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Journalism of Courage
UGS 10000 reopens for 8 days
MUMBAI: UGS 10000, an interval fund of Unit Trust of India, has once again opened for sales and repurcahase from December 6 to 13, 1999. The sale and repurchase price of the units will be based on the NAV of the day on which the application is accepted. Information on NAV and prices would be available on the next working day. For applications received on holiday,the sale/repurchase price will be based on NAV as on the next working day of the Trust in Mumbai.
Gold price zooms by Rs 70
MUMBAI: GOLD prices zoomed up by Rs 70 per ten gram and silver rallied by Rs 45 per kg on the bullion market on Wednesday. Standard gold shot up further to Rs 4470 from yesterday8217;s close of Rs 4400. 22-carat gold was nominally quoted smartly higher at Rs 4135 from Rs 4070 and ten-tola gold bar .999 purity spurted by Rs 700 to Rs 52,200 from the last close of Rs 51,500 due to firm Asian advices. Ready silver .999 fineness resumed firm at Rs 8060 and rallied further to closeat Rs 8100, showing a handsome gain of Rs 45.
MUMBAI: HEMJAY, the one-stop destination for the latest in computer and telecom has organised quot;Millennium Computer Fair8217;99quot; which begins at Suvarna Sadan, Linking Road, Khar, Mumbai from December 9-31 ,1999. The fair will have on display computers, multimedia, monitors, printers, modems and CDs.
UK water industry mission to visit city
MUMBAI: The biggest names in the UK water industry will be visiting the city on December 9 and 10, 1999, to meet Indian companies and discuss opportunities for collaborations in the water and wastewater treatment sectors. Around 24 high level representatives from UK8217;s water sector will be visiting Mumbai, as part of a wider programme in India including New Delhi and Chennai as well.
One window clearance for VCFs mooted
MUMBAI: THE Sebi appointed committee on venture capital has suggested a single regulatory framework under the Sebi Act to allow single window clearancefor inflow and outflow of funds under an automatic transparent route. The committee chaired by K B Chandrashekar of the US-based Exodus Communications Inc, in its discussion paper released on Wednesday, has recommended that the multiple regulatory regime be done away with and creation of a single regulatory environment that would provide much needed flexibility.
