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Popular Articles

N97 to hit Indian market by Diwali
To cash in on the festivity, the world"s largest handset maker, Nokia, today said it will launch new version of its flagship smartphone N97 in the Indian market by Diwali or middle of October this year.

Dr Reddy's up 2% on Q1 net surge
The stock extended gains and touched a high of Rs 795, up 9% from its low. It finally settled at Rs 786 - up 5%. It is now only 5% lower from its 52-week high of Rs 829 which it had touched yesterday.

News of the day

Banking stocks at 52-week high on hopes of credit growth
The banking stocks continue to rule high on the back of stimulus measures by the Reserve Bank of India that helped revival of economic growth and attraction of foreign funds. Key economic data like the recent Index of Industrial Production (IIP) indicated likely swift recovery of the economy. Factory output at 10.4% in August registered the highest growth rate in 22 months.
Small Business

UTI Mutual Fund to sell 26% stake by August

The country"s oldest fund house, UTI Asset Management Company (AMC), today said it will divest 26 per cent stake to a strategic partner by August this year. "It (process of stake sale) is on the track. We are awaiting clearnace from the stakeholders," UTI AMC Chairman and Managing Director U K Sinha told PTI. Even the pre-IPO placement that was intended to offload about 11 per cent of the post diluted shares was also been put on hold. About 1.2 crore shares were proposed to be offloaded through pre-IPO placements to strategic partners. In April, UTI AMC"s average asset under management increased by Rs 4,616.77 crore to Rs 54,489.99 crore.


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