Mumbai: Net values of Indian equity funds fell more than half in 2008, giving up the entire gain made in the previous two calendar years, as the main stock index plunged 52.4 per cent to record its worst annual performance ever. “The fall was stunning and one of the major losses.. …

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MUMBAI: Reliance Communications on Tuesday said it has repurchased bonds worth $25 million from the international market. In a statement to theBSE, RCom said it has bought back 250, zero coupon, foreign currency convertible bonds of $100,000 each at a discount of 52.5% to the conversion p…

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The top-level security meeting held by Prime Minister Manmohan Singh last Saturday (December 20) was actually a meeting of Nuclear Command Authority (NCA). The meeting,  which coincided with the first strong sign of Islamabad backtracking on its promise to crack down on the masterminds …

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With stock markets collapsing amid the global economic turmoil, investors are losing faith in equities and have pulled out as much as $72 billion from stock funds in October alone.According to the Wall Street Journal, one of the characteristics of the long market downturns in the 1930s an…

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MUMBAI: Snapping a three-day winning streak, Indian markets fell Wednesday led by profit booking in realty, power, metal and IT stocks. The negative opening of European stocks washed out the expected recovery of the indices in the afternoon. National Stock Exchange’s 50-share Nifty …

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Mumbai: The benchmark Sensex closed 1.47% higher on Monday, December 15, as foreign funds buying continued. Other factors that kept the bullish sentiment intact were the rising Asian markets and the latest announcement of slashed interest rates on home loans between Rs5-20 lakh by PSU ban…

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Mumbai: State-run NTPC today said its joint venture firm with NHPC Ltd, Power Finance Corp and Tata Consultancy Services has been incorporated as National Power Exchange Ltd, and it holds 16.67% in the new entity. “NTPC and NHPC contribute 16.67% equity each, Power Finance Corporation c…

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MUMBAI: The Securities and Exchange Board of India (SEBI) on Thursday said investors won’t be allowed to exit from close-ended mutual fund schemes before maturity and asked fund houses to list them on stock exchanges. The market regulator also said all such funds must invest in inst…

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MUMBAI: Equities witnessed a volatile session Tuesday. After wallowing in the red for major part of the session, the indices pulled back sharply to end off lows. Short covering in realty, power and banking led to the recovery while fall in index-heavy weight Reliance Industries capped the…

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The Sensex opened with significant positive gap of 258 points at 9,161 on the back of positive cues from the US markets. The index soon touched a high of 9,183, and thereafter pared gains as the day progressed. Significant weakness in select energy, realty and banking stocks dragged the …

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