MTNL launches push-mail services in pact with Bharat Berry‎

MTNL has entered an alliance with Bharat Berry Technologies to provide push email services for all its mobile subscribers in Delhi

Public sector telecom service provider MTNL has launched its push mail services in the national capital in partnering with a mobile communication service Bharat Berry.

“MTNL has entered an alliance with Bharat Berry Technologies to provide push email services for all its mobile subscribers in Delhi,” state-owned service provider said in a statement.

It will provide existing users to stay connected to their e-mails, calendar and contacts through the servers hosted in India. In addition company is providing over-the-air (OTA) synchronisation of calendar and contacts for multiple mail accounts.

Bharat Berry is a mobile communication service that works with most of the mobile phones and provides more advanced push mail with over the air backup of your contact, task, calendar and notes along with sync to your outlook.

For enabling access to all services including e-mails and Personal Information Manager (PIM) sync users will be charged Rs80 per month for the combo pack, while the individual services will be available for Rs50 each per month.

“All necessary steps have been taken for ensuring customer privacy and security,” Bharat Berry Director Ajay Data said.

The service will be available for both the pre-paid and post-paid Dolphin subscribers. The subscriber must have GPRS data plan enabled on its device before subscribing this service.

“This partnership will provide its customers with an easy to use, cost effective solution for their mobile push e-mail requirements. While the service is available for 2G also, user experience on 3G will make the service more pleasurable,” MTNL ED WS AK Bhargava said.

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Kotak Mahindra Bank raises lending rate by 50 bps‎

Kotak Mahindra Bank base rate has been increased from 8.75% to 9.25% with effect from 10th May

Kotak Mahindra Bank has raised its base rate or minimum lending rate and fixed deposit rates by up to 50 basis points in response to policy rate hike by Reserve Bank of India.

The base rate has been increased by 50 basis points from 8.75% to 9.25% with effect from 10th May, Kotak Mahindra Bank said in a statement.

The Bank has also hiked its benchmark prime lending rate (BPLR) upwards by 50 basis points making loans expensive for the existing borrowers.

Besides, the bank has increased its deposit rates across tenor buckets by up to 50 basis points.

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SBI Mutual Fund launches Debt Fund Series 180 Days 18

SBI Mutual Fund new issue closes on 11th May

SBI Mutual Fund has launched SBI Debt Fund Series 180 Days 18, a close-ended income scheme.

The minimum investment objective of the scheme is to provide regular income, liquidity and returns to the investors through investments in a portfolio comprising debt instruments such as government securities, AAA/AA+ bonds and money market instruments maturing on or before the maturity of the scheme.

The new issue closes on 11th May. The minimum investment amount is Rs5,000.

CRISIL Liquid Fund Index is the benchmark index. Rajeev Radhakrishnan is the fund manager.

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