No dividend for US-64
Unit Trust of India today decided not to declare a dividend for its flagship scheme US-64 for the year ending June 30, 2002.

The board of trustees, which met today to review US-64, said the dividend was not possible because the Government had been providing budgetary support to the unit holders to the extent of gap between the net asset value (NAV) and the repurchase price decided on July 15, and effective from August 1, 2001.
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SEBI-NIC set up data system
The Securities and Exchange Board of India in association with the National Informatics Centre (NIC) has set up an electronic data information filing and retrieval (EDIFAR) system to facilitate filing of certain documents/statements by listed companies on-line on the regulator's web site.

This system was being introduced in a phased manner and would be applicable to leading 200 companies covering all sectors, including ICICI Bank, Bajaj Auto, Bank of Baroda, Infosys, Britannia Industries, Castrol India, CMC, Dr. Reddy's Laboratories, Grasim Industries, HDFC Bank, Hindutan Lever Ltd., State Bank of India, Sterlite Industries and Videsh Sanchar Nigam Ltd. (VSNL), SEBI said in a circular here today.
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Sensex drops 21 points
After a moderate recovery yesterday, the Sensex once again ended lower by over 21 points following fresh sell-off in key IT counters by foreign institutional investors on the Bombay Stock Exchange today.

The BSE benchmark 30-share index opened marginally up at 3268.10 and later fluctuated erratically in a narrow range of 3268.10 and 3232.66 before ending at 3242.75 against 3264.02, netting a fall of 21.27 points. The broad-based BSE-100 index moved down by 8.15 points to 1653.28 from 1661.43.
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Trent glows again
The retailing company of the Tata Group, Trent Ltd, is back in the limelight, with the stock moving up on both the BSE and NSE on Friday. Dealers said that rumours of the management planning to hike its stake in the company are once again doing the rounds. Given that the Tata Group is bullish on retail business, the stock witnessed sustained market interest. While the uptrend is not very sharp, a leading fund is said to have bought Trent shares. The stock closed at Rs 159.10, up around 2 per cent, on the BSE with volumes of 20,220 shares.
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