Overseas equity funds take out $18 m
Equity funds are facing net redemptions right across the globe. Redemptions are plaguing even mature markets such as the US and Europe.
Tussle for Health delays portfolio allocation
THE teething troubles for the United Progressive Alliance (UPA) Government continue, with serious differences among coalition partners over the allocation of portfolios leading to delay in a formal announcement till late on Sunday ...
Wanted: A prescription for pharma storage
"STORE in a cool dry place away from direct sunlight" reads the label on a strip of medicine or its carton. But do chemist shops store medicines as indicated on their labels? A moot question, given that medicines tend to lose their potency if ...
Consolidation leaves many fund managers jobless
SHRINKING job opportunities and inflated salaries are giving many fund managers nightmares. The situation has worsened with growing consolidation in the industry. In two of the recent acquisitions in the industry - Principal's buy of Sun ...
CII forecasts 6.6-7 pc GDP growth
CII expected the industry to grow at 7 per cent and services at 9.2 per cent. GDP growth, is therefore, expected to be in the range of 6.6 to 7.0 per cent, with outcome likely to be at the higher end of the range, the report added.
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