Asset management companies will now be allowed to spend $7 billion overseas, with the Reserve Bank of India relaxing norms relating to overseas investment by mutual funds. The move is in line with the central bank’s stated rule of hopeful flow of money outside the country.
The regulator also feels that the move will enable MFs [...]

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Reliance Power IPO Allotment chances are looking quite bleak. As of 10 PM today, which is the penultimate day of Reliance Power IPO Subscription, retail investor’s category in the Reliance Power IPO has already been subscribed over 9 times. The final payment in the retail class is expected to cross 15 times. If it crosses [...]

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