Tuesday, December 1, 1998
Unit Trust cup of woes runneth over; 39 schemes' reserves turn negative
It is not just the US-64 scheme which has seen its reserves dip into negative terrain. As on June 30, 1998, as many as 39 schemes of UTI had negative reserves totalling Rs 2,014.631 crore.
Radhakrishnan takes over as SBI chief; Verma spurns 6-month extension offer
State Bank of India managing director MP Radhakrishnan has become the new chairman at the country's largest commercial bank after Maya Shankar Verma declined to accept a six-month extension offered by the prime minister's office.
Ministry asked to draw up Airports Authority corporatisation blueprint
The prime minister's office has asked the civil aviation ministry to prepare a blueprint for corporatisation of the Airports Authority of India (AAI) and also a regulatory framework to facilitate entry of private sector.
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