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HSBC ends sponsorship of key emerging market indexes

Last Updated: Friday, June 26, 2015, 20:52

Banking giant HSBC has ended its five-year sponsorship of a closely watched series of business activity surveys, financial research group Markit, which compiles the data, said Friday.

Mutual funds exposure to IT stocks surges to Rs 36,000 crore

Last Updated: Thursday, June 18, 2015, 16:18

Investments by mutual fund houses in software shares surged by 55 percent to nearly Rs 36,000 crore at the end of May on account of good return given by such stocks.

MF exposure to bank stocks climbs to Rs 79,000 crore

Last Updated: Tuesday, June 16, 2015, 15:33

Mutual Fund managers have been on a shopping spree for banking stock, raising their allocation to the sector to over Rs 79,000 crore in May in anticipation of a rate cut by the Reserve Bank.

Major funds draw up plans to leave London if Britain quits EU

Last Updated: Sunday, June 14, 2015, 08:25

Prime Minister David Cameron`s Conservatives won an unexpected majority in polls last month and are now seeking to renegotiate Britain`s relationship with the 28-member bloc ahead of a plebiscite.

Mutual funds' exposure to IT stocks hits 4-month low in April

Last Updated: Thursday, June 4, 2015, 19:27

Investments by mutual fund houses in software shares hit a four-month low of around Rs 34,000 crore at the end of April.

China stocks volatile, end mixed after previous day's tumble

Last Updated: Friday, May 29, 2015, 13:35

China`s main stock market indexes ended a volatile Friday just about where they started it after the previous day`s sharp sell-off that led many to believe the red-hot bull market has paused for a correction.

Mutual Funds exposure to bank stocks climbs to Rs 75,000 cr

Last Updated: Sunday, May 24, 2015, 10:56

According to the industry experts, fund managers have raised their allocation to bank stocks expecting a rate cut by the RBI.

SBI elevates 5 CGMs as DMDs, appoints new CIO, CRO

Last Updated: Tuesday, May 5, 2015, 21:10

Country's largest lender State Bank of India has elevated five of its chief general managers (CGMs) to the post of deputy managing directors (DMDs), according to a source at the bank.

New system implemented to fill top posts in public sector banks: Govt

Last Updated: Tuesday, May 5, 2015, 16:55

Government on Tuesday said the process to select Chairmen and Managing Directors in public sector banks (PSBs) was taking time because a different but open system has been adopted to fill the posts.

EPFO retains 4 fund managers; also appoints UTI AMC

Last Updated: Wednesday, April 15, 2015, 20:22

Retirement fund manager EPFO has retained its existing four fund managers SBI, ICICI Securities Primary Dealership, Reliance Capital and HSBC AMC for a three-year term, starting April 1, 2015.

MF investment in debt market soars to Rs 6 trillion in FY15

Last Updated: Friday, April 3, 2015, 14:12

Moreover, mutual fund houses are upbeat about overall inflows in equities and debt markets for the current financial year (2015-16) as well.

China's services sector expands in March, job growth at 10-month low

Last Updated: Friday, April 3, 2015, 08:42

China`s services sector expanded in March even as growth in employment and new businesses fell to the slowest pace in at least eight months, a private survey showed on Friday.