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UCO Bank ties up with Hyundai Motor India
Posted: March 11th, 2010, 4:37am EST
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UCO Bank has signed a pact with Hyundai Motor India Ltd for vehicle financing, a company statement said here. -
Shariah funds see above average returns
Posted: March 10th, 2010, 9:02pm EST
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Funds of Bajaj Allianz Life & Tata AIG Life see 109% returns against 70% seen by CNX Nifty Index. -
Sitting on Rs 35,000-cr cash, BSNL may start PE
Posted: March 9th, 2010, 8:00pm EST
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BSNL mulls using part of its cash reserves to create PE or venture fund, which will invest in technology and IT-related firms. Developments investors need to track
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Rate hike in the air, banks raise Rs 4k-cr CDs a day
Posted: March 9th, 2010, 2:52pm EST
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The money market is witnessing a flurry of activity with banks looking to raise funds ahead of the beginning of a new fiscal and in anticipation that RBI may raise interest rates anytime soon. -
BofA Merrill looks to bring Nakhate back from JPMorgan
Posted: March 8th, 2010, 4:52pm EST
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Bank of America Merrill Lynch seeks to bring back former equities star Kaku Nakhate and a team from JPMorgan Chase in Mumbai. -
Sequoia may pick up 9.4% in CARE
Posted: March 8th, 2010, 3:12pm EST
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Sequoia Capital to pick up 9.4% stake in rating agency Credit Analysis and Research Ltd (CARE) for Rs 73.5 crore. -
Fund assets up in February; strong flows in stock funds
Posted: March 8th, 2010, 3:50am EST
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Assets of mutual funds rose 1.08 percent to 7.7 trillion rupees in February with equity funds' net monthly collections at the strongest since July, data from the Association of Mutual Funds in India showed. -
Gold rush over for microfinance
Posted: March 7th, 2010, 4:20pm EST
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Kolar in Karnataka was once famous for its gold fields. But early last year, the district gave a warning shot to the next crop of gold diggers, even though the mines here shut down long ago. -
EPFO upset over higher SBI fee, may rope in others for PF collection
Posted: March 7th, 2010, 3:02pm EST
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Irked by SBI’s unilateral decision to raise charges on provident fund collections, the retirement fund manager EPFO is considering handing over the business to other banks, and the negotiations for the same may start soon. -
Reliance Capital top fund manager of EPFO in April-Dec 2009-10
Posted: March 5th, 2010, 4:45am EST
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ADAG-promoted Reliance Capital was ranked the topmost retirement fund manager overall by the EPFO for providing good returns and investing money in quality assets, while the state-owned SBI finished at the bottom.