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UTI-I to exit from subsidiaries
WHILE the future of UTI Mutual Fund remains hazy, clarity is emerging on the roadmap for its twin outfit - the Specified Undertaking of Unit Trust of India (SUUTI) also called UTI-I. In what would pave the way for the eventual winding up of ...
Reliance Life buys AMP Sanmar
THE Chennai-based Sanmar group today announced the sale of its interests in AMP Sanmar Life Insurance Company to Reliance Life Insurance, a subsidiary of Reliance Capital Ltd (RCL). An official statement from Reliance Life Insurance said: "The ...
Mid-cap stocks' higher price-earning ratio worries investors
PRICE-EARNING (P/E) ratio of mid-cap stocks has caused concern among the investors, as it is much higher than that of the large-cap stocks. This is seen from the comparison of P/E ratios of BSE Sensex, S&P CNX Nifty and CNX Midcap indexes. P/E ..
Frustrating battle for Mumbaikars
THERE was a time when the Mumbaikar was as predictable as the city's trains. An all-weather, 24x7 operation, who even in his deepest slumber could still be woken up to the day's grind. That was true until a few days ago when torrential rains ...
Fear of job loss due to outsourcing IT career loses sheen among US students
RISING salaries and a growing software industry may have made IT one of the most sought-after careers for Indian students. An estimated 73,500 engineering graduates are expected to take up hi-tech jobs this fiscal. But computer science is fast ...
Govt to cut guarantee fee on loans raised by PSUs
IN a significant policy decision, the Government has decided to prune the 1.2 per cent guarantee fee charged by it on outstanding multilateral loans sourced by Central public sector undertakings (CPSUs). To be decided on a case-to-case basis, ...
CERC rejects Reliance Energy plan to execute transmission project
THE Central Electricity Regulatory Commission (CERC) has rejected the application of Reliance Energy Transmission Ltd for a licence to undertake construction of 20 transmission lines and 13 sub-stations in the western region. The company had ...
Another rain alert in Mumbai
A MASSIVE cluster of rain-bearing clouds poured its contents over Mumbai on Sunday in a feared repeat of the inundation set off by a monsoon vortex last Tuesday. Civic authorities in the megalopolis have been warned about more heavy rain ...
Data back-up centres to the rescue of financial sector
THE torrential rain, which paralysed life in Mumbai last week, could have wrought havoc on business continuity had it not been for the alternative data back-up centres established by financial organisations in other cities. Though in some ...
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