L&T Construction wins orders worth Rs1,340 crore

L&T Construction has secured new for the construction of commercial & residential buildings

Larsen & Toubro arm L&T Construction has secured new orders worth Rs1,340 crore in the  building & factories segment during the second quarter of FY10-11 for the construction of commercial & residential buildings including add-on orders from ongoing projects.

L&T has secured new orders aggregating to Rs975 crore for the construction of a mixed use commercial development and construction of the main civil works for an IT campus. It has also secured an order worth Rs203 crore for the construction of a residential tower. It has also secured add-on orders worth Rs162 crore from various clients for ongoing contracts.

On Wednesday, L&T ended 2.17% down at Rs1,557.90 on the Bombay Stock Exchange, while the benchmark Sensex declined 1.29% to 16,248.98.

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IndusInd Bank launches IndusMobile–mobile banking service

IndusMobile will allow customers to bank anytime through their mobile phone

IndusInd Bank has launched an innovative mobile banking application called IndusMobile.

IndusMobile will allow the customers to bank anytime anywhere through their mobile phone. Customers can access information and transact at absolutely no cost charged by the Bank and at high level of safety. Customers will also be able to book movie tickets, pay their bills and even perform mobile to mobile funds transfer, NEFT and RBI's inter-bank mobile payment service (IMPS).

IndusInd Bank also allows its customers to initiate cardless cash withdrawal transactions through the mobile application; which means the beneficiary can withdraw cash from select IndusInd Bank ATMs without using an ATM/Debit Card.  

IndusMobile is a downloadable application which is installed on phone. Those who do not wish to download and install may use the SMS channel for using IndusMobile.

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ICICI Pru MF unveils three years fixed maturity plan

ICICI Pru MF new issue closes on 2nd September

ICICI Prudential Mutual Fund has launched ICICI Prudential Fixed Maturity Plan-Series 57-3 Year Plan A, a close-ended income scheme.

The investment objective of the scheme is to generate regular returns by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the plan. The tenure of the scheme is three years.

The new issue closes on 2nd September. The minimum investment amount is Rs5,000.

CRISIL Composite Bond Fund Index is the benchmark index. Chaitanya Pande is the fund manager.

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