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Hans India
5 hours ago
- Hans India
AP signs 21 MoUs to foster tribal development
Paderu: The Andhra Pradesh government has signed far-reaching agreements with public and private sector organisations to nurture tribal areas in the state. The related Memorandums of Understanding (MoUs) were signed on Saturday in the presence of Chief Minister Chandrababu Naidu during the International Indigenous Peoples' Day celebrations. The partnerships focus on a wide range of areas, including agriculture, forest produce marketing, tourism promotion, and creation of livelihood opportunities for tribal communities. Araku coffee: Tata Consumer Products signed an agreement with the Girijan Co-operative Corporation (GCC) to brand and market organic Araku coffee, giving the product a significant boost in the national market. Expansion of Araku coffee: Besides, ITC has partnered with the Integrated Tribal Development Agency (ITDA), Paderu, to expand coffee plantations by 1,600 hectares. This adds to the existing 4,010 hectares in which ITC already cultivates coffee with local farmers. Coffee Board partnership: The Central Coffee Board signed an MoU with ITDAs to expand coffee cultivation, improve the quality of coffee beans, and promote sustainable farming practices in tribal regions. Rubber cultivation: The Central Rubber Board has tied up with the ITDA of Rampachodavaram to promote rubber cultivation and develop the required infrastructure in the area. Most of the other agreements are aimed at marketing tribal and forest products: The GCC has partnered with Haathi Services LLC to sell tribal products, including Araku coffee, in countries like the USA. This will help GCC launch its retail operations in the United States. Retail partnerships: Trifed and the AP-GCC will jointly establish retail showrooms across India to market tribal products and create employment opportunities. These showrooms will also feature Araku coffee kiosks. Local market support: Agreements were also signed with the GCC and MEPMA to establish Araku coffee kiosks statewide, which will be run by local DWACRA women. Homestay development: To promote tourism, OYO Homes and Homee Huts have partnered with the government to set up homestays in tribal areas. The AP Tourism Forum also came forward to develop a tribal tourism circuit to improve employment opportunities. Skill development: The Maarpu Society signed an MoU to focus on instilling moral values in tribal students. The other agreements include partnerships with Subco for setting up a red cherry fruit ripening and processing unit in Chintapalli, and with Frontier Marketing and Easy Mart to market products made by tribal women in rural areas. The Equip organisation has signed an MoU to develop infrastructure for turmeric production and processing, while the ISB will work with the government to help tribal women's groups sell seasonal forest products.
Time of India
a day ago
- Time of India
Parag Parikh Flexi Cap Fund increases stake in ITC and 11 other stocks in July
Parag Parikh Flexi Cap Fund , the largest active fund and flexi cap fund, increased its stake in ITC and 11 other stocks in the month of July. The fund added around 47.50 lakh shares of ITC taking the total number of shares to 12.21 crore in July against 11.74 crore in June. The other stocks added in the portfolio included Axis Bank , Bharti Airtel , Cipla , Dr. Reddy's Laboratories , EID Parry India , HCL Technologies , HDFC Bank , ICICI Bank , Kotak Mahindra Bank , Power Grid Corporation of India , Zydus Lifesciences . Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Also Read | Raksha Bandhan: Could a mutual fund SIP gift today secure your sibling's future? Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like When the Camera Clicked at the Worst Possible Time Read More Undo It added around 65.70 lakh shares of Power Grid Corporation of India, followed by 31.16 lakh shares of ICICI Bank. The flexi cap fund reduced its stake from IPCA Laboratories and sold 7.45 lakh shares of this stock from the portfolio. Live Events Only one new stock was added in the portfolio in the said period. Motilal Oswal Financial Services was the new entrant in the portfolio and around 5.91 lakh shares were added to the portfolio. The fund did not make a complete exit from any stock in the mentioned time period. Exposure in nearly 15 stocks remained unchanged in July which includes Bajaj Holdings & Investment, Balkrishna Industries, CDSL , Coal India, Indian Energy Exchange, Infosys, Mahindra & Mahindra, MCX , Swaraj Engines, and Zydus Wellness. Parag Parikh Flexi Cap Fund is an open-ended dynamic Equity scheme investing across large cap, mid cap, small cap stocks. The investment objective of the fund is to seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. The scheme shall invest in Indian equities, foreign equities and related instruments and debt securities. Launched on May 24, 2013, the fund had an AUM of Rs 1.13 lakh crore as on July 31, 2025. The flexi cap fund is benchmarked against NIFTY 500 (TRI) and is managed by Rajeev Thakkar, Raunak Onkar, Raj Mehta, Rukun Tarachandani, and Mansi Kariya. Also Read | Over 50 mutual fund SIPs give negative returns in 1 year. Should you pause, redeem, or continue? According to the monthly release by the fund house, the core portfolio consists of equity investments made with a long term outlook and the factors considered while investing are quality of management, quality of the sector and the business (return on capital, entry barriers, capital intensity, use of debt, growth prospects etc) and the valuation of the companies. The endeavor of the fund management team is to identify opportunities for long term investments. 'We continue to look at individual investments on their own merits and will not hesitate to invest if an opportunity looks attractive. As usual, our investment stance does not depend much on the macro-economic situation but is focussed on individual companies. We have about 23.29% in cash holdings, debt & money market instruments and arbitrage positions which can be deployed in long term investments at appropriate levels,' the fund house said.
Economic Times
a day ago
- Economic Times
Parag Parikh Flexi Cap Fund increases stake in ITC and 11 other stocks in July
Parag Parikh Flexi Cap Fund strategically increased its holdings in ITC and eleven other stocks during July. Parag Parikh Flexi Cap Fund, the largest active fund and flexi cap fund, increased its stake in ITC and 11 other stocks in the month of July. The fund added around 47.50 lakh shares of ITC taking the total number of shares to 12.21 crore in July against 11.74 crore in June. The other stocks added in the portfolio included Axis Bank, Bharti Airtel, Cipla, Dr. Reddy's Laboratories, EID Parry India, HCL Technologies, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Power Grid Corporation of India, Zydus Lifesciences. Also Read | Raksha Bandhan: Could a mutual fund SIP gift today secure your sibling's future? It added around 65.70 lakh shares of Power Grid Corporation of India, followed by 31.16 lakh shares of ICICI flexi cap fund reduced its stake from IPCA Laboratories and sold 7.45 lakh shares of this stock from the portfolio. Only one new stock was added in the portfolio in the said period. Motilal Oswal Financial Services was the new entrant in the portfolio and around 5.91 lakh shares were added to the portfolio. The fund did not make a complete exit from any stock in the mentioned time period. Exposure in nearly 15 stocks remained unchanged in July which includes Bajaj Holdings & Investment, Balkrishna Industries, CDSL, Coal India, Indian Energy Exchange, Infosys, Mahindra & Mahindra, MCX, Swaraj Engines, and Zydus Wellness. Parag Parikh Flexi Cap Fund is an open-ended dynamic Equity scheme investing across large cap, mid cap, small cap investment objective of the fund is to seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. The scheme shall invest in Indian equities, foreign equities and related instruments and debt securities. Launched on May 24, 2013, the fund had an AUM of Rs 1.13 lakh crore as on July 31, flexi cap fund is benchmarked against NIFTY 500 (TRI) and is managed by Rajeev Thakkar, Raunak Onkar, Raj Mehta, Rukun Tarachandani, and Mansi Kariya. Also Read | Over 50 mutual fund SIPs give negative returns in 1 year. Should you pause, redeem, or continue? According to the monthly release by the fund house, the core portfolio consists of equity investments made with a long term outlook and the factors considered while investing are quality of management, quality of the sector and the business (return on capital, entry barriers, capital intensity, use of debt, growth prospects etc) and the valuation of the companies. The endeavor of the fund management team is to identify opportunities for long term investments.'We continue to look at individual investments on their own merits and will not hesitate to invest if an opportunity looks attractive. As usual, our investment stance does not depend much on the macro-economic situation but is focussed on individual companies. We have about 23.29% in cash holdings, debt & money market instruments and arbitrage positions which can be deployed in long term investments at appropriate levels,' the fund house said.
