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Essel MF decides to bear GST for its distribution partners

Press Trust of India  |  Mumbai 

Essel Mutual Fund today said it will bear the 18 per cent on behalf of fund distributors.

The move would help insulate distributors against the impact of GST, Essel said in a statement.

The offer would be available on all present and future schemes of Essel Mutual Fund, till March 2019.

************* Axis Sec gets registered on exchange platform *

With Axis Securities taking membership of the agri-commodity exchange National Commodity and Derivatives Exchange (NCDEX), the commodity market space has registered the first ever broking arm on its platform.

Till recently the financial regulator had not allowed any institutional investors including banks, to participate in agri derivatives space.

"We will focus to penetrate clients for agri and non-agri commodities business across the country, especially from semi-urban & rural pockets of India," Axis Securities managing director Arun Thukral said. ************************** Peru seeks Indian in hydrocarbon, mining, agri *

Latin American country Peru, with the fastest GDP seeks Indian in manufacturing, hydrocarbon, mining, agri and agro-processing sectors with low custom tariffs and open investment regime, Embassy of Peru in Commercial Counsellor Luis Cabello said here.

is one of the biggest importers of oil and gas from Latin America and is one of the largest exporters of steel, automobile, IT and pharmaceutical products. The bilateral trade between and Peru is more than USD 1700 million in 2016-17, which has a great potential to expand, he said. **************** Tata Motors partners with financiers for 100% funding schemes *

Auto major Tata Motors today said it has partnered with leading financiers and banks to offer up to 100 per cent funding through various finance schemes for buying a Tata car.

As part of its Mega Offer Max Celebration campaign, launched today, the customers can drive home a Tata car at a down payment of just Rs 1, a release said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, December 04 2017. 19:15 IST