Alibaba.com Partners with FIEO to Educate Indian SMEs about Global Trade Opportunities

At the workshop, Alibaba.com will illustrate how the Internet can be a cost-effective business tool in identifying potential trading partners across the world.

Alibaba.com, the world's leading small business e-commerce company, has joined hands with Federation of Indian Exporters Organisation (FIEO) to assist Indian small and medium businesses in improving global trade prospects. Alibaba.com will participate in a workshop on “Trade Risk Management and Sourcing Buyers through the Internet” organised by FIEO, in Chennai, in an effort to drive greater exports from the region.

The workshop, expected to be attended by registered members of FIEO, aims to educate exporters, especially small and medium enterprises, about how to grow their businesses globally by reducing funding cost, better managing country and customer risks. At the workshop, Alibaba.com will illustrate how the Internet can be a cost-effective business tool in identifying potential trading partners across the world. Alibaba.com, which has over 2.4 million Indian small businesses as registered members, believes that SMEs in the state of Tamil Nadu have a great potential to attract global buyers in various industries including machinery, agriculture, food and beverage, health and medical, minerals and metallurgy.

Speaking about the association with FIEO, Nayan Thakkar, manager, sales and customer support, Alibaba.com India said, “The Indian SME sector is a robust segment, growing at a rapid pace, providing numerous employment opportunities and contributing greatly to the Indian economy. As a leading global e-commerce platform, which connects buyers and suppliers world over, we have seen an increasing number of buyers in overseas markets who are turning to Indian suppliers to meet their sourcing requirements. We are happy to work alongside organisations like FIEO, who share our vision of taking Indian suppliers to the world, in helping small and medium enterprises in the country emerge as globally competitive organisations.”

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BSE, NSE to set up grievance redressal facilities in 4 cities

"NSE and BSE shall have adequate infrastructure and manpower, as considered appropriate, at these new centres to handle investor grievance redressal mechanism and arbitration facility effectively," the regulator Sebi said.

As part of the Sebi-led effort to facilitate investors to file grievances and arbitration cases close to the place of origin, leading bourses NSE and BSE will set up redressal facilities in four cities - Ahmedabad, Hyderabad, Kanpur and Indore - by September end.

In a circular, the Securities and Exchange Board of India (Sebi) said that it has initiated steps for setting up such facilities by stock exchanges at more centres after examining the data on complaints and arbitrations filed by investors from various regions.

"In consultation with all the major stock exchanges, it has been decided that initially NSE and BSE shall set up Investor grievance redressal mechanism at Ahmedabad and Hyderabad by 31 March 2012 and at Kanpur and Indore by 30 September 2012," it said.

Besides, NSE and BSE are to provide arbitration facility, which will have provision for arbitration as well as appellate arbitration, at the four new centres by 30 September 2012.

"NSE and BSE shall have adequate infrastructure and manpower, as considered appropriate, at these new centres to handle investor grievance redressal mechanism and arbitration facility effectively," the regulator said.

The latest decision comes a month after Sebi directed the stock exchanges to constitute special committees for redressal of investor grievances, a move intended to facilitate early resolution of complaints.

Sebi had then said that the Investor Grievance Redressal Committees (IGRC) shall comprise independent persons with law, finance, accounts, economics, management or administration qualifications and experience in financial services.

"In light of the concerns expressed by investors and to facilitate early redressal of investor grievances, it has been decided to mandate that stock exchanges having nationwide terminals, functional stock exchanges having trading volumes... shall constitute IGRC at every investor service centre," it had said.

Sebi had directed that apart from the investor services centres that are currently operating in the four metros (New Delhi, Mumbai, Chennai and Kolkata), stock exchanges having nationwide terminals shall open investor services centres in other large cities in a time-bound manner.

Sebi had in 1997 mandated all stock exchanges to open at least one investor service centre for the benefit of the public and investors.

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DSP BlackRock Mutual Fund launches DSP BlackRock Dual Advantage Fund

DSP BlackRock Dual Advantage Fund- Series 1-36M new fund offer closes 29th February

DSP BlackRock Mutual Fund launches DSP BlackRock Dual Advantage Fund-Series 1-36M, a close-ended income scheme.

The primary investment objective of the scheme is to generate returns and seek capital appreciation by investing in a portfolio of debt and money market securities. The scheme also seeks to invest a portion of the portfolio in equity and equity related securities to achieve capital appreciation. The tenure of the scheme is 36 months.

The new fund offer closes on 29 February 2012. The minimum investment amount is Rs5000.

Crisil Blended MIP Index is the benchmark index. Dhawal Dalal and Apoorva Shah are the fund managers.

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