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HDFC mutual fund declares dividend for 3 schemes

Chennai, Mar 6 (UNI) Leading private sector bank HDFC Mutual Fund today declared dividend for HDFC equity fund, HDFC tax saver and HDFC MF Monthly Income Plan.

The record date for all these schemes was March seven 2007, a release said.

Accordingly, all unit holders whose names appear in the register as on the record date will be eligible to receive the dividend.

The amount of dividend declared for HDFC Equity Fund is Rs five per unit and for HDFC tax saver Rs 7.50 per unit, the release added.

UNI

AppLabs completes first major phase of testing for TRUSTe

Hyderabad, Mar 6 (UNI) AppLab Technologies, the world's largest independent software testing company, today announced it had successfully completed the first major phase of testing for TRUSTe's Trusted Download Programme. AppLabs partnered with TRUSTe in January 2006 to test and certify technical operations of software applicants to the Trusted Download Beta Programme and this was the first time TRUSTe included an outside technology expert to qualify applicants for the company's privacy programmmes. Applabs Founder Chairman and Chief Executive Officer Sashi Reddi.....

Raj TV IPO issue price fixed at Rs 257

Chennai, Mar 6 (UNI) Raj Television Network Limited, a regional broadcaster and media company, has fixed the issue price at Rs 257 (upper end of the band) per equity share for its Initial Public Offering (IPO). The company had announced sale of 35,68,250 equity shares of face value of Rs 10 each for cash at a premium to be decided through a 100 per cent book building process. The issue closed for subscription on February 23 and was oversubscribed by 3.04.....

Penang CM for more business tie-up with India

Chennai, Mar 6 (UNI) Malaysia's Penang Chief Minister Koh Tsu Koon today reiterated that both India and Malaysia should take advantage of their competitive strengths to offer productive and cost competition in the business tie-ups. Delivering a keynote address at the meeting organised by the Confederation of Indian Industry (CII) here, Dr Koon said the State of Penang, a leading industrial State of Malaysia, was moving up the value chain, focusing on high-mix and low volume development of hardware products, while.....
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