Archive for category: Daily Finance

MF Could Give Financial Inclusion Another Dimension

17 November, 2009 (11:00) | Daily Finance | By: Nash

MF could give financial inclusion another dimension Technology has simplified our lives. So why should it be any different for our investments? If the internet and mobile phones have made banking — one of the most time-consuming affairs — a pleasant experience, mutual fund transactions are not far behind! Come March 2010 and Indian investors will wake up to a gateway of convenience and

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Banks Asked to Disclose to Customers Fees, Commissions Received From Mutual Funds

17 November, 2009 (10:58) | Daily Finance | By: Nash

Banks asked to disclose to customers fees, commissions received from mutual funds Speed-breaker A senior official with a public sector bank said henceforth, banks cannot recklessly push financial products which earn them higher commissions without bothering whether the product is beneficial to the customer or not. News Bureau Mumbai, Nov. 16 In a move to curb

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Stock Update – UltraTech (UltraTech-Samruddhi Merger; Swap Ratio 4:7)

16 November, 2009 (11:19) | Daily Finance | By: Nash

UltraTech CementCluster: Ugly DucklingRecommendation: BuyPrice target: Rs940Current market price: Rs740UltraTech-Samruddhi merger; swap ratio 4:7 Key points The boards of directors of UltraTech Cement (UltraTech) and Samruddhi Cement (Samruddhi), a

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Stock Update – Glenmark Pharma (Glenmark Announces Some Positive Deals with Medicis)

16 November, 2009 (11:18) | Daily Finance | By: Nash

Glenmark PharmaceuticalsCluster: Apple GreenRecommendation: BuyPrice target: Rs285Current market price: Rs230Glenmark announces some positive deals with MedicisGlenmark Pharmaceuticals (Glenmark) has made a series of announcements regarding its patent settlement (Vanos), abbreviated new drug application (ANDA)

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The Financial Panic is Over: Warren Buffett

16 November, 2009 (06:46) | Daily Finance | By: Nash

  The financial panic is over: Warren Buffett Warren Buffett, perhaps the world’s most admired investor, said on Thursday the financial panic that gripped the globe last year is a thing of the past, even as the US economy’s struggles persist. “The financial panic is behind us,” the world’s second-richest person said

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