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Market Briefing
Birla Income Plus declares 2.7 % dividend
Birla Mutual Fund has declared a gross dividend of 2.775 per cent for the quarter ended December 15, 1999 in the dividend plan of its flagship debt fund Birla Income Plus, after a payment of 11 per cent tax on this dividend by the fund. The unit holder's will receive a net tax-free dividend of 2.50 per cent. Birla Income Plus is India's largest open-ended debt scheme with assets under management in excess of Rs 1,800 crore from over 40,000 investors.Survival kit before taking the It plunge
Despite high valuations, IT is too tempting to ignore. There is still a strong case for investment in IT stocks to maximise returns and minimise the risk of missing out. Even after several years of rising stock prices, optimism prevails. London, Paris hit bourses peaks again
The London and Paris bourses hit new trading records in thin early trade on Friday after a pre-Christmas spending spree in Hong Kong and New York pushed stocks there to new highs. Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.
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