Axis Bank-promoted Axis Mutual Fund has launched its first equity fund, Axis Equity Fund, a diversified equity fund benchmarked to the S&P CNX Nifty.
“We aim to offer total investment solutions to consumers and not just individual products.
November 26th, 2009
Tushar Mathur Axis Bank-promoted Axis Mutual Fund has launched its first equity fund, Axis Equity Fund, a diversified equity fund benchmarked to the S&P CNX Nifty.
“We aim to offer total investment solutions to consumers and not just individual products.
November 26th, 2009
Tushar Mathur Exchange traded funds or ETF have been in existence for ages but are a novel concept in the Indian market.
November 26th, 2009
Tushar Mathur Fidelity Mutual Fund today announced the launch of its Fidelity India Value Fund, an open-ended, diversified equity fund.
The company is also looking at launching its international funds in the Indian market, a top company official said here.
“With the launch of the India Value Fund, we are broadening our offering of equity funds.
November 23rd, 2009
Tushar Mathur Tata Motors, India’s biggest automobile company this year in August had launched revised fixed deposit scheme and company has raised Rs 264 crore through this scheme. Company has the permission to raise Rs 1,300 crore from the revised scheme
The rate at which the market has retorted to the revised fixed deposit scheme has narrowed considerably, especially in comparison to its previous deposit scheme, when the company had collected Rs 2,700 crore in nine months.
Previously the amount was raised on higher payment of interest rates, which the company has now revised to downwards by 325 basis points to 8.75 per cent for a period of three years.
From the earlier FD scheme the Tata Motors was able to raise an average of Rs 300 crore per month, when deposit schemes of other companies were struggling.
November 20th, 2009
Tushar Mathur France says Namaste to India — French style. In an effort to bring French culture to more than 18 cities in India, the Embassy of France in India and Culturefrance, have announced the launch of ‘Bonjour India — Festival of France in India’.
The Bangalore chapter of the celebrations was launched in Alliance Francaise, Vasanthnagar by Jerome Bonnafont, the French ambassador to India on Thursday.
November 19th, 2009
Tushar Mathur For India’s top tech firms seeking to grow revenues from Europe in order to offset lower spend by American clients, it’s going to be Key facts on India’s IT industry
a long, arduous journey, said research firm Forrester on Wednesday.
The US, which accounts for over half of India’s $60-billion software outsourcing industry, has traditionally been the top market for Tata Consultancy Services (TCS), Infosys and Wipro, among many others.
November 18th, 2009
Tushar Mathur India could have more than one billion mobile phone users by 2015, with the bulk of that growth in rural areas, one of the country’s top telecom executives said on Wednesday.
Manoj Kohli, chief executive of India’s biggest mobile phone group Bharti Airtel, told an industry conference in Hong Kong that his firm is aiming to almost double its customer base to 200 million people in the next few years.
“Achieving a billion plus (Indian mobile users) by 2015 is possible,” he told the Mobile Asia Congress, the region’s largest telecom industry gathering.
“The largest growth will happen in the rural market,” he said, adding that pricing wars between providers were knocking down rates in the Indian market and making phones affordable to more people.
Competition in India has become even more aggressive as new players unleash deeper price cuts with innovative per-second billing plans that have pushed call costs down to less than a cent a minute.
“There is hyper-competition like no other place in the world,” he said.
India is the world’s second-biggest cellular market with more than 400 million users, lagging behind only China, which has over 600 million users.
Rural customers are also seen as key to growth in China, said Chang Xiaobing, chairman of China Unicom, one of the nation’s three major telecoms operators.
The company aims to tap “vast rural areas” for growth as demand for basic mobile voice services slows in saturated urban markets, he said, with customers now looking for multi-function devices that can send emails or play movies.
“Voice is a mature market in some areas, but we still see some growth potential,” Chang told the conference. “Voice will be in continuous demand (in China).”
But Chinese operators must boost their data business to offset falling prices on voice calls, he said.
Chang has said he expects Apple’s iconic iPhone, which Unicom distributes, will be China’s highest-selling smartphone despite disappointing results after its official launch this month.
Mobile connections in Asia Pacific are expected to cross the two billion mark this year, more than triple the level in 2003, according to statistics released by conference organiser GSMA, a mobile industry trade group.
Agencies
November 17th, 2009
Tushar Mathur The worldwide IT spending is on pace to decline 5.2 percent this year. However, the IT industry will return to growth in 2010, with IT spending forecast to total $3.3 trillion, a 3.3 percent increase from 2009, according to research firm Gartner.
November 17th, 2009
Tushar Mathur Quest Software, Inc. has announced the launch of its first set of Software as a Service (SaaS) Windows management solutions. Quest OnDemand will be hosted on Windows Azure, securely managing IT environments by leveraging Microsoft Corp’s Windows Identity Foundation (WIF) and Active Directory Federation Services (ADFS) 2.0.
November 16th, 2009
Tushar Mathur The U.S. economy is showing signs of recovery, but despite that fact, the number of bank failures in the U.S. has continued to increase with 123 entities going out of business so far this year.
November 13th, 2009
Tushar Mathur After establishing itself as a major player in the international BPO market, India is now set to shift focus on the domestic market, which is projected to grow at over 30% annually.
According to a report by IT research firm IDC India, the country’s domestic BPO market, with nearly 500 players, will grow at a CAGR of 33.3% to touch revenues of $6.82 billion by 2013, up from $1.62 billion in 2008.
The report said the domestic BPO industry would evolve from just running isolated processes for customers to engaging more deeply in identifying and transforming core business processes.
“Positive market indicators of an economic recovery, unbundling of mega outsourcing deals and large unaddressed white spaces such as regional language services support the current optimism,” the report said.
Currently, the BFSI vertical contributes the lion’s share of 37% to the domestic sector’s revenues, while telecom contributes about one-fourth to it.
Other verticals like utilities and services, energy, food and hospitality, aerospace and automotives, consumer durables and government contribute 17%, while the travel segment contributes 8% to the revenue.
Agencies
November 13th, 2009
Tushar Mathur Every Mutual Fund agent and financial Web site has different theories on how to evaluate Mutual Funds. Many of these theories focus on simply analyzing the fund’s recent performance and the reputation of the fund house, which is rarely enough to differentiate a good investment from a bad one.
In reality, Mutual Fund analysis is a sophisticated problem studied by global investment professionals, and while no list can do complete justice to the problem, there are ten nuanced factors that professionals look at:
1.