Saturday, December 5, 1998
US-64 prices hiked
The Unit Trust of India (UTI) on Friday decided to again hike the sale and repurchase prices of the US-64 scheme by 10 paise to Rs 14.90 and Rs 14.60 respectively for January 1999. This is the third hike in US-64 prices by the UTI in the last three months to boost the investor confidence.
UTI challenges MoF panel order in HC
The Unit Trust of India (UTI) on Friday filed a petition in the Mumbai High Court challenging the order of Appellate Authority in the Finance Ministry to set aside its plea seeking compensation of Rs 7.52 crore from Hindustan Lever Ltd (HLL).
Indians can use international credit cards: RBI
The Reserve Bank of India (RBI) on Friday reiterated that residents in India are permitted to hold international credit cards, which can also be used for making payments in rupees/foreign exchange as per the choice of the cardholder.
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