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Seeking new funds
Mutual fund houses are aiming to raise money at a time when the existing equity funds are finding it tough to cope with low inflows and redemption pressure. Should you subscribe?

Mallya elected President of Aeronautical Society of India
Kingfisher Airlines chief Vijay Mallya has been elected President of the Aeronautical Society of India, replacing former Chairman of Hindustan Aeronautics Limited Ashoke Baweja.

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Kiri Dyes to raise Rs 150 cr via securities issue
Kiri Dyes and Chemicals today said it will raise up to Rs 150 crore through issue of securities in the domestic and international markets for expanding its business operations.
Small Business

Markets remain flat

The Sensex is now at 16,262, down 27 points. The NSE Nifty is at 4,853, down two points. Meanwhile the European markets have opened on a positive note. FTSE is up 37 points. _______________________________________________ The market breadth has turned negative, out of 2,793 shares traded, 1,684 have declined and 1,033 have advanced so far on the BSE. Among the sectoral indices, FMCG and consumer durables indices are down 1% each at 2,749 and 3,735, respectively.


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