UTI sounds SEBI on stock exchange route
THE Unit Trust of India (UTI), in a bid to offer an exit route to US-64 investors, has approached the Securities and Exchange Board of India (SEBI) to allow retail investors to unload their units through the stock exchange route.

First deal struck at Rs 10.50
IN a proactive move, the Delhi Stock Exchange (DSE) has come up with an innovative exit route for US-64 investors by opening a separate window in its equity section for physical trading in US-64 units.

BPL allots Rs 99-cr NCDs to ICICI
BPL Ltd, the consumer electronics giant, has allotted non-convertible debentures (NCD) to ICICI Ltd aggregating Rs 99 crore.

Prasar Bharati rejects all three bids for DD Metro prime slot
THE Prasar Bharati board decided to reject all the three bids received for the prime slot on DD Metro and instead begin acquiring programmes.

Forex reserves up $ 117 m
FOREX reserves of the country have risen by $ 177 million to $ 43.455 billion for the week ended June 29, 2001 as compared to $ 43.278 billion in the previous week, according to the Weekly Statistical Supplement (WSS) of RBI.

Pact on Grasim unit closure
AN agreement has been reached for the closure of Gwalior Rayons unit at Mavoor, near Kozhikode, and for the payment of compensation to the employees.

Ashok Leyland cabin project at Hosur
ASHOK Leyland has undertaken a Rs 140-crore project for putting up facilities at its Hosur plant for making cabins for the company's commercial vehicles.

Rate war in software industry?
THE present quarter (July-September) could easily see the beginning of a rate war in the software industry. Forget small and medium companies, even giants such as Infosys, TCS, Wipro and Satyam -- who would not budge from their proposed rates last year - - are now climbing down and willing to ``negotiate,'' said industry sources.

`Take stock of the market en route to US-64 bail-out'
THE success of the decision of the top brass of the UTI to formulate a scheme to provide an exit route to small investors, hit by the move to freeze the sale and repurchase of units under US-64, hinges on a host of factors, according to market analysts.

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