To encourage wider participation from retail investors, stock exchange BSE on Friday said it will launch incentive scheme for trading members in non- competitive bidding of G-sec (government security) and T-bills (treasury bills) with effect from November 19.
The scheme would be launched initially for six months and would be based on the total value collected and number of unique clients introduced by trading members in a month.
BSE had launched non-competitive bidding in G-sec and T-bills from April 24 after taking necessary approvals from Sebi and RBI for collecting bids from retail investors. ***************** IIFL Wealth Management to distribute Amex platinum cards *
Wealth management firm IIFL Wealth Management on Friday said it has partnered with the world's largest card issuer by purchase volume American Express to distribute the latter's platinum cards to to meet the needs of its high networth clients.
IIFL Wealth Management is the investment and financial advisor to more than 12,000 influential families in the HNI and Ultra HNI segments, aggregating more than Rs 140,000 crore of assets under advice, distribution and custody. ******* Home security solution Biizlo raises $500,000 in angel funds *
App-based home security management solution Biizlo on Friday said it has raised USD 500,000 in its first angel round from city-based Eagle Group, a security and personnel services provider.
With the recently acquired investment, Biizlo plans to exponentially increase sales on a realigned growth strategy in terms of operations, marketing and technology, it said in a statement.
"Currently, we have deployed in Mumbai but targeting pan-India over the next 12 months and will have presence in some key cities such as Pune, Hyderabad and Bangalore. Venturing into this untapped market helps us to infer that there is a higher potential to it than what we have projected. We are targeting 1000 societies to register for the solutions and over 1 lakh families to use the app," Biizlo founding partner and chief executive officer Nishant Katyal said.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)