The Indian Express -- Business

Saturday, July 19 1997

FOREX RATES INDICES STOCK

US-64 to be dematerialised

The Unit Trust of India is planning to go in for dematerialisation of its "mother" mutual fund scheme, the Unit Scheme, 1964 (US 64). UTI would dematerialise 50% of its holding in the 36 scrips in which US-64 had a significant holding.

Ispat way of diverting funds, breaking promise

Ispat Industries Ltd, the flag ship of the Ispat group run by the Mittals, has diverted Rs 34.95 crore to five unlisted companies in the group as advances at a time when the company needed huge funds for its expansion and floated a mega rights issue of around Rs 800 crore.

AMC to float Rs 100 cr bond issue

The Ahmedabad Municipal Corporation is poised to become the first civic body in the country to float a bond issue of Rs 100 crore to part finance its unique self-financing Rs 325 crore slum improvement partnership project to be implemented over a period of seven years.

Ferguson likely to be ITC auditor

Torrent stake in AEC to hit 51%

Bid to reactivate Magadh bourse

Sensex loses 69 points

Escorts to go for majority stake in new JVs

New customs rule hits disbursal of duty drawback

EU too drags India to WTO on import curbs

Textile tech fund on the anvil