Taurus Shariah fund all set to get Sebi nod

The Securities and Exchange Board of India is likely to clear the long pending application of Taurus Parsoli Ethical Fund to launch a Shariah fund by the end of this month. A go-ahead to Taurus......

Fund managers opt for cash over stocks

Fund managers are refraining from investing in the stock market although the sensex has risen by nearly 2000 points from its February lows. Conservative industry estimates place the cash component......

Investor wealth plummets Rs 2.69 lakh cr as markets crash

From the BSE 30-share blue chip pack, 27 scrips ended with losses led by SBI and Tata Steel. Illustration: Uttam Ghosh/Rediff.com Investor wealth eroded by Rs 2.69 lakh crore on Thursday hit hard......

Zain has accepted Bharti offer for African assets

The Zain Telecom board met in Kuwait today and is said to have unanimously accepted a $10.7-11 billion (around Rs 51,000 crore) offer from Bharti Airtel to buy its African assets, according to......