Thursday, November 5, 1998
Unit Trust keeps the faith, mops up Rs 400 cr via October US-64 sales
The beleaguered Unit Trust of India has stunned the market by mobilising Rs 900 crore through fresh sales in October. This marks a 51% rise over the Rs 460 crore it had collected a year ago.
Air India defers Rs 100-crore issue till January
Air India has decided to defer its Rs 100-crore bond issue by two months to January 1999. The move is likely to complicate the financial woes the carrier is already facing.
1:1 swap set for 20th Century Finance, Centurion merger
The boards of 20th Century Finance Corporation Ltd (TCFC) and Centurion Bank Ltd (CBL) have approved the scheme of amalgamation for the merger of the former's operating business with the bank.
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