BNP Paribas Mutual Fund unveils Fixed Term Fund-Series 21 A

BNP Paribas Mutual Fund’s new issue closes on 17th February

BNP Paribas Mutual Fund has launched 'BNP Paribas Fixed Term Fund-Series 21 A', a close-ended income scheme.

The investment objective of the scheme would be to achieve growth of capital through investments made in a basket of fixed income securities maturing on or before the maturity of the scheme.

The new issue opens on 14th February and closes on 17th February. The minimum investment amount is Rs5,000.

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Birla Sun Life Mutual Fund floats Fixed Term Plan-Series CQ

Birla Sun Life Mutual Fund’s new issue closes on 23rd February

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

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

The new issue opens on 14th February and closes on 23rd February. The minimum investment amount is Rs5,000.

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Reliance Power Q3 consolidated net up 7% to Rs143.61 cr

On a stand-alone basis, Reliance Power's net profit for the reporting quarter was Rs34.89 crore, down by 43% from the Rs61.13 crore in the corresponding quarter of the preceding year

Reliance Power, part of the Anil Dhirubhai Ambani Group (AGAG), today reported a 7% rise in its consolidated net profit to Rs143.61 crore for the quarter ended 31 December 2010 from the Rs133.65 crore in the previous corresponding quarter. Total revenue, on a consolidated basis, surged by 98% to Rs355.13 crore from Rs179.16 core in the same period a year ago.

On a stand-alone basis, the company's net profit for the reporting quarter was Rs34.89 crore, down by 43% from the Rs61.13 crore in the corresponding quarter of the preceding year. Total revenue rose to Rs101.11 crore from Rs89 crore in the year-ago quarter, reflecting an increase of 14%.

The company's shares were trading at Rs117.75 apiece in noon trade, up 2.53% from its previous close.

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