Business Diary

Muthoot Finance Limited announced the launch of non-convertible debentures recently.

Muthoot Finance Ltd to launch NCDs

Muthoot Finance Limited announced the launch of non-convertible debentures (NCDs) here recently. The company joint managing director,George Jacob Muthoot,said that the NCD issue will come with three investment options providing an effective yield of upto 12.2 per cent per annum. Muthoot said that there are three investment options in all. In option 1,the maturity date is 24 month. The coupon rate and effective yield is 11.75 per cent per annum for NCD holders in category 1,the coupon rate and effective yield will be 12 per cent per annum for NCD holders in category II and category III. In second option,the maturity date is 36 months. The coupon rate and effective yield will be 12 per cent per annum for NCD holders in category 1,while the coupon rate and effective yield will be 12.2 per cent per annum for NCD holders in category II and category III. In third option,the maturity date is 60 months. The coupon rate and effective yield will be 12 per cent per annum for NCD Holders in Category 1,while the coupon rate and effective yield is 12.25 per cent per annum for NCD holders in category II and category III.

Maruti Suzuki unveils new Swift

Maruti Suzuki unveiled the all new Swift car here recently. The car offers best in class acceleration,high power to weight ratio and much improved fuel efficiency and has over 140 new features. The new variant offers better mileage which is 6 per cent more in diesel and 4 per cent in the petrol version. In addition to this,the company has introduced the VVT engine technology. Maruti Suzuki and its suppliers made an investment of over Rs 550 crore to make the new car more vibrant and sportier.

iQuest consultants,in a report on the recruitment scenario,has shown that the job market is witnessing signs of a revival led by sectors like telecommunication,pharmaceutical,life sciences and financial services in the country. The report noted that the human resource firms claim there are more vacancies now than a year ago when the slowdown first set in. Sectors like telecommunication,financial services,fast-moving consumer goods and IT have shown robust growth.

Idea offers Gold Standard 3G service

Idea Cellular,has offered Gold Standard 3G services to its subscribers in Pune. For Maharashtra & Goa circle,the company has booked 5 lakh 3G subscribers. A company statement said that for the subscribers the roaming facility on 3G is also made available. Idea customers can now roam seamlessly across Mumbai,Gujarat,Karnataka,Andhra Pradesh,Tamil Nadu,Chennai,Delhi,Haryana,UP West,UP East,Bihar,Kolkata,Kerala,MP,Rajasthan,West Bengal,North East and Assam.

(Compiled by Ishfaq Naseem)

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