Business Corner

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ESI awareness scheme for contract workers

Odisha State ESI Insured Association and Nalco Employees Forum, jointly organised an awareness programme for the contract workers to make aware the various provisions under Employees State Insurance (ESI). The programme was organised at the Nalco Mahanadi Nivas Auditorium, here at Bhubaneswar, on Monday. Gracing the inaugural ceremony as the chief guest, Dr Tapan Kumar Chand, CMD, NAlCO, released an awareness booklet in the presence of several officials.

S Balakrishanan appointed as bhel Director

On his appointment as Director on the Board of Bharat Heavy Electricals limited (BHEl), S Balakrishanan, 57, has assumed charge as Director (Industrial Systems & Products) of the Public Sector Engineering and Manufacturing Enterprise. Prior to this, as Executive Director, he was heading the Heavy Power Equipment Plant (HPEP), Ramachandrapuram — one of the major units of BHEl at Hyderabad. Earlier he was heading the company’s Industrial Products (Electrical & Mechanical) business at Industry Sector, Delhi, as General Manager in-charge.

Swachchhta Pakhwada in POWERGRID’s N Region-I

As part of Government of India’s “Swachchh Bharat Abhiyaan”, to promote cleanliness and create awareness among the citizen about health and hygiene “Swachchhta Pakhwada” was organised from May 16 to 31 in POWERGRID’s Northern Region- I Head Quarter, Katwaria Sarai, New Delhi and in all the Sub-stations & establishments across the region. During this Pakhwada the employees taken pledge to keep their work place and surroundings neat & clean and participated in cleanliness drive. A Swatchhta Awareness Campaign was conducted at the NDMS Primary School, Katwaria Sarai to sensitise the young generation about importance of cleanliness and hygiene.

IGl SIGNS MOU WITH PETRONET lNG

In a step towards achieving the Government’s vision of developing India into a gas based economy, Indraprastha Gas limited (IGl), the largest CNG distribution company of India, yesterday entered into a Memorandum of Understanding (MoU) with Petronet lNG ltd. (Pll), one of the fastest growing energy company in liquefied Natural Gas (lNG) chain, for setting up of lNG infrastructure in India & abroad apart from working out the possibilities of bidding jointly in upcoming GA’s proposed by PNGRB.

ICICI Pru Baf: suitable fund for core portfolio

The markets off late has been very volatile due to multiple domestic and global factors. This was accompanied with sharp corrections in several pockets, a development which investors who entered the market over the last three year have not seen. Therefore, it is natural to get apprehensive about investing in such a market. But what if there is product designed to take advantage of such volatilityIJ Because, when it comes to equity investing one can’t wish away volatile markets.This is where ICICI Prudential Balanced Advantage Fund (BAF) comes into the picture. The fund has been a pioneer in the Balanced Advantage category of schemes and has a stellar track record. launched in November 1999, the Fund as of April 30, 2018, has assets under management (AUM) tallied at Rs 27,123crore, and is the largest in its category. The fund is jointly managed by SankaranNaren, Atul Patel (equity portion) and Manish Banthia (debt portion). Over the last few years, the popularity of the fund has shot up among retail investors. This is mainly on account of the stability in the returns generated and the defensive nature of the product which make it an ideal investment choice for investors with moderate risk appetite.

Daily Pioneer
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