Copyrights © 2020 Business Standard Private Ltd. All rights reserved.Business Standard is happy to inform you of the launch of "Business Standard Premium Services"A practice that accentuated this problem was that from 1993-94, when UTI started distributing a dividend to unit holders that was much more than the actual income of the scheme during the year. NSE Gainer-Large Cap .
"The Finance Bill specifies persons responsible for paying “income” shall deduct taxes at the rate of 10%.Global oil prices, which were believed to never go below $50-55, have crashed to $30.The value of various debt schemes of UTI Mutual Fund fell as much as 2.22% on Tuesday.You have to fish out companies with strong business models, balance sheets & steady cash flow generationUTI selected investment banks to arrange a sale which could raise about 26 billion rupees.UTI MF and Reliance Nippon AMC segregated co’s papers to protect NAVs of debt schemes.The default by Altico has resulted in concerns over the wider implications.The scheme is managed under the aegis of Employees' Provident Fund Organisation (EPFO).The mega IPO of SBI Card saw a listless listing at a 13 per cent discount to issue price of Rs 755.Hunt for the brightest engineers in IndiaThe appointment of the fund managers for another term of three years has been pending with the EPFO since April last year.YES Bank was the most active stock on NSE in terms of turnover.It may take 2-3 quarters or longer, but we would be back on the growth track. In order to continue this ...Key stories on business-standard.com are available to premium subscribers only.As a premium subscriber you get an across device unfettered access to a range of services which include:Subscribe to insight at just Rs 149 per monthUnit Scheme-1964 (US-64) was the biggest and most popular scheme of UTI. The way UTI Mutual fund handled the DHFL crisis leaves a lot to be desired to say the least highlighting the need for tighter rules on what an AMC should do in the case of a bond default. Businesses with deposit accounts at Yes Bank may not be able to make payments on …
Topics BOOK REVIEW | Reserve Bank of India
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In early June 2019, Dewan Housing Finance Corporation Ltd a housing finance company defaulted on almost 1000 Crores of interest payment.
Former SEBI chairman U K Sinha revisits the drama in his new book.
The figure shows that UTI Mastershare will give Rs 2.70 per unit on face value of Rs 10.Nifty Midcap 100 Index logged its biggest monthly gain in 10 months in Jan."The likelihood of an upgrade in the near term is remote unless there’s a strategic stake sale, which seems difficult in the current climate. UTI Mutual Fund writes off exposure to crisis-hit DHFL; UTI Mutual Fund writes off exposure to crisis-hit DHFL Care Ratings has downgraded DHFL’s bank facilities of Rs 42,713 crore, non-convertible debentures of Rs 46,655 crore, fixed deposits of Rs 8,940 crore and subordinated debt of Rs 2,205 crore to …
UTI Bank News and Updates from The Economictimes.com.
Nifty 10,618.20 10.85. How UTI crisis unfolded: Former Sebi chairman UK Sinha revists the drama The decision to stop the encashment of US-64 unit was a step that shocked investors and the entire capital market.
Benchmarks . The danger signals relating to US-64 and other schemes of UTI were already evident from the numerous reports in the media.
Read more about UTI Bank Q3 net rises 45% on Business Standard.