GetPaidIndia.com

Markets in red at mid day - October 11, 2007

The Indian markets are in the red at mid day following some profit booking in some Reliance counters and in State Bank of India. The scripts showed a sharp cut at mid day.

Infosys announced its Quarterly number today. The company management says it is not too worried about the currency rate movements but say since it is not under their control, they’d focus on factors that are in its control. BPO attrition rates too is under control. However the Infosys numbers were not able to cheer the markets today. Infosys too corrected a bit today.

L&T announced an acquisition of Malaysia-based switch gear company. Says the acquisition will give them better leverage in other markets.

Add commentOctober 11th, 2007

ICICI Prudential Mutual Fund announces exit load in select funds

Investors who wish to opt for resumption in less than 6 months will now have to pay an exit load. Starting October 8, 2007, an exit load of 0.50% will be applicable on resumptions made in less than 6 months of investment in ICICI Prudential Infrastructure Fund, ICICI Prudential Dynamic Plan and ICICI Prudential Equity and Derivatives Fund - Wealth Optimiser Plan

Add commentOctober 11th, 2007

Dividends in Principal Mutual Fund Schemes

Principal Mutual Fund has declared dividends in two of its funds - Principal Focussed Advantage Fund and Principal Dividend Yield Fund. The dividend will be 20 per cent and 15 per cent in each of them respectively. The record date for the dividends is October 12, 2007.

Add commentOctober 11th, 2007