Birla Sun Life Mutual Fund launches Fixed Term Plan-Series CP

Birla Sun Life Mutual Fund new issue closes on 17th February

Birla Sun Life Mutual Fund has launched Birla Sun Life Fixed Term Plan-Series CP, a close-ended income scheme.

The scheme seeks to generate income by investing in fixed income securities maturing on or before the duration of the scheme.

The new issue opens on 8th February and closes on 17th February. The minimum investment amount is Rs5,000.

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j balaji

6 years ago

very useful site.

Doha Bank looks at collaboration with Wipro

Wipro will provide software solutions to Doha Bank improve its e-commerce and small and medium enterprises (SME) systems

Qatar's Doha Bank has said it is keen to engage Indian IT major Wipro to provide software solutions to improve its e-commerce and small and medium enterprises (SME) systems, among others.

A statement from the bank, following a meeting of its senior officials with Wipro chairman Azim Premji, said both sides will focus on a stronger alignment that leverages Wipro's global and regional expertise.

Wipro is the third largest IT company in India and Azim Premji, according to Forbes, is currently the third richest Indian, with a personal wealth of $17 billion in 2010.

Premji, who was named for the Padma Vibhushan this year, holds a 74% stake in Wipro.

Presenting the strategic information technology needs of the bank to Premji, and his regional team, Doha Bank CEO R Seetharaman said, "The bank expects value addition from Wipro on its e-commerce gateway."

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FM asks exporters to gear up for harsh budget

Overseas shipments have already touched $164.7 billion during April-December 2010-11 and according to commerce ministry's assessment they may well touch $215-$220 billion

New Delhi: Ahead of the budget, finance minister Pranab Mukherjee today said exporters will have to "fight" their own battle and stop expecting fiscal incentives from the government, reports PTI.

"Government only can play its part. Ultimately, exporters will have to compete and fight their own battle in the overseas markets," Mr Mukherjee said here adding "they have to stop looking towards the government for sops".

Unveiling a report that listed measures for cutting export transaction costs, the finance minister said the country's exporters must innovate and become more productive.

The government will present the Union budget on 28th February.

However, the finance minister expressed optimism that India would be able to achieve the $200 billion export target this fiscal.

Overseas shipments have already touched $164.7 billion during April-December 2010-11 and according to commerce ministry's assessment they may well touch $215-$220 billion.

Referring to high transaction cost for exports, estimated at 7%-10% of the cargo value, Mr Mukherjee said the government was committed to help reduce the same.

With exports entering negative zone in October 2008 due to the economic slowdown, the government had given several fiscal sops such as 2% interest subsidy and incentives for exporting products to select markets.

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