Financial Express - India's leading business newspaper from the Indian Express Group

Unit Trust weighs options to hike US-64 dividend a shade

UTI has kept open the option of hiking the dividend of US-64, albeit marginally. It has been widely perceived in the market that the Trust would maintain the dividend under its flagship scheme at 13.5% or Rs 1.35 per unit. The Trust will announce its annual results on Monday.

RIL raises BSES open-offer price to Rs 255 a share

Reliance Industries Ltd (RIL) on Friday announced an upward revision in the open offer price for power utility major BSES to Rs 255 per share from its earlier offer of Rs 234.60 per share.

EPF rate cut to 11 per cent

Rates of employees provident fund (EPF) has been brought down to 11 per cent from 12 per cent with effect from April 1, 2000, official sources said on Friday.

GDP growth rate slides to 6.4% in '99-00

The gross domestic product (GDP) growth rate during 1999-2000 decelerated to 6.4 per cent from 6.8 per cent in the previous financial year.

ICICI Ventures picks 8.5 per cent stake in Microland's IT space

ICICI Ventures, the venture funding arm of ICICI has picked an 8.5% equity stake in ITspace, the Microland Group promoted IT specific vertical site, according to the vice-president, Strategy, Sara Vetteth.