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IT giant Tech Mahindra signs defence contract worth Rs 300 crores

Wednesday, May 22, 2019, 11:08 AM

IT major Tech Mahindra said it has signed a defence contract worth Rs.300-crore, its biggest till date. As part of the 'Armed Forces Secure Access Card'(AFSAC) Project, Tech Mahindra will implement RFID based access control-system across all naval bases and ships, a statement said. The new AFSAC card will replace the existing paper based identity card for all Navy personnel, including dependents and ex-servicemen.
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CPSE ETF anchor subscription oversubscribed

Wednesday, March 20, 2019, 7:39 PM

The fifth tranche of CPSE ETF managed by Reliance Mutual Fund anchor book was oversubscribed by 5.78 times against anchor base issue size of 1,050-crore. "The CPSE ETF is trading at very attractive valuations. As of February-28, the dividend yield of the Index was as high as 5.52% compared to 1.25% for the Nifty 50" , said Vishal Jain, Head ETF, Reliance Mutual Fund.
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Pakistan Unveils Tax Cuts, Incentives To Boost Growth

Thursday, January 24, 2019, 7:36 AM

Pakistani Finance Minister Asad Umar unveiled a package of measures to boost exports and investment and help Islamabad address a severe balance of payments squeeze that has forced it to turn to the IMF for help. "Until there is investment, country's economy cannot move forward," he told parliament above the jeers of opposition lawmakers. "This is not a budget, it is a reform package."

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