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Housing Finance: Interest subvention extended

 Budget ProvisionsThe following changes in the duties have been proposed in the Union Budget 2011-12:Existing scheme of interest subvention of 1 per cent on housing loans extended to housing loan......

Canbank closing in on GIC MF

 Canbank Investment Management Services, which manages Canbank Mutual Fund, is close to striking a deal to buy out the schemes of GIC Mutual Fund. The other players looking at GIC Mutual include LIC......

GIC plans to sell mutual fund arm to private playe

 Public sector reinsurance company General Insurance Corporation in a bid to focus on its core business, is likely to offload its entire stake in mutual fund subsidiary GIC Asset Management Company,......

Why Sensex ended 521 points higher today

 ICICI Bank extended yesterday gains, rising 10% in two trading sessions Benchmark share indices ended higher on Tuesday, amid firm global cues, after index heavyweights staged a recovery on short......

Story of a successful fund manager

Back in 1994, Umesh Kamath had a choice. He could either join his family business of manufacturing PVC pipes or respond to the call from the world of investments. He chose the latter and now......

Rotocross for two and four-wheelers in Mumbai

 Here's a chance for motorsports enthusiasts to parade their driving skills. On Sunday, January 29, the Rotary Club of Deonar, in association with Sportscraft, will stage a Rotary Rotocross for two......

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