  May 22,2012 | Last update 4 hours ago | ||||||||||||
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- Q: Hi, I have a question about Liquid Funds. How safe is it to invest significant amount of money (say around 10 lakhs) in Liquid Funds compared to savings bank deposit? What factors should be considered in choosing a Liquid Fund? Can you advise on which liquid funds are the safest to consider? Thanks!
- Q: I have few investments in mutual funds -SIP and lumpsum- please advice whether to continue or exit at this moment- 1. MORGAN STANLY ACE FUND 2. AXIS LONG TERM EQUITY 3.FRANKLIN TEMPLETON BLUE CHIP 4.J.P MORGAN INDIA EQUITY 5. RELIGARE CONTRA FUND
- Q: Dear Sir/mam, I am taking homeloan from HDFC.Do you think that homelaon insurance is needed.The loan amount is 8lacs.Please also suggest suitable insurance products to cover the risk. Thanking you, Kind Regards, Rakesh
- Q: i want to take a term insurance with accident disability rider in LIC but there is no rider option available, so will it be a good decision to take a term insurance from LIC and personal insurance from any gov owned insurance company. Kindly suggest. regards Sanjay.N
- Q: A well known stock broking company (Raligare) approached me and asked me to invest a lump sum with a promise to multiply money. With the greed I invested Rs. 510,000 and signed an agreement without knowing the complete details. I invested the money by May 2009 and by August the value was reduced to Rs. 45,000. When I approached the higher authorities by then without any sympathy they were telling they were not God to multiply the money. They question how can I rely the words of an employee who was just getting a salary of Rs 20,000 a month. further they simply said that I shall approach SEBI or any other regulatory. Is their way of dealing with their customer right? I know I will not get back my money. But I do not want some other common man like me to loose his money like me. Can you do something to help the common man? I am ready to provide details if needed. I contacted SEBI but it was on no use. Though it is 2 years old I want to share it with you.
- Q: I am 42 yrs old. i would like to choose and invest best retirement plan. i can invest approx 70k per annum for 15 yrs. Expecting good return after 18 yrs. Which is good plan. Kindly advise.
- Q: i am investing 7000 pm in hdfc top 200 how much i get after 30 years
- Q: What kind of Mutual funds are good for the short term period of 6months - 1 Year where we can expect decent returns. And are MIP's good ?
- Q: I want to invenst in PFRDA NPS scheme, my age is 37 years, how much i can ivest monthly and how much i can get after 60 years.
- Q: want to invest Rs 20000-25000 per year in insurance. plan ULIP premium paying term 5 year/ pls suggest best available ulip plant with 5 year premimum paying term
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Vortex Engineering Raises VC Funding of Rs. 370 mn 15th Dec 2011, 16:20 (IST) |
.gif) Chennai, Tamil Nadu, India - Vortex Engineering Pvt Ltd (Business Wire India) Funds managed by Tata Capital, Aavishkaar and other existing investors invest Rs. 370 mn in Vortex Engineering Pvt. Ltd as a part of the current planned round of Rs 500 mn. Funds managed by Aavishkaar along with Bamboo Finance and Venture East are existing investors in the Company. Vortex is the pioneer of Rural ATMs, which operate efficiently in no-frills locations in remote regions, at a fraction of cost of a conventional ATM while not compromising on the security and functionality of a traditional ATM. The Company holds many patents for the 100% indigenously designed and developed Gramateller Duo ATM. The company has already deployed more than 400 rural ATMs for State Bank of India, and is deploying ATMs in rural and semi urban locations for other banks including Catholic Syrian Bank, IDBI Bank, Corporation Bank, etc. The company has been selected as one among the 10 start-ups that will change your life by TIME magazine, is one among 31 visionary companies selected as Technology Pioneers 2011 by World Economic Forum, and was a finalist of the Wall Street Journal Asia Innovation Awards 2010. Vortex is also the latest entrant to the elite ‘Business Call to Action’ group, a global initiative that encourages private sector efforts to fight poverty, supported by several international organizations including the UN Development Programme (UNDP). The funds raised shall be utilized to meet the Company’s immediate growth requirements. Spark Capital was the exclusive advisor to this transaction. About Tata Capital Tata Capital Innovations Fund has been registered with SEBI as a domestic venture capital fund under the SEBI Regulations. The Fund will focus predominantly on technology led innovations which represent breakthrough, fundamental/incremental change in technology or process. It is a sector agnostic fund and can invest across all stages viz. start-up, early, growth and mature. Tata Capital Limited is the Investment Manager of the fund. About Aavishkaar AICL is a fund created to promote inclusive economic development in rural and semi-urban regions in India. Aavishkaar has a strong record of investing in commercially viable enterprises that also have social impact. Aavishkaar provides risk capital and support to early stage ventures. The fund’s mission is based on the premise that promising micro, small to medium -sized enterprises (MSMEs) will help drive positive changes in the underserved regions of the country. The key investment criteria for the fund are – scalability and the potential to make strong positive social impact on rural or semi-urban India. About Vortex Engineering Headquartered in Chennai, Vortex Engineering Pvt Ltd is a pioneer and leading provider of innovative low power consuming ATMs tailor-made for semi-urban and rural areas. Built on years of R&D in collaboration with IIT Madras, and with a steady focus on rural needs, Vortex is now changing the face of banking with its Gramateller ATMs. Vortex is led by entrepreneurs and IIT alumni, L Kannan (Founder and CTO) and V Vijay Babu (CEO). Vortex benefits from the presence of luminaries like Ray Stata (Founder and Chairman, Analog Devices), Jean-Philippe de Schrevel (Chairman, Oasis Fund), Arun Diaz (Management Consultant; formerly Head, Programme and Change Management, Standard Chartered Bank), et al on its board. Please visit www.vortexindia.co.in. Media Contact Details Sabarinath C Nair, Vortex Engineering, +91 9500001442 sabari@vortexindia.co.in Nikhila Kesavan, 20:20 MSL, +91 9840124036 nikhila.kesavan@2020msl.com Share this article:  From this section  News From Businesswire
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