MFs add 40 lakh folios in AprI-July period

New Delhi

Mutual fund houses saw a surge of over 40 lakh investor accounts during the first four months of this fiscal, taking the total count to an all-time high of 5.94 crore on strong participation from retail investors. This comes following an addition of 77 lakh folios in the entire 2016-17 and 59 lakh in 2015-16. PTI

New Delhi
Qatar Airways, Vistara ink partnership pact

Persian gulf carrier Qatar Airways on Tuesday entered into an interline partnership with Vistara, under which customers of the two carriers will have seamless travel to and from India to over 150 destinations. The partnership is effective from Monday, Qatar Airways said. TNS

New Delhi
Ola partners Google to add ‘Outstation’ cabs

Cab aggregator Ola has partnered Google for its ‘outstation’ category. “Commuters travelling between cities will now be able to discover Ola Outstation, a smart mobility solution for inter-city travel on Google maps for mobile, thereby, directing customers to the Ola app to conveniently complete the booking,” the companies said. pti

Chandigarh
Max Life cuts unclaimed overdue amount

Max Life Insurance has been able to reduce unclaimed overdue amount to customers to just Rs 50 crore as on March 31, 2017 as compared to Rs 213 crore a year ago. This is possibly the lowest in the industry wherein unclaimed overdue to customer has increased to Rs 10,469 crores as on March, 2017. TNS

Chandigarh
Umrotkar appointed CEO of Carnival Cinemas

Multiplex chain Carnival Cinemas on Tuesday announced the appointment of Mohan Umrotkar as its Chief Executive Officer. He takes over from PV Sunil who has been elevated as the Managing Director for the company.  TNS