DQE signs Book licensing agreement with Riethmuller

DQ Entertainment (International) Ltd has signed a licensing agreement with C Riethmuller GmbH, Germany for distribution of branded party products in Germany, Austria and Switzerland. No financial details were provided.

Under the agreement, Riethmuller will manufacture and distribute branded party goods like paper plates, paper cups, napkins, table covers, party chains, party hats, balloons, drinking straws, candles, party bags and banners, decorating garlands and lanterns, etc based on 'The Jungle Book' characters.

Riethmuller will manufacture these products in Germany, Austria and Switzerland for two years. The deal was concluded through DQE's merchandising agents in Germany, ZDF.

Riethmuller is one of Europe's leading brands in the party and carnival decorations sector.  

On Monday, DQE ended 2% up at Rs89.15 on the Bombay Stock Exchange, while the benchmark Sensex gained 0.76% to 19,151.28 points.

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RBI may hike key rates by up to 50 basis points tomorrow: Bankers

New Delhi: Faced with high food inflation, the Reserve Bank of India (RBI) is likely to raise key interest rates by 25-50 basis points at its quarterly monetary policy review tomorrow, reports PTI.

Although the RBI will have to draw a balance between the competing requirements of containing inflation and promoting growth, bankers expect that the central bank will tighten monetary supply a bit.

"Conventional wisdom says that there should be at least a 25 basis points hike in interest rates," according to State Bank of India chairman OP Bhatt.

Despite moderating for two weeks, food inflation was still high at 15.52% for the week ended 8th January on account of rising prices of essential food items like vegetables, particularly onions and tomatoes, besides fruits, milk and eggs.

Last week, RBI governor D Subbarao had expressed concern over food inflation, saying, "Some of the vegetable prices are still high."

Though analysts are not sure whether any further tightening of interest rates can check the price rise, the central bank seems to have no other option.

The RBI could also take steps to ease the liquidity crunch in the system, according to analysts.

It is to be noted that the RBI chose not to tinker with policy rates at its mid-quarter review on 14th December, as food inflation had fallen from double-digit levels to a single digit. However, food inflation subsequently shot up.

The stubbornly high food inflation rate may prompt the RBI to now tighten money supply by raising both short-term lending (repo) and borrowing (reverse repo) rates.

Endorsing the widespread view, HDFC chairman Deepak Parekh said the RBI is expected to raise key short-term rates by 25-50 basis points.

"The RBI may be looking at an increase (of short-term rates) of 25-50 basis points... But I personally feel that interest rates are already high and it will impact the growth of retail loans and housing," Mr Parekh said.

Mr Subbarao had said the country was facing surging inflation and the monetary policy needs to be calibrated to manage it, as well as support growth.

In 2010, the RBI raised the repo and reverse repo rates six times to 6.25% and 5.25%, respectively, to normalise the monetary policy, which was loosened to combat a slowdown in economic growth in the wake of the global financial meltdown in late 2008.

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Personal finance Monday

L&T Mutual Fund introduces 15 months scheme; Deutsche MF floats 91 days scheme; Principal MF launches Fixed Maturity Plan-367 Days; Reliance MF launches Fixed Horizon Fund-XVII-Series 13; Religare MF introduces 368 days plan; L&T Mutual Fund unveils 90 days plan

L&T Mutual Fund introduces 15 months scheme

L&T Mutual Fund has launched L&T FMP-II (January15M 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 debt/fixed income securities maturing on or before the maturity of the scheme.
The minimum investment amount is Rs5,000. Tenor of the scheme is 15 months.
CRISIL Short Term Bond Fund Index is the benchmark index. Bekxy Kuriakose is the fund manager.

Deutsche MF floats 91 days scheme

Deutsche Mutual Fund has launched DWS Fixed Term Fund-Series 79 (DFTF-79), a close-ended income scheme.
The objective of the Fund is to generate income by investing in debt and money market instruments maturing on or before the date of the maturity of the scheme.
The new issue opens on 24th January and closes on 31st January. The minimum investment amount is Rs5,000. The tenor of the scheme is 91 days.
CRISIL Liquid Fund Index is the benchmark index. Kumaresh Ramkrishnan is the fund manager for the scheme.

Principal MF launches Fixed Maturity Plan-367 Days

Principal Mutual Fund has launched Principal Pnb Fixed Maturity Plan-367 Days- Series III, a close-ended income scheme.
The investment objective of the scheme is to build an income oriented portfolio and generate returns through investment in debt/money market instruments and government securities.
The new issue opens on 24th January and closes on 7th February. The minimum investment amount is Rs5,000.
CRISIL Short Term Bond Fund Index is the benchmark index. The scheme will be managed by Shobit Gupta.

Reliance MF launches Fixed Horizon Fund-XVII-Series 13

Reliance Mutual Fund has launched Reliance Fixed Horizon Fund-XVII-Series 13, a close-ended income scheme.
The primary investment objective of the scheme is to seek to generate regular returns and growth of capital by investing in a diversified portfolio of central and state government securities and other fixed income/debt securities normally maturing in line with the time profile of the scheme with the objective of limiting interest rate volatility. The tenor of the scheme is 24 months.
The new issue closes on 4th February. The minimum investment amount is Rs5,000.
CRISIL Short Term Bond Fund Index is the benchmark index. Amit Tripathi is the fund manager.

Religare MF introduces 368 days plan

Religare Mutual Fund has launched Religare Fixed Maturity Plan-Series V-Plan A to F-Plan A (368 Days), 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 24th January and closes on 27th January. The minimum investment amount is Rs5,000. Tenor of the plan is 368 days.
CRISIL Short-Term Bond Fund Index is the benchmark index. Nitish Sikand is the fund manger for the scheme.

L&T Mutual Fund unveils 90 days plan

L&T Mutual Fund has launched L&T FMP-II (January90D 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 debt/fixed income securities maturing on or before the maturity of the scheme.
The new issue opens on 24th January and closes on 27th January. The minimum investment amount is Rs5,000.
CRISIL Liquid Fund Index is the benchmark index. Bekxy Kuriakose is the fund manager.

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