Wednesday, July 15, 1998
UTI comes under fire for "ignorance"
The appellate authority has pulled up the Unit Trust of India (UTI) for its ignorance about the widely speculated merger of Hindustan Lever with Brooke Bond Lipton India (BBLIL). The authority judgment stated: "It is difficult to see how an investor like UTI, which has the wherewithal of market research and analysis to advise it in its market decisions, was not aware of the press reports and can claim total ignorance of the impending merger of HLL and BBLIL."
SEBI team to visit BoI Shareholding to probe delay in share delivery
SEBI has decided to send a team of officials to verify the cause of failure on the part of BoI Shareholding to deliver shares on time to custodians. The regulator has also asked Bank of India, BoI Shareholding and the Bombay Stock Exchange to furnish a copy of the audit report on the clearing house carried out by Bank of India.
364-day T-bills notified amount doubled, coupon hike likely
The Reserve Bank of India (RBI) on Tuesday doubled the notified amount at the auction of the 364-day treasury bills from Rs 100 crore to Rs 200 crore. The hike in the 364-day T-bills comes in the wake of a similar hike in shorter maturity gilts last week. The notified amounts of 14-day and 91-day treasury bills were raised to Rs 300 crore and Rs 150 crore, respectively.
|
|
