SEBI panel for lower demat charges for small investors
Mumbai: A Securities and Exchange Board of India (SEBI) committee has recommended that small investors be charged in proportion to the value of the trades and not on a per transaction basis. The depository participants should not also levy on them account maintenance and demat charges, the committee has suggested.

The report, now placed for public comments, suggests the definition of small investor to be one who buys or sells securities worth Rs 50,000 or less on any business day. There could also be a cap on maximum transaction in a financial year to qualify as a small investor.
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UTI's MIP-95 holders get additional payouts
Mumbai: The special undertaking of the Unit Trust of India (SUUTI) has decided to distribute additional payout, post-maturity, to the unit-holders of MIP-95. The payout will be at the rate of Rs 0.53 per unit on the monthly income option and Rs 1.30 per unit under the cumulative option, says a company press release.

This is the second additional payout after the scheme matured on June 30, 2002. Earlier, in November 2002, the scheme had distributed a pay out of Rs 0.46 per unit and Rs 1.13 per unit under the monthly income and cumulative options, respectively.
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Hindustan Inks is back in favour
Mumbai: The counter of Hindustan Inks and Resins is back on the buy list of select market players, says a report. On Tuesday, the stock gained 7.11 per cent at Rs 627.40 on BSE with volume of 23,823 shares and on NSE it closed at Rs 624, up 5.92 per cent with volume of 33,520 shares.

Dealers said these players have turned bullish on the counter after the company's analyst meet last week. The talks are that the company is focusing its printing inks business in the US through its US-based subsidiary Micro Inks. The current capacity utilisation of Micro Inks is around 35 per cent and in the next three years, the company is planning to have 100 per cent capacity utilisation.
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