In a latest development it is reported that the CEO of LIC Housing Finance is being arrested by CBI in a financial scam. Central Bank of India is also under scanner. The report has brought the markets down by 1.5%. Banking and realty sector are the worst hit after the news. …
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LIC to invest Rs 1 lakh crore in stock market in 2009-10
Posted on: September 3rd 2009 in Stock News.
NEW DELHI: State-run life insurance major LIC on Thursday said it will invest Rs 1 lakh crore in the equity market in the current fiscal, up from Rs 35,000 crore during 2008-09. “We have already invested Rs 40,000 crore in the stock market in the first four months of the current fi…
MF industry sees erosion of Rs 8,000 cr in March
Posted on: April 2nd 2009 in Press Releases.
The mutual fund industry witnessed a drop of nearly Rs 8,000 crore in its assets in March, plunging below the Rs 5,00,000-crore mark, even as 12 fund houses, including HDFC MF, saw an addition to their kitty. …
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