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Small allocation to sector funds
I have invested Rs 1 lakh in Reliance Diversified Power Sector Fund. Its value has come down to Rs 74,000. What is the future outlook of this fund? Should I stay invested or redeem? http://smallpersonalloans.org.uk

UN climate panel to review claim on natural disasters: report
Controversy-ridden UN climate panel has said it is reassessing another of its claim for linking global warming to an increase in the number and severity of natural disasters, bringing fresh embarrassment to it.

News of the day

On the way: cable TV without any wire
In what may become a revolution in entertainment, accessing television via cable, IPTV or interactive DTH services is soon going to be via wireless, on the lines of a wi-fi internet connectivity.
Corporate

Bank of Maharashtra net up 23% y-o-y

Public sector lender Bank of Maharashtra"s net profit for the July-September quarter stood at Rs 86.68 crore, up 22.86 per cent against Rs 70.55 crore reported over the same period a year back. - LVB Q2 net soars 300% to Rs 45 cr - Lakshmi Vilas net up - Central Bank net jumps 3-fold - UBI Q2 improves markedly - Syndicate Bank net drops 32% to Rs 177 cr - ICICI Bank net up 2.5% The Pune-based bank"s revenues jumped 14.64 per cent during the second quarter this fiscal to Rs 1,302.69 crore as against Rs 1,136.38 crore posted during the same period last year, the bank said in a filing to the Bombay Stock Exchange.


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