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Bond option for UTI assured return schemes
THE Government today said that investors in all assured return schemes of UTI would have the option of getting the payout on maturity in cash or in the form of seven per cent tax-free Savings Bonds 2002. The Joint Secretary, Capital Markets, ...
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US-64 to be split into 2
THE board of trustees of the Unit Trust of India (UTI) today decided to split its flagship fund, Unit Scheme-1964 (US-64), by carving out a Rs 181-crore corpus comprising investments of unitholders who came aboard after January 2001. US-64's ...
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Onkar Kanwar takes over at Apollo Tyres
MR Onkar Singh Kanwar has taken over the mantle of Apollo Tyres following the retirement of its present Chairman, Mr Raunaq Singh. The 29th annual general meeting of shareholders here on Thursday formally elected him as the next head of the ...
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Credit policy on Oct 29
THE Reserve Bank of India will announce its mid-term review of the monetary and credit policy on October 29, the RBI said today. While a section of the market is expecting reduction in interest rates, there are others who bet on the central ...
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BPL Engineering shuts down `service division'
IN a significant move, BPL Engineering Ltd, the Rs 148-crore manufacturer of various components, has decided to shut down the operations of its `service division'. The company is currently into the manufacture of compressors, washing machine ...
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BILT suspends operations at Orissa unit
A COMMITTEE of Directors of Ballarpur Industries Ltd (BILT) today decided to suspend operations at Unit Choudwar (Orissa) with immediate effect. This unit is one of the five units of the company. The total production at Choudwar unit for the ...
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SEBI amnesty scheme for errant cos
HERE'S an amnesty scheme from the Securities and Exchange Board of India for errant corporates and their promoters! SEBI has given a three-four months' time for companies or shareholders, which have failed to make disclosures under the takeover ...
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New syllabus for IIT entrance exam next year
THE Ministry of Human Resource Development is planning to review the syllabus for the joint entrance examination for the IIT entrance examination to be held in April next year. A Ministry official told Business Line that the new ...
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