UTI to revise dividend policy; US-64 to be NAV-driven
Unit Trust of India, the largest mutual fund in the country, has decided to make its flag-ship scheme, US-64, net asset value driven in three years and follow a dividend policy which would reflect the earning capacity.

Govt plans ordinance on Y2K software black marketeers
The government is considering bringing an ordinance to check black marketeering of Y2K solutions, as the millennium bug, projected to hit computers worldwide on January 1, 2000, was fast approaching.

FIPB defers Swatch plan
The 3.2 billion Swiss franc watch major Swatch group's Rs 10 crore proposal for setting up a 100% subsidiary in the country has been deferred by the FIPB, a top company official said.

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  Khattar second MD of Maruti
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  MFs opt for open-end route to enjoy tax sops
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  India emerges as top diamond exporter
  Bizbits