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'Investors' risk appetite is gradually returning'
The mutual fund industry has come for some serious criticism in the recent past. The reason: It has completely missed the stock market rally that started from early March and has given returns of over 70 per cent to investors. Madhusudan Kela, head (equities), Reliance Mutual Fund, which has the highest average assets under management and investor base, speaks to Palak Shah and explains why fund houses are being judged unfairly. Excerpts:

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Bajaj Hindusthan raises Rs 723 cr via share sale
The country"s largest private sugar producer, Bajaj Hindusthan, today said it has raised Rs 723.18 crore through the issue of shares.

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Sun Pharma's US arm facing more trouble
More law firms slap class action suits against Caraco.
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Dabur pares gain, ends flat

The stock ended flat at Rs 127 with trades of over 50,700 shares on the BSE today. _______________________________________________ UCO Bank seeks shareholders" nod for fund raising Negative view on state-run oil cos: Fitch Jan cement sales in high double-digit The stock opened at Rs 129, touched a low of Rs 127. The scrip is now trading at Rs 128.50. up 1.5% from the previous close. The counter has clocked volume of 5,465 shares on the BSE. The company also aims to increase contribution from international markets from 20% to 25% in its over all business in the next two-three years. The company has a sizeable presence in the Middle East and North Africa.


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