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…

Read More..

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…

Read More..

Indo Tech Transformers clarified that the contents of the article appear to be speculative and the Company is not aware of any such developments and are accordingly denied. Shares of Indo Tech surged despite denying news that GE was eyeing majority stake in the company. …

Read More..

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 …

Read More..

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…

Read More..

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…

Read More..

Ashok Kapur, non-executive chairman of private sector lender Yes Bank, has been killed by terrorists in the Trident-Oberoi hotel complex in Mumbai.Kapur was the founding promoter and held 11.83 per cent stake in the bank at the end of September 2008. …

Read More..

Both the Bombay Stock Exchange and the National Stock Exchange will remain closed today due to the terror attacks on Mumbai. This was confirmed by the capital market regulator, SEBI. Normal trade will resume tomorrow (Friday.) Meanwhile, the November expiry is postponed till Friday. MCX C…

Read More..

Mumbai: Army and police commandos are engaged in fierce gunbattle with small groups of terrorists who have taken many people hostages at the Taj Intercontinental Hotel, Oberoi Hotel and the Cama Hospital. …

Read More..

Subex Ltd., a leading global provider of Operations and Business Support Systems (OSS/BSS), announced on Wednesday that Telekom Slovenije, Slovernia’s primary telecom operator, will be implementing the Revenue Operation’s Center’s (ROC) revenue assurance application usin…

Read More..