DSP BlackRock Mutual Fund new issue closes on 14th February
DSP BlackRock Mutual Fund has launched DSP BlackRock FMP-12M-Series 14, a close-ended income scheme.
The primary investment objective of the schemes is to seek capital appreciation by investing in debt and money market securities. The schemes will invest only in such securities which mature on or before the date of maturity of the schemes. The schemes may also use fixed income derivatives for hedging and portfolio balancing.
The new issue opens on 8th February and closes on 14th February. The minimum investment amount is Rs10,000.
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.
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."