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

UTI hikes US-64 dividend to 13.75%

The Unit Trust of India hiked the dividend on its flagship scheme US-64 marginally to 13.75% from 13.50% while fixing the sale and repurchase price at Rs 13.50 and Rs 13.20 respectively for July.

Mesco promoter Rita Singh arrested

Rita Singh, the high-profile promoter and managing director of the Mesco group, was arrested by the Central Bureau of Investigation on charges of fraud, forgery and cheating.

Spic charts out fresh restructuring plan

Spic has drawn up a fresh restructuring plan under which the pharma and biotech divisions are proposed to be hived off into three different companies or joint ventures as against the two planned earlier.

NLD telephony guidelines to be ready within a week -- Paswan

Government on Monday said that the guidelines for opening national long distance (NLD) telephony to private players would be formulated within a week while hinting at opening of international long distance before 2004.

Bhai Mohan mulls legal action against Ranbaxy

Ranbaxy Laboratories' founder and chairman emeritus Bhai Mohan Singh is contemplating legal action against the company if it continues to dither on the implementation of a 1994 arbitration award on the family settlement agreement which his late son and chairman Parvinder Singh had promised to follow.