Tuesday, December 27, 2011

[Dec 27] Top 10 Personal Finance News 2011

Goodreturns.in
Tuesday, December 27, 2011

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Editor's Pick
Top 10 Personal Finance News 2011
As we say good-bye to 2011, let us summarize the top events in the area of personal finance that affect your money directly. Here’s a look at top 10 news items (in no particular order)
Reliance stocks zoom on Ambani's get-together
In the midst of market volatility, the stocks of Ambani brothers-led companies lifted up on Tuesday on Indian bourses over the news of family reunion.
Revision in Post Office Savings Schemes
The Central Government has made some key changes to the Post office Small Savings Schemes. The revision in the Schemes and interest rates was in response to Reserve Bank of India (RBI’s) announcement on complete deregulation of savings banks deposit rates.
SBI Tax Advantage Fund-Series-II Floats
SBI Mutual Fund has launched a new fund named as SBI Tax Advantage Fund-Series-II, a 10 year close ended Equity Linked Savings Scheme. The New Fund Offer (NFO) price for the scheme is Rs. 10 per unit.
Who is an anchor investor?
The concept of anchor investors was introduced by Securities Exchange Board of India (SEBI) with the intention to improve the price discovery during Initial Public Offers (IPOs).
Indices
Dec 27, 4:10 pm
15,873.95
-96.80
[-0.61%]
4,750.50
-28.50
[-0.60%]
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Currency Exchange Rates for INR
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