Amid volatile capital markets, the National Highways Authority of India announced the launch of its first ever tax-free bonds issue of Rs 5,000 crore on December 28.
Posts Tagged ‘Launch’
Adidas will launch $1 shoe in India.
November 20th, 2011
Ziaulla Namani Adidas, the German sportswear and equipment maker, is to launch a shoe costing one dollar a pair in India, boss Herbert Hainer said, despite the failure of a similar venture in Bangladesh.
NSE to launch derivatives linked to European indices
September 16th, 2011
Ziaulla Namani The National Stock Exchange is looking to launch derivative contracts linked to European indices, which will help domestic investors to have exposure to European equity market. The bourse last month launched derivative contracts linked to the American equity indices — Dow Jones Industrial Average (DJIA) and S&P 500.
UTI to be first on NSE mutual fund platform
December 3rd, 2009
Tushar Mathur Around 30 of the 100 schemes of UTI Mutual Fund will be listed on the new NSE Mutual Fund platform.
The liquid schemes will not be included among them, said a top UTI official.
For the fund industry, it will be a new technology-driven initiative when UTI MF lists its schemes on Monday on NSE’s new platform – the Mutual Fund Service System (MFSS).
In November 2000 a similar initiative by the Association of Mutual Funds in India made it possible for Indian funds to declare their NAVs on a common platform.
BSE to join soon
Around 10 mutual funds are expected to join NSE’s platform within a week’s time, an NSE official said.
Fidelity MF launches equity fund, plans intl funds in India
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.
One billion mobile users in India by 2015
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
Quest Software Offers SaaS Windows Management Solutions
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.
New Internet browser from Opera
September 2nd, 2009
Tushar Mathur Norway’s Opera Software released on Tuesday a new version of its browser, Opera 10, promising faster downloads, new design and new fea
tures.
Opera battles for the spot of third-largest browser maker with Google’s Chrome and Apple’s Safari, but is far behind Microsoft and Mozilla Foundation.
Opera said the new browser is significantly faster on resource-intensive pages such as Gmail and Facebook, and adds features like full thumbnails of all open tabs.
Opera said its Turbo feature for slow connections, which packages web pages, makes the browser up to eight times faster than rival browsers in low connection speeds.
“We have worked a lot on Opera Turbo technology and have also made major improvements on the overall product stability.
Is Apple iphone set for a launch in China?
August 27th, 2009
Tushar Mathur Apple Inc is getting closer to clearing the hurdles to start selling iPhones in China, the Wall Street Journal reported on Wednesday.
It is one of the last major phone markets Apple has yet to tap, the paper said.
Avoid these common mutual fund pitfalls
August 3rd, 2009
Tushar Mathur Equity markets are on the rise. New fund offers (NFOs) are the rage once again. And again, you are receiving solicitations from your financial advisers to invest in mutual funds (MFs) so that you don’t miss the boat.
India Tourism Development Corporation (ITDC) Pays Dividend
June 2nd, 2009
Tushar Mathur New Delhi, June 2, 2009: The State owned India Tourism Development Corporation (ITDC) has declared a 20% dividend for the financial year 2007-2008. This is the 2nd consecutive year that ITDC has declared dividend.
Hong Kong to create 250K jobs through infra projects
December 6th, 2008
Tushar Mathur Hong Kong’s government aims to create 250,000 jobs by launching 10 big infrastructure projects in 2009, its financial secretary said on Saturday, in an effort to slow the growing jobless rate in an economic downturn.
“(The) Hong Kong SAR government will facilitate the launch of 10 major infrastructure projects next year, hoping to bring in 250,000 jobs,” John Tsang said in a radio programme, adding he had urged all government departments to propose ways of creating more jobs.
He gave no time frame for the 250,000 job target.
Oman govt fund to pick up 24.5% in Ansal township
November 9th, 2008
Tushar Mathur Ansal API’s 2,500-acre township Megapolis in Dadri, Greater Noida, might see another round of stake dilution in the very first month of the project’s launch. According to sources, State General Reserve Fund (SGRF) of Oman is planning to pick a 24.5% stake in the upcoming township, which pegs the total value of the project at Rs 26,500 crore.
The total investment in the project was reported at Rs 13,000 crore of which 8.5% was picked up by HDFC AMC for Rs 1,105 crore recently.
Religare Aegon Files Offer Document With Sebi
October 8th, 2008
Tushar Mathur Religare Aegon Mutual Fund has filed offer document with Securities and Exchange Board of India (Sebi) to launch Liquid Fund. It is an open-ended liquid scheme. The face value of the new issue will be Rs 10 per unit.



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