Fiscal year 2011-12 faced a huge setback in terms of valuation with an entire loss of about $125 billion. Out of them, top 10 companies lost around $25 billion at the end of March 31st, 2012. This is the biggest loss in the past decade and to add more, the first loss after two huge […]
After the whole financial budget of 2012-13, there are some points has been noted down for the Non-Residential Indians (NRIs). The government will now allow the qualified foreign investors access to the Indian corporate debt market. This proposal when implemented in the market, it came up as the positive sign for the country’s shallow bond […]
The Indian Mutual Fund Industry’s assets increased to Rs. 6.75 trillion by the end of February 2012, recording an increase of Rs. 161 billion over Rs. 6.59 trillion in February. According to Crisil Research, the 2% month-on-month rise in mutual fund assets in February 2012 was largely because of mark-t-market gains jagged by equity funds […]
India is planning to raise 300 billion rupees by selling stakes in state-run firms in the upcoming fiscal year 2013, which is going to start from April 1, says Union Finance Minister, Pranab Mukherjee. The government also set a goal of collecting 250 billion rupees by selling assets in the year 2013-14, informed Pranab Mukherjee […]
For Budget 2013 – 2014, Click here We have already told you about the most expected dates for this year’s Union Budget Session. As of now, the Budget 2012 session is expected to start from 11 AM onwards on 16th March. If you won’t have an access to a television on this day in order […]
The investment perimeter for retail investors in the tax-free bond of Rural Electrification Corporation Ltd (REC), which opened on Tuesday, has been raised to Rs 5 lakh from Rs 1 lakh allowed earlier. This follows the modification of the definition of retail investors by the Ministry of Finance, Department of Revenue (Central Board of Direct […]
The Aditya Birla Group established their new research and development center at Taloja in Navi Mumbai on Saturday. This centre is a part of recently-launched Aditya Birla Science and Technology Company (ABSTC), which has been set up with the cost of Rs. 250 crore. Kumar Mangalam Birla ABSTC will serve as a central hub for […]
After the announcement of the quarterly results, Mphasis started to drift in the market. The company posted net profit of Rs 147.61 crore for quarter ended January 2012 as compared to Rs 209.11 crore in the same period a year ago. Total income increased to Rs 893.45 crore for quarter ended January 2012 from Rs […]
