The Hindu Business Line : Monday, September 26, 2005

Transfer deal: No more Govt nominees on UTI MF board
Sponsors to appoint all 8 directors
THE Government will soon step aside from guiding the fortunes of the country's largest mutual fund - the UTI Mutual Fund. The Ministry of Finance is understood to have agreed that after the deal to formalise the transfer of the mutual fund ... More

Debates still continue on regulating distributors
THE debate on the scope of regulating distributors of mutual funds refuses to end in a whimper, not when the issue has already touched a raw nerve, and definitely not when most people tracking the asset management industry have a strong opinion ... More

STOCKS

Gangotri Textiles: Shareholders okay bonus, stock split
SHAREHOLDERS of Gangotri Textiles Ltd have approved the move to award a 1:1 bonus issue and also go for a 2:1 stock split (two shares of face value of Rs 5 for every share of face value of Rs 10). The latter move is to provide greater ... More

STOCK MARKETS

Benchmarks may shrivel a bit
The settlement of derivatives contracts on September 29 may exert downward pressure on cash segment. More

ICICI Bank, HDFC Bank, Tata Motors hit new high
AFTER killer Katrina, it was the turn of Hurricane Rita to spoil the mood for the US equities, as it slammed the Texas and Louisiana coastline and once again igniting fear on oil price front. Following this, the S&P-500 Index declined 1.8 per ... More

Market scam?
The Finance Minister has reassured us that the central bank, the Finance Ministry and SEBI are carefully watching the market activities. Hence, we can conclude that the Sensex is passing through a good time and that it may even hit 10,000 by the ... More

Fear can't be banished, but it can be calm
Jogin was studying about the Mithi river management, after having seen the devastation that flooding can cause. Khan was trying to read between the lines of what the PM had said about the media. And Dakshinamoorthy sat analysing the Mukta Arts ... More

INTERVIEW

`Investors should at all times be on their toes'
MR RAVI Mehrotra, President, Franklin Templeton India, isn't really a man who gushes over things at the drop of a hat, however close to his heart these might be. Instead, he speaks in his usual measured tones about issues he is known to be most ... More

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