GE forms digital unit, says energy management head to retire

Last Updated: Tuesday, September 15, 2015, 08:50

GE, which under Chief Executive Jeff Immelt has made a big bet on marrying software and analytics with its industrial products, will bring all of the digital capabilities from across the company into one organisation, it said.

Mutual Fund industry AUM slips 5% to Rs 12.55L crore in Aug

Last Updated: Monday, September 7, 2015, 18:04

The mutual fund industry witnessed a drop of nearly 5 percent in assets under management (AUM) to Rs 12.55 lakh crore in August, mainly on account of fall in inflow into such schemes.

UTI Mutual Fund looking to cross Rs 1.1 trillion mark by fiscal-end

Last Updated: Thursday, September 3, 2015, 21:30

After having joined the Rs 1 trillion club of fund houses, the Unit Trust of India Mutual Fund (UTI MF) is now looking to cross the mark of Rs 1.1 trillion by the fiscal-end.

Greece raises 1.4 bn euros in six-month treasury bill sale

Last Updated: Wednesday, September 2, 2015, 18:49

Greece raised Wednesday 1.137 billion euros ($1.280 billion) in an auction of six-month treasury bills at the same 2.97 percent interest rate it last sold them at last month, the Greek Public Debt Management Agency said.

Brookfield buys nine projects from Gammon Infra for Rs 6,750 crore

Last Updated: Saturday, August 29, 2015, 10:41

Gammon Infrastructure has sold stake in 9 projects valued at Rs 6,750 crore to Brookfield and Core Infra India Fund, a deal that will fetch Rs 563 crore as well as reduce its debt by Rs 1,718 crore.

Piramal Fund Management exits luxury projects for Rs 500 crore

Last Updated: Wednesday, August 19, 2015, 15:48

Private equity firm Piramal Fund Management on Wednesday said it has exited its investment in a luxury residential project of realty player Omkar in Mumbai for almost Rs 500 crore.

Consensus between govt, RBI on monetary policy panel: FinMin

Last Updated: Tuesday, August 18, 2015, 17:58

The government and the Reserve Bank have reached a consensus on the structure for the proposed Monetary Policy Committee and Public Debt Management Agency, said Finance Secretary Rajiv Mehrishi.

Asset firm launches $250 mn fund for investments in India

Last Updated: Monday, August 17, 2015, 15:44

An Indian asset management firm has launched a USD 250 million realty fund for Gulf investors to develop mid-income residential properties in India.

Bill to set up monetary policy committee likely in next Parl session: Mehrishi

Last Updated: Thursday, August 13, 2015, 16:26

Government may push amendments to the RBI Act in the Winter Session of Parliament for setting up a public debt management agency and a monetary policy committee (MPC) that will decide on the key interest rate.

UTI MF crosses Rs 1-trillion mark; eyes leadership slots

Last Updated: Sunday, August 2, 2015, 16:54

UTI Mutual Fund, the country's oldest fund house, has attained an asset base of over Rs one lakh crore with about one crore investor accounts and is now targetting leadership positions across various segments.

EPFO to hit stock market through ETF route on August 6

Last Updated: Friday, July 31, 2015, 13:33

Retirement fund body EPFO will kickstart the process of investing in the stock market on August 6 with an initial corpus of around Rs 5,000 crore to be invested through ETFs in the current fiscal.