SEBI Re-armed

The Supreme Court exposes the Securities Appelate Tribunal

Over the last decade, the...

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Bank Charges Under Scrutiny

The Reserve Bank appoints a working group to make bank charges reasonable

RBI plans to...

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Personal finance Wednesday

Deutsche MF revises exit load structure under Deutsche Money Plus Fund; Coal India to list IPO on 4th November; Reliance Mobile launches 'Festive Dhamaka' offer; MTNL introduces Trump-One For All 3G prepaid plan

Deutsche MF revises exit load structure under Deutsche Money Plus Fund

Deutsche Mutual Fund has revised exit load structure under its scheme-Deutsche Money Plus Fund. As per the revision, scheme will charge 1% as exit load, if the investment is redeemed within four months from the date of allotment. Currently, the scheme charges 0.25% as exit load, if the investment is redeemed within seven days from the date of allotment. The revision will be effective from 4th November. The scheme is managed by Kumaresh Ramakrishnan and is benchmarked against CRISIL Liquid Fund Index.

Coal India to list IPO on 4th November

Coal India Ltd will list its initial public offering (IPO) on Thursday, 4th November. The company had fixed its issue price at Rs245 per share, which was at the higher end of the price band of Rs225-Rs245. For retail investors, the issue price was 5% lower. The IPO was oversubscribed by 15.28 times (2.31 times in retail).

Reliance Mobile launches 'Festive Dhamaka' offer

Reliance Communications has introduced two 'Festive Dhamaka' offers for its GSM & CDMA subscribers. Till 30th November, new subscribers will get free calling benefits to any local Reliance mobile between 11:00 pm and 6:00am. The offer will be valid for a month.
Existing subscribers get Rs52 talk time plus extra 52 minutes with recharge of Rs52, Rs121 talk time plus extra 121 minutes with recharge of Rs121 and Rs301 talk time plus extra 301 minutes with recharge of Rs251. Free minutes can be used for any local call throughout the day. These products have 3, 7 and 15 days validity respectively. The new Festive Dhamaka offer is available for all Reliance subscribers (GSM & CDMA) across all plans.
The offer is available through e-recharge in all retails outlets serving Reliance GSM & CDMA customers including the company's retail outlets of Reliance mobile stores and Reliance World outlets across India.

MTNL introduces Trump-One For All 3G prepaid plan

Mahanagar Telephone Nigam Ltd (MTNL) has introduced new Trump-One For All 3G prepaid plan with 50p/min tariff for voice and 3G video calls and some festival benefits for its existing and prospective subscribers in Delhi telecom circle.
MTNL's Trump One For All prepaid pack comes at first recharge coupon of Rs50 which provide flat 50 paisa/minute tariff for local/STD voice and video calls to any network. The incoming/outgoing voice calls while national roaming will be charged at 50paisa/minute with in BSNL/MTNL network. The tariff validity will be 365 days from the date of activation.
 

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