CORE Projects has won an ICT project from the Haryana government worth around Rs295 crore
Education company, CORE Projects and Technologies Ltd, said it has won an ICT project worth around Rs295 crore from the Haryana government.
This is one of the biggest ICT (information and communication technology) projects and is aimed at benefiting five million students in 2,622 schools, of which five schools will be developed as 'smart' schools, a press release said.
The ICT project, valued at about Rs295-crore, is a part of the government programme aimed at strengthening school education across the country, it added.
This project is expected to augment the focus of the government to improve the quality of education in schools by ushering in enhanced use of technology, the release said.
The project envisages the use of computers and bio-metric devices to enhance delivery of quality education in schools and to monitor student and teacher performances.
On Friday, CORE Projects ended 0.06% down at Rs316.35 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.84% to 18,174.09.
TVS Motor Company will re-enter the Indian electric scooter market with some existing and new models in the next fiscal
Chennai-based two-wheeler maker TVS Motor Company Ltd said it will re-enter the Indian electric scooter market with some existing and new models in the next fiscal.
The company is currently carrying out test runs of about 50 electric scooters across various towns in the country.
"We are working on introducing electric scooters and these are being experimented for the launch. By some time next fiscal, it will come (to the market)," TVS Motor Company president (marketing) HS Goindi said.
About 50 electric scooters, comprising some of its existing and new models, are being tested across the country, he added.
"We will launch only scooters in electric mode. The products will initially run on lead acid batteries and later we may develop some other technology also," Mr Goindi said.
The company will produce these new products at its Mysore facility, he said.
On Friday, TVS Motor ended 1.97% down at Rs54.65 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.84% to 18,174.09.
Motilal Oswal’s new ETF gives the Indian investor an opportunity for exposure in some of the largest US non-financial stocks. And it costs less than most actively-managed funds
Motilal Oswal is launching Motilal Oswal MOSt Shares NASDAQ-100 ETF (MOSt Shares N100), which seeks to track the NASDAQ-100 Index. It will be India's first US equity-based exchange traded fund (ETF). MOSt Shares N100 will be listed on the National Stock Exchange and the Bombay Stock Exchange. The new fund offer will open for subscription on 16 March 2011 and remain open till 23 March 2011.
The scheme will invest in shares that constitute the NASDAQ-100 Index and it will be benchmarked against the NASDAQ-100. Index funds and ETFs usually track a particular index. Investing in an index lowers the risks and costs.
ETFs charge a maximum of 1.5%, as against 2.25% by actively-managed funds. But while actively-managed funds have higher charges, most of them are not known to have beaten their benchmarks. This is the principal reason why index funds or ETFs are a preferred option. In effect, on lower costs the returns are higher and volatility is also lower. One thing, however, to be careful about is that one should not buy ETFs that overlap.
MOSt Shares NASDAQ-100 ETF offers Indian investors genuine scope for diversification with diverse tech and biotech stocks that make up the NASDAQ-100 universe. It will give Indian investors an opportunity of exposure to such US stocks like Microsoft, Google, Amazon, Yahoo and eBay. The NASDAQ-100 Index does not have any financial company stocks. These companies also bear a lower correlation with the Indian stock markets.
But, as is the normal case, in order to get smart returns, one must buy ETFs when the prices are down. In this respect, the Nasdaq is not exactly in a depressed state now. It would also be relevant to point out that while the NASDAQ-100 has given a return of about 41% over a period of five years, the Sensex has given a return of 75% in the same period. Again, it's the timing of the investment that is important.