Indian Mutual Funds News 14 March 2008

Sensex down 770; dollar dive against yen impacts markets
Hindu Business Line - Chennai,India
There was a marked lack of domestic buying support, with both mutual funds and insurance companies not participating in any substantial way, said marketmen. ...

SBI MF to launch Real Estate Equity Fund
Business Standard - Mumbai,Maharashtra,India
PTI / Mumbai March 14, 2008 The SBI Mutual Fund on Thursday filed the offer document with the Securities and Exchange Board of India (Sebi) for launching a ...

Rupee recovers from intra-day low, closes a tad higher
Business Standard - Mumbai,Maharashtra,India
Mutual funds were the buyers, mostly in three year and five year maturity papers for earning interest rate differential. These papers included Indian ...

MIPIM 2008: Strutts teams up with Old Mutual for $1bn Indian fund
Property Week News - London,England,UK
Strutt & Parker has teamed up with a major insurance firm to launch a $1bn (£498m) fund investing in Indian retail property. By Jennifer Rigby Strutt's ...

Indian fund management biz to grow 33%: study
India Infoline.com - Mumbay,India
Mutual funds and portfolio management services (PMS) will be the key drivers, the report titled 'Indian Asset Management: Achieving Broad-based Growth' ...

BlackRock Re-Opens International Opportunities Fund to New Investors
Business Wire (press release) - San Francisco,CA,USA
The team is responsible for managing a suite of equity mutual funds that also includes the BlackRock Global Opportunities Fund, BlackRock US Opportunities ...

UPDATE 1-Morgan says reviewing US retail funds strategy
Reuters - USA
Earlier on Wednesday, Miller was also named by Morgan's mutual fund subsidiary Van Kampen Investments as president and chief executive to succeed Kiley. ...

ABN AMRO MF plans Infrastructure Fund
Myiris.com - Mumbai,Maharashtra,India
ABN AMRO Mutual Fund plans to launch ABN AMRO Infrastructure Fund, an open ended equity scheme and has filed an offer document with the market regulator ...

Indian Investments News 14 March 2008

Samsung Telecom eyes 15% in Indian market
Business Standard - Mumbai,Maharashtra,India
The company will make required investments in building the brand, expanding channels and rolling out new models," said Sunil Dutt, country head (mobile ...

A better system of controls needed
Economic Times - Gurgaon,Haryana,India
India's increasing integration with global markets — through trade, global sourcing of inputs, overseas investments by corporates, foreign borrowing and ...

Indian SMEs upbeat about growth: HSBC
Financial Express - Bombay,India
Only 2% plan to decrease investments compared with those in 2007, the survey says. On the recruitment side, 57% of respondents say staff levels will be ...

South Australia PM seeks Indian investments in mining
Financial Express - Bombay,India
... the visiting Premier of South Australia province, Mike Rann urged for boosting trade ties and invited Indian investment in exploration of uranium, gold, ...

Precious Gold 101: As Reliable as Ever
Resource Investor - Herndon,VA,USA
East Asia, the Indian sub-continent and the Middle East accounted for 70% of world demand in 2005. 53% of demand is attributable to just five countries ...

Origo Sino-India says GLG Fund to invest 17.1 mln stg in co UPDATE
CNNMoney.com - USA
ORP said its investment in India's Fomento, which will be made using its existing cash resources, will give it exposure to the strong market for iron ore. ...

Origo Sino-India says GLG Fund to invest 17.1 mln stg; performed ...
CNNMoney.com - USA
13, 2008 (Thomson Financial delivered by Newstex) -- Investment company Origo Sino-India PLC said GLG Funds has invested 17.1 mln stg in the company through ...

Local pharma CRAMS it
Sify - Chennai,Tamil Nadu,India
... further investments and exploring new opportunities with CRAMS are the need of the hour, she added. Ultimately, it is the speed of innovation of Indian ...

Why the IPL is good for cricket
CricInfo.com - UK
Had the man not unleashed the Indian Premier League, newspapers and websites would not be full of otherwise sensible commentators telling us that the world ...

Indian Markets News 14 March 2008

Indian markets crash harder
Times of India - India
This adage seems befitting for Indian stock markets looking at the tumultuous meltdown witnessed after touching meteoric highs in the past two months. ...

`Market volatility may last a year`
Business Standard - Mumbai,Maharashtra,India
Is volatility here to stay, as far as the Indian markets are concerned? Chaturvedi: The volatility in Indian markets will take another 12 months to ease out ...

Bears drag markets to six-month lows
Financial Express - Bombay,India
Though the US Fed meet is scheduled next week and we are expecting a 50-75-basis point cut, but unless fresh money starts flowing in, Indian Markets will ...

'We may bring the new Audi A4 by year-end'
Hindu Business Line - Chennai,India
I got a good feeling about the possible expectations of the Indian market in the premium segment. We know that the premium segment in India is still a small ...

Indian telecom firms to venture into West Asian market
Economic Times - Gurgaon,Haryana,India
NEW DELHI: Indian telcos such as Bharti Airtel, Reliance Communications and state-owned MTNL, who had lost their bids for telecom licences across different ...

India gold at new highs, global market touches $1000
Reuters India - Mumbai,India
MUMBAI (Reuters) - Indian gold struck new highs on Thursday in tandem with foreign markets that touched the psychological $1000 an ounce, attracting many ...  

Indian markets lose more than 4 per cent on panic selling
Earthtimes - London,UK
New Delhi - Indian markets witnessed a major downswing on Thursday with the Bombay Stock Exchange's benchmark 30-share Sensex at one point touching a ...

Indian markets open buoyant but pull back on weak industrial growth
Earthtimes - London,UK
New Delhi - The Indian share market opened on an upswing Wednesday, 2.5 per cent higher than its previous close, following global cues but later lost more ...

Terrible day for financial markets globally
Moneycontrol.com - Mumbai,India
The only saving grace is that volumes are not very big today but overall it's been a rough session not just for the Indian markets but for global financial ...

Bearish trends to continue in India stock exchange
Thaindian.com - Bangkok,Bangkok,Thailand
Global markets with no positive news finds itself in downtrend which is likely to remain for another eighteen months.Indian stock market which has ballooned ...

India insurance News 14 March 2008

Medical insurance still a hurdle for senior citizens
Times of India - India
Senior citizens continue to feel short-changed in their medical insurance dealings. The Insurance Regulatory and Development Authority of India (IRDA) had ...
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Insurance units eye new channels
Business Standard - Mumbai,Maharashtra,India
According to an analysis of India's bancassurance sector by Watson Wyatt Worldwide, leading global insurance consulting firm, bancassurance is likely to ...
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A New PIN on India's ETF Map
Motley Fool - USA
For example, foreigners can hold only a 26% ownership interest in insurance companies. The limit is 49% for passenger airlines. Factoring such quirks into ...
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Sun Life Adds Bulk in India: Report
National Post - Toronto,Ontario,Canada
Sun Life Financial and its Indian joint venture partner are spending billions of rupees to add bulk to their local insurance operations, according to ...
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Max New York Life Insurance To Expand Rural Operations In Himachal
myHimachal - Sirmour,Himachal Pradesh,India
by Ravinder Makhaik Shimla: Having consolidated its presence in rural Punjab, Max New York Life Insurance intends to expand it operations in North India. ...
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Birla Sun Life widens capital base
Sify - Chennai,Tamil Nadu,India
Our key focus areas are distribution, pan-India reach and upgradation of technology platforms," Vikram Mehmi, President & CEO, Birla Sun Life Insurance, ...
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