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Board
members appointed for UTI-I & II
Mumbai: Unit Trust of India (UTI), which is slated
to start operations as two separate entities - UTI I and
II from February 1, yesterday announced the composition
of the boards of directors of UTI Trustee Company and
Asset Management Company (UTI II)
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Dow
Jones up 99 points at close
London: US stocks rose on Tuesday on reassuring
corporate outlooks and better-than-expected consumer confidence
data, but investors stayed cautious ahead of President
Bush's much-awaited State of the Union address.
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Major
setback for US-64 speculators
Mumbai: In a major setback to speculators in US-64,
UTI said those who picked up these units between November
15, '02 and January 20, '03, in the market will not benefit
from the government's special repurchase package.
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Volatile
movement
Mumbai: Bears exerted further pressure during the
initial hours of Tuesday's trading. During the wee hours
of the day's trading, bulls made a strong comeback and
recouped their losses.
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IT&T
gains on order talks
New Delhi: The counter of Delhi-based BPO company
IT&T saw its share price rising sharply on Tuesday.
The stock gained 9.94 per cent at Rs 28.20 on the BSE
with volumes of 43,658 shares. On the NSE, the stock closed
at Rs 28.30, up 10.12 per cent with volumes of 98,393
shares.
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Block
deal on Zee
Mumbai: Bargain hunting in Zee Telefilms saw the
stock register significant volumes on the bourses yesterday.
The counter also witnessed a huge block deal of 52 lakh
shares on the NSE
yesterday.
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RBI
unveils new exposure norms for derivatives
Mumbai: The Reserve Bank of India yesterday issued
a new methodology to measure credit exposure of all-India
term lending and re-financing institutions to derivative
products.
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SEBI
removes 14 more cos from derivatives list
Mumbai: The Securities and Exchange Board of India
(SEBI) yesterday removed 14 more stocks from the list
identified for stock futures and options trading on the
NSE and the BSE.
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