Banks mull booster dose for UTI -- Concerns mount on future of investments
THE banking sector is preparing to step in for a temporary bail-out of the Unit Trust of India (UTI), even as concerns mount within public sector banks on the future of their investments in the US-64 scheme which has been suspended for six months.

UTI meet to take up small investors' cause
THE Unit Trust of India (UTI) will work out possible alternatives to provide liquidity to investors, particularly small individuals, in its largest scheme, Unit Scheme-1964 (US-64). The proposals may include partial liquidity in terms of restricted repur chase facility to individuals as opposed to corporate investors.

In God they trust
UTI officials organised Satyanarayana puja at their head office at Marine Lines here this afternoon. The acting Chairman, Mr K.G. Vassal, other senior management team and many officials attended the function.

VAT meeting empowers Centre to wield the stick
THE conference of State Chief Ministers on Value Added Tax (VAT) today empowered the Centre to penalise those States and Union Territories which do not comply with the implementation of uniform floor rates by July 31.

WorldTel pulls out of OFC project in TN
WORLDTEL Ltd, the UK-based telecommunications consortium, is withdrawing from the optical fibre cable project in Tamil Nadu, according to official sources.

Bajoria went against takeover code: CLB
THE Company Law Board (CLB) has held that Mr Arun Kumar Bajoria and others, acting in concert, have gone against the provisions of Regulation 7 of the Take Over Code by not disclosing their acquisition beyond five per cent shares in Bombay Dyeing & Mfg. Company Ltd.

No place like home for the IT pro
BANKS and housing finance companies are leery of lending to IT professionals. While some have stopped lending to the latter altogether, others have come up with additional eligibility criteria and rigorous appraisals.

Page One | Index | Home

Investment World

News Update

Brand Quest

Canvas


Praxis

Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line.