopes of a negotiated resolution to a dispute over the Middle Eastern country's nuclear program. 
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| US nominee for WB presidency to visit India Posted: 26 Mar 2012 11:14 PM PDT In an effort to solicit global support for his bid for the World Bank presidency, US president Barack Obama's nominee Jim Young Kim is undertaking a two-week "listening" tour of India, China and five other countries. 
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| Rupee up 14 paise against dollar in early trade Posted: 26 Mar 2012 09:45 PM PDT The rupee on Tuesday gained 14 paise to 51.13 against the US dollar on the Interbank Foreign Exchange market in early trade, on increased foreign fund inflows amid firm equity markets. 
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| Sensex gains 177 points on global cues Posted: 26 Mar 2012 09:34 PM PDT The BSE benchmark index Sensex on Tuesday rebounded by over 177 points in early trade on buying by funds and retail investors at lower levels, amid a firming trend on other Asian bourses. 
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| 'India to lead pay hike chart in Asia' Posted: 26 Mar 2012 02:58 PM PDT Indian heads of organizations are expected to get the best salary hikes of 8.3%, much better than most of their Asian counterparts. 
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