The global Microfinance body set up by World Bank Washington DC-based Consultative Group to Assist the Poor’ (CGAP), has elected Mr. Vijay Mahajan, Founder and Chairman of the BASIX Group as Chairman of its Executive Committee. This announcement was made at the CGAP board meeting that was held in Nairobi last month. This is for [...]
UTI Mutual Fund announces the launch of a new scheme “UTI Dynamic Bond Fundâ€. The New Fund Offer has opened on June 16, 2010 and closes on June 23, 2010. The scheme is reported to re-open for purchase and redemption not later than 30 days from the closure of the NFO period. UTI Dynamic Bond [...]
The Indian Government today upgraded its micro irrigation scheme to a national mission, with an outlay of Rs 8,032.90 crore, to save scarce irrigation water. Indian Home Minister P Chidambaram said “The Cabinet Committee on Economic Affairs (CCEA) approved the implementation of the Micro Irrigation Scheme (MIS) as a National Mission on Micro Irrigation (NMMI) [...]
Asia Bizz: The New Campus of Insurance Institute of India to be Inaugurated Today – June 8, 2010 The Finance Minister of India, Shri Pranab Mukherjee will be inaugurating the new building of Insurance Institute of India – which is India’s oldest insurance institute – at Bandra -Kurla Complex on Tuesday June 8, 2010 in [...]
National Commodity & Derivatives Exchange Limited (NCDEX), the first commodity exchange amongst the global commodity futures exchanges, is reported to have a successful steel futures contract. The average daily traded volumes are in the range of 20, 000 MT vis-Ã -vis the last 4 years corresponding figure of 9,000 MT. NCDEX launched its steel futures contracts [...]
India’s ICICI Prudential Life Insurance Company Ltd (ICICI Prudential Life) has announced today ‘Living Your Passion’- a retirement based social media initiative on Facebook, which has reportedly crossed 25,000 members in a short span of time. ‘Living Your Passion’ is a social media initiative that encourages people to talk about their passion and what they [...]
UTI- Wealth Builder Fund declares tax-free dividend of 10% (Rs. 1.00 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 3rd June, 2010. [...]
Japnese-France joint venture Renault Nissan Automotive India on May 24, 2010 started commercial production of its compact Hatchback car Micra. Domestic sales will begin from July and international from September.The expected price of the Micra would be around 4.5 lakh Nissan India is pitching Micra against Maruti Swift, Hyundai i10 and Ford Figo in the [...]
The Maharashtra State Board of Secondary and Higher Secondary Education (MSBSHSE), will announce the results of its Higher Secondary Certificate (HSC) or Class 12 examinations for 2009-10 on its website at 11am on May 25. The results for all divisions will be announced simultaneously. From this year on, marks will be accessible as well and [...]
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 [...]
