US-64 exit level set at 3,000 units -- Repurchase facility from Aug; to be NAV-based from Jan, 2002
THE Unit Trust of India today decided to give an exit route to small investors holding up to 3,000 units of the Unit Scheme-64 (US-64). It has also decided to make the scheme NAV-based from January 1, 2002.

Damodaran new UTI chief
THE Government today appointed Mr M. Damodaran, an IAS officer who is now Officer on Special Duty in the Reserve Bank of India, New Delhi, as the new Chairman of Unit Trust of India.

`Positive movement' in Indo-Pak talks
DAYTIME deliberations at the historic summit meeting between the Prime Minister, Mr Atal Bihari Vajpayee, and the visiting Pakistan President, General Pervez Musharraf, produced a rather guarded statement from the Ministry of External Affairs at 4.30 thi s evening.

Escorts to bet on core areas
ESCORTS Ltd is restructuring its operations to reduce its total debt burden and consequently the annual interest outgo. The company, strapped with high cost debt, is now proposing to apply funds received from its equity divestment in the erstwhile Yamaha Motors Escorts Ltd (YMEL) to bring down its dependence on loan funds.

Karnataka plans online lottery
GUESS what the country's most IT-branded State is gambling on now -- electronic lottery, no less.

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