Hindalco has done very well with Rs 900 crore (Rs 9 billion) of ebidta in June quarter.
Automobile sector accounts for the third-highest equity mutual fund contributions.
BofA-ML mandated to find buyer for 27.5% stake in media group's holding firm
The group plans Rs 30,000-cr oil refinery with IOC; buys Lanco's Udupi power plant for Rs 6,000 cr
Such schemes try to exploit an anomaly in taxation, but aren't in violation of laws, experts say.
Sale at acquisition price may have been prompted by slow coal traffic and fall in prices.
Money flowing into the equity schemes of mutual funds is back at a level last seen before the 2008 financial crisis, when the stock market tanked 60 per cent.
Fixed deposits can fetch 9-9.5% interest versus 3.5% to be received by Cairn, say institutions.
The company will wait for sizeable user base for better valuation.
One should base the decision on one's potential liability under the new tax rules.
Provisioning for bad investments, finance costs shoot up in FY14.
Budget 2014-15 has done away with the tax sunset clause of March 2014.
Rules applicable from April 1, 2014; investors who have already redeemed will also have to pay tax
Though the sum was nowhere close to the big-ticket monthly purchases seen during the 2004-2008 bull run, it is significant, as it confirms the reversal of a selling spree that began in September 2013.
The company will use the proceeds to part-repay its debt, which stands at Rs 34,000 crore (Rs 340 billion) even after the recent qualified institutional placement of its shares. An RCom board committee recently approved the sale of these assets.
Time for approving new fund offers down from 6 months to 2 months; MFs have mobilised Rs 4,000 crore from nearly 30 equity NFOs since October last year.
In January this year, Tata Sons invested an additional Rs 2,500 crore (Rs 25 billion) in Tata Teleservices which was used to repay loans of the wireless telephony company.
The company had appointed a three-member committee of directors to implement the changes.
A Balasubramanian tells Business Standard that the sector will see one of its best phases in the coming five years.
HDFC Equity, the largest equity fund, also managed by Prashant Jain, with a corpus of Rs 10,445 crore, has 9.4 per cent of its assets in SBI.
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