All India Investor Yatra is a unique initiative to accelerate financial literacy across India in 25 cities
BloombergUTV and National Stock Exchange of India today launched the ‘All India Investor Yatra’, a unique initiative to drive awareness and education about healthier investment practices. The All India Investor Yatra starts with Surat on 30th October and travels across 25 towns and cities over the next 6 to 8 months.
The ‘All India Investor Yatra’ employs a unique and innovative infotainment format to build investor awareness and impart knowledge, critical for making informed investment decisions through a theatre performance. The performances will be followed by interactions between the investors and a panel of experts who will address the queries of the audience.
The content of the skits will focus on areas like Do’s and Don’ts of informed investing, banking, risk analysis, advisory, inflation and selecting the right investing tool among others. The objective of the skits is to educate the investor about equities & mutual funds versus other asset classes, ETFs, risk appetite, mutual funds & SIP’s and the advantages of planned investments.
BloombergUTV launched a series of programmes like ‘Fightback’, a show that has since helped hundreds of Indians break out of their financial woes. ‘Exposed’ has brought to light some of the most startling revelations out there. ‘Market Guru’–an on-air show gives viewers Blunt. And Sharp opinions of the most authoritative experts in India and around the world. BloombergUTV also instituted ‘The Financial Leadership Awards’ to recognize and bring forward the most promising talent in the industry. The All India Investor Yatra launches on BloombergUTV in November 2011.
Mumbai-based real estate developer Godrej Properties has tied-up to develop a premium residential villa project in Electronic City, Bengaluru
Godrej Properties Ltd (GPL) the real estate development arm of the Godrej Group, announced a tie-up with Universal Builders, wherein GPL will act as the development manager, for developing approximately 0.4 million sq. ft of premium residential villas, spread over 14.5 acres at Electronic City, Bengaluru.
The project is envisioned as a premium villa development with modern specifications and will offer a range of luxurious amenities to its residents including a state-of-the-art club house and a swimming pool. GPL will receive 11% of the total revenue from this development as development manager fees.
The project has the advantage of being strategically located in Electronic City in proximity to prime residential, retail and commercial areas. The site is located close to NH 7 and NICE road which offers excellent connectivity to the south and west of Bengaluru.
Pirojsha Godrej, executive director, Godrej Properties, said, “We are pleased to have entered an agreement for our sixth residential project in Bengaluru. The key strategic goal for the company is to build our presence across India's important real estate markets and this development fits in well with our strategy. We look forward to creating an outstanding villa development right in Electronic City.”
In the late afternoon, Godrej Properties was trading at around Rs672 per share on the Bombay Stock Exchange, 1.11% up from the previous close.
Navin Fluorine’s net profit jumps 1,062% to Rs58.82 crore; Total revenue at Rs192 crore; Declares interim dividend of Rs8.50 per share
Navin Fluorine International Ltd, a part of Arvind Mafatlal Group, reported net profit of Rs58.82 crore for the quarter ended 30 September 2011 compared to Rs5.53 crore in corresponding period of last fiscal year, registering a whopping 1062% jump.
The increase in net profits was not only due to higher carbon income but also due to underlying businesses performing exceptionally well. Net revenue for the quarter stood at Rs192 crore, registering a growth of 145% compared to Rs78.41 crore posted in the same period of the last fiscal year. Earnings per share (EPS) stood at 60.26 as compared to 5.48 in the corresponding period of the previous year. The company’s board has also declared an interim dividend of Rs8.50 per share of Rs10 each per share.
Shekhar Khanolkar, managing director, Navin Fluorine International Ltd said “The impressive performance of the company in the first two quarters clearly manifests our leading position in the speciality fluorochemicals industry. We will continue to invest in R&D and manufacturing facilities which will help us to increase our product offerings to our existing and new customers on sustained basis.”
In the late afternoon, Navin Fluorine was trading at around Rs397.85 per share on the Bombay Stock Exchange, 0.43% down from the previous close.