Saturday, July 3, 1999
US-64 dividend cut to Rs 1.35 a unit
The Unit Trust of India has declared a tax-free dividend of Rs 1.35 for Unit Scheme-64 for 1998-99. This works out to a yield of 9.64% on last year's July sale price of Rs 14. Last year.
Vajpayee clears cabinet note on telecom
The Government has dropped the proposal imposing a five-year lock-in period on promoters' shareholding in private telecom service companies from the final Cabinet note which has been cleared by Prime Minister AB Vajpayee.
Hearing on HLL insider trading case postponed
The prosecution proceedings initiated by Sebi against Hindustan Lever's (HLL) top past and present officials in the insider-trading case before a metropolitan court has been adjourned to September.
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