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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The Monetary Policy Committee, led by Governor Mervyn King, reduced the bank rate to 2%, the lowest level since 1951 As expected, the Bank of England (BOE) on Thursday slashed its key interest rate to the lowest in more than five decades, as the British central bank scrambles to revive t…

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MUMBAI: Cement manaufacturer ACC Ltd plans to raise at least Rs 100 crore through a bond issue soon, three market sources said on Wednesday. “It is looking at raising five-year funds,” one of the sources, said. …

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MUMBAI: Indian commodity markets regulator have allowed exchanges to restart trade in the four suspended commodities from Thursday, its chairman said late on Wednesday. “We have given permission to the exchanges to restart trading,” B.C. Khatua told reporters. Officials at N…

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Metro Cash & Carry, the German wholesale retailer, today said that it plans to invest Rs 900 crore in Punjab to set up six distribution centers.“We have plans to enter Punjab now,” said Martin Dlouhy, managing director of Metro Cash & Carry, India, without mentioning a time …

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Foreign institutional investors (FIIs) were net sellers of Rs 452.11 crore (provisional) today, according to data released by BSE.While FIIs made gross purchases of Rs 888.39 crore, gross sales totalled Rs 1,340.50 crore. …

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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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Foreign institutional investors (FIIs) were net sellers of Rs 323.01 crore (provisional) today, according to data released by BSE.While FIIs made gross purchases of Rs 891.62 crore, gross sales totalled Rs 1,214.63 crore. …

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Foreign institutional investors (FIIs) were net buyers of Rs 28.64 crore (provisional) today, according to data released by BSE.While FIIs made gross purchases of Rs 1,674.62 crore, gross sales totalled Rs 1,645.98 crore. …

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As bourses worldwide traded in volatile zone, the collective value of Indian stocks trading on the American markets tumbled by nearly $3 billion in the month of November, with IT major Infosys Technologies alone witnessing an erosion of $1.73 billion.Swinging between the highs and lows, t…

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