Finance Sector

Goldman Sachs pumps $76 million in Pratham Investments

Goldman Sachs pumps $76 million in Pratham Investments

Indiabulls Securities to go for buyback of equity shares for Rs 33

IndiabullsShares of Indiabulls Securities closed in negative zone after touching intraday high of Rs 23 on Tuesday, after the company announced to buy back shares from the open market at a price of up to Rs 33. The Company' Board of Directors has approved the idea to buy-back of equity shares worth Rs 83.18 crore under the sub-section (2) of Section 77A of the Companies Act, 1956.

Report: Morgan Stanley considering further job cuts

Morgan StanleyNew York - US investment giant Morgan Stanley is considering cutting another 5 per cent of its workforce, the Wall Street Journal reported on Friday, citing people familiar with the discussions.

The decision could come in the next two weeks, the report said. The financial firm that employees 47,000 people already eliminated 7,000 positions last year amid the crisis in the financial markets that saw Morgan Stanley lose 2.4 billion dollars in the fourth quarter.

Obama slams "shameful" Wall Street bonuses in time of crisis

ObamaWashington - On Thursday slammed Wall Street bankers for awarding themselves nearly 20 billion dollars in bonuses last year as the US economy suffers through its worst recession in decades.

Obama called it the "height of irresponsibility" and "shameful" that financial institutions would issue large bonuses and severance packages to their employees as they pleaded for taxpayer funds to keep the industry alive.

Fed keeps rates at near-zero levels

Fed keeps rates at near-zero levels Washington  - The US Federal

Mirae Asset MF launches ‘ASSET GILT FUND’

Mirae Asset MF launches ‘ASSET GILT FUND’Mirae Asset Mutual Fund, a leading asset management cum financial services Provider Company has rolled out 'Mirae Asset Gilt Fund', an open-ended Gilt scheme in the domestic market.

Through the launch, the company is offering investors the opportunity to participate in a portfolio comprising of Government Securities issued/guaranteed by Central and State Governments with varied maturity through Savings and Investment plans.

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