SAIL is a management disaster
The management of the Steel Authority of India Limited (SAIL) seems to be a totally confused lot in the face of strong public criticism of its poor performance last year and continued bad showing this year.
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Signal of confidence
The UTI's performance for the year up to June 30, 1997 has been better than expected. In UTI's largest scheme, the US-64, redemptions have been much lower than before. This has emboldened UTI not only to maintain dividend on the Unit-64 scheme, but also to hike its repurchase price.
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