LIC emerges sole bidder in Harshad's ACC shares sale bid
Mumbai: Life Insurance Corporation of India on Wednesday emerged as the sole bidder for 1.63 crore shares of cement major ACC Ltd owned by notified parties — including family members of the late big bull Harshad Mehta — which were put up for auction by the Custodian appointed for the 1992 stocks scam.
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Tata MF joins retirement plan bandwagon
Kolkata: Planning for retirement is fast becoming a catchword for mutual funds. Tata MF is the latest player to adopt it, thanks to a `retirement planning series' that it has added to its normal gilt fund.
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MIPs still growing strong
Mumbai: Monthly Income Plans are still growing at a terrific pace as investors flock to them, lured by the returns being generated mostly by the small but critical equity portions in their portfolios.
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NSE to widen investor base
Mumbai: In order to deepen the recently started Interest Rate Futures market, the National Stock Exchange aims to widen the investor base to provide for diverse opinions on the interest rate trend.
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NDF Arbitrage, Receiving Interest Fuel Forward Crash
Mumbai: A reverse arbitrage opportunity in the non-deliverable forwards market along with huge receiving interest on the part of exporters triggered a crash in the forward premiums on Wednesday. Near-term forwards — for the first three-month dollars — were seen at a discount.
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