MF Investment: Lose Over 7 lakh folios in 6 months

The last 6 months were particularly tough for the mutual fund industry as indicated by the number of folio closures witnessed in the period. Mutual funds (MFs) lost aove 7 lakh folios (1.5%) during the 6 months ended March 2012 to end with 4.64 crore folios, according to ind…

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Chairman Post Vacant in 25 Central PSEs

As many as 25 central public sector enterprises, including  National Fertilisers, NEPA, RITES and MMTC  have vacant posts of chief executives, at present. Minister of Heavy Industries and Public Enterprises Praful Patel said , "As per available information, currently Ch…

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Jenisan Land Promoters : Between Tirunelveli & Tuticorin Plot - EMI Rs. 950

Tirunelveli based Jenisan Land Promoters launched new project namely Porunai Nagar. The Thamira Bharani ( தாமிர பரணி ) River is called as  Porunai ( பொருநை ). Being started from Pothigai hills it is a Parennial river for the people of Tirunelveli &  Tuticorin Districts in Tam…

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MARG Swarnabhoomi Cityscapes: 2,400 Sq. ft Plot Rs.9.99 Lakhs

Chennai based MARG Swarnabhoomi has launched yet another project, ‘Swarnabhoomi cityscapes.' Swarnabhoomi Cityscapes comprises 3 projects called “Bay view”, “Lake View Garden” & “Royal Orchard” near MARG Swarnabhoomi, located on ECR near Chennai. “Bay View” villa plo…

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Casa Grande : Independent villas Near Sriperumbudur

Chennai based property developer Casa Grande recenlty launched its luxury villas, Casa Grande Futura, located nearly half Km from Sriperumbudur Junction on the state highway. Casa Grande Futura encompasses 229 elegant semi-independent and independent villas along with row ho…

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RBI Holding 558 Ton Gold Reserves : Worth $ 2,702 Crore

The Reserve Bank of India (RBI ) is holding gold reserves of 557.75 tonne valued at USD 2,702 crore  Parliament was informed. Minister of State for Finance Namo Narain Meena said, "As on April 20, 2012, the value of gold reserve was USD 2,702, which accounts for 9.2% o…

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Bank of India cuts home loan rates

The state run, Bank of India (BoI)  announced reduction in its house loan rates by up to 0.75% as well as a 0.25% drop in the base rate to 10.50%. The new rates will be effective May 1, 2012 the BoI said in a statement. Accordingly, the new rates will be 10.50% for loans up…

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In Terms Of Transparency In The Real Estate : Tamil Nadu Ranked Second

The Real Estate Transparency Survey 2011-12 ranks TN (Tamil Nadu) second only behind Andhra Pradesh on various parameters while determining transparency.  The TN state is followed by Maharashtra, Gujarat, NCR - Delhi and Karnataka on the transparency index of 20 leading Ind…

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Bring again Entry Load on MF: Fin. Advisors Tell SEBI

A revival of entry load & allowing mutual fund houses to revive the practice of providing ‘indicative yields’ while floating FMPs (fixed maturity plans) were among the key demands put forth by IFA (independent financial advisor) associations in their meeting with top SE…

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Citigroup Review : Maruti Suzuki Share to Touch Rs. 1,654

Citigroup has reiterated its ‘Buy’ rating on Maruti Suzuki and set a target price of Rs.  1,654. “Given the recovery in volumes after a brutal 3Q FY 2012, we increase our FY13/ 14E volume estimates by 6/5% respectively. Our upward revision of FY13/14E earnings by 16% /  8% …

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