IDBI, BAJAJ GO IN FOR BIG US-64 REDEMPTIONS
Article Abstract:
The Industrial Development Bank of India (IDBI) and Bajaj Auto (BA) have decided to redeem their units worth Rs330 crore of the US-64 scheme of the Unit Trust of India (UTI). IDBI and BA plan to redeem units worth Rs200 crore and Rs130 crore respectively. UTI has suffered a depreciation of Rs3,566 crore and a negative balance of Rs1,098.49 crore in its reserves. The redemption totals Rs700 crore in October 1998. (rk)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
LIC'S INVESTMENTS IN EQUITIES SHOOT UP TO Rs1,907 CR
Article Abstract:
Investments in equity shares by the Life Insurance Corporation of India (LIC) were Rs1,907 crore in the first 9 months of 1998- 99. Such investments were Rs1,100 crore in the entire 1997-98. Investments in equities forms nearly 11 percent of its total incremental investments of Rs17,585 crore made during the first 9 months of 1998-99. It aims to invest Rs2,000 crore in equities in the entire 1998-99. (um) (kvr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: GOVT TO ACQUIRE LAND IN MYSORE FOR INDUSTRIAL AREAS NOVO NORDISK TO FUND ENZYME PROJECT OF MYSORE VARSITY
- Abstracts: UNITED TELECOMS LIKELY TO BAG APSWAN PROJECT SPICE POSTS Rs7.5-CRORE LOSS IN FIRST EIGHT MONTHS
- Abstracts: GRANARIES OVERFLOWING, INDIA FACES A PROBLEM OF PLENTY. INDIA'S RICE EXPORTS DOUBLE, TOUCH 2.97 M T
- Abstracts: CENTRE TO AMEND MRTP ACT TO MATCH CORPORATE NEEDS. NO TAX ON BUYBACK INCOME
- Abstracts: YBL TO HANDLE MATHURA REFINERY'S OFF-SITE AUTOMATION. ORACLE, CAG CLOSE DEAL FOR LICENCES. SBI SANCTIONS Rs200-CR `GENERAL' LOAN TO ITC