Author Archive

UTI-SPrEAD Fund declares dividend of 6%

Thursday, May 13th, 2010

UTI-SPrEAD Fund declares tax-free dividend of 6% (Rs.0.60 per unit on face value of Rs.10/-). Pursuant to the payment of dividend, the NAV of the dividend option of the scheme would fall to the extent of payout and statutory levy if any.
The record date for the dividend is May 18, 2010.

All unit holders registered under [...]

UTI Mutual Fund opens a New Financial Centre at Marol

Tuesday, May 11th, 2010

UTI Mutual Fund (UTI MF) announces the opening of a new UTI Financial Centre (UFC) at Marol (Mumbai). The new UFC will be located at Plot no 12, Road no 9, Behind Hotel Tunga Paradise, MIDC, Marol, Andheri (East), Mumbai 400 093, Maharashtra  in India. (Telephone no. 022-28365138).

The UFC was inaugurated on May 10, 2010.
On [...]

IDBI Mutual Fund Launches its First NFO – IDBI NIFTY Index Fund

Monday, May 3rd, 2010

NFO will enable investors to be a part of the India Growth Story

IDBI Asset Management Ltd. (IDBI AMC), a  wholly-owned subsidiary of IDBI Bank Ltd,  has launched its first new fund offer (NFO) for the Indian investors – ‘IDBI NIFTY Index Fund’.
According to reports, this fund will give investors diversification across 50 [...]

UTI- Wealth Builder Fund-Series II declares tax-free dividend of 12%

Saturday, May 1st, 2010

UTI- Wealth Builder Fund-Series II declares tax-free dividend of 12% (Rs.1.20 per unit on face value of Rs.10/-).
According to reports, pursuant to the payment of dividend, the NAV of the dividend option of the scheme would fall to the extent of payout and statutory levy if any.

The record date for the dividend [...]

YES BANK takes off into the Next Growth Phase

Thursday, April 29th, 2010

YES BANK takes off into the Next Growth Phase – Launches Version 2.0, establishes the roadmap for five years till 2015

YES BANK, India’s new age private sector Bank, has embarked on its journey into the next phase of growth, and launched the Bank’s VERSION 2.0 – the Take-off. Mr. Rana Kapoor, Founder/Managing Director & CEO, [...]

YES BANK announces Q4FY10 and FY10 Financial Results

Tuesday, April 27th, 2010

The Board of Directors of YES BANK Ltd. took on record the un-audited Q4FY10 and audited FY10 results at its meeting held in Mumbai today.

Commenting on the results and financial performance, Rana Kapoor, Founder/Managing Director & CEO, YES BANK said, “YES BANK has delivered a robust financial performance with sustainable net interest income and [...]

Birla power bets big on solar power

Monday, April 26th, 2010

Birla Power Solution LTD (BSPL) under the jawaharlal Nehru National Solar mission, plans to deploy 20,000 MW of solar power by the year 2022.

BSPL will invest Rs 3000 cr to set up 600 MW coal-fired thermal power plant that will be commissioned within the next 3 years under its subsidiary Birla Urja LTD (BUL) BSPL [...]

Here Comes The Bigger Nano (Dolphin)

Friday, April 23rd, 2010

Automobile industry is buzzing with a rumor that the engineers at Tata Motors are planning a Rs 300,000-car, Dolphin which is likely to be launched in the next 2 years.
The car is expected to be powered by a 1 litre engine and Tata would probably be positioning this car between the Nano and Indica [...]

Recruitment at the West Bengal School Service Commission

Thursday, April 8th, 2010

The West Bengal School Service Commission(WBSSC) call for an applications for various posts at the Office of the West Bengal Regional School Service Commission, Northern Region.
Last date for submission of application form: 17.April, 2010

Completed applications should be submitted to the Secretary, West Bengal Regional School Service Commission, Northern Region, 17/18, Rabindra Avenue, Malda is
Check the [...]

Bhartiya Samruddhi Finance Limited raises INR 118 Cr. ($ 26M) Equity with Matrix Partners

Wednesday, April 7th, 2010

Announces 1% Reduction in APR on Loans to Poor Households

Existing Investors Hivos Triodos Fonds and Lok Capital participate in the funding of the BASIX Group subsidiary

Bhartiya Samruddhi Finance Limited (BSFL), a Livelihood Promotion Institution today announced that it has closed its Series C with INR 118 Cr ($ 26 MM) of equity. Matrix Partners [...]