The global digital marketing company Ybrant Digital has received $48 million funding from Oak India Investments, Asia Pacific Capital and ICICI Bank.
Ybrant Digital will use this new round of funding to develop new technology, expand internationally and explore acquisitions.
The financing comes in the wake of a very successful year for Ybrant, characterised by its acquisition, Lycos-an Internet and search portal, and the launch of its local search platform, 'Ybrant Reach' in India.
Oak Investment Partners is a multi-stage venture capital firm. Asia Pacific Capital is an asset management company established in 1992.
Birla Sun Life MF launches Short Term FMP-Series 5; Taurus MF floats Fixed Maturity Plan Series A; RBI to issue notes in Rs10 denomination with new features; Omkar Speciality Chemicals to introduce IPO on 24th January
Birla Sun Life MF launches Short Term FMP–Series 5
Birla Sun Life Mutual Fund has launched Birla Sun Life Short Term FMP–Series 5, 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 19th January and closes on 20th January. The minimum investment amount is Rs5,000.
CRISIL Short Term Bond Fund Index is the benchmark index. Kaustubh Gupta is the fund manager.
Taurus MF floats Fixed Maturity Plan Series A
Taurus Mutual Fund has launched Taurus Fixed Maturity Plan Series A (91 Days Close Ended Debt Scheme).
The investment objective of the scheme is to generate income with minimum volatility through investments in debt and money market instruments maturing on or before the maturity of the scheme.
The new issue opens on 19th January and closes on 24th January. The minimum investment amount is Rs5,000.
Crisil Liquid Fund Index is the benchmark index. The scheme will be managed by Rahul Pal and Pankaj Jain.
RBI to issue notes in Rs10 denomination with new features
The Reserve Bank said it will shortly issue Rs10 denomination notes with inset letter 'N' in both numbering panels in Mahatma Gandhi Series bearing the signature of RBI Governor D Subbarao.
Except for the change in the inset letter, the design of these notes to be issued now is similar in all respects to the banknotes in Mahatma Gandhi Series with additional or new security features issued earlier, said RBI release issued here.
All banknotes in the denomination of Rs10 issued by the bank in the past will continue to be legal tender, it said.
Omkar Speciality Chemicals to introduce IPO on 24th January
Omkar Speciality Chemicals Ltd is entering in the capital markets with an initial public offering (IPO) of 81 lakh equity shares of Rs10 each. The price band for the issue has been fixed at Rs95 at lower level and Rs98 at upper level.
Omkar Speciality Chemicals is mainly engaged in the manufacture and sale of speciality chemicals viz. selenium, compounds, iodine compounds, molybdenum compounds etc and pharma intermediates viz. potassium iodate, bismuth ammonium citrate, bromoform etc.
The issue opens on 24 January 2011 and closes for subscription on 27 January 2011. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
New Delhi: Two-wheeler major Bajaj Auto today posted a 40.4% jump in its net profit to Rs667.11 crore in the quarter ended 31 December 2010 over Rs 475.14 crore in the same period last fiscal, reports PTI.
During the period, the company recorded a 27% increase in its net sales to Rs4028.18 crore as compared to Rs3165.84 crore posted in the corresponding quarter last fiscal.
“The quarter witnessed an all-round increase in input cost. In this challenging environment, the company’s focus on high-end motorcycles enabled it to maintain record high margins on excess of 20%,” the firm said in a statement.
The company said high-end motorcycles contribute over 70% of its total motorcycle sales.