Wednesday, September 30, 1998
Kotak Mahindra MF set to kick off
Kotak Mahindra Mutual Fund (KMMF), the latest entrant to the mutual fund sector, is planning to launch two of its maiden schemes in the month of November. The two schemes on the anvil are an open-ended Gilt fund (KGilt) and an open-ended growth oriented equity scheme (K30). KMMF is filing papers for the approval of both these schemes with Sebi on September 30.
Tatas, Karnataka govt to review airport project
In a face-saving gesture for the J H Patel government, the Tatas and the Karnataka government have announced today that they would jointly carry out a study to examine ways and means to restore the viability of the Rs 1,500 crore Bangalore international airport project.
BPCL not keen on oil exploration
Oil major Bharat Petroleum Corporation (BPCL) has decided to concentrate on its key strengths of refining instead of going into diversification of exploration and production. The corporation is, however, evaluating the prospects of entering into a joint venture for petrochemicals.
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