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

US-64 reserves rocket 2500% to Rs 3,492 crore in last fiscal

UTI's flagship scheme US-64 has shown a mindboggling growth of more than 2500% in its reserves and surplus to Rs 3,492 crore during the year ended June 2000, up from Rs 130 crore in the last year.

Panel may make changes in code for indirect takeovers

SEBI-constituted PN Bhagwati panel on takeovers may make some changes in the code in the areas of indirect takeovers of foreign companies which hold majority stakes in India, and inter-se transfers between promoters.

Zee Network -- hacked or up for cyber-blackmail?

The scene of the crime: www.zeetv.com. The heinous act: Hacking—allegedly. The clues: A stream of vitriolic slogans which hector the hacking of Zee TV's site by alleged Kashmiri separatists.

Cabinet committee on security clears A-I, IA disinvestments

Disinvestment in Air-India and Indian Airlines received a major fillip with the clearance of security-related issues. At its meeting on Monday, the cabinet committee on security okayed the privatisation of the A-I and the IA.

Central coordinating outfit for GIC subsidiaries formed

General Insurance Association (Public Sector) (Gipsa), the new central coordinating outfit for the erstwhile subsidiaries of GIC -- New India Assurance, United India, Oriental Insurance and National Insurance -- which are now independent companies by themselves, was formed on Thursday.