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Business Economy


ETMoney crosses Rs 2K cr of investment in MF

New Delhi, Feb 12 (UNI) Financial services app ETMoney on Tuesday announced that it has crossed the landmark of Rs 2,000 crores of money invested in Mutual Funds through its platform.
It is also adding more than Rs.150 crores of new investment transaction value every month from investors across 1,200 cities.
"The news comes five months after ETMoney switched to Direct Mutual funds, allowing users to invest through its platform at 0 per cent commission. These benefits of providing users with low cost and transparent investment options from a single place has struck the right cord with users and ETMONEY has since then doubled the amount of investment done on its platform, with SIPs being the most prominent investment mode," said ETMoney Founder and CEO Mukesh P Kalra.
"We are aiming to grow to Rs.5,000 crores of mutual fund transactions in the next 12-18 months,” added Mr Kalra.
"Used by more than 50 lakh Indians, ETMoney is available on Android or iOS," a statement here said.
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HCL Technologies intents to acquire Cisco's SON Technology

29 May 2020 | 10:22 PM

Mumbai, May 29 (UNI) IT major, HCL Technologies, (HCL) on Friday announced its intent to acquire Cisco's Self-Optimizing Network (SON) technology.

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Ashoka Buildcon receives provisional certificate for NHAI project

29 May 2020 | 10:22 PM

Mumbai, May 29 (UNI) Infrastructure major, Ashoka Buildcon Ltd had announced the declaration of March 31, 2020 as the Commercial Operation Date (CoD) for its Hybrid Annuity Mode (HAM) Project of National Highways Authority of India ('NHAI') on May 28, 2020, for the Project viz. 4/6 laning of Kharar to Ludhiana section of NH-95 (new NH-05) from Kharar km. 10+185 (design chainage) to Samrala Chowk, Ludhiana km. 86+199 (design chainage) in the State of Punjab on Hybrid Annuity mode ('Project').

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KEC international Q4 consolidated net declines by 2 96 pc to Rs 192 88

29 May 2020 | 10:20 PM

Mumbai, May 29 (UNI) KEC international has reported a decline of 2.96 pc in its net profit for the quarter ended March 31,2020 at Rs 192.88 crores as against net profit of Rs 198.76 crores for the period ended March 31, 2019.

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Finance Commission holds meeting with Power Ministry

29 May 2020 | 10:18 PM

New Delhi, May 29 (UNI) The Finance Commission headed by N K Singh and including its Members and senior officials on Friday held a detailed meeting with the Power Ministry headed by Union Minister R K Singh on issues relating to the Reforms of the Electricity Sector in the States.
This was in continuation to the recommendations made on the power sector by the Finance Commission in its report for the financial year 2020-2021.

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Petrol, diesel to be dearer in J&K

29 May 2020 | 10:00 PM

Jammu, May 28 (UNI) Jammu and Kashmir Government on Friday increased the rate of tax on sale of petrol and diesel in J&K by Rs 2 per litre and Rs 1 per litre respectively.

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