Tag Archive for understanding

Axis Mutual Fund Signs Memorandum of Understanding (MoU) with NISM to Promote Financial Literacy

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Mr. Milind M. Vengurlekar, Senior VP operations along with the teachers and the students of Delhi Public School, Varanasi

Axis Asset Management Company Ltd. (An investment manager for Axis Mutual Fund) is one of the leading Asset Management Company, signs MoU with National Institute of Securities Markets (NISM), a prominent institution for teaching and training in securities market, to promote financial literacy in the country.

With reference to MoU, NISM has designed a unique ‘Financial Literacy Certification Program & Mutual Fund Investor Awareness Program’ that is targeted at high-school students (studying in Class Vlll, lX & X) to promote the habit of savings, budgeting, financial planning and investing amongst the school students. We plan to reach around 150+schools with over 25000+ students in next one year.

This MoU envisages to conduct program in schools across the country with a special focus on district adopted for financial literacy by AXIS Mutual Fund under the District Adoption Program (DAP) of AMFI covering districts like Varanasi, Alleppey, Darjeeling, Hissar and Sambalpur. The list of districts is not exhaustive and the programs can be extended to schools in any district of India on the basis of mutual agreement.  Read more

Al-Futtaim and PVR signs a Memorandum of Understanding to establish a Joint Venture cinema business in MENA

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Al-Futtaim, one of the most diversified and progressive privately held regional businesses headquartered in Dubai, and PVR Limited, the largest and most premium film exhibition company in India have signed a Memorandum of Understanding to explore opportunities for jointly developing a cinema business in the MENA region. The joint venture will introduce a collection of unique experiential cinema formats to the region including, PVR’s Director’s Cut, a format that blends the best in high-end hospitality and entertainment.

“We see great potential in the cinema business in the region, and particularly in Saudi Arabia, following the government’s decision to reopen the cinema industry,” said Marwan Shehadeh, Group Director, Corporate Development at Al-Futtaim. “PVR is the perfect partner for Al-Futtaim, given its 20 years’ proven track record of operating and creating experiential cinema formats, catering to customers looking for best in class experiences. To begin with, we have already identified locations in Al-Futtaim real estate developments such as Dubai Festival City and Festival Plaza in Dubai and are in discussion with landlords to secure other locations in Dubai and the Kingdom of Saudi Arabia.” Read more