US-64 VALUED FAR BELOW BOOK
Article Abstract:
The market value of investments of Units Scheme 1964 (US-64 - flagship scheme of Unit Trust of India) has been estimated at Rs14,125 crore against the book value of Rs19,040 crore at the end of December 1998. During 1997, the market value stood at Rs18,087 crore against book value of Rs18,298 crore. The scheme has announced a negative reserve of Rs2,597 crore (negative Rs1,098 crore at the end of June 1998). During the year ended December 31, 1998 the scheme has lost Rs5,843 crore (scheme had a positive reserve of Rs3,246 crore at end of 1997). The scheme has a equity exposure of Rs15,189 crore which is 23 percent higher compared to Rs12,329 crore in 1997. The scheme's government securities' holdings dipped from Rs1,886 crore to Rs272 crore. The dip in the reserves is attributed to dividend payments for the year ended June 30, 1998. (um)(psr)
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:
STIR COSTS BPL $18 M IN EXPORTS
Article Abstract:
The BPL group has registered losses in exports of $18 million due to the continuing labour unrest in its Bangalore units. The loss was mainly because the demand for colour monitors and colour televisions (CTVs) could not be met in the busy Christmas season. The production of CTV components and printed circuit boards was affected and BPL was forced to resort to imports. The output of CTVs and components fell by 40-50 percent in its Bangalore units. BPL has shifted 25 percent of its production activities from Karnataka to its units at Palakkad in Kerala and to Noida. (khr)
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: BHARAT FORGE - STRENGTHS TO THE FOR(G)E FORGING AHEAD IN EXPORTS AMFORGE INDUSTRIES (AMFORGE)
- Abstracts: VOLUMES MAKE THE DIFFERENCE. SOUR STRAWBERRIES. HEINEKEN TO GO SLOW ON INDIAN BREWERY PLANS
- Abstracts: LIES, DAMNED LIES AND CEMENT STATS. VIKRAM SETS THE CAST FOR REVAMP II. L&T EYES ACQUISITIONS IN BID TO AUGMENT CAPACITY
- Abstracts: IOC CLEARS RELIANCE PETRO, ESSAR OIL JVS. KARNATAKA TELECOM CIRCLE COMMISSIONS 3 MORE NODES
- Abstracts: GIC GIVES A FREE HAND TO SUBSIDIARIES, PERSONNEL-LY LIC SETS UP EQUITY RESEARCH UNIT. GIC FIGURES MAKE A CASE FOR REFORM