L&T Finance to enter mutual fund business

Buoyed by 'extremely good response' for its debenture issue, L&T Finance on Wednesday said it is open to enter into the mutual fund business through both organic and inorganic routes. "Mutual fund......

DBS to pay Rs 228 cr for 37.5% in Chola Inv

Singapore-based DBS Bank will invest Rs 228 crore to take 37.5 per cent in the Murugappa Group-controlled Cholamandalam Investment and Finance Company.The deal will also see the Murugappa group......

MFs scale back IT exposure on Re fears

Mutual funds have trimmed their exposure to information technology stocks by as much as 12 per cent in 2007 as a result of concerns over the appreciating rupee even as they bought more capital......

You may soon get to buy foreign MFs

The domestic mutual funds such as Reliance Mutual Fund and Tata Asset Management Company are in advanced talks with global fund houses and investment advisors, in an attempt to offer global......