Thursday, March 25, 1999
LIC to invest Rs 8,000 cr in markets
Life Insurance Corporation of India (LIC) has targeted an investment of Rs 8,000 crore in stock markets across the country during the current fiscal. This will be Rs 2,000 crore more than the previous year's Rs 6,000 crore.
US-64 equity exposure rises to 80 pc
The Unit Trust of India (UTI) has ended up increasing the equity exposure of US-64 scheme. Between June 1998 and December 1998, the UTI has added more and more equities at the cost of fixed income investments including government securities.
BSE chief sacked over payment crisis
In a delayed but bold decision, the Securities and Exchange Board of India (SEBI) has asked the Bombay Stock Exchange president J C Parekh to step down from the post for various lapses that led to price rigging and payment crisis on the exchange in May last year.
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