Reliance Growth: Hurt by heavy cash calls

Sunil Singhania, Head of Equities at Reliance Mutual Fund says till the economy starts to decisively revive one should avoid smaller public sector banks.

The negative outlook also captures the banks' significant reliance on wholesale funds and certain downside risks to asset quality, although the rating agency recognises the meaningful progress that the banks have achieved through their adaptation plans.

Abu Dhabi Investment Authority is curbing reliance on outside fund managers and reducing holdings in developed-world shares in favour of emerging market investments. The fund counts on external investors to manage about 75% of assets, down from 80% ...

Funds in the hybrid domain were also in line with market performance and closed in red. The market session closed Sensex at 19223.28 down 102.59 points and Nifty slipped 36.45 points to 5813.60. In the Fixed Income space, all the funds except Debt ...

Religare promoters to pare stake in the company; IDFC board gives go-ahead to apply email this article Subject line: Your Email: Send me a copy: Recipients Id: Type address separated by commas Enter the characters shown in the image. Send With the ...

REUTERS - Billionaire investor Carl Icahn told Dell Inc (DELL.O) shareholders that an investment bank would help fund his offer for the PC maker as he sought to assuage concerns over his means to fund the bid. In an open letter to Dell shareholders ...

Rwanda's budget is being presented against a backdrop of a weak global economy and a prolonged crisis in the Euro zone which has affected the country's commodity export earnings, donor aid flows, migrant remittances and foreign direct investment ...

Reliance Communications jumped 10.92% to Rs 123.45 at 15:19 IST on BSE, with the stock extending two-day gain on follow-up buying. Meanwhile, the S&P BSE Sensex was down 27.66 points, or 0.14%, to 19,298.21. The Reliance Communications (RCom) stock ...

His presence in the world's biggest money centre, and contact with respected fund managers, has allowed him to keep in step with the trends and thoughts shaping global financial markets. He told me there was a saying, originally from an old Second ...