Mahindra Asset Management Company Pvt Ltd (MAMCPL) will launch two open-ended schemes - - Mahindra Mutual Fund Bal Vikas Yojana and Mahindra Mutual Fund Badhat Yojana.
Mahindra Mutual Fund Bal Vikas Yojana, an open ended balanced scheme, seeks to generate capital appreciation and income generation over medium to long term through investment in equity and equity related instruments as well as debt and money market instruments.
Investments in this fund can be made only in the name of the minor child and contributions in the investment account could be made by all family members and friends. The fund offers optional lock-in investment till the child turns 18 years old, said a company official here.
The second scheme Mahindra Mutual Fund Badhat Yojana - an open ended equity scheme - is best suited for investors who are keen to get medium to long-term capital appreciation through investment predominantly in equity and equity related securities including derivatives, he said.
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ITC appoints Ashok Malik as Additional Non-Executive Director * Diversified group ITC today appointed Ashok Malik as an Additional Non-Executive Director of the company, representing the Specified Undertaking of the Unit Trust of India (SUUTI).
The Board of Directors appointed Ashok Malik as an Additional Non-Executive Director of the Company, representing the Specified Undertaking of the Unit Trust of India (SUUTI), ITC said in a regulatory filing.
A former Journalist, Malik is a distinguished fellow at the Observer's Research Foundation and is head of the Foundation's Neighbourhood Regional Studies initiative.
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THDCIL beats Power Min targets, generates 4,370 mn units * State-run power major THDC India Ltd (THDCIL) today said it has generated 4,370.81 million units (MU) in 2016-17 against the target of 4189.12 MU.
"The Corporation has Generated 4,370.81 MU of energy against the target of 4,189.12 MU out of which 3,146.25 MU is generated from 1,000 MW Tehri HPP, 1,224.56 MU is generated from 400 MW Koteshwar HEP (hydro electric project). In addition to this 59.04 MU is generated from 50 MW Patan Wind Power Project," THDCIL said in a statement today.
According to the statement, the corporation has exceeded the targets set by the Ministry of Power for 2016-17.
In the renewable sector, the corporation has successfully commissioned two wind projects (50 MW Patan & 63 MW Dwarka in Gujarat) registering its presence in the Western Region of the country.
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J N Godrej resigns as Independent Director of Bajaj Auto * Bajaj Auto today said J N Godrej has resigned from the post of Independent Director of the company.
Citing his preoccupation with his group business and his various interest, JN Godrej has tendered his resignation as a Director of the company, Bajaj Auto said in a BSE filing.
Godrej was on the Board of the company since October 1998.
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Hamdard Lab enters ready-to-serve beverage segment * FMCG firm Hamdard Laboratories today said it has entered the ready-to-serve beverage segment by launching 'RoohAfza Fusion' an extension of their 100-year old brand RoohAfza.
Speaking at the launch, Hamdard Chief Sales and Marketing Officer, Mansoor Ali said: "This segment is actually the pivotal force that is driving growth in the overall consumption for this category.
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