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UTI Mutual Fund (UTI MF) entered into an arrangement with Srei Sahaj e-Village to provide village level entrepreneurs as well as other similar category of eligible investors associated with the latter an investment opportunity through a micro-pension initiative under UTI-Retirement Benefit Pension Fund. The micro-pension initiative facilitated by UTI MF and Srei Sahaj aims to provide social security cover to the investors associated with Srei Sahaj during their old age. Under the initiative, the investors will contribute a minimum amount of Rs 200 every month towards UTI-Retirement Benefit Pension Fund which will enable them to receive pension in the form of periodical income when they become 58 years old. As of now, Srei Sahaj is spread across six states viz. Assam, Bihar, Orissa, Tamil Nadu, Uttar Pradesh and West Bengal. Disclosing this to mediapersons at a meeting held in Kolkata, UTI Asset Management Co. group president and chief marketing officer Jaideep

Fremont: Are you an entrepreneur who is funneling all of your money into the business without taking anything out? If yes, then you are making huge money mistake that most young entrepreneurs make usually. In a business, things usually come from all sides, taxes, rent, bills, premiums, personal expenses and running cost of the business. Money issues are the biggest pitfall that entrepreneurs face. If you cannot take care of your finance than your business will suffer. We bring to you few most common money mistakes that entrepreneurs make so that it can help you avoid them. Underestimating the Expenses You remember the obvious expenses like rent, taxes, cost of production and others, but have you added up the cost of marketing that is going to add up to the cost after production? And the cost of advertising? What about the cost incurred in launching your product in the market? Have you added up the cost of free samples that you are going to give to a

SREI Sahaj E village limited (SSEVL) celebrated the success stories of the Village level Entrepreneurs. SSEVL has been in forefront of E-governance sphere not only in Odisha but five other states of India.  It started its operation in September 2008 in the state with an objective of transforming rural Odisha by bridging the rural-urban digital divide and in these three years the company is proud to be able to provide a sustainable business model to over two thousand rural youth. Among these new Village level entrepreneurs, 20% are housewives thereby helping in rural woman empowerment. The company is also proud to connect the remotest parts of Odisha through its technological and human network. With total team strength of 130, SSEVL caters to the need of rural people in its mandated 16 districts by providing host of services with a view to make a difference in their day to day life. About 30 services are now available at Sahaj CSCs(Common service centers) including dig

Audit company, KPMG has given a clean chit to the Kanorias of Srei group in the alleged financial irregularities in tower company Viom Networks. A former company secretary had alleged that the Kanorias had diverted funds to the tune of R s. 300 crore to some private institutions from  Viom, a venture between Tata Teleservices and Srei Group enterprise Quippo.  The company then  appointed KPMG to assess the extent of graft, if any.  At a meeting last week, the top management and board members, including those from the Tatas, told this to employees. Viom Networks declined to comment.   In 2009, the tower businesses of Tata Teleservices and Quippo were merged to form Tata Quippo, now named as Viom Networks, in which the Tatas have a 51 per cent stake and the Srei group owns 18 per cent. But it is managed by the Kanorias of Srei. The company secretary was fired on July 25, following which he made the allegations. Hemant Kanoria, managing director of the Srei grou

Reliance Industries Ltd (RIL) is India`s largest private sector company on all major financial parameters with turnover of Rs.2,00,400 crore (US$ 44,632 million). RIL is the first and only private sector company from India to feature in the 2005 Fortune 2005 Global 500 list of World’s Largest Corporations` and ranks amongst the world’s Top 200 companies in terms of profits. RIL has a long and strong tradition of supporting the larger communities that it connects with - from education, health, drinking water, large-scale development of employable skills, to assistance during natural calamities such as earthquakes and cyclones.The Reliance Foundation would address social development imperatives of India, specifically quality, formal and vocational education, affordable high-quality health care, meaningful rural development and urban renewal, and protection and promotion of India's priceless heritage of arts and culture. Designation: Dhirubhai Ambani Rura

Speaking on the latest trends in the corporate world, CEO of SREI SAHAJ e-Village Ltd. Mr. Sanjay Kumar Panigrahi says that transparency and data are the powerful tools in e-Governance; data is going to decide how you are going to do business. He also said that no business plans are perfect and they need to be changed regularly. He was speaking at the 'Youth to Business Forum 2010' organized by Manipal University in association with CIIE, IIM Ahmedabad and SOIL, India on 18th September 2010 at the TMA Pai Convention Centre. "Entrepreneur is born, not made; you need to find the passion and fire within you , it is better to find it early because, if you fail you can always go back" says Mr. Ashwin Ramesh, CEO OrganicApex, the youngest CEO in India. "Don't do something which you don't understand; to become a successful entrepreneur you should always have the passion and love for whatever you are doing" says Mr. Ramesh. He also said "

April 21, 2010 In a large public gathering Mr Pranab Mukherjee, Finance Minister, Government of India, today announced the disbursement of loan amounting to Rs 1. 25 lakh each to five Village Level Entrepreneurs (VLEs) of Srei Sahaj e-Village Ltd. Srei Sahaj e-Village Ltd is a private sector organization which has taken up the task of providing wide array of government services through the Common Service Centre (CSC) framework across rural India. The loan was disbursed by S. Sridhar, CMD - Central Bank of India at the inauguration of a Central Bank branch by Finance Minister Pranab Mukherjee at Margram in West Bengals Murshidabad district. In the presence of the Finance Minister Pranab Mukherjee, Srei Sahaj CEO Dr. Sabahat Azim, COO Lt. Col. Sinha and CMO Major Ashutosh, Mr. S. Sridhar announced, Central Bank of India and Srei Sahaj have partnered to provide loans to 3,300 VLEs in the state of West Bengal, Bihar and Uttar Pradesh within 3 months. This would be an active step in the im