Near-term loss in arbitrage schemes likely: MFs

Mumbai: Three mutual funds — Edelweiss, Kotak and IDFC — have warned investors of either near-term losses or poor returns in arbitrage schemes, with spreads turning negative and causing money-making opportunities to shrink. These funds…

SAIL narrows its FY16-17 net loss by 30…

KOLKATA: Steel Authority of India Ltd. (SAIL), managed to narrow its net loss for the financial year 2016-17 (FY17) by 30% to Rs 2,833 crore, compared to a loss of Rs 4,021 crore in FY16.…