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Micromax Opens Manufacturing Facility in Hyderabad

Mobile phone manufacturer Micromax on Thursday opened its new manufacturing facility which will have the capacity to manufacture one million mobile phones per month. The unit, which opened at Fab City in Hyderabad, currently employs 700 people and will increase the number to 1,000 in next two months. Spread over His 19 acres, this is the second manufacturing plant of Bhagati Products Ltd. in India. The company made an initial investment in the unit which also has provision for expansion to manufacture LED TV and other electronic equipment in the…

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Mutual Funds Roll Out Aadhaar Facility for Investors

New Delhi: To make it easier for investors to buy or sell mutual fund products, fund houses are offering the facility of investing in such products by using the Aadhaar number. The investor can invest online in mutual fund products even if the person is not compliant with Know Your Client (KYC) details. The new service will help investors buy or sell mutual fund (MF) products in a simpler and faster way. The move comes after Sebi issued guidelines to change the existing norms for investing in mutual funds. Quantum…

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