Today Times

Petrobras sells 64 bln dlrs of stock to fund oil exploration (AFP)

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AFP - Brazil's Petrobras unveiled one of the world's biggest share offerings Friday, a sale of up to 64 billion dollars in new stock to finance oil exploration aimed at turning Brazil into a leading oil exporter of the 21st century.

MGIC added $1.2B in mortgage coverage in August (AP)

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AP - Private mortgage insurer Mortgage Guaranty Insurance Corp. said Friday it added $1.2 billion in new primary insurance coverage in August and the number of delinquent loans it insures declined.

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Sirius XM Has a Stern Decision to Make (The Motley Fool)

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The Motley Fool - Satellite-radio star Howard Stern is negotiating in public again.

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5 Tax Moves to Make Now (U.S. News & World Report)

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U.S. News & World Report - It may seem a bit strange to be talking about income taxes in September. There are, however, good reasons to think about taxes well before April 15. For starters, there are some big changes in the tax code that go into effect in 2011. Depending on your income tax bracket and investments, some simple planning now could save you a bundle later.

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Summary Box: Mortgage rates hit low of 4.32 pct. (AP)

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AP - RECORD LOWS: Mortgage rates fell to the lowest levels in decades for the tenth time in 11 weeks, mortgage buyer Freddie Mac said Thursday. The average rate for a 30-year fixed loan was 4.32 percent. The 15-year fixed loan hit 3.83 percent.

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How to Get a Government-Backed, Zero-Down-Payment Mortgage (U.S. News & World Report)

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U.S. News & World Report - More than four years after real estate values peaked, the historic plunge in home prices remains fresh in the minds of mortgage lenders. After taking painful losses on delinquent home loans, banks have imposed tougher standards--such as increased credit scores and higher down payment requirements--on applicants of all stripes. And as investors fled for the hills, the exotic mortgage products that helped fuel the real estate boom have largely disappeared from the private market. But that doesn't mean all buyers need a big pile of cash to snag a home loan. ...

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5 Reasons You Should Buy Your Latte (U.S. News & World Report)

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U.S. News & World Report - The Latte Factor, a term coined (and trademarked) by personal finance guru David Bach, is one of the most talked about concepts in the world of personal finance. But it might be based on faulty math.

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The Next 4 Dot-Com Buyouts (The Motley Fool)

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The Motley Fool - Shares of Salary.com (Nasdaq: SLRY - News) -- a small provider of human resources applications on the cloud -- soared 43% yesterday, after agreeing to be acquired by larger rival Kenexa (Nasdaq: KNXA - News).

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Mortgage rates hit record low: Freddie Mac (Reuters)

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Reuters - U.S. mortgage rates fell in the past week to the latest in a series of record lows as yields on government debt dropped, according to a survey released on Thursday by Freddie Mac, the second-largest U.S. mortgage finance company.

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Mortgage rates hit decades-low of 4.32 percent (AP)

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AP - Mortgage rates fell to the lowest level in decades for the tenth time in 11 weeks, as investors worried about the economy.

ING IM achieves record asset growth of Rs 1000 cr in 15 months

Times Of India
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ING IM aims to manage Rs 1500 crore under Quant Strategies by end of the current financial year 2010-11 as compared to Rs 350 crore AUM at the beginning of the current financial year.

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Cholamandalam MS launches 'e-policy'

Times Of India
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Cholamandalam MS General Insurance launched an 'e-Policy' for its intermediaries, 'bancassurance' partners and customers.

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Banks may base education loans on placement track

Times Of India
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Faced with rising bad debts in their education loan portfolios that are not backed by collateral, banks are looking at the placement record of institutes to judge the repayment capacity of students seeking loans.

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Facts, not promises, will decide ULIPs' fate

Times Of India
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The potential ULIP customer should consider what really has been the story so far.

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Query Corner: Mutual Fund

Times Of India
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SIP is the right way to build a portfolio for the long term.

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PSU insurers may find it difficult to find a TPA ally

Times Of India
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Not many third party administrators can meet the public sector insurers' eligibility criteria, say prospective applicants.

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Kill EPS to resuscitate pensions, launch PF-plus-annuity plan: Panel

Times Of India
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The Centre-appointed expert group on the EPS has said the only sustainable way of fixing the scheme?s problems is to put it out of its misery and substitute it with a new provident fund-cum-annuity scheme.

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DTC Bill brings bad news for NRIs

Times Of India
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As per the existing Income Tax laws, an NRI is liable to pay tax on global income if he is in India in that year for a period or periods amounting to 182 days.

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IRDA to set up integrated grievance redressal cell

Times Of India
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IRDA will set up a centralised grievance redressal mechanism to ensure that the problems of customers in the life and non-life sectors are addressed in a time-bound manner.

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Changes proposed in revised DTC for realty

Times Of India
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ET outlines some factors related to the real estate sector in the revised DTC.

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