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Posts Tagged ‘Launch’

First ever tax free bond to hit the market.

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.

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Adidas will launch $1 shoe in India.

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.

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NSE to launch derivatives linked to European indices

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.

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Fidelity MF launches equity fund, plans intl funds in India

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.

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One billion mobile users in India by 2015

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

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.

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New Internet browser from Opera

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.

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Is Apple iphone set for a launch in China?

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.

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Avoid these common mutual fund pitfalls

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.

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India Tourism Development Corporation (ITDC) Pays Dividend

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.

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Hong Kong to create 250K jobs through infra projects

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.

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Oman govt fund to pick up 24.5% in Ansal township

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.

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UTI Mutual Fund launches UTI-Wealth Builder Fund-Series II

UTI Mutual Fund announces the launch of a unique scheme “UTI Wealth Builder Fund-Series II” which combines the benefits of both equity and gold. The New Fund Offer opens on October 21, 2008 and closes on November 19, 2008.

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Religare Aegon Files Offer Document With Sebi

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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