Kirloskar Pneumatic debt downgraded
Credit Analysis & Research Ltd (CARE) has downgraded the Rs 4 crore non-convertible debenture (NCD) programme of Kirloskar Pneumatic Co Ltd (KPCL) from double-A to A+.

Investement in state-run firms' stocks caused chunk of US-64 depreciation
UTI chairman PS Subramanyam has said that "a major part" of the trust's US-64 portfolio depreciation was caused by investments in PSU stocks like ONGC, Indian Oil Corporation, State Bank of India, Bharat Earth Movers, Shipping Corporation, IDBI and Sail.

FIIs swirl around to make strategic purchases
Corporates beware. The ongoing controversy regarding the US-64 has brought foreign fund managers sniffing for possibilities of strategic purchases of blue chip and other stocks from a beleaguered UTI.

  Commodity Briefing
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