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Business briefs

·2-min read

ICICI Prudential MF launches flexi cap fund New Delhi, Jun 10 (PTI) ICICI Prudential Mutual Fund on Thursday announced the launch of a flexi cap fund, an open-ended equity scheme, which aims to provide capital appreciation by investing in equity and equity related securities.

The new fund offer (NFO) will open on June 28 and close in July, the fund house said in a statement.

The fund -- ICICI Prudential Flexi Cap Fund-- aims to identify and invest in equity and equity related securities across market capitalisation based on an in-house market cap allocation model.

It will follow a mix of top-down and bottom-up approach to identify opportunities in large, mid and small cap space respectively.The investment universe considered will be the S&P BSE 500.

************************** Nexon SUV hits major milestone as Tata Motors rolls out 2,00,000th unit *Tata Motors on Thursday said it has reached the 2 lakh production milestone of its compact SUV Nexon.

The company rolled out the 2,00,000th Nexon on Thursday from its Ranjangaon facility in Pune, Tata Motors said in a statement.

The Nexon touched the 1.5 lakh production milestone in November 2020 and the last 50,000 units have been recorded in less than 6 months, with demand outpacing supply and production limited due to the pandemic, it added.

'Customer bookings have been growing and in March 2021, Nexon sales set a new record of 8,683 units in a month, further strengthening the company's leadership position in the C-SUV segment,' Tata Motors said, adding the model is the first car in India to receive a full 5-star adult safety rating by Global NCAP, an international automotive safety accreditation body.

************************** PGCIL to set up primary health care centre buildings in Punjab * State-owned Power Grid Corporation of India Ltd (PGCIL) will be setting up primary health care centre buildings in Punjab as part of its CSR activities Kailash Rathore, Executive Director Northern Region – II of the company laid the foundation stone at Primary Health Centre (PHC), Mallanwala and PHC, Kassowanna in Punjab's Ferozpur district.

According to a release, the construction of buildings of PHCs would have a financial implication of Rs 3.22 crore and it would be part of the company's CSR (Corporate Social Responsibility) activities.

Earlier, PGCIL had handed over three ambulances to the Ferozepur district administration. Besides, 282 sanitary napkin vending machines along with an equal number of incinerators have been installed in 217 government middle, high, and senior secondary girls' and co-education schools in the district. PTI SP RKL KKS SHW SHW

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