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Fund houses gear up to make the most of interest rate futures
A week after the National Stock Exchange (NSE) launched interest rate futures (IRF) on August 31, the domestic mutual fund industry is all set to make the most of this new instrument. The industry is planning to either come up with new schemes, or use IRF in their existing schemes.

Loans against rent receivables is commercial realty exposure: RBI
Reserve Bank of India today said bank loans whose repayment is done from future rental generated from properties like shopping malls and office premises will be treated as commercial real estate exposure (CRE).

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M J Antony: Mass disasters unlimited
M J Antony / New Delhi November 11, 2009, 0:22 IST
Small Business

BEML Q3 net dips 21% to Rs 46 cr

Public Sector engineering major BEML today reported a decline of 20.61 per cent in net profit at Rs 46.6 crore for the third quarter ended December 31, 2009, over the same period last year. - Microsoft net up 60% to $6.66 bn on Windows 7 demand - GMR Infra Q3 PAT plunges 85% to Rs 9 cr - Marico net up on strong volumes - Britannia net down 37% - Britannia Q3 PAT declines 37% to Rs 29 cr - Simbhaoli Sugars back in black with Rs 44 cr Q3 net However, total income rose to Rs 709 crore for the quarter ended December 31, from Rs 680 crore in the same period previous fiscal, BEML said in a filing to the Bombay Stock Exchange. Shares of BEML were trading at Rs 1,065 on the BSE, up 2.26 per cent from previous close.


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