Moneycontrol News Archive

NAVs close with negative returns

21st May, 2010 23:14

Equity diversified NAVs closed lower with advance:decline ratio of 1:250 as the benchmark index Nifty ended on a flat note after a gap down opening of 100 points.

Banks resilient as fund managers seek to cut fees

21st May, 2010 23:02

What if fund managers handled new share sales and cut out the middleman -- the investment banks -- to avoid the hefty fees charged on the offer price?

EU ministers look to add teeth to budget rules

21st May, 2010 23:00

EU finance ministers will on Friday examine ways of toughening common budget rules as they look to shore up the euro and guard against a debt meltdown, with German

BSNL board approves snap tender for 6m GSM lines: Sources

21st May, 2010 22:51

State-run telecom firm Bharat Sanchar Nigam Ltd (BSNL) board has approved snap tender for six million GSM lines, which is likely to be concluded in 60 days, report

German parliament approves euro aid package

21st May, 2010 22:02

Germany's parliament approved a law on Friday allowing Europe's biggest economy to contribute to a 750 billion euro (USD 940 billion) emergency debt package despit

3G winners to make bid payment by May 31: Govt

21st May, 2010 21:51

The government on Friday asked the winners of the all-India third-generation (3G) spectrum bidding in the recently concluded auction to pay by May 31, failure of w

ICICI-BoR deal should clear FIPB clearance first: DIPP

21st May, 2010 21:43

The merger of Bank of Rajasthan BoR) with ICICI Bank will have to clear a new regulatory norm before the deal is completed, say sources to CNBC-TV18.

Growth formula: Experts analyse the Abbott-Piramal deal 

21st May, 2010 20:56

Abbott laboratories will buy Piramal Healthcare's domestic formulations business for a whopping USD 3.7 billion. In an interview with CNBC-TV18, Sujay Shetty, Lead

Undertone of mkt still remains brittle 

21st May, 2010 20:28

The undertone of the market still remains fairly brittle. Today we came out on the right side of it but volatility is still very high, locally and globally. Headin

Reliance resumes output as cyclone fades: Sources

21st May, 2010 19:51

Reliance Industries resumed oil and gas production on Friday from its MA-1 field on the east coast as cyclone Laila weakened, a company source said.

Shiv Nadar: Paying back society through education 

21st May, 2010 19:26

Shiv Nadar is now on a mission to empower those who have the potential, but not the resources or opportunities.

IRDA to rectify flaws in ULIPs 

21st May, 2010 19:09

Insurance regulator Insurance Regulatory and Development Authority or IRDA is on an overdrive to rectify certain flaws in ULIPs: from bringing transparency in comm

Telecom firms sell Rs 8000 cr of CP: Sources

21st May, 2010 19:05

Several Indian telecommunications companies have raised a total at least 80 billion rupees via short-term debt recently, three bankers with knowledge of the deals

German lawmakers back euro aid, stocks tumble

21st May, 2010 19:05

German lawmakers approved on Friday a USD 1 trillion safety net to stabilise the euro as world stocks slid further on fears Europe's debt crisis and tougher financ

Govt plans local monsoon forecasts to boost crops

21st May, 2010 19:00

India's weather office will start issuing localised forecasts for monsoon rains this year, helping farmers plan better and raise yields by up to 8%, weather offici