NEW YORK: American International Group Inc, the insurer that received about $180 billion of federal bailouts, posted its first profit in seven AIG Top 10 largest recipients of AIG money Fact file on AIG quarters and shares rose 9 percent. The second-quarter net profit attributable to…

Read More..

The government today said the textile industry will get Rs 2,546 crore under the Technology Upgradation Fund Scheme (TUFS) within three working days, which is seen as a stimulus to the sector impacted by slump in global commerce.”…Rs 2,546 crore (under TUFS) will reach the ben…

Read More..

ABG Shipyard has increased its open offer price for Great Offshore to Rs 520 per share from Rs 450 earlier. The company said it had bought 1.5 lakh Great Offshore shares on Monday at and average price of Rs 498.4 per share. CNBC-TV18’s Nimesh Shah reports that this is the third time ABG…

Read More..

MUMBAI: Benchmarks remained subdued Tuesday as traders lacked buying confidence after a sharp upmove in last session. Profit booking in Asian markets also dented sentiments. At 12:15 pm, Bombay Stock Exchange’s Sensex was at 15883.07, down 41.16 points or 0.26 per cent. The index touc…

Read More..

NEW DELHI: With an increased risk appetite, global investors poured in over USD one billion in equity funds focused on the Asian economies in the fourth week of July and India alone received $211 million. With the Indian equity market touching a 13-month high level last week, flows into…

Read More..

From August 1, things will change dramatically for the mutual fund industry with investors no longer having to pay an entry fee on their investments. Fund houses already grappling with falling sales and rising expenses will now need to shell out extra commissions to distributors as an …

Read More..

NEW DELHI: Call it a stimulus package for equity investors. Government companies in India have outperformed their private sector peers in doling PSU Monitor your financial health Why be a wealth manager! How to boost income in crisis! out dividends during the recent phase of economic…

Read More..

RALEIGH, NORTH CAROLINA: President Barack Obama said on Wednesday the United States may be starting to see the end of the 19-month recession and that his policies helped the country from plunging into a depression. Obama made a detailed defense of his economic policies, from bank and au…

Read More..

Adani Power initial public offering (IPO) witnessed huge investor interest and was subscribed 4.55 times on the second day of subscription. The issue received bids for 1,13,15,07,130 shares as against the issue size of 30,16,52,031 shares, as per the data available on the NSE website. Ti…

Read More..

MUMBAI: RBI’s policy review spells status quo for debt investors. According to financial experts, investors can hold on to their debt investments as the interest rates are likely to remain steady in the medium term. They also advise investors look out for corporate deposits, which…

Read More..