"Earlier, India was a land of snake charmers. Now, Americans perceive Indians to be very smart. The infotech revolution changed it all," says FICCI Secretary-General Amit Mitra.
M Damodaran, chairman and managing director of Industrial Bank of India was on Thursday appointed the chairman of Securities and Exchange Board of India.
CBI conducted raids at over two dozen places including those of senior officials of SBI Mutual Fund, UTI and broker Ketan Parekh for allegedly duping the financial institutions of crores of rupees in the latest stock market scam.
M Damodaran was the brand that managed the UTI crisis.
We have highlighted the performances of some of the leading diversified equity funds that have completed a decade long existence.
The finance ministry on Thursday appointed National Securities Depository Ltd to provide PAN cards to new taxpayers in 139 cities from next week.
The economic reforms process has got a boost following the presidential assent to the Unit Trust of India (Transfer of Undertaking and Repeal) Bill, 2002 and Securities and Exchange Board of India (Amendment) Bill, 2002.\n\n\n\n
'Who is telling the truth? Former finance secretary Ajit Kumar or disgraced former UTI chairman P S Subramanyam?' asks Paranjoy Guha Thakurta.
Chennai-based DSQ Software may earn the dubious distinction of becoming the first company to be referred to the newly-created Serious Frauds Investigation Office for its role in the securities scam, sources said on Tuesday.
Foreign investors are believed to have accounted for majority of the bids totalling over 10.5 crore (105 million) shares for MUL's maiden public offer.\n
The government will provide Rs 1,200 crore (Rs 12 billion) to UTI-I in the next fiscal to enable closure of three assured return schemes.
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.
Indraprastha Gas on Tuesday said it has obtained the approval of FIPB for transfer of equity shares to non-resident Indians, foreign institutional investors and foreign venture capital funds in its proposed initial public offer.
UTI Venture Funds and TDA Capital Partners have invested $2.3 million for a minority stake in RevIT Systems Private Limited and its subsidiary, Sherpa Business Solutions, a healthcare and publishing BPO company, based in Chennai.
The government on Wednesday issued special 6-year bonds worth Rs 328 crore (Rs 3.28 billion) for meeting Unit Trust of India's shortfall in assured return scheme.
The government will soon come up with Rs 5,000 crore (Rs 50 billion) bonds, offering a tax-free return of 6.6 per cent for investors in seven assured return schemes of the Unit Trust of India.
Government is planning to foreclose seven major assured return schemes of the Unit Trust of India, including the 'Children Growth Fund'.
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