UTI Asset Management Company will float an initial public offer by March-end 2008 to help its sponsors State Bank of India, Life Insurance Corporation, Punjab National Bank and Bank of Baroda -- offload up to 50 per cent stake.
Issues Rs 358 crore interim dividend, 1:10 bonus and 10:1 split
There are certain key points that one must know when while applying for education loans
Strong gains in Vedanta Ltd, Adani Ports, Bharti Airtel and Maruti Suzuki helped the index touch record levels.
Neha Kapoor, 22, wants to buy a laptop and save for the future. Financial planning expert Gaurav Mashruwala tells her how she can achieve both goals.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Bank shares were the top losers along with index heavyweight RIL
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The benchmark has gained 2 per cent this week on continued hopes the incoming Narendra Modi government would unveil substantial economic reforms.
'Completely disregarding ground reports of starvation deaths owing to Aadhaar and potentially disguising these deaths to look like accidents appears brutal,' says Rajendran Narayanan.
HDFC MF has had a history of stock options and gave additional ESOPs to key staff a few months ago
This came even as the airline recorded the fastest domestic passenger growth rate of 26 per cent.
Credit card payments to buy fuel at petrol pumps will from October 1 not get a 0.75 per cent discount that State-owned oil companies had introduced more than two-and-a-half years back to promote digital payments.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
LIC's Rs 3,000 crore bid helped HAL reach the minimum 10 per cent dilution threshold required for listing, sources said
Six firms have qualified for managing EPFO funds.
The Nifty closed at 10,335.30, down 28.35 points, or 0.27 per cent.
In 2012, Diageo signed a deal to buy stake in USL.
Banks have started charging customers for payment of credit card bills through cheque and so paying online makes more sense.
Reliance Industries raced to 52-week high on better than estimated earnings and announcement of bonus share.
The Reserve Bank of India (RBI) cut its key repo rate by a bigger-than-expected 50 basis points.
Tata remains India's powerful brand with its value ring over $15 billion for the first time.
Women dominate Indian banks's clerical and officer rolls, but few make it to the executive office these days, notes Tamal Bandyopadhyay.
The BSE Sensex jumped 70.42 points to end at 34,503.49, while the broader NSE Nifty finished at 10,651.20, up 19 points.
After last Monday's massive fall in the Indian markets, a lot of quality stocks have fallen significantly.
Among the gainers, Sun Pharma topped by rising 3.03 per cent as the weak rupee tempted buyers to accumulate shares of pharma exporters.
In the Sensex pack, M&M was the biggest loser, tumbling by 6.66 per cent, followed by TCS dropping 4.14 per cent.
Yes Bank said it is set to unveil a branch to be operated exclusively by women.
LIC is one of the largest Indian shareholders in the country's largest car maker, with a 6.93% stake.
You will be much better off buying the required plans directly from life and general insurers, experts tell Chirag Madia
V Viswanand, director and head, Products and Persistency Management, Max Life Insurance, will answer your queries in an online chat September 3, between 2 pm and 3 pm.
A formal sector worker can contribute towards pension scheme till the age of 58.
Alvarez & Marsal will develop a detailed restructuring plan for the group to demonstrate to shareholders and lenders that it was self-sufficient in repaying its liabilities. So far, the IL&FS management had been working on its revival plan.
managers said the weaker rupee, which has driven up shares of technology companies, has helped the fund fetch better returns.
Vijay Mallya who inherited the UB Group from his father as a young 28-year-old, said he has got "nothing to prove".
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The rupee had earlier this month touched a life time low of 61.21 to a dollar.
Some lenders in talks with LIC for pvt placement
As a nationwide strike of trade unions hit banking and other services on Wednesday, business chambers pegged the loss to the economy at a staggering Rs 25,000 crore and said such "disruptive" actions can hit India's image as an attractive business destination.
The broader NSE Nifty index too finished lower by 4.80 points, or 0.05 per cent, at 10,632.20.
