UTI Mutual Fund will shortly launch auto sector fund and portfolio management scheme (PMS) even as it forged a tie-up with Corpration Bank to distribute mutual fund schemes through the latter's branch network in the country.
Is this year's budget going to encourage savings and investments or is it going to act as a dampener?
The Unit Trust of India Asset Management Company on Saturday called for a lower tax regime for mutual fund industry for the benefit of average investors.
UTI Mutual Fund has targeted to raise at least Rs 5,000 crore by distributing its products through bank branches over the next 12 months.
A combination of bank guarantees, letters of credit, buyer's credit for computer servers have been provided to the two local operational arms by Kotak Mahindra Bank and Deutsche Bank.
Animation is going to be big business in India, and the country can create talents rapidly
UTI MF will also launch six more schemes as part of its growth plans.
UTI-I will not offload its holding in UTI Bank Ltd and instead be part of the UTI brand to exploit business synergies.
'It's the brazen corruption involving politicians that makes you sit up years after the event,' notes Nivedita Mookerji after reading B K Syngal's Telecom Man.
Brands names are always critical, but -- as Ambi Parameswaran has discovered -- finding the right one for the Indian consumer requires something special.
The RBI, according to the source, wants details on the procedure followed for credit appraisal by the bank while giving loans to Videocon.
'Electronic media splash sensational headlines of the bulb prices about to cross the three-figure mark and focus on customers looking longingly at baskets full of onions, bemoaning their misery without this essential staple of their diet,' notes Shreekant Sambrani.
Munaf Patel joins Kandy Tuskers in LPL; Sarfaraz pulls out, Malinga unsure
'Let the high price of onions clear the market, matching supply with demand.' 'Let onion growers keep exporting -- we are the world's largest onion exporter, export 10% of our production,' advises Naushad Forbes.
The country's oldest book awards saw some interesting wins.
'Ever since I heard the news, I have been trying to recollect his face. Unfortunately I have not been able to.' 'It seems he was a very quiet, studious boy.' 'I still do not know how I might have missed him.'
A long crisis with a lack of sound short-term, long-term actions can result in sluggish growth in India, similar to that in Japan.
Tamil nadu Chief Minister and All India Dravida Munetra Kazhagam supremo J Jayalalithaa on Monday sacked three ministers and six district heads in the backdrop of her party's defeat in three Lok Sabha seats in Tamil Nadu and Puducherry.
Domestic giants Mumbai continued its winning run in the Syed Mushtaq Ali Trophy thrashing Madhya Pradesh by nine wickets in Mumbai on Monday.
India's billionaires are pledging a decent amount of their wealth for the welfare of society.
Aseem Chhabra picks the finest Indian films in the 2010-2019 decade.
The chairman's post will soon fall vacant, but that's not the only one that needs to be filled.
The economic growth fell to a decade low of 5 per cent in 2012-13 fiscal.
'What is bank recapitalisation? When the rich take loans and do not return and the government returns that money to the banks.' 'What is restructuring 5:25 scheme? The government says don't return now, just tell us you will return after five years.' 'Why don't we apply these schemes to farmers?' 'I want to increase the power of farmers to blackmail the government as everyone in the country has the power to blackmail.'
'Indian nationhood is indeed at the cusp of alarming redefinition -- hate-filled, and exclusionary.' 'Nations are not built this way, instead these are the ways of liquidating nations.' 'We must pre-empt it.' 'Can we?' asks Mohammad Sajjad.
When the news of Kalam's death came, the sculptor in Hussaini wanted to immortalise him like when he had done a huge sculpture of the first Indian-American astronaut Kalpana Chawla.
'In this country, if any government acquires one of these images -- anti-farmer, or anti-poor or corrupt -- the government doesn't survive.' 'The Modi government is fast acquiring that anti-farmer image, that is why it is nervous.'
This route accounts for Rs 2.75 lakh crore of FPI holdings.
Without bringing sound governance and technical capabilities into the RBI's work, injecting new money sets the stage for a next wave of bad behaviour by banks, warns Ajay Shah.
A round-up of all the Ranji Trophy matches played on Monday.
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