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Markets in positive territory
After having opened marginally in the red, the markets have rebounded in line with their Asian counterparts. Asia is largely trading in the green after the Federal Reserve raised the US growth forecasts for 2010. The US markets also ended off their lows, albeit marginally weak, after the Fed raised the GDP forecast.

Aditya Birla Capital Advisers raises Rs 675 cr
Aditya Birla Capital Advisers, the private equity arm of Aditya Birla Financial Services Group, today announced closure of its first fund with the investment commitment of about Rs 675 crore.

News of the day

Credit offtake remains subdued at 11% in 2009
Credit offtake remained subdued at 11 per cent during the one-year period ending December 18, indicating the economic activity is yet to fully pick up momentum.
Small Business

Fannie Mae, Freddie Mac may help mortgage banks

Mortgage entities Fannie Mae and Freddie Mac are planning to introduce a programme aimed at helping independent mortgage banks to make home loans, says a media report. Both Fannie Mae and Freddie Mac received billions of dollars from the Federal government to fight the ravaging financial turmoil.


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