Invest online for transparency, safety
Mutual funds have been a preferred route for retail investors who are not very keen on directly investing in stock markets. Until market regulator Sebi banned entry loads on mutual funds last year, these were largely sold by distributors of the fund houses across the country. However, distributors no longer find it lucrative to sell ...
Is this America’s worst investment?
Investors have poured billions into exchange-traded funds that attempt to track the prices of raw materials. But when commodities go up, commodity ETFs often don't.
Cabinet clears Rs 5,000 cr for banks towards interest subsidy…
The government on Friday decided to release close to Rs 5,000 crore to financial institutions to facilitate subsidised short-term loans to farmers. Farmers will be able to get farm loans at interest rate as low as 5% once the money is released. The government has been subsidising short-term farm loans since 2006-07 and had also ...
Apple tops Forbes most-valuable brands list, Microsoft follows…
When the going gets tough, the tough get going. Apple has emerged at the top of the Forbes list of world s most valuable brands, despite signal reception complaints over its glitzy iPhone 4 and a pancreatic cancer nagging its iconic founder. Despite a hefty settlement to pay for healthcare expenses, the Marlboro man reigns ...
OMSS wheat turns dearer on high taxes
Despite the government s good intention to offload excess wheat stocks into the market through the Open Market Sale Scheme (OMSS) to check any rise in prices, there might not be much impact on the ground as traders are not very keen to purchase government sold grains because high base price along with multiple state ...
After SBI, IDBI taps overseas mkt
Following State Bank of India (SBI), IDBI Bank is now raising funds from the overseas markets. The bank s US dollar-denominated senior unsecured bonds will be issued through its branch in the Dubai International Financial Centre (DIFC) under the bank s $1.5-billion medium-term note (MTN) programme. The issuance amount is yet to be determined, while ...
GLOBAL MARKETS – Stocks, dollar slide even as growth fears ease
NEW YORK (Reuters) - Global stocks and the U.S. dollar slid on Friday as investors trimmed risk exposure on data showing the U.S. economy slowing a bit more than expected while other news suggested a slow, steady recovery.
Obama says U.S. automaker rescues paying off
DETROIT (Reuters) - U.S. President Barack Obama on Friday defended his decision to bail out General Motors and Chrysler in 2009, saying he had proven the naysayers wrong as he touted his economic policies ahead of the November congressional elections.
CORRECTED – Imports slow US Q2 growth
WASHINGTON (Reuters) - U.S. economic growth slowed in the second quarter as companies invested heavily in equipment from abroad and the pace of consumer spending eased, raising concerns about the recovery in the rest of 2010.
Chrysler profitable, no rush to IPO – CEO
DETROIT (Reuters) - Chrysler, the No. 3 U.S. automaker, would be profitable on a net basis if it were not for the interest costs of loans remaining from its bailout, the automaker's chief executive said on Friday.