UTI turns big bull, lifts Sensex up 221 pts The Sensex on Tuesday bounced back 221 points on the back of an aggressive buying by UTI. It's perhaps for the first time in recent years that the markets have seen UTI as a big bull, what with FIIs slowing down their activities. US-64 reserves bloat to Rs 2,500 crore The reserves of US-64 is estimated to have bounced back to Rs 2,500 crore as on September 30, 1999. Thanks to a bullish market and the restructuring of the scheme's portfolio, the reserves have shot back to a respectable level. Floor price for steel primes to go from Dec 31 Import floor prices for seven grades of prime steel will be withdrawn with effect from December 31. Meanwhile, the import price bars are being trimmed by 15% to 21%. Koshika's licence revocation will hinge on dues payment -- Sorabjee Attorney General (AG) Soli Sorabjee has recommended revocation of cellular service provider Koshika Telecom's licence provided the company pays up the outstanding licence fee. HSBC weighs NBFC retail assets buyouts India is hot as far as HSBC is concerned. The $497-billion HSBC group is examining the possibility of buying out the retail assets of non-banking finance companies (NBFCs) in the country.
UTI turns big bull, lifts Sensex up 221 pts
US-64 reserves bloat to Rs 2,500 crore
Floor price for steel primes to go from Dec 31
Koshika's licence revocation will hinge on dues payment -- Sorabjee
HSBC weighs NBFC retail assets buyouts