Friday, April 23, 1999
PNB Mutual plans to launch MMMF; balanced fund on the cards
PNB Mutual Fund will stage a comeback in the mutual fund market after a gap of three years with the launch of three funds on May 10. The Delhi-based asset management company has Sebi's approval for the launch of an open-end debt and balanced funds.
Sinha's exit from North Block may melt gold bond scheme
Former finance minister Yashwant Sinha's brainchild 'gold deposit scheme' is likely be given a silent burial as clouds of political uncertainity loom large over new Delhi.
Systems failure forces SISL to close DP operations
The National Securities Depository Ltd has slammed Shriram Investment Services for failing to create a back-up facility resulting in the DP ceasing operations forthwith. NSDL has also decided to request other depository participants not to charge any fee from the 300-and-odd clients of SISL seeking to transfer their holdings.
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