The Hindu Business Line : Monday, February 24, 2003

Delay in guidelines to avoid `conflict of interest' — UTI, sponsors mutual investments at standstill
THE problem of `conflict of interest' between UTI-II and its four institutional sponsors is taking an interesting turn. With the Government yet to come out with the proposed guidelines to avoid possible future conflict of interest as pointed out ... More

Funds lack direction; await signal
INVESTORS in debt funds have found themselves in a volatile situation in recent weeks, and there is no indication that the volatility faced by them will end quickly. However, the last few days were comparatively easy and funds have managed to ... More

STOCK MARKETS

HDFC Bank, ICICI Bank maintain upward trend
NOTWITHSTANDING the threat of the US-led war over Iraq, the US stocks rose for the second consecutive week, as investors seemed to have faith on economy. The Standard & Poor's 500 Index posted a weekly gain of 1.6 per cent to close the last week ... More

T+2 cycle: Fine-tune mechanism, say brokers
THE shift from a T+3 system to T+2 could cast a damper on cash market volumes unless trading and settlement mechanism are made much more efficient, feel market participants. With the April 1 deadline fast approaching, many brokers are of the view ... More

Banking on the divident cut
The much-anticipated pre-Budget rally has turned out to be elusive till date. It remains to be seen if the Budget expectations could spark buying interest in the final stretch leading upto the Budget. The much-expected removal of dividend tax ... More

INTERVIEW

`We will maintain conservative approach' — Mr K.K. Mittal, V-P, Escorts Mutual Fund
"On the equity side, we prefer large-cap stocks, mostly representing the old economy. It is aimed at investors who would go in for relatively higher returns at moderate risks." More

COMMENTARY

Select sectors may attract attention in a crucial week
IT is now quite clear that missiles, if at all, will hit the Iraqi targets only after Mr Jaswant Singh presents his Budget proposals in Parliament on February 28. For the domestic stock market, this translates into a week's freedom from the war ... More

IPOS

Divi's Laboratories IPO oversubscribed by 19.5 times
THE initial public offer of Divi's Laboratories Ltd (DLL), the Hyderabad-based pharmaceutical company specialising in contract research, has been oversubscribed by nearly 19.5 times. While the IPO was for 32,04,684 equity shares through 100 per ... More

INVESTOR PROTECTION

ICSI to set up `investor clinics'
THE Institute of Company Secretaries of India proposes to set up `investor clinics' at its 61 chapters across the country, "for creating awareness and assisting the gullible investors". The institute also plans to develop a Web site for ... More

Stock Quotes
SE Diary

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line