UTI chief quits, Vassal in charge -- Package for exiting US-64 investors
THE Government on Wednesday set in motion a series of damage-control measures, following the US-64 fiasco by forcing the exit of the UTI Chairman, Mr P.S. Subramanyam, followed up by a directive to the UTI management to work out a scheme to provide liqui dity to retail investors, during the six-month period when the sales and repurchase window will be closed.

Plan to revamp UTI board of trustees
THE purge in the Unit Trust of India is now expected to cover its board of trustees with a revamp planned shortly.

UTI staff taken by surprise
FOR Unit Trust of India (UTI) employees, Wednesday was not just another day at office. They were taken by surprise when, on coming to office, they came to know that their Chairman, Mr P.S. Subramanyam, had been asked to resign.

Panel to select new chairman
THE Government is expected to kick off the process of the selection of a new Chairman for the Unit Trust of India, involving a search committee.

Preventing `punching errors' -- SEBI for new checking system
REACTING sharply to `punching errors' in various stocks over the past two days, the Securities and Exchange Board of India (SEBI) today called for the immediate introduction of an order verification system by the bourses.

Nicholas Piramal, Reckitt Benckiser dissolve venture
NICHOLAS Piramal India Ltd (NPIL) and Reckitt Benckiser India Ltd (RBIL) have dissolved their joint venture company Reckitt Piramal Ltd. However, a strategic alliance will remain between the two companies.

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.