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Taxtortion Is Here To Stay!

If you think that revenue officials are going berserk, acting on their own, while the government chants the mantra of 'ease of doing business', you would be wrong.These moves appear to have full......

'Shocking That PM Gave Investing Advice'

'Somebody was using somebody to make statements that will stir the stock market and lead to a surge.''A sudden surge and a sudden crash is always an ideal situation for people to make illicit gains......

Nomura to buy 35% in LIC Mutual Fund

Japan's Nomura Group is set to acquire 35 per cent in LIC Mutual Fund, India's seventh largest mutual fund, after the board of directors of Life Insurance Corporation approved a proposal to induct......

Mutual Funds' assets cross Rs 6 trillion

The mutual fund industry crossed a record Rs 6 lakh crore- (Rs 6 trillion-) mark in assets in May, with the country's largest fund house, Reliance MF, alone accounting for over Rs 1 lakh crore (Rs......

LIC likely to exit mutual fund JV with Nomura

The company seeks finance ministry’s nod; could also cut stake in housing finance business As part of its new strategy on non-core businesses, Life insurance Corporation is considering......

Maruti's Gujarat plan: Mutual Fund cos head to Sebi, LIC

Seven leading mutual funds have sought a meeting with the Securities and Exchanges Board of India and Life Insurance Corporation of India to explain their concern over Suzuki's decision to set up a......

Mutual fund assets soar 63 per cent

The mutual fund industry saw an average growth of 63 per cent in assets under management in 2006, doubling the average growth rate of 30 per cent recorded in the previous year. In fact, some funds......

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