Saturday, Aug 15 2020 | Time 16:59 Hrs(IST)
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  • Election to be held in J&K after delimitation process: PM Modi
  • Will not rest till Punjab's economy back on track: CM
  • A 4-year old becomes youngest person diagnosed with COVID-19 in Bhutan
  • Abdul Qadir bestowed on Sitara-e-Imtiaz, Pakistan's third-highest civilian award
  • Don't air views in media without high command consent : AIADMK tells partymen n
  • Cong attacks Modi for not naming China over LAC standoff in I-Day address
  • We will definitely become a superpower if Indians continue to carry out their fundamental duties honestly : Raha
  • Important challenge to make concept of social justice a reality: Akhilesh
  • WHO raising funds globally to make corona vaccine free for public : Dr Soumya
  • Will intensify dialogue process with people of J&K in coming days: LG Sinha
  • US, Poland sign military cooperation agreement strengthening US army presence in the country
  • SPB condition stable, continues to be on life support : Hospital
  • I want to emulate the way Harmanpreet Singh plays his game, says Sanjay
  • ENC to be prepared to face challenges from asymmetric threats : CinC Vice Admiral Jain
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Business Economy


ITI Mutual Fund launches 'ITI Arbitrage Fund'

ITI Mutual Fund launches 'ITI Arbitrage Fund'

Hyderabad, Aug 19 (UNI) ITI Mutual Fund on Monday announced the launching of ‘ITI Arbitrage Fund.’

The NFO ( New Fund Offer) will open for subscription from Tuesday and will close on September three, the company said in a release here.

The fund will be benchmarked with Nifty 50 Arbitrage Index and will predominantly invest in arbitrage opportunities available in the equity markets and balance in high quality debt securities with maturities less than 91 days.



This fund is suitable for Investors with a short to medium term investment horizon and are looking for an alternate option to Bank Fixed Deposits / Liquid Funds,” Mr George Heber Joseph, CEO and CIO, ITI Mutual Fund said.

The scheme will be invested in equity and equity related instruments including derivatives with a minimum of 65 per cent and maximum upto 100 per cent.

If arbitrage opportunities are limited, the scheme may be invested in maximum of 35 per cent in high quality debt instruments with maturities up to 91 days, as stated in the Scheme Information Document, the release said.

The minimum initial investment in the scheme will be Rs 5,000 and multiples of Re 1 thereafter. The fund also provides a minimum additional investment of Rs 1,000 and in multiples of Re 1 thereafter, the release added.

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Lupin presents phase 3 data for solosec demonstrating significant response rate in female patients with trichomoniasis

Lupin presents phase 3 data for solosec demonstrating significant response rate in female patients with trichomoniasis

15 Aug 2020 | 3:00 PM

Mumbai, Aug 14 (UNI) Pharma major Lupin Pharmaceuticals Inc the US based wholly owned subsidiary of Lupin Limited on Saturday announced results from its pivotal Phase 3 clinical trial to assess efficacy and safety of single-dose Solosec® (secnidazole) 2g oral granules in female patients with trichomoniasis, the most common non-viral, curable sexually transmitted infection (STI) in the US.

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Mahindra unveils all-new Thar

Mahindra unveils all-new Thar

15 Aug 2020 | 2:57 PM

Kolkata, Aug 15 (UNI) Mahindra & Mahindra Ltd., a part of the $19.4 billion Mahindra Group, today unveiled the All-New Thar, the most eagerly awaited and legendary SUV, on the occasion of India’s 74th Independence Day.

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Webinar on promoting steel-intensive construction

Webinar on promoting steel-intensive construction

15 Aug 2020 | 2:54 PM

New Delhi, Aug 15 (UNI) Seeking to enhance awareness of steel usage in Construction & Infrastructure development sectors and bridge the gap between users’ and suppliers for promoting steel-intensive construction, the Steel ministry is organising a Webinar on August 18.

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Sensex down 168 23 points during the week

Sensex down 168 23 points during the week

15 Aug 2020 | 2:07 PM

Mumbai, Aug 15 (UNI) The benchmark index of Bombay Stock Exchange (BSE) fell by 163.23 points or 0.43 pc to settle at 37,877.34 in the week under review on weak macroeconomic data and concerns over rising coronavirus case.

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