Monday, November 2, 1998
Unit Trust cites a sleepy debt market, shelves plan to trim US-64 exposure
The Unit Trust of India has abandoned its earlier plan to prune the equity portfolio of its flagship US-64 scheme. The current thinking is that an equity exposure of up to 66% is all right considering that returns on equity in the long run are better.
SEBI move to ease depository participant charges draws flak
SEBI'S move to push the National Securities Depository Ltd (NSDL) to bring down costs for brokers to become depository participants has come under sharp attack from some prominent members of the working group on depositories.
Groundnut oil crashes on new crop arrivals
New crop arrivals and lack of demand send groundnut prices reeling down in during the week to Rs 427 per ten kilogram on Saturday compared with the all-time high of Rs 635 two weeks ago.
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