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Crisil
downgrades IDBI bonds, certificate of deposit programme
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The Credit Rating Information
Services of India Ltd (Crisil) on Tuesday downgraded the bonds
and certificate of deposit (CD) programme of the Industrial
Development Bank of India (IDBI) to ‘AA’ indicating high safety
from ‘AAA’ indicating highest safety. |
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UTI’s
15 schemes take Rs 1,400-crore hit |
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Unit Trust of India’s problems
are not just confined to the US-64 scheme. As many as 15 other
equity-dedicated schemes of the country’s largest mutual fund
have seen value erosion of more than Rs 1,400 crore during the
past one year. The Net Asset Value of as many as eight of these
15 schemes has gone below par. |
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Huge
volumes on India Cements raise eyebrows |
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About 75 lakh shares
have changed hands at the India Cements counter over the last
seven days both at the National Stock Exchange and at the Bombay
Stock Exchange. |
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Stock
brokers announce one-day strike |
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The stock brokers
on Tuesday announced a one-day token strike on July 23 and will
refrain from trading activities in protest against the introduction
of rolling settlement and levy of turnover fee by the Securities
and Exchange Board of India. |
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