The Calcutta Stock Exchange on Thursday signed a memorandum of understanding with Magadh Stock Exchange for expansion of C-star on-line trading of CSE to benefit the investors of Patna. CSE president Kamal Parekh, said that this would provide transparent trading at an attractive cost structure.

Prudential ICICI declares dividend

Prudential ICICI AMC has announced a maiden dividend for the Income Plan. They have declared a dividend of 10.8 per cent for the dividend plan and 18 per cent growth plan. As a result, there would be two NAVs of the scheme.

Cheque-writing facility offered

Kothari Pioneer Mutual Fund (KPMF) has become the first mutual fund in the country to offer cheque writing facility to the investors in its money market mutual fund (MMMF). KPMF has tied up with ABN Amro for the purpose and hopes to attract high net worth retail investors into its MMMF.

FDI inflow picks up in 1999: Study

Foreign Direct Investment inflow haspicked up in 1999 at US$2.38 bn during January-March even as core sectors have bagged over half the FDI since liberalisation took off in 1991, a CII study said.