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Lagging behind in performance
Quant funds should be used only for portfolio diversification, and are suited for high net worth investors.

BEL Q3 net jumps nearly twofold to Rs 224 cr
State-run Bharat Electronics (BEL) today said its net profit rose nearly two-fold to Rs 223.87 crore for the third quarter ended December 31, over the same period last fiscal.

News of the day

Festive season sales push up retail targets
This festive season has been successful enough in pushing sales for companies to revise upwards their year-end targets. A survey by the Federation of Indian Chambers of Commerce and Industry (Ficci) says demand conditions have improved across sectors.
Corporate

Road map for PSU disinvestment in 3-4 weeks: Finance Sec

The Finance Ministry today said a road map for disinvestment in public sector units will be brought out in three-four weeks, but there would be no strategic sale. - Firms in non-GST states to pay higher taxes - IJMA seeks reversal of 25% dilution proposal - FM says no to monetising deficit, promises reforms - FM expresses concern over volatile FII flows - Mukherjee seeks coop of all parties to implement GST in time - Details on disinvestment soon: FM The government will retain 51 per cent stake in all public sector units, Finance Secretary Ashok Chawla said. Finance Minister Pranab Mukherjee had yesterday, in his reply to the debate on the Union Budget, said: "My ministry has initiated discussions with other ministries and departments for identifying the PSUs" for disinvestment. The government has proposed to mop up Rs 1,100 crore this fiscal from divestment of stake in PSUs.


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