BASF India Q3 net profit rises to Rs23.68 crore

In December 2010 quarter, BASF India’s net revenues increased to Rs688.51 crore from Rs288.19 crore in the corresponding quarter last year

Mumbai-based BASF India Ltd said its net profit for the third quarter ended 31 December 2010 stood at Rs23.68 crore from Rs11.25 crore in the corresponding quarter last year.

During the same period, the company's net revenues increased to Rs688.51 crore from Rs288.19 crore, BASF India said in a filing to the Bombay Stock Exchange (BSE).

On Thursday, BASF India ended 2.86% down at Rs498.60 on the BSE, while the benchmark Sensex declined 0.74% to 17,463.04 points.
 

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Taurus Mutual Fund introduces 91 days plan

Taurus Mutual Fund’s new issue opens on 10th February and closes on 14th February

Taurus Mutual Fund has launched Taurus Fixed Maturity Plan Series B, a close-ended income scheme. The tenor of the scheme is 91 days.

The investment objective of the scheme is to generate income with minimum volatility through investments in a portfolio of debt and money market instruments maturing on or before the maturity of the scheme.

The new issue opens on 10th February and closes on 14th February. The minimum investment amount is Rs5,000.

CRISIL Liquid Fund Index is the benchmark index. Rahul Pal and Pankaj Jain are the fund managers.

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Religare Mutual Fund unveils 13 months plan

Religare Mutual Fund’s new issue opens on 10th February and closes on 17th February

Religare Mutual Fund has launched Religare Fixed Maturity Plan-Series V-Plan A to F-Plan D (13 Months), a close-ended income scheme.

The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments normally maturing in line with the duration of the scheme.

The new issue opens on 10th February and closes on 17th February. The minimum investment amount is Rs5,000.

CRISIL Short-Term Bond Fund Index is the benchmark index. Nitish Sikand is the fund manger for the scheme.
 

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